HK Stock Market Move | Photovoltaic stocks across the board fell, the Market Supervision Administration called in leading companies and industry associations for talks, and photovoltaic storage faced an anti-monopoly storm.

Photovoltaic stocks have fallen across the board. As of the time of publication, XINTE ENERGY (01799) fell by 3.23% to 7.19 Hong Kong dollars; XINYI SOLAR (00968) fell by 1.55% to 3.18 Hong Kong dollars; FLAT GLASS (06865) fell by 1.35% to 10.2 Hong Kong dollars. According to Securities Times, on January 8, a leaked meeting summary revealed that the Beijing Market Supervision Administration had summoned the China Photovoltaic Industry Association, Tongwei Co., Ltd., GCL TECH, Xinjiang Daqo New Energy, XINTE ENERGY, Asia Silicon, and Dongfang Hope. The meeting mainly addressed the notification of monopoly risks, provided clear rectification opinions, and demanded that companies make rectification efforts. A reporter from China Securities Journal verified with industry insiders that the meeting did take place. The Market Supervision Administration required the China Photovoltaic Industry Association and the companies summoned to not agree on production capacity, capacity utilization rate, production and sales volume, and sales price; not to divide the market, allocate production, or distribute profits through investment ratios; and not to communicate or coordinate on prices, costs, production and sales volume, etc. The Market Supervision Administration also required the association and the summoned companies to submit written rectification measures to them before January 20.