PRE-MARKET CHINESE STOCKS NEWS: China Vanke (2202 HK) won creditor approval to extend another two CNY bonds
Importance
Level 1
Baidu (9888 HK) - Co. merges key app businesses to drive consumer AI push. (SCMP)
China Merchants Securities (600999 CH) - Co. prelim. FY25 (CNY) net 12.3bln (exp. 12.1bln), rev. 24.9bln (exp. 24.1bln). (Newswires)
China Vanke (2202 HK) - Co. won creditor approval to extend another two CNY bonds. (Newswires)
MMG Limited (1208 HK) - Co. prelim. FY25 (USD) net 500mln-525mln (exp. 728mln). (Newswires)
Other News
USTR Greer said Chinese EVs won't enter the US from Canada without heavy levies. (Fox Business)
UK PM Starmer delayed the decision on a Chinese-built wind farm factory after security fears. (The Times)
Data Recap
- Hong Kong Trade Balance (HKD)(Dec) -63.3B vs Exp. -49.8B (Prev. -48.5B)
- Hong Kong Exports YY (Dec) 26.1% vs Exp. 16.8% (Prev. 18.8%)
- Hong Kong Imports YY (Dec) 30.6% vs Exp. 19.9% (Prev. 18.1%)
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