HK Stock Market Move | Photovoltaic stocks collectively rose, with 17 companies in the photovoltaic industry capacity reduction plan having already signed on, likely leading the industry's supply-side reform.

Photovoltaic stocks collectively rose, as of the time of writing, XINTE ENERGY (01799) rose by 8.75%, to 8.58 Hong Kong dollars; GCL TECH (03800) rose by 6.06%, to 1.39 Hong Kong dollars; XINYI SOLAR (00968) rose by 3.83%, to 3.8 Hong Kong dollars; FLAT GLASS (06865) rose by 2.39%, to 12.44 Hong Kong dollars. On the news front, according to a report by Shanghai Securities News, during the airing of the program "Economic Half Hour" on CCTV Financial Channel on October 28, Zhu Gongshan, chairman of GCL Group, mentioned the joint storage capacity of domestic photovoltaic leading companies, stating: "I met with TCL Chairman Li Dongsheng, and I also communicated with Zhong Baoshen, the president of LONGi Green Energy Technology. Basically, 17 leading companies have all signed the agreement." Shenwan Hongyuan Group released a research report stating that polycrystalline silicon is the core leverage to combat 'internal circulation', and the establishment of a joint platform will help accelerate the reform of the supply side of polycrystalline silicon. The fight against 'internal circulation' continues to progress, with industry prices and profitability showing significant improvement. By the third quarter of 2025, the polycrystalline silicon industry began raising prices in compliance with the regulation of "selling no lower than the cost," gradually recovering above the comprehensive cost line.