PRE-MARKET CHINESE STOCKS NEWS: Chinese RatingDog Services & Composite PMI data eyed

CK Asset Holdings (1113 HK) - Co. is releasing more ultra-luxury homes at its 21 Borrett Road project, which was previously linked to one of Hong Kong’s largest failed property transactions. (SCMP)

Tencent (700 HK) - Co.’s Tencent Cloud cut prices of DeepSeek-V4 series models by up to 97.5%. (AA Stocks)

Tiger Brokers (TIGR US) - Co. Q1 (USD) operating profit rose 17.5% Y/Y to 47.6mln, rev. rose 26.3% Y/Y to 154.9mln, driven by a 536% surge in Hong Kong trading activity, record HKD 543.7bln in IPO subscription volumes and strong net inflows from Singapore. (SCMP)

Trip.com (9961 HK) - Co. formed a global strategic partnership with China Visa Application Service Center. (AA Stocks)

WuXi AppTec (2359 HK) - Co. repurchased 1.0324mln shares for HKD 155mln. (AA Stocks)

Other News

US Deputy Agriculture Secretary says China has started placing orders for soybeans that are being planted right now across the US. (WSJ)

Chinese Foreign Minister Wang Yi said China hoped for a positive atmosphere to strengthen China-UK ties and deepen cooperation. (Xinhua)

Data Recap

Hong Kong S&P Global PMI (May) 50.4 (Prev. 48.6)

Hong Kong Retail Sales Value YY (Apr) 8.6% vs Exp. 13.8% (Prev. 12.8%)

Hong Kong Retail Sales Volume YY (Apr) 6.4% vs Exp. 11.6% (Prev. 9.8%)