PRE-MARKET CHINESE STOCKS NEWS: CATL (300750 CH) and Tencent (700 HK) may invest USD 2bln in DeepSeek, while the funding round could value the startup as much as USD 59bln

Beiqi Foton Motor Group (600166 CN) - Co. reported May vehicle production rose 13.2% Y/Y to 55.9k and vehicle sales rose 17.3% Y/Y to 58.2k. (Newswires)

Cathay Pacific Airways (293 HK) - Co. said CFO Rebecca Sharpe resigned and named Gavin March as CFO, effective immediately. (Newswires)

China Overseas Grand Oceans Group (81 HK) - Co. reported May contracted sales rose 26.6% Y/Y to CNY 3.81bln. (Newswires)

China Overseas Land & Investment (688 HK) - Co. reported May contracted sales rose 14.4% Y/Y to CNY 27.3bln. (Newswires)

China Unicom (762 HK) - Co. said a subsidiary entered into an MOU with China Unicom Hong Kong, effective 2nd June 2026 for a term of 36 months, with the subsidiary intending to obtain 8-10MW of IDC resources for sublease. (Newswires)

Chongqing Changan Automobile (000625 CN) - Co. reported May vehicle unit sales fell 19.7% Y/Y to 180.1k, while production rose 2.5% Y/Y to 195.1k. (Newswires)

Automakers

Leading Chinese carmakers like BYD (1211 HK) and Chery Automobile (9973 JT) are reaping rewards from their efforts to boost sales abroad, as they chase higher profitability amid rising demand for EVs (Newswires)

Banks

Some banks suspended opening Hong Kong accounts for mainland Chinese clients intended for overseas investments. (Newswires)

Tech

CATL (300750 CH) and Tencent (700 HK) may invest USD 2bln in DeepSeek, while the funding round could value the startup as much as USD 59bln. (Newswires)