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A-Share Market Movement | Zhejiang's significant policy support boosts brain-computer interface stocks, with Innovation Medical hitting the daily trading limit
Gelonghui, August 12 — Brain-computer interface (BCI)-related stocks in China’s A-share market collectively rose, with Aipeng Medical surging nearly 11%, Innovation Medical hitting the 10% daily trading limit, Sanbo Brain Hospital climbing over 5%, and Dongfang Zhongke, Wisder Medical, and Shengxun Shares each gaining more than 4%. Boji Pharma, Yanshan Technology, and Xiangyu Medical advanced over 3%. On the news front, the General Office of the Zhejiang Provincial People’s Government issued a notice titled “Several Measures on Promoting Industry-Academia-Research Collaboration in Brain-Computer Interfaces,” which emphasized strengthening financial support. It called for leveraging the provincial “4+1” special funds and the Zhejiang Social Security Sci-Tech Innovation Fund to actively provide market-oriented support to promising BCI enterprises and high-quality R&D pipelines.
[Data Snapshot] Over RMB 2 billion in funds flowed into leading computing power hardware stocks, with the Beiyihuan Road trading seat buying RMB 179 million worth of Yanshan Technology.
① Eoptolink Technology received purchases totaling RMB 1.996 billion from five institutional investors, with an additional RMB 255 million bought via Shenzhen-HK Connect; Zhongji InnoLight saw RMB 17.5 billion in purchases from three institutional investors, along with RMB 10.28 billion acquired through Shenzhen-HK Connect. ② Brain-computer interface (BCI) stocks surged against the market trend today, with Yanshan Technology hitting its daily trading limit, supported by RMB 1.79 billion in purchases from Guotai Junan Securities’ Chengdu North Yihuan Road Branch.
Latest foreign institutional portfolio adjustments revealed: Goldman Sachs, JPMorgan Chase, and Morgan Stanley favor small- and mid-cap stocks, while Abu Dhabi maintains its positions in the two leading panel makers.
① Since Q2, foreign investment banks have focused on structural opportunities such as smart grids and AI-driven technological transformation, showing a preference for small- and mid-cap stocks; ② Several investment banks have newly entered the top ten tradable shareholders of Jinli Huadian (a smart grid stock) and XingSen Technology (a PCB stock), while institutional investors exhibited notable divergence in position adjustments for auto parts exporters and veterinary drug companies; ③ The Abu Dhabi Investment Authority remains among the top ten tradable shareholders of BOE Technology and TCL Technology, maintaining its long-term core positions in the display industry’s 'twin leaders.'
Shanghai Stonehill Technology Completes Cancellation of Repurchased Shares
Shanghai Stonehill Technology (SHE:002195) completed the cancellation of more than 4 million repurchased shares, according to a Tuesday filing with the Shenzhen bourse.The shares comprised 0.07% of
Yanshan Technology (002195.SZ): Completed Initial Repurchase of 4.0119 Million Shares; Repurchase Program Fully Implemented
Gelonghui, June 4 — Yanshan Technology (002195.SZ) announced that on June 4, 2026, the company conducted its first share repurchase through a dedicated repurchase securities account via centralized bidding transactions. The number of shares repurchased was 4.0119 million, representing approximately 0.07% of the company's total share capital. The highest transaction price was RMB 7.49 per share, and the lowest was RMB 7.45 per share, with a total payment amounting to RMB 30 million (excluding transaction fees). The actual amount used for the repurchase has reached the lower limit of the total repurchase funds specified in the repurchase plan and does not exceed the upper limit. The repurchase plan has now been fully implemented.
The Media ETF rose, with institutions believing that major tech companies' efforts will likely accelerate the implementation of AI applications.
The media sector rose, with the GF Media ETF, Penghua Media ETF, and Huaxia Media ETF all gaining over 1%. The Media ETF tracks the CSI Media Index, with major components including Focus Media, Blue Focus, Yanshan Technology, Giant Network, Leo Group, Kunlun Wanwei, Sanqi Interactive, Kaiying Network, Enlight Media, and Chinese Online. The Huaxia Media ETF tracks the CSI Cultural and Entertainment Media Index, covering a group of advertising technology companies and AI application leaders. Internet giants Tencent and Alibaba-W released their financial reports, continuing to increase investment in AI. Guotai Haitong Securities noted that under the efforts of major internet companies, AI applications are advancing.