恒生科技指数同步高开，开盘报5303.5点，上涨92.0点，涨幅1.77%，盘中震荡上行，实时报5389.49 点，涨幅升至3.42%，最高触及5406.77点，成交额101.23亿港元，成分股大多上涨。 今日（2月23日），港股开盘后呈现高开高走态势，恒生指数与恒生科技指数同步拉升，但板块分化态 势显著，人工智能等新质生产力赛道与传统互联网龙头表现迥异，市场资金呈现明显的结构性轮动特 征，截至9时51分，交易活跃度持续攀升。 指数方面，恒生指数开盘表现强劲，报26798.97点，上涨385.62点，涨幅1.46%；开盘后持续走高，截 至9时51分，实时报27010.24点，涨幅扩大至2.26%，日内最高触及27041.0点，成交额达397.91亿港元， 延续近期震荡回升态势。 恒生科技指数成分股多数上涨，华虹半导体、美团、中芯国际涨超5%，京东、比亚迪股份涨超4%。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 AI板块表现分化，头部标的呈现异动，智谱（HK02513）在前期暴涨基础上出现回落，开盘后跌近 18%，MINIMAX-WP（HK00100）也跌超10%；不 ...

2月23日早盘，港股三大指数高开。截至发稿，恒生指数涨2.6%报27100.94点，日内涨近700点；恒生国 企指数涨2.86%报9215.75点，恒生科技指数涨3.77%报5407.81点。 A50期指盘中快速拉升，截至发稿涨1.6%。 个股方面，美团涨超7%，京东、中芯国际涨超5%，华虹半导体涨超4%，阿里巴巴涨超3%。 港股光通讯概念走强，截至发稿，长飞光纤光缆涨近17%，最新总市值为1080亿港元；汇聚科技涨超 8%，剑桥科技涨超5%。 | < V | | 长飞光纤光缆 | | | Ca Q | | --- | --- | --- | --- | --- | --- | | | | 06869 港股通 ▼ | | | | | 130.500 今开 116.200 最高 133.000 最低 115.500 | | | | | | | 16.94% 18.900 块子 | | 1.42% 总手 | | 600万 金额 | 7.66亿 | | 总值 1080亿 市盈 TM 177.42 市净 | | | | 8.34 | 重多 | | A股报价 213.39 -6.00% | | | | 溢价(H/A): ...

| | | 恒生指数[H2I] 2026-02-23 09:49 | | | 价格 | ■ 均线 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 27068.61 | | | | | | | | 2.48 % | | 26904.79 | A / - | | | | | | | 1.86 % | | 26740.98 | | | | | | | | 1.24 % | | 26577.16 | | | | | | | | 0.62 % | | 26413.35 | | | | | | | | 0.00 % | | 26249.54 | | | | | | | | 0.62 % | | 26085.72 | | | | | | | | 1.24 % | | 25921.91 | | | | | | | | 1.86 % | | 25758.09 | | | | | | | | 2.48 % | | 09:30 | | 11:00 | 13:30 | 14:30 | | | 16:00 | | | 2.20亿 | | | | | | | ...

Market Overview - The Hong Kong stock market opened higher on the 23rd, with the Hang Seng Index rising by 2.27% to 27,012.61 points, and the Hang Seng Tech Index increasing by 3.37% to 5,387.00 points [2] - The overall trading volume reached 25.3 billion HKD, with net inflows of 20.2 billion HKD from southbound trading [2] Sector Performance - Technology stocks saw significant gains, with Meituan up over 5%, JD.com nearly 4%, and NetEase and Kuaishou both rising over 3% [2] - The semiconductor sector also opened strong, with SMIC and Hua Hong Semiconductor both increasing by over 4% [2] - Gold stocks generally rose, with China Gold International gaining over 3% [2] - Automotive stocks were active, with Geely increasing by over 1% [2] Company-Specific News - Zhizhu (智谱) experienced a significant drop of over 10% following the release of an apology letter regarding its GLM Coding Plan, which acknowledged three main errors: lack of transparency, slow update pace, and poor upgrade mechanism for existing users [3][6] - Despite the recent decline, Zhizhu's stock had previously surged by 42.72% on February 20, reaching a market capitalization of 323.2 billion HKD, with a total increase of 524% since its IPO price of 116.2 HKD [6]

Market Overview - The Hang Seng Index rose by 599.26 points, or 2.27%, closing at 27,012.61 [1] - The Hang Seng Technology Index increased by 175.50 points, or 3.37%, reaching 5,387.00 [1] - The Hang Seng Biotech Index gained 343.77 points, or 2.16%, ending at 16,292.94 [1] - The total trading volume was 25.3 billion [1] - Net inflow from southbound funds was 20.2 billion [1] Sector Performance - Technology stocks saw widespread gains, with Meituan rising over 5%, JD.com nearly 4%, and NetEase and Kuaishou both up over 3% [1] - The semiconductor sector opened high, with SMIC and Hua Hong Semiconductor both increasing by over 4% [1] - Gold stocks generally rose, with China Gold International up over 3% [1] - Automotive stocks were active, with Geely gaining over 1% [1] - However, stocks like Zhizhu and MiniMax experienced significant declines, both dropping over 10% [1] Company Specifics - Zhizhu (2513) reported a market capitalization of 278.7 billion and a price-to-earnings ratio of 141, with a recent price drop of 13.79% [2] - On February 21, Zhizhu issued an apology regarding its GLM Coding Plan, acknowledging three main errors: insufficient transparency, slow update pace for GLM-5, and poorly designed upgrade mechanisms for existing users [4] - Despite the apology, Zhizhu's stock price surged by 42.72% on the previous trading day, reaching a new high and a total market value of 323.2 billion HKD, marking a 524% increase since its IPO price of 116.2 HKD [4]

没想到，2月21日它就整了波大活，发了封致歉信，承认GLM-5发布后犯了三个错。 前两天，才和大家聊了聊在港股创下暴涨神话的智谱AI，就在前一个交易日，这家上市仅一个多月的"全球大模型第一股"，凭着单日暴涨42.72%的行 情，把市值干到3232亿港元，超越一堆老牌互联网大厂，成了开年国内最猛的科技黑马。 一是GLM-5算力消耗高于老模型，公司设置高峰3倍、非高峰2倍的扣费倍率，却未提前完整公示，引发用户反馈用量异常、消耗过快。 二是GLM-5上线后流量远超预期，叠加黑灰产、黄牛恶意占用算力，公司算力扩容没跟上，只能按用户等级分阶段限流，很多付费用户无法正常使用核 心模型。 三是老用户升级机制设计粗糙，不少老用户误升级新套餐后权益受损，公司既无提前风险提示，也未设置回滚通道。 对此，智谱同步推出整改与补偿方案。 整改上，完整公示扣费规则，用量看板刷新缩至10分钟，明确模型分级开放节奏，承诺打击黑灰产、扩容算力。 补偿上，2026年1月1日-2月21日的Lite、Pro付费用户可全额退款，误升级老用户支持一键回滚，全量订阅用户统一延长15天使用期。 如今智谱已搭建起完整产品体系，包括面向普通用户的AI助手智谱清 ...

责任编辑：郝欣煜 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 | 名称 | 最新价 | 涨跌额 | 涨跌幅 ^ | | --- | --- | --- | --- | | 恒生指数 8000000 | 26943.13 | +529.78 | +2.01% | | 国企指数 800100 | 9144.91 | +185,35 | +2.07% | | 恒生科技指数 800700 | 5347.67 | +136.17 | +2.61% | 责任编辑：郝欣煜 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 2月23日消息，港股三大指数开盘拉升，恒生指数、恒生科技指数涨超2%。恒指成分股中，紫金矿业涨 超5%，美团涨超4%，中芯国际、京东、网易、舜宇光学科技等涨超3% 2月23日消息，港股三大指数开盘拉升，恒生指数、恒生科技指数涨超2%。恒指成分股中，紫金矿业涨 超5%，美团涨超4%，中芯国际、京东、网易、舜宇光学科技等涨超3% ...

阿里、腾讯、美团等被总结为建议调出的"老登恒生"成分股。同时，恒生生物科技指数也在当日逆市收 涨0.96%，另外，石油股也出现走强。 值得留意的是，虽然港股互联网主题ETF、恒生科技ETF等节前资金流入最多的ETF并未迎来涨势，但 表现强势的个股也有公募基金的布局身影，次新股以打新的方式布局，而表现强势板块则在此前已有主 动权益基金的加仓迹象。 2月22日，节后首个交易日，恒指和恒生科技虽然没有收涨，但AI概念股的涨势如期而至。 2月20日，港股三大指数集体收跌。其中，恒生科技收跌2.91%，恒生指数收跌1.10%，而恒生国企指数 收跌1.22%。相较于恒生科技的继续下挫，港股上市的AI概念次新股却迎来上涨，网友也出现了调整恒 生科技部分成分股的建议。 小米、中芯国际、比亚迪、腾讯、快手等成分股也在去年四季度被主动权益基金减持，不过，美团在去 年四季度得到主动权益基金增持超过1700万股。 石油、创新药板块走强 港股AI概念股大涨 截至2月20日收盘，智谱延续强势表现，收涨42.72%，报725港元；MiniMax也同样收涨14.52%，报970 港元。两大AI龙头盘中最高市值双双突破3000亿港元，与上市初 ...

Core Insights - The AI wealth effect is remarkable, with companies MiniMax and Zhipu becoming the stars of the Hong Kong stock market, both surpassing a market capitalization of 300 billion HKD [2][12] - MiniMax and Zhipu have seen stock price increases of over 400% in just two months, showcasing a significant upward trend since their listings [14][15] Company Performance - Zhipu, known as the "first global large model stock," debuted on January 8, 2026, with an initial price of 116.2 HKD per share, reaching a market cap of 578.9 billion HKD on its first day [14][15] - As of February 20, 2026, Zhipu's stock price surged by 42.72% to 725 HKD, with a market cap increase of 967 billion HKD in a single day [3][15] - MiniMax launched on January 9, 2026, with a first-day increase of 109.09%, closing at 345 HKD and achieving a market cap of 1,067 billion HKD [4][15] - By February 20, 2026, MiniMax's stock price rose to 970 HKD, reflecting a nearly 90% increase since February 9, 2026, and a total market cap of 3,042.3 billion HKD [4][15] Investment Landscape - Both companies have attracted significant attention from institutional investors, with Zhipu receiving over 50 institutional investments before its IPO, including notable VC and PE firms [5][17] - Early investors in Zhipu, such as Zhongke Chuangxing, have seen their initial investment of 40 million CNY grow to a market value of 4.33 billion CNY as of February 20, 2026 [6][18] - MiniMax's early backers, including Hillhouse Capital and IDG, have also experienced substantial returns, with their initial investment of 200 million USD now valued at over 100 times that amount [19] Market Trends - The recent stock price surges of MiniMax and Zhipu reflect a broader trend in the AI large model sector, with significant financing activities occurring in the market [21][22] - Companies like Moonlight and Jiyue Xingchen have also reported substantial funding rounds, indicating a robust investment climate in the AI sector [21][22] - The competitive landscape is expected to intensify, with resources increasingly concentrating on leading companies as the market evolves [23]

【#智谱和MiniMax市值已超携程京东#】2月20日，港股大模型公司智谱和MiniMax股价均大幅上涨， 创上市以来新高。 其中，智谱股价收涨42.72%，报725港元，上市43天累计涨幅已超500%。MiniMax收涨14.52%，报970 港元，上市以来累计涨幅487.88%。两家大模型企业市值均突破3000亿港元，接连超越携程、快手和京 东市值，逼近泡泡玛特与百度。 招商证券近期发布的研报指出，AI应用领域近期呈现出技术突破与商业化竞争同步深化的鲜明趋势。 AI应用相关技术迎来核心突破。叠加"人工智能+"行动作为国家中长期发展战略，为行业提供坚实长期 支撑。指数估值水位略高，但在产业趋势与政策红利的双重驱动下，上行空间值得期待。（每经综合， 德塔） | 智谱 | | | | | | --- | --- | --- | --- | --- | | HK2513 HK | | | | | | 725.000 | 市值 3232.4亿 量比 725.000 | 1.18 | | | | 流通 1604.5亿 换 | 532.500 | 2.38% | | | | 217.000 42.72% + | 534 ...