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PRE-MARKET CHINESE STOCKS NEWS: ChangXin Memory Technologies (688825 CH) memory chips are being tested by Apple (AAPL) across products including iPhones and MacBooks

StockNow breaking-news AI analysis

China's economy faces persistent deflationary pressure and a property slump despite PBoC support. Apple's testing of CXMT chips highlights strategic supply chain shifts, though geopolitical risks and price stalemates remain hurdles.

News detail

Asia Cement China (743 HK) - Co. prelim. H1 (CNY) net loss 94mln (prev. profit 114mln Y/Y), rev. 2.29bln (prev. 2.50bln Y/Y). (Newswires) ChangXin Memory Technologies (688825 CH) - Co.’s memory chips are being tested by Apple (AAPL) across products including iPhones and MacBooks as Apple looks to mitigate component shortages driven by the AI boom. (Newswires) GAC Group (601238 CH) - Co. July vehicle production rose 30% Y/Y to 32.4k, while sales rose 14% Y/Y to 28.6k. (Newswires) Greentown China Holdings (3900 HK) - Co. H1 (CNY) net expected at 50-100mln (prev. 210mln Y/Y), citing factors including lower ASPs. (Newswires) Guotai Junan International (1788 HK) - Co. received a conditional privatisation proposal from parent Guotai Haitong Financial Holdings at HKD 3.00/shr. (Newswires) Kinetic Development Group (1277 HK) - Co. H1 (CNY) net expected to rise 31-40% Y/Y to 730-780mln. (Newswires) Longfor Group (960 HK) - Co. July (CNY) contracted sales 1.39bln (prev. 4.01bln Y/Y). (Newswires) Moore Threads Technology (688795 CH) - Co. plans to list in Hong Kong at an appropriate time after its shares surged more than 420% since its Shanghai debut last year. (Newswires) Powerlong Real Estate Holdings (1238 HK) - Co. July (CNY) contracted sales 550mln (prev. 582mln Y/Y). (Newswires) Other News PBoC said on Sunday that it will continue to implement a moderately loose monetary policy in H2, strengthen counter-cyclical adjustment, and take solid steps to promote sustained and improved economic development. (China Economic Net) China issued a red alert ahead of Typhoon Dolphin, with more than 1,000 flights cancelled and some rail services suspended. (Newswires) Data Recap Chinese CPI M/M (Jul) -0.1% vs. Exp. 0.2% (Prev. -0.3%). Chinese CPI Y/Y (Jul) 0.5% vs. Exp. 0.8% (Prev. 1.0%). Chinese PPI Y/Y (Jul) 3.5% vs. Exp. 3.8% (Prev. 4.1%).

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