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Shenzhen Composite Index

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844 stories mentioning Shenzhen Composite IndexUpdated 6h ago

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

Asia

Tech Rally Continues to Drive Chinese Shares; AMEC Shares Jump 4%

Chinese shares again rose on Thursday, driven by a rally in technology stocks stemming from U.S. memory chipmaker Micron Technology's upbeat outlook.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 4,120.28. The Shenzhen Component Index jumped 1.8% to 16,344.08.The SSE STAR 50 Index, the benchmark for the 50 largest science and technology companies on the Shanghai bourse, closed 4% higher on the back of optimism over the sustained demand for artificial intelligence-related chips.Micron, which supplies Nvidia's AI chipsets, on Wednesday issued quarterly guidance well above Wall Street estimates and disclosed US$22 billion in customer commitments to lock in memory chip inventories, Reuters reported. The news sent its stock soaring 12% after hours.The bullish forecast reinforced the view that AI-driven memory chip demand remains resilient, despite lingering jitters over heavy AI infrastructure outlays, according to the report.Meanwhile, China's Ministry of Commerce rolled out new regulations for investigating industrial and supply chain security, in a bid to protect global supply chain stability. The 22-article framework lays out scope, procedures, and remedies for security probes, giving businesses a transparent rulebook to follow.In company news, Advanced Micro-Fabrication Equipment China (SHA:688012), or AMEC, raised net proceeds of approximately 1.49 billion yuan from a share placement, which is part of the company's plan to acquire 64.69% of AMEC Zhonggui (Hangzhou) Electronic Technology. Shares of the chip gear maker closed 4% higher Thursday.

Shanghai Composite^SZSESHA:688012
Asia

Chinese Retailers Turn to Private-Label Goods for Growth, S&P Says

China's top 100 chain stores will see private-label products account for as much as 20% of their high-turnover consumer goods inventory within the next eight years, S&P Global Ratings said Thursday.The shift has accelerated due to value-conscious shoppers, with private-label goods averaging 16% cheaper than branded names last year, S&P said, citing consumer research firm NielsenIQ.Still, store brands yielded gross margins between 8% and 15% higher than national brands, according to the data.Retailers boost margins by lessening middlemen and removing brand premiums, while also focusing on product quality despite the lower price tags, the rating agency said.Private labels, which used to be cheap substitutes, are now tools for retailers to build profitability and drive market share growth, according to S&P.However, the trend will benefit retail giants with established supply chains more, while smaller operators face a competitive disadvantage, S&P said.

Shanghai Composite^SZSE
Asia

Market Chatter: Qualcomm Eyes Developing US-Compliant Data Center Lineup in China

Nasdaq-listed Qualcomm considers marketing its data center products in China, developing chips that would be compliant with U.S. export controls, Nikkei Asia reported Thursday, citing the company's chief executive officer.The statement came as the U.S. chipmaker vies to rival Nvidia with the launch of its Dragonfly data center chip lineup at the company's investor day in New York. Dragonfly's product lines comprise artificial intelligence accelerators, data center CPUs, custom silicon and connectivity chips, the report said.CEO Cristiano Amon told Nikkei that Qualcomm is working to bring the Dragonfly lineup to China, with AI accelerators designed for the Chinese market that are compliant with U.S. export laws, according to the media outlet.Amon said the data center processor's design, dubbed high bandwidth compute or HBC, will enable data center chips deliver six times the bandwidth per watt compared to high bandwidth memory or HBM chips, which are currently manufactured by South Korea's Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), Nikkei 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^SZSEKRX:000660KRX:005930
Asia

China Central Bank to Launch Overnight Reverse Repo Operations

The People's Bank of China will conduct overnight reverse repurchase operations on June 29 and 30, according to a note by the central bank released Thursday.China's central bank will offer the overnight reverse repos at a fixed rate.The new overnight reverse repo rate will be added to the central bank's 1.4% seven-day reverse repo rate, Bloomberg reported separately.

Shanghai Composite^SZSE
Asia

China Issues Supply Chain Security Rules

China's Ministry of Commerce has rolled out new regulations for investigating industrial and supply chain security, in a bid to protect global supply chain stability, state media Xinhua News reported Wednesday.The 22-article framework lays out scope, procedures and remedies for security probes, giving businesses a transparent rulebook to follow.The ministry said it will enforce the rules lawfully to safeguard Chinese firms' legitimate interests while helping maintain smooth operations across domestic and global supply chains.

Shanghai Composite^SZSE
Asia

China Sees Mixed Open Amid Tech Rally, US Import Probe Fears

Chinese shares opened mixed on Thursday as the market struggled for direction amid a tech rally and concerns over U.S. actions on Chinese imports.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.2% to 4,103.48. The Shenzhen Component Index rose 0.3% to 16,099.76.Tech stocks continued to drive equities as countries with significant tech manufacturing are expected to benefit from an AI-linked tech export boom, S&P Global Ratings said. The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies.Meanwhile, citing national security fears over Chinese dominance, U.S. Commerce Secretary Howard Lutnick said his department is probing state-subsidized robotics imports to the U.S., with strong action likely post-review, Politico reported.

Shanghai Composite^SZSE
Asia

Market Chatter: ByteDance Said in Preliminary Talks for $20 Billion Loan

TikTok owner ByteDance is in early talks for its biggest-ever offshore loan, Bloomberg News reported Wednesday, citing unnamed sources.The Chinese social media conglomerate's three-year new-money loan is expected to be worth roughly $20 billion and would come with the option to extend to five years, the report said. Potential use of proceeds is still unclear.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

Market Chatter: Lutnick Warns of Robotic Arms Race, Vows Action on Chinese Imports

Citing national security fears over Chinese dominance, U.S. Commerce Secretary Howard Lutnick said his department is probing state-subsidized robotics imports, with strong action likely post-review., Politico reported Tuesday.Sources said Lutnick warned executives that "robotic arms are coming" and the U.S. wants to avoid an attack from state subsidized robotics, according to the report. He also stressed the need for American-made production.The Commerce Department 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

AI-Driven Boom to Benefit Tech-Heavy Asia-Pacific Economies, S&P Says

Asia-Pacific economies with significant tech manufacturing will benefit from an AI-linked tech export boom, S&P Global Ratings said Wednesday.The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies, S&P Asia-Pacific chief economist Louis Kuijs said.S&P sees possible upward GDP estimate revisions for markets with solid tech shipments, mainly South Korea and Taiwan, as well as Malaysia, Singapore, and Thailand.Meanwhile, the impact of the energy shock has dampened growth forecasts for India, Japan, New Zealand, and the Philippines, S&P said.The rating agency's forecast for China remains stable as strong export dynamics offset weaker domestic demand.S&P maintained its baseline GDP growth forecasts in the region excluding China at 4.5% for 2026 and 4.4% for 2027.

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Asia

Low-Rate Regime Raises Chinese Insurers' Market Risk Exposure, S&P Says

Chinese insurers will become more sensitive to market volatility as they face reduced returns due to low interest rates, S&P Global Ratings said Wednesday.Insurers turn to high-risk assets amid a low-rate regime, S&P said.Pressure is greater for life insurers, as dampened reinvestment yields lead to narrower spreads and rising asset-liability management constraints, the rating agency said.Property and casualty insurers are also exposed given their earnings' dependence on investment income to pump up underwriting results, according to S&P.The rating agency still views small monetary policy shifts in the next six months.

Shanghai Composite^SZSE
Asia

Chinese Shares Rise on Tech Rally; Genori Technology Surges in Debut

Chinese shares erased earlier losses to end in green on Wednesday, driven by a rally in technology stocks and positive policy signals.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.1% to 4,110.81. The Shenzhen Component Index jumped 1.2% to 16,051.32.The SSE STAR 50 Index (SSE:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, closed 4% higher.Positive global cues included news that South Korea is in discussions with Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) over the next phase of large-scale semiconductor investments.South Korean presidential policy adviser Kim Yong-beom said AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster.Also boosting sentiment was China's action plan to boost and stabilize foreign investments.The plan, signed by the commerce and finance ministries, as well as the National Development and Reform Commission, highlights market access expansion, facilitating and supporting foreign investment, and beefing up investment promotion, among others.In company news, shares of Chongqing Genori Technology (SHA:688797) surged 1,213% versus their initial public offering price of 44.56 yuan on their first day of trading on the Shanghai bourse.

Shanghai Composite^SZSESHA:000688SHA:688797
Asia

Chinese Shares Open Lower on Tech Selloff, Rate Hike Worries

Chinese shares opened lower on Wednesday, driven by a selloff in technology stocks and market expectations that the U.S. Federal Reserve will raise rates.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.4% to 4,090.10. The Shenzhen Component Index slid 0.5% to 15,782.40.Artificial intelligence and chip stocks drove the global tech sector deeper into losses, a slide that originated with heavy losses among South Korea's two largest firms, NBC News reported.Major market-moving technology stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) plunged over 12% at market close on Tuesday.Investor sentiment took an additional hit from SpaceX, which has trended downward for several sessions following its much-hyped June 12 listing, NBC wrote.Also hurting sentiment was rising bets on a Fed interest rate hike. Bank of America now expects rate increases of 75 basis points across September, October and December, marking a reversal from its recent forecast of no change this year.

Shanghai Composite^SZSEKRX:000660KRX:005930
Asia

Survey Finds China Closing In Biotech Research With US, But Still Lacks Quality, Commercial Reach

China is conducting more clinical drug trials than the U.S., but still falls short when it comes to quality and the commercial reach of its biomedical science, according to a survey of U.S. industry and academic leaders.The poll, which was lead by the Cure Innovation Index, found that China was leading when it comes to clinical development and supply chain infrastructure.Meanwhile, the U.S. was found to have advantages in capital formation and commercialization, technology transfer and talent.Out of 117 respondents, 72% said China's biomedical sector is improving faster than the U.S., while 85% said the U.S. lead will last 10 years or less.Moreover, 74% said declining U.S. federal research funding has been the biggest threat to biomedical leadership rather than any single competitive move from China, while 76% forecasted more research and development will move outside the U.S. if the current trends continue.

Shanghai Composite^SZSE
Asia

China Autonomous Driving Company Momenta Passes Listing Hearing in Hong Kong

Chinese self-driving technology company Momenta released its post-hearing information pack Tuesday after passing its listing hearing in Hong Kong.The move brings Momenta closer to its IPO in the city.Momenta plans to use proceeds from its planned IPO to boost research and development, increase artificial intelligence computing and data storage capacity, as well as commercialization of its robotaxi services, joint marketing initiatives, and working capital, according to a near-final prospectus released the same day.Momenta secured approval for its IPO from Chinese authorities, according to a notice by the regulator on Thursday.

Hang SengShanghai Composite^SZSE
Asia

Chinese Shares Fall on Rising Rate Cut Bets;; Jinan Shengquan Falls 10%

Chinese shares fell on Tuesday as investors turned cautious amid rising bets that the U.S. Federal Reserve will raise rates and concerns over subdued domestic consumption following a quiet "618" shopping festival.The Shanghai Composite Index, the main gauge of Chinese stocks, fell 1.4% to 4,106.25. The Shenzhen Component Index plunged 3.2% to 15,854.20.Rising bets on a Fed interest rate hike bore down on investor sentiment.Bank of America now expects rate increases of 75 basis points across September, October and December, marking a reversal from its recent forecast no change this year.Meanwhile, gross merchandise ​value, a measure of sales from e-commerce platforms, stood at 863.6 billion yuan during the mid-year 618 shopping festival that spanned from May 13 to June 18. The recent number was nearly flat compared with last year's ⁠855.6 billion yuan, Reuters reported.In company news, Jinan Shengquan (SHA:605589) will undertake a convertible bond offering of 2.5 billion yuan. Shares of the resin manufacturer slid 10% in recent trade.

Shanghai Composite^SZSESHA:605589
Asia

China Releases New Guidelines to Boost Green Energy Consumption

The Chinese government will set binding targets for the proportions of electric and non-electric energy that should be sourced from renewables, the National Development and Reform Commission said in a circular released Monday.Chinese companies and provinces will be measured according to the percentages of renewable energy consumption every quarter, and non-compliant entities will be required to purchase green electricity certificates, among other guidelines.

Shanghai Composite^SZSE
Asia

China's New Foreign-Funded Enterprises Rise 5.3% in January-May

China posted a 5.3% year-over-year rise to 25,297 in newly established foreign-invested enterprises in the January-May period, state media Xinhua News reported Monday.Actual foreign direct investment (FDI) inflow declined 8.6% to 327.3 billion yuan, although May saw a 5.9% rebound.Manufacturing secured 87.0 billion yuan in FDI, while services attracted 234.2 billion yuan. High-tech industries posted an over 19% growth to 130.1 billion yuan.U.A.E., Malaysia, Switzerland and U.S. investment rose 286%, 109%, 49% and 17%, respectively,

Shanghai Composite^SZSE
Asia

China's Postal Sector Posts 4.3% Growth in Parcels in January-May

China's postal sector handled 89.9 billion parcels in the first five months of 2026, up 4.3% from last year, state media Xinhua News reported Monday.Express deliveries accounted for 82.9 billion parcels, rising 5.2% year over year.Intra-city deliveries fell 8.5% to 5.88 billion parcels, while inter-city deliveries rose 6.4% to 75.2 billion parcels.International express deliveries and parcels to Hong Kong, Macao and Taiwan rose 7.4% to 1.78 billion.

Shanghai Composite^SZSE
International

Chinese Domestic Tourism Spending Increases 4% During Dragon Boat Festival

Domestic tourism spending increased 4% year over year to 44.46 billion yuan during the three-day Dragon Boat Festival, Xinhua News Agency Monday, citing the Ministry of Culture and Tourism.Trips within China rose 4.4% year over year to 124 million.

Shanghai Composite^SZSE
Asia

Market Chatter: Fertilizer Prices Fall to Pre-War Levels on Weak Demand, China's Export Limits

Global urea prices dropped back to prewar levels in June, reversing a surge from $492.50 to $900 per metric ton following the closure of the Strait of Hormuz, Nikkei Asia reported on Tuesday.The decline in fertilizer prices stemmed from lower demand and China's export restrictions, with the Iran-US ceasefire possibly adding to downward price pressure, the report said.Upside price risk remains due to potential bottlenecks in the opening of the strait, the report cited Argus Media as saying.The International Fertilizer Association forecasts global exports to reach just above 200 million tons this year, the report said.The price floor will depend on Chinese policy and European production costs, with full market stabilization possibly taking up to a decade, the report cited analysts as saying.(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.)

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