PRE-MARKET CHINESE STOCKS NEWS: US President Trump said the US requested a delay of his planned summit with Chinese President Xi by a month or so as he needs to stay in the US amid the Iran war

Air China (753 HK) - Co. reported Feb. passenger load factor rose 3.8ppts Y/Y to 85.9%, while passenger traffic rose 19.1% Y/Y. (Newswires)

Alibaba (9988 HK) - Co. reportedly plans a major revamp to heighten focus on AI monetisation and is to create a token hub division to oversee AI projects. (Newswires)

China Aoyuan Group (3883 HK) - Co. FY (CNY) net loss 19.8bln (prev. profit 2.1bln Y/Y). (Dow Jones Newsplus)

China Glass Holdings (3300 HK) - Co. FY (CNY) net loss 5.8bln (prev. loss 964.0mln Y/Y). (Dow Jones Newsplus)

China Medical System (867 HK) - Co. FY (CNY) net fell 6% Y/Y to 1.5bln, rev. rose 9% Y/Y to 8.2bln. (Newswires)

Hainan Airlines (600221 CN) - Co. Feb. passenger load factor rose 2.1ppts Y/Y to 87.6%, while passenger traffic rose 8.9% Y/Y. (Newswires)

Leapmotor (9863 HK) - Co. FY (CNY) net profit 540mln (prev. loss 2.82bln Y/Y), rev. rose 101.3% Y/Y to 64.73bln, no dividend declared. (AA Stocks)

Spring Airlines (601021 CN) - Co. Feb. passenger load factor rose 2.1ppts Y/Y to 93.5%, while passenger traffic rose 25.6% Y/Y and capacity rose 22.8% Y/Y. (Newswires)

Property - Shanghai city reportedly adjusted the down-payment ratio for commercial property purchases. (Newswires)

Fertilisers - Chinese authorities reportedly tightened fertiliser export curbs. (Newswires)

Other News

US President Trump said the US requested a delay of his planned summit with Chinese President Xi by a month or so as he needs to stay in the US. (Newswires)

US Treasury Secretary Bessent said US-China trade meetings in Paris were "very good" and will see whether Trump’s China visit goes as planned, while he stated any potential rescheduling would be attributed to logistical issues, and they will issue a statement in the next few days regarding US-China talks. Bessent also said the purpose of these talks is to prevent retaliation and that they discussed China receiving energy from the Gulf, as well as encouraged China to be a good international partner. (Newswires)

USTR Greer said a work plan was concluded on deliverables at the China meeting, while they also discussed talks on a possible US-China Board of Trade, what to export to China, and the status of receiving rare earths. (Newswires)

China's Vice Premier He Lifeng urged the US to remove unilateral tariffs and hopes the US widens the list of cooperation, while he added that China and the US have agreed to strengthen trade talks and properly manage the differences between them. (Newswires)

China’s trade negotiator Li said on talks with the US, that they spoke about a possible extension of tariff suspensions and other matters, as well as spoke about concerns of trade and economic issues. Li said the US spoke on recent tariff adjustments and the Chinese side voiced concerns, while both sides agreed to maintain the stability of tariff levels and discussed mechanisms on trade and investment. Furthermore, he said they reached a preliminary consensus and that China will continue to engage in discussions. (Newswires)

China's NFRA is to intensify its crackdown on illegal financial activities and will accelerate the financing framework aligned with the new real estate development model. (Newswires)

Standard Chartered analysts pushed back their call for a PBoC rate cut to Q3 from Q2. (Newswires)