<div id="readability-page-1"><div><p><span>The Shanghai Composite edged up 0.1% to around 4,135, while the Shenzhen Component climbed 0.4% to 14,220 on Thursday, as mainland equities extended this week’s gains, led by technology and artificial intelligence firms. The momentum followed Chinese Premier Li Qiang’s call on Wednesday for a comprehensive push in technological innovation and AI applications, urging breakthroughs across the entire AI industry chain to unlock the sector’s potential.</span></p><p><span>AI start-up Zhipu AI surged nearly 20% after unveiling its latest AI model.</span></p><p><span>Other notable gainers included Suzhou TFC Optical (+8.9%), Wangsu Science &amp; Technology (+6.3%), Leo Group (+5.8%) and BlueFocus Intelligent (+2.5%).</span></p><p><span>Separately, reports indicate that ByteDance is developing its own AI chip, adding to optimism around the country’s growing AI ecosystem.</span></p></div></div>

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<p>China's stock market saw gains on Thursday, with the Shanghai Composite rising 0.1% to approximately 4,135 and the Shenzhen Component increasing by 0.4% to 14,220. This upward trend was driven by technology and AI firms, following Premier Li Qiang's call for advancements in AI innovation. Notable stock increases included Zhipu AI (+20%), Suzhou TFC Optical (+8.9%), and others. Additionally, ByteDance's development of an AI chip further fueled optimism in the AI sector.</p>

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China Stocks Rise on AI Optimism