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According to the 'Research Report on the Development of AI Infrastructure in the Age of Intelligent Agents (2026)' released by the China Telecom Research Institute, as the AI industry transitions from a focus on large-scale models and computing power competition to the widespread deployment of intelligent agents and application monetization, there has been an explosive surge in demand for tokens in China. Consequently, a local race for the "token economy" has quietly commenced, with several listed companies on the A-share market already making significant strides in this sector. Statistics reveal that as of the market close on September 11, share prices of 11 token economy concept stocks have risen this year. Notably, Xingyun Technology, Grandview Technology, Heung Kong Holdings, and Co-create Data have all experienced a value increase of over 100%.
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