policy impact

Reconstructing the Semiconductor Industry Landscape: Opportunities and Challenges of Wafer Fab Location Recognition

by
Reconstructing the Semiconductor Industry Landscape: Opportunities and Challenges of Wafer Fab Location Recognition

1. Policy Background and Essence of the Rules On April 11, 2025, the China Semiconductor Industry Association issued an urgent notice clarifying that the origin of integrated circuits is determined by the “wafer fab location”. This rule is not a new policy but a reiteration and refinement of the long-standing “four-digit tariff number change principle” … Read more

Analysis of the Logic and Sustainability of the Rise in the Construction Machinery Sector

by
Analysis of the Logic and Sustainability of the Rise in the Construction Machinery Sector

On March 5, the A-share construction machinery sector rose by 4.55%, leading the market, with several stocks in the sector, such as Shantui and Liugong, hitting the daily limit. Below, we analyze the logic and sustainability of this rise. 1. Drivers of the Rise 1. Policy and Demand Resonance 1) Government Work Report Boosts Confidence: … Read more