PRE-MARKET CHINESE STOCKS NEWS: Hansoh Pharma (3692 HK) struck an ADC licensing deal with Roche worth up to over USD 15bln in milestones; CSRC approved 18 actively managed ETFs to support the stock market

GCL Technology (3800 HK) - Co. entered a non-legally binding MoU on the possible acquisition of equity interests in Sichuan GCL Lithium Battery Technology, which would constitute a connected transaction. (HKEX filing) Hansoh Pharmaceutical (3692 HK) - Co. entered a strategic collaboration and license agreement with Roche covering a portfolio of ADC programmes; Co. will receive a USD 400mln upfront payment and a USD 110mln first-anniversary payment, and is eligible for potentially more than USD 15bln in milestone payments plus tiered royalties, while retaining rights in Mainland China, Hong Kong, Macau and Taiwan. (HKEX filing) SF Holding (6936 HK) - Co. September total revenue rose 6.34% Y/Y to RMB 28.72bln; express logistics revenue was flat at RMB 20.84bln as parcel volume fell 7.25% Y/Y to 1.40bln and revenue per parcel rose 7.71% to RMB 14.94, while supply chain and international revenue rose 28.13% to RMB 7.88bln. (HKEX filing) TCL Electronics (1070 HK) - Co. expects 9M revenue of HKD 91.0-97.7bln (+10-18% Y/Y) and adjusted attributable profit of HKD 2.11-2.25bln (+45-55% Y/Y). (HKEX filing) Zijin Mining (2899 HK) - Co.'s unit Zijin Gold International (2259 HK) produced c. 41 tonnes of mined gold in 9M (+28% Y/Y), with revenue up c. 70%, attributable profit up c. 123% and operating cash flow up c. 157% Y/Y. (HKEX filing) Trade China's MOFCOM said China will resolutely retaliate to safeguard the legitimate rights and interests of Chinese industries if the UK insists on imposing restrictions on Chinese EVs. (Newswires) Other News The CSRC approved 18 actively managed ETFs, which could channel tens of billions of yuan into A-shares, with CSRC Chairman Wu Qing pledging to crack down on market irregularities and encouraging listed firms to buy back shares; fund managers could announce offerings as early as Tuesday. (SCMP) PBoC Governor Pan said the open market overnight reverse repo rate will become the main policy rate, and that the PBoC will launch a liquidity support tool for large-scale redemptions by non-bank institutions. (Newswires) DeepSeek is working closely with Huawei to shape the design of future AI chips, The Information reported; separately, the Trump administration is removing DeepSeek from civilian government agency IT systems. (Newswires) China's Foreign Ministry said it had no information to share on any meeting between the leaders of Russia, China and the US. (Newswires) The IMF raised its Hong Kong 2026 growth forecast to 3.8%, with Financial Secretary Paul Chan saying the government is even more optimistic. (China Economic Net) PBoC maintained its 1yr and 5yr LPRs as expected. Hong Kong's market reopens on Tuesday after Monday's Chung Yeung Festival holiday.