MiniMax shares climbed sharply on Thursday, finishing the session up 19.2% at HK$302.6 after the company was officially added to the Hong Kong Stock Connect eligible securities list on the same day. The move formally grants mainland Chinese investors the ability to purchase MiniMax through the Southbound trading link for the first time.
Both the Shanghai Stock Exchange and the Shenzhen Stock Exchange confirmed adjustments to their eligible securities lists, and the exchanges indicated the changes will take effect on August 6, 2026. That formal confirmation cleared a key procedural step for cross-border access to the stock.
Local financial media estimates, cited by market observers, suggested the initial day of inclusion could attract at least HK$1 billion in allocation funds to MiniMax alone. Those same estimates note that total incremental inflows could significantly exceed that first-day figure over time, although the reporting frames these numbers as projections rather than guaranteed outcomes.
Market sentiment around the stock was further supported by product news from the company. MiniMax this week released an open-source model named H3, which reportedly signed up more than 100 domestic and international partners within 24 hours of its launch. The partner list spans multiple ecosystem segments, including chip manufacturers and application partners, according to the company notice.
The stock’s appreciation came even as the broader Hong Kong market was under pressure. MiniMax outpaced a near 2% decline in the Hang Seng index, making its gains notable against the wider market downturn on the day.
Context and implications
The Stock Connect inclusion directly opens a channel for mainland capital into MiniMax through Southbound trading. The rapid partner uptake for the H3 model provides an additional positive backdrop cited by market participants. At the same time, estimated inflows reported in local media are framed as potential amounts rather than confirmed allocations.
Data and confirmations
Key factual points in play are straightforward: the 19.2% price rise to HK$302.6; formal addition to the Hong Kong Stock Connect eligible list confirmed by Shanghai and Shenzhen exchanges; the effective date of August 6, 2026; media estimates of at least HK$1 billion in first-day allocations; and the H3 model securing more than 100 partners within 24 hours of launch.