HK Stock Market Move | Photovoltaic stocks extended gains in the afternoon, with XINTE ENERGY (01799) rising nearly 9% and Hainan Drinda New Energy Technology (02865) up over 6%.

PV stocks rose in the afternoon, with XINTE ENERGY (01799) up 8.83% at HK$6.78, Hainan Drinda New Energy Technology (02865) up 6.69% at HK$33.18, XINYI SOLAR (00968) up 2.76% at HK$2.98, and GCL TECH (03800) up 2.13% at HK$0.96. On the news front, on April 17th, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Administration for Market Regulation, and other departments jointly held a symposium on the PV industry, clearly deploying the norms for the competition order in the PV industry. The meeting emphasized the importance and urgency of governing "inner-circle" competition, and proposed comprehensive governance measures such as capacity regulation, standard leadership, innovation driving, quality supervision, and protection of intellectual property rights. Ping An Securities analysis pointed out that in the first quarter of 2026, domestic PV new installations reached 41.39GW, a year-on-year decrease of about 31%, further increasing the urgency of supply-side reforms due to pressure from the demand side. The bank believes that through the implementation of "anti-inner-circle" measures, the supply-side structure of the PV industry is expected to be optimized, laying the foundation for optimizing the supply and demand situation in the future.