China Stocks-Factors to watch on Tuesday

Credit: REUTERS/Aly Song

Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets. Policy, government, sector news:

PREVIOUS TRADING SESSION MOVES:

SSEC +0.2%, CSI300 +0.0%, HSI +0.4%

HK->Shanghai Connect daily quota used 1.4%, Shanghai->HK daily quota used 2.9%

HK->Shenzhen Connect daily quota used 0.2%, Shenzhen->HK daily quota used 1.6%

CNY official close 6.9258 per dollar

FTSE China A50 +0.1%

SHANGHAI, June 18 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets.

Policy, government, sector news:

China stands by Hong Kong leader after days of street protests

China pulls WTO suit over claim to be a market economy

China urges big lenders not to shun small non-banks after Baoshang's woes - sources

China, U.S. pushed trade barriers to record high in 2018 - EU

U.S. firms say China tariffs will raise costs, see few sourcing alternatives

China must open up, create level playing field -German economy minister

U.S. military firms likely to face China rare earth restrictions - Global Times

China kicks off Shanghai-London Stock Connect with initial quota

Data:

China holdings of U.S. Treasuries in April skid to nearly 2-year low

China's local governments issued $22.8 bln of special bonds in May

Company moves:

In focus

Huawei says U.S. ban hurting more than expected, to wipe $30 bln off revenue

Alibaba proposes one-to-eight stock split ahead of up to $20 bln HK listing

China's Huatai lifts off in long-awaited London-Shanghai share link

Earnings/Performance

China State Construction Engineering's 601668.SS Jan-May contracts up 6.3% y/y at 1.0 trln yuan

Power Construction Corp of China's 601669.SS contracts up 9.6% y/y in Jan-May

Equity changes/IPOs

Ganfeng Lithium's 002460.SZ1772.HK shareholder plans to reduce up to 3 million A-shares within 6 months

Guanghui Energy 600256.SS plans to issue a-share convertible bonds worth up to 3.3 bln yuan

M&A

Tianfeng Securities 601162.SS signs agreement to buy stake in Hengtai Securities for up to 4.5 bln yuan

Hengtong Optic-Electric 600487.SS to acquire stake in Huawei Marine Networks

Other moves (spin-offs, divestitures, deals)

Hua Xia Bank 600015.SS gets regulatory approval to issue capital bonds worth up to 40 bln yuan

Red Star Macalline 601828.SS1528.HK plans asset-backed securities worth up to 1.45 bln yuan

(Compiled by Luoyan Liu)

((luoyan.liu@thomsonreuters.com; Reuters Messaging: luoyan.liu.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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