(Yicai Global) June 18 -- Driven by Shanghai's roadmap for the development of the artificial intelligence industry, related shares in China's stock market rose sharply today.

At the close, Yuanda Intellectual Industry Group [SHE:002689] rose by the daily allowed limited to CNY4.57(USD0.66), Chengdu Information Technology from the Chinese Academy of Sciences [SHE:300678] rose by its daily limit to CNY26.28, Baofeng Group [SHE:300431] rose by the daily limit to CNY6.94. SGSG Science & Technology [SHE:300561] rose by the daily limit to CNY15.93 and Iflytek [SHE:002230] rose 5.48 percent, to CNY30.59.

The Shanghai Municipal Government announced at a press conference today that it was preparing a roadmap for the development of AI, and forming a hub in Shanghai.