Hong Kong Stock Market Movement | Xunce(03317) surged over 12% in the afternoon to a new high. The company was included in the Hang Seng Composite Index and is expected to be eligible for Hong Kong Stock Connect next month.

Zhitong Finance APP has learned that Xunce (03317) surged over 12% in the afternoon, reaching a high of HKD 79.65, setting a new listing high. As of the latest report, it increased by 7.97% to HKD 76.5, with a trading volume of HKD 36.5727 million.

On the news front, on February 13, Hang Seng Indexes announced the quarterly review results, and Xunce was included in the Hang Seng Composite Index. The related changes will be implemented after the market close on March 6 and will officially take effect on March 9. This move means Xunce is expected to become a constituent of the Stock Connect, attracting more domestic funds.

Notably, recently, Guotai Haitong Securities initiated coverage of Xunce for the first time, giving it a “Buy” rating with a target price of HKD 104.78, corresponding to a target market capitalization of HKD 33.8 billion. During this critical period when AI large models are shifting from general capabilities to vertical scene deepening, research reports analyze that Xunce Technology, with its core “data stream” capability, is replicating the “Chinese version of Palantir” model across multiple fields from asset management to other sectors.