China Hongqiao Group

Hongqiao Denies Allegations of Improprieties by Anonymous Short Seller

Hongqiao Denies Allegations of Improprieties by Anonymous Short Seller

A short seller has come forward with allegations that China Hongqiao Group is reaping significant profit margins by distributing a hefty and unsustainable debt load to companies it says are intimately related to its founder and other top company men. According to...


Chalco’s First-Half Results Up Thanks to Bump in Global Aluminium Prices

State-backed Aluminum Corporation of China Ltd (Chalco) published results for the first half of 2016 on Thursday. The firm posted an increase in profits thanks to a modest recovery in the global aluminium market. The firm posted a net profit of US$8.62 million in the first six months of the year, which is a significant […]

China Hongqiao Misses Revenue Expectations for First Half of 2016

Results for Chinese aluminium giant China Hongqiao Group Ltd were lower than expected for the first half of 2016. The firm, still the world’s largest producer of aluminium, reported earnings for the period on Friday. At the end of the first half of 2016 the firm’s aggregate designated aluminium production capacity topped out at 5.9 […]

China Hongqiao Buys Beihai Xinhe from CITIC for US$320 MM

The People’s Republic of China’s China Hongqiao Group Ltd., the world’s top aluminium producer by volume, announced that it entered into an agreement last week to purchase the entire equity interests of Binzhou Municipal Beihai Xinhe New Material Co., Ltd. for US$320 million. Beihai Xinhe’s equity interests were held by China International Trust and Investment […]

Shandong Weiqiao Given Government Green Light to Build Refinery in Indonesia

A trade publication in the People’s Republic of China reported last week that Shandong Weiqiao Aluminum and Power Co., Ltd.’s alumina project planned for Indonesia has been approved by the Chinese government. China Non-ferrous Metals Network indicated that the project, which is expected to result in a refinery with a capacity of two million metric […]