Changes in Hong Kong stocks | Some PV stocks surged, Xinte Energy (01799) rose more than 5%, and the General Administration of Market Regulation launched price competition order compliance guidance for the photovoltaic industry

The Zhitong Finance App learned that some PV stocks were higher. As of press release, GCL New Energy (00451) rose 6.76% to HK$0.79; Xinte Energy (01799) rose 5.22% to HK$7.66; GCL Technology (03800) rose 2.75% to HK$1.12; and Xinyi Solar (00968) rose 1.32% to HK$3.06.

According to the news, the General Administration of Market Regulation recently launched price competition order compliance guidance for the photovoltaic industry in Hefei, Anhui. The General Administration of Market Regulation will strictly investigate and punish illegal acts through measures such as strengthening product quality supervision and strengthening price and anti-unfair competition enforcement, effectively maintain a fair competition order in the market, and promote the standardized, healthy and sustainable development of the photovoltaic industry.

Huafu Securities believes that the short-term purpose of this move is to crack down on illegal acts such as price collusion and maintain fair order; in the long term, it is to guide the industry from homogenizing competition at low prices to a healthy development path of technological innovation and high quality and high prices. This has created a more favorable environment for leading companies with technological and cost advantages, and resonates with the recent market behavior of silicon wafer companies to raise prices in collaboration. Competition rules in the industry are being reshaped, and high-quality development has become a clear direction.