843 stories mentioning Shenzhen Composite IndexUpdated just now
Trading amid mixed May data from China, including faster industrial production growth but falling fixed-asset investment and retail sales.
China sold 1 billion yuan each in 15-year and 30-year bonds in Hong Kong, according to a notice by the Finance Ministry released Wednesday.The 15-year bonds have an interest rate of 1.99%, and the 30-year bonds have a 2.24% interest rate.China also sold 5 billion yuan in 2-year, 1.27% bonds, 4 billion yuan of three-year bonds with a 1.3% interest, and another 4 billion yuan of bonds with a five-year maturity.
Chinese shares rose on Wednesday on the back of falling oil prices amid signals that mediators were making progress in efforts to end the U.S.-Iran conflict.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 1.5% higher to 3,878.43. The Shenzhen Component Index rose 1.9% to 14,144.20.Global risk sentiment improved after oil prices declined sharply on signs that mediators were making progress in efforts to end the U.S.-Iran conflict, raising hopes for the reopening of the Strait of Hormuz.Brent crude fell to about $79 a barrel, well below its July peak of $102. Yahoo Finance reported.On the economic front, business activity across China's private sector expanded at a softer pace in July, with the headline RatingDog China Composite Output Index, compiled by S&P Global, coming in at 50.8. This was lower than the 53.6 recorded in the previous month.In company news, JCHX Mining Management (SHA:603979) said its Zambian subsidiary has signed a mining contract with CNMC Africa Mining for the Chambishi copper mine's Main and West orebodies, valued at about $115 million. Shares of the mining construction company rose 7% Wednesday.
Fitch Ratings upgraded Aluminum Corporation of China's (Chinalco)'s long-term foreign- and local currency issuer default ratings (IDRs) and senior unsecured rating to A- from 'BBB+.The outlook is stable, according to a Wednesday release from the ratings firm.Ratings on all the bonds guaranteed by Chinalco have also been upgraded to 'A-' from 'BBB+'.The upgrade reflects Fitch's reassessment of Chinalco's government preservation role to Very Strong from Strong in its government-related entity (GRE) score.Fitch also raised Chinalco's Standalone Credit Profile (SCP) to bb+ from bb, driven by an improvement in its financial profile.Chinalco is the parent of Aluminum Corporation of China (HKG:2600, SHA:601600) or Chalco and China Aluminum International Engineering (SHA:601068, HKG:2068) or Chalieco.
Shenzhen Adtek Technology is about to reach 2 billion yuan in raised funds ahead of its proposed initial public offering in Hong Kong, Bloomberg News reported Thursday, citing insiders.Morgan Stanley's Singaporean private equity arm, Temasek Holdings, and investment firm CPE are likely to join the Chinese optical connectivity products supplier's pre-IPO round, the sources reportedly told the news agency.Adtek may target a valuation of between $3 billion and $4 billion, the report said, citing the sources.Adtek, Temasek, Morgan Stanley and CPE 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.)
China's services sector expanded at its slowest pace in 10 months in July as business activity and new orders moderated, although firms continued to hire and cost pressures eased, according to the RatingDog China General Services PMI released by S&P Global on Wednesday.The RatingDog China General Services Business Activity Index fell to 50.4 in July from 54.1 in June, remaining above the 50-point threshold separating expansion from contraction but marking the weakest pace of growth since September 2024.Higher activity continued, supported by client acquisitions, project wins, business development, and AI-related services.However, new business expanded at the slowest pace in four months as domestic demand softened, while export orders remained resilient with a third straight month of growth."Sub-index data indicated a significant moderation in growth," said Yao Yu, founder of RatingDog."Total new business increased for the forty-third consecutive month, but the rate of growth was the weakest since March 2026, weighed by softer domestic demand," the statement added.Employment rose for a third consecutive month, the longest hiring streak since the second half of 2024, while backlogs of work increased for a ninth straight month.Meanwhile, input cost inflation eased to its weakest pace since January, and selling prices rose for a second month, albeit at a slower rate.The broader China Composite Output Index fell to 50.8 in July from 53.6 in June, signaling the slowest pace of overall business expansion in a year as growth softened across both manufacturing and services.The private survey contrasted with official data released last week, which showed China's official non-manufacturing PMI contracted to 49 in July from 50.2 in June.The official composite PMI dropped to 49.3 from 50.6, while the official manufacturing PMI slipped to 49.2 from 50.3.
Chinese electric passenger vehicle sales rose 23% year over year to about 1.5 million units in July as oil prices continue to rise due to the conflict in the Middle East, according to data from the China Passenger Car Association released Tuesday.BYD (HKG:1211, SHE:002594) logged the highest sales volume of 411,702 units during the month, followed by Geely Automobile (HKG:0175) at 158,145, and Chery Automobile (HKG:9973) at 122.082 units.Zhejiang Leapmotor (HKG:9863) logged sales of 101,267 units, while Tesla came in at fifth with 93,759 units.
Chinese shares opened lower on Wednesday as the expansion of the country's service sector eased.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.2% lower to 3,815.12. The Shenzhen Component Index fell 1.7% to 13,644.84.Investor sentiment was brought down by the sluggish pace of private services activity expansion in July. The RatingDog China General Services Business Activity Index came in at 50.4, missing the 53.7 consensus forecast and down from June's 54.1, signaling barely positive growth in the sector.Separately, Washington is drafting a ban on new Chinese optical transceivers for U.S. data centers, with the Federal Communications Commission-led measure citing espionage and sabotage risks as the artificial intelligence race intensifies.
Business activity across China's private sector expanded at a softer pace in July, with the headline RatingDog China Composite Output Index, compiled by S&P Global, coming in at 50.8, according to data released on Wednesday.The latest print, which aggregates combined performance figures across both the manufacturing and service sectors, compared with the 53.6 recorded in the previous month.A reading above 50 indicates an overall expansion in private sector activity, while a figure below signals a contraction.The reading contrasted with the official government composite PMI, which stood at 49.3 in July.The monthly momentum reflected slower expansion across both manufacturing and services, with the RatingDog China General Manufacturing PMI at 50.9 and the RatingDog China General Services Business Activity Index at 50.4.New business increased for a 14th consecutive month, though at the slowest pace since March, while employment rose for a third straight month and input cost and output price inflation both eased to six-month lows.
Business activity across China's private service sector expanded softly in July, with the headline RatingDog China General Services Business Activity Index, compiled by S&P Global, coming in at 50.4, according to data released on Wednesday.The latest reading missed the 53.7 consensus forecast tracked by Investing.com and compared with the 54.1 recorded in the previous month.It contrasted with the official government non-manufacturing PMI, which stood at 49.The monthly momentum was primarily driven by slower growth in business activity and new orders, although both remained in expansion territory.Employment increased for a third consecutive month, while easing cost pressures enabled firms to continue raising output charges.
Washington is moving to block new Chinese optical transceivers from U.S. data centers, Reuters reported Tuesday, citing four people familiar with the matter.Sources said the Federal Communications Commission-led measure targets components that beam data through fiber-optic cables, citing fears of espionage, malware or sabotage amid the artificial intelligence race, according to the report.Officials hope to finalize the rule this year, though insiders say it could still be tweaked or scrapped, Reuters wrote.The FCC 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.)
Huawei's top semiconductor scientist, Liao Heng, warned about the limits of chip production in Western chipmakers, such as Nvidia, according to Bloomberg News on Tuesday, citing an interview streamed through online platform Bilibili.Liao discussed in the four-hour interview some of the challenges the Chinese tech giant faced when the U.S. imposed sanctions that restricted its access to global chipmakers and his view on the best path in designing chips, the report said.Lao also talked about the Tau Scaling Law, which proposed replacing geometric scaling with time scaling in semiconductor development. The principle was expounded by Huawei's He Tingbo in May.The Tau Scaling Law is set on improving transmission speeds as the size of transistors are being scaled down. The law enabled Huawei to develop technologies like LogicFolding, in which a smartphone based on the technology is about to be unveiled, according to the media outlet.(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.)
Chinese shares climbed Tuesday, driven by renewed enthusiasm for domestic tech stocks that shielded them from the sharp sell-offs hitting South Korean markets.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.3% higher to 3,822.28. The Shenzhen Component Index surged 3.3% to 13,885.71.The SSE STAR 50 Index (SHA:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, jumped 4.1% at market close.CITIC Securities said the recent pullback in Chinese shares was a market correction following heavy investor positioning in artificial intelligence-related stocks, rather than a deleveraging-driven selloff like the one experienced in South Korea, The South China Morning Post reported.The brokerage added that liquidity strains persist in parts of the market, but selling pressure on many non-core AI stocks has largely eased.Meanwhile, China's insurance industry pulled in 3.86 trillion yuan in premiums in the first half, up 3.3% from the previous year. Life insurers grew 3.6%, while property insurers rose 2.1%. Non-auto insurance now accounts for 54% of property premiums.In company news, Shenzhen JLC Technology (SHE:001232) closed at 208.01 yuan on its first day of trading on the Shenzhen bourse. This marked a 123% surge from the circuit board manufacturer's initial public offering price of 84.46 yuan apiece.
China aims for non-fossil fuel power generation to account for about 50% of total power generation by 2030, according to a new power system development plan outlined by the National Development and Reform Commission and National Energy Administration.The plan targets the basic completion of a new power system by 2030.China aims to integrate over 2.8 billion kilowatts of new energy generation and construct a charging infrastructure network that can support over 110 million electric vehicles.By 2030, hydropower capacity is expected to reach 410 gigawatts, nuclear power to 110 GW and non-fossil energy, such as biomass, solar and geothermal, to reach 65 GW.The plan also calls for improving the flexibility of coal-fired generating units by reducing the minimum stable operating load of eligible units to about 25%.
China's insurance industry pulled in 3.86 trillion yuan in premiums in the first half, up 3.3% from the previous year, state media Xinhua News reported Monday.Life insurers grew 3.6%, while property insurers rose 2.1%. Non-auto insurance now accounts for 54% of property premiums.Participating life insurance products saw premiums surge 94% to 1.01 trillion yuan, a shift that analysts say demands sharper asset-liability management, according to the report.
Chinese shares opened higher on Tuesday, supported by a decline in oil prices as the conflict between the U.S. and Iran remained at a stalemate.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.2% higher to 3,816.37. The Shenzhen Component Index rose 0.9% to 13,572.95.Oil prices fell as optimism grew over a potential easing of Middle East tensions, reducing worries about supply shocks.The move came after President Trump announced he was postponing a fresh attack on Iran as a show of goodwill in peace negotiations-a claim that Tehran has since dismissed, denying that any dialogue is occurring.
Chinese copper foil maker Londian Wason New Energy Tech is seeking a valuation of as much as $1.7 billion through its planned U.S. initial public offering, according to a filing submitted to the U.S. Securities and Exchange Commission on Monday.The company plans to offer nearly 3.6 million American depositary shares (ADSs), each representing five ordinary shares, at an indicative price range of $20 to $22 per ADS.The offering could raise up to $78.6 million, excluding the underwriters' over-allotment option. Londian Wason intends to list on the New York Stock Exchange under the ticker "FOIL."The company's revenue climbed to 4.07 billion yuan in the three months ended March 31 from 1.91 billion yuan a year earlier.It also returned to a net profit of 134.5 million yuan from a net loss of 68.4 million yuan, the filing showed.Cantor Fitzgerald, Huatai Securities (USA), CMB International Capital, US Tiger Securities, and Fortune (HK) Securities are serving as the underwriters for the offering.
For the week ahead in Asia, markets will be focused on multiple Purchasing Managers' Index (PMI) releases covering manufacturing activity across the region.The week opened busy with PMI readings across Asia.The rest of the week will bring more PMI reports, trade data, inflation numbers, and a rate decision in India.MONDAY, AUG. 3China's RatingDog General Manufacturing PMI compiled by S&P Global came in at 50.9 compared with 51.7 in the previous month.Japan and Taiwan's factory activity, compiled by S&P Global, expanded at a softer rate in July to a respective 54.5 and 55.1, while India's HSBC PMI eased to 53.5 in the month.Elsewhere, South Korea and Thailand's PMI rose at a faster rate to 53.1 and 54.2, respectively, while Malaysia maintained its PMI at 50.7, according to S&P Global.Meanwhile, corporate morale among Thai businesses rose slightly in July, with the headline Business Sentiment Index (BSI) coming in at 46.7 points, compared with 46.1 points in June.Indonesia's annual inflation rate stood at 2.88% in July, with a Consumer Price Index of 111.73. The economy also saw a trade deficit of $450 million in June.TUESDAY, AUG. 4South Korea's inflation will likely ease to a 2.9% year-over-year increase in July from a 3.2% rise in June, according to a poll of 11 WSJ economists.The lower projected inflation will reportedly result from a drop in energy prices and electricity tariffs.Meanwhile, Hong Kong will release retail sale numbers.WEDNESDAY, AUG. 5A number of data releases are scheduled for Wednesday.Reserve Bank of India (RBI) is expected to keep its repo rate steady at 5.25%, according to experts at ING.India's inflation in the June quarter was lower than forecasts, eliminating the need for immediate rate increases, the Wall Street Journal reported citing analysts from Citi Research. ANZ Research, however, forecasts a 25-basis-point hike in December, the WSJ said.The Bank of Japan will also publish the minutes of its June meeting where it hiked rates to a three-decade high of 1%.Trading Economics forecasts Japan's S&P global composite PMI for July to rise to 53.1 and global services PMI to ease to 51.9. Singapore's July global PMI will likely ease to 57.China and India will also see July services and composite PMI reports from S&P and HSBC.Elsewhere, Singapore's retail sales may increase at a faster rate of 4.8% year over year in June from 3% in May, according to a Trading Economics estimate.Thailand and the Philippines will report inflation figures.Meanwhile Barclays is forecasting a second-quarter GDP growth of 5.7% for Indonesia, the WSJ reported.THURSDAY, AUG. 6ING economists expect inflation in Taiwan to ease to 2.4% year over year in July.The Philippines will release industrial production data.FRIDAY, AUG. 7China is projected to see a trade surplus of $112.6 billion in July, according to experts at ING. Exports and imports are expected to rise 28.1% and 33.6%, respectively, year over year.Trade will be driven primarily by technology niches, according to ING.Taiwan's trade surplus is forecast to increase to $15.2 billion by ING economists, with exports and imports rising 43.6% and 56.4% year over year.Thailand will report consumer confidence data on Friday, while the Philippines will release GDP numbers for the second quarter.SUNDAY, AUG. 9Trading Economics forecasts China's inflation rate to ease to 0.9% in July, meanwhile annual producer inflation is expected to accelerate to 4.3%.
Chinese shares were down on Monday amid an unexpected easing in the country's manufacturing sector.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.6% lower to 3,809.66. The Shenzhen Component Index slid 1.0% to 13,448.29.Appetite for Chinese equities waned as operating conditions across China's manufacturing sector eased in July, with the headline RatingDog China General Manufacturing Purchasing Managers' Index, compiled by S&P Global, coming in at 50.9.The latest reading, which provides a gauge of factory sector conditions, was below the 51.7 recorded in the previous month and market expectations of 51.9 tracked by Investing.com.On the regulatory front, China's State Administration of Foreign Exchange will expedite the opening up of the country's foreign exchange market and boost cross-border investment in the second half of the year.In company news, Suzhou Zelgen Biopharmaceuticals (SHA:688266) posted first-half attributable net profit of 640.0 million yuan, compared with loss of 72.8 million yuan the previous year. Shares of the pharmaceutical company fell 11% Monday.
Hong Kong Chief Executive John Lee on Sunday met China Securities Regulatory Commission chairman Wu Qing to discuss expanding cross-border market connectivity ahead of Monday's launch of the RMB-denominated Government Bond Futures, according to a same-day Hong Kong government press release.The RMB-denominated product provides offshore investors with an effective risk management tool and aims to attract long-term international capital to participate in the Mainland bond market.Lee said the launch is a "key step" in strengthening the RMB ecosystem and Hong Kong's offshore RMB business hub status.
China's State Administration of Foreign Exchange will expedite the opening up of the country's foreign exchange market and boost cross-border investment in the second half of the year, according to a statement released Sunday following its work conference.SAFE will also promote international e-commerce, foreign exchange settlement optimization for service trade, and enhanced intermediate goods trading, the administration said.China will also centralize its operational policy for domestic and foreign currency cross-border funds for multinational companies, oversee the administration of foreign exchange loans, and expand connectivity among financial markets.
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