HK Stock Market Move | HQVT (01392) rose more than 21% in early trading as the company was included in the Hang Seng Composite Index, and it is expected to become a Hong Kong Stock Connect eligible stock in the future.
Haijing Zhiyuan (01392) rose more than 21% in early trading and, as of the time of writing, is up 18.89%, priced at HKD 24.8, with a trading volume of HKD 13.3422 million.
HQVT (01392) surged over 21% in the morning session, and as of the time of this report, it is up 18.89%, trading at HK$24.8 with a trading volume of HK$13.34 million.
In terms of news, on August 21, the Hang Seng Index Company announced the results of its quarterly review, in which HQVT was included in the Hang Seng Composite Index. The related changes will be implemented after the market closes on September 4 (Friday) and will take effect from September 7 (Monday). At that time, the Shanghai and Shenzhen Stock Exchanges will adjust the scope of investable Hong Kong stocks under the Stock Connect accordingly. HQVT may be included in the Stock Connect, as it meets a series of standards including market capitalization and liquidity.
Notably, on July 31, HQVT released a significant technical catalyst: it has completed the migration of its large model to the NVIDIA Jetson edge platform, eliminating reliance on high-performance servers, significantly reducing customer deployment costs, and opening up market space for standardized products for small and medium-sized customers, becoming a key driver for short-term valuation recovery.
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