PRE-MARKET CHINESE STOCKS NEWS: Hong Kong and China's internet regulator signed a milestone MoU to promote the digital economy
The signing of a Memorandum of Understanding (MoU) by Hong Kong and China's internet regulator to boost the digital economy signals a commitment to strengthen regulatory cooperation.
Spanish PM Sanchez says Spain wants to cooperate with China in all areas
PBoC injects CNY 0.5bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Hong Kong and China's internet regulator signed a milestone MoU to promote the digital economy
PBoC sets USD/CNY mid-point at 6.8657 vs exp. 6.8395 (Prev. 6.8654)
US President Trump says very good things are happening in the Hormuz Strait and blockade will be very effective
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CanSino Biologics (6185 HK) - Co. received China NMPA approval for DTaP infant vaccine. (Newswires)
China Longyuan Power (00916 HK) - Co. reported March power generation fell 16.9% Y/Y to 6.29TWh. (Newswires)
Chongqing Changan Automobile (000625 CN) - Co. FY25 (CNY) net 4.08bln (exp. 4.98bln), rev. 164.0bln (exp. 177.5bln). (Newswires)
CIFI Holdings (00884 HK) - Co. reported March contracted sales to CNY 1.15bln (prev. 2.02bln Y/Y). (Newswires)
Far East Horizon (03360 HK) - Co. guided Q1 net and revenue to rise slightly Y/Y, with total interest-earning assets at period-end increasing slightly. (Newswires)
Fujian Sunner Development (002299 CN) - Co. FY25 (CNY) net 1.38bln (guidance 1.37-1.43bln), EBIT 1.50bln (exp. 1.43bln), rev. 20.1bln (exp. 20.4bln), guides Q1 net 250-290mln. (Newswires)
Giant Network (002558 CN) - Co. prelim Q1 (CNY) net 1.00-1.20bln (exp. 1.00bln). (Newswires)
Greenland Hong Kong (00337 HK) - Co. reported March YTD contracted sales to CNY 2.06bln (prev. 640mln Y/Y). (Newswires)
KWG Group (01813 HK) - Co. reported March pre-sales value fell 56.1% Y/Y to CNY 352mln. (Newswires)
Ping An Insurance (601318 CN) - Co. is reportedly considering selling around USD 1.0bln in private equity assets. (Newswires)
Pou Sheng International (03813 HK) - Co. reported March revenue fell 6.3% Y/Y to TWD 1.35bln. (Newswires)
Shenzhen Gas (601139 CN) - Co. prelim Q1 (CNY) net 267mln (prev. 233mln Y/Y), rev. 6.81bln (prev. 7.51bln Y/Y). (Newswires)
Spring Airlines (601021 CN) - Co. FY25 (CNY) net 2.32bln (exp. 2.25bln), rev. 21.5bln (prev. 21.4bln Y/Y). (Newswires)
Yue Yuen Industrial (00551 HK) - Co. reported March revenue fell 8.2% Y/Y to USD 604mln. (Newswires)
Yuzhou Properties (01628 HK) - Co. reported March contracted property sales of CNY 482mln (prev. 362mln M/M). (Newswires)
Zhejiang Longsheng Group (600352 CN) - Co. FY25 (CNY) net 1.83bln (prelim. 1.85bln), rev. 13.3bln (prelim. 14.5bln). (Newswires)
Other News
Hong Kong and China's internet regulator signed a milestone MoU to promote the digital economy. (SCMP)
This development may lead to greater integration in technology sectors and could influence investor sentiment positively, particularly in tech-related equities, as it suggests a conducive environment for growth and innovation.
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