Shares of HQVT (01392) continued their strong rally on Friday morning, climbing more than 18% after surging nearly 30% in the previous session. As of the time of writing, the stock was up 11.83% at HK$27.60, with turnover reaching HK$102 million.

In terms of news catalysts, the Shenzhen Municipal Bureau of Industry and Information Technology recently released the proposed list of new model service institutions for 2026. HQVT was successfully selected thanks to its self-developed "Zhiyuan Origin Large Model." With this inclusion, qualifying local enterprises in Shenzhen that purchase its multispectral AI services can now benefit from government policy subsidies, which helps lower customer procurement costs, expand order opportunities across more industrial scenarios, and accelerate the commercial penetration of vertical large models.

It's also worth noting that HQVT has been added to the Hang Seng Composite Index and the Stock Connect eligible list, with the changes taking effect on September 7. This inclusion marks a significant capital markets milestone since the company's listing in Hong Kong, and it underscores the market's strong recognition of HQVT's growth prospects and long-term industrial value.