PRE-MARKET HONG KONG STOCKS NEWS: Meituan (3690 HK) prelim. FY25 (CNY) net loss 23.3bln-24.3bln (exp. loss 22.2bln), mainland China is closed for more than a week, while Hong Kong markets will only be open for the morning session
Newsquawk Staff ·
CGN Mining (1164 HK) - Co. CFO Xu Junmei stepped down, while Li Jie was named as the new CFO. (Newswires)
China Shenhua Energy Company (1088 HK) - Co. January coal production 27.4mln tons (prev. 24.9mln tons Y/Y). (Newswires)
Meituan (3690 HK) - Co. prelim. FY25 (CNY) net loss 23.3bln-24.3bln (exp. loss 22.2bln). (Newswires)
Pacific Basin Shipping Limited (2343 HK) - Co. shareholders entered a pact with shareholder Caravel for investment in the Co. (Newswires)
Sands China (1928 HK) - Co. prelim. FY25 (USD) net 896mln (exp. 998mln), rev. 7.44bln (exp. 7.45bln). (Newswires)
Sino Biopharmaceutical (1177 HK) - Co. new indication for Benmelstobart was approved by China’s NMPA for marketing. (Newswires)
Tech
US proposed a ban on agencies using some Chinese semiconductors. (Newswires)
Pentagon added Baidu (9888 HK), Cosco (1919 HK), BYD (1211 HK), Huawei, Nio (9866 HK), SMIC (981 HK), Tencent (700 HK), and more to a list of Chinese firms aiding military, although it was separately reported that the US withdrew the newly updated list of firms allegedly aiding China's military shortly after it was posted. (Newswires)
China issued new guidelines on internet platform anti-monopoly, which stated that platform operators should avoid abusing their dominant market role. (Newswires)
Other News
Chinese Foreign Minister Wang Yi said at the Munich Security Conference on Saturday that China and the US will continue to adhere to mutual respect, peaceful coexistence, and win-win cooperation. (AA Stocks)
China and the US are likely to secure several “very positive” outcomes but not a “grand bargain” at their presidential summit in April, according to SCMP citing the American Chamber of Commerce chairman Zimmerman. (SCMP)
China and the US held an anti-drug intelligence exchange meeting on February 10th-12th, while both sides agreed to promote healthy and practical anti-drug cooperation. (Xinhua)
PBoC Vice Governor pledged to increase financial exchange with other ASEAN nations, while it was also reported that China is to boost policy support for low-altitude industries. (Newswires)
China's Mofcom held a roundtable with German firms and it hopes that German companies can increase investment in China. (Newswires)
Data Recap
- Chinese New Yuan Loans (CNY)(Jan) 4710B vs. Exp. 5000B (Prev. 910B)
- Chinese Aggregate Financing (CNY)(Jan) 7220B vs. Exp. 7050B (Prev. 2210B)
- Chinese M2 Money Supply YoY (Jan) Y/Y 9% vs. Exp. 8.4% (Prev. 8.5%)
- Chinese Outstanding Loan Growth YoY (Jan) Y/Y 6.1% vs. Exp. 6.2% (Prev. 6.4%)
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.
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