Hi Rik
I have some similar holders although not made in China, the larger screw that tightens the lever that clamps down on the insert may have a hex drive top and bottom allowing you to use two hex keys at a time on the same screw you may find your screw has the same configuration. This allows double the force to be applied without risking cracking the hex socket.
The screw is actually a differential screw with two different threads, if you remove it completely you may find it does not engage the clamp correctly the clamp will be too high or low. try it a couple of times until you get the correct sequence to set the clamp in the right position.
The single central pin screw also should have a cam action that when you tighten it draws the insert laterally towards the holder. Try using two keys on it too, It should move.
I rather like this setup a very secure system that securely clamps the insert.
Regards
John