PRE-MARKET CHINESE STOCKS NEWS: China released draft rules establishing nationwide requirements for automotive parts remanufacturing, including standards for sourcing used components, product quality, traceability and market oversight

Agile Group (3383 HK) - Co. reported September aggregated pre-sales value fell 50% Y/Y to CNY 230mln. (Newswires)

China Jushi (600176 CH) - Co. 9M (CNY) net rose 100–110% Y/Y to 5.14–5.39bln (prelim.). (Newswires)

China Longyuan Power (916 HK) - Co. reported September power generation rose 71% Y/Y to 5.67TWh. (Newswires)

China National Nuclear Power (601985 CH) - Co. reported 9M commercial power generation rose 1.3% Y/Y to 186.7TWh. (Newswires)

China Overseas Grand Oceans (81 HK) - Co. reported September contracted revenue fell 12.1% Y/Y to CNY 2.47bln. (Newswires)

Country Garden (2007 HK) - Co. reported September contracted sales of CNY 2.28bln (prev. CNY 2.58bln Y/Y). (Newswires)

GAC Group (2238 HK) - Co. reported September vehicle production of 136k units (prev. 179k Y/Y). (Newswires)

Geely Automobile (175 HK) - Co. established Canadian operations ahead of its planned vehicle launch in the market in 2027. (Newswires)

Greenland Hong Kong (337 HK) - Co. reported September YTD contracted revenue rose 29% Y/Y to CNY 6.71bln. (Newswires)

Johnson Electric (179 HK) - Co. guided H1 net profit of USD 50–58mln (prev. USD 133mln Y/Y). (Newswires)

Luxshare (002475 CH) said the US International Trade Commission launched a ⁠Section 337 investigation into the company and its subsidiary Dongguan Luxshare Technology over patent infringement claims brought by Vicor Corp. (Newswires)

Muyuan Foods (002714 CH) - Co. reported September commercial pig sales rose 15.2% Y/Y to 6.4mln. (Newswires)

Tangshan Port Group (601000 CH) - Co. expects September YTD cargo throughput to rise 5.1% Y/Y to 189mln tonnes. (Newswires)

Tencent Holdings (700 HK) - Co. confirmed plans to conduct a debt offering comprising 10-year, 20-year and 30-year bonds. (Newswires)

• China will launch an employment initiative aimed at adapting workers' skills to the development of AI.
• China released draft rules establishing nationwide requirements for automotive parts remanufacturing, including standards for sourcing used components, product quality, traceability and market oversight.
• China proposed banning fully concealed car door handles and requiring physical controls for certain safety-critical functions as regulators seek to strengthen oversight of vehicle design and product testing. Rules would prohibit foldable and flexible vehicle display screens and require additional safety assessments for a range of innovative designs, while the proposal noted some manufacturers launched products without sufficient testing.
• China's passenger vehicle sales fell 24% Y/Y to 1.7mln units in September, while new energy vehicle sales declined 12% Y/Y to 1.1mln units.
• China’s increasing debt burden is constraining Beijing's fiscal capacity for sweeping new stimulus to revive domestic demand and strengthen the economy, according to studies of state finances cited by FT.