HK Movers | AI Stocks Surge as China Unveils Ambitious AI Initiative

Tiger Newspress
Aug 27

AI stocks surged in Hong Kong, with Linklogis climbing by 25.45%, Tuya rising by 14.8%, SenseTime increasing by 11%, and Fourth Paradigm up by 10.2%.

China recently issued the "Opinions on Deep Implementation of the 'Artificial Intelligence+' Initiative," proposing the accelerated implementation of six key actions. It clearly stated that by 2027, the extensive and deep integration of AI with six key areas should be achieved, and the application rate of new generation intelligent terminals and intelligent bodies should exceed 70%. By 2030, the application rate of new generation intelligent terminals and intelligent bodies will exceed 90%, and the intelligent economy will become an important growth pole for China's economic development. By 2035, China will fully enter the new stage of intelligent economy and intelligent society development.

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