PRE-MARKET CHINESE STOCK NEWS: CRRC Corporation (601766 CH) disclosed new contract wins worth CNY 51.6bln for the April-June period; Hong Kong markets are closed for a holiday

China Oilfield Services (601808 CH) - Co. said Chair and CEO Zhao Shunqiang resigned, appointed Shang Jie as president and Liu Jianzhong as CEO. (Newswires)

Chongqing Iron & Steel (601005 CH) - Co. prelim. H1 (CNY) net loss 179.0mln (prev. loss 131.0mln Y/Y) and adj. net loss 203.0mln, citing weakness in domestic steel supply and demand. (Newswires)

CRRC Corporation (601766 CH) - Co. disclosed new contract wins worth CNY 51.6bln for the April-June period. (Newswires)

Dongfang Electric Corporation (601018 CH) - Co. said Chair Tao Chengbo stepped down, effective immediately. (Newswires)

HSBC (5 HK) - Co. is reportedly in talks with Emirates NBD to sell its Turkey operations. (Newswires)

YTO Express (600233 CH) - Co. prelim. H1 (CNY) net rose 69-85% Y/Y to 3.10bln-3.40bln. (Newswires)

Xiaomi (1810 HK) - Co. is said to have cut its 2026 smartphone shipment target by around 30% to about 95mln units, after previously guiding suppliers to a weaker target of about 135mln units versus roughly 170mln units shipped in 2025. (Newswires)

Gaming/Tech - China's gaming regulator (NPPA) approved 163 domestic online games in June versus 154 in May, while approvals for imported online games rose to eight from four. (Newswires)

Other News

China's Politburo called for strong measures to address flooding and drought. (Newswires)

China's securities regulator (CSRC) is set to hold a meeting on financial fraud protection. (Newswires)

China will adopt anti-dumping measures on Canadian pea starch and collect deposits of up to 73.5%. (Newswires)

US is drafting a ban on Chinese energy inverters over security concerns. (Newswires)