China’s state-owned car giants embrace home-grown tech to dominate EV market

China’s state-owned car giants embrace home-grown tech to dominate EV market

China’s state-owned carmakers are realigning their operations on the mainland, forming tie-ups with domestic partners after relying on foreign marques for decades, as they focus on electric vehicles (EV) in the world’s largest market for clean-energy cars. Juggernauts from FAW Group, mainland China’s oldest carmaker, to SAIC Motor, the country’s largest carmaker until 2023, are…

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Chinese firms eye Hong Kong listings after mainland investors’ US$93 billion buying spree

Chinese firms eye Hong Kong listings after mainland investors’ US$93 billion buying spree

A slew of mainland-listed Chinese technology companies are speeding up fundraising plans in Hong Kong to capitalise on the upbeat market sentiment. Hong Kong’s equity market has been buoyed by mainland investors’ record buying of HK$731.2 billion (US$93.1 billion) of stocks in the first half of the year, according to Hong Kong Exchanges and Clearing…

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