HK-listed solar wafer maker GCL-Poly hits 2-mth high on policy optimism

Xinyi Solar Holdings

05/11/2018 07:58

** Shares of solar wafer maker GCL-Poly Energy Holdings Ltd
 3800.HK  soar 20.8 pct to HK$0.58, the highest since Sept. 7,
boosted by media reports that Beijing will continue its policy
to support the clean energy sector
    ** The stock is set for the best day since July 2015
    ** The National Energy Administration says solar power
remains the clean energy that China will give key support to,
and the government will continue to subsidise the sector till
end of 2022, the official Shanghai Securities Journal reports
    ** Hong Kong-listed solar glass maker Xinyi Solar Holdings
Ltd  0968.HK  also jumps as much as 11.1 pct to the highest
since June 4
    ** The reports also sent mainland-listed solar power firms
higher  urn:newsml:reuters.com:*:nL4N1XG1OP
    ** The Hong Kong benchmark index  .HSI  falls 2.4 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)