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        Chinese stocks: Best opening in years with 80% rally
        Views 1M Contents 334

        LIKELY BENEFICIARIES

        The beneficiaries will be both state-owned and private enterprises in the industry, notably large semiconductor equipment firms like NAURA Technology Group $CHUANGLIAN HOLD(02371.HK)$ , Advanced Micro-Fabrication Equipment Inc China $Advanced Micro-Fabrication Equipment Inc. China(688012.SH)$ and Kingsemi $Kingsemi Co., Ltd.(688037.SH)$ , the sources added.
        Some Chinese chip shares in Hong Kong rose sharply after news of the package. Semiconductor Manufacturing International Corp (SMIC) $SMIC(00981.HK)$ added more than 9%. Hua Hong Semiconductor Ltd $HUA HONG SEMI(01347.HK)$ surged more than 17% so far, while mainland markets were closed at the time.
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        • whqqq : Why do other countries want to stop the development of China's chip industry? What's good for them? Thinking Face

        • YC SIEW : There's a famous sayings, Do unto others as you would have them do unto you. That's what someone is doing now.

        • 101689942 whqqq: fear of competition. once china masters chip manufacturing, the cost of manufacturing will  drop substantially due to their scale. which also mean the others will soon be pushed to the corner

        • whqqq 101689942: Thank you for your answer. It seems that they are afraid that China is better than themLaugh

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