JF SMARTINVEST (09636) surged over 4%. As of press time, the stock was up 4.07% to HK$74.2, with trading turnover reaching HK$365 million.

On the news front, on August 15, a ceremony was held in Shanghai for JF SMARTINVEST's subsidiary JF SmartEngine to join the "Model Speed Space" collaborative initiative. As a national AI "leading goose" platform, "Model Speed Space" serves as the core vehicle for Shanghai's efforts to build a global artificial intelligence hub with a "leading goose effect", carrying the national mission of constructing a closed loop of "technology-industry-application" for large-scale models.

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

Additionally, the Shanghai Composite Index has recently hit new highs, and the market's active trading momentum is rapidly transmitting to frontline securities firms. CINDA Securities noted that as a leading enterprise in the fintech and services industry, the company has rapidly opened up the market with its innovative and efficient business model and solid investment education content, and is expected to continuously benefit from future wealth growth among domestic retail investors. Furthermore, the company's new round of placement directly targets stablecoins and RWA (Real World Assets), potentially opening up a second growth curve.