PRE-MARKET CHINESE STOCK NEWS: China Agri-Industries Holdings (606 HK) announced intent to sell COFCO Biofuel and COFCO Biochemical for HKD 8.6bln

China Agri-Industries Holdings (606 HK)
- Co. announces intent to sell COFCO Biofuel and COFCO Biochemical for HKD 8.6bln. (Newswires)

eprint Group (1884 HK)
- Co. issues positive profit alert in which it sees H1 net increasing 70% Y/Y. (Newswires)

Man Wah Holdings (1999 HK)
- Co. issues profit warning in which it sees H1 profit falling 10% Y/Y. (Newswires)

Poly Real Estate (600048 CH)
- Co. received approval to sell as much as CNY 5bln in asset backed securities. (Newswires)

Property
- Commercial property sales in Beijing during January-September fell 49% Y/Y to 5.65mln sqm. (CEN)

Other News
- China Finance Minister Xiao Jie expects China new VAT regime and fee cuts to reduce the burden on business by at least CNY 1tln this year. (SCMP)
- China is to increase efforts to widen market entry, according to press reports. (Newswires)
- PBoC adviser Sheng said expects M2 growth to increase to a reasonable level as financial deleveraging gradually ends. (Newswires)

Data Recap
- Hong Kong CPI (Sep) Y/Y 1.4% vs. Exp. 2.0% (Prev. 1.9%)

24 Oct 2017 - 02:01- Data- Source: Newswires

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