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) -0.650 (-2.067%) Short selling $78.46M; Ratio 10.770% 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 NewsHUA HONG SEMI Annual NP Slides 79.2% to USD58.11M; Nil Div.SMIC (00981.HK) +0.350 (+0.783%) Short selling $465.54M; Ratio 8.567% 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) +0.150 (+0.555%) Short selling $14.86M; Ratio 6.109% 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 (-2.222%) 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 NewsCiti Bullish on CN Domestic/ Services/ Growth Stocks Under US Tariff Measures; Top Pick TENCENTASMPT (00522.HK) -1.600 (-2.896%) Short selling $17.85M; Ratio 17.923% 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 2025-04-03 16:25.)