PRE-MARKET CHINESE STOCK NEWS: China’s Commerce Ministry said consensus reached with the US and is confident of reaching an agreement on trade within the 90-day period

BYD (1211 HK)
– Co. is planning battery unit IPO by end-2022. (Newswires)

Geely Auto (175 HK)
– Co. November sales rose 0.3% Y/Y to 141.7k units. (Newswires)

HNA Infrastructure (357 HK)
– Co. announces that 2.19bln of parent’s shares have been unfrozen. (Newswires)

Tencent (700 HK)
– Hanwei Guo has filed a lawsuit against Co.’s Tencent Music unit. (Newswires)

Telecoms
– 3 Chinese telecom firms are said to have won low-band spectrum license for 5G. (Newswires)

Steel
– USITC ruled imports of carbon and alloy steel pipe from China and India harm domestic producers. (Newswires)

Other News
– US could use Huawei’s CFO arrest as leverage to US-China talks according to reports which cited US administration officials, while it was also noted earlier that US investigation into China’s Huawei includes accusations of bank fraud flagged up by HSBC and Iran sanction violations. (CNN/Newswires)
– China’s Commerce Ministry said consensus reached with the US and is confident of reaching an agreement on trade within the 90-day period. Mofcom added that will begin on agriculture, energy and cars, while it also stated what has been agreed will be immediately implemented. (Newswires)

(Newswires)