HK Stock Market Move | BIREN TECH (06082) rose nearly 8% in the afternoon. The company is a leading domestic GPGPU manufacturer and is expected to enter the Hong Kong stock connect next month.

BIREN TECH (06082) rose nearly 8% in the afternoon, up 7.2% as of the time of publication, at HK$52.4, with a transaction amount of HK$3.63 billion. On the news front, Hang Seng Index Company announced the results of its quarterly review, with BIREN TECH being included in the Hang Seng Composite Index. The change will take effect on June 8. In addition, the company is expected to become a target for the Stock Connect program, as it meets a series of standards including market value and liquidity, allowing mainland investors to trade directly through the Shanghai-Hong Kong Stock Connect. CITIC Securities International released a research report stating that BIREN TECH, as a leading domestic GPGPU manufacturer, will benefit greatly from the exponential growth in China's AI computing power demand. A recent report by Lyon stated that China's computing power shortage is expected to last at least until 2027, and BIREN TECH is set to benefit from the imbalance of supply and demand and the trend towards domestic production, standing out with its strong delivery capabilities.