PRE-MARKET CHINESE STOCKS NEWS: Earnings updates with Alibaba results scheduled today

AIA Group (1299 HK) - Co. H1 (USD) net 4.29bln, operating profit 4.16bln (exp. 3.99bln), annualised new premiums 5.66bln (exp. 5.78bln), value of new business 3.21bln (exp. 3.26bln). (Newswires)

Cathay Pacific (293 HK) - Co. July passenger load factor was 79.6% (prev. 85.9% Y/Y). (Newswires)

China Nuclear Engineering (601611 CN) - Co. July YTD (CNY) new contracts signed 46.7bln (prev. 90.5bln Y/Y). (Newswires)

CK Hutchison Holdings (1 HK) - Co. commenced international arbitration against Panama on Aug 20, 2026, seeking more than USD 1.5bln in damages. (Newswires)

CMOC (3993 HK) - Co. H1 (CNY) net 16.2bln (prev. 8.67bln Y/Y), rev. 135.3bln (prev. 119.0bln Y/Y). (Newswires)

CRRC (1766 HK) - Co. H1 (CNY) net rose 10.3% Y/Y to 7.99bln, rev. rose 10% Y/Y to 131.7bln. (Newswires)

Kingsoft (3888 HK) - Co. Q2 (CNY) net 548.0mln (prev. 532.4mln Y/Y), rev. 2.51bln (prev. 2.31bln Y/Y). (Newswires)

Kuaishou Technology (1024 HK) - Co. Q2 (CNY) adjusted net 3.91bln (exp. 3.89bln), adjusted EBITDA 7.12bln (exp. 6.79bln), rev. 35.5bln (exp. 35.5bln). (Newswires)

Sino Biopharmaceutical (1177 HK) - Co. H1 (CNY) net 3.43bln (prev. 3.39bln Y/Y), rev. 19.4bln (prev. 17.6bln Y/Y). (Newswires)

Sun Hung Kai & Co. (86 HK) - Co. H1 (HKD) rev. 1.89bln (prev. 1.8bln Y/Y). (Newswires)

Yuexiu Transport Infrastructure (1052 HK) - Co. H1 (CNY) net rose 6.9% Y/Y to 386mln, operating profit 808mln (prev. 851mln Y/Y), rev. rose 2% Y/Y to 2.14bln. (Newswires)

Zhuzhou CRRC Times Electric (3898 HK) - Co. H1 (CNY) net 1.71bln (prev. 1.67bln Y/Y), rev. 13.1bln (prev. 12.2bln Y/Y). (Newswires)

This is a pre-market round-up of Hong Kong and China interim prints, a format that tends to set single-name openings rather than drive index-level direction, with the exception of the mega-cap scheduled later: Alibaba results have historically been the session's anchor for China internet peers and for ADR pre-markets, given its weight in both the Hang Seng Tech complex and US-listed China baskets. The distinction worth drawing across the batch is between beats on profitability and misses on forward-looking metrics: AIA's operating profit topped expectations while its new-business value and premium indicators fell short, a combination that in past insurance print cycles has split the reaction between the quality of current earnings and the growth line the market prices off. Elsewhere the tape reads mixed: Kuaishou cleared estimates on adjusted earnings and EBITDA while in line on revenue, a pattern that has tended to matter most for margin-sensitive internet names; the rail and mining names posted top-line growth with varying profit conversion. The CK Hutchison arbitration filing against Panama is a corporate development rather than an earnings item, and disputes of this kind have historically played out over years with limited near-term earnings read-through. The follow-ons are the Alibaba print itself and how the peer set trades around it, with single-name gaps on the misses typically fading or extending on the first hour's volume rather than at the open.