PRE-MARKET CHINESE STOCKS NEWS: China reportedly told companies to halt NVIDIA (NVDA) chip orders over security concerns

China Evergrande (3333 HK) - Co. announced its Hong Kong shares will be removed on August 25th after the stock exchange decision to delist the Co. (SCMP)

China Unicom (762 HK) - Co. H1 (CNU) net rose 5.1% Y/Y to 14.6bln. (Newswires)

CK Infrastructure Holdings (1038 HK) - Co. is said to drop bid for National Grid’s (NG/ LN) GBP 2bln LNG terminal, while Co. emerged as a contender for Thames Water. (Newswires/The Times)

Kweichou Moutai (600519 CH) - Co. H1 net rose 8.9% Y/Y, Co. is to invest around CNY 773.5mln in factory drainage maintenance and renovation project. (Newswires)

MMG Ltd (1208 HK) - Co. H1 (USD) profit after tax 566.3mln (prev. 79.5mln Y/Y), rev. 2.8bln (prev. 1.9bln Y/Y). (Newswires)

Tencent Music Entertainment (1698 HK) - Co. Q2 (CNY) net 2.4bln (prev. 1.7bln y/Y), rev. 8.4bln (prev. 7.2bln Y/Y). (Newswires)

WH Group (288 HK) - Co. H1 (USD) net 725mln (prev. 694mln Y/Y), rev. 13.4bln (prev. 12.3bln Y/Y). (Newswires)

Other News

China announced to provide interest subsidies for qualifying personal consumption loans in the country's latest effort to boost consumption. (Xinhua)

Chinese Foreign Ministry urged the US to take practical steps to stabilise global chip supply chains. In relevant news, China reportedly told companies to halt NVIDIA (NVDA) chip orders over security concerns. (The Information)

US Treasury Secretary Bessent said he will meet again with Chinese officials in the next two or three months and that they are solving several variables with China, while he added they will need to see months, if not a year, of progress on fentanyl flows before Chinese tariffs come down. Furthermore, he said India has been a bit recalcitrant in trade negotiations. (Newswires)

13 Aug 2025 - 02:24- EquitiesResearch Sheet- Source: Newswires