PRE-MARKET CHINESE STOCKS NEWS: US and China reached a framework agreement on TikTok

Air China (753 HK) - Co. August passengers carried fell 0.2% Y/Y, while mail and cargo carried rose 6.9% Y/Y. (Newswires)

China Eastern Airlines (600115 CH) - Co. August passengers trips carried rose 4.3% Y/Y, while mail and cargo carried rose 13.4% Y/Y. (Newswires)

China Merchants Shekou Industrial Zone Holdings (001979 CH) - Co. Chairman Jiang Tiefeng resigned due to a change in job role and the board elected Zhu Wenkai as the new Chairman. (Newswires)

China Southern Airlines (600029 CH) - Co. August passengers carried rose 4.9% Y/Y, while mail and cargo carried rose 9.5% Y/Y. (Newswires)

GCL Technology (3800 HK) - Co. is to issue 4.74bln subscription shares at HKD 1.15/shr. (Newswires)

Other News

Chinese President Xi is to promote "orderly exit" of outdated capacities, and is to regulate government procurement, while China is to rein in "chaos" in local practices of attracting investment and to smooth out turning exports into domestic sales. (Newswires)

China’s market regulator is to continue antitrust investigation into NVIDIA (NVDA), while China said the preliminary probe found that NVIDIA violated the anti-monopoly law, according to Bloomberg. (Newswires)

US President Trump posted that the meeting between US and China in Europe "has gone VERY WELL!", while he will be speaking to Chinese President Xi on Friday and said a deal was reached on a 'certain' company. (Truth Social)

US Treasury Secretary Bessent said they have a framework on TikTok with China and said there will be another round of talks in the coming weeks probably, as well as noted that anti-money laundering is different to the fentanyl issue. Bessent said the next round of US-China talks could result in another 90-day rollover on a tariff truce, and will likely happen before the November 10th deadline. (Newswires)

US Treasury Secretary Bessent said the threat of a TikTok shutdown brought Chinese negotiators to the framework deal and that China initially demanded compensation via tariff and export concessions, while Bessent added the TikTok deal will preserve US national security. Bessent also said the Chinese NVIDIA (NVDA) investigation announcement was poor timing, while he added that tariffs on Chinese imports of Russian oil were mentioned, but not the centrepiece of talks. (Newswires)

USTR Greer said "we have great and deep respect for each other" and came to an agreement on the challenging and prickly issue of TikTok. Greer added that without US President Trump’s leadership, they would not have been able to reach a deal and they are open to considering further action on a tariff pause if talks are positive. (Newswires)

China’s top trade negotiator Li Chenggang said the US and China had in-depth, candid and constructive talks on issues of common concern, including TikTok, and both sides acknowledged that stable trade ties are significant. Li added that it is important to find solutions through dialogue and consultation, while the two sides will keep close communication and engage in consultation over details of the outcome documents. (Newswires)

China's top trade negotiator Li Chenggang said they noticed the US continued sanctions on Chinese entities following a series of talks, when asked about US sanctions, while he stated the US generalises national security, and called it typical "unilateral bullying". Li added China firmly opposes this and raised serious concerns with the US side. Li also said US-China trade talk outcomes are hard-earned and the US should not continue to suppress Chinese companies, as well as urged the US side to correct its wrongful actions and urged for the cancellation of restrictive measures. Furthermore, Li said the US expressed willingness to work with China in reducing investment barriers, and he expects to see more outcomes in trade and economic areas, but added that they will wait and see. (Newswires)

China's cyberspace regulator official said talks on TikTok were candid and in depth, and that both sides reached a basic consensus on TikTok, while China is to review and approve tech exports related to TikTok in accordance with law, and the two sides will jointly guide companies to have a good follow-up. Furthermore, the official said China supports firms' business operations overseas and hopes the US will provide an open, fair, just and non-discriminatory environment for Chinese firms, including TikTok. (Newswires)

Chinese Commerce Ministry firmly opposes US secondary tariffs over Russian oil purchases and said they will take measures to safeguard legitimate rights and interests. (Newswires)

US investors eyeing a deal to buy TikTok US said the guidance from the White House is that the Chinese will agree to allow the new owners to rewrite the all-important algorithm that the Chinese did not want to relinquish as part of any deal, according to FBN. (FBN)

Potential meetings between US President Trump and Chinese President Xi would have been off the table if Madrid talks on TikTok had failed to produce an agreement, according to Reuters citing sources. (Newswires)

16 Sep 2025 - 02:11- ForexGeopolitical- Source: Newswires