PRE-MARKET CHINESE STOCKS NEWS: Chinese RatingDog Services & Composite PMI data is scheduled today

CNOOC (600938 CH) - Co. announced Buzios6 project commences production. (PR Newswire)

Great Wall Motor (601633 CH) - Co. December vehicle sales fell 8.33% Y/Y to 124.0k units. (Gasgoo)

SAIC Motor (600104 CH) - Co. 2025 vehicle sales rose 12% Y/Y to a record 4.51mln units. (Smartkarma)

Zijin Mining (601899 CH) - Co. Chairman said they will step up acquisitions globally, targeting particularly gold and copper. (Bloomberg)

Other News

Chinese authorities are receiving more tax from online vendors as part of Beijing’s crackdown as it seeks to boost revenues to compensate for slowing economic growth. (FT)

Shanghai launched a new plan to enhance the business environment in the city in which it “will continue to prioritize the optimization of the business environment as a key driver of high-quality development, further deepen high-level opening-up, attract top enterprises and talents from home and abroad, and fully unleash innovation and creativity", according to Chen Jining who is the party secretary of Shanghai. (China Daily)

US President Trump blocked HieFo Corp's USD 3mln acquisition of assets in New Jersey-based aerospace and defence specialist Emcore on Friday and ordered HieFo to divest all interests and rights in Emcore assets due to national security and China-related concerns, according to Reuters. (Newswires)

Irish PM Martin arrived in Beijing as part of a five-day visit aimed at boosting trade between the two countries, according to Chinese state media. (Newswires)