JF SMARTINVEST (09636) continued its upward momentum with another surge of nearly 9%. As of press time, the stock was up 7.89% to HK$74.55, with trading volume reaching HK$698 million.

On the news front, on August 15, a ceremony was held in Shanghai to celebrate JF Smart Engine's entry into "Model Speed Space". As a national AI flagship platform, "Model Speed Space" serves as the core vehicle for Shanghai's efforts to build a global artificial intelligence highland with "leading goose effects", carrying the national mission of constructing a closed-loop ecosystem for large models spanning "technology-industry-application".

During the ceremony, JF Smart Engine also signed a strategic cooperation agreement with Tencent Cloud, with both parties set to jointly explore applications and implementations in the AI artificial intelligence sector.

Sinda Securities recently noted that in July, JF SMARTINVEST announced the completion of a strategic placement, achieving multiple times oversubscription and raising the full amount of US$100 million. The firm believes this placement project is expected to strengthen the company's strategic layout in at least two dimensions: enriching business ecosystem by expanding into multiple segments including RWA underlying assets, digital asset exchanges, and custodian banks; global market extension focusing on Hong Kong and the Middle East to expand regional coverage and provide more internationalized revenue sources; and full-chain empowerment by creating a "trading-asset management-investment advisory" closed loop.