PRE-MARKET CHINESE STOCKS NEWS: Chinese CPI and PPI data is scheduled at the open, sources tempered expectations related to Trump-Xi summit

Far East Consortium (35 HK) - Co. announced disposal of an office in the UK for GBP 18.0mln and will grant a term loan of GBP 38.2mln to AMTD Idea Group. (Newswires)

Seazen Group (1030 HK) - Co. proposed a spin-off of commercial REITs, including projects such as Qidong Yuebo commercial operation and management. (Newswires)

K Wah Holdings (173 HK) - Co. guides FY25 net loss of HKD 900mln (prev. net profit HKD 335mln Y/Y), citing impairment provisions for unsold inventories. (Newswires)

Longfor Group (960 HK) - Co. issued a profit alert and expects FY net profit to fall to CNY 1.0bln (prev. CNY 10.4bln Y/Y). (Company Announcement)

Sun Art Retail Group (6808 HK) - Co. appointed Chairman Julian Juul Woldhardt as CEO. (Newswires)

Mengniu Dairy (2319 HK) - Co. reported preliminary FY25 net profit of CNY 1.40bln-1.60bln (exp. 3.93bln) and revenue of CNY 94.9bln-95.8bln (exp. 88.7bln). (Newswires)

Poly Property (119 HK) - Co. Feb. contracted sales CNY 2.2bln (prev. 3.6bln Y/Y). (Newswires)

Yuexiu Property (123 HK) - Co. reported February contracted sales fell 53.3% Y/Y to CNY 2.91bln. (Newswires)

Other News

US President Trump and Chinese President Xi's summit is unlikely to yield a breakthrough, with five people briefed on preparation saying the summit is unlikely to create room for even a limited reset of business and investment ties, according to Reuters. (Newswires)

China is reportedly in talks with Boeing (BA) to order 500 737 MAX jets and for 100 787 and 777x widebodies, while the deal could be unveiled at the planned Trump-Xi summit. (Newswires)

PBoC Governor Pan said on Friday that the central bank will flexibly use various monetary policy tools including interest rates and RRR cuts, while he added that China has no intention to use the FX rate to gain trade competitiveness. (Newswires)