519 stories mentioning ^SZSE
Every FINWIRES story that references ^SZSE, newest first.
China on Wednesday cut gasoline prices by 555 yuan per tonne and diesel by 530 yuan, following sharp swings in international crude oil prices.The National Development and Reform Commission said the 10-day average remained below the previous cycle despite a recent rebound.State oil giants China National Petroleum, China Petrochemical and China National Offshore Oil have been ordered to ensure stable supply.
China introduced a set of measures that aims to boost the quality and efficiency of the service sector, the State Council said in a Tuesday press release.The measures will address weaknesses within the sector to ensure quality services in the elderly care and childcare services, as well as healthcare and culture, tourism and sports.The policy will also include the coordination of the establishment of major open cooperation platforms, such as the service trade's demonstration zones for innovative development.The service sector's total scale is expected to be worth 100 trillion yuan by 2030.
Chinese stocks continued their upward trend on Wednesday as investors showed cautious optimism following the extension of a truce between the U.S. and Iran.The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.5% or by 21.18 points to 4,106.26. The Shenzhen Component Index rose 1.3% or by 195.15 points to 15,177.29.The rise comes as U.S. President Donald Trump said he would indefinitely extend a truce with Iran to accommodate more peace negotiations, Reuters reported separately Wednesday.Investors seemed to have heaved a sigh of relief even if it was not yet clear whether Iran or Israel would adhere to the extension, Reuters said.The market has also become increasingly numb to the effects of geopolitical tensions, with Middle East geopolitical risks gradually easing, according to the newswire, citing Nanhua Futures analysts.In corporate news, China United Network Communications' (SHA:600050) shares dropped 3% during the closing bell following an 18% fall in first-quarter profit to 2.14 billion yuan.China Petroleum & Chemical (SHA:600028) or Sinopec's Shanghai shares slipped 1% after one of its units trimmed its stake in battery giant Contemporary Amperex Technology (SHE:300750, HKG:3750) by 8.5 million shares, equivalent to HK$6 billion, multiple media reports said. CATL's Shenzhen shares fell nearly 1%.
Volkswagen unveiled plans to launch new artificial intelligence-powered "agents" in China that would be able to interact with drivers on a "human-like" level, the German car group said in a Wednesday press release.The AI agent, which incorporates a locally trained large language model, will be installed in all vehicles made for the Chinese market and will be introduced in the second half of the year."Unlike a simple voice assistant that reacts to specific commands, an Agentic AI proactively understands user intent, executes complex, multi-system actions, and makes contextual decisions to achieve a goal through natural conversation," Volkswagen said.The automaker also said it will expand to 30 electrified vehicle models by 2027 and 50 more by 2030, including 30 all-electric vehicles.
Tesla completed the registration of its artificial intelligence-powered voice assistant feature in Shanghai, Reuters reported Tuesday, citing the Chinese city's local authority.The U.S. electric vehicle maker's AI system is among 158 AI-powered applications and functionalities filed in the city, the report said.The filing is part of the Chinese government's aim to regulate the AI-powered technology, the report 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.)
Chinese silver imports surged to an all-time high of 836 tons in March, Bloomberg reported Monday, citing Customs.The haul compares with the country's 10-year seasonal average of 306 tons, Bloomberg said.Investors piled into small silver bars as an alternative to expensive gold, while solar manufacturers frontloaded more silver ahead of the removal of export tax rebates on April 1, the report said.Solar companies consume about 20% of silver annually, the report 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.)
China flagged concerns about the U.S.' seizure of an Iranian-flagged ship in the Strait of Hormuz, calling it a "forced interception," Foreign Ministry Spokesperson Guo Jiakun said Monday."The situation in the Strait of Hormuz is sensitive and complex," Guo said, adding that parties should abide by the truce and "provide the necessary conditions for the restoration of normal passage through the strait."The cargo ship had travelled from China, Reuters reported separately, citing the Iranian military.
The Russian government expects to sell natural gas to China at prices 38% lower than those paid by Europe, Bloomberg reported Monday, citing two people familiar with governmental forecasts.Russian gas prices for the Chinese market are seen to hit $258.80 per 1,000 cubic meters this year, more than one-third of the price offered to its remaining European buyers, the report said.The gap could narrow in the next three years but will only be more than 27% in 2029, the report said.The lower prices could explain why a pivot to China could not offset Russia's losses in its Western markets, Bloomberg said.Most European markets severed with Russia over the conflict in Ukraine, the report 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.)
China's civil aviation passenger trips rose more than 12% to 66.6 million in March, Xinhua News Agency reported Monday.Domestic passenger trips jumped around 12% year over year to 59.5 million, while international passenger trips grew 17% year over year to 7.1 million, the report said.Cargo and mail transport increased 4.2% to 851,000 tonnes.Throughput on domestic routes edged up 1.3% to 458,000 tonnes, while throughput on international routes expanded 7.8% to 393,000 tonnes.
China's registered unmanned aerial vehicle (UAV) fleet rose 51% year over year to 3.3 million units in 2025, Xinhua News Agency reported Monday, citing the Civil Aviation Administration.Flight hours on UAVs surged nearly 70% to 45.3 million during the year.
The Chinese service sector's value-added output comprised 61.7% of gross domestic product in the first quarter, a year-on-year increase of 0.4 percentage points, Xinhua News Agency reported Monday, citing the National Bureau of Statistics.The economic growth contribution of the sector rose 4 percentage points to 63.2%, the report said.Service retail sales increased 5.5%, while goods retail sales jumped 3.3 percentage points, Xinhua said.
Asia-Pacific agrochemical issuers are capable of cushioning against increased freight, fuel, and input costs due to the Middle East conflict, preventing near-term rating pressure, Fitch Ratings said in a recent release.Nufarm (ASX:NUF), UPL (NSE:UPL, BOM:512070), and Syngenta Group have narrow direct vulnerabilities from the region, differentiated sourcing, and ample inventory serving as buffers for the first-round impact on earnings, Fitch said.Fitch expects supply chain disruption to not be impactful enough on the issuers' credit profiles in the near term, especially with operating flexibility and geographic diversification.Issuers' credit strength will also gain support from their business mix, although this would be uneven across products, with seeds the most staunch due to their key role in crop planning and fertilizers being more exposed amid a growing share of farmers' costs.The impact of crop protection lies between the other two products since its demand is less inelastic than food demand, Fitch said.The rating agency still sees dampened near-term profitability due to a gradual and initially incomplete cost pass-through.
Chinese stocks edged up Tuesday as investors brace for the impact of peace talks between the U.S. and Iran on global energy shocks.The Shanghai Composite Index, the main gauge of Chinese stocks, gained 2.95 points to reach 4,085.08. The Shenzhen Component Index rose 0.1% or by 15.39 points to 14,982.14.The truce between the U.S. and Iran is set to expire on Wednesday, and Pakistan has been preparing for a fresh round of talks between Washington and Tehran even as President Donald Trump doused hopes for an agreement to end the conflict, the Associated Press reported separately Tuesday.Back home, Chinese equities are seen to rise 5% to 10% toward the end of the year with some positive developments shaping up, Reuters reported separately Tuesday, citing analysts at Morgan Stanley.However, volatility remains high, especially with the Middle East conflict, first-quarter earnings, and the anticipation with the meeting of Trump and Chinese counterpart Xi Jinping, Reuters said, citing the analysts.In corporate news, debutant Hangzhou Fuen (SHE:001312) closed 66% higher on its first trading day on the Shenzhen bourse. The Chinese textile product manufacturer's shares opened 98.6% higher earlier in the day.Shanghai-listed SJ Semiconductor (SHA:688820) surged 289% during the closing bell. The semiconductor wafer manufacturer opend 407% higher on Tuesday.
China kept its benchmark lending rates --- loan prime rate or LPR --- unchanged in April after posting a better-than-expected economy during the first quarter despite the ongoing Middle East conflict.The People's Bank of China held the one-year LPR at 3% and the LPR of five years or more at 3.5% for the 11th consecutive month, according to a Monday press release from the central bank.Analysts from ING expected no changes to the LPR, following the country's first-quarter economy, which remained within the year's target range of 4.5% and 5%.Official gross domestic product grew 5% during the period, according to last week's data from the National Bureau of Statistics. It came after inflationary growth in March slightly eased 1% from the 1.3% hike in February.Yu Song, UBS Securities' China economist, said the government might be taking a "wait-and-see" approach as it takes time to evaluate the impact of the conflict between the U.S. and Iran, according to a Sunday report from CNBC.In an April 16 note, ING's chief economist for greater China, Lynn Song, said China would likely need to introduce more financial stimulus if external demand starts to weaken.Official data from the NBS showed that exports in March rose 2.5% but have been a drag compared to the 21.8% surge in the period between January and February.Still, China outperformed its international counterparts amid the oil price shock brought by the Iran war, ING's Song said."This came despite widening U.S.-China yield spreads. The main factor in the near term is likely the People's Bank of China signaling tolerance for further appreciation after briefly pushing back on it before the Iran war," Song said. "Sentiment may also have been buoyed by renewed talk of a potential 'petroyuan' emergence after reports that Iran wished to collect tolls on passage through the Strait of Hormuz in CNY (renminbi)."
Chinese clean technology exports increased in March, indicating higher demand for alternative energy sources amid the war in Iran, Bloomberg reported Saturday, citing Customs.Lithium-ion battery exports climbed 34% year over year while electric vehicle exports jumped 53%, the report said.Solar cell exports soared 80% during the month, the report 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.)
China Central Bank Governor Pan Gongsheng said artificial intelligence is bringing about a new era of technological and industrial reforms that could drive more opportunities and risks.In remarks during a meeting of the International Monetary Fund in Washington, Pan said geopolitical tensions dragged global economic growth and worsened financial stability, according to a statement by the People's Bank of China released Saturday.Pan made the remarks during a meeting with major imultilateral lenders in Washington, Bloomberg reported separately.
China and Turkmenistan plan to deepen their cooperation in the energy sector following the groundbreaking of a gas field project, Xinhua News Agency reported Saturday.The two countries launched the fourth phase of the Galkynysh gas field.Both Chinese Vice Premier Ding Xuexiang and Turkmen President Serdar Gurbanguly Berdimuhamedov attended the ceremony, Xinhua reported.
Continued elevated competition between major companies in China's on-demand delivery market raises the risk of a persistent price war amid a delay in subsidy reductions until 2028, S&P Global Ratings said in a recent release.These create adverse conditions for all players, S&P said.Major platform operators Meituan (HKG:3690), JD.com (HKG:9618), and Alibaba Group Holding (HKG:9988) have allocated significant spending to seize a share of the on-demand delivery markets, such as food and online retail, S&P senior analyst Jay Lau said.These fast-paced segments account for more than 6% of China's retail sector, S&P said.The negative impact of the price war will be greater than expected, continuing the negative trend on major players' EBITDA since 2025, Lau said.
The week ahead in Asia is packed with releases covering trade, inflation, and central bank updates which could offer markets fresh clues on how the region is navigating the conflict in the Middle East.Monday begins with trade data from New Zealand and Malaysia, as well as the release of China's loan prime rates.Attention then turns Tuesday to New Zealand's first-quarter inflation report, followed by Bank Indonesia's interest rate decision and Japan's March trade figures on Wednesday.Thursday brings another key central bank decision from the Philippines, as well as first-quarter GDP data from South Korea. Flash PMI reports from India, Japan and Australia will also be closely watched.Friday rounds off the week with Japan's March inflation data, as well as Thailand's trade report.Here's what to watch in the week ahead.MONDAY, April 20The week kicked off with the release of trade data from New Zealand and Malaysia.New Zealand recorded a goods trade surplus of NZ$698 million in March, compared with a deficit of NZ$364.7 million in February.Goods exports rose 7.3% to NZ$7.94 billion, while imports rose 9.6% to NZ$7.25 billion.Malaysia's total trade in goods rose 9.3% annually to 273 billion ringgit in March, driven by growth in both exports and imports.Exports increased 8.3% year on year to 148.8 billion ringgit, while imports rose 10.4% to 124.2 billion ringgit.China kept its loan prime rate or LPR, which is the benchmark for new loans, unchanged after posting a better-than-expected economy amid the Middle East conflict.The People's Bank of China held the one-year LPR at 3% and the LPR of five years or more at 3.5%.Economists at ING said the central bank may keep the rates on hold until conditions warrant monetary policy support. The People's Bank of China has maintained the one-year and five-year LPR since May 2025.TUESDAY, April 21New Zealand is due to report its first quarter inflation data.The country's consumer price index is anticipated to rise by 0.8% quarter on quarter and 2.9% year on year, BofA Securities estimated, slightly below the Reserve Bank of New Zealand's revised April forecast of 3%.Headline inflation is driven by soaring fuel prices in March due to the Middle East conflict, with petrol prices surging nearly 19% and diesel by nearly 43% month on month, according to the firm's research.Taiwan will release its export orders data. According to ING, the city state could see a rebound in orders to around 48.1% year on year from 23.8% previously.WEDNESDAY, April 22Indonesia's central bank will meet for its interest rate decision.ING said it expects Bank Indonesia to keep its policy rate at 4.75% despite inflation running above the central bank's 2.5% target. At 3.5%, inflation is still well below the roughly 5% peak in 2022 that triggered aggressive rate hikes, and with growth softening, the central bank is likely to remain on hold, according to ING.Japan's March trade figures will also be in the news. ING said it expects strong Japanese export growth in March thanks to demand for semiconductors and IT products, pushing the country's trade surplus to 1 trillion yen from 44.3 billion yen in the month prior.Elsewhere, South Korea reports producer price inflation data for March.THURSDAY, April 23Another interest rate decision, this time in the Philippines.The island nation's economy is one of the most susceptible to oil shocks in the region, and the Bangko Sentral ng Pilipinas' upcoming decision is "likely to be close" amid the current geopolitical situation in the Middle East, ING said in a preview.Still, the firm said its base case is for the central bank to maintain rates at 4.25%.South Korea's advance estimates for GDP growth for the first quarter will also capture headlines.Most analysts expect a rebound in growth after the economy contracted in the previous quarter, the Wall Street Journal reported.Barclays economist Bumki Son said the economy is likely to show a growth of 1.2% on a quarterly basis and 3% on a yearly basis thanks to stronger exports and a recovery in private consumption and facility investment, the WSJ reported.A consumer confidence report is also due in South Korea.Hong Kong and Singapore will announce Inflation data for March.Singapore's March print will capture the initial impact of the energy shock from the Middle East conflict, the WSJ reported, citing DBS economists. According to Trading Economics, the rate of price increase could quick to 1.5% year on year from the 1.2% witnessed in February.In Hong Kong, Trading Economics expects inflation to rise marginally to 1.8% on the year from the 1.7% recorded in February.Hong Kong will also release unemployment data the same day.A number of macro releases are expected in Taiwan, covering March retail sales, industrial production, and unemployment.Similar to its export orders, ING said it expects Taiwan's industrial production to rebound to 25.7% year on year from the 17.8% growth recorded in the month prior.On the activity front, S&P Global releases its flash PMI reports covering manufacturing, services, and composite activity in India, Japan, and Australia.FRIDAY, April 24Markets will await March inflation data from Japan.Core inflation, which excludes fresh food but includes energy, is expected to cool to a rate of 1.8% year on year from the 2% witnessed in February, according to a consensus compiled by Trading Economics.According to ING, efforts by Japan's government to stabilize gasoline prices should keep both headline and core inflation rates below 2%.March inflation data will also be due in Macao, which also reports unemployment rate the same day.Trading Economics estimates that March inflation could clock in at 1.2% year on year, modestly higher than the 1.16% witnessed in February.Unemployment, meanwhile, is expected to rise to 1.8% from 1.7% in the month prior, Trading Economics estimated.In Thailand, trade figures for March will be due.Trading Economics expects the country the post a trade deficit of $2 billion for the month, a reversal from the $2 billion surplus in February.A pair of reports covering business and consumer confidence in the first quarter will be due in the Philippines.A business confidence report covering the second quarter will similarly be made available in Hong Kong.
Chinese stocks edged up Monday after the country's central bank held its benchmark rates and added new market rules.The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.8% or 30.70 points to 4,082.13. The Shenzhen Component Index rose 0.6% or by 81.33 points to 14,966.75.The People's Bank of China held its benchmark rates for the 11th straight month. The PBOC held the one-year LPR at 3% and the LPR of five years or more at 3.5%.ING analysts expected no changes to the LPR as gross domestic product growth stayed within the year's target range of 4.5% and 5% for the first quarter.Meanwhile, China also exported 5,238 metric tons of rare earth magnets in March, down 1.6% from last year but up 11% from February, Reuters reported Monday.Investors remained hopeful about a deal between the U.S. and Iran despite concerns the ceasefire could not hold after the U.S. side said it captured an Iranian cargo vessel that tried to bypass its blockade, Reuters reported the same day.In corporate news, China Northern Rare Earth (SHA:600111) closed 3% higher after disclosing first-quarter guidance. Attributable profit is seen to increase 109% to 118% year over year to between 900 million yuan and 940 million yuan.Hangzhou Hikvision Digital Technology (SHE:002415) finished 4% higher as its first-quarter profit jumped 36% year over year to 2.78 billion yuan.
Showing 421-440 of 519