HK Stock Market Move | Photovoltaic stocks continue to rebound, with Flat Glass (06865) rising more than 6% and GCL Tech (03800) rising more than 4%.

Photovoltaic stocks continue to rebound. As of the time of writing, FLAT GLASS (06865) rose by 6.26%, to 10.19 Hong Kong dollars; XINYI SOLAR (00968) rose by 4.89%, to 3.43 Hong Kong dollars; XINTE ENERGY (01799) rose by 4.31%, to 6.53 Hong Kong dollars; GCL TECH (03800) rose by 3.64%, to 1.14 Hong Kong dollars. On the news front, according to reports from Caixin, prices in the photovoltaic industry chain have shown some recovery, but the industry also realizes that the current temporary imbalance between supply and demand has not completely improved. How to consolidate the achievements of countering "internal consumption" and promote the industry's transition from price competition to high-quality development has become a focus of attention for representatives and members of the energy sector this year. Representatives of top photovoltaic companies have mentioned measures to counter "internal consumption" in their relevant suggestions. JPMorgan Chase released a research report stating that the anti-"internal consumption" actions in the photovoltaic industry have seen an expected negative turn. The spot price of polysilicon, which was higher than 50 Chinese yuan per kilogram in February, fell to 48 yuan in early March. The bank believes this is due to the unclear definition of "production cost" in the Price Law, leading some producers to sell off inventory at lower prices under cash flow pressure. The bank believes that regardless of the policy path, industry consolidation will be promoted, it's only a matter of time.