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Harvest SSE STAR Chip ETF
588200.SH
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EXCLUSIVE-China mandates 50% domestic equipment rule for chipmakers, sources say

China has mandated that chipmakers use at least 50% domestically made equipment for new capacity, aiming for self-sufficiency in semiconductor production. This rule, not publicly documented, is a response to U.S. export restrictions and is pushing Chinese manufacturers to rely on local suppliers. The initiative is part of a broader effort led by President Xi Jinping to build a self-sufficient semiconductor supply chain. The policy has already shown results, with domestic companies like Naura Technology advancing rapidly in chip manufacturing technologies.

Reuters·
US
TOELY
-0.51%
HK
00981
+4.24%
SH
688981
+2.27%
Reuters·
US
TOELY
-0.51%
HK
00981
+4.24%
SH
688981
+2.27%

The Hang Seng Index closed up 0.86%, with semiconductor stocks leading the gains

The Hang Seng Index closed up 0.86%, the Hang Seng Tech Index rose 1.74%, semiconductor stocks performed outstandingly, with SMIC up about 4% and InnoCare up about 15%. Tech stocks and automotive stocks also rose, with Baidu Group up about 9% and NIO up about 2%. The newly listed "Physical AI first stock" May 1st Vision rose about 30%, and Envision Intelligent rose about 25%

Wallstreetcn·
US
BIDU
+1.61%
HK
09888
+8.90%
SG
NIO
+4.39%
Wallstreetcn·
US
BIDU
+1.61%
HK
09888
+8.90%
SG
NIO
+4.39%
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