HK's Shoucheng climbs after unit invests in AI, medical device firms

Shoucheng Holdings

12/03/2025 02:34

** Shares of fund management group Shoucheng Holdings Ltd 0697.HK climb 4.2% to HK$1.75, their biggest intraday pct gain since March 6

** Shoucheng says subsidiary-managed Beijing Robot Industry Development Investment Fund has invested in AI firm Xinghaitu (Beijing) AI Technology and ophthalmic medical devices developer TowardPi (Beijing) Medical Technology, accelerating product iteration and enhancing their competitiveness

** Co says it will expand its strategic investments in the robot industry

** Hang Seng Tech Index .HSTECH slips 0.4% and Hang Seng Index .HSI eases 0.3%

** Shoucheng stock up 55.6%, YTD

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))