PRE-MARKET CHINESE STOCKS NEWS: US President Trump said he is not worried about Chinese President Xi cancelling their summit scheduled for this month

Alibaba Health Information Technology (241 HK) - Co. appointed Yu Yong as chairman and CEO after Shen Difan resigned from both roles with immediate effect to focus more on Alibaba Group’s AI business in healthcare; Shen will remain an executive director. (Newswires)

China Coal Energy (601898 CN) - Co. August coal sales volume rose 2.6% Y/Y to 21.4mln tons. (Newswires)

Guangzhou R&F Properties (2777 HK) - Co. August (CNY) contracted rev. fell 24% Y/Y to CNY 823mln. (Newswires)

Z.AI (2513 HK) - Co. confirmed a USD 5.0bln equity fundraising that includes convertible bonds, with the offering including the placement of 22.0mln new shares at HKD 714.00/shr for proceeds of HKD 15.7bln. (Newswires)

Trade

US President Trump suggested he may be willing to allow a Chinese automaker to build EVs in the US if it employed US workers. (Newswires)

Other News

US President Trump said he is not worried about Chinese President Xi cancelling their summit scheduled for this month, while Japanese media reported that Beijing told Washington it would cancel the planned summit if any new arms sales to Taiwan are approved. (Newswires)

Chinese President Xi used the BRICS summit to outline Beijing’s vision for AI and said China will lead the creation of a BRICS community for open-source AI. (Newswires)

Chinese President Xi held a bilateral meeting with Indian PM Modi, signalling a reset in ties between the two countries. (Newswires)

China's MOFCOM vowed countermeasures against US spying activities and urged the US to immediately stop espionage activities targeting China, including Chinese companies. (Newswires)

China called on state-owned enterprises to sharpen overseas investment strategies and strengthen security safeguards. (Newswires)