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

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)

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)

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)