PRE-MARKET CHINESE STOCK NEWS: Tencent (700 HK) is trialling its TenPayGo app, a one-stop digital services platform that includes mobile payments
Kyocera (6971 JT) is to invest JPY 650bln in AI semiconductor components, according to Nikkei
[CALENDAR ADDITION] US President Trump will sign executive orders at 15:00EDT/20:00BST on Monday
PRE-MARKET CHINESE STOCK NEWS: Tencent (700 HK) is trialling its TenPayGo app, a one-stop digital services platform that includes mobile payments
PBoC sets USD/CNY mid-point at 6.8175 vs exp. 6.8041 (prev. 6.8166)
US Department of Justice closed a criminal probe on Abbott Laboratories (ABT) over baby formula plant and opted for civil penalties, according to WSJ
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Baidu (9588 HK) - Co.'s AI chip unit Kunlunxin targets USD 50bln Hong Kong listing.
China Gas Holdings (384 HK) - Co. FY (HKD) net 2.72bln vs exp. 2.88bln, rev. 73.6bln vs exp. 77.1bln. (Newswires)
China Power International Development (2380 HK) - Co. reported May total electricity sold of 10.8TWh, rose 4.6% Y/Y. (Newswires)
CITIC Resources (1205 HK) – Co. substantial shareholder sold a stake of more than 10% in the Co., with trading set to resume today. (AAStocks)
Geely Automobile (175 HK) - Co. plans to begin shipping Lotus EVs to Canada starting in July, according to the press. (Newswires)
Tencent (700 HK) - Co. is trialling its TenPayGo app, a one-stop digital services platform that includes mobile payments. (Newswires)
Tuhu Car (9690 HK) - Co. confidentially submitted a filing to Chinese regulators for a proposed US IPO via ADRs and approved Class A share buybacks and trustee purchases of up to HKD 1.5bln. (Newswires)
Tech - Apple is pressing the White House for approval to buy memory chips from blacklisted CXMT. (FT)
Other News
China can withstand a further deterioration or a freeze in economic and trade ties with the EU, according to CCTV-affiliated social media account Yuyuantantian. (Newswires)
Data Recap
- Chinese Industrial Profits YY (May) 21.1% (Prev. 24.7%)
- Chinese Industrial Profits YTD YY (May) 18.8% (Prev. 18.2%)
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