PRE-MARKET CHINESE STOCKS NEWS: HSBC (5 HK) is exploring expanding its presence in Singapore to reduce its reliance on China, while it plans to combine its separate Singapore units as part of a broader simplification effort

CK Hutchison Holdings (1 HK) - Co. is reportedly considering delaying the IPO of its AS Watson retail business until 2027, citing market volatility. (Newswires)

HSBC Holdings (5 HK) - Co. is exploring expanding its presence in Singapore to reduce its reliance on China and plans to combine its separate Singapore units as part of a broader simplification effort. (Newswires)

Nexteer Automotive (1316 HK) - Co. authorised a share repurchase programme of up to USD 60mln, running until its next AGM. (Newswires)

Poly Developments and Holdings (600048 CN) - Co. October (CNY) contracted rev. fell 15.7% Y/Y to 17.8bln. (Newswires)

ByteDance - Co. is reportedly preparing to launch an AI agent named Spell in the coming weeks, similar to Muse. (Newswires)

Retail - China's Singles Day shopping festival entered its final stages, although frequent discount campaigns and government subsidies have brought forward consumer demand, dampening enthusiasm for the annual event. (Nikkei)

Other News - PBoC Q3 Monetary Policy Implementation Report stated the central bank reiterated its commitment to a moderately loose monetary policy to support stable economic growth, pledging to strengthen counter-cyclical adjustments, maintain ample liquidity and accommodative financing conditions, and adjust policy tools as economic and financial conditions warrant. The PBoC also emphasised greater policy flexibility, forward guidance and precision, alongside efforts to keep short-term money market rates stable around the policy rate, maintain low financing costs and strengthen oversight of interest rate policy implementation.