PRE-MARKET CHINESE STOCKS NEWS

CHINA

• Asia Allied Infrastructure Holdings (0711 HK) – Co. reports H1 revenue of HKD 4,930mln and H1 net income of HKD 61.2mln. (Newswires)
• China Industrial Securities International Financial (6058 HK) – Co. secures HKD 200mln uncommitted short-term loan facility from a bank. (Newswires)
• China Isotope & Radiation (1763 HK) – Zhonghe Headway obtains clinical trial approval for BNCT boron drug. (Newswires)
• China Resources Power (0836 HK) – Liu Xiusheng resigns as executive director; Hou Yongjie appointed as executive director. (Newswires)
• China Shenhua Energy (601088 CH) – Co. plans to buy 10 firms and stakes in two others for RMB 133.6bln; Co. and controlling shareholder to jointly inject RMB 15bln into CHN Energy Finance. (Newswires)
• Chongqing Iron & Steel (601005 CH) – Co. plans to raise up to RMB 1bln via A-share private placement to replenish capital and repay bank loans. (Newswires)
• CSPC Pharmaceutical (1093 HK) – Zhang Cuilong steps down as vice-chairman and CEO; Cai Lei appointed vice-chairman, CEO and executive director; Wei Qingjei appointed vice-chairman; SYH2085 tablets obtain clinical trial approval in China. (Newswires)
• CWT International (0521 HK) – GTS Shipping agrees to purchase additional copper cathodes from MRI Trading; contract consideration not to exceed USD 5mln. (Newswires)
• Datang International Power Generation (601991 CH) – Co. to entrust Bank of China to provide RMB 600mln loan for Chaozhou power generation project. (Newswires)
• ENN Energy (2688 HK) – Co. issues asset-backed securities; total ABS program size not to exceed RMB 4bln. (Newswires)
• Esprit Holdings (0330 HK) – Pak William Eui Won resigns as executive director and CEO; Chiu Christin Su Yi resigns as executive director and chairperson; Wright Bradley Stephen appointed acting chairman; Liu Jianyi and Li Hui appointed as executive directors. (Newswires)
• Freetech Road Recycling Technology (6888 HK) – Co. expects FY net loss of about HKD 50mln due to impairment of trade receivables and contract assets. (Newswires)
• Gilston Group (2011 HK) – Co.’s unit to sell entire stake in Kee (Hubei) Zippers Manufacturing for RMB 40mln. (Newswires)
• Hangzhou Silan Microelectronics (600460 CH) – Co. plans to apply for up to RMB 1.5bln in policy-based financial instrument loans from China Development Bank’s unit for chip project. (Newswires)
• Hisense Home Appliances Group (000921 CH) – Units subscribed for Jingu Trust wealth management products totalling RMB 1.89bln from Oct 14 to Dec 19. (Newswires)
• International Housewares Retail (1373 HK) – Co. reports H1 revenue of HKD 1,196.9mln and net income attributable of HKD 27.5mln; declares interim dividend of HKD 3.0 cents per share. (Newswires)
• Jacobio Pharma (1167 HK) – Co. enters global exclusive license agreement with AstraZeneca for pan-KRAS inhibitor JAB-23E73. (Newswires)
• Liaoning Port (601880 CH / 2880 HK) – Court formally accepts bankruptcy liquidation application of DCT Logistics. (Newswires)
• Minsheng Education (1569 HK) – Hang Seng Bank to provide term loan facility of up to RMB 300mln. (Newswires)
• Moody Technology (1400 HK) – Co. enters MoU with Hangzhou Yuanzhu Zuocheng Technology to leverage core strengths on sales and promotion. (Newswires)
• PetroChina (0857 HK / 601857 CH) – Zhou Xinhuai appointed as vice-chairman. (Newswires)
• Qingdao Port International (601298 CH) – Co. plans to invest RMB 15.7bln in two dock projects; to purchase levels 2–7 at Tower A for RMB 286.4mln. (Newswires)
• Rongta Technology (Xiamen) (9881 HK) – Co. intends to acquire Shenzhen Yanke Digital for not more than RMB 65mln. (Newswires)
• Shanghai Henlius Biotech (2696 HK) – Phase 1 clinical trial of nivolumab biosimilar HLX18 approved by US FDA. (Newswires)
• Suzhou Zelgen Biopharmaceuticals (688266 CH) – Co. submits application for Hong Kong listing. (Newswires)
• Tencent (0700 HK) – Co. buys back 1mln shares for HKD 635.8mln on Dec 19. (Newswires)
• Tianjin Port Development (3382 HK) – Units to purchase portal cranes and related systems for a combined RMB 339.8mln; unit enters platform construction agreement for RMB 31.9mln; unit signs quay crane renovation projects. (Newswires)
• Tongguan Gold Group (0340 HK) – Co. to buy 100% equity interest in Longxin Construction Development for total consideration of RMB 260mln, satisfied by allotment of shares. (Newswires)
• Xiaomi (1810 HK) – Co. buys back 3.8mln Type B shares for HKD 151.8mln on Dec 19. (Newswires)

Other News

• China reportedly targets operating liabilities of local government financing vehicles to curb debt risks, according to Shanghai Securities News citing analysts.
• Chinese Loan Prime Rate 1Y (Dec) 3.00% vs. Exp. 3.00% (Prev. 3.00%); 5Y (Dec) 3.50% vs. Exp. 3.50% (Prev. 3.50%)