On May 22, the National Development and Reform Commission held a monthly press conference, explicitly stating plans to accelerate the implementation of "AI+" supporting policies and to continuously promote the opening of high-value AI application scenarios by central and state-owned enterprises. This new round of clear policy direction has directly boosted sentiment in the Hong Kong stock market's AI sector. It was noted that AI large model enterprise Zhipu AI (02513) reached an intraday high of HKD 1,341, with a maximum gain of 32.8%. Similarly, HAIZHI TECH GP (02706), which focuses on AI graph-model fusion technology and has drawn market attention, also strengthened, hitting an intraday high of HKD 65.2 with a maximum gain of 18%. The simultaneous significant rise in both companies' stock prices conveys a clear market signal: this round of policy benefits not only favors large model developers but also benefits industrial AI service providers that can genuinely penetrate government and enterprise scenarios and achieve compliant implementation. Companies with trustworthy AI technology, mature experience in serving government and enterprises, and industrial collaboration resources are gaining increased market attention.
For a long time, sectors such as finance, energy, and government affairs within central and state-owned enterprises have represented a high-value-density, strictly regulated, and strong-paying AI market in China. However, due to stringent requirements for data security, content credibility, and result auditability, traditional AI products and general large models have struggled to meet implementation standards, leaving many high-value scenarios underutilized. As a domestic industrial AI service provider, HAIZHI TECH GP has long focused on trustworthy AI implementation for the B-end, deeply cultivating a technological path that integrates graph computing, knowledge graphs, and large models, forming a differentiated core advantage. The company's graph-model fusion system uses knowledge graphs and graph computing capabilities to establish factual constraints and logical frameworks for large models, making AI outputs verifiable, explainable, and traceable. This effectively enhances application reliability in industrial-grade scenarios, better aligning with the core needs of central and state-owned enterprises for security, controllability, information accuracy, and compliance auditing.
By the end of 2025, HAIZHI TECH GP had served over 400 leading industrial clients, covering key areas such as major state-owned banks, large central energy enterprises, and government service platforms. Currently, the company has achieved domestic substitution of graph database products in four large state-owned commercial banks with total assets exceeding RMB 15 trillion and continues to build a system of graph applications and intelligent agent products based on its underlying capabilities. The accumulation of technical strength and project experience is driving the company to further deepen industrial chain collaboration and amplify its implementation advantages. In February 2026, HAIZHI TECH GP signed a strategic cooperation framework agreement with Zhipu AI. Both parties leverage their respective technical strengths to complement each other in model capabilities and industrial implementation, jointly promoting the deployment of AI solutions in central and state-owned enterprise scenarios, effectively enhancing adaptability and project competitiveness in complex industry settings.
Relying on technical barriers and ecosystem collaboration, HAIZHI TECH GP has a clear positioning in the wave of industrial AI scaling. Haitong International issued an initial coverage report in May, defining the company as China's first AI Harness stock—the company's core graph-model fusion technology is precisely the foundational capability of AI Harness (AI adaptation and control), providing logical constraints, compliance management, and scenario adaptation capabilities for general large models, perfectly matching the rigid needs of government and enterprise implementation. The report gave HAIZHI TECH GP an Outperform rating and a target price of HKD 90.7, also noting that the company is expected to be included in the Hong Kong Stock Connect in June. If successfully implemented, this would significantly broaden access for mainland investors and serve as a potential catalyst for liquidity.
The current market places greater emphasis on practical scenarios, customer base, monetization capability, and policy alignment. HAIZHI TECH GP's development logic highly aligns with this trend. As high-value scenarios in central and state-owned enterprises continue to open, the company's years of accumulated technology, case studies, and customer resources will encounter broader implementation opportunities. Businesses such as knowledge graphs, privatized AI solutions, and industrial intelligent agents are expected to steadily expand, providing ample room for future development.
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