PRE-MARKET CHINESE STOCKS NEWS: Chinese CPI & PPI data is scheduled at the open
Alibaba Group Holding Ltd. (9988 HK) - Co. is leading a USD 300mln investment in AI video generator developer ShengShu. (Newswires)
BYD Co. Ltd. (1211 HK) - Co. has been removed from Brazil’s government list of firms linked to slavery-like work conditions following a court injunction. (Newswires)
CGN Power Co. Ltd. (1816 HK) - Co. Q1 power generation fell 10.1% Y/Y to 54.1GWh. (Newswires)
Chenzhou Mining Group Co. Ltd. (002155 CN) - Co. FY net 1.49bln (prev. 1.27-1.61bln prelim), rev. 50.2bln (prev. 27.8bln Y/Y). (Newswires)
China Jinmao Holdings Group Ltd. (0817 HK) - Co. March contracted property sales CNY 9.5bln vs CNY 5.3bln M/M. (Newswires)
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (001979 CN) - Co. March contracted sales rose 15.6% Y/Y to CNY 17.9bln. (Newswires)
China Overseas Grand Oceans Group Ltd. (0081 HK) - Co. March contracted sales rose 31.8% Y/Y to CNY 3.38bln. (Newswires)
CITIC Securities Co. Ltd. (6030 HK) - Co. prelim Q1 (CNY) net 10.2bln (exp. 8.37bln), rev. 23.2bln (exp. 20.8bln). (Newswires)
COFCO Joycome Foods Ltd. (1610 HK) - Co. March hog production 550k vs 480k heads M/M and fresh pork sales 26kt vs 28.2kt M/M. (Newswires)
DHC Software Co. Ltd. (002065 CN) - Co. FY net 477mln (exp. 415mln), rev. 12.9bln (exp. 14.0bln). (Newswires)
Greentown China Holdings Ltd. (3900 HK) - Co. March property sales CNY 15.1bln and Q1 contracted property sales CNY 25.6bln. (Newswires)
Huatai Securities Co. Ltd. (601688 CN) - Co. plans to start a securities business in Japan. (Newswires)
Telecoms
US President Trump's administration is reportedly considering a new crackdown on Chinese telecom carriers' US operations. (Newswires)
Other News
Chinese policymakers were reported to have held a meeting regarding the power and energy storage battery industry, while stressing the importance of addressing competition and maintaining a healthy market environment. (Newswires)
USTR Greer said a meeting planned on Friday with Chinese officials is likely to discuss policy outcomes for the Trump-Xi meeting, while no deliverables on autos are planned for the Trump-Xi meeting. Furthermore, it was stated that the Trump administration sees no changes in connected vehicle rules that effectively bar Chinese autos from the US market, and it would "probably be difficult" for Chinese automakers to establish US production, given connected vehicle rules. (Newswires)
Data Recap
Hong Kong Foreign Reserves (USD) (Mar) 430.8bln (prev. 439.2bln)