PRE-MARKET CHINESE STOCKS NEWS: JD.com (9618 HK) buys 70% stake in Kai Bo Food Supermarket for USD 509mln
Cathay Pacific Airways (293 HK) - Co. passengers carried in June rose 25.2% and available seat kilometres rose 26.2%, while cargo carried rose 6.3% from a year ago. (Newswires)
China Ruyi Holdings (136 HK) - Co. buys 30% stake in Kuaiqian Financial Services valued at CNY 240mln. (Newswires)
JD.com (9618 HK) - Co. buys 70% stake in Kai Bo Food Supermarket for USD 509mln. (SCMP)
Link Real Estate Investment Trust (823 HK) - Co. CEO George Kwok Lung Hongchoy is to retire by June 2026. (Newswires)
Power Construction Corporation of China (601669 CH) - Co. H1 new contracts rose 5.8% Y/Y to 686.7bln. (Newswires)
Other News
China released rules for rental housing effective September 15th, according to Xinhua. China is to encourage an increase in the supply of rental housing, as well as regulate rental activities and rental firms' operations, while China called for local governments to set up a rent monitoring mechanism. (Newswires)
More than 109mln home appliances were traded in by consumers in H1. (Newswires)
Data Recap
Hong Kong CPI YY (Jun) 1.4% vs Exp. 1.5% (Prev. 1.9%)
22 Jul 2025 - 02:09- ForexData- Source: Newswires
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