PRE-MARKET CHINESE STOCKS NEWS: China is to allow its USD 568bln social security fund to access the Southbound Bond Connect program
China approved its social security fund for Southbound Bond Connect, chipmakers secured three-year DUV stockpiles, Moore Threads filed for a Hong Kong IPO, and USI and Dongfeng posted August gains.
News detail
Dongfeng Automobile (600006 CH) - Co. reported August vehicle production of 7.2k units (prev. 6.8k Y/Y). (Newswires) Moore Threads Technology (688795 CH) - Co. reportedly made a confidential filing for a Hong Kong IPO. (Newswires) Universal Scientific Industrial (601231 CH) - Co. reported August (CNY) rev. rose 17.1% Y/Y to 6.51bln. (Newswires) Tech - CXMT (688825 CH) and YMTC (YMTC IPO) have reportedly stockpiled enough ASML DUV lithography machines to cover their expansion plans for the next three years, while Yuliangsheng uses projection lenses made by Germany’s Zeiss in its DUV machines, highlighting a key remaining bottleneck in China’s domestic lithography push. (Newswires) Other News - China is to allow its USD 568bln social security fund to access the Southbound Bond Connect program. (Newswires)
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