Semiconductor stocks listed in Hong Kong continued their upward trajectory in the afternoon trading session.

HUA HONG GRACE and other chipmakers saw significant gains, with some rising over 10%.

Key catalysts driving the sector include positive signals from a major financial forum and ongoing domestic procurement for AI computing power.

The recent Lujiazui Forum emphasized reforms to support the listing of "hard tech" companies in fields like quantum technology and embodied intelligence.

In industry news, ByteDance is reportedly in talks with domestic chip firm HUA HONG GRACE to purchase at least 50,000 AI inference GPUs, highlighting a clearer division between training and inference chip procurement.

Simultaneously, Microsoft is evaluating the integration of a fine-tuned version of the Chinese open-source model DeepSeek V4 into its enterprise AI tool Copilot Cowork as a cost-effective alternative to pricier closed-source options.

Adding to the long-term outlook, Bank of America's latest forecast projects global AI capital expenditure to reach $1.7 trillion by 2030, with China accounting for approximately $330 billion, suggesting sustained, decade-long investment rather than short-term stockpiling.