Three Chinese cloud and enterprise software firms rose by at least 9% on March 9 while the CSI 300 Index fell as much as 2.4%.
The stock movement follows a draft policy from Shenzhen’s Longgang district that seeks public feedback to encourage tools using the open-source AI agent OpenClaw. The surge highlights market sensitivity to local government support for artificial intelligence technologies despite broader index declines.
Longgang’s draft policy encourages professional platforms to offer free OpenClaw deployment services. The policy provides subsidies of up to 2 million yuan ($288,986) for application development, according to the district government. UCloud Technology Co., QingCloud Technologies Corp., and Hangzhou Shunwang Technology Co. recorded the gains.
Local startups and cloud providers launched hosting and deployment tools for the software. Companies including Tencent, Alibaba, and Baidu introduced these services.
China’s Ministry of Industry and Information Technology warned that some OpenClaw deployments could pose security risks due to improper configurations. Analysts said the tool demonstrates real-world AI adoption but cautioned that productivity claims require verification.
