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Hong Kong Stock Zhipu Surges Over 12%, Market Value Exceeds HKD 1 Trillion

On June 22, Hong Kong Stock Zhipu (02513.HK) saw its total market value exceed HKD 1 trillion during trading, with an increase of over 1900% this year, currently rising over 12%.

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    On June 22, Liu Qiangdong, founder and chairman of JD Group, revealed at the 2026 APEC Business Leaders Forum in China that JD is fully committed to the 'Giant Vision Model,' planning to collect over 10 million hours of first-person and third-person perspective video data globally. Utilizing JD's advantages in logistics and warehousing, the aim is to train AI to better understand the real world. He admitted that while JD may not be the strongest in large model development, it possesses rich advantages in physical scene data. Liu also announced that all of JD's AI technology will be fully opened to all partners in various countries overseas. 'We do not want any enterprise or any country to create technological divides or barriers,' he stated. 'Technological barriers are essentially technological exploitation, always attempting to use technology to plunder the wealth of other countries, serving only one country or one enterprise, which is not the philosophy of JD Group.' He urged entrepreneurs, research institutions, and government departments from APEC economies to initiate international cooperation in the field of AI as soon as possible. 'I do not believe that in the future era of artificial intelligence and robotics, any single country can face new technological shocks by changing its own system; it must be the result of collective cooperation among countries worldwide.'

  • South Korea's Policy Chief Warns Chip Boom May Trigger Real Estate Risks

    On June 22, Kim Yong-bum, South Korea's presidential policy chief, stated that policymakers need to consider how the benefits of the chip industry's prosperity will spread throughout the economy, warning that historically, excess liquidity often ends up in the real estate market. Kim pointed out that driven by the global AI boom, profits in the semiconductor sector have surged, leading South Korea's nominal economic growth rate to reach its fastest level in over two decades. Although macroeconomic indicators show the economy has entered an unusually strong growth phase, many households and small to medium-sized enterprises have yet to truly feel the benefits. Kim noted that South Korea's real GDP growth in the first quarter was 3.8%, while real gross national income growth reached 13.2%, indicating a significant gap that suggests the boost in purchasing power from rising chip prices far exceeds the growth in actual output. He mentioned that most of the income growth generated has not yet been reflected in the broader economy but may gradually manifest in the coming quarters through bonuses, wage increases, and the return of export revenues, potentially supporting luxury consumption and real estate demand. 'Historically, such funds have often flowed into the real estate market, making it difficult to assume this cycle will be any different,' he stated.

  • Market News: Anthropic Completes New Mythos Training, Sonnet 5 Release Imminent

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  • Jensen Huang: China is a Major Global Technology Industry Hub

    On June 22, according to CCTV Finance, the fourth Chain Expo opened today in Beijing, with NVIDIA CEO Jensen Huang delivering a speech via video. He stated, "The Chain Expo focuses on one of the most important systems in the world: the supply chain. The supply chain connects energy, factories, logistics, businesses, and customers, thereby connecting the entire world. China is one of the major technology and industry hubs in the world, where engineers excel, developers act swiftly, and companies achieve extraordinary growth at scale. Congratulations once again on the opening of the 2026 Chain Expo, and I wish this year's exhibition great success!"

  • Former Meta Executive Advises Graduates: Ten-Year Career Plans Are Outdated in the AI Era

    On June 22, according to Fortune China, former Meta COO Sheryl Sandberg recently addressed graduates at Brandeis University, stating: "There’s no need to make a ten-year plan; you only need to do two things: first, find a short-term direction and clarify your current goals; second, hold a long-term vision and think about what kind of life you want to lead. Don’t worry about how to connect the two; the future path of life is full of surprises, and opportunities are hidden within those surprises." In today's job market, heavily impacted by AI technology, popular positions that are currently sought after by graduates may undergo drastic changes or even disappear within just a few years. In this context, attempting to plan one’s life trajectory is not only futile but may also lead to missing out on valuable opportunities to reshape one’s destiny. Sandberg’s advice comes at a time when many young professionals are feeling anxious. "I understand that many of you are worried about the future, which is completely natural," she said. "You’ve probably seen the news reports that this year’s graduates are facing the toughest job market in decades." However, she also emphasized that employment challenges have always existed. "Every year, people say that year is the hardest for job seekers; this notion has been around since the concept of 'graduation' began," she added. "I’m not saying it’s easy to find a job now, but every generation eventually finds a solution and successfully navigates through the difficulties."

  • TSMC Reduces 28nm Production by Over 25% Since Early This Year

    On June 22, media reports citing supply chain sources indicated that TSMC's (TSM.US) primary 28nm production facility, Fab 15A, has seen its monthly wafer output decrease from 200,000 wafers at the beginning of this year to 150,000 wafers, representing a reduction of over 25%. TSMC plans to allocate more 28nm capacity to support intermediate layers, gradually phasing out low-margin orders.

  • FTSE China A50 Index Futures Drop by 1%

    On June 22, the decline of the FTSE China A50 Index futures widened to 1%.

  • Kishida Accepts BOJ Rate Hike, Reaffirms Coordination with Central Bank

    On June 22, Japanese Prime Minister Sanae Takaichi reiterated the government's regular stance on coordinating with the central bank, suggesting she has accepted the Bank of Japan's recent decision to raise interest rates. Takaichi stated on Monday, 'We expect close cooperation between the Bank of Japan and the government to implement appropriate monetary policy based on developments in the economy, prices, and financial conditions, in order to sustainably achieve the 2% price stability target.' As a supporter of loose monetary policy, Takaichi made these remarks following the BOJ's rate hike last week. Recent data showed that Japan's national consumer price index rose by 1.4% in May, partly due to government subsidies that suppressed energy costs. Takaichi's government has also prepared an additional budget to continue alleviating the impact of the Middle East crisis on household spending in the coming months. Nevertheless, the BOJ expects that high energy prices resulting from the Middle East conflict will continue to exert significant upward pressure on inflation. This has raised economists' expectations for another rate hike by the BOJ within the year, potentially as early as September.

  • Hong Kong AI Stocks Rise, Zhipu (02513.HK) Surges Over 30%

    Hong Kong AI stocks saw a partial rise, with Zhipu (02513.HK) increasing by over 30%, Changfei Optical Fiber Cable (06869.HK) rising by over 20%, MINIMAX-W (00100.HK) up by over 12%, InnoCare (02577.HK) gaining over 8%, and Lanke Technology (06809.HK) climbing over 4%.

  • Qatar and Pakistan Joint Statement: First Round of High-Level Talks Between US and Iran Concludes, Parties Agree on 60-Day Roadmap

    On June 22, Qatar and Pakistan issued a joint statement. The statement noted that the first round of high-level talks held under the framework of the US-Iran Memorandum of Understanding has concluded in Switzerland. Based on the memorandum, the parties agreed to establish a high-level committee to provide political oversight for the mediation efforts. Chief negotiators will report regularly to the high-level committee. The committee has reached a consensus on a timeline to achieve a final agreement within 60 days, laying the groundwork for the immediate initiation of further technical talks. Additionally, the parties agreed to establish a conflict resolution coordination group between the relevant parties and the Republic of Lebanon, with assistance from the mediators, to ensure the cessation of military operations in Lebanon according to the memorandum. Technical talks will continue for the remainder of the week at the Bürgenstock resort in Switzerland to address all issues. (Jinshi)

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