China Resources Pharmaceutical Group (03320) said its non‑wholly owned subsidiary, Yunnan Kunyao Group Co., Ltd., has received a registration acceptance notice from the National Association of Financial Market Institutional Investors for a planned issuance of medium‑term notes in China.

The notice is valid for two years from the issue date, and Kunyao Group may issue medium‑term notes in tranches with a total principal amount of RMB 1 billion during that period, according to ETNet.

China New Energy (01156) has appointed Xu Wei as acting chief executive officer, with immediate effect.

The company cited ETNet as the source of the announcement.

PICC Property and Casualty, stock code 02328, announced that it has entered into a tripartite agreement with Zhongyuan Brokerage and Zhongsheng International, according to ETNet.

Under the terms, Zhongyuan Brokerage will transfer its rights and obligations under the existing agreement to Zhongsheng International. The company’s prior business cooperation agreement with Zhongyuan Brokerage will automatically terminate once the tripartite agreement becomes effective.

South Korea’s cabinet approved the 2027 budget, with total spending forecast above KRW 820 trillion, up about 12.8% from the current year and marking a record high, according to ETNet.

The government said stronger-than-expected tax revenue will be used to establish a KRW 162.3 trillion Future Response Fund, part of which will support youth aid, growth drivers, local economies and education.

The plan also allocates KRW 21.3 trillion for semiconductors, physical AI and industrial park infrastructure projects.

The administration led by Lee Jae-myung intends to issue nearly KRW 222.8 trillion in bonds next year to finance the spending, a move that could heighten public concern over outlays and push yields higher.

Cudec (02487) fell to a record low of HK$1.60 as it slid more than 16% in trading, according to ETNet. The stock touched an intraday low of HK$1.60 and a high of HK$1.91, with turnover totaling 304,200 shares worth HK$553,500.

The buy-sell ratio stood at 47:53, with net active selling of HK$27,000. The decline extends to a second consecutive session, bringing the cumulative drop to 18.2%.

Titan Energy Technology (02188) declined as much as 15.9% to a record low of HK$0.069, before trimming losses to 14.6% and holding at HK$0.07, according to ETNet.

The day’s intraday range was HK$0.069 to HK$0.082, with a trading volume of 180,000 shares worth HK$13,300.

The active buy-sell ratio stood at 16:84, reflecting net active selling of HK$9,068.

Futu Securities International was the largest net passive buyer at HK$3,914, while BOC International Securities was the largest net passive seller at HK$2,100.

Nio Ltd, ticker 09866, fell as much as 10.7% to HK$29.64, marking a 52-week low, according to ETNet.

The day’s range ran from HK$29.62 to HK$33.66, with 6.4535 million shares traded for HK$204 million.

The stock has declined for four straight sessions, slipping 15.5% over that span.

The Hang Seng Tech Index was at 4,571, down 48 points, or about 1%.

ICBC (01398) rose more than 1% to an intraday high of HK$7.67, a record intraday level since listing, with turnover of 87.49 million shares worth HK$664 million, according to ETNet.

The stock was last up 1.32% at HK$7.67, extending a second straight session of gains and bringing the two-day advance to 3%.

The Hang Seng Index fell 241 points, or 0.9%, to 25,325, while the Hang Seng China Enterprises Index dropped 45 points, or 0.5%, to 8,467.

Nongfu Spring (09633) declined more than 3% on Monday, slipping to a low of HK$41.68 and moving beneath its 50-day moving average around HK$42.218, according to ETNet.

During the session the stock peaked at HK$43.02 on volume of 2.9537 million shares, with turnover of HK$125 million. The intraday buy-sell ratio stood at 53:47 in favor of buyers, and net active buying totaled HK$6.3453 million.

The declines extend a two-session slide for Nongfu Spring, leaving the stock down 4.2% over that period.

Elsewhere, the Hang Seng Index sagged 225 points to 25,341, a 0.9% drop, while the Hang Seng China Enterprises Index slipped 38 points to 8,474, about 0.5% lower.

According to Jin10, Tencent's Hunyuan team announced the Hy4 preview lightweight model on September 1.

The Hy4 preview weights were compressed from 1.5 TB to about 214 GB.