HK Stock Market Move | JINGCHENG MAC (00187) rises by more than 30%, hydrogen energy industry sees positive news again. The company is the listed platform under Jingcheng Electromechanical Holdings Group.

JINGCHENG MAC (00187) afternoon increase exceeded 30%, as of the time of writing, up 30.55%, at 5 Hong Kong dollars, with a turnover of 2.12 billion Hong Kong dollars. On the news front, the hydrogen energy industry is receiving positive news again. On March 6, the National Development and Reform Commission pointed out that the country is promoting the establishment of a "aircraft carrier-level" national venture capital guidance fund. It is reported that the national venture capital guidance fund will attract and drive nearly 1 trillion yuan of local and social capital. The fund will focus on frontier areas such as artificial intelligence, quantum technology, hydrogen energy storage, and cultivate strategic emerging industries and future industries. Minsheng Securities believes that with the dual drive of policy support and market demand, the hydrogen energy industry will enter a period of rapid development, and green hydrogen projects are expected to see a bidding boom in the coming years. In addition, Beijing Jingcheng Machinery Electric is the listed platform of Beijing Jingcheng Machinery Electric Holdings Group, with the actual controller being the Beijing State-owned Assets Supervision and Administration Commission. It is understood that Beijing humanoid Siasun Robot&Automation Innovation Center Limited was established in the Beijing Economic and Technological Development Zone in November 2023, and is the first domestic innovation center focusing on the core technology, product development, and application ecosystem of embodied intelligent Siasun Robot&Automation. The innovation center was jointly established by UBTECH ROBOTICS, Beijing Jingcheng Machinery Electric, Xiaomi Siasun Robot&Automation, and other leading enterprises in the Siasun Robot&Automation industry.