<div id="readability-page-1"><div><div>Chinese technology stocks surged on the Hong Kong Stock Exchange on Wednesday following the U.S. government’s decision to lift certain semiconductor export restrictions to China.What Happened: The rally followed Nvidia Corp.’s NVDA announcement on Monday that it would resume H20 GPU sales in China and launch a new RTX PRO graphics chip specifically designed for Chinese customers. CEO Jensen Huang stated the company is submitting applications to restart H20 shipments, with U.S. government assurances that license approvals will be granted.The U.S. had previously imposed broad semiconductor restrictions on China, limiting access to advanced chips from key companies including Nvidia, Taiwan Semiconductor Manufacturing Co. Ltd. TSM, ASML Holding NV ASML, and Micron Technology Inc. MU. These measures, enacted citing national security concerns, aimed to curb China’s technological advancement in critical areas.Alibaba co-founder Joe Tsai previously stated that China lagged behind the U.S. by approximately two years in AI development, attributing this gap largely to technology restrictions.The export curbs had limited Chinese firms’ access to advanced chips, hampering Alibaba’s cloud business and computing services capabilities.Why It Matters: The semiconductor restrictions had a significant financial impact on U.S. companies. Nvidia booked a $4.5 billion charge in its first quarter as a direct result of the H20 export ban to China, which took effect April 9.China’s economy expanded 5.2% in the second quarter of 2025, slightly exceeding the 5.1% economists’ forecast but representing a deceleration from the first quarter’s 5.4% rate. The performance keeps Beijing on track to achieve its 5% full-year growth target.Huang is scheduled to attend China’s International Supply Chain Expo opening ceremony in Beijing on Wednesday, where he may meet with top Chinese officials, including Premier Li Qiang and Vice Premier He Lifeng. According to the Financial Times, Nvidia plans to debut a China-specific AI chip as early as September, a modified version of the Blackwell RTX Pro 6000 designed to comply with U.S. export regulations.<ul> <li>Nvidia Says ‘Washington Gets It’ After Trump’s AI Czar David Sacks Says US Has To ‘Outcompete’ Global Rivals</li> </ul>Photo courtesy: Robert Way / Shutterstock.com</div></div></div>

NVDA

Chinese tech stocks, including Alibaba, Baidu, and Tencent, rallied on the Hong Kong Stock Exchange after the U.S. lifted some semiconductor export restrictions to China. Nvidia announced it would resume H20 GPU sales and launch a new RTX PRO chip for Chinese customers. The U.S. previously imposed restrictions citing national security, impacting Chinese firms' access to advanced chips. Nvidia faced a $4.5 billion charge due to the export ban. CEO Jensen Huang is set to attend China's International Supply Chain Expo, where he may meet with Chinese officials.

- Chinese technology stocks rose on the Hong Kong Stock Exchange after the U.S. lifted some semiconductor export restrictions to China.  
- The rally was fueled by Nvidia's announcement to resume H20 GPU sales and launch a new RTX PRO graphics chip for Chinese customers, following U.S. government assurances for license approvals.  
- The previous restrictions had significant financial impacts on U.S. companies and limited Chinese firms' access to advanced chips, affecting their technological development and business capabilities.  

Nvidia's China Comeback Sparks Rally In Alibaba, Baidu, Tencent Shares