PRE-MARKET CHINESE STOCK NEWS: Evergrande Real Estate (3333 HK) Feb. contracted sales CNY 48.1bln vs. Prev. CNY 31.2bln Y/Y

China Eastern Airlines (670 HK)
– Co. is to invest CNY 120bln into Beijing’s new airport. (Newswires)

China Qinfa Group (866 HK)
– Co. guides FY17 net to surpass CNY 3bln vs. Prev. loss Y/Y. (Newswires)

China Weaving Material Holding (3778 HK)
– Co. expects a substantial Y/Y increase to its FY18 net. (Newswires)

Evergrande Real Estate (3333 HK)
– Co. Feb. contracted sales CNY 48.1bln vs. Prev. CNY 31.2bln Y/Y. (Newswires)

Geely Automobile Holdings (175 HK)
– Co. Chairman said they are looking worldwide for M&A targets. (Newswires)

Sunac China Holdings (1918 HK)
– Co. guides FY17 net to increase 240% Y/Y. (Newswires)

Sun Art Retail Group (6808 HK)
– Co. guides FY18 SSS to grow Y/Y. (Newswires)

Brokerages
– China has drafted regulations related to technology use in the brokerage industry. (Newswires)

Other News
– PBoC is expected to be more flexible in 2018 and should reduce RRR to avoid risks from slower growth, according to press reports. (China Securities Journal)
– China may provide guidelines on leverage cut for central SOEs. (Newswires)

(Newswires)