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Shanghai Composite Index

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613 stories mentioning Shanghai Composite IndexUpdated just now

Trading amid mixed May Chinese data: industrial production grew while retail sales and fixed-asset investment contracted year over year.

Asia

Market Chatter: DeepSeek to Focus on AI Research Over Monetization

DeepSeek plans to prioritize artificial intelligence research over short-term commercialization, Bloomberg News reported Friday, citing people familiar with the matter.The AI startup's founder, Liang Wenfeng, mentioned the plan to investors during its ongoing 70 billion yuan fundraising round, according to the report.Insiders said the company, which was founded in 2023, made it clear it will accelerate technology over monetization, the report said.Liang could personally inject about 20 billion yuan in the funding round, while the state-backed AI fund is in discussions to invest around 10 billion yuan, insiders told the media outlet.DeepSeek is yet to respond to' request for comment on the matter.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
International

APEC Trade Reps to Talk About Free Trade During Meet in China

Trade representatives at the Asia-Pacific Economic Cooperation meeting are expected to discuss regional economic integration and free trade area process in the region amid the "complex and volatile" international situation, according to China's Commerce Minister during an interview on Friday.The trade ministers' meeting will be conducted in Suzhou, Jiangsu Province, China, late this month.Other key topics to be discussed are the development of a digital cooperation and a green economy, Commerce Minister Wang Wentao said."All parties are eagerly anticipating that the meeting will build consensus and achieve tangible results," Wang said.

Shanghai Composite^SZSE
Asia

Market Chatter: German Top Bosses to Join Economic Minister's Beijing Trip

The top bosses of German companies BASF, Thyssenkrupp, and Siemens Energy will tag along with Economy Minister Katherina Reiche's trip to China next week, Reuters reported Thursday, citing the companies.Reiche will visit Beijing from May 26 to 29, the report said.Germany, the world's number three economy, has been exposed to the risks of Chinese competition and U.S. tariffs, the report said.The visit highlights Germany's dependence on Chinese raw materials and purchasing power, while being a leading rival in the automotive, energy, and technology sectors, Reuters said.Reiche's visit will come three months after Chancellor Friedrich Merz's trip to Beijing, according to the newswire.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
Asia

Market Chatter: Private Equity Firm PDG to SellChinese Data Center Assets for $1 Billion

International equity firm Princeton Digital Group, or PDG, plans to sell off its Chinese data center assets for as much as $1 billion amid China's political and regulatory pressures, Financial Times reported Friday, citing sources.Foreign investors are struggling to own critical digital infrastructure in China due to the government's strict cyber security and data protection regime, according to the report.Investors are shifting their focus on other international markets as the demand for artificial intelligence grows globally, FT reported.Other investors have already disposed of their Chinese data center assets. Bain offloaded its assets to a Shenzhen Dongyangguang Industry-led consortium for $4 billion in 2025, while keeping the non-China operations of Bridge Data Centers. Meanwhile, Carlyle gradually reduced its exposure to Chinese digital infrastructure company VNET Group until Contemporary Amperex Technology (SHE:300750, HKG:3750) eventually bought the assets, the report said.PDG did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
International

Market Chatter: China's Reduced Oil Imports Cap Global Prices Despite Strait of Hormuz Closure, Analysts Say

China's reduction of oil imports, which led to lower Asian crude purchases, has kept crude prices from soaring despite the lingering effects of the Iran war, including the continued closure of the Strait of Hormuz, Reuters reported Thursday.While market analysts initially projected crude prices to exceed $160 per barrel due to the conflict, prices have instead stabilized around $110 per barrel, despite a lack of progress in peace talks, the report said, citing Morgan Stanley analysts.Chinese net seaborne crude imports slid by 5.5 million barrels per day, equivalent to 5.5% of global demand, to 8.5 million barrels per day in the month through May 8, Reuters said, citing Morgan Stanley.China even resold oil cargoes purchased under long-term contracts to refiners outside the country as domestic demand weakened and crude prices rose, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
Asia

Market Chatter: Manus Mulls Funding Round to Undo Meta Acquisition

The co-founders of Chinese artificial intelligence startup Manus are weighing options to comply with Beijing's orders to undo their acquisition by Meta, Bloomberg reported Thursday, citing people familiar with the matter.Founders Xiao Hong, Ji Yichao, and Zhang Tao are discussing possibly raising about $1 billion from external investors, including a funding round, and chipping in their own money to at least match Meta's $2 billion acquisition price, Bloomberg said.Once that is in place, the three founders could set up Manus as a Chinese joint venture with the backers of the funding round ahead of plans to list in Hong Kong, according to the news outlet.The plans remain preliminary, the report said.Manus and Meta did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
International

Oil, Tech Outlooks Roil Asian Stock Markets

Asian stock markets turned in a mixed Thursday with powerful rallies in Tokyo and Seoul on tech strength and lower oil prices, while Hong Kong and Shanghai lagged on mainland China's uncertain macroeconomic outlook.The tech-centric South Korean KOSPI index rose 8.4% on the day, after semiconductor powerhouse Samsung Electronics sealed a labor deal, and following an upbeat earnings report from peer enterprise and chip colossus Nvidia (NVDA).Brent oil futures, after topping $110 a barrel on Wednesday, eased to near $104 on Thursday.In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 3.1%, after US President Donald Trump on Wednesday again posited that a peace deal was possible in the Persian Gulf.The benchmark Nikkei 225 rose 1,879.73 to 61,684.14, as gaining issues outnumbered losers 139 to 85.Leading the upside was tech financier SoftBank, up 19.9% after reports that client OpenAI may file an initial public offering. The insurer Sompo declined 10.7% after reporting earnings.In economic news, the flash Japan composite purchasing managers index (PMI), a combination of the nation's manufacturing and services sectors, fell to 51.1 in May from 52.2 in April, marking the slowest pace of expansion this year, though still striking above the 50 threshold that separates growth from contraction.In Hong Kong, the Hang Seng Index opened evenly but lost ground, closing down 1% as traders mulled recent tempered economic releases from Beijing.The broad gauge Hang Seng fell 264.60 to 25,386.52, as losing issues outnumbered gainers 59 to 30. The Hang Seng TECH Index lost 2.1% on the day, while the Mainland Properties Index fell 1.1%.Leading the upside was smartphone components supplier Sunny Optical Technology, gaining 9.3%, while search engine giant Baidu declined 5.7%.On the mainland, the Shanghai Composite fell 2% to 4,077.28.On the other regional exchanges, the Taiwan TWSE rose 3.4%; the Australian ASX 200 advanced 1.5%; the Singapore Straits Times Index was flat, and the Thai Set gained 0.3%. In late trading in Mumbai, the Sensex was down 0.2%MSCI All Country Asia Pacific Index rose 2.2% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Market Chatter: Underwhelming Impact of Trump-Xi Meeting Raises Stakes for September Visit, UN Chief Says

The meeting between Presidents Donald Trump and Xi Jinping may have calmed tensions between the U.S. and China but did not achieve any breakthroughs, Reuters reported Thursday, citing remarks by United Nations Secretary-General Antonio Guterres to the press.The underwhelming impact of the Beijing summit could raise the stakes for Xi's visit to Washington in September, the report siad."Let's be clear, no major breakthrough was achieved and so the visit of President Xi to Washington ​gains an enormous importance," Reuters quoted Guterres as saying.Xi's visit to the U.S. in September will coincide with the UN General Assembly and could mark the first time since 2015 that the Chinese leader would speak, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
Asia

China Defends Rare Earth Export Controls, to Cooperate with US 'Legitimate' Concerns

The Chinese government will address "legitimate' U.S. concerns regarding Beijing's rare earth export contols while calling the moves "in accordance with laws and regulations," the commerce ministry said in a statement Wednesday.China introduced the rare earth export controls as an answer to President Donald Trump's "Liberation Day" tariffs.Beijing earlier agreed to address rare earth shortage concerns during the meeting with Presidents Trump and Xi Jinping last week, the White House said Sunday."The Chinese government implements export controls on key minerals such as rare earths in accordance with laws and regulations, and reviews compliant, civilian-use licensing applications," the ministry said in its statement.The statements from Washington and Beijing, issued days apart, reflect a new status quo where the U.S. seems to accept the restrictions, Reuters reported separately.Six months earlier, during the Trump-Xi meeting in South Korea, Washington said the restrictions "would be dismantled," the report said.

Shanghai Composite^SZSE
Asia

Chinese Shares Fall on Stalled Gas Pipeline, US Mulling Taiwan Talks; CIMC Falls 4%

Chinese shares fell on Thursday as the country and Russia failed to clinch a major gas deal and the U.S. signaled its intent to talk with Taiwan.The Shanghai Composite Index, the main gauge of Chinese stocks, plunged 2.0% to 4,077.28. The Shenzhen Component Index dropped 2.1% to 15,247.27.Russian President Vladimir Putin left China without any notable progress on a Russia-to-China natural gas pipeline project.After years of Russian efforts to finalize an agreement, the proposed Power of Siberia 2 pipeline remains held up by unresolved issues. Key terms such as pricing mechanisms and volume flexibility remained unsettled.U.S. President Donald Trump said he would speak with Taiwanese President Lai Ching-te and work on the issue surrounding Taiwan. Beijing has been at odds with the self-governed island in a bid to fully take control of the territory.Chinese President Xi Jinping previously warned the U.S. that "mishandling" the Taiwan issue could lead to conflict.In company news, The U.S. Department of Justice charged China International Marine Containers (SHE:000039), or CIMC, and several of its executives with price-fixing standard, unrefrigerated shipping containers. Shares of the container manufacturer fell 4% Thursday.

Shanghai Composite^SZSESHE:000039
Asia

Market Chatter: Russia's Sberbank Looking to Power Gigachat AI Model with China Chips

Russian banking giant Sberbank is looking to power its GigaChat artificial intelligence model with China-made microchips, Reuters reported Wednesday, citing CEO German Gref.Sanctions imposed by the West hamper Russia's access to advanced semiconductor technology, the newswire said.Gref has yet to say what chips Sberbank is planning to purchase, Reuters said.However, Sberbank's push for advanced AI chips also faces competition from Chinese internet firms as they are also rushing to purchase Ascend 950 AI chips from Huawei, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
International

Market Chatter: China Still Germany's Biggest Trading Partner in Q1

China is Germany's largest trading partner in the first three months of 2026, Reuters reported Wednesday, citing the newswire's computations from the Federal Statistics Office.Total trade between China and Germany reached 61.5 billion euros in the first quarter, higher than the total trade value of 60 billion euros with the U.S. and 52.8 billion euros with the Netherlands, the report said.Exports to China slid 12.5% to 18 billion euros, while imports increased 6.4% to 43.5 billion euros, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
Asia

Market Chatter: Trump Signals Intent to Talk With Taiwan's President

U.S. President Donald Trump said he would speak with Taiwanese President Lai Ching-te and work on the issue surrounding Taiwan, according to a Reuters report on Wednesday.Before boarding Air Force One, Trump told reporters at Joint Base ​Andrews in Maryland that they will "work on that, the Taiwan problem," but sources told Reuters that a meeting between the leaders is not yet scheduled, the report said.Beijing has been at odds with the self-governed island in a bid to fully take control of the territory, according to the media outlet.During Trump's visit to Beijing last week, Chinese President Xi Jinping warned the U.S. that "mishandling" the Taiwan issue could lead to conflict.The White House and China's embassy in Washington did not immediately respond to Reuter's request for comment on the matter, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSETaiwan Weighted
Asia

China Plans to Launch Curbs on Strategic Minerals

China plans to introduce restrictions on certain strategic minerals, which will be effective June 15, according to a government notice published on the state-owned Xinhua News Agency.Some of the curbs will include planning control, restrictions on mining entities and quantity regulation.The notice did not specify which minerals would be covered in the regulations.

Shanghai Composite^SZSE
Asia

Market Chatter: Russia-China Gas Pipeline Talks Continue to Stall

Russian President Vladimir Putin left China without any notable progress on a Russia-to-China natural gas pipeline project, Bloomberg News reported Wednesday.After years of Russian efforts to finalize an agreement, the proposed Power of Siberia 2 pipeline remains held up by unresolved issues, according to the report. Key terms such as pricing mechanisms and volume flexibility remained unsettled.Moscow's long-term vision involves delivering more than 100 billion cubic meters of pipeline gas annually to China, a significant increase from the roughly 40 billion cubic meters supplied in 2025, Bloomberg wrote.Under current Russian plans, this total would be distributed via the first and second Power of Siberia pipelines in addition to the so-called Far Eastern route, according to the report. That route is scheduled to begin operations in early 2027, with an annual capacity of up to 12 billion cubic meters destined for China.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
Asia

Market Chatter: Chinese Palladium Imports Surge Nearly Three Times in April

Higher domestic prices pushed China to import 8.6 tons of palladium in April, nearly three times higher than the seasonal average, Bloomberg News reported Wednesday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
Asia

Market Chatter: Chinese Private Equity Rises as Investors Zoom in on Tech, AI

China's private equity activity is experiencing a significant revival with limited partners focusing on chips, manufacturing, artificial intelligence and robotics, The South China Morning Post reported Wednesday.A total of 37 companies raised $13.26 billion on Hong Kong's main board in the first quarter, almost five times the previous year's level, according to the report.Total exit value in Greater China rose to $53 billion in 2025 from $46 billion in 2024, the SCMP wrote.However, Hong Kong's initial public offering backlog stands at between 480 and 500 deals, expected to clear in four to five years, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
Asia

Market Chatter: Volkswagen Not in Active Talks with Chinese Carmakers

Volkswagen is not in active discussions with Chinese car manufacturers regarding overcapacity at its factories in Europe, Reuters reported Wednesday, citing CEO Oliver Blume's remarks to workers at a general assembly.Blume made the remarks in a bid to assuage workers' worries about staffing but noted the problem of overcapacity needs to be addressed, Reuters reported, citing Blume."We still have excess capacity at our plants in Europe and Germany. We need ​to address this in order to remain competitive," the newswire quoted Blume.Despite three years of belt tightening, including 50,000 job cuts in Germany, the car manufacturer would not return to pre-pandemic sales in Europe, Reuters said, citing Blume.The need to form joint ventures with domestic manufacturers to localize in key markets such as China is killing the business model of German car exports to the world, the newswire said, citing the CEO.Volkswagen has promised to avoid closing factories in Germany to avoid the ire of German unions and the carmakers' works council, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
International

China's Postal Sector Logs 6% Rise in January-April Revenue

China's postal sector logged total business revenue of 601.9 billion yuan in the first four months of 2026, up 5.8% from the previous year, according to data from the State Post Bureau.Parcels handled rose 4.1% year over year to 70.2 billion, with express deliveries accounting for 64.6 billion parcels, up 5.1%. percent.

Shanghai Composite^SZSE
Asia

China's Fiscal Revenue Up 3.5% in January-April

China logged fiscal revenue of 8.34 trillion yuan in the January-to-April period, up 3.5% from the previous year, according to data from the Ministry of Finance.The pace of growth was 1.1 percentage points higher than in the first quarter.Tax revenue rose 3.9% year over year to 6.81 trillion yuan in the first four months of 2026, up 1.7 percentage points from Q1.

Shanghai Composite^SZSE

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