PRE-MARKET CHINESE STOCKS NEWS: Chinese CPI & PPI data is scheduled at the open

The Chinese CPI and PPI data set to release at market open is crucial as it can provide insights into inflation trends and economic strength in China.

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PBoC sets USD/CNY mid-point at 6.8654 vs exp. 6.8313 (Prev. 6.8649)

BoJ Deputy Governor Himino says no strict definition on what constitutes stagflation, adds must be vigilant to chance Middle East conflict, which if prolonged, could work to weigh on the economy and push up inflation

PRE-MARKET CHINESE STOCKS NEWS: Chinese CPI & PPI data is scheduled at the open

Hezbollah says it's targeted with missiles and assault marches, artillery positions north of the Gorn settlement

Australia sells AUD 1bln 1.00% December 2030 bonds, b/c 3.29, avg. yield 4.6278%

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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)

Context

A significant deviation from expectations could influence foreign exchange rates and commodities, particularly as markets assess the implications for global pricing and demand dynamics amidst ongoing geopolitical tensions. Watch for how this data impacts sentiment in Chinese equities and broader Asian markets.

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