China Calls on EU to Cease Misuse of Unilateral Economic and Trade Measures Amid GOLDWIND Investigation
EU Investigation of GOLDWIND: The EU has announced an investigation into GOLDWIND (02208.HK), which has led to a significant drop in its stock price and increased short selling activity.
China's Response: Lin Jian, spokesperson for the Ministry of Foreign Affairs of China, criticized the EU's use of unilateral economic measures against Chinese companies, labeling it as protectionism that undermines the EU's image and investor confidence.
Call for Fair Competition: China urged the EU to honor its commitments to market openness and fair competition, demanding an end to discriminatory practices and a more equitable business environment for all companies.
Commitment to Protect Chinese Firms: The Chinese government expressed its determination to protect the legitimate rights and interests of its companies operating in Europe amidst these challenges.
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China Calls on EU to Cease Misuse of Unilateral Economic and Trade Measures Amid GOLDWIND Investigation
EU Investigation of GOLDWIND: The EU has announced an investigation into GOLDWIND (02208.HK), which has led to a significant drop in its stock price and increased short selling activity.
China's Response: Lin Jian, spokesperson for the Ministry of Foreign Affairs of China, criticized the EU's use of unilateral economic measures against Chinese companies, labeling it as protectionism that undermines the EU's image and investor confidence.
Call for Fair Competition: China urged the EU to honor its commitments to market openness and fair competition, demanding an end to discriminatory practices and a more equitable business environment for all companies.
Commitment to Protect Chinese Firms: The Chinese government expressed its determination to protect the legitimate rights and interests of its companies operating in Europe amidst these challenges.
EU Launches Investigation into GOLDWIND for Suspected Unfair Competition Related to Chinese Subsidies
EU Investigation: The EU has initiated an investigation into GOLDWIND, suspecting the company received unfair subsidies from China that disadvantage local EU competitors.
Potential Consequences: GOLDWIND could face fines of up to 10% of its revenue if found guilty of benefiting from these subsidies.
Previous Investigations: This investigation is part of a broader trend where the EU has scrutinized Chinese companies under the Foreign Subsidies Regulation, particularly in sectors like electric vehicles and solar panels.
Market Impact: The company's stock has seen short selling activity amounting to $50.73 million, indicating market skepticism regarding its practices.
<JPM Research> Positive Outlook for China's Photovoltaic Industry; Stock Picks Should Emphasize Earnings Growth Potential While Maintaining Caution on Gas Sector
Offshore Wind Turbine Procurement: China's offshore wind turbine procurement capacity reached 8.42 gigawatts last year, with MINGYANG SMART ENERGY leading at 2.1 gigawatts and GOLDWIND at 1.2 gigawatts, driven by positive market sentiment.
Stock Recommendations: JPMorgan recommends focusing on companies with strong earnings growth, such as ORIENT WIRES & CABLES, DAQO New Energy, and GCL TECH, while the A-share photovoltaic industry index has outperformed the market.
Energy Storage Growth: China's installed capacity of energy storage systems surged by 73% year-on-year, with SUNGROW POWER expected to benefit from policy reforms and increased demand in high-end markets.
Cautious Outlook on Gas Utilities: JPMorgan maintains a cautious view on China's gas utilities sector due to weak growth and profit margins, with KUNLUN ENERGY identified as a top pick, while CHINA RES GAS faces challenges with slow share buybacks and weak operating trends.
HSI Closes with a 119-Point Gain; BABA-W and XIAOMI-W See Increases; XINYI SOLAR Surges 10%
Market Performance: The HSI rose by 119 points (0.45%) to close at 26,749, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD240.872 billion.
Tech Stock Movements: BABA-W advanced 2.2% amid news of supporting its chip subsidiary's independent listing, while other tech stocks like TENCENT and NTES-S saw slight declines, and KUAISHOU-W and BILIBILI-W experienced notable increases.
Chip Sector Developments: The acceptance of Enflame's IPO application on China's STAR Market positively impacted chip stocks, with SMIC and HUA HONG SEMI gaining, while INNOSCIENCE and BIREN TECH faced declines.
Renewable Energy Stocks Surge: Following Elon Musk's support for space photovoltaics, companies like GCL TECH, FLAT GLASS, and XINYI SOLAR saw significant stock price increases, with gains ranging from 9.3% to 11.1%.
GOLDWIND Rises 8% Following Release of Jiuquan City's Commercial Space Industry Development Plan
Market Reaction: GOLDWIND and APT SATELLITE stocks surged following the announcement of the Jiuquan Commercial Space Industry Development Plan, with GOLDWIND rising by 8.1% and APT SATELLITE by 11.3%.
Development Plan Overview: The Jiuquan Commercial Space Industry Development Plan (2026-2035) aims to establish Jiuquan as a key national commercial space launch and research base, highlighting the importance and feasibility of developing the commercial space sector in China.
GOLDWIND (02208.HK) Soars Nearly 10%; Several Chinese Commercial Aerospace Stocks Reach Daily Limit
Surge in Aerospace Stocks: China-listed commercial aerospace stocks experienced significant gains, with nearly 20 stocks, including GOLDWIND and WESTERN MATERIALS, hitting their daily limit increases.
Notable Performers: GREAT MICROWAVE TECHNOLOGY saw a remarkable surge of over 20%, while other companies like SHANGHAI GEOHARBOUR and LUBAIR AVIATION TECHNOLOGY also reported substantial increases.
GOLDWIND Trading Activity: GOLDWIND opened 3.8% higher and peaked at HKD17.17, closing at HKD16.9 with a trading volume surpassing the previous day's total.
Short Selling Data: The short selling for GOLDWIND was reported at $42.04 million, with a ratio of 5.248%, indicating significant market activity.
China Calls on EU to Cease Misuse of Unilateral Economic and Trade Measures Amid GOLDWIND Investigation
EU Investigation of GOLDWIND: The EU has announced an investigation into GOLDWIND (02208.HK), which has led to a significant drop in its stock price and increased short selling activity.
China's Response: Lin Jian, spokesperson for the Ministry of Foreign Affairs of China, criticized the EU's use of unilateral economic measures against Chinese companies, labeling it as protectionism that undermines the EU's image and investor confidence.
Call for Fair Competition: China urged the EU to honor its commitments to market openness and fair competition, demanding an end to discriminatory practices and a more equitable business environment for all companies.
Commitment to Protect Chinese Firms: The Chinese government expressed its determination to protect the legitimate rights and interests of its companies operating in Europe amidst these challenges.
EU Launches Investigation into GOLDWIND for Suspected Unfair Competition Related to Chinese Subsidies
EU Investigation: The EU has initiated an investigation into GOLDWIND, suspecting the company received unfair subsidies from China that disadvantage local EU competitors.
Potential Consequences: GOLDWIND could face fines of up to 10% of its revenue if found guilty of benefiting from these subsidies.
Previous Investigations: This investigation is part of a broader trend where the EU has scrutinized Chinese companies under the Foreign Subsidies Regulation, particularly in sectors like electric vehicles and solar panels.
Market Impact: The company's stock has seen short selling activity amounting to $50.73 million, indicating market skepticism regarding its practices.
<JPM Research> Positive Outlook for China's Photovoltaic Industry; Stock Picks Should Emphasize Earnings Growth Potential While Maintaining Caution on Gas Sector
Offshore Wind Turbine Procurement: China's offshore wind turbine procurement capacity reached 8.42 gigawatts last year, with MINGYANG SMART ENERGY leading at 2.1 gigawatts and GOLDWIND at 1.2 gigawatts, driven by positive market sentiment.
Stock Recommendations: JPMorgan recommends focusing on companies with strong earnings growth, such as ORIENT WIRES & CABLES, DAQO New Energy, and GCL TECH, while the A-share photovoltaic industry index has outperformed the market.
Energy Storage Growth: China's installed capacity of energy storage systems surged by 73% year-on-year, with SUNGROW POWER expected to benefit from policy reforms and increased demand in high-end markets.
Cautious Outlook on Gas Utilities: JPMorgan maintains a cautious view on China's gas utilities sector due to weak growth and profit margins, with KUNLUN ENERGY identified as a top pick, while CHINA RES GAS faces challenges with slow share buybacks and weak operating trends.
HSI Closes with a 119-Point Gain; BABA-W and XIAOMI-W See Increases; XINYI SOLAR Surges 10%
Market Performance: The HSI rose by 119 points (0.45%) to close at 26,749, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD240.872 billion.
Tech Stock Movements: BABA-W advanced 2.2% amid news of supporting its chip subsidiary's independent listing, while other tech stocks like TENCENT and NTES-S saw slight declines, and KUAISHOU-W and BILIBILI-W experienced notable increases.
Chip Sector Developments: The acceptance of Enflame's IPO application on China's STAR Market positively impacted chip stocks, with SMIC and HUA HONG SEMI gaining, while INNOSCIENCE and BIREN TECH faced declines.
Renewable Energy Stocks Surge: Following Elon Musk's support for space photovoltaics, companies like GCL TECH, FLAT GLASS, and XINYI SOLAR saw significant stock price increases, with gains ranging from 9.3% to 11.1%.
GOLDWIND Rises 8% Following Release of Jiuquan City's Commercial Space Industry Development Plan
Market Reaction: GOLDWIND and APT SATELLITE stocks surged following the announcement of the Jiuquan Commercial Space Industry Development Plan, with GOLDWIND rising by 8.1% and APT SATELLITE by 11.3%.
Development Plan Overview: The Jiuquan Commercial Space Industry Development Plan (2026-2035) aims to establish Jiuquan as a key national commercial space launch and research base, highlighting the importance and feasibility of developing the commercial space sector in China.
GOLDWIND (02208.HK) Soars Nearly 10%; Several Chinese Commercial Aerospace Stocks Reach Daily Limit
Surge in Aerospace Stocks: China-listed commercial aerospace stocks experienced significant gains, with nearly 20 stocks, including GOLDWIND and WESTERN MATERIALS, hitting their daily limit increases.
Notable Performers: GREAT MICROWAVE TECHNOLOGY saw a remarkable surge of over 20%, while other companies like SHANGHAI GEOHARBOUR and LUBAIR AVIATION TECHNOLOGY also reported substantial increases.
GOLDWIND Trading Activity: GOLDWIND opened 3.8% higher and peaked at HKD17.17, closing at HKD16.9 with a trading volume surpassing the previous day's total.
Short Selling Data: The short selling for GOLDWIND was reported at $42.04 million, with a ratio of 5.248%, indicating significant market activity.
