PRE-MARKET CHINESE STOCK NEWS: Walmart (WMT) is reportedly selling its entire USD 3.47bln shareholding in JD.com (9618 HK)

Bank of Hangzhou (600926 CH) - China Life Insurance (2628 HK) plans to unload up to a 1.86% stake in the Co. between August 26th-November 25th. (Newswires)

Beijing Energy International (686 HK) - Co. announces acquisition of 40% interest in Beijing Jingneng Clean Energy (Australia) Holding for AUD 183mln. (Newswires)

BYD (1211 HK) - Co. and Mercedes-Benz (MBG GY) JV Denza launches two flagship models priced at CNY 339,800 - 419,800. (Newswires)

China High Speed Transition Equipment (658 HK) - Co. sees HY loss attributable of a maximum CNY 530mln. (Newswires)

China Mobile (941 HK) - Co. July net additional customers for mobile business at 559k. (Newswires)

China Railway Group (390 HK) - Co. board elected Chen Yuan as Chairman. (Newswires)

China Telecom (728 HK) - Co. H1 (CNY) net rose 8.2% Y/Y to 21.8bln, rev. rose 2.8% Y/Y to 268.0bln. (Newswires)

China Travel International Investment Hong Kong (308 HK) - Co. sees HY net to decline by at least 60% Y/Y. (Newswires)

China Unicom (762 HK) - Co. July aggregate Big Connectivity subscribers rose to 1.078bln (prev. 1.066bln M/M). (Newswires)

CK Infrastructure (1038 HK) - Hong Kong Stock Exchange granted a waiver to the Co. to enable it to publish inside information during Hong Kong market hours. (Newswires)

JD.com (9618 HK) - Walmart (WMT) is reportedly selling its entire USD 3.47bln shareholding in JD.com. (Newswires)

MTT Group (2350 HK) - Co. entered into a non-binding MOU with Guangzhou Shiruikang Health Technology for formation of a JV. (Newswires)

XPeng (9868 HK) - Co. Q2 (CNY) net -1.28bln (prev. -2.80bln Y/Y, exp. -1.64bln), rev. rose 60.2% Y/Y to 8.11bln (exp. 8.23bln). (Newswires)

Automakers - EU announced planned car tariff duties on vehicles made in China in which it plans a new duty of 9% on Tesla (TSLA) (vs. provisional duty of 20.8%), 17% on BYD (1211 HK)(vs. provisional duty of 17.4%) 19.3% on Geely (175 HK)(vs. provisional duty of 19.9%), 36.3% on SAIC Electric (vs. provisional duty of 37.6%) and plans duty of 23.1% on other cooperating companies and 36.3% on non-cooperating companies. (Newswires)

Brokerages/Securities Firms - China and Hong Kong are to approve 10 securities firms in the Greater Bay Wealth Connect Scheme including China CITIC Securities (6030 HK), CICC (3908 HK), Huatai Securities (6886 HK) and GF Securities (1776 HK). (Newswires)

Developers - China is said to be mulling allowing local governments to issue bonds for home purchases, according to Bloomberg sources. (Newswires)

Data Recap

• Hong Kong Consumer Price Index (Jul) 2.5% vs. Exp. 1.6% (Prev. 1.5%)

21 Aug 2024 - 02:19- EquitiesData- Source: Newswires