Hong Kong-listed solar stocks rallied collectively! Csop Huatai-Pinebridge Csi Photovoltaic Industry Etf (03134.HK) showed strong performance in afternoon trading, with Fuyao Glass surging over 8%.

NewTimeSpace News:Hong Kong-listed solar stocks rallied collectively. Among them, Fuyao Glass surged over 8%, Comtec Solar and Xinyi Solar gained over 6%, GCL Technology rose over 4%, Lens Technology, Triumph New Energy, Concord New Energy, and Xinte Energy advanced over 3%, while Solargiga Energy and Junda Co. climbed over 2%.Csop Huatai-Pinebridge Csi Photovoltaic Industry Etf(03134.HK) showed strong performance in afternoon trading.

Csop Huatai-Pinebridge Csi Photovoltaic Industry Etf(03134.HK) tracks the Photovoltaic Industry Index. The CSI Photovoltaic Industry Index selects up to 50 representative listed companies from securities whose main business covers the upstream, midstream, and downstream segments of the photovoltaic industry chain, reflecting the overall performance of PV industry listed securities.

On the news front, on April 17, the Ministry of Industry and Information Technology and three other ministries jointly convened a symposium on the photovoltaic industry, deploying "anti-involution" governance measures targeting cutthroat low-price competition and overcapacity. Meanwhile, escalating U.S.-Iran conflict has disrupted shipping through the Strait of Hormuz, keeping international oil prices elevated and driving energy costs higher.

According to a joint announcement by the Ministry of Finance and the State Taxation Administration, value-added tax export rebates for 248 products including photovoltaic modules, lithium hexafluorophosphate, and graphite materials have been officially abolished.

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