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Shenzhen Composite Index

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1,069 stories mentioning Shenzhen Composite IndexUpdated 1d ago

Trading amid mixed May data from China, including faster industrial production growth but falling fixed-asset investment and retail sales.

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Asia

China Shares Rise Ahead of Trump-Xi Meeting, Lower Oil Prices; Puya Semiconductor Shanghai Jumps 10%

Chinese stocks closed higher on Friday, driven by growing investor optimism ahead of a meeting between presidents Donald Trump and Xi Jinping and a retreat in oil prices.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.9% higher at 3,911.87. The Shenzhen Component Index rose 1.7% to 13,640.87.The market expected U.S.-China trade tensions will ease following next week's meeting between Trump and Xi in Washington. This will be the two leaders' second meeting this year.Sentiment was also supported by oil prices falling about 2% on Friday, extending losses for a third consecutive session. Easing concerns over Saudi supply disruptions outweighed worries about an expanding Middle East conflict, despite fresh cross-border strikes between Saudi Arabia and Iran-backed Houthis.In company news, Puya Semiconductor Shanghai (SHA:688766) plans to acquire the remaining 49% equity of Nuoya Changtian from Zhuhai Nuoyan, Yuanhe Puhua and Hengqin Qiangke for 247.1 million yuan. Shares of the semiconductor device producer rose 10% Friday. No

Shanghai Composite^SZSESHA:688766
US Tech Curbs Drove 72% Jump in Chinese Patent Citations, Study Finds
US Markets

US Tech Curbs Drove 72% Jump in Chinese Patent Citations, Study Finds

Chinese technology companies targeted by US trade sanctions responded by ramping up their own scientific research, increasing scientific citations in their patent applications by 72% on average, according to a study published Thursday in the journal Science.The study shows that Chinese companies moved to conduct their own research after being placed on the US Entity List, which aims to slow China's technological progress while safeguarding American technology. The list was launched in 2018 at the height of geopolitical tensions between the US and China.An analysis of United States Patent and Trademark Office data showed that science-linked patents granted to Chinese firms increased 13.4-fold between 2010 and 2022, compared with a 1.3-fold rise for their US counterparts.Each of the sanctioned companies added an average of 0.988 patents citing domestic science, 0.277 citing foreign science in aggregate, 0.197 citing US science, and 0.265 citing non-US foreign science per year, the researchers wrote in the journal Science.The analyses "reveal that US trade sanctions have generated consequences that US policy-makers may not have fully anticipated," the researchers wrote in their abstract.Despite the rapid growth, the researchers noted that Chinese firms still lag behind in terms of the scientific depth of their studies."Chinese firms still remain lagging behind U.S. firms in the intensity with which they incorporate science into patenting," the researchers said.

Shanghai Composite^SZSE
Asia

Chinese Shares Open Higher as Oil Prices Ease

Chinese equities opened higher Friday, buoyed by lower crude prices as traders assessed alternative channels for Middle Eastern oil shipments.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.4% higher at 3,891.96. The Shenzhen Component Index rose 1.1% to 13,563.74.Softer oil prices helped alleviate inflation concerns and lifted risk sentiment across Chinese markets at the opening bell.Optimism that crude from the Middle East could reach global markets via alternate routes drove Brent futures down 1% to $103.77 a barrel, though lingering worries persisted over strikes between Saudi Arabia and Yemen's Houthis.

Shanghai Composite^SZSE
Asia

China's Railway Investment Reaches 512 Billion Yuan in January-August

China's railway sector invested 511.8 billion yuan in fixed assets during the first eight months of 2026, up 1.5% year on year, state media Xinhua News reported Wednesday.The China State Railway Group said key projects were advanced, including the opening of the Wenling-Yuhuan section of the Hangzhou-Shaoxing-Taizhou high-speed railway in Zhejiang.China's operational rail network is targeted to hit 180,000 kilometers by 2030, including about 60,000 kilometers of high-speed rail.

Shanghai Composite^SZSE
Asia

Market Chatter: EU Asks China to Curb Hybrid Car Exports

The European Union has asked China to voluntarily curb hybrid car exports to avert a trade war ahead of next month's EU‑China Trade and Investment Consultations in Beijing, the Financial Times reported Thursday, citing insiders.An EU official said the request aims to prevent deindustrialization, as European carmakers cut jobs amid an oversupply of cheaper Chinese models in Europe, the report said.Brussels wants China to cap hybrid car sales at about 15% of the EU market, down from more than a third currently, and has also proposed restrictions on other products such as chemicals, the sources said.A spokesperson from the European Commission declined to comment on the matter, while China's Ministry of Foreign Affairs 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
Asia

US Fed Rate Hike Pulls Chinese Shares Down; ShenGu Soars 374% on Shanghai Debut

Chinese stocks fell Thursday, tracking Wall Street losses after the U.S. Federal Reserve raised rates under new Chair Kevin Warsh.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.4% lower at 3,875.60. The Shenzhen Component Index dipped 0.3% to 13,409.91.The Fed lifted rates by 25 basis points-the first hike since 2023-and signaled more increases to curb oil-driven inflation, sparking a U.S. sell-off that dented risk appetite in China.In company news, ShenGu Group (SHA:601091) shares closed at 20.80 yuan per share on their first day of trading on Shanghai's Main Board. This marked a 374% jump from the equipment manufacturer's initial public offering price of 4.39 yuan per share.Elsewhere, Beijing Sun-Novo Pharmaceutical Research (SHA:688621) received approval from China's National Medical Products Administration to begin clinical trials for its BTP0427 compound sustained-release capsules.

Shanghai Composite^SZSESHA:601091SHA:688621
Asia

Market Chatter: Manus' Valuation to Rise to $4 Billion After Meta Breakup

China's Manus is expected to double its valuation to $4 billion in its first funding round after Beijing blocked Meta from acquiring the artificial intelligence startup, Bloomberg News reported Thursday, citing sources.Manus' talks with other investors for the $500 million financing round are ongoing. New investors are not yet named, but Tencent (HKG:0700), capital investor HSG and ZhenFund are Manus' existing backers, sources told the media outlet.The deal is still in the early stage and could bring changes to some of the terms. The expected valuation could make Manus the most valuable AI startup, according to the sources, the report said.Manus did not respond immediately to' request for comment, as did Tencent, HSG and ZhenFund.(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^SZSEHKG:0700
Asia

Market Chatter: Huawei to Unveil Ascend 960 AI Chip

Huawei Technologies on Thursday will introduce its Ascend 960 AI chip at its Shanghai summit, with commercial availability planned for 2027, Bloomberg News reported Wednesday.Rotating Chair Wang Tao will present the new processor as Huawei pushes to replace Nvidia in China and expand globally despite U.S. export restrictions, according to the report.Supervisory board Chair Guo Ping said Huawei aims for its Ascend chips to run every AI model, closing gaps through architecture innovation, Bloomberg wrote. The upgraded iteration, Ascend 970, is planned for 2028.(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

Hawkish US Fed Weigh Down on China Shares at Market Open

Chinese shares opened lower on Thursday, tracking a broad sell-off in global markets after the U.S. Federal Reserve delivered a hawkish interest rate hike under new Chair Kevin Warsh.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.4% lower at 3,877.00. The Shenzhen Component Index dipped 0.4% to 13,409.88.For the first time since 2023, the Fed raised interest rates by 25 basis points and signaled further increases ahead to combat oil-driven inflation. The hawkish stance triggered a sell-off on Wall Street, dampening risk appetite and weighing on Chinese equities at the open.

Shanghai Composite^SZSE
Asia

Market Chatter: ByteDance Raises $290 Million for AI Drugmaking Unit Following Spinoff

ByteDance raised $290 million for Anew Labs following a spinoff of the artificial intelligence drugmaking unit, Reuters reported Wednesday, citing two people with knowledge of the matter.Anew Labs achieved a $1.5 billion valuation following the fundraising round, led by HSG, IDG Capital, and Hillhouse Investment, as well as Gaorong Ventures, Primavera Venture Partners, and Boyu Capital, with 5Y Capital as co-lead investor and SBP Group as strategic investor, the report said.ByteDance spun off Anew Labs as AI drug discovery does not adhere to the group's main operations, Reuters said.ByteDance did not immediately respond to a request 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
Asia

US-China Tariff Talks Lift China Shares; Evopoint Biosciences Rises 46%

Chinese stocks closed higher on Wednesday as investor sentiment improved following reports that the U.S. and China are discussing tariff reductions.The Shanghai Composite Index, the main gauge of Chinese stocks, climbed 0.7% to 3,891.60. The Shenzhen Component Index rose 1.3% to 13,454.74.Markets were supported by reports that the U.S. and China are in talks to cut tariffs on certain goods ahead of Chinese President Xi Jinping's visit to the White House next week.The proposed deal would lower duties on US agricultural and energy exports in exchange for favorable rates on Chinese manufacturing inputs.In company news, Evopoint Biosciences (SHA:688837) shares closed at 40.18 yuan per share on their first day of trading on Shanghai's STAR Market. This marked a 46% rise from the biopharmaceutical company's initial public offering price of 27.60 yuan per share.

Shanghai Composite^SZSESHA:688837
Asia

Market Chatter: US, China in Talks to Trim Tariffs Ahead of Xi's US Visit

The U.S. and China are in talks to cut tariffs on certain goods ahead of Chinese President Xi Jinping's visit to the White House next week, Bloomberg News reported Tuesday, citing sources.The proposed deal would lower duties on US agricultural and energy exports in exchange for favorable rates on Chinese manufacturing inputs, the report said.Executives from state-owned agricultural trader China Foods (HKG:0506), formerly COFCO International, are among those being considered to join Xi's delegation for discussions with US President Donald Trump, the report said.The U.S. Trade Representative, China's Ministry of Commerce and China Foods did not immediately respond to' requests 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^SZSEHKG:0506
Asia

Chinese Shares Open Lower on Weak Domestic Demand

Chinese equities opened lower on Wednesday amid the deepening weakness in the property sector and a slowdown in consumer spending.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.1% lower at 3,861.75. The Shenzhen Component Index dipped 0.1% to 13,276.85.China's property investment tumbled 19.9% year over year in the first eight months, with the decline accelerating from the 19.2% drop through July. Retail sales rose 0.4% to 3.982 trillion yuan in August, slowing from 0.6% growth in July and missing the 0.7% consensus forecast.The bearish data was partially offset by signs of stabilizing capital flows, with Chinese banks recording a net foreign exchange settlement surplus of 329 billion yuan in August. Banks settled 1.709 trillion yuan in forex and sold 1.380 trillion yuan during the month.

Shanghai Composite^SZSE
International

Chinese Banks Log Forex Settlement Surplus of 329 Billion Yuan in August

Chinese banks recorded a net foreign exchange settlement surplus of 329 billion yuan in August, according to data released by the State Administration of Foreign Exchange on Tuesday.Banks settled 1.709 trillion yuan in forex and sold 1.380 trillion yuan during the month.Banks also handled 5.272 trillion yuan in cross-border receipts and 4.849 trillion yuan in cross-border payments on behalf of clients.From January to August, banks logged 2.326 trillion in net foreign exchange settlement surplus as settlements reached 14.311 trillion yuan and sales hit 11.985 trillion yuan.

Shanghai Composite^SZSE
Asia

China Unveils Action Plan for Smart Home Consumption

China introduced an action plan to boost smart home consumption among households, according to a government press release published on the Ministry of Commerce's webpage on Monday.Eight government departments unveiled the plan that aims to expand the use of smart home products across the country.The plan also aims to improve homes through the use of age-friendly products, especially for the elderly, and streamline waste recycling points.Financial institutions are encouraged to develop financial products and services for consumers, while the government grants subsidies to increase loan support for smart home consumption.

Shanghai Composite^SZSE
Asia

Economic Headwinds Weigh Down China Shares; CATL Falls 6%

Chinese equities closed lower on Tuesday, weighed down by fresh economic data that painted a challenging picture of the country's economy.The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.5% to 3,864.28. The Shenzhen Component Index fell 0.7% to 13,287.97.Property investments in China fell 19.9% year over year during the first eight months of the year, according to data released Tuesday. The decline accelerated from the 19.2% drop recorded in the seven months ended July.Retail sales of consumer goods grew 0.4% year over year to 3.982 trillion yuan in August. The pace of growth was softer than the 0.6% expansion recorded in the previous month and fell short of the consensus forecast of 0.7% growth tracked by Investing.com.Separately, China's outstanding yuan loans grew 4.9% year over year to 282.35 trillion yuan as of the end of August. The growth rate slowed from July's 5.1% expansion to a record low, falling short of the 5.1% increase forecast by Investing.com.In company news, Contemporary Amperex Technology (SHE:300750) or CATL obtained the approval of China's State Administration for Market Regulation to acquire an undisclosed stake in Chongqing Yaoning New Energy Technology. Shares of the battery maker closed 6% lower Tuesday.

Shanghai Composite^SZSESHE:300750
Weak Domestic Demand Drags China's August Economic Data; Industrial Output Beats Estimates
US Markets

Weak Domestic Demand Drags China's August Economic Data; Industrial Output Beats Estimates

Weak domestic demand continues to weigh on China's economy in August, with retail sales registering sluggish growth and fixed-asset investment declining further.Retail sales edged up 0.4% year over year to 3.982 trillion yuan, softer than the 0.6% rise in the previous month and missing the consensus forecast of 0.7% tracked by Investing.com.The latest retail sales data "highlights weak consumption," according to ING Greater China Chief Economist Lynn Song. Despite China being the largest producer and consumer of electric cars, auto sales dragged growth with an 18.5% fall to 327.9 billion yuan during the month.Fixed asset investment contracted for the sixth straight month to 7.2% year over year, slowing from the 6.7% contraction recorded in July and missing the consensus forecast of a 7% contraction. The rise in high-tech fixed-asset investment failed to stop the plunge seen in the infrastructure, manufacturing, and real estate sectors.Property investments fell 19.9% year over year in the January-August period, faster than the 19.2% slide in the seven months through July.Industrial production grew 5.2% year over year in August, outpacing the 4.5% expansion in July and the consensus forecast of 4.8%. ING's Song said "resilient external demand and China's own tech and industrial upgrading continue to drive growth" in industrial activity.Lithium-ion battery production surged 57.2%, while high-tech manufacturing and equipment manufacturing jumped 16.7% and 12.1%, respectively.By sector, manufacturing output grew 6.1%, mining declined 1.4%, and the production and supply of electricity, thermal power, gas, and water climbed 4.9%.China's surveyed urban unemployment rate rose to 5.3% in August from 5.2% the previous month, wrong-footing analysts polled by Investing.com, who had expected the rate to remain unchanged at 5.2%.

Shanghai Composite^SZSE
China Credit Demand Remains Weak in August as New Yuan Loans Miss Forecast
US Markets

China Credit Demand Remains Weak in August as New Yuan Loans Miss Forecast

China's banks extended 60 billion yuan in new yuan loans in August, according to data from the People's Bank of China released Monday.The figure was far below the 480 billion yuan consensus forecast tracked by Investing.com, highlighting continued weakness in demand for bank credit. Still, lending recovered from a record 340 billion yuan contraction in July.The rebound came as China's slowing economy and subdued consumer sentiment, particularly in the housing market, continued to weigh on borrowing demand.Outstanding yuan loans stood at 282.35 trillion yuan at the end of August, up 4.9% from a year earlier.The pace of loan growth slowed from 5.1% in July, marking a record low and underscoring the persistent weakness in bank credit expansion.The soft lending trend also reflects a changing financing landscape, with traditional sectors losing momentum while technology companies increasingly turn to bond markets rather than bank loans to raise funds.Aggregate financing, a broader measure of credit across China's financial system, reached 1.66 trillion yuan in August, suggesting that government bond issuance continued to provide support to overall financing activity.Meanwhile, the M2 money supply rose 7.5% year over year to 356.808 trillion yuan in August, easing from 7.7% growth in July and coming in slightly below the 7.6% market forecast.Taken together, the figures point to persistently weak credit demand, even as broader financing conditions are supported by government bond issuance."While the [10 trillion yuan] debt resolution program has had some impact on loan growth, the recent slowdown can no longer be attributed to it, and instead points to still highly depressed private sector credit demand, as we recently analyzed," Nomura analysts said in a note to clients.

Shanghai Composite^SZSE
Asia

Market Chatter: DeepSeek to Tap GL Ventures Partner as First CFO Ahead of Potential IPO

Sources said DeepSeek is set to appoint Yan Wentao, a partner at GL Ventures, as its inaugural chief financial officer, as the Chinese AI company lays the groundwork for a possible public listing, Reuters reported Tuesday, citing two people with knowledge of the matter.The Hangzhou-based startup has tapped CITIC Securities to prepare for a potential listing on Shanghai's STAR Market, according to the report.DeepSeek 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

China's Retail Sales Growth Slows to 0.4% in August

China's retail sales of consumer goods grew 0.4% year over year to 3.982 trillion yuan in August, according to data from the National Bureau of Statistics released Tuesday.The pace of growth was softer than the 0.6% expansion recorded in the previous month. It missed the consensus forecast of 0.7% growth tracked by Investing.com.Sales in urban areas rose 0.2% year over year to 3.446 trillion yuan, while rural retail sales edged up 1.6% to 536.7 billion yuan.For the first eight months of the year, retail sales in China rose 1.1% year over year to 32.8 trillion yuan, easing from the 1.2% growth in the January-July period.

Shanghai Composite^SZSE

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