PRE-MARKET CHINESE STOCKS NEWS: Chinese authorities are reportedly planning to tighten protections for online platform workers, potentially affecting Meituan (3690 HK), Alibaba (9988 HK) and JD.com (9618 HK)
The bulletin reports a possible online-worker protections plan, company operating updates, official trade contacts and the PBoC’s exchange-rate position and planned IMF reporting.
News detail
BOC Aviation (2588 HK) - Co. Q3 total aircraft and engine portfolio stood at 812 (prev. 812 Y/Y), with an order book of 322 aircraft and an average owned aircraft age of 5.1 years. (Newswires) BYD (1211 HK) - Co. is analysing lithium-linked opportunities in Argentina, according to Argentine Foreign Minister Quirno. (Newswires) Changan Automobile (000625 CH) - Co. September vehicle production fell 29.3% Y/Y to 197.7k units. (Newswires) CIFI Holdings (884 HK) - Co. September contracted revenue fell to CNY 690mln (prev. CNY 900mln Y/Y). (Newswires) Daqin Railway (601006 CH) - Co. September cargo transportation on the Daqin railway fell 5.1% Y/Y to 31.4mln tonnes. (Newswires) Dongfeng Automobile (600006 CH) - Co. September vehicle production rose to 9.9k units (prev. 6.4k Y/Y). (Newswires) Guiguan Electric Power (600236 CH) - Co. 9M power generation rose 16.1% Y/Y to 37.0bln kWh. (Newswires) Poly Property Group (119 HK) - Co. September contracted revenue fell to CNY 3.5bln (prev. CNY 3.9bln Y/Y). (Newswires) Powerlong Real Estate (1238 HK) - Co. September contracted revenue fell to CNY 420mln (prev. CNY 524mln Y/Y). (Newswires) RoboSense (2498 HK) - Co. Q3 LiDAR sales volume rose to 595.6k units (prev. 388.9k Q/Q), including ADAS sales of 450.4k units (prev. 291.8k Q/Q) and robotics sales of 145.2k units (prev. 97.1k Q/Q). (Newswires) Seres Group (601127 CH) - Co. September vehicle production fell 38.4% Y/Y to 30.3k units. (Newswires) Shaanxi Coal Industry (601225 CH) - Co. September coal production rose to 15.0mln tonnes (prev. 14.6mln Y/Y). (Newswires) XPeng (9868 HK) - Co. has opened registration in China for its YOYO robotaxi service. (Newswires) Yutong Bus (600066 CH) - Co. September vehicle sales fell 12.6% Y/Y to 4.16k units. (Newswires) Trade China Vice Premier He held a video call with UK Chancellor Healey to enhance economic and financial cooperation with the UK, according to Xinhua. China Commerce Minister met EU trade chief Sefcovic in Beijing. Other News PBoC said it does not intend to devalue the CNY for trade advantages and will maintain market forces as the primary driver of the yuan exchange rate, while it will begin reporting FX operation data to the IMF in 2027. Chinese authorities are reportedly planning to tighten protections for online platform workers, potentially affecting Meituan (3690 HK), Alibaba (9988 HK) and JD.com (9618 HK). (Newswires)
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