Shenzhen Composite Index

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.

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.

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.

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.)

Hang SengShanghai Composite^SZSE

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.

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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.

Chinese Shares Open Lower as US Fed Signals Rate Hikes

Chinese shares opened lower on Thursday as worries about possible U.S. Federal Reserve rate hikes brought down appetite for Chinese equities.The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.4% to 4,094.23. The Shenzhen Component Index slid 0.3% to 15,826.79.The U.S. Fed kept its interest rate unchanged between 3.5% and 3.75% for the fourth-straight time but signaled that a rate hike is ahead.The Fed said "inflation remains elevated relative to the Committee's 2% goal" and that it will "deliver price stability."

Market Chatter: China to Support Launch of Actively Managed ETFs

China will support the launch of actively managed exchange-traded funds in Shanghai and Shenzhen, Bloobmerg reported Wednesday, citing China Securities Regulatory Commission Chairman Wu Qing.Wu made the remarks during the yearly Lujiazui Forum in Shanghai on the same day, the report said.Beijing's approval would signal changes beyond the index-tracking products dominating the Chinese ETF market, according to the news outlet.(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^SZSEBOM:517334NSE:MOTHERSON

India's Samvardhana Motherson to Buy Controlling Stake in Shenzhen Autocruis for 153 Million Yuan

Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) is investing 153.3 million yuan for a controlling stake in Shenzhen Autocruis Technology, subject to customary conditions.The cash deal will give the Indian manufacturer of automotive components a 67.78% stake in the Chinese automotive-focused computer vision technology company after an equity subscription and a related buyback, according to a Wednesday filing.Samvardhana will carry out the transaction via its SMR Langfang subsidiary, with deal closing expected in the third quarter of fiscal 2027.

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Market Chatter: China to Support Hong Kong's Launch of Five-Year RMB-Denominated Treasury Bond Futures

China will boost its support for Hong Kong's launch of five-year renminbi-denominated treasury bond futures, the South China Morning Post reported Wednesday, citing China Securities Regulatory Commission Chairman Wu Qing.Wu made the remarks during the annual Lujiazui financial forum in Shanghai.The chairman did not mention any timeline for the city to launch the bonds, but the development could signal that the financial derivative product could materialize soon in Hong Kong after regulatory discussions, 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 Central Bank Announces Policy Support Measures, Hints at Shift to Overnight Policy Rate

Pan Gongsheng, governor of the People's Bank of China, on Wednesday announced six new financial policy measures at the 2026 Lujiazui Forum in Shanghai, including refining the short-term interest rate regulation mechanism, according to state media Xinhua News.The operational rates will be adjusted to the seven-day reverse repo rate plus or minus 25 basis points, narrowing the corridor from 70 to 50 basis points, Pan said.The governor added that the central bank will also enrich its open market operation tools by adding overnight reverse repo operations to better meet short-term liquidity needs in the banking system.Other measures include creating a repo facility for overseas central banks, studying a macro-prudential liquidity support tool for non-bank institutions, piloting offshore yuan forex trading in the Shanghai Free Trade Zone, issuing an action plan for offshore finance in Shanghai and launching the interbank market data repository.

China Flags UK Sanctions Against Four Chinese Entities over Involvement with Russia Military

China's embassy in the U.K. filed "serious representations" with authorities in London after Britain released sanctions against four Chinese entities for their alleged involvement in Russia's military, according to a statement from the embassy released Tuesday.The embassy called on London to correct what it says are "wrongdoings" and withdraw the sanctions against the four entities.China has promoted peace talks and has controlled the export of dual-use items, the embassy said."Normal exchanges and cooperation between China and Russia should not be disrupted or affected," the spokesperson said.

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Chinese Shares Rise as Central Bank Unveils Major Financial Policy Measures

Chinese shares closed higher on Wednesday, driven by supportive policy signals from the country's central bank.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.4% to 4,108.08. The Shenzhen Component Index soared 1.3% to 15,880.95.Pan Gongsheng, governor of the People's Bank of China, on Wednesday announced six new financial policy measures at the 2026 Lujiazui Forum in Shanghai.These include refining the short-term interest rate regulation mechanism, creating a repo facility for overseas central banks, studying a macro-prudential liquidity support tool for non-bank institutions, piloting offshore yuan forex trading in the Shanghai Free Trade Zone, issuing an action plan for offshore finance in Shanghai and launching the interbank market data repository.Also, 26 financial institutions signed direct participant agreements with China's digital yuan operation center in Shanghai. Through the Cross-border e-CNY Transfer Services (CBETS), participants can directly connect with the payment systems of foreign central banks and overseas financial institutions, slashing the settlement period to just a few hours from several days.In company news, Yangzhou Yangjie Electronic Technology (SHE:300373) secured a conditional nine-month exemption from European Union sanctions under Resolution (CFSP) 2026/1333. Shares of the power semiconductor wafer manufacturer closed 5% higher Wednesday.

Research95d ago

Fitch Upgrades Hefei Industry Investment's IDR to 'BBB+'

Fitch upgraded state-owned Hefei Industry Investment Holding (Group)'s long-term foreign- and local-currency ratings or IDR to 'BBB+' from 'BBB', according to a Tuesday press release from the ratings agency.The ratings agency also upgraded two of the company's bonds to 'BBB+' from 'BBB'. The bonds, which was issued by subsidiary Xianjin Industry Investment, were the senior unsecured $300 million 5.8% bond due 2026 and $500 million 4.75% bond due 2028.Fitch revised its assessment of the Hefei municipal government's oversight of the company to 'very strong' from 'strong' because OF its strong decision-making role over HIIG's projects, which are in line with the Chinese province's economic agenda.

26 Financial Institutions Sign Up for Digital Yuan Cross-Border Payment Platform

Twenty-six financial institutions on Tuesday signed direct participant agreements with China's digital yuan operation center in Shanghai, according to a same-day Xinhua News report.Through the Cross-border e-CNY Transfer Services (CBETS), participants can directly connect with the payment systems of foreign central banks and overseas financial institutions, slashing the settlement period to just a few hours from several days, according to the state-owned media report.The first batch of direct participants includes Standard Chartered China and several Chinese-funded banks' branches in Thailand, Singapore, Laos and Qatar.

Fitch Affirms Shandong Finance Investment's A- Rating

Fitch Ratings affirmed the A- rating of centralized financing platform Shandong Finance Investment Group's long-term issuer default ratings, with a stable outlook.The affirmation reflects the Shandong government's continued support for the China state-owned company and strong linkage between the two, according to a Tuesday commentary.The stable outlook reflects the expectation that Shandong province's creditworthiness and the company's support score will remain steady.

Market Chatter: BHV-Shein Partnership Ends Seven Months After Public Criticism

Parisian department store BHV has terminated its partnership with Chinese fast-fashion giant Shein, just seven months after the collaboration sparked public backlash, Reuters reported Tuesday.Societe des Grands Magasins, which has owned BHV since 2023, is selling the store to an internal management team led by Karl-Stéphane Cottendin, who said the tie-up was a mistake, according to the report.Shein said it respected the decision but expressed regret that shoppers had to contend with ongoing construction inside the store, 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.)

Market Chatter: U.S. Government Holds Off on Adding Chinese Firms, Including DeepSeek, to Trade Blacklist

The U.S. government has held off on adding more than 100 Chinese companies, including artificial intelligence startup DeepSeek and memory chipmaker CXMT, on a trade blacklist to avoid raising tensions with Beijing, Reuters reported Wednesday.The firms were flagged for inclusion to the Commerce Department's Entity List due to national security risks.According to Reuters, the U.S. government believes DeepSeek supported China's military and intelligence operations and tried to illegally access advanced U.S. chips through Southeast Asian shell companies.CXMT was similarly designated as a Chinese military company by the Biden administration but is yet to be added to the list, the report said.DeepSeek and CXMT did not immediately respond to requests for comment by.(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 Shares Fall at Open Amid Weak Economic Data, Fed Caution

Chinese shares opened lower on Wednesday as weak economic data and a cautious global outlook ahead of the Federal Reserve's upcoming policy path weighed on market sentiment.The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.4% to 4,074.29. The Shenzhen Component Index fell 0.7% to 15,569.92.Investors in the local equities market tracked losses on Wall Street, with the S&P 500 finishing lower on Tuesday ahead of the US Federal Reserve's upcoming policy announcement.At home, government data released Tuesday showed that China's property sector continued to struggle, with new home prices in 70 major cities decreasing 3.5% year over year in May.Property investments fell 16.2% year over year in the first five months of the year, faster than the 13.7% fall recorded in the four months ended April.On the consumption side, retail sales fell 0.6% year over year to 4.109 trillion yuan in May, marking the first decline since December 2022.Industrial output growth, however, quickened to 4.5% in May from 4.1% in April.