PRE-MARKET CHINESE STOCKS NEWS: CATL (300750 CH), JD.com (9618 HK) and NetEase (9999 HK) are said to plan investing in DeepSeek, Hong Kong markets are closed for holiday

CATL (300750 CH) - Co., JD.com (9618 HK) and NetEase (9999 HK) are said to plan investing in DeepSeek. (The Information)

XCMG Construction Machinery (000425 CH) - China’s largest construction machinery maker, XCMG Group, aims to achieve annual overseas sales of CNY 100bln, luring more international clients by turning its excavators, cranes and specialised vehicles greener and more automated. (SCMP)

Healthcare - China Commerce Ministry said China welcomes foreign pharmaceutical enterprises, following a meeting with foreign pharmaceutical companies. (Newswires)

Mining - At least 82 people died and two are missing following a coal mine blast in northern China. (BBC)

Tech - Xiaomi (1810 HK) is betting on artificial intelligence to future-proof its sprawling hardware empire, pouring massive resources into open-source models to ensure its next generation of smartphones and EVs do not get left behind in an AI-driven market. (SCMP)

Trade - China adjusted its drug-making chemicals export list to countries and will require licences for some chemical exports to the US, Canada and Mexico, tightening exports of chemicals which can be used in drug making. (Press)

Other News

China said it will remove limits in public services for non-residents. (Press)

China CSRC and seven other departments said they will establish a routine collaborative regulatory mechanism to conduct comprehensive monitoring and inspections, while regulators will summon and interview illegal cross-border overseas institutions to enforce compliance, conduct investigations into illegal entities, launch criminal investigations against suspects, and ensure divestment of illegal operations by domestic subjects. (Newswires)