PRE-MARKET CHINESE STOCK NEWS: Chinese Trade Balance, Exports and Imports figures due today

Everbright Securities (6178 HK)
– Co. Feb. net CNY 181.4mln vs. Prev. CNY 119mln Y/Y. (Newswires)

Gemdale (535 HK)
– Co. Feb. contract sales fell 46% Y/Y to CNY 4.59bln. (Newswires)

Jinchuan Group International Resources (2362 HK)
– Co. issues positive profit alert. (Newswires)

Min Xin Holdings (222 HK)
– Co. guides FY17 net to increase 90% Y/Y. (Newswires)

MMG (1208 HK)
– Co. FY net USD 348mln vs. Prev. loss USD 99mln Y/Y. (Newswires)

Other News
– China is to further bolster financial support for the the belt & Road initiative. (Newswires)
– PBoC are to review the use of funds from sales of green bonds. (Newswires)
– PBoC Governor Zhou is to hold a press meeting on Friday during NPC. (Newswires)
– US President Trump said they have asked China to produce a plan for how to reduce its surplus with the US by USD 1bln. (Newswires/Twitter)
 

Data Recap
– China Foreign Reserves (USD)(Feb) 3.135T (Prev. 3.155T); 1st monthly decline in over 1 year. (Newswires)

(Newswires)