PRE-MARKET CHINESE STOCKS NEWS: Chinese markets reopen from the week-long holiday, EU is preparing a temporary import cap on Chinese hybrid cars

Beiqi Foton Motor (600166 CH) - Co. September vehicle production was 56.3k units (prev. 56.3k units Y/Y). (Newswires) Biren Technology (6082 HK) - Co. confirmed a planned H-share placement to raise approximately HKD 4.04bln at HKD 31.08/shr, with around 70% of net proceeds to be used for strategic supply-chain initiatives. (Newswires) Greentown China (3900 HK) - Co. September (CNY) rev. 9.4bln (prev. 12.8bln Y/Y). (Newswires) SAIC Motor (600104 CH) - Co. September vehicle sales were 406.1k units (prev. 439.8k units Y/Y). (Newswires) Sa Sa International (178 HK) - Co. Q2 (HKD) rev. rose 37% Y/Y to 1.41bln. (Newswires) Zhejiang Huahai Pharmaceutical (600521 CH) - Co. 9M (CNY) prelim. net rose 170-190% Y/Y to 1.03-1.10bln. (Newswires) Aviation - China will raise aviation fuel surcharges from October 10, with charges for flights up to 800km increasing to CNY 50 from CNY 40 and charges for longer flights rising to CNY 90 from CNY 70. (China Daily) Trade US FCC is to vote on October 29 regarding a proposal to bar Chinese labs from testing electronic devices such as smartphones, cameras and computers for use in the US. (Newswires) Talks between the EU and China will focus on autos, as the EU seeks a commitment from China to stem exports of hybrid vehicles. (Politico) EU is preparing a temporary import cap on Chinese hybrid cars. (Bloomberg) China has rejected an EU request to voluntarily restrict exports of hybrid cars to Europe, as the two sides enter last-ditch talks to avert a trade conflict. (FT) China and the EU could monitor trade within hybrid autos but also use trade probe tools against the EU. (CCTV) UK government will impose a new anti-dumping measure on imports of rutile titanium dioxide from China, finding that the product is being dumped into the UK and poses an imminent threat of injury to domestic industry. (Newswires) Other News Citigroup economists said China’s domestic economy is on the “verge” of recession, although headline growth should still meet the 2026 target, while noting the government is approaching a policy inflexion point. (Newswires)