YIXIN (02858) surged over 12% in late trading. As of press time, the stock was up 11.6% to HK$2.79, with trading volume reaching HK$142 million.

On the news front, on August 12, the Ministry of Finance, People's Bank of China, and National Financial Regulatory Administration jointly issued the "Implementation Plan for Fiscal Interest Subsidy Policy on Personal Consumer Loans," providing fiscal interest subsidies for qualifying personal consumer loans. The plan offers a 1 percentage point subsidy, covering key consumption areas including household automobiles with single transactions above HK$50,000, as well as general consumption below HK$50,000.

Guotai Junan Securities highlighted its recommendation for YIXIN, a leading company in the auto finance sector, noting that the company has deep market positioning in auto finance segments, and the policy support for household automobile consumption will directly drive its business growth.

Additionally, YIXIN recently made its debut at the World Artificial Intelligence Conference (WAIC) 2025, showcasing a series of AI innovations in the auto finance sector, attracting significant attention from both industry and external observers. Zhang Lei, YIXIN's Chief AI Scientist and Senior Vice President, revealed at the conference that the company's self-developed industry-first Agentic large model has entered the critical development phase with good progress.

He stated that based on current testing results, the Agentic model has achieved breakthroughs in dynamic decision-making, enabling the auto finance business to eliminate manual dependencies and realize full-chain intelligence and automation, bringing business processing efficiency into the "second-level era."