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HK-listed photovoltaic stocks broadly outstripped the market today. FLAT GLASS (06865.HK) and blue-chip XINYI SOLAR (00968.HK), reversing two-day declines, last posted at $17.24 and $5.69, a rebound of 4.7% and 4.4%. TRIUMPH NEW EN (01108.HK) last stood at $4.66, up nearly 2.9%.GCL TECH (03800.HK), which made frequent buybacks l...
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China's special envoy for climate change, Xie Zhenhua, noted in a forum that a complete phase-out of fossil fuels is unrealistic because key technologies such as renewable energy development and energy storage are still immature, and the world will continue to rely on fossil fuels to ensure economic growth. China is open to ...
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JPMorgan released a China Equity Strategy report, and stated that the MSCI Hong Kong Index, CSI 300 Index, and the HSI tumbled 0.5%/ 0.8%/ 0.1% over the past week. The 25-bp RRR cut introduced by the People's Bank of China was in line with the expectations. JPMorgan's quantitative business cycle reading for China in Augu...
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Goldman Sachs remarked that the majority of solar power firms under its coverage logged stronger-than-expected 2Q23 results, while most wind power stocks fell short of estimates due to enervated shipment volume. For the wind power segment, the broker forecast substantial margin pressure for components and turbines under a challe...
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Chip stocks in Hong Kong generally outperformed today, especially blue chip SMIC (00981.HK) crossed the 10-day MA ($20.4) and peaked at $20.85. SMIC last printed at $20.65, up 4.2%. SMIC (688981.SH) shot up over 3% to RMB52.44.HG SEMI (06908.HK) last printed at $1.08, up 3.8%. HUA HONG SEMI (01347.HK) and SHANGHAI FUDAN (01385.H...
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