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Citic Sec: Equipment update policy is implemented, equipment investment in related fields is expected to accelerate.
For equipment updates and the scrapping and updating of old operational ships, the National Development and Reform Commission will take the lead in arranging approximately 148 billion yuan of ultra-long-term special national bonds to implement support policies for large-scale equipment updates.
SEHK Dividend Stocks: JBM Healthcare And Two More High Yield Choices
First Tractor Company Limited's (HKG:38) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged HK$438m Last Week
HK stocks surge | First Tractor (00038) now up more than 5%, agricultural machinery update subsidy policies targeting multiple models. Institutions bullish on policy's positive impact on agricultural machinery.
First Tractor (00038) is now up over 5%. At the time of publication, it is up 5.06%, at HKD 6.64, with a turnover of HKD 39.4686 million.
HK stocks surge | Construction machinery stocks rise collectively as large-scale equipment upgrades continue to be pushed forward. The expected excavator exports in July are turning positive for the first time.
Construction machinery stocks rose collectively in early trading. As of press time, Sinotruk (03808) rose by 11.44%, to HKD 19.68; Sany Int'l (00631) rose by 6.5%, to HKD 4.59; First Tractor (00038) rose by 6.49%, to HKD 6.73.
First Tractor (601038.SH): Has not yet produced a combine harvester.
On July 24th, Gelunhui reported that First Tractor (601038.SH) stated on the investors' interactive platform that the Dongfanghong YT6668 large-scale efficient grain combine harvester is a product of the company's controlling shareholder, China First Tractor Group Co., Ltd. The company has not yet produced a combine harvester.
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