PRE-MARKET CHINESE STOCKS NEWS: Alibaba's Qwen reached more than 3bln global downloads during the last six months; Chinese activity data is scheduled today at a revised time of 15:00 local time (08:00BST/03:00EDT)

Alibaba (9988 HK) - Co. open-weight models reached more than 3bln global downloads during the last six months, making Qwen the world’s number one AI model. (Newswires) Central China Real Estate (832 HK) - Co. July (CNY) contracted property sales fell 10% Y/Y to 467mln. (Newswires) China Communications Construction (1800 HK) - Co. H1 (CNY) new contract value fell 8.9% Y/Y to 903bln. (Newswires) Datang Renewables (1798 HK) - Co. July power generation fell 11.3% Y/Y to 2.13TWh. (Newswires) Guangzhou R&F Properties (2777 HK) - Co. July (CNY) contracted sales 683mln (prev. 1.03bln Y/Y). (Newswires) Insilico Medicine (3696 HK) - Co. is to be added to the MSCI Global Small Cap Indexes. (Newswires) Kweichow Moutai (600519 CH) - Co. H1 (CNY) net 44.5bln (prev. 45.4bln Y/Y), rev. rose 1.5% Y/Y to 90.7bln. (Newswires) Metallurgical Corporation of China (1618 HK) - Co. July YTD (CNY) new contracts 447.5bln (prev. 611.3bln Y/Y). (Newswires) Ping An Bank (000001 CH) - Co. H1 (CNY) net 25.7bln (prev. 24.9bln Y/Y), net interest income fell 0.5% Y/Y to 44.3bln. (Newswires) Sands China (1928 HK) - Co. H1 (USD) net 398mln (prev. 413mln Y/Y), rev. 3.88bln (prev. 3.49bln Y/Y). (Newswires) SenseTime (20 HK) - Co. guides H1 (CNY) net profit of 500-700mln (prev. loss 1.49bln Y/Y). (Newswires) Shanghai International Airport (600009 CH) - Co. July Hongqiao passenger throughput rose 4.9% Y/Y to 4.4mln, while cargo throughput fell 0.9% Y/Y to 35k tonnes. (Newswires) Spring Airlines (601021 CH) - Co. July load factor rose 1.5ppts Y/Y to 93.3%, passenger traffic rose 9.7% Y/Y and capacity rose 8.0% Y/Y. (Newswires) Zijin Gold (2259 HK) - Co. H1 (USD) net 1.45bln (prev. 520.0mln Y/Y), rev. 3.99bln (prev. 2.00bln Y/Y), with higher international gold prices supporting results; Co. expects gold prices to remain elevated and volatile in H2. (Dow Jones Newsplus) Travel - Hong Kong air passenger traffic rose 11.7% Y/Y, according to Financial Secretary Chan. Other News China is speeding up establishing rules for recycling and reusing wind and solar equipment, while it aims to set up a closed-loop system for waste from the industry before 2030. China revised the release time for July economic data to 15:00 local time (08:00BST/03:00EDT) on Monday, while the State Council Information Office will hold a briefing on the data at the same time. Data Recap Chinese New Yuan Loans (CNY)(Jul) -340B vs. Exp. 45B (Prev. 1610B) Chinese Aggregate Financing (CNY)(Jul) 1410B vs. Exp. 1200B (Prev. 3360B) Chinese M2 Money Supply (Jul YY) 7.7% vs. Exp. 7.9% (Prev. 8.0%)