PRE-MARKET CHINESE STOCKS NEWS: US-China trade frictions remain in focus

Bank of Nanjing (601009 CH) - Co. lock-up period for CNY 1.1bln of shares is to end with those shares to start trading on April 23rd. (Newswires)

FAW Jiefang (000800 CH) - Co. said lock-up period for 6.06% stake in the Co. is to end with those shares to begin trading on April 21st. (Newswires)

HKBN (1310 HK) - JPMorgan (JPM) raised its long position in HKBN on April 10th to 5.48% from 3.64%

Kingsoft (3888 HK) - Co. issued a total of 31.9mln shares to bondholders from which it received conversion notices. (Newswires)

Other News

China is said to be open to talks if US President Trump shows respect and it wants Trump to rein in cabinet members and show consistency, while it wants US talks to address concerns on Taiwan and sanctions, according to Bloomberg sources. (Newswires)

China’s Foreign Ministry said if the US wishes to solve issues via dialogue, it should stop exerting maximum pressure, while it urged the US to stop threats and blackmail. (Newswires)

China said they are aware that certain goods exported to the US reach a 245% tariff, while it will ignore the US's "numbers game" and reiterated that it will fight till the end if interests are harmed. (Newswires)

Chinese Global Times’s Hu Xijin posted on X "It's highly likely that China will retaliate by cutting off rare earth supplies to the US...By the way, China is now capable of producing its own GPUs". (X)

China is said to move from the US to Canada for more oil amid trade tensions, according to Bloomberg. (Newswires)

China's envoy to Spain said they want to be the EU's trading partner, not a rival. (Newswires)

Chinese Vice Premier Lifeng vowed more support for foreign trade and said China has a very large market and huge consumption potential which provides a broad space for the import of high-quality products from other countries. (Newswires)

Intel (INTC) told its Chinese clients last week that chips would require a licence for exporting to China if the chips met certain requirements, according to FT. (FT)

US is reportedly debating barring Americans' access to DeepSeek services and is weighing penalties to block DeepSeek from US tech buys, according to NYT. (NYT)

17 Apr 2025 - 02:17- ForexGeopolitical- Source: Newswires