Core Viewpoint - The stock of Zhiyu (02513) has surged nearly 30%, reaching a new high of 658.5 HKD, which is over 4.6 times its IPO price of 116.2 HKD, resulting in a market capitalization exceeding 290 billion HKD [1] Group 1: Company Developments - Zhiyu recently launched its next-generation flagship model GLM-5 and announced a price increase for its AI programming subscription package, GLM Coding Plan, with an overall price increase starting from 30% [1] - The price increase of the GLM Coding Plan reflects a change in industry pricing logic, where model vendors can convert "computing power scarcity" into gross profit and cash flow through tiered pricing and subscription products [1] Group 2: Industry Collaborations - According to Zhongke Shuguang, the SothisAI has been upgraded to fully integrate Zhiyu's GLM-5 and Alibaba's Qwen3.5 models, further simplifying and optimizing the construction and operation processes of enterprise AI platforms [1] - The "Taichu Yuqi" has completed deep adaptation work for several mainstream domestic open-source large models, including Zhiyu's GLM-5.0 and Alibaba's Qwen3.5-397B-A17B [1]

2月20日，香港恒生指数、恒生科技指数低开低走，恒生指数一度下跌1.31%，现跌0.68%，恒生科技指数一度下跌2.7%，现跌2.02%。 胜利证券(8540.HK)涨13.12%。消息方面，香港证券及期货事务监察委员会网站更新的信息显示，胜利数码科技有限公司旗下的虚拟资产交易平台VDX已 于2月13日获颁虚拟资产交易平台运营牌照。 | < W | 胜利证券(8540) | | | | | --- | --- | --- | --- | --- | | | 02-20 09:44:00 | | | | | 5.690 | 额 145万 股本 2.13亿 市盈 " 27.6 | | | 万得 | | | | | | 20 | | | 0.660 13.12% 换 0.12% 市值 12亿 市净 5.84 | | | | | 分时 | 五日 日K | | 申名 6 | | | 昼加 | | | 均价:5.813 盘圆 成交 | | | 5.930 | | | 17.89% 卖10 5.780 --(0) | | | | | | 卖9 5.770 -- (0) | | | | | | 卖8 5.760 | -- ( ...

Market Overview - The Hang Seng Index and Hang Seng Tech Index opened lower, with the Hang Seng Index dropping by 1.31% at one point and currently down by 0.68% [1] - The Hang Seng Index is currently at 26,524.99, with a trading volume of 4.29 billion and a market capitalization of 429 billion [2] Stock Performance - AI application stocks in Hong Kong showed strong performance, with Haizhi Technology Group (2706.HK) rising by 19.25%, MINIMAX-WP (0100.HK) increasing by 11.63%, and Zhipu (2513.HK) up by 18.31%, bringing their market capitalization to 268 billion HKD [1] - Victory Securities (8540.HK) saw a rise of 13.12% following the approval of its virtual asset trading platform VDX by the Hong Kong Securities and Futures Commission [6] - Bitcoin-related stocks also performed well, with Star Chain Group (0399.HK) surging by 46.67% after news of the issuance of stablecoin licenses in Hong Kong [6] Declines in Tech Stocks - Many tech stocks experienced declines, with notable drops including Kingdee International and Baidu Group falling over 5%, Alibaba and Bilibili down over 4%, and Netease down by 3.95% [8] - Other companies such as Tencent Music, Meituan, and JD Group also saw declines of over 3% [8][9][10] Notable Gainers - Midea Group, Horizon Robotics, and SenseTime recorded gains, with Midea Group increasing by 1.47% [11]

每经编辑｜张明双 王晓波 1 隔夜市场 美股三大指数集体收跌，道指跌0.54%，纳指跌0.31%，标普500指数跌0.28%，大型科技股多数收跌，苹果、奈飞、英特尔跌超1%，微软、谷歌、英伟达 小幅下跌；亚马逊、特斯拉、Meta小幅上涨。中概股多数下跌，纳斯达克中国金龙指数跌0.35%，霸王茶姬跌逾2%，百胜中国、奇富科技跌超1%，禾赛科 技涨超2%，华住集团涨逾1%。 国际油价集体大涨，美油主力合约涨2.49%，报66.67美元/桶；布油主力合约涨2.25%，报71.93美元/桶。 国际贵金属期货普遍收涨，COMEX黄金期货涨0.12%，报5015.50美元/盎司；COMEX白银期货涨1.09%，报78.44美元/盎司。 欧洲三大股指收盘多数下跌，德国DAX指数跌0.93%报25043.57点，法国CAC40指数持平报8429.03点，英国富时100指数跌0.55%报10627.04点。 2 国务院安委会对湖北宜城烟花爆竹爆燃事故查处挂牌督办 据央视新闻2月19日报道，2月18日，湖北省襄阳市宜城市郑集镇一烟花爆竹零售店发生一起爆燃事故，造成12人死亡。根据《重大事故查处挂牌督办办 法》，国务院安委会决定对 ...

Group 1 - Chinese research team developed an AI medical system called DeepRare [1] - Zhongke Shuguang's SothisAI integrates with Zhipu GLM-5 and Qwen3.5 [1] - Ant Group's subsidiary will release the enterprise version of the Bailing large model [1] Group 2 - Taichu Yuqi completed deep adaptation of Zhipu GLM-5.0 and Alibaba's Qianwen dual open-source models [1] - The national version "OpenClaw" by NetEase Youdao announced open-source, activating the Agent innovation ecosystem [1] - OpenAI's latest funding round is expected to exceed $100 billion [1]