HK Stock Market Move | Most photovoltaic stocks are active, anti-enclosure continues to advance, and institutions say there is ample room for sector valuation repair.

Most of the photovoltaic stocks are active. As of the submission, GCL TECH (03800) rose by 5.56% to HK$1.33, XINYI GLASS (00868) rose by 4.46% to HK$9.13, FLAT GLASS (06865) rose by 3.05% to HK$12.15, and XINYI SOLAR (00968) rose by 1.17% to HK$3.45. In terms of news, according to Xinhua News Agency, an article in the 18th issue of "Seeking Truth" magazine published on September 16 mentioned focusing on rectifying the chaos of low-price and disorderly competition in enterprises. The "involution" heavy-hit areas need to be effectively regulated in accordance with the law and regulations. It is also important to better leverage the self-discipline role of industry associations, guide companies to improve product quality, and promote the orderly phase-out of outdated production capacity. In addition, the 2025 China Silicon Industry Conference recently opened in Baotou, with the theme of "technological innovation, collaborative green transformation, industry self-discipline, and harmonious development". Industrial expressed that the photovoltaic industry is at the forefront of "anti-involution", with the industry currently adopting two basic strategies of "raising prices" and "restricting production". Galaxy Securities pointed out that the global photovoltaic growth is steady in the long term, but in the short term, the industry chain has been in imbalance between supply and demand for many years, leading to continuous losses. The sector's chips and fundamentals are clearly bottoming out, and the photovoltaic industry, as one of the industries reconsidered under the domestic "anti-involution" initiative, may accelerate supply clearing through policy relief or technological iteration, offering significant room for valuation repair in the sector.