PRE-MARKET CHINESE STOCK NEWS: Li & Fung (494 HK) is to offload its furniture, beauty and sweaters units for USD 1.1bln

Dalian Wanda Commercial Properties (3688 HK)
- Dalian Wanda Group dismissed allegations made by a Chinese blogger that the Co. is suffering cash flow difficulties or that its assets have shrunk significantly. (SCMP)

Li & Fung (494 HK)
- Co. to offload its furniture, beauty and sweaters units for USD 1.1bln and proposed a special dividend. (Newswires)

Financials
- China Big 4 Banks’ New Yuan Loans were at CNY 176.6bln during November. (Newswires)

Other News
- Hong Kong may seek to limit the voting power of dual-class shares. (Newswires)
- Chinese President Xi Jinping is anticipated to use the annual Central Economic Work Conference which begins on Monday to stress the need to curb financial risks and will lay out key economic policies for 2018 at the 3-day event. (Nikkei)

Data Recap
- Hong Kong Industrial Production (Q3) Y/Y 0.3% (Prev. 0.4%)
- Hong Kong PPI (Q3) Y/Y 3.7% (Prev. 3.7%)

15 Dec 2017 - 01:03- Research Sheet- Source: Newswires

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