CFHI, Harbin Electric deny 'marriage' report

China First Heavy Industries Co and Harbin Electric Corp have rubbished media reports of a possible merger between the two State-owned firms.

Shanghai-based China Business Weekly, quoting people close to the matter on Tuesday, said that CFHI and Harbin Electric were close to a possible marriage. Moreover, a work report of the government of Qiqihar, a city in Heilongjiang province where CFHI is based, published in a local newspaper said that "the government will fully support the merger of CFHI and Harbin Electric Corp and the reform of State-owned enterprises".

Harbin Electric is headquartered in Harbin, the capital Heilongjiang province.