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

CATL (3750 HK) - Co. is said to raise stake in Fulin Precision’s cathode unit to 33%. (Newswires)

CK Hutchison (1 HK) - Co. said it does not agree with the determination and corresponding actions in Panama, and its unit initiates arbitration proceedings against the Republic of Panama. (Newswires)

Country Garden Holdings (2007 HK) - Co. January contracted sales fell 2.2% Y/Y to CNY 2.2bln. (Newswires)

Sun Art Retail Group (6808 HK) - Co. noted it has not been able to contact its CEO Li Weiping. (Newswires)

Financials - HKMA launched quantum readiness and cybersecurity projects for banks in AI era. (SCMP)

Tech - China urged a breakthrough in 6G and quantum technology, while it supports the expansion of key technology firms. It was separately reported that China's Foreign Ministry said they are willing to expand innovation and AI cooperation with Vietnam. (Newswires)

Other News

Additional PBoC liquidity support is expected for the Lunar New Year holiday, according to Chinese press citing analysts. (Newswires)

EU launched an in-depth subsidies probe into the European wind turbine business of China's Goldwind and suggested the Co. may receive grants, preferential tax measures, and loans that distort competition. (Newswires)

EU is to offer the US a partnership on critical minerals to counter China's influence, according to a Bloomberg report citing sources. (Newswires)

Data Recap

• Hong Kong Retail Sales Value YY (Dec) 6.6% vs Exp. 7.9% (Prev. 6.5%)
• Hong Kong Retail Sales Volume YY (Dec) 5.1% vs Exp. 6.6% (Prev. 4.4%)