PRE-MARKET CHINESE STOCKS NEWS: PBoC cut the mortgage-supplementary lending rate by 25bps to 1.50%, while Chinese PMIs are scheduled ahead of the National Day holidays

BYD (1211 HK) - Co. elected Wang Chuanfu as Chairperson. (Newswires) Chiho Environmental Group (976 HK) - Co. received a civil court ruling on August 20 related to the restructuring of Loncin and expects no material adverse impact. (Newswires) Hengan International (1044 HK) - Co. announced the death of businessman Sze Man. (Newswires) Trade China urged the EU to use dialogue to resolve disputes and vowed a response if the EU proceeds with discriminatory measures. (Newswires) Nvidia (NVDA) and AMD (AMD) are lobbying the Trump administration to prevent lawmakers from curbing exports to China and are asking lawmakers to hold off on China-related chip export restrictions in the defence bill, while the legislation has bipartisan support, according to Politico citing sources. (Newswires) Other News PBoC cut the mortgage-supplementary lending rate (PSL) by 25bps to 1.50% (prev. 1.75%) to encourage policy banks to support the real economy and national strategic priorities, including six infrastructure networks covering water, power grids, computing power, next-generation communications, urban underground pipes and logistics. PBoC also raised the re-lending quota for tech innovation and technological transformation by CNY 200bln to CNY 1.4trn and increased the facility's support ratio to 100% from 60%, aiming to boost lending to SME technology firms and corporate equipment upgrades. (Newswires) Chinese Vice Premier He Lifeng said China welcomes Japanese companies to develop in China and share market opportunities. (Xinhua)