Beike (BEKE.N) shares rose 5.5% in U.S. premarket trading.

Guanghetong and Haier’s COSMOPlat held a project kick-off in Shenzhen to develop two modern production bases in Longhua and Jiangxi. During planning and construction they will implement top-level intelligent manufacturing design, coordinating production flow, automation layout, manufacturing systems and data capabilities to support R&D-production integration, flexible manufacturing and stable delivery.

China's Ministry of Finance said it will expand the pool of implementing banks for interest-subsidy schemes on small-, medium- and micro-enterprise loans and for service-sector business loans to include 21 national banks and city commercial banks, rural cooperative financial institutions, private banks and foreign banks with financial-regulatory ratings of 3A or above.