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Shenzhen Composite Index

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844 stories mentioning Shenzhen Composite IndexUpdated 2h ago

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

Asia Markets

China Shares Open Higher; Markets Still Cautious Ahead of June Inflation Report

Chinese shares opened higher on Wednesday, clawing back gains from the previous day's losses, but the market remained cautious ahead of the release of China's inflation data.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.2% higher to 3,996.81. The Shenzhen Component Index rose 0.3% to 15,269.82.Investors are awaiting the Thursday release of China's consumer price index and producer price inflation reports for June. Analysts expect June inflation to cool to 1.1% year over year from the 1.2% recorded in the previous month, according to a consensus estimate from Trading Economics.Meanwhile, the Chinese yuan is moving towards a portfolio integration phase, with institutions increasingly relying on the currency for trade, investment, financing and reserve management. According to a survey of 120 institutions by HSBC, 66% of respondents said they were allocating to RMB assets for diversification benefits.

Shanghai Composite^SZSE
International

China's Logistics Business Activity Rises in June

The logistics business activity index rose to 50.6% in June from 50.3% a month earlier, Xinhua reported Sunday, citing data from the China Federation of Logistics and Purchasing.Nine of the 12 sub-indices stayed above the neutral threshold, and the business volume and new order indices posted an increase from the previous month, the report said.The electronic and mechanical equipment, telecommunications and transportation equipment, and energy-saving home appliances led the increases among sectors that rose within the manufacturing logistics, according to the media outlet.

Shanghai Composite^SZSE
International

China's Parcel Volume Crosses 100 Billion Mark Earlier Than Last Year

China's express delivery industry handled over 100 billion parcels by the end of June, reaching the threshold nine days ahead of the previous year's pace, according to state media Xinhua.The State Post Bureau attributed the accelerated growth to a string of consumption-boosting policies rolled out since the start of the year, which have revitalized household spending and reshaped consumption patterns.Behind the surge is a broader push toward greener logistics. Industry-wide packaging standardization now stands at 86%, with recycled cartons deployed more than 1.6 billion times. The sector has also put over 75,000 new-energy vehicles on the road.

Shanghai Composite^SZSE
Asia

China Proposes Amendments to E-Commerce Law

The Chinese government proposed amendments to its e-commerce law for consultation to add more responsibilities for platform operators and amend fines, the State Administration for Market Regulation said Saturday.China also proposed other changes, such as enhanced oversight of online and offline business operations, expanded legal regulation, curbing illegal activities, and deepening international e-commerce open cooperation.

Shanghai Composite^SZSE
Asia

PBOC Conducts 1 Trillion-Yuan Outright Reverse Repo Operation

The People's Bank of China on Monday is conducting a 1 trillion-yuan outright reverse repo operation to maintain ample liquidity in the banking system, state media Xinhua News reported during the weekend.The operation, which has a three-month tenor and matures Oct. 5, will be conducted via interest-rate bidding.

Shanghai Composite^SZSE
Asia

China Plans to End Vehicle Tax Breaks for NEVs in 2027

China plans to abolish the annual vehicle tax breaks for new energy vehicles and energy-saving cars in 2027, according to a Saturday announcement from the Ministry of Finance.The ministry made the announcement with the State Taxation Administration and the Ministry of Industry and Information Technology.The policy of exempting pure electric vehicles, plug-in hybrid cars ad fuel cell commercial vehicles from vehicle taxes will cease starting Jan. 1, 2027.The government said the decision will help ensure fairness and boost the role of taxation in income distribution.

Shanghai Composite^SZSE
Asia

China's Securities Regulator Proposes Amendments to Private Placement Rules

China's securities regulator on Friday proposed amendments to make it easier for listed companies to raise capital via private placements.Under the revisions, eligible companies will be able to undertake multiple private placements using a single shelf registration. The amendment is meant to reduce market disruption from a large, one-off fundraising, the China Securities Regulatory Commission said.The securities regulator also proposed raising the cap for small-scale fast-track financing by companies listed on the Shanghai and Shenzhen stock exchanges to 600 million yuan from 300 million yuan.Among the revisions was also a proposal to strengthen the regulatory requirements for convertible bond issuance.The draft is open for public comment, the regulator said.

Shanghai Composite^SZSE
Asia

China Shares Open Higher as PBOC Injects 1 Trillion Yuan Into Banking System

Chinese shares opened higher on Monday amid plans of the country's central bank to inject 1 trillion yuan into the banking system.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.4% higher to 4,059.19. The Shenzhen Component Index climbed 0.5% to 15,677.93.The People's Bank of China will conduct a 1 trillion-yuan outright reverse repo operation to maintain ample liquidity in the banking system.The operation has a three-month tenor, with a maturity date of Oct. 5.

Shanghai Composite^SZSE
Asia

China Shares Rise Amid Agreement on Farm Products Tariff Cuts; Hybio Pharmaceutical Surges 8%

Chinese shares rose on Friday as Beijing and Washington agreed to cut tariffs on agricultural products.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.4% higher to 4,043.64. The Shenzhen Component Index climbed 0.6% to 15,597.51.Commerce Ministry Spokesperson He Yadong said China and the U.S. have agreed "in principle" to reduce tariffs on agricultural products following recent trade talks, with the two countries setting objectives to grow two-way agricultural trade.Meanwhile, business activity across China's private sector rose at a softer pace in June, with the headline RatingDog China Composite Output Index, compiled by S&P Global, coming in at 53.6 from 54 the previous month.The private service sector saw an expansion in business activity last month, with the headline RatingDog China General Services Business Activity Index coming in at 54.1. This beat the consensus forecast of 53 tracked by Investing.com, and compared with the 54.4 recorded in the previous month.In company news, Hybio Pharmaceutical (SHE:300199) obtained domestic production approval from China's drug regulator for its liraglutide (H) injection for type two diabetes glycemic control. Shares of the pharmaceutical company closed 8% higher Friday.

Shanghai Composite^SZSE
Asia

Market Chatter: China Steel Mills Told to Refuse Iron Ore Deliveries from Fortescue

Chinese iron ore purchaser China Mineral Resources Group, or CMRG, called on domestic steel mills not to accept deliveries of iron ore products from Australia's Fortescue (ASX:FMG), Reuters reported Thursday, citing five people with knowledge of the matter.Fortescue's Super Special Fines and Fortune ​Fines are said to be lower-grade iron ore products, the report said.The move is seen as CMRG's way to control the entry of iron ore into the Chinese market, Reuters said.Fortescue 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^SZSEASX:FMG
Asia

Sales of Chinese NEVs Rise 22% in June, CPCA Says

Sales of Chinese new energy vehicles rose 22% year over year to more than 1.5 million units in June, according to preliminary figures from the China Passenger Car Association released Thursday.The increase was attributable to higher oil prices, improved supply conditions and stronger exports, the association said.BYD's (HKG:1211, SHE:002594) sales reached 397,292 units, topping the association's list.Geely's (HKG:0175) sales were at 158,849 during the period, while Chery Automobile's (HKG:9973) were at 106,900.Tesla's sales reached 89,091 units during the period.

Shanghai Composite^SZSEHKG:0175HKG:1211HKG:9973SHE:002594
Asia

China, US Aim Tariff Cuts on Farm Products

China and the U.S. have agreed "in principle" to reduce tariffs on agricultural products following recent trade talks, Commerce Ministry Spokesperson He Yadong said in a Thursday press briefing.Both Washington and Beijing have set objectives to grow two-way agricultural trade, the spokesperson said."China is willing to work with the United States to create favorable conditions for bilateral agricultural trade," He Yadong said during the press conference.Beijing committed to purchase at least 25 million tons of farm products worth $17 billion from the U.S., including soybeans.

Shanghai Composite^SZSE
China's June Private Sector Growth Moderates as Services Activity Softens, RatingDog Survey Shows
US Markets

China's June Private Sector Growth Moderates as Services Activity Softens, RatingDog Survey Shows

Overall business activity across China's private sector expanded at a slightly softer pace in June, with the headline RatingDog China Composite Output Index falling to 53.6 from 54 in May.The index, compiled by S&P Global and published Friday, deviated from the official government composite PMI released by the National Bureau of Statistics, which edged up to 50.6 from 50.5 the previous month.The RatingDog China General Services Business Activity Index slipped slightly to 54.1 from 54.4 in May, according to the same S&P survey on Friday. In comparison, the official state non-manufacturing PMI barely rose from the neutral line, coming in at 50.2 in June from 50.1 in May.S&P survey respondents attributed higher services activity to increased new businesses, stronger client demand, acquisition of new clients and more project developments. The survey also indicated that cost pressures eased since May.New business volumes increased in June amid a boost in demand, including in international markets, which prompted firms to hire more manpower. Employment rose to its strongest level since July 2024Services exports grew to its quickest rate since October 2024.On the manufacturing side, factory activity slowed to a three-month low, with the RatingDog China General Manufacturing PMI sliding to 51.7 in June from 51.8 in May as new order growth eased, according to earlier data.This still outperformed the official government manufacturing PMI, which returned to growth at 50.3 from a flat 50.0 in May."Total new business increased for the forty-second consecutive month, with growth decelerating slightly while remaining at a firm level, supported by domestic demand," RatingDog founder Yao Yu said."A notable positive signal came from external demand, as new export business expanded at the fastest pace so far this year, reinforcing the trend of improvement in overseas orders."In a June 30 note, ING's chief economist for Greater China, Lynn Song, said policy support should be strengthened as domestic retail demand experiences volatility."It seems increasingly clear that the domestic demand engine of growth is sputtering, and further policy support would be beneficial and help avoid an increasingly unbalanced growth profile," Song said.

Shanghai Composite^SZSE
Asia

Market Chatter: China's Private Refiners Increase Middle East Crude Buying After Hormuz Traffic Improves

Private refiners in China have increased their purchases of cheaper Middle Eastern oil after traffic increased on the Strait of Hormuz, Bloomberg News reported Friday.Rongsheng Petrochemical (SHE:002493) bought crude oil from Saudi Arabia for July delivery, while Shandong Chambroad Petrochemicals purchased Iraq's Basrah crude for August arrival. Shenghong Petrochemical also acquired Upper Zakum crude from the United Arab Emirates, the report cited traders with knowledge of the matter.Several Saudi and Iraqi crude cargoes were sold to China on a delivered basis at discounts of up to $5 a barrel to Brent futures, the report said.Rongsheng Petrochemical, Shandong Chambroad Petrochemicals, and Shenghong Petrochemical did not immediately reply to' request for comment.Shares of Rongsheng Petrochemical added nearly 4% in recent trade.(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^SZSESHE:002493
Asia

China's Londian Wason New Energy Tech Files for US IPO

Chinese copper foil maker Londian Wason New Energy Tech filed for an initial public offering in the U.S. on Thursday, according to a registration statement filed with the U.S. Securities and Exchange Commission.The company intends to list on the New York Stock Exchange but did not disclose the size or pricing of the proposed offering.Londian Wason'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.

Shanghai Composite^SZSE
International

RatingDog China Composite PMI Falls From Three-Month High

Business activity across China's private sector rose at a softer pace in June, with the headline RatingDog China Composite Output Index, compiled by S&P Global, coming in at 53.6 from 54 the previous month, according to data released on Friday.A reading above 50 indicates an overall expansion in private sector activity, while a figure below signals a contraction.The latest print, which aggregates combined performance figures across both the manufacturing and service sectors, eased from the three-month high recorded in May. Manufacturing PMI slowed to a three-month low of 51.7 in June from 51.8 in May, while services PMI likewise eased to 54.1 from 54.4.The performance was in contrast with the official government composite PMI released earlier this week, which rose to a six-month high of 50.6 from 50.5 the previous month.

Shanghai Composite^SZSE
International

RatingDog China Services PMI Slows Marginally in June

Business activity across China's private service sector expanded in June, with the headline RatingDog China General Services Business Activity Index, compiled by S&P Global, coming in at 54.1, according to data released on Friday.The latest reading beat the consensus forecast of 53 tracked by Investing.com, and compared with the 54.4 recorded in the previous month.The monthly momentum was primarily driven by increased new business, stronger client demand, and the successful development of projects, S&P Global said.Separately, the official government non-manufacturing PMI edged up to 50.2 in June from 50.1 in May, marking a second consecutive month of expansion for the broader index.

Shanghai Composite^SZSE
Asia

China Shares Open Mixed as Tech Selloff Lingers

Chinese shares opened mixed on Friday as the market digested the tech selloff from the previous session.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.1% higher to 4,031.34. The Shenzhen Component Index declined 0.1% to 15,480.12.The tech selloff that started with US semiconductor stocks hit Chinese markets on Thursday. What began as a correction to overblown AI hype has broadened into a general risk-off move, with AI-related shares bearing the brunt.Meanwhile, a finance ministry official signaled China's interest in boosting World Bank collaboration on shared challenges, particularly through knowledge-sharing, following news that the Bank intends to wind down new lending to China by 2031, restricting financing to $2 billion through that date.

Shanghai Composite^SZSE
Asia

Update: Market Chatter: World Bank to Cut Off China Loans by 2031

(Updates to add comment from a spokesperson for China's embassy in the U.S. in the last paragraph)The World Bank plans to gradually end new lending to China by 2031, limiting financing at $2 billion through that date, Reuters reported Wednesday, citing sources familiar with the plan.While no formal vote is mandated, the World Bank's board plans to review the initiative during the seven-day period beginning July 20, according to the report.This decision, part of a new five-year partnership framework, reflects China's transformation into the world's second-largest economy, Reuters wrote. Annual lending to China has already fallen to $750 million in 2025 from $2.4 billion in 2017.A World Bank official said China's development in recent decades is "significant," and the institution is now transitioning to a renewed relationship recognizing this evolved reality, according to the report.A spokesperson for China's embassy in the U.S., in an emailed response to' request for comment, said that "the scale of World Bank lending to China has gradually declined in recent years," which resulted from the changes in domestic demand and cooperation between China and the World Bank.As it looks ahead, "China will continue to strengthen cooperation with the World Bank in addressing global challenges," according to the spokesperson.(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

Tech Selloff Pulls Down China Shares; Far East Smarter Energy Falls 8%

Chinese shares closed lower on Thursday amid a global selloff of chip and semiconductor stocks..The Shanghai Composite Index, the main gauge of Chinese stocks, closed 2.0% lower to 4,028.90. The Shenzhen Component Index fell 3.9% to 15,498.81.The semiconductor-driven downturn that originated on Wall Street spread into the Chinese tech market, with the SSE STAR 50 Index (SSE:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, falling 8%.The overseas selling pressure likely stems from an unwinding of overcrowded positions in the AI hardware segment, Jiemian News reported. Earlier market enthusiasm over AI had fueled excessive speculation, and the current pullback reflects a broader shift toward risk-off behavior, with AI-related stocks bearing the brunt of the selloff.Meanwhile, a finance ministry official said China will strengthen cooperation with the World Bank on global challenges, with greater emphasis on knowledge-sharing. While advancing domestic high-quality development, Beijing will support developing countries' common prosperity, the official added.In company news, Far East Smarter Energy (SHA:600869) and its subsidiaries won contracts worth a total of 1.73 billion yuan in June. Shares of the wire and cable manufacturer fell 8% Thursday.

Shanghai Composite^SZSESHA:600869

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