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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.
Ming Leung Holdings (08152.HK): Lu Peiran appointed as an independent non-executive director
Gelonghui, May 31, 丨 Ming Liang Holdings (08152.HK) announced that Lu Peiran has been appointed as an independent non-executive director of the company with effect from June 1, 2024.
CICC: What determines the domestic demand cycle for excavators?
It is expected that adjustments in real estate policies may drive real estate starts to bottom up, which in turn will gradually drive domestic demand for excavators to bottom up.
Orient Securities: Domestic sales of excavators accelerated in April, construction started and improved month-on-month
Domestic sales of excavators have been growing for two consecutive months, which is expected to boost confidence in the industry's development to a certain extent. The growth rate of export sales fluctuates downward or is affected by a high base over the same period and demand differentiation in overseas markets.
M&L HOLDINGS: 2023 Annual Report
China Construction Machinery Industry Association: Sales of 24,980 excavators of various types fell 2.34% year on year in March 2024
March 2024 Construction Machinery Industry Major Product Sales Report
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