PRE-MARKET CHINESE STOCKS NEWS: China Vanke (2202 HK) FY (CNY) net loss 88.6bln (prelim. loss 82.0bln), rev. 233.4bln (exp. 252.6bln)
China Vanke's FY report indicates a significant net loss of 88.6 billion CNY, surpassing preliminary loss estimates and total revenue falling short of expectations.
PBoC injects CNY 0.5bln via 7-day reverse repos with the rate at 1.40%
Japan government issues emergency earthquake warning, as earthquake shakes buildings in Tokyo
PRE-MARKET CHINESE STOCKS NEWS: China Vanke (2202 HK) FY (CNY) net loss 88.6bln (prelim. loss 82.0bln), rev. 233.4bln (exp. 252.6bln)
PBoC sets USD/CNY mid-point at 6.9025 vs exp. 6.8858 (Prev. 6.9194)
US Secretary of State Rubio says have largely destroyed Iran's air force and can see the finish line with Iran objectives, adds end to Iran war is not today, not tomorrow but it is coming
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China Longyuan Power (0916 HK) - Co. FY (CNY) net 4.64bln (exp. 5.78bln), rev. 30.3bln (exp. 31.2bln), dividend 0.0625/shr (prev. 0.2315/shr). (Newswires)
China Vanke (2202 HK) - Co. FY (CNY) net loss 88.6bln (prelim. loss 82.0bln), rev. 233.4bln (exp. 252.6bln). (Newswires)
GOME Retail (0493 HK) - Co. FY (CNY) net loss 5.94bln (prev. loss 11.6bln Y/Y), rev. rose 13.5% Y/Y to 538mln. (Newswires)
Guangzhou R&F Properties (2777 HK) - Co. FY (CNY) net loss 16.4bln (prev. loss 17.7bln Y/Y), rev. fell to 10.9bln (prev. 17.7bln Y/Y). (Newswires)
Kaisa Group (1638 HK) - Co. FY (CNY) net 52.6bln (vs prelim. >50bln), rev. fell 18.1% Y/Y to 9.5bln. (Newswires)
MINISO Group (9896 HK) - Co. Q4 (CNY) net rose 9.4% Y/Y to 2.80bln, rev. rose 32.7% Y/Y to 6.25bln. (Newswires)
Sany Heavy (0631 HK) - Co. FY (CNY) net 1.78bln (exp. 1.93bln), rev. 24.3bln (exp. 26.5bln). (Newswires)
Yuexiu Property (0123 HK) - Co. FY (CNY) core net 260mln (exp. 365mln), rev. 86.5bln (exp. 88.6bln). (Newswires)
Zhejiang Expressway (0576 HK) - Co. FY (CNY) net fell 3.6% Y/Y to 5.3bln, rev. rose 9.4% Y/Y to 19.8bln. (Newswires)
Other News
PBoC is to maintain a moderately loose monetary policy with stronger counter-cyclical adjustments, while it reiterated to make use of various tools in monetary policy control and to maintain ample liquidity and keep CNY stable. Furthermore, it will monitor the bond market from a macro-prudential perspective and watch long-term yield moves, comprehensively use various tools to strengthen monetary policy regulation, improve FX market resilience, and expand domestic demand and optimise supply. (Newswires)
USTR Greer said regarding China that he is focused on preparing for the leaders' meeting and sees stability with China over the next year. Greer stated he has not heard about postponing the China meeting, and that US President Trump and Chinese President Xi will speak about rare earths if they need to. He also said regarding the Strait of Hormuz that the US is insulated from supply chain effects and is monitoring global effects, while the Strait of Hormuz did not come up in conversations with China. (Newswires)
This reflects ongoing challenges in the Chinese real estate sector, which may prompt market concerns regarding sector stability and could influence investor sentiment across related equities.
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