PRE-MARKET CHINESE STOCK NEWS: Luxshare prepares for Hong Kong IPO, SEA looking to sell BoE building, Tencent signs 10-year deal with Thryve.Earth

China

Anhui Jianghuai Automobile (600418 CN) - Co. reports June vehicle sales of 31.9K, +19.1% Y/Y; vehicle production 27.9K, -14.6% Y/Y. (Anhui Jianghuai Automobile)

Autos - The CPCA says retail sales of passenger vehicles fell 23.2% Y/Y to 1.6mln units. NEV sales fell 9% Y/Y. 

Knowledge Atlas Technology (2513 HK) - Co. is looking to raise c. USD 4bln through its Hong Kong share sale, pricing at HKD 1,588/shr. (Bloomberg)

Luxshare Precision Industry (002475 CN/2475 HK) - Co. is set to begin trading in Hong Kong on Thursday after raising HKD 24.3bln. (Newswires)

Nexchip Semiconductor (688249 CN) - Co. says it aims to raise around HKD 6.98bln from its Hong Kong share sale, offering 216.2mln shares at HKD 32.30/shr. (Nexchip Semiconductor)

SEA Holding (0251 HK) - Co. has reportedly hired advisors to offer for sale of an office building leased to the Bank of England, Bloomberg reports. (Bloomberg)

Shanghai Iluvatar CoreX Semiconductor (9903 HK) - Co. is reportedly looking to raise c. USD 850mln from a share sale, offering shares between HKD 476-498.40/shr, Bloomberg reports. (Bloomberg)

Tencent (0700 HK) - Co. has entered into a 10-year agreement with Thryve.Earth to buy 300k carbon removal credits generated from a project in Indonesia. (Tencent)

Other News

• China's President Xi says will focus on AI and chip sectors and to take more forceful steps on technology development.
• The PBoC, after its Q2 MPC meeting, says it would maintain an appropriately loose monetary policy and ramp up financial support to revive domestic consumption. The Bank added that China’s economy has remained generally stable but is still facing challenges including strong supply but weak demand, structural divergences and external shocks.
• China reportedly plans to allow some of their biggest AI companies, including Alibaba, ByteDance, and DeepSeek to purchase a "small" number of Nvidia (NVDA) H200 chips, The Information reports citing sources.
• The US Senate committee will reportedly vote next week on a bill to toughen the US government ban on Chinese automakers from entering the US market
• Chinese oil refiners have reportedly been granted more permits to export gasoline, diesel and jet fuel in July. 
• China’s National ​Vulnerability Database has warned that it has identified a serious security backdoor risk in Anthropic’s Claude Code.