--- title: "Hong Kong Stock Movement: HAIZHI TECH GP falls 11.81%, experiencing severe fluctuations after entering the market as capital competition intensifies" type: "News" locale: "en" url: "https://longbridge.com/en/news/289557885.md" description: "HAIZHI TECH GP fell 11.81%; Zhipu rose 2.26%, with a transaction volume of HKD 2.499 billion; MINIMAX-W fell 8.64%, with a transaction volume of HKD 568 million; Dipu Technology fell 0.29%, with a transaction volume of HKD 99.55 million; Shenyan Intelligent rose 7.69%, with a market value of HKD 23.1 billion" datetime: "2026-06-12T06:57:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289557885.md) - [en](https://longbridge.com/en/news/289557885.md) - [zh-HK](https://longbridge.com/zh-HK/news/289557885.md) --- # Hong Kong Stock Movement: HAIZHI TECH GP falls 11.81%, experiencing severe fluctuations after entering the market as capital competition intensifies **Hong Kong Stock Movement** HAIZHI TECH GP, down 11.81%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Zhiyuan rose 2.26%, with a trading volume of HKD 2.499 billion. Based on recent key news: 1. On June 12, Zhiyuan was included in the Hang Seng Tech Index and Stock Connect, attracting mainland capital allocation, leading to a rise in stock price. Despite support from passive buying, it initially faced profit-taking, dropping 13.55% and 7.75% on June 9 and 10, respectively. Source: CaiLianShe 2. On June 11, CMB International rated Zhiyuan as "Buy," with a target price of HKD 1,503.9, emphasizing its leading position and market opportunities in the large language model field. Source: CMB International 3. On June 11, with the upcoming unlock wave in the Hong Kong stock market, Zhiyuan will unlock 25.6816 million shares on July 8, with an unlock market value of approximately HKD 26.914 billion, which may trigger selling pressure. Source: CaiLianShe AI industry valuation attractiveness remains, but attention is needed on unlock wave risks. MINIMAX-W fell 8.64%, with a trading volume of HKD 568 million. Based on recent key news: 1. On June 12, MINIMAX-W announced an adjustment to its billing model, leading to user complaints and a drop in stock price. The company promised compensation measures, but market reaction was negative, with the stock price falling to HKD 403 and a trading volume of HKD 507 million. Source: Zhitong Finance 2. On June 11, with the upcoming unlock wave in July, MINIMAX-W will have 146 million shares unlocked, with an unlock market value of approximately HKD 65.811 billion, and a high proportion held by financial investors, increasing selling pressure. Source: CaiLianShe 3. On June 12, short-selling sentiment in the Hong Kong stock market was high, with MINIMAX-W short sales reaching a new high, leading to significant market selling pressure. Source: CaiLianShe AI industry competition is fierce, with high financing pressure. Dipu Technology fell 0.29%. Based on recent key news: 1. On June 9, Dipu Technology was included in the Hong Kong Stock Exchange Technology 100 Index, with this adjustment taking effect on June 15. This news increased market attention on the company, driving up the stock price. 2. On June 9, the company completed an H-share placement, raising approximately HKD 395 million for overseas business expansion and customer development. This move strengthened the company's financial position, further boosting the stock price. 3. On June 9, market expectations for the Federal Reserve's interest rate hikes this year increased, leading to a general decline in global technology and chip sectors, affecting Dipu Technology's stock performance. The Hong Kong stock AI sector has significantly expanded, intensifying industry competition. **Stocks with High Market Capitalization in the Industry** Shenyan Intelligent rose 7.69%. Based on recent key news: 1. On June 11, some companies quickly sought to return to the A-share market after listing on the Hong Kong stock market, reflecting a pursuit of higher valuations for technology companies. This move indicates positive market expectations for technology enterprises, driving up related stock prices. 2. On June 9, Shenyan Intelligent's continued investment in technology research and product iteration has strengthened market confidence in its future growth. The company focuses on enterprise digitalization and intelligent decision-making, attracting investor attention. 3. Recently, the performance of new stocks in the Hong Kong stock market has drawn widespread attention from investors, especially those companies that quickly engaged in capital operations after listing, further enhancing market interest in related stocks. The performance of new stocks in the Hong Kong stock market has been active, with significant capital inflow ### Related Stocks - [02706.HK](https://longbridge.com/en/quote/02706.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [01384.HK](https://longbridge.com/en/quote/01384.HK.md) - [02723.HK](https://longbridge.com/en/quote/02723.HK.md) ## Related News & Research - [COIN Stock Alert: What to Know as Coinbase Launches AI Trading Tool](https://longbridge.com/en/news/289629146.md) - [Forget AI Models. 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