PRE-MARKET CHINESE STOCKS NEWS: PBoC is reportedly set to guide banks to boost May lending amid weak credit issuance, according to sources

BYD Co. (1211 HK) - Chairman confirmed the Co.'s self-developed 4nm smart driving chip and said BYD has built more than 6,100 flash charging stations. (Newswires)

Innovent Biologics (1801 HK) - Co. announced a global strategic collaboration with Pfizer covering 12 oncology programmes, under which it will receive USD 650mln upfront, with total deal value of up to USD 10.5bln, and is eligible for up to double-digit royalties on sales of approved products. (Newswires)

Pateo Connect (2889 HK) - Co. will hold a strategic cooperation signing ceremony with Nvidia in the US on May 29, 2026, and said the event does not constitute a commitment to specific rights. (Newswires)

WuXi XDC Cayman (2268 HK) - Co. announced its trustee purchased 5.7mln shares at an average price of HKD 57.3/shr for a total consideration of HKD 326.5mln between May 19-29, 2026. (Newswires)

XPeng (9868 HK) - Co. Q1 (CNY) adj. EPS loss 1.76 (prev. loss 0.45 Y/Y), rev. 13bln (prev. 15.8bln Y/Y), guided Q2 revenue to CNY 19.6bln-CNY 20.8bln. (Newswires)

Other News

PBoC is reportedly set to guide banks to boost May lending amid weak credit issuance, according to sources. (Newswires)

EU is set to discuss restrictions on Chinese imports, although no decision was expected on Friday, while the talks are aimed at aligning the Commission's thinking and addressing Chinese overproduction, according to The Guardian. (The Guardian)

China's MOFCOM said it was negotiating with the EU within the WTO over EU steel curbs, and stated that China-EU economic relations were mutually beneficial. (Newswires)

Canadian PM Carney said China needed to move more rapidly to address the scale of its economic imbalances. (Newswires)

S&P affirmed Hong Kong's sovereign rating at AA+ with a stable outlook. (Newswires)