PRE-MARKET CHINESE STOCK NEWS: China Vanke (2202 HK) appointed Yu Huang as president, effective immediately

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[MARKET UPDATE] Risk sentiment in Asia-Pac improves with all major indices now in the green after the Nikkei 225 and KOSPI gradually recouped early losses

PBoC injects CNY 63bln via 7-day reverse repos with rate maintained at 1.40%

PRE-MARKET CHINESE STOCK NEWS: China Vanke (2202 HK) appointed Yu Huang as president, effective immediately

PBoC sets USD/CNY mid-point at 6.8047 vs exp. 6.7808 (prev. 6.8088)

Japanese Finance Minister Katayama says won't comment on specific FX levels, but reiterates ready to respond appropriately to currency moves

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China Merchants Shekou Industrial Zone Holdings (001979 CN) - Co. reported June contracted sales of CNY 20.2bln versus CNY 21.8bln Y/Y. (Newswires)

China National Nuclear Power (601985 CN) - Co. reported H1 commercial power generation of 119.7GWh, fell 1.7% Y/Y. (Newswires)

China Power Development (2380 HK) - Co. said its units signed an EPC contracting agreement with the Shandong Institute worth CNY 219.9mln. (Newswires)

China Vanke (2202 HK) - Co. appointed Yu Huang as president, effective immediately. (Newswires)

Country Garden (2007 HK) - Co. reported June contracted sales of CNY 2.45bln versus CNY 2.81bln Y/Y. (Newswires)

CSPC Pharmaceutical Group (1093 HK) - Co. entered into a collaboration and licensing agreement with AstraZeneca for siRNA drugs. (Newswires)

Guangzhou Automobile Group (2238 HK) - Co. reported June vehicle production of 145k versus 153k Y/Y and sales of 145k versus 150k Y/Y. (Newswires)

Poly Property Group (119 HK) - Co. expects a H1 loss of CNY 700-800mln versus a profit of CNY 208mln Y/Y. (Newswires)

Shenzhen Expressway (548 HK) - Co. said Chair Xu Enli has stepped down with immediate effect. (Newswires)

Tencent (700 HK) - Co. announced repurchases of 1.146mln shares worth approximately HKD 500mln as part of its previously announced buyback. (Newswires)

Yutong Bus (600066 CN) - Co. reported June vehicle sales of 5.2k, fell 11.9% Y/Y, and production of 4.5k, fell 18.6% Y/Y. (Newswires)

Zhejiang Huafeng Spandex (002064 CN) - Co. prelim. H1 (CNY) net rose to 1.68-2.08bln from 983mln Y/Y. (Newswires)

Data

  • Hong Kong May Retail Sales Value Rose 7.9% Y/Y (exp. 6.7%), while Retail Sales Volume rose 4.8% Y/Y (exp. 4.3%). (Newswires)

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