From Financial Modeling Prep: 2025-02-18 01:54:21

Chinese tech stocks listed in Hong Kong surged after President Xi Jinping’s meeting with private-sector leaders like Jack Ma and Pony Ma, signaling renewed support for private enterprises amid economic challenges and trade tensions with the U.S. Xi emphasized AI and innovation as key focus areas, boosting confidence in China’s tech sector.

Following Xi’s pro-business stance, Hong Kong’s Hang Seng Index jumped 2.1%, with Alibaba, Xiaomi, Tencent, and other tech giants seeing significant gains. DeepSeek, an AI startup, has gained attention for its cost-effective models, driving optimism in the market. Investors are betting on China’s AI sector for future growth opportunities.

The surge in Chinese AI stocks reflects global AI investment trends, with investors anticipating further government support and innovation incentives. The meeting boosts investor confidence in Chinese tech stocks, although regulatory risks persist. DeepSeek’s success underscores China’s AI ambitions, making AI-focused stocks potential winners in the ongoing U.S.-China AI rivalry.



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