Oct 27 Asian Wrap Market cautious with earnings and US/China relations and the slowing Chinese economy.

27 Oct

This and previous notes can be found at  Substack ( Asian Market Sense )
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HSI -410pts (-1.6%) 25,629 HSCEI -165pts (-1.8%) 9,034 T/O HK$120.68bn (+5.9% DoD)  

HK/CHINA Connect Flows
Northbound Rmb 48,756m Sell 23,955m vs 24,801m Buy
Southbound HK$ 14,403m Sell 7,670m vs 6,732m Buy
Northbound Rmb 65,722m Sell 34,806m vs 30,917m Buy
Southbound HK$ 13,081m Sell 7,181m vs 5,900m Buy

Markets opened flat and drifting lower.  Focus on the UK budget due later and earnings with Schneider Electric, Deutsche Bank (profits fell but beat F/casts), Heineken and Banco Santander amongst others reporting.  Mining stocks weak after weak Industrial Profits data out of China.
Loans to Households Sept 4.1% YoY vs 4.2% Aug (F/cast was 4.3%)
Loans to Companies Sept 2.1% YoY vs 1.5% Aug (F/cast was 1.2%)
M3 Money Supply Sept 7.4% YoY vs 7.9% Aug (F/cast was 7.8%)
Gfk Consumer Confidence Nov 0.9 vs 0.4 Oct revised (F/cast was -1)
Import Prices Sept 17.7% YoY vs 16.5% Aug (F/cast was 17.5%)
Import Prices Sept 1.3% vs 1.4% Aug (F/cast was 1.2%)
Consumer Confidence Oct 99 vs 101 Sept (revised) (F/cast was 101)
PPI Sept 1.7% MoM vs 1% Aug (F/cast was 0.6%)
PPI Sept 11.6% vs 10% Aug (F/cast was 10.3%)
Unemployment Benefit claims and Jobseekers to come
US  Futures  Indicate a flat open
Ahead MBA Mortage data, Durable Goods Orders, Goods Trade Balance, Wholesale Inventories, EIA Oil report.
Earnings: Coca-Cola, McDonald’s, Boeing, General Motors, Ford, Bristol-Myers Squibb, Kraft Heinz, Norfolk Southern, Glaxo SmithKline, General Dynamics, Brink’s, Automatic Data, CME Group, International Paper, Penske Auto Group, eBay, Cognizant, Extra Space Storage, KLA Corp, Aflac, Harley-Davidson, Flex, Suncor, BioMarin, Community Health Systems, iRobot

CHINA CSI 300 closed -65pts (-1.3%) @ 4,898
CSI 300 opened lower and trended lower; finding support at 4,900 in the AM but dipped below that the PM. PBoC continues to inject liqidity into the system. But sentiment hurt by the US revoking China Telecom’s licences in the US and China rebuking the US for suggesting that Taiwan be represented at the UN. Covid concerns still overhang the market along with energy and property concerns.
Industrial profits dropped but beat forecasts. Concerns over US/Sino relations after the FCC banned China Telecom. Building materials weak along with Coal names as NDRC to crack down on coal hoarding but +VE for the power producers.

Shanghai Comp -35pts (-1%) @ 3,562 T/O US$67,354m (+0.6% DoD)
Shenzhen Comp -159pts (-1.1%) @ 14,394 T/O US$94,708m (-1% DoD)
ChiNext Comp -31pts (-0.9%) @ 3,494

China's National Health Commission reported 59 confirmed cases of COVID-19 yesterday (26th), 
with nine of them being imported cases and 50 being local infections (32 recorded in Inner Mongolia).
Industrial Profits (YTD) Sept  +44.7% YoY vs 49.5% Aug  (F/cast was 40%)

Pre market opened @ 25,795 -243pts vs -111pts ADR’s with weakness in Ecommerce. HSBC +0.1% having repurchased GBP10m worth of shares. Market eased back to 25,600 level and traded sideways around that level for the rest of the day. Turnover remains light as investors are cautious as earnings season continues. Ecommerce remains weak. Education also weak after Yuhau Ed (6169 HK -20%) after a top up placement. Catering & Travel weak as covid cases in China rise.
Leaders IPP’s, Gas, Solar, Utilities
Laggards Coal, Telcos, Tech, Steel, Bio Tech, Healthcare.

HK Earnings due 28 Oct include  Sichuan Exp (107), Tsingtao Brewery (168), BYD Electronic (285), Jiangxi Copper (358),  Sinopec (386), Guangshen Rail (525), Nanjing Panda (553), Shangdong Molong Pet (568), Beijing North Star (588), Petrochina (857), Anhui Conch (914), Hisense Home Applicances (921), Datang Int (991), Anhui Exp (995), China Citic Bank (998), Guangdong Tannery (1058),  Zoomlion (1157), BYD (1211),  Agri Bank of China (1288), HKBN  (1310), New China Life (1336), Peoples Insurance (1339), Postal Savings Bank of China (1658), GF Securities (1776), BAIC Motor (1958), BBMG (2009), China Vanke (2202), Yantai North Andre Juice (2218), PICC Property & Casualty (2328), China Life Ins (2628), China Oilfield Services (2883), Qinhuangdao Port (3369), Fuyao Glass (3606), Chongqing Rural Bank (3618), CICC (3908), CanSion Bio (6185), Haitong Sec (6837).

Earnings at lunchtime
HKEX (00388.HK) announced that, for the first three quarters ended 30 September 2021, 
the net profit hiked 14.9% YoY to $9.861 billion, logging a new high in nine months.  EPS  was $7.79. No quarterly dividend was declared for 3Q.  The ADT traded on the Stock Exchange reached $180.3 billion, up 43% YoY. Among which, the ADT of equity products amounted to $159.6 billion, up 49% YoY. Both figures logged all-time highs.
The result for 3Q ended 30 September 2021. The net profit slumped 2.9% YoY to $3.251 billion, ahead of the median of the forecasts by seven brokers as complied by our reporters at $3.19 billion. EPS was $2.57.

Hong Kong reported 5 imported covid cases.

SHORT SELLING HSI Wednesday 19.4% vs 20.2% Tuesday
Top shorts 
Country Garden (2007) 46%, Hang Seng Bank (11) 39%, Wharf REIC (1997) 39%, BoC HK (2388) 33%,  HKEX (388) 32%, Longfor (960) 30%, CM Bank (3968) 30%, Haidilao (6862) 30%, AAC Tech (2018) 29%, Ping An (2318) 29%, Hengan (1044) 29%, Henderson Land (12) 29%,
Baba (9988) 28%, Li Ning (2331) 28%, China Overseas (688) 27%, Hang Lung Ppty (101) 26%, New World Dev (17) 25%, Ali Health (241) 25%

CHINA POWER (02380.HK) announced that the combined total electricity sold by the Group for the nine months ended 30 September 2021 
amounted to 75,747,452MWh, representing an increase of 17.33% compared to the same period last year.

HKEX (00388.HK) CEO Nicolas Aguzin pointed out the rather sturdy Hong Kong  IPO conditions than a quarter ago. With 73 IPOs year-to-date, the fundraising size has reached $285.9 billion, with nearly 90% stemming from new economy and biotech stocks.  The Stock Exchange has welcomed the dual primary listing of two  Weighted Voting Rights (WVR) companies during the period, he added.  He also commented his concern about the reversal of quarantine examptions.

SINOTRANS (00598.HK) announced the result for the first three quarters ended 30 September 2021. 
The net profit prepared in accordance with China Accounting Standards amounted to RMB3.079 billion, up 47.9% yearly.  EPS was RMB0.4161.

PING AN (02318.HK)  announced the results for the first three quarters. 
Net profit decreased 20.8% year on year to RMB81.638 billion, with EPS of RMB4.63.  Operating profit rose 9.2% year on year to RMB118.737 billion, which is equivalent to a 20.3% annualized operating ROE.

HAITONG INT'L (00665.HK) announced the result for the first three quarters ended 30 September 2021. 
The net profit amounted to HK$1.15 billion, down 4.2% yearly.  EPS  was HK19.53 cents. No dividend was declared.China to cap key coal price to help ease energy prices -VE for miners.

National Development and Reform Commission (NDRC), State Administration of Foreign Exchange (SAFE), and other Chinese regulators 
are urging property companies to repay debt on time, Bloomberg citing sources. The watchdog also plans to facilitate foreign debt repayment within a permissible scope of policy to avert more events of default.

To extend the offline-to-online convergence strategy of the new retail model, HK TECH VENTURE (01137.HK) announced that its 24-hour online shopping mall “HKTVmall” further strengthens the service of O2O shops with the grand opening of the first HKTVmall Supermarket in Tseung Kwan O District.  
The HKTVmall Supermarket is by far the largest HKTVmall O2O shop with an area of over 4,400 sq. ft., providing over 3,000 product choices to customers, the announcement added.The detached house at Black's Link, The Peak, which was once lived by EVERGRANDE (03333.HK)  Chairman Hui Ka Yan and his wife, was in this month pledged to CCB (Asia) for $300 million loan potentially, HK01 reported.  Through Giant Hill Limited, Hui Ka Yan held the luxury property at Block C, No.10 Black's Link with $800 million market cap, and acted as the controlling shareholder of Giant Hill. Earlier on, the director name of Giant Hill was changed to Tan Haijun, the "housekeeper" of Hui.

The Centa-Salesman Index (CSI) for commercial shop selling price last posted at 57.14, up 0.55 pts weekly. 
The CSI for shop rent rose 3.46 pts weekly to 59.06. The indices were nearing 60 amid a two-week uptick, putting an end to their stroll around 55 three weeks before. The shop selling price and rent will stay firmly at peak should the indices zoom past 60 with signs of rally.

Regional Markets
Market opened flat rallied to test 7,475 a few times in the morning before reversing and tested support at 7,420 before recovering to flat and trading around there, to close +5pts (+0.1%) @ 7,449.
Inflation concerns raised as the data showed a higher than expected rate. Energy and Miners +VE Woolworths -3.2% warned about rising prices and a return to more normal shopping habits; Coles -1%. Telstra +3.2% on upgrades after Digicel purchase.
Inflation Rate Q3 +3% YoY vs 3.8% Q2 (consensus was 2.8%)
Inflation Rate Q3 +0.8% QoQ vs 0.8% Q2 (consensus was 0.8%)
Nikkei opened lower and after an initial spike trended lower to 28,870 before a small bounce into lunch. PM continued to work higher and closed -8pts (unch) @ 29,098.
Topix traded in a similar pattern to close -5pts (-0.2%) @ 2.014.
Caution ahead of earnings with a big day for resutls tomorrow.
Leaders Food, Auto, Insurers and Chemicals
Laggards Shippers, Airlines, Non Ferros Metals, Electric Appliances
S Korea 
Foreigners and Local Institutions net sellers focused on large caps selling Chem and Tech but buying Shipbuilders and Pharma.
Kospi opened lower and trended lower to 3,019 around 1pm before rebounding to close -24pts (-0.8%) @ 3,026.
Kosdaq traded in a similar pattern to close -3pts (-0.3%) @ 1009.
Taiex opened flat but drifted lower in the morning to 16,975 before rebounding close +40pts (+0.2%) @ 17,075 Investors staying on the sidelines during earnings season. TSMC closed flat, UMC +3.5%, Nanya +3.9% but MediaTek -0.4%. Optoelectronics seeing interest along with PC Board makers. Weakness in Shippers and old economy names
Consumer Confidence Oct 74.26 vs 74.39 Sept
T/O Wednesday US$10.07bn vs US$10.94bn Tuesday
CECC reported 8 new cases (all imported).
TSMC's founder Morris Chang expressed that he is unable to tell the end of semiconductor shortage at the moment, but believes that the issue will be eventually be resolved, reported Taiwanese media. Chang reaffirmed that TSMC's role in the global semiconductor market would become increasingly significant and remarked that Taiwanese semiconductors remain highly competitive on a global scale, while the operation will have to be kept within Taiwan.
President Tsai Ing-wen on Tuesday thanked United States Secretary of State Antony Blinken for supporting its inclusion in the UN system. It also pushed Interpol for inclusion following the arrest in the Philippines of a suspected drugs trafficker.
WTO to consider China’s decision in September to suspend imports of wax apples and custard apples from Taiwan.

Active Heavyweights
MEITUAN (03690.HK)  -14.200 (-5.018%)    Short selling $561.40M; Ratio 17.269%   closed at $268.6, down 5.1%
TENCENT (00700.HK) -15.200 (-3.028%) Short selling $1.27B; Ratio 23.884% closed at $487, down 3%
BABA (09988.HK) -5.100 (-3.009%) Short selling $732.81M; Ratio 34.114% closed at $164.5, down 2.9%
AIA (01299.HK) -1.450 (-1.607%) Short selling $75.36M; Ratio 11.196% closed at $88.8, down 1.6%
HKEX (00388.HK) -7.400 (-1.536%) Short selling $256.42M; Ratio 38.296% closed at $474.8, down 1.5%
PING AN (02318.HK) -0.850 (-1.401%) Short selling $142.95M; Ratio 28.767% closed at $59.8, down 1.4%
CCB (00939.HK)  -0.040 (-0.742%)    Short selling $89.31M; Ratio 14.455%   closed at $5.35, down 0.7%

HSI & HSCEI Constituents on Move:
HAIDILAO (06862.HK)  -1.900 (-7.525%)    Short selling $86.47M; Ratio 21.878%    closed at $23.35, down 7.5%
ALI HEALTH (00241.HK) -0.660 (-6.011%) Short selling $73.92M; Ratio 27.769% closed at $10.32, down 6%
JD (09618.HK) -13.000 (-3.993%) Short selling $133.35M; Ratio 33.243% closed at $312.6, down 4%
BIDU-SW (09888.HK) -6.600 (-3.892%) Short selling $45.65M; Ratio 23.684% closed at $163.1, down 3.8%
CHINA FEIHE (06186.HK) -0.500 (-3.799%) Short selling $7.71M; Ratio 6.694% closed at $12.68, down 3.6%
SMIC (00981.HK) -0.750 (-3.275%) Short selling $21.06M; Ratio 6.706% closed at $22.2, down 3.1%

HSMI & HSSI Constituents on Move:

SKYWORTH (00751.HK) +1.430 (+59.583%) Short selling $2.42M; Ratio 3.272% closed at $3.82, up 59.2%, hitting new high
YUHUA EDU (06169.HK) -0.940 (-19.748%) Short selling $20.75M; Ratio 1.675% closed at $3.82, down 19.7%
GOLDWIND (02208.HK) +1.820 (+11.682%) Short selling $4.15M; Ratio 1.367% closed at $17.44, up 11.9%
TOWNGAS CHINA (01083.HK) +0.600 (+12.121%) Short selling $2.96M; Ratio 2.908% closed at $5.54, up 11.9%

Market News DBS Bank (Hong Kong) and HENDERSON LAND (00012.HK) recently signed an agreement on a three-year green term/ revolving loan,
involving HKD1 billion, through which DBS will provide financing support to eight qualified green development projects of HENDERSON LAND, so as to foster the development of sustainable green finance in Hong Kong.

Some investors find TikTok cheap and are buying private shares of the TikTok parent, ByteDance, from existing shareholders, The Information citing sources.  
A Middle Eastern billionaire's family office has recently struck a deal in the secondary market that valued ByteDance shares at roughly US$320 billion. Equally, a hedge fund purchased a stake which valued the Chinese company at US$350 billion. These figures were 12.5-20% below the US$400-billion valuation ByteDance had received as part of private deals between investors before China escalated its tech sector crackdown in July.

Hong Kong government is planning to scrap the existing quarantine exemption arrangement for certain targeted groups, as an attempt to reduce the amount of imported cases, 
expressed John Lee, Hong Kong's Chief Secretary for Administration. The government contended that such arrangement could help the authority to handle the associated risks of the Delta variant more effectively, while also actively facilitate the potential border reopening between China and Hong Kong. Lee added that various bureaus have been instructed to review and identify relevant targeted groups whose quarantine exemption privilege will be removed and that the government will make an announcement on relevant details soon.   Also, the Hong Kong government is striving for a second expert meeting with China, with the aim to achieve an understanding on the travel resumption between the two places, Lee remarked.
Chinese e-commerce operators have not disclosed their GMVs as frequently as before in recent years. BABA-SW (09988.HK) Chief Marketing Officer Chris Tung underscored that instead of GMV, they pay more attention to the value entailed from the "Double 11" Shopping Festival, as they have shifted their focus towards sustainable development. That said, Tung looked forward to this year's performance, furthering the Shopping Festival provides a stage to the group to showcase its latest technological achievement each year. "Double 11" Shopping Festival this year will be the largest promotion activity on history, with more than 290,000 brands selling about 14 million goods, Tung added, who forecast the event to lure 900 million users to shop.

SANDS CHINA LTD (01928.HK) President Wilfred Wong revealed that Macau had recovered a huge visitor arrival last weekend after the easing of Zhuhai border measures, finding it pretty good, 
reported Radio Macau. He believed the visitation to Macau will keep burgeoning as the pandemic comes under control in the city and Mainland China, being hopeful about Christmas, New Year and Lunar New Year.   On another note, SANDS CHINA LTD is drafting a report in response to Macau Government's gaming law revision and will submit it by the end of public consultation this Friday (29th), claimed Wong.

Trading in the shares of HI SUN TECH (00818.HK) has been halted with effect from 1:00 p.m. 
pending the issue of an inside information announcement that relates to recent media report(s) relating to the Company’s associate, PAX GLOBAL (00327.HK)   Shares of HI SUN TECH slumped 18.6% to $1.05 before trading halt.

Qin Gang, the Chinese ambassador to the U.S., expressed yesterday (26th) when delivering a speech that business cooperation has always been the ballast and driver of China-U.S. relationship, and that as the link between the two nations is facing certain adjustments at the moment, China hopes economic cooperation could smoothen and stabilize the relationship.  Qin added that China remains open and welcoming to U.S. investment in China and will continue to open up its market by forging a market-driven, institutionalized and international business environment. At the same time, China also hopes that the U.S. would remove the barriers and obstacles and facilitate business cooperation between the two nations.

Overnight HIBOR last posted at 0.03625%, according to HKAB. Meanwhile, the 1-Month HIBOR related to mortgage rate last stood at 0.06714%, marking a 1-month high.

The trading in the shares of PAX GLOBAL (00327.HK) has been halted from 10:56 am today (27th).  The stock last posted $5.4 before the trading halt, down 43.3%, on a volume of 25.93 million shares.  It was later reported that The U.S. Federal Bureau of Investigation (FBI), on 26th October in U.S. time, raided the offices of PAX GLOBAL      located in the state of Florida, reported Krebs on Security. The raid  is related to previous reports suggesting that the systems of PAX GLOBAL  were involved in cyber attacks against organizations of the U.S. and  the European Union, the report added.

The government will scrap the quarantine exemption arrangement for a majority of groups. At an RTHK program, Hong Kong Economic & Trade Association President Eddy Li said this is worth the effort should it lead to a border reboot with Mainland China, which is the most popular investment location among Hong Kong merchants.

Hurun China Rich List 2021 was released. NONGFU SPRING (09633.HK) Chairman Zhong Shanshan ruled the score board with wealth of RMB390 billion. Douyin Founder Zhang Yiming came in second with wealth of RMB340 billion; followed by CATL Founder Zeng Yuqun, who possessed RMB320 billion.
TENCENT (00700.HK) Pony Ma Huateng and BABA-SW (09988.HK) Jack Ma were ranked the 4th and 5th with RMB317 billion and RMB255 billion. For the first time this year, no entrepreneur in the real estate industry entered the top ten. EVERGRANDE (03333.HK) Hui Ka Yan even had his rankings dropped the most on the list. His worth shrank by RMB162 billion to RMB73 billion from last year, with ranking sliding to 70th from 5th.

Rating and Valuation Department (RVD) announced that Hong Kong's Private Domestic Price Index in September drifted 0.4% lower MoM to 396.3, marking a two-month fall. YTD, the index amassed 4.3% gains.

BABA-SW (09988.HK) Founder Jack Ma visited several agricultural research institutes in Netherlands on Monday (25th) for a study tour of agriculture-related technology, South China Morning Post cited sources.  Setting off his European trip in a personal capacity, Ma purportedly visited training companies and research institutions in fields of agricultural infrastructure, plant cultivation and related professions in the continent.

Fitch Ratings downgraded MODERN LAND (01107.HK)’s long-term foreign-currency and local-currency issuer default ratings to "Restricted Default" from "C" for failing to repay the US$250-million senior notes due 25 October 2021.  Separately, Moody's lowered MODERN LAND's long-term corporate family rating from "Caa2" to "Ca", and the senior unsecured rating on bonds issued by MODERN LAND from "Caa3" to "C", with Negative outlook. The downgrade reflected Moody's expectation of weak recovery prospect for the company's bondholders, said Celine Yang, Vice President and Senior Analyst, Moody's.  MODERN LAND's share trading has been halted from last Thursday (21 October).

Pre Market News
The Cyberspace Administration of China (CAC) issued the Provisions on the Administration of Account Names of Internet Users (Draft for Comment), 
asking internet users to give authentic occupation and identity information when deciding their screen names during account registration and use.   During registration, minors should obtain guardians' consent and provide their resident ID numbers for real-name verification.
Chief Executive Carrie Lam, delivering a video speech at the director inauguration of Hong Kong Securities Association (HKSA), s
aid Hong Kong will not only continue to deepen the mutual market access with China in the next decade, but will also scout development opportunities in the GBA. She hoped that regional cooperation can become a new model for the securities industry to explore China's market.
BIDU-SW (09888.HK)(BIDU.US) announced that, along with GAC Aion, on 26 October, it has launched the "Aion Version of Apollo Moon mass produced autonomous vehicle", which was developed based on the foundation of Apollo Moon technology.  The Aion version of Apollo Moon is an innovation that combined the competitive edge of BIDU-SW in technological R&D of the autonomous driving software and hardware and GAC Aion's sector-leading vehicle design and manufacturing capability, the announcement added.
Hong Kong Chief Executive Carrie Lam expressed yesterday (26th) that the government will cancel the arrangement of quarantine exemption for targeted groups returning to Hong Kong, 
with the aim to strive for a border reboot between China and Hong Kong as soon as possible. Market sources suggested that the Hong Kong government may first tighten such arrangement on senior executives of insurance, finance and listed companies.
ASM PACIFIC (00522.HK) announced the first three quarters' results ended September 2021. 
The revenue rose 51.5% year on year to HK$15.747 billion. The net profit amounted to HK$2.256 billion, up 263.2%. EPS  was HK$5.49.
The U.S. Federal Communications Commission (FCC) revoked the authorization for CHINA TELECOM (00728.HK)'s U.S. subsidiary to operate in the U.S. for national security concerns.  
CHINA TELECOM is controlled by the Chinese government, and thus is very likely to be forced to comply with the national requirements, FCC said. The telecom must stop U.S. services within 60 days.
The U.S. President Joe Biden will have a one-on-one virtual conference with the Chinese President Xi Jinping by the end of this year, said Jake Sullivan, the U.S. National Security Advisor.  While the exact date of the meeting remains undecided, the leaders of the two nations will be able to converse as close to face-to-face as it is allowed under technical considerations, Sullivan added.
Macau hotel industry insiders expressed that most of the inbound visitors at the moment were same-day visitors, and that the occupancy rate of the hotels remained weak at 40-50%, reported Macao Daily News. The sector stayed broadly cautious on the apprehension that the new wave of COVID-19 outbreak in China may hamper Macau's recovery.
Macau Hoteliers and Innkeepers Association forecast that, with Macau's pandemic situation subsiding and the validity period of NAT for Zhuhai-Macau travel potentially returning to seven days, the hotels' occupancy rate could hopefully be lifted back to 70-80%, combined with the upcoming Macau Grand Prix and Food Festival in November.
Chinese authorities asked EVERGRANDE (03333.HK) Chairman Hui Ka Yan to pay debt with his personal wealth on the developer's failure to make a USD bond coupon payment on 23 September, 
in order to alleviate the Group's debt crisis, Bloomberg citing sources.
Equally, local governments are watching Evergrande's bank accounts to ensure its funds are being used to complete home projects instead of being diverted to pay creditors.
The Shanghai Branch of the State Administration of Foreign Exchange (SAFE) convened a meeting on Monday (25th) to review the maturity situation of the offshore bonds of Chinese developers, reported Yicai, citing sources.  
During the meeting, the developers were asked to submit reports on the maturity situation of their offshore bonds for this year by today (27th) and to submit by Friday (29th) the relevant arrangement on settling the offshore bonds due by the end of this year, including details on maturing principal and interests, etc..
HSBC HOLDINGS (00005.HK) announced that, it has repurchased 2.612 million shares of the company in London yesterday (26th), 
at a price ranging between GBP4.4155-4.479, involving GBP11.6397 million (about HKD124.7 million). The volume weighted average price paid per share was GBP4.4562.
After announcing its self-rescue policies on 22 October, 40 of EVERGRANDE (03333.HK)'s existing projects under construction in the Pearl River Delta region (PRD) 
have resumed operation, with 32 of them expected to be ready for delivery within the contracted period (by 31 December), reported Southern Metropolis Daily.
GANFENGLITHIUM (01772.HK) announced that for the first three quarters ended 30 September 2021, 
the company's operating revenue amounted to RMB7.054 billion, up 81.2% YoY. Net profit soared 648.2% to RMB2.473 billion.  EPS  was RMB1.77.
MAANSHAN IRON (00323.HK) announced that, for the first three quarters ended 30 September 2021, 
the operating revenue of the company amounted to RMB85.816 billion, up 47.4% YoY. Net profit leaped 319.1% to RMB6.527 billion.  EPS was RMB84.76 fen.
IDREAMSKY (01119.HK) announced that TENCENT (00700.HK)'s Tencent Computer entered into the Cooperation Agreement for QTX Designer Toy Exhibition under the IP Cooperation Framework Agreement for 2021, based on which the two parties will jointly hold the QTX designer toy exhibition, including the designer toy exhibition, artists forum, handicraft workshop, artists’ live creation, live shows, white model exhibition and other events.
COLOUR LIFE (01778.HK)  and FANTASIA (01777.HK) jointly announced that, as the former failed to repay a loan of RMB700 million, the lender CG SERVICES (06098.HK) has enforced its right under the Loan Agreement and requested COLOUR LIFE to unconditionally transfer the entire issued share capital of Link Joy Holdings Group.  
Trading in the shares of FANTASIA on the Stock Exchange has been halted from 29 September 2021 and will continue and remain halted until the publication of a further inside information announcement. COLOUR LIFE, on the other hand, made an application to the Stock Exchange for the resumption of trading in the shares of the company from Wednesday (27th).
CHALCO (02600.HK) announced that, for the first three quarters ended 30 September 2021, 
the operating revenue of the company amounted to RMB194.929 billion, up 46.4% YoY. Net profit rocketed 1,036% to RMB5.307 billion. EPS was RMB30.3 fen.
HUANENG POWER (00902.HK) announced that in accordance with the China Accounting Standards, net profit receded 91.4% YoY
to RMB783 million for the first three quarters ended 30 September 2021.
GOLDWIND (02208.HK)  announced that in accordance with the China Accounting Standards, net profit grew 45.6% YoY to RMB3.013 billion 
for the first three quarters ended 30 September 2021.
EPS equaled 68.88 fen.
SIHUAN PHARM (00460.HK) announced that, on the previous trading day (26th), it has repurchased on the market a total of 13.179 million shares of the company, at an average price of $1.7198 per share, involving approximately a total of $22.665 million.
ICBC (01398.HK) announced that the bank will redeem all of the previously issued EUR600 million Offshore Preference Shares on 10 December 2021. The bank has received a reply letter from the China Banking and Insurance Regulatory Commission (CBIRC) recently, pursuant to which, no objections were raised by the CBIRC to the proposed redemption.
MINSHENG BANK (01988.HK) announced that the proposed redemption of all offshore preference shares on 14 December at US$1.51 billion, including 100% of the aggregate nominal value of the preference shares outstanding  (i.e. US$1.439 billion) plus the dividend (US$71.23 million).
HUADIAN POWER (01071.HK)  announced that in accordance with the China Accounting Standards, net profit declined 57.5% YoY to RMB1.623 billion for the first three quarters ended 30 September 2021.
EPS equaled 8.4 fen.

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