Zhong Guo Zheng Quan Bao·2025-10-02 11:11Group 1 - The Hong Kong stock market showed strong performance on October 2, with all three major indices closing higher. The Hang Seng Index rose by 1.61% to 27,287.12 points, the Hang Seng China Enterprises Index increased by 1.77% to 9,724.38 points, and the Hang Seng Tech Index surged by 3.36% to 6,682.86 points [2] - The semiconductor, electrical equipment, non-ferrous metals, pharmaceutical biology, and hardware equipment sectors performed strongly. Notably, the semiconductor sector saw a significant rise, with SMIC increasing by over 12% and Hua Hong Semiconductor rising by more than 7% [3] - SMIC's stock price reached a historic high, closing at 90.35 HKD per share after a 12.70% increase. This marked a cumulative rise of 22.89% over three consecutive trading days [5] Group 2 - As of September 30, SMIC has attracted substantial investment, with southbound funds holding over 2.5 billion shares valued at over 200 billion HKD, accounting for more than 20% of its total market capitalization. Multiple institutions have given SMIC a buy rating [7] - The global semiconductor industry is experiencing a notable recovery, with the market size reaching 346 billion USD in the first half of the year, reflecting an 18.9% year-on-year growth driven by AI infrastructure investments and terminal application demand. The domestic market size is expected to reach 102.6 billion RMB by 2025, with SMIC playing a crucial role in mature process expansion and local supply chain [7]