PRE-MARKET CHINESE STOCKS NEWS: China is reportedly taking measures to stabilise the stock market by urging corporates and state funds to buy equities; Hong Kong market closed on Monday for Chung Yeung Festival

Asia Cement (China) (743 HK) - Co. expects a 9M loss of c. RMB 301mln vs. a profit of c. RMB 146mln a year earlier, due to lower cement sales volumes and prices, as well as impairments on production lines withdrawn under capacity replacement. (AASTOCKS)

CXMT (688825 CH) - Co. preliminary 9M (CNY): net income 131-132.5bln; Chairman proposed buying back Co.'s A-shares worth CNY 1-2bln. (Newswires)

GD Land (124 HK) - Co. expects a 9M profit of at least HKD 240mln vs. a loss of c. HKD 16mln a year earlier, mainly due to a substantial decrease in inventory impairment provisions. (AASTOCKS)

HKEX (388 HK) - Co. delayed the implementation of T+1 trade settlement to September 2028 from its proposed Q4 2027 timeline, following industry requests for more preparation time. (SCMP)

Huadian Power International (1071 HK) - Co. 9M power generation fell c. 13.1% Y/Y to 175mln MWh and on-grid generation fell c. 13.2% Y/Y to 164mln MWh, mainly due to abundant hydropower in some regions where its assets are located. (AASTOCKS)

Li Auto (2015 HK) - Co.'s chip unit Shanghai Mahexin Technology signed a RMB 1.625bln first-round financing agreement, with a maximum post-money valuation of RMB 17.1bln if additional subscription rights are fully exercised. (AASTOCKS)

New World Development (17 HK) - Co. is reportedly in preliminary talks with banks to seek a two-year extension for a c. HKD 88bln loan, with plans to repay 10% of the principal; the Cheng family is said to be preparing a capital injection, with a potential rights issue or placement that could be announced as early as November. (Bloomberg)

Sun Hung Kai Properties (16 HK) - Co. will hold a second round of sales for Sierra Sea Phase 2C(2) on Wednesday with 152 flats on offer, after more than 360 flats sold out across two major Hong Kong projects over the weekend. (SCMP)

China's Commerce Ministry said the EU should not fantasise about gaining benefits through pressure, nor underestimate China's determination and ability to safeguard its own interests, urging the EU to work with China to promote stable trade relations. (Newswires)

China proposed export controls on 12 solar-manufacturing technologies, including bans on exports of thin-wafer and perovskite technology. (Newswires)

US officials pressed Beijing on market access issues for Mastercard (MA) and Citigroup (C) during at least two bilateral meetings in Bangkok this week. (CNBC)

China is taking measures to stabilise the stock market by urging corporates and state-owned funds to buy equities and guiding some investors to reduce selling; regulators reportedly met on Thursday and will issue window guidance to several large insurers to avoid reducing positions at a loss, while urging the "national team" to accelerate purchases. (Bloomberg)

China's MIIT said four government departments urged more than 30 major automakers to resist irrational competition, strengthen R&D testing and validation, and ensure product safety. (Xinhua)

China's cabinet said it should strengthen risk analysis and assessment to firmly uphold the bottom line of AI safety. (CCTV)

China's US Treasury holdings fell to USD 591bln in August from USD 618bln in July. (US Treasury)

Hong Kong's market is closed on Monday 19th October for Chung Yeung Festival, with trading resuming on Tuesday; mainland markets are open. Chinese Q3 GDP and September activity data are due on Monday. (AASTOCKS)