PRE-MARKET CHINESE STOCKS NEWS: Chinese big banks reported earnings growth, Official PMIs disappointed, PBoC will meet with the NFRA, CSRC and major banks on Monday to discuss measures to support the capital market

Agricultural Bank of China (1288 HK) - Co. Q3 2026 (CNY) net rose 10.8% Y/Y to 90.17bln, operating income rose 15% Y/Y to 208.38bln, NII rose 11% Y/Y to 160.30bln. (Newswires) Bank of China (3988 HK) - Co. Q3 2026 (CNY) net rose 6.4% Y/Y to 63.89bln, rev. rose 4.3% Y/Y to 169.69bln. (Newswires) China Construction Bank (939 HK) - Co. Q3 2026 (CNY) net 104.66bln (prev. 95.28bln Y/Y), operating income 197.23bln (prev. 174.38bln Y/Y), NII 159.45bln (prev. 140.90bln Y/Y). (Newswires) ICBC (1398 HK/601398 CH) - Co. Q3 2026 (CNY) net 111.96bln (exp. 104.00bln, prev. 101.81bln Y/Y), operating income 220.97bln (prev. 201.89bln Y/Y), NII 177.82bln (prev. 159.84bln Y/Y), net fee and commission income 23.05bln (prev. 23.85bln Y/Y). (Newswires) CNOOC (883 HK/600938 CH) - Co. Q3 2026 (CNY) net rose 2.7% Y/Y to 33.30bln, rev. 112.91bln (prev. 104.90bln Y/Y), oil and gas sales 99.27bln (prev. 83.74bln Y/Y). (Newswires) BYD (1211 HK) - Co. October vehicle sales fell to 490.2k units (prev. 491.7k Y/Y), overseas sales rose 102.8% Y/Y to 170.2k units, January-October vehicle sales fell 2.2% Y/Y to 3.62mln units and production fell 0.5% Y/Y to 3.63mln units. (Newswires) China Eastern Airlines (670 HK) - Co. Q3 2026 (CNY) net fell 98.2% Y/Y to 64mln, rev. rose 8.2% Y/Y to 42.8bln. (Newswires) China Everbright Bank (6818 HK) - Co. Q3 2026 (CNY) net 9.56bln (prev. 12.4bln Y/Y), NII 24.5bln (prev. 23.5bln Y/Y). (Newswires) China International Capital (3908 HK) - Co. Q3 2026 (CNY) net rose 125.6% Y/Y to 5.05bln, rev. rose 43.9% Y/Y to 11.4bln. (Newswires) China Jinmao Holdings (2009 HK) - Co. 9M 2026 (CNY) net loss 1.5bln (fell 2,222% Y/Y), rev. fell 18.2% Y/Y to 19.6bln. (Newswires) PICC (1339 HK) - Co. Q3 2026 (CNY) net loss 4.93bln (prev. profit 20.3bln Y/Y), insurance rev. 443bln (prev. 431bln Y/Y). (Newswires) China Life Insurance (601628 CH) - Co. 9M 2026 (CNY) Adj. net 89.4bln (prev. 168bln Y/Y), rev. 368bln (prev. 538bln Y/Y). (Newswires) China Merchants Bank (3968 HK) - Co. Q3 2026 (CNY) net 40.0bln (prev. 38.8bln Y/Y), NII 57.4bln (prev. 54.0bln Y/Y). (Newswires) China Minsheng Banking (1988 HK) - Co. Q3 2026 (CNY) Adj. net fell 33.2% Y/Y to 4.79bln, NII rose 1.4% Y/Y to 26.7bln. (Newswires) China Railway Construction (1186 HK) - Co. Q3 2026 (CNY) Adj. net fell 84.0% Y/Y to 658mln, rev. fell 11.8% Y/Y to 211bln. (Newswires) China State Construction Engineering (601668 CH) - Co. Q3 2026 (CNY) net 5.71bln (exp. 6.22bln), rev. 360bln (exp. 405bln). (Newswires) China Suntien Green Energy (956 HK) - Co. Q3 2026 (CNY) net fell 85.9% Y/Y to 20.7mln, rev. fell 17.9% Y/Y to 2.91bln. (Newswires) COSCO Shipping Development (2866 HK) - Co. Q3 2026 (CNY) net rose 20.5% Y/Y to 507mln, rev. fell 11% Y/Y to 7.23bln. (Newswires) CRRC Corporation (1766 HK) - Co. Q3 2026 (CNY) net 2.32bln (prev. 2.70bln Y/Y), rev. fell 1.7% Y/Y to 63.0bln. (Newswires) CXMT (688825 CH) - Co. Q3 2026 (CNY) Adj. net 55.2bln (exp. 58.3bln), rev. 118.7bln (exp. 119.4bln), plans to buy back CNY 1-2bln in shares. (Newswires) GAC Group (2238 HK) - Co. Q3 2026 (CNY) net loss 2.52bln, rev. rose 17.9% Y/Y to 28.4bln. (Newswires) Geely Automobile (175 HK) - Co. October vehicle sales rose 1% Y/Y to 310,183 units, while January-October sales rose 3% Y/Y to 2.55mln units. (Newswires) Huatai Securities (6886 HK) - Co. Q3 2026 (CNY) net 3.35bln (prev. 5.18bln Y/Y), rev. 8.09bln (prev. 10.9bln Y/Y). (Newswires) Kweichow Moutai (600519 CH) - Co. Q3 2026 (CNY) net 20.0bln (exp. 19.7bln), rev. 133bln (prev. 131bln Y/Y). (Newswires) Link REIT (823 HK) - Co. agreed to sell its entire interest in 700 Nathan Road to Han Bliss Global for HKD 2.3bln, with completion expected in Q1 2027, while retaining property management responsibilities. (Newswires) Metallurgical Corporation of China (1618 HK) - Co. Q3 2026 (CNY) net rose 29.9% Y/Y to 1.13bln, rev. fell 21.2% Y/Y to 76.9bln. (Newswires) New China Life Insurance (1336 HK) - Co. Q3 2026 (CNY) Adj. net loss 51mln (prev. profit 18.1bln Y/Y), rev. fell 97.1% Y/Y to 1.92bln. (Newswires) Postal Savings Bank of China (1658 HK) - Co. Q3 2026 (CNY) net 28.6bln (exp. 28.3bln), NII 73.0bln (exp. 74.6bln). (Newswires) Power Construction Corporation of China (601669 CH) - Co. Q3 2026 (CNY) net 883mln (prev. 2.04bln Y/Y), rev. 139bln (prev. 146bln Y/Y). (Newswires) Shanghai Electric Group (2727 HK) - Co. Q3 2026 (CNY) net rose 12% Y/Y to 273mln, rev. rose 22% Y/Y to 34.1bln. (Newswires) Yangtze Optical Fibre and Cable (6869 HK) - Co. Q3 2026 (CNY) net 3.20bln (prev. 174mln Y/Y), rev. rose 139.4% Y/Y to 9.32bln. (Newswires) Yankuang Energy (1171 HK) - Co. Q3 2026 (CNY) net 3.97bln (prev. 2.29bln Y/Y), rev. 41.9bln (prev. 38.6bln Y/Y). (Newswires) Zhuzhou CRRC Times Electric (3898 HK) - Co. Q3 2026 (CNY) net rose 4.2% Y/Y to 1.09bln, rev. rose 17.1% Y/Y to 7.75bln. (Newswires) Trade Chinese Premier Li Qiang told visiting German President Steinmeier that China is willing to increase imports of high-quality German products and urged both countries to uphold free trade and open cooperation amid rising protectionism. Li also called for expanded cooperation through bilateral consultation mechanisms in the automotive, chemical, AI, digital and green industries, according to a Chinese foreign ministry readout. China's MOFCOM said the nation's upgraded free-trade agreement with Peru took effect on Sunday, expanding provisions covering e-commerce, global supply chains, competition policy and the environment. Other News PBoC will meet with the NFRA, CSRC and major banks on Monday to discuss measures to support the capital market, including improvements to a relending programme for share buybacks and stake increases, according to Cailian, citing industry sources. PBoC announced changes to its 7-day reverse repo operations on Friday, which will move to fixed-quantity, rate-tender auctions with multiple winning prices. PBoC said other tools, including temporary repos and offshore central bank repo tools, will be priced off the overnight reverse repo rate, while 7-day reverse repo operations will mainly take place around tax periods and month-end. China's DeepSeek launched a prototype of a more autonomous coding agent, dubbed "Super-Agent", as it seeks to challenge Anthropic's Claude Code, with the open-source offering able to proactively monitor developers' group chats for coding issues and suggest solutions without being prompted. Macau's gaming revenue in October fell for a fifth consecutive month with gross gaming revenue down 10% Y/Y to MOP 21.68bln, as weak spending by high-end players offset a surge in Golden Week visitors. DATA RECAP Chinese NBS Manufacturing PMI (Oct) 49.3 vs. Exp. 50.0 (Prev. 50.1) Chinese NBS Non-Manufacturing PMI (Oct) 49.7 vs. Exp. 50.5 (Prev. 50.2) Chinese NBS General PMI (Oct) 49.7 (Prev. 50.7)