Hua Hong Group has a new leader! Qin Jian, Chairman of Shanghai United Investment, takes over and will promote the "integrated" Global Strategy layout of Dahua Hong.

① Today, the Shanghai Municipal People's Government issued a notice indicating the removal of Zhang Suxin from the position of Director of HUA HONG GROUP, and Qin Jian, Chairman of Shanghai Lianhe Investment, will take over; ② Zhang Suxin is 60 years old and during her 8 years at HUA HONG GROUP, the 12-inch production line of HUA HONG SEMI was established and listed on the Star, with the number of employees in the group exceeding ten thousand.

cls.cnDec 20 19:47

Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;

Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;

Futu NewsDec 20 16:23

Express News | The Hang Seng Index closed down 0.16%, while the Hang Seng TECH Index rose 0.11. Chip stocks strengthened, with Semiconductor Manufacturing International Corporation gaining over 8%, HG SEMI rising nearly 7%, SOLOMON SYSTECH and HUA HONG SEMI increasing m

BreakingsDec 20 16:10

What happened? Hong Kong stocks in the Technology and semiconductor sectors suddenly surged, with Semiconductor Manufacturing International Corporation skyrocketing by over 10%.

According to market rumors, the USA may introduce a new update to AI export controls in the next few days, which is said to possibly involve two aspects. One is the implementation of licensing requirements for the contract manufacturing of 7nm chips. The other is the establishment of global export restrictions for GPUs, meaning in the future, non-allied countries may only be able to purchase from companies on the VEU whitelist.

Brokerage ChinaDec 20 12:44

Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.

Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;

Futu NewsDec 20 12:09

Funds continue to flock to the market! The Hong Kong stock market's semiconductor sector further rises: HG SEMI increases by over 12%, Semiconductor Manufacturing International Corporation rises by over 10%.

On December 20th, Gelonghui reported that recent AI product launches and updates from ByteDance, ChatGPT, Google, and others have led to renewed enthusiasm for the semiconductor Sector among market investors. Hong Kong stocks in the semiconductor Sector further surged during the day, with CONTEL rising over 35%, HG SEMI rising over 12%, Semiconductor Manufacturing International Corporation rising over 10%, SOLOMON SYSTECH rising over 7%, BRAINHOLE TECH and HUA HONG SEMI rising nearly 7%, SHANGHAI FUDAN rising nearly 6%, CE HUADA TECH rising over 3%, and INGDAN rising over 1%. Industry insiders believe that the trend toward self-controllable semiconductor Industry is inevitable, with the acceleration of domestic manufacturing.

Gelonghui FinanceDec 20 11:52