PRE-MARKET CHINESE STOCK NEWS: SHEIN is reportedly proceeding with preparations for a Hong Kong IPO and is awaiting CSRC approval in the coming months

CGN Power (1816 HK) - Co. H1 power generation fell 2.1% Y/Y to 117.8GWh. (Newswires)

China Hongqiao (1378 HK) - Co. prelim. H1 (CNY) net rose to 18.8bln (prev. 13.6bln Y/Y). (Newswires)

China Longyuan Power (0916 HK) - Co. Jun power generation fell 7.5% Y/Y to 5.35TWh. (Newswires)

China Vanke (2202 HK) - Co. prelim. H1 (CNY) loss widened to 12.0-15.0bln (prev. loss 11.95bln Y/Y), as weakness in the property market weighed on results. (Dow Jones Newsplus)

CMOC Group (3993 HK) - Co. prelim. H1 (CNY) net rose 79-90% Y/Y to 15.5-16.5bln. (Newswires)

Greenland Hong Kong (0337 HK) - Co. Jun YTD (CNY) contracted sales rose to 4.45bln (prev. 2.97bln Y/Y). (Newswires)

Guangzhou Automobile Group (2238 HK) - Co. prelim. H1 (CNY) loss widened to 4.06-4.57bln (prev. loss 2.54bln Y/Y), as increased competition, lower investment income and FX losses weighed on results. (Dow Jones Newsplus)

Hong Kong Technology Venture (1137 HK) - Co. Jun (HKD) GMV rose 10% Y/Y to 718mln. (Newswires)

Insilico Medicine (3696 HK) - Co. announced an additional drug-development collaboration with CMS in central nervous system diseases and is eligible to receive milestone payments of up to CNY 1.2bln. (Newswires)

JD.com (9618 HK) - Co. is acquiring Hong Kong's Silka Seaview Hotel for HKD 750mln and plans to convert it into student accommodation by H2 2026, marking its entry into the city's student-housing market. (Nikkei)

Seres Group (601127 CH) - Co. prelim. H1 (CNY) swung to a loss of 1.50-1.80bln (prev. net 3.73bln Y/Y), as higher memory-chip prices increased production costs. (Dow Jones Newsplus)

Tech - China's State Council urged the faster development of digital infrastructure. (Newswires)

IPO

SHEIN is reportedly proceeding with preparations for a Hong Kong IPO and is awaiting CSRC approval in the coming months. (Newswires)

Chinese space and rocket companies are reportedly accelerating IPO plans as they seek to capitalise on growing investor interest. (Economic Information Daily)

Other News

China is tightening oversight of capital market information, according to the China Securities Journal. (China Securities Journal)

Chinese media said the country's K-shaped economic recovery is strengthening the case for additional policy stimulus. (Chinese press)