#Latest news with #GuangzhouAutoGroupBloomberg31-03-2025AutomotiveBloombergChinese State-Owned Carmakers' Shares Rise After Merger ReportShares of Chinese state-owned carmakers rose after a report that the government is planning mergers and restructuring in the sector amid challenges for the market. Hong Kong-listed Dongfeng Motor Group and Guangzhou Auto Group rose by as much as 7.1% and 4.5% respectively. However, some other auto shares dropped, and the benchmark Hang Seng Index fell as much as 1.6%.
Bloomberg31-03-2025AutomotiveBloombergChinese State-Owned Carmakers' Shares Rise After Merger ReportShares of Chinese state-owned carmakers rose after a report that the government is planning mergers and restructuring in the sector amid challenges for the market. Hong Kong-listed Dongfeng Motor Group and Guangzhou Auto Group rose by as much as 7.1% and 4.5% respectively. However, some other auto shares dropped, and the benchmark Hang Seng Index fell as much as 1.6%.
31-03-2025
