**China Chip Stocks Surge, STAR 50 Index Jumps 3.93% on AI Demand and Policy Boost**
On September 18, Chinese A-share chip stocks led a broad market rally, with the tech-heavy STAR 50 Index surging 3.93% to 1,669.34 points. The rally was driven by AI computing power demand and supported by multiple policy announcements, including a new pharmaceutical industry plan and quantum technology standards. The People's Bank of China resumed 14-day reverse repo operations after a seven-month hiatus, conducting a net liquidity withdrawal of 40.7 billion yuan.
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China A-shares rally with over 4,500 stocks up; pharma, AI hardware lead gains
On September 21, China's A-share market rallied, with major indices closing higher. The Shanghai Composite rose 0.97% to 3949.91, the Shenzhen Component gained 0.65%, and the ChiNext added 0.80%. Over 4,500 stocks advanced, with the pharmaceutical and biotech sector surging, led by innovative drugs, AI pharma, and CRO. The rally followed a joint policy plan by 10 ministries, including the Ministry of Industry and Information Technology, setting targets for the pharmaceutical industry's 15th Five-Year Plan, including revenue exceeding 3.5 trillion yuan and 20%+ annual growth for innovative drugs. Analysts at Zhongtai and Guosheng Securities see the plan boosting innovative drug firms and CXO players. AI hardware also strengthened, with MLCC, storage chips, and PCB concepts performing well. Changxin Memory Technologies announced mass production of its fifth-generation process and LPDDR5X products. TrendForce forecasts NOR Flash contract prices to rise 100-120% in H1 2026. Institutions including Huatai, CSC, and Everbright Securities view the current period as a rebound window, advising focus on tech, policy-driven sectors, and high-growth areas like semiconductors, AI, and pharmaceuticals, while noting caution ahead of the National Day holiday and potential external risks from the FOMC meeting.
Read sourceChina Chip Stocks Surge as STAR 50 Index Jumps 3.93% on AI Demand
Chinese chip stocks led a broad market rally on September 18, with the STAR 50 Index surging 3.93% in morning trading. The PBOC conducted 463.3 billion yuan in 7-day reverse repos and 100 billion yuan in 14-day reverse repos, the first such 14-day operation in over seven months, resulting in a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the Pharmaceutical Industry, targeting biopharmaceutical leadership by 2030. The State Administration for Market Regulation announced new national standards for quantum devices. Sector gains were led by semiconductors, AI chips, HBM, and storage chips, driven by AI computing power demand. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI, new energy vehicles, and product expansion as growth drivers.
Read sourceChip Stocks Surge, STAR 50 Index Rises 3.93% on AI and Policy Boost
On September 18, A-share indices rose with the STAR 50 Index surging 3.93% to 1,669.34 points, led by semiconductor, AI chip, and storage chip stocks. The People's Bank of China resumed 14-day reverse repo operations after over seven months, conducting 100 billion yuan in 14-day repos alongside 463.3 billion yuan in 7-day repos, with a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for Pharmaceutical Industry Development, targeting biopharmaceutical breakthroughs by 2030. The State Administration for Market Regulation released new national standards for quantum devices, including squeezed light sources and frequency conversion devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand and industry recovery. The storage industry is described as in a super-cycle due to AI computing power, with tight supply and rising prices.
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Chip Stocks Surge as STAR 50 Index Rises 3.93%; PBOC Resumes 14-Day Reverse Repos
On September 18, A-share indices rose, with the STAR 50 Index surging 3.93% to 1,669.34 points, led by semiconductor, AI chip, HBM, and storage chip stocks. The PBOC conducted 463.3 billion yuan in 7-day reverse repos and 100 billion yuan in 14-day reverse repos, resuming the latter after over seven months, with a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the pharmaceutical industry, targeting biomedical leadership by 2030. The Ministry of Housing and Urban-Rural Development pledged to strengthen housing provident fund safeguards. The State Administration for Market Regulation issued new national standards for quantum core devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET Group, citing AI-driven demand and industry growth.
Read sourceChina Chip Stocks Surge; STAR 50 Index Jumps 3.93% on AI Demand and Policy Support
Chinese A-share chip stocks surged on September 18, driving the STAR 50 Index up 3.93% in morning trading. The broader market also rose, with the Shanghai Composite Index gaining 1.04%. The People's Bank of China resumed 14-day reverse repo operations after over seven months, conducting a net withdrawal of 40.7 billion yuan. Multiple government departments released the 15th Five-Year Plan for the pharmaceutical industry, setting development goals through 2030. The Ministry of Housing and Urban-Rural Development announced measures to safeguard housing provident fund assets. The State Administration for Market Regulation is advancing national standards for quantum technology. The storage industry is experiencing a super-cycle driven by AI computing power, with tight supply and rising demand for HBM, DRAM, and enterprise flash memory. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI and new energy vehicle demand as growth drivers.
Read sourceChip stocks surge, STAR 50 Index jumps 3.93% in morning session
A-share indices rose on September 18, with the STAR 50 Index surging 3.93% to 1,669.34 points, led by semiconductor, automotive chip, AI chip, HBM, advanced packaging, and storage chip sectors. The PBOC resumed 14-day reverse repo operations after over seven months, conducting 463.3 billion yuan in 7-day and 100 billion yuan in 14-day reverse repos, resulting in a net liquidity withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for pharmaceutical industry development, targeting biopharmaceutical R&D at the world's forefront by 2030. The Ministry of Housing and Urban-Rural Development announced measures to safeguard housing provident fund security. The State Administration for Market Regulation released two new national standards for quantum devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand and industry recovery.
Read sourceChip Stocks Surge, STAR 50 Index Rises 3.93% on AI Demand Optimism
Chinese A-share indices rose on September 18, led by a 3.93% surge in the STAR 50 Index to 1,669.34 points, driven by strong gains in semiconductor and chip stocks. The People's Bank of China conducted 463.3 billion yuan in 7-day and 100 billion yuan in 14-day reverse repo operations, resulting in a net withdrawal of 40.7 billion yuan, marking the first 14-day repo in over seven months. Ten government departments jointly released the 15th Five-Year Plan for Pharmaceutical Industry Development, targeting biopharmaceutical breakthroughs by 2030. The State Administration for Market Regulation announced new national standards for quantum core devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand for storage chips, high-bandwidth memory, and advanced packaging as key growth catalysts.
Read sourceChina Chip Stocks Surge; STAR 50 Index Rises 3.93% on AI Demand
Chinese chip stocks led gains on September 18, with the STAR 50 Index surging 3.93% to 1,669.34 points, as the broader A-share market rose. The People's Bank of China resumed 14-day reverse repo operations after seven months, conducting 100 billion yuan in such operations alongside 463.3 billion yuan in 7-day repos, resulting in a net withdrawal of 40.7 billion yuan. Multiple government departments jointly released the 15th Five-Year Plan for the pharmaceutical industry, targeting biopharmaceutical leadership by 2030. The State Administration for Market Regulation issued new national standards for quantum core devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET Group, citing AI-driven demand, tight supply, and product expansion as growth catalysts. The storage industry is described as experiencing a super-cycle due to AI computing power, with rising demand for HBM, DRAM, and enterprise flash memory.
Read sourceChina Chip Stocks Surge as STAR 50 Index Jumps 3.93% on AI Demand
Chinese chip stocks led a broad market rally on September 18, with the STAR 50 Index surging 3.93% to 1,669.34 points by morning close. The Shanghai Composite Index rose 1.04%, the Shenzhen Component Index gained 1.52%, and the ChiNext Index climbed 2.11%. The People's Bank of China resumed 14-day reverse repo operations after over seven months, conducting 463.3 billion yuan in 7-day and 100 billion yuan in 14-day operations, with a net withdrawal of 40.7 billion yuan. Ten government departments jointly released the 15th Five-Year Plan for pharmaceutical industry development, targeting biopharmaceutical breakthroughs by 2030. The Ministry of Housing and Urban-Rural Development announced measures to strengthen housing provident fund security. The State Administration for Market Regulation issued new national standards for quantum devices. Semiconductor, AI chip, HBM, and storage chip sectors led gains, while commercial vehicles and coal mining lagged. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET Group, citing AI-driven demand and industry recovery.
Read sourceChina's STAR 50 Index Surges 3.93% as Chip Stocks Lead Broad Market Rally
On September 18, China's A-share markets saw broad gains, led by a 3.93% surge in the STAR 50 Index to 1,669.34 points, driven by strength in semiconductor, AI chip, and storage chip stocks. The Shanghai Composite Index rose 1.04% to 3,916.07 points, while the Shenzhen Component Index gained 1.52% and the ChiNext Index climbed 2.11%. The People's Bank of China resumed 14-day reverse repo operations after over seven months, conducting a total of 563.3 billion yuan in reverse repos but net withdrawing 40.7 billion yuan due to maturing operations. Multiple policy developments were reported: ten ministries jointly released the 15th Five-Year Plan for the Pharmaceutical Industry targeting biopharmaceutical breakthroughs by 2030; the Ministry of Housing and Urban-Rural Development pledged stronger housing provident fund safeguards; and the State Administration for Market Regulation issued new national standards for quantum devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET Group, citing AI-driven demand and product expansion opportunities.
Read sourceChip Stocks Surge as STAR 50 Index Rises 3.93%; PBOC Resumes 14-Day Reverse Repo
On September 18, A-share indices rose with the STAR 50 Index surging 3.93% to 1,669.34 points, led by semiconductor, AI chip, and storage chip stocks. The PBOC conducted a 463.3 billion yuan 7-day reverse repo and a 100 billion yuan 14-day reverse repo, resuming the latter after over seven months, with a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the pharmaceutical industry, targeting biomedical leadership by 2030. The Ministry of Housing announced measures to safeguard housing provident fund security. The State Administration for Market Regulation released two new national standards for quantum devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET Group, citing AI and new energy vehicle demand.
Read sourceChip Stocks Surge, STAR 50 Index Rises 3.93% as PBOC Resumes 14-Day Reverse Repo
Chinese A-share indices rose on September 18, led by a 3.93% surge in the STAR 50 Index, driven by strong gains in semiconductor and chip stocks. The People's Bank of China resumed 14-day reverse repo operations after over seven months, conducting a 100 billion yuan operation alongside a 463.3 billion yuan seven-day reverse repo, resulting in a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the Pharmaceutical Industry, targeting biopharmaceutical breakthroughs by 2030. The State Administration for Market Regulation announced new national standards for quantum core devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand and industry recovery.
Read sourceChina Chip Stocks Surge as STAR 50 Index Jumps 3.93% on AI Demand and Policy Support
Chinese chip stocks led a broad market rally on September 18, with the STAR 50 Index surging 3.93% to 1,669.34 points by morning close. The Shanghai Composite Index rose 1.04% to 3,916.07 points, while the Shenzhen Component Index gained 1.52% and the ChiNext Index climbed 2.11%. The People's Bank of China conducted 463.3 billion yuan in 7-day reverse repos and 100 billion yuan in 14-day reverse repos, resuming the latter after over seven months, with a net withdrawal of 40.7 billion yuan. Ten government departments jointly released the '15th Five-Year Plan for Pharmaceutical Industry Development,' setting biopharmaceutical goals through 2030. The State Administration for Market Regulation released two new national standards for quantum core devices. Sector-wise, semiconductors, AI chips, HBM, and storage chips led gains, while commercial vehicles and coal mining declined. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand and industry recovery.
Read sourceChip Stocks Surge as STAR 50 Index Jumps 3.93%; PBOC Resumes 14-Day Reverse Repos
A-share chip stocks surged on September 18, driving the STAR 50 Index up 3.93% to 1,669.34 points by morning close. The broader market also rose, with the Shanghai Composite Index gaining 1.04% to 3,916.07 points. The People's Bank of China resumed 14-day reverse repo operations after over seven months, conducting 100 billion yuan in such operations alongside 463.3 billion yuan in 7-day reverse repos, resulting in a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the Pharmaceutical Industry, targeting biopharmaceutical leadership by 2030. The State Administration for Market Regulation announced new national standards for quantum core devices. Sector-wise, semiconductors, AI chips, HBM, and storage chips led gains, while commercial vehicles and coal mining lagged. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand and product competitiveness.
Read sourceChina Chip Stocks Surge; STAR 50 Index Jumps 3.93% on AI Demand Optimism
Chinese chip stocks led a broad market rally on September 18, with the STAR 50 Index surging 3.93% to 1,669.34 points by the morning close. The Shanghai Composite Index rose 1.04%, the Shenzhen Component Index gained 1.52%, and the ChiNext Index climbed 2.11%. The People's Bank of China resumed 14-day reverse repo operations after over seven months, conducting a 100 billion yuan operation alongside a 463.3 billion yuan 7-day reverse repo, resulting in a net withdrawal of 40.7 billion yuan. Multiple government departments jointly released the 15th Five-Year Plan for the Pharmaceutical Industry, setting 2030 goals for biopharmaceutical leadership. The Ministry of Housing and Urban-Rural Development announced measures to strengthen housing provident fund security. The State Administration for Market Regulation released new national standards for quantum core devices. Sector-wise, semiconductors, AI chips, HBM, and storage chips led gains, while commercial vehicles and coal mining lagged. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand and industry recovery.
Read sourceChina Chip Stocks Surge as Science and Technology Innovation 50 Index Rises 3.93%
Chinese A-share indexes rose on September 18, with the Science and Technology Innovation 50 Index leading gains at 3.93%. The central bank conducted 463.3 billion yuan in 7-day and 100 billion yuan in 14-day reverse repo operations, net withdrawing 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the Pharmaceutical Industry, targeting 2030 goals. The Ministry of Housing and Urban-Rural Development announced strengthened housing provident fund security. The State Administration for Market Regulation released new quantum technology national standards. Semiconductor, automotive chip, AI chip, and memory chip sectors led gains, while commercial vehicles and coal mining declined. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on Aojie Technology, Puran shares, Huatian Technology, and Changdian Technology, citing AI-driven demand and industry prosperity.
Read sourceChina Chip Stocks Surge; STAR 50 Index Rises 3.93% on AI Demand Optimism
Chinese chip stocks led a broad market rally on September 18, with the STAR 50 Index surging 3.93% in morning trading. The PBOC resumed 14-day reverse repo operations after seven months, conducting a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the pharmaceutical industry, targeting biopharmaceutical breakthroughs by 2030. The Ministry of Housing and Urban-Rural Development announced measures to strengthen housing provident fund security. The State Administration for Market Regulation released new national standards for quantum core devices. Sector-wise, semiconductors, AI chips, HBM, and storage chips led gains, while commercial vehicles and coal mining lagged. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand and product expansion as growth catalysts.
Read sourceChina Chip Stocks Surge as STAR 50 Index Rises 3.93% on AI Demand
Chinese chip stocks led a broad market rally on September 18, with the STAR 50 Index surging 3.93% to 1,669.34 points by morning close. The Shanghai Composite Index rose 1.04% to 3,916.07 points, while the Shenzhen Component Index gained 1.52% and the ChiNext Index climbed 2.11%. The People's Bank of China resumed 14-day reverse repo operations after seven months, conducting a 100 billion yuan operation alongside a 463.3 billion yuan 7-day reverse repo, resulting in a net liquidity withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for pharmaceutical industry development, targeting global leadership in biopharmaceuticals by 2030. The State Administration for Market Regulation announced new national standards for quantum devices. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET Group, citing AI-driven demand for semiconductors and storage chips as key growth catalysts.
Chip stocks surge, STAR 50 Index rises 3.93% as PBOC resumes 14-day reverse repo
On September 18, A-share indices rose, with the STAR 50 Index leading gains at 3.93%. The People's Bank of China conducted 463.3 billion yuan in 7-day reverse repos and 100 billion yuan in 14-day reverse repos, resuming the latter after over seven months, resulting in a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the Pharmaceutical Industry, targeting global leadership in biomedicine by 2030. The Ministry of Housing and Urban-Rural Development announced measures to safeguard housing provident fund funds. The State Administration for Market Regulation released two new national standards for quantum devices. Semiconductor stocks, including AI chips, HBM, and storage chips, led gains. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET, citing AI-driven demand and industry recovery.
Read sourceChina Chip Stocks Surge, STAR 50 Index Rises 3.93% on AI Demand
Chinese chip stocks led gains on September 18, with the STAR 50 Index surging 3.93% in morning trade, as the broader A-share market rose. The People's Bank of China conducted 463.3 billion yuan in 7-day and 100 billion yuan in 14-day reverse repo operations, the first 14-day operation in over seven months, resulting in a net withdrawal of 40.7 billion yuan. Ten Chinese ministries jointly released the 15th Five-Year Plan for the Pharmaceutical Industry, targeting biopharmaceutical leadership by 2030. The Ministry of Housing and Urban-Rural Development pledged to strengthen housing provident fund asset security. The State Administration for Market Regulation issued two new national standards for quantum devices. Sector-wise, semiconductors, AI chips, HBM, and storage chips led gains, while commercial vehicles and coal mining lagged. Analysts from Huatai, Zhongtai, Hualong, and GF Securities provided positive outlooks on ASR Microelectronics, Puya Semiconductor, Huatian Technology, and JCET Group, citing AI demand and industry recovery.
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