1022 GMT - China's AI development is moving from policy ambition to commercial reality, BofA Securities says in a research note. "Domestic capabilities and adoption are advancing despite gaps in leading-edge hardware, while improvements in model efficiency and system optimization could support commercial viability before full technological self-sufficiency," the bank says. Tech progress and high-profile listings could expand China's "investable AI universe," it adds. This offers diverse business opportunities across the domestic AI industry and global supply chains, BofA says.