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Yang Rong builds domestic platform by controlling A-share listed company

Tianjin HKMC Equity Investment Fund Management Co., Ltd. (Tianjin HKMC), the subsidiary of Yang Rong's Hong Kong-listed company HKMC (01188.HK), will manage the 20.90-percent stake of Xinchao Industrial (600777.SH) in trust, in order to boost the latter's power battery business and help it break into the new energy vehicle industry,

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Despite challenges, EV Alliance shows central resolve

The EV Industry Alliance of Centrally Administered Enterprises (the Alliance) established by China's State-owned Assets Supervision and Administration Commission (SASAC) is a major attempt by the State Council to rally the country's financial, R&D and industry resources in executing a national strategy in developing new energy vehicles. The significance of

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Higher prices and declining exports hurt profitability of Chinese tire makers

Chinese tire manufacturers are marking up their prices, responding to price increases over the past few months for both raw materials and U.S.-made tires. However, higher prices, along with over-production and declining exports are hurting the profitability of tire makers in China, according to local media reports. International tire manufacturers,

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