Market Chatter: China's Solar Makers Form 3 Billion Yuan Entity to Tackle Industry Glut

MT Newswires Live

2025/12/11

China's polysilicon producers have teamed up to form Beijing Guanghe Qiancheng Technology to address severe overcapacity in the solar industry, Reuters reported Wednesday.

The new entity was registered in Beijing on Dec. 9 with a capital of 3 billion yuan, according to the report.

Tongwei (SHA:600438) indirect unit of Tongwei Solar Technology holds the biggest stake in Beijing Guanghe Qiancheng Technology at 30.4%, Reuters wrote. GCL Technology (HKG:3800) is the second largest shareholder.

Other shareholders were linked to Xinte Energy (HKG:1799) and CSG Holding (SHE:000012), according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0028","symbol_name":"国家队","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2590259359","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590259359","pubTimestamp":1765440121,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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