PRE-MARKET CHINESE STOCK NEWS: PBoC increased its relending quota for agriculture and small businesses by CNY 100bln

CGN Mining (1164 HK) - Co. reported Q2 uranium production of 667.8tU, representing 103.3% of its quarterly plan. (Newswires)HSBC (5 HK) - A Hong Kong court reportedly rejected an appeal over a USD 1.8bln inheritance dispute involving Zong Fuli. (Newswires)Link REIT (823 HK) - Co. will sell a 50% stake in Market Street Trust, which owns a property in Sydney, Australia, for AUD 225.9mln. (Newswires)MMG (1208 HK) - Co. reported Q2 copper production of 120.9kt, down 5% Y/Y. (Newswires)SenseTime (20 HK) - Co. partnered with OXO AIDC to build a flagship AI data centre in Hong Kong. (Newswires)Sinotruk Hong Kong (3808 HK) - A shareholder is reportedly offering 56mln shares at HKD 35.35-36.48/share. (Newswires)Topsports International (6110 HK) - Co. confirmed it will terminate online sales of Nike products in mainland China from Jan. 1, 2027, and expects the move to have a significant impact on the Co. (Newswires)Value Partners Group (806 HK) - Co. reported end-June AUM of USD 7.1bln vs USD 5.3bln Y/Y. (Newswires)Zhongji Innolight (603083 CH) - Co. plans to raise up to HKD 55.05bln through a Hong Kong listing by offering 54.5mln H shares at up to HKD 1,010/share, with trading expected to begin on July 30. (Dow Jones Newsplus)Other NewsPBoC increased its relending quota for agriculture and small businesses by CNY 100bln. (Newswires)US Treasury Secretary Bessent said the US could sanction any open-source AI model found to have used stolen intellectual property and that Chinese AI models would be reviewed in the coming days. Bessent stated the key question was whether Chinese models were trained on stolen material, while he added the US supported open-source AI development but not intellectual property theft and was beginning to see domestic open-source AI models emerge. (Newswires)US and China are reportedly set to hold AI talks in September, according to sources. (Newswires)China's Moonshot was reportedly in discussions to raise pre-IPO funding at a USD 50bln valuation. (Newswires)Data RecapHong Kong CPI Composite YY (Jun) 2.0% vs Exp. 2.2% (Prev. 2.0%)