Visual China Group (000681.SZ) subsidiary plans to invest RMB 30 million in an artificial intelligence venture capital fund.

Visual China Group (000681.SZ) announced that its wholly owned subsidiary, Beijing Huaxia Vision Technology Group Co., Ltd. ("Beijing Huaxia"), intends to invest RMB 30 million of its own funds alongside Beijing Huagai Chuangying Private Equity Fund Management Co., Ltd. in Xin Xin Xiang Rong (Tianjin) Artificial Intelligence Venture Capital Partnership (Limited Partnership) (the "Xin Xin Xiang Rong Fund"). The total committed capital of the Xin Xin Xiang Rong Fund is RMB 144 million, with Beijing Huaxia acting as a limited partner and committing RMB 30 million, representing a 20.91% interest.

Zhitong FinanceJun 4 18:35

A-Share Market Close: Trading volume shrank to RMB 444.4 billion! ChiNext Index fell over 2%, STAR 50 Index dropped 5%, while coal sector surged against the market trend.

Gelonghui, June 1 | China's three major A-share indices continued to decline today. As of the market close, the Shanghai Composite Index fell 0.27% to 4,057 points, the Shenzhen Component Index dropped 1.51%, the ChiNext Price Index declined 2.15%, and the STAR 50 Index plunged 5%. Total market turnover amounted to RMB 2.9 trillion, down RMB 444.4 billion from the previous trading day. Over 3,700 stocks advanced, while nearly 1,700 declined. In sector performance, semiconductor and integrated circuit manufacturing stocks extended their losses, with Saiwei Electronics falling more than 11%; fiberglass manufacturing weakened, with Sinoma Science & Technology hitting its daily trading limit down; CPO and optical communication sectors collectively retreated, with Hongban Technology reaching its daily limit down and Changxin Bochuang dropping nearly 12%; fiber optic-related stocks...

Gelonghui FinanceJun 1 15:03

Express News | Midday Commentary: The ChiNext Index fell nearly 1% in the first half of the day, while AI application stocks and the coal sector staged a broad rally.

BreakingsJun 1 11:32

Express News | AI application-related stocks gained ground against the market trend, with Visual China and others hitting the daily trading limit.

BreakingsJun 1 09:42

Visual China Group Subsidiary's Venture Fund Completes AMAC Registration

MT NewswiresMay 25 18:17

The rotation of AI applications, coupled with favorable policy support, has driven the ChinaAMC Media ETF (516190) up by 2%. The largest ChinaAMC Gaming ETF (159869) has attracted over 500 million yuan in investment over the past 20 days.

Gelonghui, May 19 | At the opening of trading today, the AI hardware sector experienced a broad-based pullback, while the AI application sector showed strong activity. The media and gaming sectors led the gains, with Huaxia Media ETF (516190) rising 1.99%, and its real-time turnover rate reaching 9.73%. Huaxia Gaming ETF (159869) increased by 1.36%, with a trading volume of 236 million yuan, and an accumulated inflow of 523 million yuan over the past 20 days. The strength of the sector today was driven by multiple positive factors: First, the performance and product results of industry leaders were impressive. Tencent's Q1 2026 financial report showed that its domestic and international gaming revenues grew by 6% and 13% year-on-year, respectively.

Gelonghui FinanceMay 19 10:18