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PRE-MARKET CHINESE STOCKS NEWS: Chinese regulators reportedly asked some banks not to classify overdue loans to China Vanke (2202 HK) as non-performing and to extend loan repayments

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Chinese regulators reportedly granted loan forbearance to China Vanke, DeepSeek and Moonshot AI face data routing investigations, and President Xi prepares for US talks without a CEO delegation.

News detail

China Vanke (2202 HK) - Chinese regulators reportedly asked some banks not to classify overdue loans to the Co. as non-performing and to extend loan repayments. (Newswires) CITIC Securities (6030 HK) - Co. Party Chief Zhang Youjun is to step down, according to Chinese press. (Newswires) Xiaomi (1810 HK) - Co. released MiMo-V2.6 (Pro + Flash + UltraSpeed), scaling large-batch multi-domain reinforcement learning on a hybrid SWA+GA MoE architecture for agentic self-improvement and claiming the top open-weights ranking on the Artificial Analysis Intelligence Index at unchanged V2.5 pricing. (Newswires) AI China Premier Li said the country is pushing to use AI in manufacturing development. (Newswires) China's internet regulator is investigating DeepSeek and Moonshot AI after Anthropic alleged both companies had been routing sensitive user data to Claude models. (The Information) Automakers China’s Commerce Ministry said the government supports Chinese automakers investing in Europe and welcomed German automakers expanding in China, following a call with the head of a German auto industry body. (Newswires) Trade Chinese President Xi is reportedly unlikely to bring a business delegation to his meeting with US President Trump, with the summit also unlikely to include Chinese CEOs, according to the WSJ. Preparations remain ongoing, and plans could change. China's MOFCOM said its Commerce Minister met with the German Auto Industry Association President to discuss bilateral auto cooperation and China-EU trade, adding that China is not the root cause of EU trade problems. US Treasury Secretary Bessent's proposed AI safety "notification mechanism" is an open channel between him and Chinese Vice Premier He Lifeng, according to four people familiar with the matter cited by Politico. Other News China’s US ambassador warned of ‘red lines’ ahead of the Trump-Xi summit. (Newswires) Hong Kong regulators are reportedly set to unveil new measures on Wednesday aimed at deepening yuan usage and cross-border market links. (SCMP)

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