Chinese artificial intelligence stocks rose on Thursday as several companies rolled out upgraded models and top policymakers renewed calls for wider adoption of the technology.

Chipu Artificial Intelligence listed in Hong Kong – trading name Knowledge graph technology — surged 30% after the release of GLM-5, an open source large language model with enhanced encoding capabilities and long-running agent tasks.

The company calls the model Close to Anthropic’s Claude Opus 4.5 In coding benchmarks, it also outperformed Google’s Gemini 3 Pro in some tests. CNBC could not confirm these claims.

min max Hong Kong stocks rose 11% on Wednesday Launched updated version M2.5 Open source model with enhanced artificial intelligence agent tools, on its overseas website.

The company describes M2 as “a model built for Max encoding and proxy workflows.”

The gains come amid growing competition in the artificial intelligence space, with Chinese developers racing to launch a slew of new models and agents to take on U.S. rivals.

DeepSeek, which took the world by storm last year, also upgraded its flagship AI model on Wednesday, adding support for a larger context window and more up-to-date knowledge, according to a company. Report From the South China Morning Post.

Ant Group also released its open source artificial intelligence model Ming-Flash-Omni 2.0 on Wednesday. The “Unified Multimodal Model” is capable of generating speech, music, sound effects and visual effects.

The news also boosted investor confidence in suppliers of artificial intelligence companies. The stock price of UCloud Tech, a Shanghai-listed company that provides computing support for Zhipu, soared 20% and hit the daily limit.

SenseTime has shifted its focus from developing facial recognition surveillance technology to providing an artificial intelligence software platform, and its shares rose 5% in Hong Kong.

The Shanghai Science and Technology Artificial Intelligence Industry Index rose 1.7% and then fell back.

Chinese Prime Minister Li Qiang on Wednesday Call for comprehensive advancement “Implementing artificial intelligence in different scenarios to unlock the technology’s potential”.

The rebound in AI startups comes amid a broader downturn for Chinese tech giants that also have AI units. shares Tencent and Alibaba fell 2.6% and 2.1% respectively. Hong Kong’s Hang Seng Technology Index fell 1.7%.