On July 31, Z.AI surged 22.62% in regular trading, trading at HK$1,059.0/share, with turnover of HK$25.29 billion. The rally was driven by a confluence of three major catalysts involving index inclusion expectations, infrastructure expansion, and product capacity release.

On the news front, CICC published a research report noting that Hang Seng Indexes Company will announce index rebalancing results on August 21, with Z.AI ranked among the top candidates for potential Hang Seng Index inclusion. Inclusion would attract passive fund allocation, with the market responding positively to this expectation. Additionally, the company announced that its paid developer subscription service GLM Coding Plan has officially reopened for enrollment after previously restricting sign-ups due to explosive AI Coding demand growth.

Furthermore, Z.AI has completed a 1GW-class domestic AI computing data center powered entirely by domestically produced AI chips, reinforcing market confidence in the company's long-term growth potential. The stock had previously declined sharply following a HK$314.1 billion stock offering announced on July 28, making today's rebound particularly notable as multiple institutional catalysts converged.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)