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Shenzhen Composite Index

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844 stories mentioning Shenzhen Composite IndexUpdated 3h ago

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

Asia

Market Chatter: Chinese Electric Truck Startup Seeks US SPAC Listing, CEO Says

Chinese electric lorry start-up Windrose Electric is looking to list its shares in the U.S. through a special purpose acquisition company at a value of at least $2 billion, the Financial Times reported Wednesday, citing an interview with CEO Wen Han.Windrose is seeking to raise more than $200 million through a SPAC merger by the end of 2026, the newspaper said, citing Wen.The company aims to dominate the electric truck market, Wen said in the interview with FT.(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 to Deepen World Bank Cooperation, Shift Focus to Knowledge

China will strengthen cooperation with the World Bank on global challenges, with greater emphasis on knowledge-sharing, state media Xinhua News reported Wednesday, citing a finance ministry official.While advancing domestic high-quality development, Beijing will support developing countries' common prosperity, the official added.Separately, the World Bank has proposed gradually ending new lending to China by 2031, limiting financing to $2 billion through that date. The World Bank's board plans to review the initiative during the seven days beginning July 20.The official said World Bank lending to China has naturally declined in recent years amid the country's rising national strength, reflecting a normal evolution in bilateral cooperation consistent with international practice.

Shanghai Composite^SZSE
Asia

China Shares Down in Thursday Open as Resale Home Prices Fall Faster, US Probe on Clinical Trials

Chinese shares opened lower on Thursday as resale home prices continued to decline and amid a U.S. probe into Chinese clinical trials.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 1.4% lower to 4,054.09. The Shenzhen Component Index fell 2.4% to 15,729.92.Resale home prices across 100 cities in China fell 0.42% month over month to 12,639 yuan per square meter in June, quickening from the 0.32% contraction logged in May, according to the China ​Index Academy.New home prices in 100 Chinese cities slid 0.16% month over month to 17,184 yuan per square meter, matching the pace in May.Meanwhile, A U.S. congressional committee on China has launched investigations into whether five major pharmaceutical companies conducted clinical trials in China that may have supported Chinese military capabilities.

Shanghai Composite^SZSE
Asia

Update: Market Chatter: US Committee Launches Probe Against Five Drugmakers Over China Clinical Trials

(Updates to add Eli Lilly comment in the fourth paragraph)A US congressional committee on China has launched investigations into whether five major pharmaceutical companies conducted clinical trials in China that may have supported Chinese military capabilities, according to a Reuters report on Tuesday, citing sources.The chair of the U.S. House Select Committee ​on China opened national security investigations into drugmakers, including Merck, AbbVie, Eli Lilly, Pfizer, and Bristol Myers Squibb, the report said.According to letters quoted in the report, the inquiry focuses on due diligence, data protection, and trial locations, including sensitive sites like Xinjiang and military hospitals. Republican Representative John Moolenaar of Michigan has asked for details of the due diligence by July 17.An Eli Lilly representative, in an email response to' request for comment, said the company "is reviewing closely" the letter it received from the House Select Committee on China.Meanwhile, Merck, AbbVie, Pfizer, and Bristol Myers Squibb did not immediately respond to' request for a 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^SZSEBOM:500680NSE:PFIZER
Asia

Fitch Sees AI, Private Credit, Sovereign Risk as Main Themes for Asian Investors

Institutional investors across Asia consider AI disruption, private credit growth, and sovereign risk as major credit risk drivers, Fitch Ratings said in a recent release.Overspending in AI and digital infrastructure has become a main theme for investors, as it introduces completion risk, high capital expenditure, and pricing pressure, Fitch said.While AI increases efficiency gains, it also carries risks from labor displacement and declining tax bases, mainly in developed markets, the rating agency said.For private credit, heightened asset competition and opacity risks due to the use of layered finance structures could muddy leverage and creditor positioning, Fitch said.Investors call for stronger oversight in private credit, especially in terms of rating criteria and market practices, according to Fitch.The rating agency also sees lingering macroeconomic volatility due to Gulf tensions and supply chain disruption, with a proposed peace deal moving focus to the conflict's residual and indirect effects.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE
Asia

China Shares Close Mixed as Manufacturing Growth Eases, Home Resale Prices Slip; YTO Express Surges 10%

Chinese shares closed mixed on Wednesday as the manufacturing sector's expansion eased to a three-month low and home resale prices declined.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.4% higher to 4,112.46. The Shenzhen Component Index slid 0.5% to 16,119.17.China's manufacturing output expanded for a seventh straight month in June, though the pace slowed to a three-month low. The manufacturing sector expanded at a slower pace last month as the headline RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, eased to a three-month low of 51.7.Resale home prices across 100 cities in China fell 0.42% month over month to 12,639 yuan per square meter in June, quickening from the 0.32% contraction logged in May.Meanwhile, sources said the World Bank plans to gradually end new lending to China by 2031, limiting financing at $2 billion through that date. 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.In company news, YTO Express (SHA:600233) forecasts an up to 86% rise in first-half profit amid improvements in the operating environment. Shares of the logistics company closed 10% higher Wednesday.

Shanghai Composite^SZSESHA:600233
Asia

China Eyes Increased Liquidity Support for Securities Firms, NBFIs, S&P Says

Heightened regulatory oversight of China's securities firms and other nonbank financial institutions (NBFIs) signals the sector's growing role within the broader financial system, S&P Global Ratings said in a recent release.The country's central bank has proposed a liquidity support instrument for these sectors in case of stress, which S&P views as a way to boost financial stability beyond banks.The proposal could raise securities firms' liquidity amid market shocks and move the Chinese central bank closer to the way other central banks handle market stress, S&P said.The rating agency expects securities firms with better balance sheets and established bond market franchises to qualify better for support.

Shanghai Composite^SZSE
Asia

UK to Boost Service Exports to China

The U.K. is looking to increase services exports to China through a "trade booster" initiative that will be discussed during the 15th UK-China Joint Economic and Trade Commission, or JETCO, on July 2, the U.K. government said Monday.HSBC (HKG:0005), JD.com (HKG:9618), and Industrial and Commercial Bank of China (HKG:1398, SHA:601398) are among the 200 businesses joining JETCO.While the U.K. is the second-largest services exporter worldwide, China is only the ninth-largest service export destination, the U.K. government said.

Hang SengShanghai Composite^SZSEHKG:0005HKG:1398HKG:9618SHA:601398
Asia

AI Demand, Hormuz Reopening Stabilize Credit Conditions for Asia-Pacific Sectors, S&P Says

S&P Global Ratings expects a stable credit environment for Asia-Pacific sectors amid solid AI demand and the reopening of the Strait of Hormuz, according to a Wednesday release.A drop in headline oil prices provides some relief to the region, which is a net energy importer, and offers upside growth potential, S&P's Asia-Pacific head of credit research, Eunice Tan, said.The region's issuers showed a net rating outlook bias of -2% as of May, improving from -3% in March, S&P said.AI demand anchors the region's tech and upstream electronics producers, with resulting growth offering a buffer against energy shocks, the rating agency said.However, second-order shocks could lead to a mixed recovery, with a slow turnaround in non-energy flows adding pressure on input costs and protracting disruptions for petrochemicals, agriculture, transportation, and manufacturing, Tan said.A notable decline in AI-related optimism or heightened geopolitical tensions could also quickly hit financing conditions, S&P said.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE
Asia

Chinese Resale Home Prices Slide Faster in June, China Index Academy Survey Says

Resale home prices across 100 cities in China fell 0.42% month over month to 12,639 yuan per square meter in June, quickening from the 0.32% contraction logged in May, the China ​Index Academy said in a survey released Wednesday.New home prices in 100 Chinese cities slid 0.16% month over month to 17,184 yuan per square meter, matching the pace in May, the survey said.

Shanghai Composite^SZSE
China's Manufacturing Activity Slows to Three-Month Low, RatingDog Says
US Markets

China's Manufacturing Activity Slows to Three-Month Low, RatingDog Says

China's manufacturing sector growth slowed in June to a three-month low despite new orders increasing for the 13th straight month, according to data released by S&P Global on Wednesday.The headline RatingDog China General Manufacturing Purchasing Managers' Index, or PMI, compiled by S&P Global, eased to a three-month low of 51.7 from 51.8 in the previous month and missed the 51.9 market expectation tracked by Investing.com.A reading above 50 indicates an expansion in sector performance compared with the prior month, while a figure below signals a contraction.The June reading remained above the long-run survey trend of 50.8 since 2004, RatingDog said in its note.The increase in new orders for the thirteenth consecutive month helped with manufacturing production, which expanded for a seventh straight month,However, the pace eased to a three-month low, RatingDog Founder Yao Yu said in a statement.Manufacturers also increased staffing levels for the first time in three months in June, and job creation saw the strongest growth since August 2023.Despite the increase in manpower, backlogs still rose for the fifth consecutive month, and manufacturers were still able to increase inventories of finished goods for three months and counting.The private PMI reading, when taken together with Tuesday's official releases, could show consistency with a pick-up in economic momentum, Bloomberg reported Wednesday, citing Capital Economics' China Economics head Julian Evans-Pritchard.The official PMI came in at 50.3, rising from a neutral mark of 50 in the month-ago period, the National Bureau of Statistics said Tuesday.China's NBS measured manufacturing PMI for the computer, communication, and electronic equipment segment at 54 in June, Statistician Huo Lihui said in a press release Tuesday.The increase in the PMIs "has been heavily dependent on exports and AI-related tech," Bloomberg quoted Evans-Pritchard as saying.The overconcentration on AI has been "limiting the net contribution to real economic growth," Nomura economists said in a different note released Tuesday."However, this export surge was largely concentrated in AI-related sectors, which simultaneously drove higher imports,Business sentiment remained positive but softened to its lowest level since January, Yao said.

Shanghai Composite^SZSE
Asia

Market Chatter: TikTok Reaches Settlement in Florida Addiction Lawsuit

Short video platform TikTok reached a settlement in an addiction lawsuit involving a 15-year-old teenager in Florida, according to NBC News on Wednesday, citing a lawyer for the plaintiff.The teenager, only named in court filings as R.K.C., accused the social media platform, along with Meta, Google's YouTube and Snap, of having addictive platform designs through autoplay and scrolling, the report said.YouTube settled with the teen last week, while Meta and Snap are expected to stand in trial at the Los Angeles County Superior Court, which will start July 27, according to the media outlet.TikTok, YouTube, Meta and Snap did not respond to' request for comment yet.(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: China to Loosen Oil Export Restrictions Beginning in July

China has relaxed restrictions on oil exports after it safeguarded its supply following the war in the Middle East, Bloomberg reported Tuesday, citing people familiar with the matter.The Commerce Ministry already allowed state-owned refiners to export oil to a wider range of countries than initially allowed, beginning in July, the report said.Sinopec (HKG:0386, SHA:600028), China's largest refiner, and the Commerce Ministry have not yet responded 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^SZSEHKG:0386SHA:600028
Asia

Market Chatter: US Committee Launches Probe Against Five Drugmakers over China Clinical Trials

A US congressional committee on China has launched investigations into whether five major pharmaceutical companies conducted clinical trials in China that may have supported Chinese military capabilities, according to a Reuters report on Tuesday, citing sources.The chair of the U.S. House Select Committee ​on China opened national security investigations into drugmakers, including Merck, AbbVie, Eli Lilly, Pfizer, and Bristol Myers Squibb, the report said.According to letters quoted in the report, the inquiry focuses on due diligence, data protection, and trial locations, including sensitive sites like Xinjiang and military hospitals. Republican Representative John Moolenaar of Michigan has asked for details of the due diligence by July 17.The five mentioned drug companies, Merck, AbbVie, Eli Lilly, Pfizer, and Bristol Myers Squibb, did not immediately respond to' request for a 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^SZSEBOM:500680NSE:PFIZER
Asia

Fitch Says Asia Investors Eye AI, Private Credit, Sovereign Risks

Fitch Ratings said institutional investors across Asia are increasingly focused on risks related to artificial intelligence, private credit and sovereign credit, according to a Tuesday press release.The ratings agency said investors are closely monitoring rising spending on AI infrastructure, execution risks and pricing pressure.It warned that rapid adoption of artificial intelligence could displace workers and erode tax bases, particularly in developed markets.Fitch said investors also remain concerned about intensifying competition and limited transparency in private credit, particularly in the U.S. middle-market lending sector.However, it does not expect the asset class to pose a systemic risk on its own.On sovereigns, Fitch said investors are assessing Indonesia's policy credibility, fiscal transparency and the role of its new sovereign wealth fund, Danantara, while continuing to view Japan and South Korea as relatively resilient despite longer-term fiscal and structural challenges.The agency added that geopolitical tensions in the Gulf continue to pose downside risks, although the direct credit impact has so far been modest.

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Asia

Market Chatter: US to Restrict Imports of Foreign-Made Inverters Over Interference Concerns

The U.S. Federal Communications Commission is looking to restrict imports of inverters connecting solar projects and batteries to the grid amid concerns China could use the devices to interrupt power supplies, Reuters reported Tuesday, citing five people with knowledge of the matter.The FCC's rules could go live as early as this year and would apply to new models, the report said.The administration of U.S. President Donald Trump rekindled the proposal after the European Union made a similar decision, Reuters said.The FCC 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

FCC to Vote on Blocking Sales of US Devices with Parts from Blacklisted Firms

The U.S. Federal Communications Commission will vote to bar the sale of devices in the country that contain components from blacklisted companies, Chairman Brendan Carr said in a blog post Tuesday.The FCC measure will "close a loophole" and "protect Americans from electronic devices that have been determined to pose unacceptable risks to the national security of the United States," Carr said in his post.The commission keeps a list of entities whose equipment are not allowed for sale in the U.S., among them Huawei Technologies, due to national security concerns, Reuters reported separately.However, FCC regulations do not prohibit U.S. sales of smartphones that contain chips, for instance, of Huawei chip unit HiSilicon, according to the news agency.Huawei did not immediately respond to a request for comment from.

Shanghai Composite^SZSE
Asia

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

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.China's embassy in the U.S. 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

China Sees Mixed Trade as Manufacturing Expansion Slows

Chinese shares opened mixed on Wednesday as the manufacturing sector continued to expand albeit at a slower pace.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.1% lower to 4,090.76. The Shenzhen Component Index rose 0.1% to 16,226.98.China's manufacturing output expanded for a seventh straight month in June, though the pace slowed to a three-month low.The manufacturing sector expanded at a slower pace last month as the headline RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, eased to a three-month low of 51.7.The latest reading, which provides a gauge of factory sector conditions, compared with 51.8 recorded in the previous month and missed the 51.9 market expectation tracked by Investing.com.

Shanghai Composite^SZSE
International

China's Factory Activity Growth Eases in June, RatingDog Survey Shows

China's manufacturing sector expanded at a slower pace in June as the headline RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, eased to a three-month low of 51.7, according to data released on Wednesday.The latest reading, which provides a gauge of factory sector conditions, compared with 51.8 recorded in the previous month and missed the 51.9 market expectation tracked by Investing.com.A reading above 50 indicates an expansion in sector performance compared with the prior month, while a figure below signals a contraction.The manufacturing sector completed its strongest quarter since the fourth quarter of 2020, supported by sustained growth in new orders, easing cost pressures and a rebound in employment.Manufacturing output expanded for a seventh straight month, though the pace slowed to a three-month low.The employment index returned to growth for the first time in three months, with job creation reaching its fastest pace since August 2023. Business sentiment remained positive but softened to its lowest level since January.

Shanghai Composite^SZSE

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