PRE-MARKET CHINESE STOCKS NEWS: Tencent (700 HK) is reportedly developing a WeChat AI agent designed to automate tasks via mini programs for its 1.4bln users

Ascletis Pharma (1672 HK) - Co. said its ASC30 depot achieved 8% placebo-adjusted weight loss at week 16 in a Phase II obesity study. (Newswires)

BYD Co. (1211 HK) - Co. is reportedly evaluating a potential entry into motorsport, including Formula One and endurance racing, as it looks to strengthen its global brand profile. (Newswires)

China Resources Beverage (Holdings) (2460 HK) - Co. FY (CNY) net is seen at 2.92bln-3.35bln (exp. 5.62bln). (Newswires)

Foxconn Industrial Internet (601138 CH) - Co. FY (CNY) net 35.3bln (exp. 35.0bln), rev. 903bln (exp. 917bln). (Newswires)

Gemdale Corp. (600383 CH) - Co. reported February (CNY) contracted sales fell 77.5% Y/Y to 630mln. (Newswires)

Greenland Hong Kong (0337 HK) - Co. reported YTD Feb (CNY) contracted sales of 1.10bln (prev. 457mln Y/Y). (Newswires)

Pou Sheng International (3813 HK) - Co. reported February (CNY) rev. rose 81.5% Y/Y to 1.95bln. (Newswires)

Shaanxi Coal and Chemical Industry Group (601225 CH) - Co. FY (CNY) net 16.6bln (exp. 17.7bln), rev. 158.2bln (exp. 157.5bln). (Newswires)

Sino-Ocean Group (3377 HK) - Co. reported February (CNY) contracted sales of 470mln (prev. 990mln Y/Y). (Newswires)

Tencent (700 HK) - Co. is reportedly developing a WeChat AI agent designed to automate tasks via mini programs for its 1.4bln users, with a mid-year trial and potential Q3 rollout. (The Information)

Yue Yuen Industrial (0551 HK) - Co. reported February rev. rose 19.4% Y/Y to USD 674.5mln. (Newswires)

Youzhou Properties (1628 HK) - Co. reported February (CNY) contracted sales of 362mln, with YTD contracted sales of 892mln. (Newswires)

Chinese officials are said to be frustrated by what they see as insufficient US preparation for the Trump-Xi summit later this month. (Newswires)

China’s monetary policy deployment is said to be flexible. (China Securities Journal)

India has relaxed foreign investment rules for Chinese firms. (Newswires)