Hong Kong AI dual stars Zhipu and MiniMax surge to new highs after inclusion in the Hang Seng Tech Index
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The fear and greed index sentiment improved as Hong Kong’s AI dual stars, Zhipu (02513.HK) and MiniMax (00100.HK), reached new highs on May 27 following their inclusion in the Hang Seng Tech Index. Zhipu closed up 5.95% at HKD 1,425.00, touching HKD 1,468.00, while MiniMax surged 10.53% to HKD 850.00, reaching HKD 856.00. The official index inclusion on June 8 attracted passive funds and long-term investors. Both companies have made recent advancements in technology and commercialization, with Zhipu launching the GLM-5.1 API and MiniMax introducing M3 sparse attention and M2 series reports. Altcoins in the AI sector are gaining momentum as the market responds positively.
ME AI News: According to monitoring by Beating, on May 27, the large model sector in Hong Kong’s stock market continued to strengthen, with Zhipu (02513.HK) and MiniMax (00100.HK)—known as Hong Kong’s “AI Duo”—posting significant gains. At closing, Zhipu rose 5.95% to HK$1,425.00, reaching a intraday high of HK$1,468.00, setting a new all-time high since its listing, with a total market cap of HK$635.326 billion and a daily trading volume of HK$1.379 billion. MiniMax surged 10.53% to HK$850.00, hitting an intraday peak of HK$856.00, with a total market cap of HK$266.59 billion and a daily trading volume of HK$2.757 billion.
The recent quarterly review results announced by the Hang Seng Index Company served as the primary catalyst for capital inflows. The results, released after market close on May 22, confirmed that Zhipu and MiniMax were officially included in the Hang Seng Tech Index, with the changes set to take effect on June 8. Market analysts noted that the anticipation of index inclusion directly boosted market attention and attracted early buying from passive index funds and long-term institutional investors, providing strong liquidity support.
Beyond the index inclusion effect, both companies have recently made frequent advancements in technology and commercialization, reinforcing their valuation floor. Zhipu recently launched the GLM-5.1 High-Speed API, significantly surpassing industry benchmarks for model output speed. MiniMax has continuously unveiled previews of its M3 Sparse Attention (MSA) technology and released a comprehensive 35-page technical report on its M2 series, demonstrating key technological improvements in long-context processing and agent training systems, while maintaining one of the highest global model invocation volumes. As the only scarce core large model assets in Hong Kong’s market, both companies are experiencing further valuation expansion driven by the synergy of technological momentum and capital allocation.
(Source: BlockBeats)
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