Headlines

PRE-MARKET CHINESE STOCKS NEWS: China Communist Party plenum will be held October 26th-29th

Newsquawk Staff ·

China Coal Energy (1898 HK) - Co. Q3 (CNY) net fell 3.8% Y/Y to 4.60bln, rev. rose 17.4% Y/Y to 42.5bln. (Newswires)

China National Building Material (3323 HK) - Co. 9M (CNY) net loss 728mln (vs. guided loss 760mln), rev. fell 2.6% Y/Y to 130bln. (Newswires)

China National Chemical Engineering (601117 CH) - Co. September YTD (CNY) new contracts rose 19.2% M/M to 285bln. (Newswires)

China Oilfield Services (601808 CH) - Co. Q3 (CNY) net fell 2.4% Y/Y to 1.22bln, rev. rose 3.5% Y/Y to 11.9bln. (Newswires)

China Resources Building Materials Technology (1313 HK) - Co. Q3 (CNY) net loss 355mln (prev. profit 24.3mln Y/Y), rev. fell 13.8% Y/Y to 4.19bln. (Newswires)

China Shenhua Energy (1088 HK) - Co. Q3 (CNY) net rose 3.3% Y/Y to 15.7bln, rev. rose 11.2% Y/Y to 107bln. (Newswires)

CMOC Group (3993 HK) - Co. Q3 (CNY) net rose 40.3% Y/Y to 7.87bln, rev. rose 41.9% Y/Y to 72.0bln. (Newswires)

EVE Energy (300014 CH) - Co. Q3 (CNY) net 1.94bln (exp. 2.19bln), rev. 27.7bln (exp. 27.8bln). (Newswires)

Goertek (002241 CH) - Co. Q3 (CNY) net 1.15bln (exp. 1.38bln), rev. 28.2bln (exp. 32.3bln). (Newswires)

Hisense Home Appliances (921 HK) - Co. Q3 (CNY) net 191mln (exp. 764mln), rev. 20.3bln (exp. 22.0bln). (Newswires)

Innovent Biologics (1801 HK) - Co.'s Phase 3 G-HOPE-001 trial of arcotatug tavatecan in previously treated CLDN18.2-positive gastric or gastroesophageal junction cancer met its primary OS and PFS endpoints, with median OS of 10.2 months vs. 6.9 months in the control group. (Newswires)

Livzon Pharmaceutical (1513 HK) - Co. Q3 (CNY) net fell 24.8% Y/Y to 356mln, rev. 2.32bln (exp. 2.56bln). (Newswires)

Meituan (3690 HK) - Co. proposes to offer CNY-denominated senior notes internationally to professional investors only. (Newswires)

Ping An Bank (000001 CH) - Co. Q3 (CNY) net 13.5bln (prev. 13.5bln Y/Y), net interest income 22.5bln (prev. 22.1bln Y/Y), NPL ratio 1.05% (prev. 1.05% Y/Y). (Newswires)

Shein Global Holdings (625 HK) - Co. reportedly reached an agreement to pay USD 100mln to settle a US FTC investigation, with the Co. stating it had reached a constructive outcome. (Newswires)

Sinoma Science & Technology (002080 CH) - Co. Q3 (CNY) net rose 45.9% Y/Y to 702mln, rev. rose 12.4% Y/Y to 9.41bln. (Newswires)

Sinopharm Group (1099 HK) - Co. 9M (CNY) net rose 0.2% Y/Y to 5.31bln, operating profit 10.9bln, rev. fell 0.9% Y/Y to 427.6bln. (Newswires)

Zijin Mining (2899 HK) - Co. Q3 (CNY) net rose 26.0% Y/Y to 18.4bln, rev. rose 3.2% Y/Y to 89.3bln. (Newswires)

Insurers

Hong Kong's insurance watchdog is tightening oversight of the premium financing market amid emerging risks and concerns over lending arrangements expanding to lower-tier insurance buyers, while reviewing how insurers assess clients' affordability. (SCMP)

Crypto

Standard Chartered (2888 HK), through its stablecoin joint venture Anchorpoint, plans to launch a retail product on a public blockchain while maintaining a prudent approach, following the launch of HSBC (5 HK)'s RedCoin on Friday. (SCMP)

Other News

China's MOFCOM said it firmly opposes the US Treasury's proposed expansion of restrictions on US investment in China, describing the measures as discriminatory and contrary to the consensus reached by the two countries' presidents, warning they would harm bilateral economic cooperation and US companies' interests, while reserving the right to take corresponding measures.

What it means

The scheduling of a plenum is the item that frames the session, since these conclaves are where medium-term policy direction is set rather than where immediate measures are announced. Plenums of this type have historically been vehicles for the five-year planning cycle and for signalling priorities on industrial policy, consumption support and the property sector; the market-moving content has tended to come from the communique released at the close and any accompanying personnel or doctrinal shifts, not from the meeting itself. In past episodes the equity and commodity response has hinged on whether the readout leans toward demand-side stimulus or reaffirms supply-side and security-first framing, with the former lifting the property-adjacent complex and the latter favouring strategic sectors. The crosscurrent in the same tape is instructive: miners and diversified materials names are printing strong earnings while cement and building materials names swing to losses, a split consistent with an economy where commodity exporters benefit from global pricing while domestic construction demand remains the weak leg. The MOFCOM pushback on expanded US outbound-investment restrictions adds a second watch item, since retaliatory language reserving the right to respond has, on previous occasions, preceded concrete countermeasures aimed at specific sectors rather than blanket escalation. The tells are the closing communique language on consumption and property, any follow-through from either capital on investment restrictions, and whether the divergence between upstream earnings strength and downstream weakness persists into the next reporting round.

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