Northbound Investors Net Buy HK$14.194 Billion on July 8; Zhitong Finance Reports Zhipu AI Considering Custom AI Chip Development

According to Zhitong Finance, on July 8, Northbound investors made net purchases of 14.194 billion Hong Kong dollars in Hong Kong stocks. Shanghai-Hong Kong Stock Connect saw net inflows of 7.03 billion, while Shenzhen-Hong Kong Stock Connect received 7.164 billion.

Zhipu AI (02513) was the most-bought stock among Northbound investors with net purchases of 4.329 billion Hong Kong dollars. Citing foreign media reports, Zhitong Finance stated that amid surging demand for GLM-series AI models, Zhipu is evaluating the possibility of developing custom chips. Additionally, China's Securities Regulatory Commission website showed that Zhipu's A-share IPO guidance status has changed to "mentoring work completed." The company aims to list on the STAR Market in Shanghai.