Hong Kong Stock Market Update | Chip stocks collectively rise in the morning session, with SMIC up more than 3%. China and the Netherlands exchange in-depth views on issues such as lithography machines exported to China

Chip stocks rose collectively in the morning session. As of the time of writing, Shanghai Fudan rose by 5.06% to HKD 10.8, SMIC (Semiconductor Manufacturing International Corporation) rose by 3.35% to HKD 15.42, and Huahong Semiconductor rose by 2.53% to HKD 15.4. On the news front, on March 27th, Minister of Commerce Wang Wentao met with Dutch Minister for Foreign Trade and Development Cooperation Van Liwen in Beijing. The two sides exchanged in-depth views on topics such as the export of lithography machines to China and strengthening cooperation in the semiconductor industry. In addition, China's Changxin Technology's major shareholder, Da-Jin Fund, and SMIC jointly transferred shares. After the share transfer, Panshi Hong Kong or its affiliates will hold 403 million shares of Changxin Technology, accounting for 22.54% of the total share capital of the company, becoming the controlling shareholder of Changxin Technology. China Resources, the actual controller of Panshi Hong Kong, will become the controlling shareholder of Changxin Technology. China Resources has committed to resolving competition issues with China Resources Micro