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Shenzhen Composite Index

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844 stories mentioning Shenzhen Composite IndexUpdated 7h ago

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

Asia

Market Chatter: China Prepares New Terminal to Receive Gas Exports From Sanctioned Russian Project

China's state-owned pipeline giant PipeChina is preparing the newly built Longkou liquefied natural gas terminal to handle cargoes from Russia's Arctic LNG 2 project, Reuters reported Monday, citing three sources with knowledge of the matter.The move will give the sanctioned Arctic LNG 2 project an additional route to export gas beyond the current Beihai terminal in Guangxi, the report said.Russia's energy ministry, Novatek, Arctic LNG 2's majority owner, and China's National Energy Administration did not immediately respond 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^SZSE
China Posts Wider Fiscal Deficit in First Five Months Despite Revenue Acceleration
US Markets

China Posts Wider Fiscal Deficit in First Five Months Despite Revenue Acceleration

China booked a general public budget deficit of 1.34 trillion yuan in the first five months of 2026, as national expenditure of 11.39 trillion yuan outpaced revenue of 10.05 trillion yuan despite an acceleration in tax collections.The deficit widened from 1.14 trillion yuan in the January-April period, with May alone adding about 1.71 trillion yuan in revenue against about 1.91 trillion yuan in spending, according to data from the Ministry of Finance on Sunday.This suggests a single-month deficit of about 200.7 billion yuan in May.The pace of expenditure growth, however, slowed to 0.8% year over year through May from 1.3% through April, suggesting the gap may begin to narrow in the coming months as revenue momentum builds.In March, Fitch Ratings forecast that China's fiscal deficit will slightly narrow as policy support for the economy is predicted to ease modestly in 2026."We expect China's fiscal deficit to decline slightly to 7.3% of GDP in 2026 on a like-for-like basis under Fitch's fiscal deficit measure, from 7.6% in 2025, but to remain elevated," Fitch said at the time.During the government's "Two Sessions" congress in March, authorities announced that China will aim to increase the government deficit by 230 billion yuan in 2026 over last year as part of its economic stimulus measures.China set a deficit-to-GDP ratio of around 4% this year, with total government deficit projected at 5.89 trillion yuan.General public budget revenue rose 4% year over year in the January-May period, accelerating from the 3.5% pace recorded through April.National tax revenue climbed 4.4% to 8.26 trillion yuan, outpacing the 2.2% rise in non-tax revenue to 1.78 trillion yuan.Among the main growth drivers were stamp duties, which jumped 35.8% year over year in the January-May period to 242.6 billion yuan, with securities transaction stamp duty alone surging 88.8% to 126.2 billion yuan.Value-added tax on imported goods and individual income tax also delivered strong gains, rising 10.4% and 12.2%, respectively, suggesting robust cross-border trade and wages.Vehicle purchase tax climbed 12.6% to 94.3 billion yuan amid increased adoption of new-energy vehicles. NEV sales in May alone accounted for 56.9% of overall new car sales in China, compared with 50.8% in 2025 and 40.9% in 2024, according to the China Association of Automobile Manufacturers.Domestic value-added tax jumped 6.2% to 3.28 trillion yuan, while corporate income tax inched up 0.2% to 2.19 trillion yuan.In terms of spending, China's total general public budget expenditure during the period was up 0.8% year over year to 11.39 trillion yuan.In breakdown, spending among central and local governments and the general public jumped 6.5% year over year to 1.68 trillion yuan, while spending among local governments inched down 0.1% to 9.71 trillion yuan.The latest data highlighted the ongoing financial strain faced by local governments.The South China Morning Post on Monday noted that local governments in China have faced worsening fiscal stress in recent years due to a prolonged property downturn that continues to weigh heavily on land-sales revenues, which previously served as a key revenue source.In the January-May period, while urban land use tax rose 3.6% to 122 billion yuan, farmland occupation tax fell 1.2% to 63.5 billion yuan.Earlier this month, China's State Council issued a plan to accelerate agricultural and rural modernization during the 15th Five-Year Plan through 2030. The plan includes speeding up the modernization of agriculture and rural areas.

Shanghai Composite^SZSE
Asia

China Bars 46 More US Companies in Expanded Crackdown

China has expanded its restrictions against U.S. companies, banning 46 more firms, including Lockheed Martin and Raytheon Missiles & Defense, from government procurements, the Ministry of Finance announced Monday.The measure halts government purchases of these companies' products and exempts them from operating in China.The updated list also includes subsidiaries of Lockheed Martin and Raytheon, as well as General Atomics Aeronautical Systems and Boeing Defense, Space & Security, among others.The move builds on a separate crackdown earlier on Monday, when the Ministry of Commerce blacklisted 10 US tech and defense firms, including Aveox, Red Cat Holdings, and Teal Drones.The development follows the Trump administration's military designation on Chinese tech firms, including Alibaba (HKG:9988), Baidu (HKG:9888), BYD (HKG:1211, SHE:002594), and Nio (HKG:9866, SGX:NIO).

Shanghai Composite^SZSEHKG:1211HKG:9866HKG:9888HKG:9988SGX:NIOSHE:002594
Asia

China Unveils Action Plan for Foreign Investments

China released its action plan to boost and stabilize foreign investments, the Commerce Ministry said in a statement Monday.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.The directive also seeks to promote the "Invest China" initiative, the ministry said.

Shanghai Composite^SZSE
Asia

China's Residential Property Market to Remain Weak for Rest of 2026, Fitch Says

Fitch Ratings expects lingering weakness in China's residential property market for the remainder of 2026, with new home sales forecast to decline by 11% to 13%, according to a recent release.The new forecast is down from the previous estimate of a 7% to 8% annual drop.The more moderate expectation stems from further policy easing, less contagion risk from developers' defaults, and a more sustainable level of sales volume, Fitch said.However, new residential home sales declined 14.1% in the first five months of the year, indicating a rebound that is fragile instead of self-sustaining, Fitch said.Weaker results in lower-tier cities offset continued easing in tier-one cities, reflecting dependence on a small group of stronger markets for national sales, the rating agency said.

Shanghai Composite^SZSE
International

Asia Week Ahead: Policy Rates; Inflation Prints; and Labor Data

The macro calendar in Asia for the week of June 22 will be relatively light, though investors will still have a mix of inflation prints, activity indicators and policy decisions to track.The week gets off to a quiet start on Monday with China's benchmark lending rates.Activity picks up Tuesday with inflation data from Hong Kong and Singapore, alongside preliminary manufacturing and services readings from several major economies.Wednesday brings Thailand's monetary policy decision, while Thursday will shift the focus to Australia's labor market data.Friday rounds out the trading week with Tokyo inflation data, as well as Singapore's trade and industrial production figures.China's industrial profits data will follow on Saturday, with markets watching for signs of continued growth in corporate earnings.Here's what to watch in the week ahead.MONDAY, June 22The week kicked off with the release of China's closely-watched lending rates.As expected, the People's Bank of China kept its benchmark rate steady at its monthly fixing, with the one-year and five-year loan prime rate (LPR) maintained at 3% and 3.50%, respectively.Macao's monthly inflation print will be in the news later in the day.TUESDAY, June 23The second day of the week brings inflation data from Hong Kong and Singapore, along with preliminary readings on manufacturing and services activity across several economies.Singapore's inflation is expected to rise to 2.1% year on year in May from 1.8% in April, according to ING. The bank said the increase would mainly reflect elevated food prices and the delayed pass-through of earlier fuel price gains.Inflation in Hong Kong is similarly expected to accelerate to 2.1% in May from 1.7% in April, Trading Economics forecasted.Taiwan will report its monthly export orders and unemployment rate. Economists at ING said they expect May export orders to rise to 50.7% year on year amid the ongoing tech boom.Meanwhile, unemployment is expected to edge up to 3.4% in May from 3.34% in April, according to a Trading Economics forecast.On the activity front, S&P Global releases flash purchasing managers' index reports covering manufacturing, services, and composite activity in India, Japan, and Australia.Thailand reports its trade figures for May.According to Trading Economics, the country's trade deficit could narrow to $5 billion from a $10.02 billion deficit in the prior month period.South Korea's monthly consumer confidence report will also be among the highlights of the day.WEDNESDAY, June 24Thailand's central bank will convene for its interest rate decision, with markets expecting no change to the current benchmark of 1%, according to a Trading Economics forecast.Markets will also be closely watching Australia's monthly inflation print after the country's central bank decided to leave the cash rate target unchanged at its most recent meeting to assess the impact of previous rises and the oil supply disruption.Australia's consumer price index (CPI) is expected to fall 0.3% from the previous month, a result that would still see the annual pace of inflation rise to 4.4%, Westpac said.Transport is expected to be the primary drag due to lower fuel prices, alongside declines in clothing and footwear, somewhat offset by modest gains in food and housing, according to the bank.Elsewhere, Taiwan will report industrial production and retail sales data for May.As with export orders, industrial production is expected to benefit from the ongoing tech boom and could record a growth of 14.2% year on year, ING said.THURSDAY, June 25Thursday will be relatively light on macro readouts, with Australia's monthly labor data among the handful of releases of note.Westpac said it expects Australia's May labour force data to show a bounce-back after April's data surprised materially to the downside, possibly due to extra holiday-related weakness tied to the survey's Easter timing.The bank forecast a bounce-back in employment of 45,000 for May, with the participation rate edging back up to 66.8%, and the unemployment rate slipping to 4.4% from 4.5%.Hong Kong's May trade figures will also feature Thursday.The city is expected to report a trade deficit of HK$32.5 billion for the month, widening from a deficit of HK$29.5 billion in April, Trading Economics forecasted.In South Korea, the business confidence survey for June will be expected. The readout should show an improvement in business sentiment amid easing geopolitical tensions and strong performance in the tech sector, ING said.FRIDAY, June 26Japan's closely watched Tokyo core consumer price index for June will capture headlines, offering markets an early indicator of the overall inflation rate in the country.Economists at ING expect headline inflation to rise modestly to 1.7% year on year from 1.4% in the prior month and below the government's 2% target."JPY weakness and second-round effects from higher energy prices should add to inflationary pressures on both goods and services prices," ING said.Trade data from Singapore and Macao will also feature Friday, with Singapore additionally reporting industrial production data.Lastly, the Philippines will release its business confidence report for May.SATURDAY, June 27The week rounds off with the release of China's industrial profits data.After profits at major industrial enterprises rose 18% year on year in the first four months of 2026, markets will be watching the latest data for signs of continued growth.

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Asia

China Shares Close Higher as PBOC Maintains Benchmark Lending Rates; Olymvax Biopharmaceuticals Up 5%

Chinese shares closed higher on Monday as the country's central bank maintained benchmark lending rates.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 1.8% to 4,163.18. The Shenzhen Component Index climbed 2.1% to 16,372.50.The People's Bank of China kept the one-year loan prime rate (LPR), which serves as the benchmark for most corporate and household loans, at 3.00%.The five-year LPR, the reference rate for residential mortgages, was maintained at 3.50%.Meanwhile, China's Commerce Ministry added 10 U.S. entities to its export control list over national security concerns. The ban, effective immediately, prohibits any export of dual-use items to these companies.The move follows Washington's recent addition of Chinese firms to a military-related company list, which the commerce ministry deemed as "wrongful."In company news, Chengdu Olymvax Biopharmaceuticals (SHA:688319) fully settled 87.4 million yuan in tax arrears and late fees following a tax authority ruling. Shares of the pharmaceutical company closed 5% higher Monday.

Shanghai Composite^SZSESHA:688319
Asia

Market Chatter: China's Tightening Scrutiny on Indium Exports Spooks Market

Market fears of tighter controls of an essential metal for artificial intelligence data center chips are being fueled by China ramping up oversight of indium exports, Reuters reported June 19.Beijing already restricted indium phosphide in February 2025, and now buyers report growing customs scrutiny, according to the report.China's Ministry of Commerce did not immediately respond to a request for comment.A European buyer told Reuters that it was asked for end-user details for the first time, while a North American purchaser said approval times stretched from same-day to several days.Though no shipments have been blocked, industry insiders view the move as a potential prelude to broader curbs, according to the report.(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 Blacklists 10 US Entities in Export Control Crackdown

China's Commerce Ministry on Monday added 10 U.S. entities, including Aveox, Red Cat Holdings, and Teal Drones, to its export control list over national security concerns, state media Xinhua News reported on the same day.The ban, effective immediately, prohibits any export of dual-use items to these companies, which also include IMSAR, Jaia Robotics, Inc., Ball Aerospace & Technologies Corp., Oshkosh Defense, L3Harris Maritime Services, Inc., MP Materials Corp., and USA Rare Earth, Inc. Organizations worldwide are barred from transferring Chinese-origin dual-use products to these entities, with ongoing deals ordered to halt.The move follows Washington's recent addition of Chinese firms to a military-related company list, which the commerce ministry deemed as "wrongful."

Shanghai Composite^SZSE
China Keeps Benchmark Lending Rates Unchanged for 13th Straight Month
US Markets

China Keeps Benchmark Lending Rates Unchanged for 13th Straight Month

China kept its benchmark rates unchanged for the 13th straight month in June as expected, reflecting caution over uncertainty surrounding the Middle East conflict and mixed domestic economic data.The one-year loan prime rate or LPR stayed at 3% and the five-year LPR was unmoved at 3.5%, according to the People's Bank of China on Monday.The figures are aligned with the no-change forecast given by 30 market participants surveyed by Reuters.Both rates have been kept unchanged since June 2025.The decision reflects caution as Middle East tension remains. The U.S. and Iran are still negotiating for a peace treaty that could end their war. A joint statement from mediating countries Qatar and Pakistan said the parties agreed to a roadmap towards reaching a final deal in 60 days.Analysts from ANZ predicted that the rates will remain, but fiscal spending might pick up as the global oil shock gradually wanes."We also maintain our view of no rate cut this year, while seeing scope for targeted supportfrom the People's Bank of China," ANZ economists Vicky Xiao Zhou, Zhaopeng Xing and Raymond Yeung said in a May 16 note.Domestically, China's economic data in May was mixed. Weak demand brought down retail sales and fixed asset investment last week, but industrial production grew stronger than expected due to external demand.Official data showed that retail sales slipped 0.6% from a year earlier, while fixed asset investment fell 4.1% year on year.Meanwhile, industrial production rose 4.5% year on year."The lack of investment appetite is one of the factors impacting markets, translating into low borrowing demand and, consequently, banks parking more funds in government bonds," Lynn Song, ING's chief economist for Greater China, said in a June 16 note. "Policymakers have expressed an intention to stabilize investment this year. It looks like they have their work cut out."

Shanghai Composite^SZSE
Asia

Chinese Shares Open Higher Amid Unchanged Loan Prime Rate

Chinese shares opened higher on Monday as China kept its benchmark lending rates steady in June.The Shanghai Composite Index, the main gauge of Chinese stocks, ticked up 0.1% to 4,093.95. The Shenzhen Component Index rose 0.4% to 16,095.63.The one-year loan prime rate (LPR), which serves as the benchmark for most corporate and household loans, was held at 3.00%.Meanwhile, the five-year LPR, the reference rate for residential mortgages, was maintained at 3.50%.

Shanghai Composite^SZSE
International

People's Bank of China Maintains Loan Prime Rates in June

The People's Bank of China (PBOC) kept its benchmark lending rates steady at its monthly fixing on Monday, matching the consensus forecast tracked by Investing.com.The one-year loan prime rate (LPR), which serves as the benchmark for most corporate and household loans, was held at 3.00%.Meanwhile, the five-year LPR, the reference rate for residential mortgages, was maintained at 3.50%.

Shanghai Composite^SZSE
Asia

Chinese Shares See Mixed Trade; Three Gorges Water Conservancy Falls 4%

Chinese shares traded mixed on Thursday as the market struggled for direction amid the signing of the U.S.-Iran ceasefire deal and potential rate hikes by the U.S. Federal Reserve.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.4% lower to 4,090.48. The Shenzhen Component Index rose 0.9% to 16,030.70.The U.S. and Iran formally signed a landmark ceasefire agreement on Wednesday. Pakistani Prime Minister Shehbaz Sharif, who served as mediator, said the deal is effective immediately.Iran pledged to reopen the Strait of Hormuz and Washington committed to lift its naval blockade as the first steps under the agreement.Meanwhile, the U.S. Fed signaled potential rate hikes, saying "inflation remains elevated relative to the Committee's 2% goal" and that it will "deliver price stability."In company news, Chongqing Three Gorges Water Conservancy and Electric Power (SHA:600116) terminated its planned 1.27-billion-yuan Wanzhou gas power generation project and canceled project company Chongqing Wanzhou Gas Turbine Thermal Power. Shares of the hydroelectric power generator closed 4% lower Thursday.

Shanghai Composite^SZSESHA:600116
Asia

Shanghai Bourse Eases Rules for Listing of AI LLM Enterprises

The Shanghai Stock Exchange relaxed rules to allow the listing of artificial intelligence large-scale model enterprises that have not reached a certain revenue scale, according to a Wednesday press release from the bourse.The move was part of China's effort to support technology innovation and expand financing channels for emerging industries through the STAR Market.The introduction of the rules came as the China Securities Regulatory Commission's chairman, Wu Qing, acknowledged that other major global capital markets are reforming regulations to adapt to the growing demand for AI, the regulator said in a Thursday press release on its website.Chinese regulators said the country's technology sector has achieved significant advances in recent years, with a growing number of innovative companies emerging across strategic industries.

Shanghai Composite^SZSE
Asia

G7 Seeks to Break Reliance on China for Rare Earths

The Group of Seven countries is taking steps to counter its reliance on China for critical rare earths."[W]e aim to significantly reduce our dependencies on a single supplier outside the G7 and partner countries for rare earths and permanent magnets to under 60% by 2030 and continuing to decrease further over time, with an ambition to reach 50% as soon as possible," according to a Wednesday statement.The G7 said it will pursue close cooperation to strengthen the entire value chain, using demand aggregation and combined public-private financial capacity to accelerate coordinated projects in mining, processing, and recycling.In 2024, China accounted for 60% of global mined production of magnet rare earths and represented 91% of global refined output, according to the International Energy Agency.

Shanghai Composite^SZSE
Asia

Ant Group Reports Record RMB35 Billion R&D Investment in 2025

Ant Group said it spent a record 35.03 billion yuan in research and development last year, marking the fifth straight year of growth in investments, according to a company statement released Wednesday.According to the company, the investments covered major areas including foundational AI models, AI-powered payment & everyday services, and AI-driven health solutions.The figures were disclosed in Ant Group's 2025 sustainability report.

Shanghai Composite^SZSE
Asia

Chinese Car Software Maker DSC Seeks Up to $54 Million from Nasdaq Listing

Chinese car software manufacturer DSC Holdings is seeking to raise up to $54 million from its initial public offering on the Nasdaq, according to a filing with the U.S. Securities and Exchange Commission Wednesday.The firm expects to price its IPO of 3 million American depositary shares at between $16 and $18 each to raise funds to boost its digital products and transaction services for automotive sellers, invest in technology, and for general working purposes.API (Hong Kong) Investment, which is wholly owned by Ant Group, has indicated it will purchase up to $30 million of the ADSs, DSC Holdings said.Deutsche Bank Hong Kong Branch, China International Capital Corp. Hong Kong Securities, CR Global Markets, and ICBC International Securities are the underwriters of the offering.

Shanghai Composite^SZSE
Asia

Market Chatter: Paramount's Warner Bros. Bid Approved in China

Chinese regulators approved Paramount Skydance's $110 billion bid for Warner Bros Discovery, joining other jurisdictions that have approved the global media merger, Reuters reported Thursday, citing a source familiar with the decision.The latest ruling adds to approvals in the U.S. as well as several other regions, including Germany, Australia, and France. The European Union is yet to sign off on the merger, the report said.Paramount Skydance and Warner Bros Discovery did not immediately respond to requests for comment from.Semafor earlier reported the news of China's approval.(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's Central Bank to Auction 40 Billion Yuan of Bills in Hong Kong

China's central bank will auction about 40 billion yuan of short-term bills in Hong Kong on June 22, according to a statement Wednesday.The People's Bank of China will auction six-month yuan-denominated bills that will mature on Dec. 23.The bills will bear interest at the highest accepted tender rate.

Hang SengShanghai Composite^SZSE
Asia

US, Iran Sign Ceasefire Deal, Agreeing to Reopen Strait of Hormuz, Pakistan PM Says

The United States and Iran formally signed a landmark ceasefire agreement on Wednesday, with Pakistani Prime Minister Shehbaz Sharif confirming on X that the accord had been electronically signed by the presidents of both nations.Sharif, who served as mediator, said the deal carries immediate effect, with Iran pledging to reopen the Strait of Hormuz and Washington committing to lift its naval blockade as the first steps under the agreement.Trump confirmed the signing of the agreement, telling reporters outside the Palace of Versailles in France, "I signed it in Versailles... Just signed it," according to multiple reports, including from the AFP.

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