Shares of Chinese cloud technology firms rose after Shenzhen’s Longgang district sought public feedback on a draft policy to encourage tools using the open-source AI agent OpenClaw.
The draft policy provides subsidies of up to 2 million yuan ($288,986) for application development and encourages professional platforms to offer free deployment services. The development highlights a direct correlation between local government incentives and stock market performance for regional technology providers.
On March 9, shares of UCloud Technology Co., QingCloud Technologies Corp., and Hangzhou Shunwang Technology Co. rose by at least 9%. The gains occurred while the CSI 300 Index fell as much as 2.4%. Local startups and cloud providers, including Tencent, Alibaba, and Baidu, launched hosting and deployment tools for OpenClaw.
China’s Ministry of Industry and Information Technology warned that some OpenClaw deployments could pose security risks due to improper configurations. Analysts stated the tool shows real-world AI adoption but cautioned that productivity claims need verification.
According to Bloomberg, the draft policy in Longgang district seeks public feedback on encouraging OpenClaw usage.
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