PRE-MARKET CHINESE STOCKS NEWS: Chinese House Prices, Industrial Production & Retail Sales are scheduled today; US President Trump says could delay summit with Chinese President Xi
Newsquawk Staff ·
Central China Real Estate (832 HK) - Co. issued profit warning sees FY (CNY) net loss approx. 1.1bln. (Newswires)
China Resources Land (1109 HK) - Co. Feb (CNY) contracted sales fell 25.6% Y/Y to 10.1bln. (Newswires)
China Resources Power (836 HK) - Co. Feb power generation rose 2.3% Y/Y to 16.0TWh. (Newswires)
CMGE Technology (302 HK) - Co. issued profit warning sees FY (CNY) net loss not more than 1.5bln (Prev. net profit 2.1bln Y/Y). (Newswires)
FWD Group (1828 HK) - Co. FY (USD) net 166mln (Prev. 106.4mln Y/Y), new business sales 2.45bln, insurance revenue rose 7% Y/Y to 2.91bln (Prev. 2.72bln Y/Y), OPAT rose 9% Y/Y to 493mln (Prev. 452mln Y/Y). (Newswires)
GCL New Energy (451 HK) - Co. issued profit warning sees FY (CNY) net loss approx. 1.1bln. (Newswires)
MINISO Group (9896 HK) - Co. FY special dividend payout ratio reached 88%, with newly signed orders exceeding CNY 100bln for second consecutive year. (Newswires)
Pacific Century Premium Developments (432 HK) - Co. announced sale of stake in Pacific Century Place (Jakarta) for USD 400mln. (Newswires)
Sinopec Engineering (2386 HK) - Co. FY special dividend payout ratio reached 88%, with newly signed orders exceeding CNY 100bln for second consecutive year. (Newswires)
West China Cement (2233 HK) - Co. in preliminary discussions with potential buyer for disposal of certain assets in China. (Newswires)
Healthcare - Hong Kong regulator sets ‘comprehensive’ review of medical insurance costs. (SCMP)
Other News
US President Trump said he was expecting China to help unblock the Strait of Hormuz before he travels to Beijing, while he also stated that he may delay the trip, but didn't say for how long. (FT)
US and Chinese officials held candid and constructive talks in Paris on Sunday and agreed to enhance stability in the trade relationship, according to sources familiar with the talks, while the sides met for six hours and will resume talks on Monday. US Treasury Secretary Bessent and USTR Greer raised the need for China to buy more Boeing aircraft, US coal, oil and gas, while US and Chinese officials discussed solutions to difficulties faced by some American firms in obtaining rare earths. (Newswires)
USTR Greer said he wants to ensure continued stability within the US-China relationship and stated that their trade deficit with China has gone down by 30%, while he added that they want to make sure that we continue to get the rare earths we need for our manufacturing base and noted that the Iran war is not affecting US-China relations. (Newswires)
China responded to US allegations of forced labour in the Section 301 probe and has lodged a formal representation with the US over the investigation. (Newswires)
China is to impose tariffs on rubber from Japan and Canada. (Newswires)
PBoC announced to conduct a CNY 500bln 6-month outright reverse repo operation on Monday. (Newswires)
ByteDance suspended the launch of its video AI model after copyright disputes with US media firms. (The Information)
Data Recap
- Chinese New Loans (CNY)(Feb) 900B vs Exp. 865B (Prev. 4710B)
- Chinese Aggregate Financing (CNY)(Feb) 2380B Exp. 2130B) (Prev. 7220B)
- Chinese M2 Money Stock Y/Y (Feb) 9.0% vs Exp. 8.9%) (Prev. 9.0%)
- Hong Kong PPI Y/Y (Q4) 9.5% (Prev. 7.7%)
- Hong Kong Industrial Production Y/Y (Q4) 5.7% (Prev. 5.3%)
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"
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