On March 9, 2026, Hong Kong-listed stocks related to large AI model concepts experienced a significant afternoon rally. MINIMAX-WP emerged as the standout performer, surging 18% to hit an all-time high in its share price and propelling its total market capitalization beyond HK$300 billion. Meanwhile, Zhipu AI saw a modest 2% gain, Unisound staged a recovery, and Haizhi Technology Group's losses narrowed to just 1%. The surge came amid a flurry of news about government support for OpenClaw, an open-source AI agent project widely nicknamed "Crayfish." Regional authorities in China, including Shenzhen's Longgang District and Wuxi High-Tech Zone, have either announced or already implemented measures to foster the project's development. Notably, Wuxi High-Tech Zone unveiled 12 initiatives to "cultivate the crayfish ecosystem," offering individual grants of up to RMB 5 million to qualifying entities. This policy-driven momentum spilled over into the computing power leasing sector, with Xunce's stock price rocketing 52% higher.
