HK Stock Market Move | PHANCY (06682) rose over 4% in the late trading session as the company leads a smart body innovation project in Beijing to build an enterprise-level ecological platform.

PHANCY (06682) rose nearly 6% during the trading session, and as of publication, it is up 4.09% at HKD 30.54, with a trading volume of HKD 134 million. In terms of news, PHANCY recently launched an intelligent agent innovation project as the leading entity, supported by the technology department of Beijing. The project focuses on innovation in intelligent agent technology and its industrial applications, advancing the research and development of enterprise-level intelligent agent technologies and ecological platforms for the industry. The project has an investment of nearly 70 million yuan and aims to build a complete software stack that supports the operation, management, and ecology of intelligent agents, creating an intelligent agent ecological plaza tailored for the industry, along with developing tools and access standards, with the aim of forming an open and collaborative enterprise intelligent agent industry cooperation ecosystem. Notably, PHANCY has recently signed a long-term strategic cooperation agreement with Shanghai Pudong Development Bank. Shanghai Pudong Development Bank will provide PHANCY with a tentative financing support of 3 billion yuan, specifically for the construction of AI computing power infrastructure and core technology iterations. Specifically, this financing will be focused on key areas such as the heterogeneous chip cluster and foundational computing architecture, continuously providing stable funding support for the growth of PHANCY's flagship products like HAMi and ModelHub, as well as for cutting-edge businesses like API and Agentic AI.