As the market anticipated production cuts in photovoltaic glass industry in Mainland China, related photovoltaic stocks listed in Hong Kong FLAT GLASS (06865.HK) +0.260 (+2.653%) Short selling $23.51M; Ratio 14.059% shot up 11.6% to HKD9.84; XINYI SOLAR (00968.HK) +0.130 (+4.727%) Short selling $111.74M; Ratio 20.052% and XINTE ENERGY (01799.HK) +0.240 (+4.196%) Short selling $4.34M; Ratio 14.718% each jumped up 7.6% and 8.8%; and XINYI GLASS (00868.HK) +0.050 (+0.604%) Short selling $31.79M; Ratio 22.254% rallied 5.8%.The main glass futures contract added 6% to RMB1.048 per ton, Chinese media reported. Leading domestic photovoltaic glass companies, according to smm.cn, plan to collectively axe production by 30% starting in July to break the “involution” competition. Related NewsDaiwa Negative on CN PV Industry, Reiterates Underperform for FLAT GLASS/ XINYI SOLARThe mechanical equipment team at Guolian Minsheng Securities assumed that prices at various stages of the industry chain are at historical lows, and the industry is in a clearing process of excess supply, Cailian Press reported. Coupled with photovoltaic policies exerting force from both the supply and demand sides, the industry is expected to see supply-demand improvement by 2025.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)