PRE-MARKET CHINESE STOCKS NEWS: Tencent (700 HK) Q4 (CNY) net 64.69bln (exp. 64.93bln), operating profit 60.34bln (exp. 60.45bln), rev. 194.3bln (exp. 194.1bln), international games business surpassed USD 10bln in annual revenue for the first time

AIA Group (1299 HK) - Co. FY (USD) net rose 12% Y/Y to 6.23bln, rev. rose 12% Y/Y to 7.14bln, dividend raised 10%, announces USD 1.7bln stock buyback. (Newswires)

Cathay Pacific (0293 HK) - Co. reported Feb passenger load factor of 85.6% (prev. 82.9% Y/Y) and noted bookings remain robust for the rest of March, while passenger traffic rose 24% Y/Y to 2.56mln. (Newswires)

Cheung Kong Infrastructure (1038 HK) - Co. FY (HKD) net 8.27bln (exp. 8.66bln), rev. 41.7bln (exp. 40.0bln). (Newswires)

China Coal Energy (601898 CN) - Co. reported Feb commercial coal production fell 11.6% Y/Y to 8.9mln tonnes, while sales volume fell 5.5% Y/Y to 16.5mln tonnes. (Newswires)

COSCO Shipping Ports (1199 HK) - Co. said Red Sea disruptions may impact throughput at its Abu Dhabi terminal, though operations remain largely insulated as it explores alternative corridors and routes, while guiding for 2026 throughput growth of 4.6%. (Newswires)

COSCO Shipping Ports (1199 HK) - Co. FY (USD) net 312.1mln (exp. 338.5mln), rev. 1.67bln (exp. 1.65bln). (Newswires)

Geely Automobile (0175 HK) - Co. CEO said the company aims to sell 640k cars overseas in 2026, representing around 50% Y/Y growth. (Newswires)

Jinhui Holdings (0137 HK) - Co. FY (HKD) net fell 51% Y/Y to 29mln, EBITDA rose 10.2% Y/Y to 599mln, rev. fell 1% Y/Y to 1.23bln. (Newswires)

Pop Mart International (9992 HK) - Pop Mart’s Labubu is headed to the big screen in collaboration with Sony Pictures. (SCMP)

Power Assets Holdings (0006 HK) - Co. FY (HKD) net 6.24bln (exp. 6.30bln), rev. 771mln (exp. 847mln). (Newswires)

Tencent (0700 HK) - Co. Q4 (CNY) net 64.69bln (exp. 64.93bln), operating profit 60.34bln (exp. 60.45bln), rev. 194.3bln (exp. 194.1bln), Co. international games business surpassed USD 10bln in annual revenue for the first time, pledges new wave of AI investment as it bets on WeChat agents. (Newswires/SCMP)

PBoC is said to plan for non-bank liquidity in order to curb systemic risk. (Newswires)

USTR Greer said talks with the Chinese were constructive and bilateral trade talks are expected with the EU, Malaysia, and India, while he added that Section 338 is appropriate in certain circumstances and noted that Iran's oil came up a "little bit" in China talks. (Newswire)

White House Press Secretary said China agreed to postpone the Trump visit and will get dates as soon as possible, while they are working on a date. (Newswires)

• Hong Kong Unemployment Rate (Feb) 3.8% vs Exp. 3.9% (Prev. 3.9%)