PRE-MARKET CHINESE STOCKS NEWS: DeepSeek released its V4.1-Flash and said it outperforms its flagship V4-Pro
DeepSeek released V4.1-Flash, Enflame debuts in a USD 912mln IPO, and China-US consultations progress on a USD 30bln tariff cut framework alongside mixed August corporate operational figures.
News detail
China CSSC Holdings (600150 CN) - Co. reported 25 deaths following a cargo ship fire at its Qingdao shipyard and said it has mobilised resources to address the incident. (Newswires) China Jinmao (817 HK) - Co. reported August contracted property revenue fell to CNY 7.40bln from CNY 9.20bln M/M. (Newswires) China Suntien Green Energy (956 HK) - Co. reported August power generation fell 7.5% Y/Y to 730 GWh. (Newswires) Greenland Hong Kong Holdings (337 HK) - Co. reported August YTD contracted revenue rose to CNY 5.75bln (prev. CNY 4.19bln Y/Y). (Newswires) Pou Sheng International (3813 HK) - Co. reported August revenue fell 9.0% Y/Y to CNY 1.13bln. (Newswires) Shanghai Industrial Urban Development Group (563 HK) - Co. said a possible transaction is at a preliminary and exploratory stage after noting media reports that an application had been made to the Shanghai Stock Exchange for a REIT listing. (Newswires) Yue Yuen Industrial (551 HK) - Co. reported August revenue fell 2.1% Y/Y to USD 637mln. (Newswires) IPO/Listings Tencent (700 HK)-backed Enflame is to debut in Shanghai on Friday in USD 912mln IPO. (Newswires) Moonshot AI is exploring a dual listing in Hong Kong and Shanghai to boost capital and market exposure. (SCMP) Tech China plans to boost AI adoption across its software industry, according to US financial press. (Newswires) Anthropic said Chinese AI labs secretly used millions of Claude exchanges to train their models. (Newswires) DeepSeek released its V4.1-Flash and said it outperforms its flagship V4-Pro. (Newswires) Trade China's MOFCOM said China and the US are in consultations on an arrangement for a USD 30bln reciprocal tariff cut framework. (Xinhua) China is extending its anti-dumping probe into pecans from Mexico and the US. (Newswires) Other News PBoC's Lu Lei said the Bank will refine the RRR framework and conduct open-market operations more flexibly and precisely. (Newswires) PBoC and MAS are reportedly set to discuss financial cooperation. (Newswires) China's Financial Regulatory Administration said it will vigorously clamp down on "price wars" and similar practices. (Xinhua) China reportedly halted new battery projects pending a capacity review. (Caixin)
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