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US, China Officials Hold Talks Ahead of Trump-Xi Meeting

U.S. and Chinese officials held talks on Thursday ahead of a planned May meeting between Presidents Donald Trump and Xi Jinping.In a post on X, U.S. Treasury Secretary Scott Bessent said that his meeting with Vice Premier He Lifeng was "both candid and comprehensive," adding that he raised concerns over "China's recent provocative extraterritorial regulations," which he said are having a chilling effect on global supply chains.The meeting was conducted via video call, which Chinese state media CCTV also described as "candid," according to a Reuters report on Thursday.The discussions came after Beijing introduced new supply chain rules, which triggered concerns among U.S. companies, Reuters said.

Shanghai Composite^SZSE

US Lawmakers Open Probe Into Chinese AI Models

U.S. lawmakers are conducting an investigation into companies' usage of Chinese artificial intelligence models due to national security concerns.Through letters, the House Committee on Homeland Security and the House Select Committee on the Chinese Communist Party requested Airbnb and Anysphere on Wednesday for information that may assist them in the probe.The requested information included documents that can identify the Chinese AI models used by the companies.The probe came after AI laboratories found that three Chinese AI companies, DeepSeek, Moonshot AI and MiniMax were able to extract information through adversarial distillation where the platforms were able to generate exchanges with American AI systems through about 24,000 fraudulent accounts, the committees said.

Shanghai Composite^SZSE

Middle East War Poses Greatest Credit Risk for Asia-Pacific's Financial Institutions, S&P Says

The Middle East war's spillover effects serve as the largest credit risk for Asia-Pacific financial institutions, S&P Global Ratings said in a Thursday release.The region's banks are not directly exposed to the Middle East, while indirect exposure is manageable, S&P Asia-Pacific sector lead for financial institutions Gavin Gunning said.Lenders also have ample buffers to absorb linked constraints at current rating levels under a scenario of a deal that will open the Strait of Hormuz by the end of May, Gunning said.However, a downside scenario of a prolonged conflict could cause a 25% rise in credit losses for banks, S&P said.This scenario would mean larger increases in credit losses to total loans in Vietnam, Indonesia, and India, the rating agency said.China will account for the largest share in the total forecast credit losses at about $130 billion.Other countries' banking systems will be stronger at current rating levels, given their buffers, S&P said.Nonbank fund finance will remain a talking point, albeit being more muted, especially for US funds amid uncertainties in the software sector, the rating agency said.Al is also a major concern given the diverging impact it has on the ratings of the region's financial institutions in the coming years, according to S&P.

^BSE^HNX^HOSEI^JKSENifty 50Shanghai Composite^SZSE

Market Chatter: China Grants Tariff-Free Access to 53 African Nations

Starting Friday, China will phase in zero tariffs on imports from 53 African countries, according to the report.The move excludes Eswatini, which maintains diplomatic ties with Taiwan. It will also secure China's access to oil, rare earths and produce.First announced in June 2025, the policy expands duty-free treatment already granted to 33 nations and will run through April 2028.(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

US Bans Chinese Air Bag Inflators After Fatal Crashes

The U.S. National Highway Traffic Safety Administration (NHTSA) has banned replacement air bag inflators from China after linking them to deadly crashes.The inflators, all marked with the identifier "DTN60DB," were likely illegally imported into the U.S., the agency said Wednesday.The NHTSA cited 12 U.S. crashes, which resulted in 10 deaths, involving devices tied to the Chinese private company Jilin Province Detiannuo Automobile Safety System, saying the air bag inflators sent metal fragments into drivers in otherwise survivable collisions.Jilin Province Detiannuo Automobile Safety System denied responsibility, noting multiple Chinese manufacturers produce similar parts and disputing evidence that its products caused the incidents, according to a same-day report by Reuters.

Shanghai Composite^SZSE

Market Chatter: DeepSeek V4 Sparks Rush for Huawei's Ascend 950 AI Chips

ByteDance, Tencent (HKG:0700), Alibaba (HKG:9988) and other big Chinese firms are rushing to place orders for Huawei's Ascend 950 AI chips, Reuters reported Wednesday, citing people familiar with the matter.The surge in demand followed the release of DeepSeek's V4 artificial intelligence model that runs on said Huawei chips, according to the report.Sources said companies specializing in cloud computing and graphics processing unit rental services are also looking to secure orders, according to Reuters.(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:0700HKG:9988

China Sees Mixed Trade as Manufacturing Sector Growth Slows; Century Huatong Shares Fall 9%

Chinese shares were mixed on Thursday amid slower growth in China's manufacturing sector and ahead of the Labor Day holiday.The Shanghai Composite Index, the main gauge of Chinese stocks, ticked up 0.1% to 4,112.16. The Shenzhen Component Index declined 0.1% to 15,107.55.China's manufacturing purchasing managers' index was down 0.1 of a percentage point month on month to 50.3% in April.The production and new orders sub-indices remained above the critical point at 51.5% and 50.6%, respectively. The remaining sub-indices for raw material, employment and supplier delivery time were below the critical points at 49.3%, 48.8% and 49.5%, respectively.Meanwhile, the non-manufacturing business activity index was 49.4%, down 0.7 of a percentage point from March. The composite PMI output index was 50.1%, down 0.4 of a percentage point.In company news, Zhejiang Century Huatong Group (SHE:002602) posted first-quarter attributable net profit of 2.03 billion yuan, up 35% from 1.35 billion yuan the previous year. Shares of the game developer were down 9% Thursday.

Shanghai Composite^SZSESHE:002602

Market Chatter: China Warns Retaliation vs EU Over Potential Huawei Ban

China warned it would hit back at the European Union if the proposal to ban Huawei's equipment is implemented, Bloomberg News reported Thursday, citing a statement from China's mission to the E.U.Commission Executive Vice President Henna Virkkunen proposed a ban to phase out equipment from Huawei and ZTE (HKG:0763, SHE:0000630) from the bloc over cybersecurity risks, according to the report.China's mission asked to remove language that called equipment from the mainland a cybersecurity concern and that labelled Chinese companies "high risk" suppliers, the media outlet reported.(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:0763SHE:0000630

Market Chatter: Two US Senators Move to Lock In China Automaker Ban Ahead of Trump-Xi Meeting

U.S. senators Bernie Moreno and Elissa Slotkin proposed legislation to codify the Biden-era rule blocking Chinese automakers from selling passenger vehicles in the U.S., Reuters reported Thursday.The move comes ahead of the Trump-Xi meeting in China in mid-May.(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

International46d ago

China's Manufacturing Sector Grows at Slower Pace in April

China's manufacturing purchasing managers' index was down 0.1 of a percentage point month on month to 50.3% in April, according to a Thursday news release from the National Bureau of Statistics.The PMI for large enterprises was down 1.4 percentage points to 50.2%. The PMIs for medium and small enterprises rose 1.5 and 0.8 percentage points, respectively, to 50.5% and 50.1%.The production and new orders sub-indices remained above the critical point at 51.5% and 50.6%, respectively. The remaining sub-indices for raw material, employment and supplier delivery time were below the critical points at 49.3%, 48.8% and 49.5%, respectively.Meanwhile, the non-manufacturing business activity index was 49.4%, down 0.7 of a percentage point from March.The composite PMI output index was 50.1%, down 0.4 of a percentage point.

Shanghai Composite^SZSE

International47d ago

China's Transport Investment Hits 330 Billion Yuan in Q1

China poured 330 billion yuan into major transport projects in the first three months of 2026, according to the Ministry of Transport.Over 1,800 highway and waterway projects, each exceeding 100 million yuan, are being accelerated.Q1 also saw the launch of 174 major initiatives, injecting an additional 16 billion yuan.

Shanghai Composite^SZSE

Chinese Shares Rebound on Strong Economic Start, Government Push for Security; Focus Media Up 5%

Chinese shares rebounded on Wednesday as the Politburo hailed the strong start to the year and pushed for technology and energy security.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.7% to 4,107.51. The Shenzhen Component Index climbed 2.0% to 15,120.92.At a meeting chaired by Xi Jinping, the Communist Party of China Politburo touted the country's strong economic start to 2026, with key indicators beating expectations, while warning that recovery remains uneven.China's top leadership called for targeted fiscal and monetary support to sustain growth. Officials stressed accelerating technological self-reliance, strengthening secure industrial chains and boosting domestic demand.The meeting also urged enhanced energy and resource security, expansion of major infrastructure, and steady progress toward economic self-sufficiency amid rising external uncertainties.In company news, Focus Media Information Technology (SHE:002027) posted first-quarter attributable net profit of 1.79 billion yuan, up 58% from 1.14 billion yuan the previous year. Shares of the advertising company closed 5% higher Wednesday.

Shanghai Composite^SZSESHE:002027

Market Chatter: US Lawmakers Urge Trump to Keep Ban on Chinese Automakers

Over 70 Democrats in the U.S. House of Representatives urged U.S. President Donald Trump to block Chinese automakers from entering the U.S. market, citing national security risks, Reuters reported Tuesday.Led by Debbie Dingell and Ro Khanna, lawmakers called for maintaining existing bans ahead of Trump's expected talks with Chinese President Xi Jinping, warning against ceding the auto industry to a strategic rival, 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

US Warns Banks of Sanctions Over Transactions with Iran-Supporting Chinese Refineries

The U.S. Department of the Treasury warned financial institutions they could be slapped with secondary sanctions if they facilitate transactions with Chinese refineries linked to Iranian crude oil, the department said in a Tuesday filing.The warning came after Chinese refineries, such as Hengli Petrochemical (Dalian) Refinery, were sanctioned for purchasing crude from Iran.The department said financial institutions, such as banks, should conduct enhanced due diligence on transactions involving Chinese refineries, especially in Shandong Province.Treasury cautioned financial institutions to watch out for common evasion tactics such as the use of front companies in Asia and the United Arab Emirates, as well as the use of a "shadow fleet," which employs ship-to-ship transfers, falsified documentation, and vessel identity manipulation.

Shanghai Composite^SZSE

Market Chatter: China Orders ByteDance Apps to Follow Rules on AI Content Labeling

The Cyberspace Administration of China has directed ByteDance video apps Jianying and Maoxiang, along with the Jimeng AI site, to comply with rules on identifying AI-generated content, Reuters reported Tuesday, citing a statement from the regulator.The regulator said the ⁠three platforms violated China's cybersecurity law and relevant rules, and penalized those responsible for the violations, 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

Middle East War Has Mixed Impact on Chinese Oil Majors, S&P Says

S&P Global Ratings expects mixed credit effects for major Chinese oil companies due to the Middle East conflict, according to a recent release.Increased prices will boost the upstream companies' earnings, but feedstock supply constraints and price controls will hit downstream, S&P said.China has high exposure to the Middle East as the region accounts for half of its total oil imports, the rating agency said.Investor concerns range from the demand impact of disruptions in the Strait of Hormuz to the credit strength of Chinese national oil companies, the rating agency said.

Shanghai Composite^SZSE

Chinese Shares Down as Iran War Talks Stall; Inovance Technology Falls 7%

Chinese shares fell on Tuesday as consumer sentiment turned cautious amid stalled talks to end the Iran war.The Shanghai Composite Index, the main gauge of Chinese stocks, slid 0.2% to 4,078.64. The Shenzhen Component Index fell 1.1% to 14,830.46.Sources said U.S. President Donald Trump appears unreceptive to Iran's offer to end the war. The proposed plan would see the Strait of Hormuz reopened, but would postpone talks on Tehran's nuclear program for another time, CNN reported.Also, Iran's Foreign Minister Abbas Araghchi had earlier given Pakistan a list of "red lines" to pass on to the U.S.Caution also prevailed among investors as they pored over first-quarter earnings reports from Chinese tech companies and scaled back their holdings ahead of the five-day holiday starting May 1, according to Reuters.In company news, Shenzhen Inovance Technology (SHE:300124) posted first-quarter attributable net profit of 1.01 billion yuan, down 23% from 1.32 billion yuan the previous year. Shares of the robot maker fell 7% Tuesday.

Shanghai Composite^SZSE

Market Chatter: Moody's Raises China Outlook to 'Stable' From 'Negative'

Moody's upgraded China's credit outlook to "stable" from "negative", Reuters reported Monday, citing the credit ratings agency.The firm attributed the move to the country's economic resilience. Moody's highlighted China's ability to adapt its exports to a changing global environment and its strategic focus on high-productivity industries.A spokesperson from China's Ministry of Finance said it appreciates Moody's decision to revise the outlook, telling reporters it will "continue advancing economic structural transformation".(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 Blocks Meta's $2 Billion Deal to Acquire Manus

China is requiring Meta to unwind its $2 billion deal to acquire artificial intelligence startup Manus after a review, the National Development and Reform Commission said in a Monday disclosure.The regulator said the decision was "in accordance with laws and regulations, and has required the parties involved to withdraw the acquisition transaction."A spokesperson for Meta told CNBC that the deal fully complied with the law, according to a Monday report.Manus, which relocated to Singapore after being established in China, develops AI agents, including one that can conduct complex tasks such as market research and coding, CNBC said.

Shanghai Composite^SZSE

China's Commitment to Low-Carbon Energy Bearing Fruit, S&P Says

S&P Global Ratings sees China's longstanding investment in low-carbon energy yielding results, especially given current oil price shocks, according to a Monday release.Nonfossils have a 40% share of the country's current power generation, S&P said.Following an initial period of overinvestment and focus on scale, the sector is shifting to better cost discipline and profitability goals, the rating agency said.Balancing capacity with uptake will be a main concern for the sector's next phase, given that grid buildout lags renewable capacity additions, S&P credit analyst Christopher Yip said.Meanwhile, regions with renewable output surpassing demand face curtailment risks, the analyst said.Producers who are able to optimize their trading strategy or distribute through better grid systems should survive this more demanding phase, S&P said.A full supply chain anchoring solar and wind generation and grid infrastructure should support lower costs for local players compared to global peers, S&P said.

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