HK Stock Market Move | Zhejiang Shibao (01057) rose by over 12% as the mandatory national standard for advanced autonomous driving is released, which will come into effect on July 1 next year.

Zhejiang Shibao (01057) rose over 12%, and as of press time, it increased by 12.02%, reaching HKD 4.38, with a transaction volume of HKD 61.5788 million. On the news front, the mandatory national standard for "Safety Requirements for Automated Driving Systems of Intelligent Connected Vehicles," organized and formulated by the Ministry of Industry and Information Technology, has been officially approved and will be fully implemented starting July 1 of next year. This standard applies to Class M and N vehicles equipped with L3 and L4 automated driving systems, and it does not apply to automatic parking systems. It establishes a safety requirement system from four dimensions: safety assurance throughout the entire lifecycle, dynamic driving task execution capability, human-machine interaction notification, and multi-dimensional verification and inspection, providing a unified safety access baseline for automated driving products.