PRE-MARKET CHINESE STOCKS NEWS: China's MOFCOM unveiled a framework to advance e-commerce development, Hong Kong markets remain closed

BYD (002594 CH) - Co. has been blacklisted by Brazil’s Labour Ministry for labour violations. (Newswires)Dongfeng Automobile (600006 CN) - Co. reported Mar vehicle production of 23.6k units (prev. 20.8k Y/Y). (Newswires)Gemdale Properties and Investment (535 HK) - Co. FY (CNY) net loss 13.3bln (exp. loss 5.7bln), rev. 35.9bln (exp. 54.6bln). (Newswires)Universal Scientific Industrial (601231 CN) - Co. FY (CNY) net 1.85bln (prelim. 1.85bln). (Newswires)Xiaomi (1810 HK) - Co. is reportedly expecting 2026 phone sales to decline by 13%, citing sources. (Caijing)Other NewsChina's MOFCOM unveiled a framework to advance e-commerce development, emphasising on both growth and regulatory fairness, while it aims to merge digital and traditional sectors, create mutually beneficial ecosystem, and enhance international cooperation. (Newswires)