Chip stocks in Hong Kong are gaining ground in the afternoon as China sets up the country's largest-ever semiconductor investment fund to promote the development of its domestic chip industry. HUA HONG SEMI (01347.HK) +0.850 (+2.326%) Short selling $79.54M; Ratio 9.502% opened 0.34% lower today and that was already its day low so far. The stock advanced afterwards and peaked at $19.66, a new high since November last year. It trades now at $19.6, rocketing 10.24%, with a volume of 16.482 million shares, involving $313 million.Related NewsCICC Lists Strategic Top Pick Portfolio of Overseas CN Stocks (Table)SMIC (00981.HK) +0.650 (+1.304%) Short selling $434.33M; Ratio 5.971% opened 1.56% higher at $16.58 today. It stands now at $16.36, hiking 6.65%, with 62.7444 million shares traded and a turnover of $1.012 billion. According to Counterpoint Research, SMIC has for the first time surpassed US-based GlobalFoundries and Taiwan-based UMC to become the world's third-largest foundry in terms of 1Q24 revenue.SHANGHAI FUDAN (01385.HK) -0.550 (-1.971%) Short selling $6.41M; Ratio 1.434% opened 0.91% higher at $11.52 today. It is now trading at $11.4, rising 3.83%, with a volume of 3.686 million shares and a turnover of $41.1127 million.SOLOMON SYSTECH (02878.HK) +0.010 (+1.887%) opened flat today and logged its day high at $0.285. It anchors now at $0.28, inclining 3.7%, with 1.674 million shares traded, involving $462,500 of turnover.Related NewsCICC Lists Valuation Comparison of US/ CN Tech Leaders (Table)ASMPT (00522.HK) +1.200 (+2.145%) Short selling $12.28M; Ratio 9.341% opened 0.64% higher at $96.85. It now stands at $96.75, rising 3.81%, with 1.1624 million shares traded, involving $110 million.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-03-14 16:25.)