--- title: "Hong Kong stock movement: HAIZHI TECH GP surged 21.38%: Transformation plan + share buyback benefits drive dual momentum" type: "News" locale: "en" url: "https://longbridge.com/en/news/296448648.md" description: "HAIZHI TECH GP surged 21.38%; MINIMAX-W rose 6.77%, with a transaction volume of HKD 3.267 billion; Zhipu rose 1.28%, with a transaction volume of HKD 3.021 billion; Dipu Technology fell 0.96%, with a transaction volume of HKD 358.6 million; Zhongke Wenge rose 7.19%, with a market value of HKD 14.8 billion" datetime: "2026-08-20T07:12:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296448648.md) - [en](https://longbridge.com/en/news/296448648.md) - [zh-HK](https://longbridge.com/zh-HK/news/296448648.md) generator: "portal-rs" --- # Hong Kong stock movement: HAIZHI TECH GP surged 21.38%: Transformation plan + share buyback benefits drive dual momentum **Hong Kong Stock Movement** HAIZHI TECH GP surged 21.38%. Based on recent news, 1. On August 19, HAIZHI TECH GP announced a new data intelligence infrastructure transformation plan aimed at enhancing its technological capabilities and market competitiveness. This move sparked strong interest from investors, driving the stock price significantly higher. 2. On August 19, HAIZHI TECH GP's shareholder repurchase plan further boosted market confidence. The company stabilized its stock price through share buybacks, demonstrating confidence in its future development. 3. On August 19, against the backdrop of changing global demand, HAIZHI TECH GP focused on improving the profit margins of its precision motor division. This strategic adjustment was viewed as a positive signal by the market, further propelling the stock price upward. The overall market performance was mixed, with technology stocks performing strongly. **Stocks with High Trading Volume in the Industry** MINIMAX-W rose 6.77%. Based on recent key news: 1. On August 20, MiniMax-W launched the multimodal creation Agent workstation MiniMax Design, pushing the model towards commercial content production, with the stock price rising over 8%. 2. On August 18, MiniMax-W was included in the Hong Kong Stock Exchange Technology 100 Index, further enhancing its market representation, leading to a rise in stock price. 3. On August 17, JP Morgan raised the target price for MiniMax-W to HKD 260, maintaining a neutral rating, positively impacting the stock price. Competition in the AI industry is intensifying, with technological innovation becoming key. Zhipu rose 1.28%, with a trading volume of HKD 3.021 billion. Based on recent key news: 1. On August 19, Zhipu's GLM-5.3 API went live; despite performance improvements, market reactions were tepid, leading to stock price fluctuations. Source: Zhipu official website. 2. On August 18, JP Morgan raised Zhipu's target price to HKD 1800, with an upgrade to overweight rating, but the stock price still fell. Source: Now News Channel. 3. On August 17, with increasing industry competition, Zhipu faced pricing pressure, affecting short-term market confidence. Source: Yicai Global. The competition in the AI industry is fierce, with a heightened struggle for pricing power. Dipu Technology fell 0.96%. Based on recent key news: 1. On August 17, Dipu Technology completed the placement of 14.286 million new H shares, raising approximately HKD 488 million. This move provides funding support for the R&D of enterprise AI intelligent bodies and token productivity platform technology iteration, enhancing the company's technological strength and market competitiveness. 2. On August 12, Dipu Technology jointly launched a data intelligence solution with Huawei Cloud, leveraging both parties' technological advantages to promote the application of the enterprise intelligent body platform in the manufacturing and retail industries, enhancing market reach. 3. Recently, Dipu Technology disclosed its mid-2026 performance, with operating revenue increasing by 115% year-on-year, and net profit reaching an inflection point, demonstrating the effectiveness of the company's commercialization strategy. Industry competition is intensifying, with technological innovation becoming key **Stocks Ranked Among the Top by Market Capitalization in the Industry** Zhongke Wenge rose by 7.19%. Based on recent key news: 1. On August 17, Zhongke Wenge announced a partnership agreement with Guokexizi and Keqiao Jinkai to establish a fund with a total investment of 300 million RMB. The company plans to contribute a total of 177 million RMB, accounting for 59% of the fund's total investment. The fund will focus on high-quality enterprises within the upstream and downstream ecosystem of the company's decision-making intelligence business, including enterprise-level data infrastructure, industry models, intelligent agents, AI security, AI4Science, and industrial decision-making systems. This news drove the stock price up. 2. On August 18, electronic payment solution provider PAX Global Technology announced a dividend of HKD 0.25 per share, demonstrating strong cash flow. In the face of macroeconomic challenges, other cyclical and defensive stocks traded relatively quietly. This news indirectly affected Zhongke Wenge's market performance. 3. Recently, there has been an increased investment interest in technology stocks, with the Fubon NYSE FactSet Taiwan Core Semiconductor Index ETF continuing to inject funds into core chip manufacturers, driving related technology stocks up. 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