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Shenzhen Composite Index

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1,069 stories mentioning Shenzhen Composite IndexUpdated 2d ago

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

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Asia

China, Thailand to Deepen Bilateral Ties in AI, Technology

China and Thailand agreed to deepen cooperation in technology, innovation and supply chain development, including closer policy coordination and expanded scientific exchanges, according to a joint statement released after Thai Prime Minister Anutin Charnvirakul's five-day visit to China.The two countries said they would boost partnership in areas including artificial intelligence, advanced electronics, aerospace, clean energy, agricultural technology, health, advanced materials and geospatial information, while promoting technology transfer and joint research.They also agreed to expand cooperation between industry, academia and research institutions to build more resilient supply chains and support technology startups and talent development.Both countries will also accelerate construction of the China-Thailand high-speed railway, advance work on its second phase, and deepen coordination on foreign affairs and defence through a new ministerial dialogue mechanism, according to the joint statement.

^SETShanghai Composite^SZSE
Asia

China Shares Open Higher on State-Backed Buying, Regulatory Pledges

Chinese shares opened higher on Tuesday, buoyed by state-backed stock purchases and fresh reassurances from the country's top securities regulator.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.4% higher to 3,812.16. The Shenzhen Component Index rose 0.3% to 13,656.06.China's state-backed asset managers deployed more than 50 billion yuan through relending facilities and matching funds for buybacks and stake increases, vowing to continue adding stocks of central state-owned enterprises.China Chengtong bought nearly 10 billion yuan in Chinese equities, focusing on state-owned enterprises and technology companies, with plans for further purchases of stocks and ETFs.Meanwhile, China Securities Regulatory Commission Chair Wu Qing pledged to maintain capital market stability, saying the regulator would dedicate its full efforts to coordinating risk prevention, strengthening oversight, advancing the capital market's high-quality development and ensuring smooth operations.

Shanghai Composite^SZSE
Asia

Market Chatter: Moonshot AI Temporarily Halts Kimi Subscriptions Amid Surge in Demand, IPO Plans

Moonshot AI temporarily stopped new subscriptions for its newly launched Kimi K3 artificial intelligence model due to compute bottlenecks for the 2.8-trillion-parameter model, Reuters reported Monday.The company will divide future memberships into specialized tiers, including a separate one for coding to address demand, while Moonshot will also reopen new subscription slots as capacity is added, the report said.The move comes as Moonshot is unwinding its offshore structure ahead of a potential initial public offering in Hong Kong, Reuters said, citing two sources with knowledge of the matter.Moonshot 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: Chinese LNG Imports Rise 8.3% in June

China's imports of seaborne liquefied natural gas rose 8.3% year over year to about 5.7 million tons in June, Bloomberg reported Monday, citing China's National Energy Administration.LNG purchases increased in time for a rise in demand for the summer, according to the report.For the first half, Chinese LNG purchases were 5.6% below 2025 levels, the report said.China's NEA 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
International

Asia Week Ahead: Bank Indonesia Decision, Japan Inflation, Korea GDP

Several key economic releases are due across Asia this week, including central bank decisions, inflation data, gross domestic product figures and flash purchasing managers' index reports.The week begins with China's benchmark lending rates on Monday, followed by Taiwan's June export orders on Tuesday.Indonesia's central bank will announce its interest rate decision on Wednesday. On Thursday, South Korea will report second-quarter gross domestic product, and Singapore will publish June inflation figures.The week wraps up with July flash PMI data from India and Japan on Friday. Japan will also release inflation numbers.Here's what to watch in the week ahead.MONDAY, July 20The People's Bank of China left its benchmark lending rates unchanged for the 14th consecutive month, matching the consensus forecast tracked by Investing.com.The one-year loan prime rate, which serves as the benchmark for most corporate and household loans, was held at 3%. Meanwhile, the five-year LPR, the reference rate for residential mortgages, was maintained at 3.5%.Elsewhere, Malaysia's trade surplus narrowed to 14.9 billion ringgit in June from 39.9 billion ringgit in May.Total exports grew 45.4% year over year to 177.9 billion ringgit, while imports rose 43.9% to a record 163 billion ringgit.India's infrastructure output for June is also expected later today.TUESDAY, July 21Taiwan will report June export orders, with ING economists forecasting a 43.9% increase, slower than the 47.2% rise in May.WEDNESDAY, July 22Bank Indonesia is expected to hike rates by 25 basis points to 6%, according to a forecast by ING, adding that the increase underscores the central bank's commitment to foreign exchange stability by attracting foreign inflows and stabilizing the local currency.The hike is anticipated to be the last of the cycle, according to DBS economists.South Korea's producer prices are forecast to have risen 8.2% year over year in June, slowing from 8.5% in the previous month, according to Trading Economics.Elsewhere, Japan may see a trade deficit of 120 billion yen in June, narrowing from the 378.7 billion yen recorded in May, according to consensus estimates.Exports and imports are expected to climb 18.6% and 21% year over year, respectively.THURSDAY, July 23South Korea will release its Q2 GDP. ING said the economy likely grew 4.2% year over year in the April to June period, up from 3.8% in the first quarter, driven by positive net exports.Singapore will publish inflation data for June, with ING economists forecasting core inflation at 1.7%, and Trading Economics at 1.6%. This compares to 1.4% in May.FRIDAY, July 24Japan will release inflation figures for June. Trading Economics expects the nation's core consumer price index, which excludes volatile fresh food prices, to be 1.5%, slightly higher than May's 1.4%.Flash PMI reports for Japan and India are also due on Friday.Lastly, Singapore will post industrial production numbers, with Trading Economics forecasting a 9% year-over-year boost in June, slowing from May's 13% growth.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Market Chatter: China Continues to Throttle Supply of Rare Earths to Japan

China continued to disrupt the supply of strategically important rare earths and minerals to Japan in June amid the diplomatic rift between the two nations, Reuters reported Monday.Shipments of gallium, dysprosium, terbium and yttrium to Japan all registered at zero last month, according to the report.Despite the tight controls on specific minerals, China's overall exports of rare earth magnets remained robust, rising to 5,649 metric tons in June from 4,730 tons in May, Reuters wrote.(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.)

Nikkei 225Shanghai Composite^SZSE
Asia

China Shares Close Mixed on US-Iran War Fears; HKC Jumps 10%

Chinese shares closed mixed on Monday amid escalating US-Iran hostilities.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.9% higher to 3,796.28. The Shenzhen Component Index fell 0.7% to 13,610.23.The U.S.-Iran conflict has continued to escalate, with U.S. President Donald Trump threatening to expand the conflict unless Iran halts attacks on Hormuz Strait shipping, CNN reported.In recent days, Washington has extended its aerial campaigns beyond Iranian coastal radar stations and drone facilities to include transport infrastructure and, reportedly, a water desalination plant. Tehran has responded by widening its targets across seven regional countries, and state-affiliated outlets have hinted that strategic ports in Gulf Arab states could be next on the target list.On the regulatory front, the People's Bank of China (PBOC) left its benchmark lending rates unchanged for the 14th consecutive month. The one-year loan prime rate (LPR) was held at 3.00% and the five-year LPR was maintained at 3.50%.China's Foreign Ministry urged the U.K. to respect market principles and seek a mutually acceptable solution, including compensating Jingye Group, after London nationalized British Steel.In company news, HKC (SHE:001399) will invest 4 billion yuan to establish a wholly-owned subsidiary, Zhejiang Huixin Advanced Semiconductor, for advanced semiconductor packaging and testing in Zhejiang, China. Shares of the semiconductor display company closed 10% higher Monday.

Shanghai Composite^SZSE
Asia

Market Chatter: US Asset Managers KKR, AEW to Offload Chinese Real Estate Assets

U.S. asset managers KKR & Co. and AEW Capital Management are considering to dispose of their real estate holdings in China as the country's housing market remains in a slump, according to a Bloomberg News report on Monday, citing insiders.KKR seeks to offload nine projects, including a Beijing multi-family apartment complex and a Shanghai mid-market hotel along the Bund waterfront, the insiders told the media outlet.AEW plans to sell its office tower in the HeXa International Plaza, its property in Beijing's Jing IN International Center and the Shanghai Pudong Development Bank (SHA:600000) building in the Lujiazui business district, the report said.Both KKR and AEW expect that the proceeds will be able to cover 50% to 60% of the bank loans used to buy the properties, according to the report.KKR and AEW 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^SZSESHA:600000
Asia

China Warns UK Over British Steel Nationalization

China's Foreign Ministry urged the U.K. to respect market principles and seek a mutually acceptable solution, including compensating Jingye Group, after London nationalized British Steel, a spokesperson for the ministry said on Saturday.The spokesperson warned that the nationalization, which stripped Jingye Group of control of British Steel, would directly affect Chinese investors' confidence in the U.K.'s investment climate and public perceptions in China of the British government's credibility, citing the China-UK Investment Protection Agreement.Meanwhile, Jingye Group urged the U.K. to stop violating international investment rules and fully compensate the company for its investment losses, adding that its ongoing investments and contributions were disregarded and the U.K. government offered "almost zero compensation," Reuters reported.Jingye Group did not immediately respond to' request for comment.

Shanghai Composite^SZSE
Asia

China's June Solar Cell Exports Extend Slump on Softening Global Demand

China's exports of solar cells dropped in June for the second consecutive month, indicating that global demand is slowing down, according to Saturday data from the General Administration of Customs.The volume of solar cell exports fell 16.5% from a year earlier to 743.2 million units.In the first half, solar cell export volumes jumped 22.9% year on year to 6.62 billion units.

Shanghai Composite^SZSE
Asia

China State-Owned Giants Pledge $60 Billion to Prop Up China Stocks

Two China state-owned enterprises disclosed fresh share purchases on Sunday to stabilize Chinese markets following a sharp sell-off, according to China state-run newspaper Economic Information Daily.China State-owned Assets deployed more than 50 billion yuan through relending facilities and matching funds for buybacks and stake increases, vowing to continue adding stocks of central state-owned enterprises.China Chengtong bought nearly 10 billion yuan in Chinese equities, focusing on state-owned enterprises and technology companies, with plans for further purchases of stocks and ETFs.

Shanghai Composite^SZSE
China Holds Benchmark Loan Prime Rates Steady in July Following Weak Q2 GDP Data
US Markets

China Holds Benchmark Loan Prime Rates Steady in July Following Weak Q2 GDP Data

The People's Bank of China (PBOC) maintained its benchmark lending rates unchanged for the 14th consecutive month at its monthly fixing on Monday, opting for stability despite recent data highlighting an uneven economic recovery.The central bank held the one-year loan prime rate (LPR), which serves as the benchmark for most corporate and household loans, at 3.00%.This decision matched the consensus forecast tracked by Investing.com.Meanwhile, the five-year LPR, the reference rate for residential mortgages, was maintained at 3.50%.PBOC's move is an indicator that policymakers are more interested in keeping monetary policy stable amid an uneven economic recovery.The steady fixings follow the release of soft macroeconomic indicators from Beijing.China's gross domestic product expanded 4.3% year over year in the second quarter, decelerating from 5.0% in the first quarter due to muted domestic consumption. While first-half exports remained resilient, internal demand indicators were soft, with June consumer price inflation ticking down to 1.0%, versus the 1.1% forecast, and new yuan loans missing expectations at 1.61 trillion yuan."On the monetary side, low but positive inflation shouldn't impede further People's Bank of China easing if it is deemed necessary," ING Chief Economist for Greater China Lynn Song said in a July 15 note.Earlier in July, the central bank said it will keep its monetary policy moderately loose and increase financial support to boost domestic demand and financial innovation.PBOC also called for better guidance on policy interest rates and improvements in the market-based interest rate, as well an assessment of bond market operations."Policymakers have made efforts to maintain ample liquidity, and we expect there is a solid chance we will see a rate cut within the quarter," ING's Song said.

Shanghai Composite^SZSE
Air China, Hainan Airlines Lock In $17.8 Billion Airbus Bulk Orders Despite Q2 Pressures
US Markets

Air China, Hainan Airlines Lock In $17.8 Billion Airbus Bulk Orders Despite Q2 Pressures

Three major Chinese airline companies have finalized bulk aircraft purchase commitments with Airbus, carrying a total list-price valuation of $17.8 billion despite experiencing challenges from elevated jet fuel costs.Air China (HKG:0753, SHA:601111) will acquire 15 Airbus A350-900 jets valued at $6.09 billion at list prices for delivery between 2030 and 2032, according to exchange filings over the weekend.Its majority-owned subsidiary Shenzhen Airlines finalized an agreement for 40 A320neo aircraft valued at $6.35 billion, with deliveries scheduled from 2029 to 2032.Separately, Hainan Airlines (SHA:600221) committed to 40 A320neo jets carrying a maximum list value of $5.36 billion, slated to arrive in batches between 2028 and 2032.The fleet expansions come despite expected losses in the first half due to macro headwinds.Air China expects attributable net loss for the first half to balloon to between 2.1 billion yuan and 2.6 billion yuan from 1.81 billion yuan a year earlier.The company attributed the forecast to higher jet fuel prices as a result of the Middle East conflict, squeezing its profit margins.The Iran conflict also weighed heavily on passenger traffic in June, with Air China's available seat kilometers, or ASK, falling 6.1% year over year. Revenue passenger kilometers, or passenger traffic, slid 2.9% from a year earlier, while cargo capacity also dropped by 6.3% year over year.Similarly, Hainan Airlines' ASK declined 7.0% year on year in the same month. RPK fell 7.7%, while cargo and mail volume slipped 9.6%.Data from global aviation consultancy IBA shows that while mainland Chinese operators have experienced minor localized headwinds, overall domestic and outbound system capacity remains near normalized pre-crisis run rates.

Hang SengShanghai Composite^SZSEHKG:0753SHA:600221SHA:601111SHA:900945
Asia

China to End Tax Breaks for Lithium-ion, Solar Batteries

China will end the exemption of lithium-ion and solar batteries from consumption taxes, according to the Ministry of Finance, General Administration of Customs and State Taxation Administration.China will initially impose a 2% consumption tax on lithium-ion batteries, effective Sept. 1, and on solar batteries from April 1, 2027.The levy will rise to 4% for lithium-ion batteries from Sept. 1, 2027, and from April 1, 2028, for solar cells.

Shanghai Composite^SZSE
Asia

China Shares Open Higher as PBOC Holds Rates for 14th Straight Month

Chinese shares opened higher on Monday as the country's central bank held rates steady for the 14th consecutive month.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.7% higher to 3,791.66. The Shenzhen Component Index rose 1.2% to 13,869.06.The People's Bank of China left the one-year loan prime rate, 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%.This decision matched the consensus forecast tracked by Investing.com.

Shanghai Composite^SZSE
International

China Holds Benchmark Lending Rates Steady for 14th Straight Month

The People's Bank of China (PBOC) left its benchmark lending rates unchanged for the 14th consecutive month at its monthly fixing on Monday.This decision matched 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

Market Chatter: Moonshot AI's New Kimi K3 Model Launch Weighs on US AI, Chip Stocks

Chinese AI startup Moonshot AI launched its Kimi K3 model recently, causing AI and semiconductor stocks to decline in the U.S. on Friday, Bloomberg reported the same day.Moonshot reportedly claims the model is at par with OpenAI and Anthropic PBC's most powerful offerings.The announcement of the launch coincided with President Xi Jinping's attendance of China's top AI summit, underscoring the country's focus on leading the AI sector, Bloomberg said.Kimi K3, a 2.8T-parameter model with a 1-million-token context window, is the world's first open 3T-class model designed for frontier intelligence across long-horizon coding, knowledge work, and reasoning, according to the company.(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 Increase Gasoline, Diesel Prices on Saturday

China is set to increase the prices of gasoline by 300 yuan per tonne and diesel by 290 yuan per tonne, effective midnight on Saturday, the National Development and Reform Commission said Friday.

Shanghai Composite^SZSE
Asia

Market Chatter: China LNG Importers Looking to Reduce Reliance on Qatar

Chinese liquefied natural gas importers, including China Petroleum & Chemical Corp (HKG:0386, SHA:600028) and PetroChina (HKG:0857, SHA:601857) are in talks with exporters from outside the Persian Gulf to reduce reliance on Qatar amid the ongoing war, Bloomberg reported Friday, citing people with knowledge of the matter.The two companies are looking to sign LNG contracts with other countries, including Canada, that would start before 2030 and would last at least 10 years, according to the report.The pivot could signal that the disruptions in the Strait of Hormuz could reshape the LNG market, Bloomberg said.Sinopec and PetroChina 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^SZSEHKG:0386HKG:0857SHA:600028SHA:601857
Asia

Moonshot Unveils World's First Open 3T-Class AI Model, Kimi K3

Chinese artificial intelligence startup Moonshot on Friday launched Kimi K3, a 2.8 trillion-parameter open-weight model built on proprietary Kimi Delta Attention and Attention Residuals architecture.The model, featuring native vision capabilities and a 1-million-token context window, is the world's first open 3T-class model designed for long-horizon coding, knowledge work and reasoning, according to the blog post.Moonshot said that while Kimi K3 trails behind Claude Fable 5 and GPT 5.6 Sol, it demonstrated frontier-level performance across its evaluation suite to consistently perform better than other tested models.The full model weights and a technical report will be released by July 27.

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