PRE-MARKET CHINESE STOCK NEWS: US delays blacklisting China's DeepSeek and over 100 Chinese firms deemed national security risks, to avoid escalating tensions with Beijing

China Jinmao Holdings Group (817 HK) - Co. will purchase its JV partner’s 51% stake in the Tianjin Residential Project from Jiaxing Congmao for CNY 884.2mln. (Newswires)

China Mobile (941 HK) - Co. appointed Chen Yangfan as CEO, effective immediately. (Newswires)

Kingboard Laminates Holdings (1888 HK) - Co. said a Kingboard Holdings unit will sell 155mln shares at HKD 76.0/shr to Citigroup and Merrill Lynch Asia Pacific, with the placing price at an 11.5% discount to the prior close. (Newswires)

Lingyi iTech (002600 CH) - Co. said the international offer shares under its Hong Kong global offering total 730.6mln H shares at up to HKD 10.18/shr, with trading expected to begin on June 26. (Newswires)

Ningbo Runhe High-Tech Materials (300727 CH) - Co. said its unit is in partnership with NVIDIA to develop optics and optical interconnect technologies, which are in the development phase and have not yet been commercialised. (Newswires)

Tesson Holdings (1201 HK) - Co.’s unit signed an MOU with China Railway First Group for Hong Kong solar storage EV charging hubs. (Newswires)

WuXi Biologics (2269 HK) - Co. entered a process development and manufacturing services agreement with BioDlink. (Newswires)

Yum China (9987 HK) - Co. will take full ownership of Pizza Hut China in a USD 1.2bln deal. (SCMP)

Other News

US delays blacklisting China's DeepSeek and over 100 Chinese firms deemed national security risks, to avoid escalating tensions with Beijing. (Newswires)

China NDRC said it will boost the marine economy to increase job creation, promote the use of AI and expand development of traditional fisheries. (Newswires)

Data Recap

Hong Kong Unemployment Rate 3.7% (Prev. 3.7%). (Newswires)