PRE-MARKET CHINESE STOCK NEWS: Chinese Industrial Production and Retail Sales due in under 1 hour

China International Marine Containers (2039 HK)
- Co. is to offload majority owned unit for CNY 633.7mln. (Newswires)

China Resources Cement (1313 HK)
- Co. guides 9-month profit to increase significantly Y/Y. (Newswires)

China Resources Power (836 HK)
- Co. August net generation of power plants rose 9% Y/Y. (Newswires)

ICBC (1398 HK)
- Chinese official says hopes Spain handles proceedings against ICBC in a fair manner. (Newswires)

MTR (66 HK)
- Co. receives new 7yr franchise to operate Australian Metro Trains Melbourne. (Newswires)

Steel
- China’s Hebei province is to limit some steel production due to pollution. (Newswires)

SOEs
- China’s SASAC and the Ministry of Science and Technology signed a cooperation agreement to promote innovation in SOEs. (Xinhua)

Protectionism
- Lattice Semiconductor (LSCC) and Canyon Bridge Capital Partners terminate meregr agreement after US President Trump blocked the Chinese-backed private equity firm from buying the US-based chipmaker. (Newswires)
- European Commission President Juncker is seeking greater powers for EU to review foreign investments which analysts see as aiming to restrict investment from Chinese companies. (SCMP)

Other News
- Hong Kong SFC is to abandon attempt to play a greater role in the IPO approval process. (Newswires)
- China is to blacklist firms that violate overseas investment rule. (Newswires)
- China State Council says will push ahead on supply-side structural reform with more efforts focusing on cutting excess production capacity, reducing corporate cost and improving environment for innovation. (CEN)
- China’s SAFE says CNY will be more flexible and that state is to relax rules on the currency. (CEN)

14 Sep 2017 - 02:10- Research Sheet- Source: Newswires

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