PRE-MARKET CHINESE STOCKS NEWS: China reportedly told the biggest tech firms they can prep NVIDIA (NVDA) H200 orders

Chery Auto (9973 HK) - Co. plans to use the British factory owned by Jaguar Land Rover to manufacture cars. (FT)

China Merchants Bank (3968 HK) - Co. FY25 (CNY) net rose 1.2% Y/Y to 150.2bln. (Newswires)

China Vanke (2202 HK) - Co. withdraws REIT listing application for three warehouse logistic parks. (Newswires)

CK Hutchison (1 HK) - Co. plans to split ports deal into parcels. (Newswires)

Guotai Junan International Holdings (1788 HK) - Co. guides FY25 net to increase 265%-293% Y/Y to CNY 1.28bln-1.38bln, citing revenue growth in core businesses including corporate finance. (Newswires)

Huatai Securities (6886 HK) - Co. board approves plan for capital injection of up to HKD 9bln for overseas unit. (Newswires)

Metallurgical Corporation of China (1618 HK) - Co. prelim. FY25 (CNY) net 1.30bln-1.60bln (exp. 5.81bln). (Newswires)

Red Star Macalline Group (1528 HK) - Co. issued a profit warning in which it guided an FY25 (CNY) net loss of CNY 15.4bln-22.9bln (prev. loss CNY 3.7bln Y/Y). (Newswires)

Sinopec (386 HK) - Co. FY25 oil production rose 0.2% Y/Y to 39.7mln tons and gas production rose 4% Y/Y to 41.3BCM. (Newswires)

Tencent (700 HK) - Co. and Baidu (9888 HK) plan to issue CNY 1.5bln in ‘red packets’ to users in which a maximum single red envelope could reach CNY 10k for the Spring Festival. (Newswires)

Yuexiu Property (123 HK) - Co. sees 2025 net profit falling 90–95% Y/Y to CNY 50mln–100mln and said a weak property market weighed on results. (Newswires)

Tech - China reportedly told the biggest tech firms they can prep NVIDIA (NVDA) H200 orders. (Newswires)

China is likely to target growth of 4.5% to 5% in 2026. (SCMP)

China purged top general Zhang Youxia and accused him of undermining President Xi Jinping’s authority, while it was separately reported that he was accused of leaking information about the country’s nuclear-weapons program to the US and accepting bribes for official acts. (Newswires/WSJ)

UK PM Starmer is set to visit China this week to boost trade ties. (Nikkei)

HKMA reportedly sees limited room for further cuts in the prime rate, according to local press. (Newswires)