PRE-MARKET CHINESE STOCKS NEWS: PBoC announced it will conduct CNY 500bln of 183-day outright reverse repos for today
361 Degrees International (1361 HK) - Co. reports Q1 core brand retail sales rose approx. 10% Y/Y and retail sales of 361° kids branded products for the first quarter. (Newswires)
China Evergrande Group (3333 HK) - Co. liquidators entered an exclusivity agreement with a selected bidder to sell its assets and agreed to conduct exclusive negotiations for the stake sale for a period of 3 months. (Newswires)
CStone Pharmaceuticals (2616 HK) - Co. to place 118mln new shares at HKD 8.97/shr. (Newswires)
HSBC (5 HK) - Co. head of private banking Liu said there is still a place for private credit in client portfolios, seen some flows into Asia on Middle East conflict and is confident in private credit offerings. (Newswires)
Huaneng Power International (902 HK) - Co. reports Q1 total electricity sold fell 4.8% Y/Y to 101GWh. (Newswires)
Shanghai International Airport (600009 CH) - Co. reports Mar Hongqiao passenger throughput rose 6.1% Y/Y to 4.4mln and cargo throughput rose 0.3% Y/Y to 36kt, Pudong passenger throughput rose 10.8% Y/Y to 7.4mln and cargo throughput rose 8.1% Y/Y to 372kt. (Newswires)
Shanxi Lu'an Environmental Energy Development Co. (601699 CH) - Co. reports Mar raw coal production rose 8.9% Y/Y to 5.1Mt and coal sales rose 12.5% Y/Y to 4.6Mt. (Newswires)
Sino-Ocean Group Holding (3377 HK) - Co. reports Mar (CNY) contracted sales 1.42bln (prev. 2.40bln Y/Y). (Newswires)
Zhejiang Huahai Pharmaceutical (600521 CH) - Co. prelim. FY25 (CNY) net 267mln (exp. 299mln), rev. 8.59bln (exp. 8.42bln). (Newswires)
Other News
PBoC announced it will conduct CNY 500bln of 183-day outright reverse repos for today. (Newswires)
The People's Bank of China (PBoC) is injecting liquidity through CNY 500 billion of 183-day outright reverse repos. This move is typically aimed at stabilizing the financial system and ensuring adequate cash flow, which may signal concerns over economic momentum or liquidity pressures. Traders should watch for the implications on short-term rates and broader market sentiment, especially in the context of ongoing economic recovery efforts.