https://www.scmp.com/rss/271077/feed Sany Heavy Industry Co is a Chinese multinational heavy machinery manufacturing company headquartered in Changsha in Hunan Province. It is the sixth-largest heavy equipment manufacturer in the world,[4] and the first in its sector in China to enter the FT Global 500. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Jevans Nyabiage Jevans Nyabiage In 1994, Richard Leiter, a South African entrepreneur, took a gamble on the then unknown Chinese commercial truck maker FAW with the introduction of the first Jiefang CA141 truck into the South African market. Two decades later, he had transitioned from importer to industrialist, with a sprawling assembly plant in the Coega special economic zone in South Africa’s Eastern Cape. FAW now outsells major brands like Toyota, Daimler and Isuzu in the heavy truck sector in South Africa, driven by... https://www.scmp.com/news/china/diplomacy/article/3340081/how-risky-punt-unknown-chinese-truck-manufacturer-paid-south-africa?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3340081/how-risky-punt-unknown-chinese-truck-manufacturer-paid-south-africa?utm_source=rss_feed Tue, 17 Feb 2026 10:00:10 +0000 Cheryl Arcibal Cheryl Arcibal After selling a HK$319 million (US$41 million) luxury home in Hong Kong’s affluent Southern district, a former finance executive has rented a 4,715 sq ft house at The Peak, the city’s most exclusive neighbourhood, for HK$525,000 a month, official records show. Lawrence Lam Yuk-kun was identified as the former owner of a house in Deep Water Bay and the new tenant of a property on Gough Hill Road at The Peak. Lam is an independent non-executive director at Sany Heavy Industry, China’s largest... https://www.scmp.com/business/article/3335060/ex-banker-sells-us41-million-deep-water-bay-home-then-splashes-out-lease-peak?utm_source=rss_feed https://www.scmp.com/business/article/3335060/ex-banker-sells-us41-million-deep-water-bay-home-then-splashes-out-lease-peak?utm_source=rss_feed Wed, 03 Dec 2025 10:00:27 +0000 Victoria Bela Victoria Bela Guo Wei, the chief scientist of China’s top naval institute, has been suspended as a foreign academician to the Russian Academy of Engineering after he became the subject of a police probe over alleged academic misconduct. The Chinese headquarters of the Russian academy announced on its social media page on Friday that it had taken note of the case against Guo and was verifying information regarding his election as a foreign academician earlier this year. The Beijing News reported on Sunday that... https://www.scmp.com/news/china/science/article/3333973/russian-academy-breaks-chinas-top-naval-institute-chief-scientist-under-probe?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3333973/russian-academy-breaks-chinas-top-naval-institute-chief-scientist-under-probe?utm_source=rss_feed Mon, 24 Nov 2025 11:11:25 +0000 Dannie Peng Dannie Peng The chief scientist at a university that plays a major role in developing China’s navy has been detained as part of an investigation into alleged academic misconduct and misuse of state research funds, according to local media reports. Jiangsu University of Science and Technology confirmed on Tuesday that Guo Wei’s case was under investigation and said his academic contract had been terminated over the accusations. The university was founded in 1953 in response to Mao Zedong’s call for the... https://www.scmp.com/news/china/science/article/3333522/chief-scientist-chinas-top-naval-research-institute-detained-over-faked-credentials?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3333522/chief-scientist-chinas-top-naval-research-institute-detained-over-faked-credentials?utm_source=rss_feed Thu, 20 Nov 2025 14:00:09 +0000 Bloomberg Bloomberg China’s Sany Heavy Industry is starting to gauge investor interest in its Hong Kong listing, according to the deal’s terms seen by Bloomberg News, inching closer to what would be among the city’s biggest first-time share sales this year. The construction-machinery maker would conduct so-called investor-education meetings this week starting Monday, the terms showed. The company planned to list its shares in the coming weeks to raise around US$1.5 billion, people familiar with the matter... https://www.scmp.com/business/companies/article/3328739/chinas-sany-heavy-starts-gauging-investor-interest-hong-kong-stock-offering?utm_source=rss_feed https://www.scmp.com/business/companies/article/3328739/chinas-sany-heavy-starts-gauging-investor-interest-hong-kong-stock-offering?utm_source=rss_feed Mon, 13 Oct 2025 02:21:48 +0000 Yujie Xue Yujie Xue Sany Heavy Industry, one of China’s largest heavy equipment manufacturers, plans to use the sum of up to US$1.5 billion that it could raise in a proposed Hong Kong initial public offering (IPO) to support global expansion, despite ongoing trade tensions between China and the US, according to an executive. The Shanghai-listed company will use the capital to expand its sales and service networks outside China, Jiang Qingbin, vice-president of parent company Sany Group told the Post on Friday. The... https://www.scmp.com/business/banking-finance/article/3309810/heavy-equipment-maker-sany-eyes-doubling-overseas-revenue-after-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3309810/heavy-equipment-maker-sany-eyes-doubling-overseas-revenue-after-hong-kong-ipo?utm_source=rss_feed Sun, 11 May 2025 03:00:14 +0000 Reuters Reuters Chinese manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two people familiar with the matter said on Tuesday. The people could not be named as they were discussing confidential information. Sany did not immediately respond to a request for comment. Sany Heavy Industry has tapped Bank of America, JPMorgan and Citic Securities to work on the potential float, the people said. The listing could happen in the second half of this year, one of... https://www.scmp.com/business/banking-finance/article/3299135/chinas-sany-heavy-industry-eyes-us15-billion-hong-kong-ipo-sources-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3299135/chinas-sany-heavy-industry-eyes-us15-billion-hong-kong-ipo-sources-say?utm_source=rss_feed Tue, 18 Feb 2025 07:48:44 +0000 The US-China phase-one trade deal, under which Beijing committed to huge purchases of agricultural products, is a shot in the arm for farmers in America’s heartland. But the overall picture still looks grim, especially for Chinese investment in the US. According to global research firm Mergermarket, purchases of US firms by Chinese buyers has plummeted by 95 per cent, from US$55.3 billion in 2016, to US$3 billion in 2018. It can be argued that with China purchasing more US farm goods, more jobs... https://www.scmp.com/comment/opinion/article/3047035/chinese-investment-saving-american-factories-and-manufacturing?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3047035/chinese-investment-saving-american-factories-and-manufacturing?utm_source=rss_feed Wed, 22 Jan 2020 19:00:12 +0000 Sany Heavy Industry, China’s biggest heavy machines manufacturer by sales, last week started assembling from scratch hydraulic excavators at its US headquarters in suburban Atlanta, Georgia. The company is putting together its SY215 and SY265 models from broken-down parts sourced from China, as well as the United States, Japan and South Korea, in what is known as completely knocked-down production. Until October 2018, it was importing only complete machines from China. “They are in the... https://www.scmp.com/business/companies/article/3017687/chinese-excavator-giant-sany-digs-long-haul-sidesteps-trump?utm_source=rss_feed https://www.scmp.com/business/companies/article/3017687/chinese-excavator-giant-sany-digs-long-haul-sidesteps-trump?utm_source=rss_feed Mon, 08 Jul 2019 14:00:21 +0000 Dim sum bond MPF fund on the way Offshore yuan bonds, known as dim sum bonds, will join the investments eligible for the Mandatory Provident Fund on March 4, when Invesco and BCT offer a dim sum bond MPF fund. It is the first MPF bond fund of which at least 70 per cent of the net asset value will be in yuan-denominated bonds issued outside the mainland. Kanis Li   Sany earnings slump 35.4pc as costs rise Coal-mining machinery maker Sany Heavy Equipment International reported a sharp drop of 35.4... https://www.scmp.com/business/china-business/article/1158665/business-digest-february-26-2013?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1158665/business-digest-february-26-2013?utm_source=rss_feed Mon, 25 Feb 2013 16:00:00 +0000 One of China's richest men, Liang Wengen, yesterday denied he would become an alternate member of the Communist Party's Central Committee, putting to bed rumours that have persisted since last year. Liang, one of about 30 party congress delegates from the private sector, said in a group interview last night the speculation was "chasing the wind and clutching at shadows", adding that someone had been trying to make people think he was manipulating the media for personal gain before the... https://www.scmp.com/news/china/article/1080319/i-wont-join-central-committee-tycoon-liang-wengen-insists?utm_source=rss_feed https://www.scmp.com/news/china/article/1080319/i-wont-join-central-committee-tycoon-liang-wengen-insists?utm_source=rss_feed Sun, 11 Nov 2012 16:00:00 +0000 A lawsuit by Chinese-linked Ralls Corp against US President Barack Obama, Treasury Secretary Timothy Geithner and the Committee on Foreign Investment in the United States (CFIUS) has been called a lesson for mainland companies expanding overseas. Ralls, of which mainland construction machinery maker Sany is an affiliate, has been ordered to divest its interest in four windfarms in the US state of Oregon amid national security concerns. "We do not threaten US national security, have not broken... https://www.scmp.com/business/money/markets-investing/article/1064444/ralls-lawsuit-against-obama-lesson-china-investors?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1064444/ralls-lawsuit-against-obama-lesson-china-investors?utm_source=rss_feed Thu, 18 Oct 2012 16:00:00 +0000 Sany Group, China's biggest machinery maker, has said it will fight to get compensation after US President Barack Obama barred the building of wind farms near a navy base in Oregon. Sany legal spokesman Zhou Qing said the farms posed no threat to American national security and Obama's move was probably made to serve his election campaign. He said his company would seek a "fair and square result". Obama on Friday ordered Ralls Corp, owned by two Sany executives, to remove all property and... https://www.scmp.com/business/china-business/article/1051098/sany-set-legal-battle-over-wind-farm-ban?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1051098/sany-set-legal-battle-over-wind-farm-ban?utm_source=rss_feed Sun, 30 Sep 2012 16:00:00 +0000 The number of billionaires on the mainland fell for the first time in seven years, amid a slump in the property sector and falling stock prices, a group that tracks their fortunes said yesterday. The mainland had 251 people worth US$1 billion or more, 20 fewer than last year, said the Hurun Report. The list records the 1,000 richest people. Topping this year's list, with a fortune of US$12.6 billion, is beverage magnate Zong Qinghou, the founder of Hangzhou Wahaha, who reclaimed the spot he... https://www.scmp.com/business/money/money-news/article/1046367/number-super-rich-drops-mainland?utm_source=rss_feed https://www.scmp.com/business/money/money-news/article/1046367/number-super-rich-drops-mainland?utm_source=rss_feed Mon, 24 Sep 2012 16:00:00 +0000