PRE-MARKET CHINESE STOCK NEWS: Alibaba Group (9988 HK) sues the US government seeking removal from a Pentagon blacklist that claims it is linked to the Chinese military

Alibaba Group (9988 HK) - Co. sues the US government seeking removal from a Pentagon blacklist that claims it is linked to the Chinese military. (BBC)Cathay Pacific Airways (293 HK) - Co. reported May passenger load factor rose 2.0ppts Y/Y to 86.8%, Jan-May passenger load factor rose 2.9ppts Y/Y to 87.5%, May cargo load factor rose 0.3ppts Y/Y to 59.8%, Jan-May cargo load factor rose 0.3ppts Y/Y to 59.0%, and said its summer travel outlook remains positive. (Dow Jones Newswires)CATL (3750 HK) - Co. plans to significantly increase production of sodium-ion cells to help navigate material-price volatility across the EV and grid-storage sectors. (SCMP)China Resources Beer (291 HK) - Co. guides FY26-28 annual dividend of no less than CNY 0.37/shr. (Newswires)Hengan International Group (1044 HK) - Co. appointed Hui Ching Lau as acting chair, effective immediately. (Newswires)Other NewsChina reportedly moved to revise the PBoC law to curb financial risks and seeks a stronger macroprudential framework in a draft document. (Newswires)Chinese Vice Premier He called for the stabilisation of foreign trade and the domestic property market. (Newswires)China's International Trade Negotiator Li Chenggang met with Apple (AAPL) COO Sabih Khan on June 22nd to discuss China-US economic and trade relations and Apple's operations in China. (Newswires)Data RecapHong Kong CPI Composite Y/Y (May) 2.0% vs Exp. 1.9% (Prev. 1.7%)