PRE-MARKET CHINESE STOCKS NEWS: Xiaomi (1810 HK) signed an MoU with the first batch of leading German automotive dealer groups as it plans to enter the European market in 2027
Japanese Chief Cabinet Secretary Kihara says Japan will support environment for SME wage increases and will handle China ties with national interest in mind
UAV attack caused a fire at an oil depot in Sochi, according to TASS
PRE-MARKET CHINESE STOCKS NEWS: Xiaomi (1810 HK) signed an MoU with the first batch of leading German automotive dealer groups as it plans to enter the European market in 2027
PBoC 7-day reverse repo operation amount remains at zero
RBNZ Assitant Governor Silk says hike in October or December is still open
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SmarTone Telecommunications Holdings (315 HK) - Co. FY26 (HKD) net 525mln (prev. 479mln Y/Y), rev. 6.60bln (prev. 6.25bln Y/Y). (Newswires)
Xiaomi (1810 HK) - Co. signed an MoU with the first batch of leading German automotive dealer groups as it plans to enter the European market in 2027. (Newswires)
ByteDance - Co. is reportedly seeking to expand computing capacity by building additional data centres in Inner Mongolia over the next two years, after preliminary talks with local vendors to add 5-6 gigawatts of capacity. (Newswires)
Autos
China’s preliminary retail passenger vehicle sales rose 11% M/M and fell 4% Y/Y in August, versus -8.8% M/M and -20.9% Y/Y previously, according to the PCA. (Newswires)
US auto industry group reportedly urged lawmakers to pass a comprehensive ban on Chinese vehicles before year-end. (Newswires)
Other News
China is reportedly targeting a 15% increase in SME revenues by 2030, while seeking to strengthen the IPO pipeline for SMEs and launch a bond-market technology board for the sector. (Newswires)
USTR Greer said the US is looking to reduce its deficit with China and will probably make agriculture announcements during Chinese President Xi’s visit, adding that he is optimistic about the US-China relationship. (Newswires)
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