PRE-MARKET CHINESE STOCKS NEWS: Alibaba's (9988 HK) Accio e-commerce AI agent completes e-commerce tasks at more than 50% lower estimated cost than Anthropic’s Claude Code
PBoC injects CNY 3bln in 7-day reverse repos with rate at 1.40%
US President Trump says past two years have been the most successful and we will make our country stronger, safer, richer and freer than ever before
PRE-MARKET CHINESE STOCKS NEWS: Alibaba's (9988 HK) Accio e-commerce AI agent completes e-commerce tasks at more than 50% lower estimated cost than Anthropic’s Claude Code
PBoC sets USD/CNY mid-point at 6.7766 vs Exp. 6.7074 (prev. 6.7769)
LME says steel futures contract with Shanghai price to start on October 27th
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Alibaba (9988 HK) - Co.’s Accio e-commerce AI agent completes e-commerce tasks at more than 50% lower estimated cost than Anthropic’s Claude Code. (Newswires)
Bilibili (BILI) - Co. completed a USD 500mln convertible senior unsecured notes offering due 2031 and repurchased USD 100mln of shares; notes carry no regular interest. (Newswires)
BOC Aviation (2588 HK) - Co. purchase and long-term lease of a dozen Airbus A320neo aircraft with Avianca is scheduled for delivery in 2029. (Newswires)
New World Development (3330 HK) - Co. will purchase the remaining 50% stake in Tabar Islands Holdings for an initial AUD 410mln, equivalent to CNY 1.993bln. (Newswires)
Tencent Music Entertainment (1698 HK) - Fitch affirmed the Co.’s rating at A- with a Stable outlook. (Newswires)
Other News
Chinese authorities warned bankers not to flood the IPO market with low-quality companies. (FT)
Doubts over US Treasuries are reportedly opening the window for further yuan globalisation. (Chinese Securities Times)
China is reportedly willing to hold AI discussions with the US despite disputes over AI models. (Newswires)
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