PRE-MARKET CHINESE STOCKS NEWS: Chinese RatingDog Services & Composite PMI data is scheduled today, while Hong Kong markets are closed

China Vanke (000002 CH) - Co. reported March (CNY) contracted sales of 2.23bln (prev. 3.21bln Y/Y). (Newswires)

Chongqing Changan Automobile (000625 CN) - Co. reported March vehicle sales rose 1.1% Y/Y to 270.9k units, while production fell 13.8% Y/Y to 217.1k units. (Newswires)

Guangzhou Automobile Group (601238 CN) - Co. reported March vehicle unit sales rose 1.7% Y/Y to 176.9k units. (Newswires)

SAIC Motor (600104 CN) - Co. reported March vehicle unit sales of 375.9k units (prev. 385.7k Y/Y), while production of 355.4k units (prev. 390.7k Y/Y). (Newswires)

SDIC Capital (600061 CN) - Co. FY25 (CNY) net 3.28bln (exp. 4.10bln), rev. 13.5bln (exp. 15.7bln). (Newswires)

Yuexiu Property (123 HK) - Co. reported March (CNY) contracted sales fell 43.9% Y/Y to 10.1bln. (Newswires)

Airbag Manufacturers - US Transportation Department considers permanent ban on Chinese air bag inflators tied to eight fatal car crashes. (Newswires)

Other News

China Industry Ministry MIIT said China is to optimise supply of computing power resources and improve AI application service systems, while to lower threshold for accessing computing power by 2028. (Newswires)

China’s MOFCOM said they are to enhance communications with the US on trade. (Newswires)

US lawmakers proposed a crackdown on sales of chip tools to China, while the House bill on chipmaking gear restrictions was unveiled on Thursday and the Senate is expected to announce its chip gear bill in the coming weeks. (Newswires)