PRE-MARKET CHINESE STOCK NEWS: China begins its 19th CPC National Congress

China State Construction Engineering (601668 CH)
- Co. September YTD new contract value rose by 25% Y/Y to CNY 1.6tln. (Newswires)

Future Land (1030 HK)
- Co. shareholders rejected bid to take Co. private. (SCMP)

Greenland Holdings (600606 CH)
- Co. Q3 contracted sales rose 12.2% Y/Y to CNY 70.2bln. (Newswires)

Shanghai Datun Energy Resources (600508 CH)
- Co. guides 9-month net to increase between 90%-120% Y/Y. (Newswires)

Tencent (700 HK)
- Co. Chairman’s Global Foundation Advance Data offloaded HKD 2.1bln of Co. shares. (Newswires)
- JD.com joined forces with its major shareholder Tencent and Walmart as they prepare for Singles Day and aim to battle against Alibaba. (Nikkei)  

Property
- Centaline said Hong Kong 2017 home sales may hit a fresh record of HKD 186.9bln. (Newswires)

Other News
- China is reportedly mulling further measures to attract foreign investment. (Newswires)

19th National Congress
- Over 2,200 delegates have gathered in Beijing for the 19th Communist Party of China National Congress which begins today where President Xi Jinping is seen to further cement his power and may even possibly pave the way to extend to extend his control over the 2-term limit. The CPC will also select its Central Committee of over 200 members that will appoint a 25-member politburo, which will then announce the Standing Committee, while the congress will kick off with President Xi delivering an address that could set the trajectory for policy over the next 5 years. (Newswires)

18 Oct 2017 - 01:59- EnergyBank Speaker- Source: Newswires

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