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China Huaneng, Sinochem become first central SOEs to relocate to Xiong'an

Summary by Ecns
China Huaneng Group and Sinochem Holdings held flag-raising ceremonies Thursday in Xiong'an New Area, Hebei Province, becoming the first central state-owned enterprises to officially relocate to the region, according to local authorities.
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Ecns broke the news in China on Thursday, October 9, 2025.
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