HK Stock Market Move | QINGLING MOTORS (01122) rose more than 7% in the afternoon, the company is the industry leader in the commercial vehicle segment benefiting from Chongqing's "33618" plan.

QINGLING MOTORS (01122) rose more than 7% in the afternoon, with a increase of 6.56% at the time of publication, reaching 1.3 Hong Kong dollars with a turnover of 12.4236 million Hong Kong dollars. On the news front, on January 8th, in order to promote the "33618" modern manufacturing cluster system and "416" technology innovation layout in Chongqing, the Yufu Intelligent Manufacturing "6213" action plan promotion and project signing ceremony sponsored by the Chongqing State-owned Assets Supervision and Administration Commission and hosted by Chongqing Yufu Holding Group was held in Chongqing. At the meeting, Chongqing Yufu Holding Group announced the "6213" action plan that will be implemented over the next 5 years, with the first batch of reserve projects totaling 70 and an intended investment of nearly 40 billion yuan. GuoYuan International released a research report stating that QINGLING MOTORS is a leading player in the commercial vehicle segment benefiting from the Chongqing "33618" plan and controlled by the Chongqing State-owned Assets Supervision and Administration Commission. It is reported that Qingling Motors (Group) Co., Ltd. holds 50.1% of QINGLING MOTORS' shares, with Chongqing State-owned Assets Supervision and Administration Commission as the controlling shareholder. Chongqing city plans to create trillion-dollar industrial clusters in intelligent connected new energy vehicles, next-generation electronics manufacturing, and advanced materials. As a long-time commercial vehicle manufacturer, the company is expected to play an important role in Chongqing's major strategies. The research report pointed out that the company is likely to achieve a substantial reduction in losses or even return to profit by 2025. Once the company's new products achieve scale sales and positive profits, the company's valuation is expected to increase.