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Shenzhen Composite Index

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844 stories mentioning Shenzhen Composite IndexUpdated 8h ago

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

Market Chatter: US Lawmaker Warns Against AI Sales to China

U.S. House Foreign Affairs Committee Chair Brian Mast warned that expanded artificial intelligence trade with China could undermine U.S. national interests, The South China Morning Post reported Wednesday.He said commercial gains for American firms may ultimately weaken the U.S.' global edge, according to the report.Mast compared AI technology to advanced fighter jets that the U.S. refuses to sell to rivals such as China, Russia, Iran and North Korea, saying America must stay technologically ahead, the SCMP 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.)

Shanghai Composite^SZSE

Market Chatter: YMTC Begins Pre-IPO Tutoring

Yangtze Memory Technologies or YMTC has begun preparing for its planned initial public offering on the Shanghai Stock Exchange, Bloomberg News reported on Tuesday, citing a company statement.The Chinese chipmaker tapped local brokers CITIC Securities and CSC Financial for the pre-listing tutoring process, 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.)

Shanghai Composite^SZSE

Market Chatter: Putin Invites Xi for 2027 Russia Visit

Russian President Vladimir Putin has invited his Chinese counterpart Xi Jinping to visit Russia in 2027, saying that the ties between their two countries are at "an unprecedented level," Reuters reported Wednesday.(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

Xi Calls for Swift End of Middle East Hostilities

Chinese President Xi Jinping called for the immediate halt of hostilities in the Middle East during Russian President Vladimir Putin's state visit to China, Xinhua News reported Wednesday.Xi said the situation of the Gulf region is at "a critical juncture between war and peace."

Shanghai Composite^SZSE

Market Chatter: Xi-Putin Meeting to Increase Russian Energy Exports to China

The meeting between Chinese President Xi Jinping and Russian leader Vladimir Putin could substantially raise Russia's energy exports to China, the Financial Times reported Tuesday.The Kremlin expects both leaders to hold "serious" and "very detailed" discussions on the Power of Siberia 2 gas pipeline, a long-delayed project, the report said.Russia's Gazprom will build the pipeline, set to carry 50 billion cubic meters to China from Russian gas fields that once served Europe, Reuters and the Financial Times said.Moscow could push for the pipeline to offset its losses in Europe following its invasion of Ukraine, the FT said, citing analysts.(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

Market Chatter: US Charges Shipping Container Giants Over Pandemic Supply Cuts

The U.S. Justice Department has charged seven Chinese executives and four major shipping container firms with conspiring to restrict supply and inflate container prices during the COVID-19 pandemic, Reuters reported Tuesday.Together, the companies produce about 95% of global standard dry containers, according to the report.Officials allege they colluded from November 2019 to January 2024, forcing American consumers to pay more and wait longer for goods, Reuters wrote.Singamas Container (HKG:0716) executive Vick Ma was arrested in France in April, 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^SZSEHKG:0716

Market Chatter: Putin Could End Up 'Regretting' War with Ukraine, Xi Tells Trump

Chinese President Xi Jinping told his U.S. counterpart Donald Trump that Russian leader Vladimir Putin might end up regretting waging war against Ukraine, the Financial Times reported Tuesday, citing several people familiar with the U.S. assessment of the Trump-Xi meeting.Xi made the comment during his meeting with Trump last week that tackled the Ukraine situation, the sources reportedly said.Trump was also said to have suggested that the three leaders cooperate against the International Criminal Court, according to the news outlet.Xi's comments may have gone even way back, with one source familiar with Xi's meetings with former U.S. President Joe Biden saying that while the two leaders held frank conversations about Ukraine, Xi had not expressed his opinion of the war, the FT 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.)

Shanghai Composite^SZSE

China, US to Hold Formal AI Governance Dialogue

China and the U.S. agreed to conduct a formal dialogue to improve the governance of artificial intelligence, a Foreign Ministry spokesperson said in a Tuesday press conference.Spokesperson Guo Jiakun said U.S. President Donald Trump and Chinese Xi Jinping had "constructive exchanges on AI issues" during Trump's visit to Beijing last week."As two major AI powers, China and the United States should work together to promote the development and governance of AI, and to better enable AI to serve the progress of human civilization and the common well-being of the international community," Guo said.On his return to the U.S., Trump told reporters last week that he and Xi discussed the possibility of developing "guard rails" for AI, according to a Tuesday report on the South China Morning Post.

Shanghai Composite^SZSE

Market Chatter: Bessent Says G7 Targets China Over Export Surge

U.S. Treasury Secretary Scott Bessent said Group of Seven finance leaders focused heavily on China's export-driven trade imbalance during recent talks, citing the global impact of Beijing's manufacturing push, Reuters reported Tuesday.Bessent warned that Chinese exports, including electric vehicles, could hurt Western economies without stronger trade barriers, 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

Market Chatter: Bessent Says US Not in Hurry to Extend Trade Truce With China

U.S. President Donald Trump is not in a hurry to extend a trade truce on tariffs and critical minerals, which are set to expire in November, Reuters reported Tuesday, citing U.S. Treasury Secretary Scott Bessent in an interview.Bessent, who was part of Trump's delegation in his Beijing trip last week, said be believes China will accept the restoration of previous tariff rates through new Section 301 duties, as long as they don't become higher, the report said.China was able to obtain lower duties after the U.S. Supreme Court decided to strike down Trump's global emergency duties. Bessent said at the sidelines of the G7 finance leaders meeting in Paris that China has "been satisfactory" except in fulfilling their terms on critical minerals, according to the media outlet.Bessent said he will meet with Vice Premier He Lifeng to talk about trade matters ahead of Chinese President Xi Jinping's visit to Washington in September, 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.)

Shanghai Composite^SZSE

International77d ago

China Keeps Key Rates Steady in May

China's central bank left benchmark rates unchanged in May for the 12th straight month as predicted by analysts.The one-year loan prime rate is retained at 3%, while the five-year LPR stays at 3.5%, according to the People's Bank of China on Wednesday.The LPR is in line with the forecast of analysts polled by Reuters.

Shanghai Composite^SZSE

Chinese Shares Rise as Xi Hosts Putin; Guandian Defense Technology Falls 52%

Chinese shares rose on Tuesday as the country was set to host Russian leader Vladimir Putin following U.S. President Donald Trump's high-profile visit.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.9% to 4,169.54. The Shenzhen Component Index climbed 0.3% to 15,569.91.Putin is scheduled to visit Xi on Tuesday and Wednesday, with the trip touted as evidence that the two countries' relations are "all-weather" despite the West calling on Beijing to pressure Moscow to end its offensive in Ukraine.The visit will help both countries support one another on issues "affecting the core interests of both countries, including protection of sovereignty and state unity," Putin said.Kremlin spokesman Dmitry Peskov said all items on the countries' bilateral agenda will be discussed, including the proposed Power of Siberia 2 gas pipeline, which is expected to deliver an additional 50 billion cubic ⁠meters per year to China from Russia's Arctic gas fields.In corporate news, Guandian Defense Technology (SHA:688287) said Li Chao resigned as chief financial officer due to personal reasons, according to a Tuesday filing with the Shanghai bourse. Shares of the unmanned aerial vehicle systems developer fell 52% Tuesday.

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Market Chatter: Lithium Producers Underestimate Demand Surge From Heavy Transport, Tianqi CEO Warns

Lithium producers have not been fully prepared for an increase in demand from new battery-powered industries, the Financial Times reported Tuesday, citing Tianqi Lithium (HKG:9696, SHE:002466) Chief Executive Officer Frank Ha.While most lithium producers have anticipated the growing demand for the material over the next decade, many had not prepared for the surge in demand from battery-powered trucks, mining equipment, and ships, the FT said, citing Ha."This is going to be a huge increase," the FT quoted Ha as saying.Existing supply projects could not likely meet demand beyond the mid-2030s, and annual lithium demand could top 13 million tonnes by 2050, the FT said, citing Wood Mackenzie.According to International Energy Agency (IEA) data, global lithium demand has jumped by an average of 30% annually this decade, a sharp acceleration from the 10% growth rate seen in the 2010s.(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:9696SHE:002466

Putin to Meet Xi in Beijing Days after Trump Visit

Russian President Vladimir Putin will visit Chinese counterpart Xi Jinping, days after U.S. President Donald Trump concluded his trip to Beijing, according to multiple media reports.Putin is scheduled to be in China Tuesday and Wednesday, and the Russian leader's visit does not bear any connection to Trump, the Associated Press reported Tuesday, citing presidential aide Yuri Ushakov's remarks to reporters.The Russian leader's 25th visit was agreed upon in advance during Putin and Xi's video conference on Feb. 4, the news agency said, citing Yushakov.China and Russia have touted the trip as evidence that their relations are "all-weather" despite the West calling on Beijing to pressure Moscow to end its offensive in Ukraine, Reuters reported separately.The visit will help both countries support one another on issues "affecting the core interests of both countries, including protection of sovereignty and state unity," Putin said in a video message before he arrives in Beijing."Without allying against anyone, we seek peace and universal prosperity," the Kremlin's English translation of Putin's message ahead of his visit to Beijing said Tuesday.

Shanghai Composite^SZSE

International78d ago

Market Chatter: Chinese Investment in Europe Surges to Highest Since 2018, Study Finds

Chinese investment in Europe surged 67% to 16.8 billion euros, the highest level since 2018, German newspaper Handelsblatt reported, citing information obtained from Merics and the Rhodium Group.Greenfield investments, where investors build new factories rather than buy companies, jumped 51% to nearly 9 billion euros, 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.)

Shanghai Composite^SZSE

China Rolls Out Action Plan to Strengthen Employment

China's State Council launched an action plan to bolster employment, according to a Monday press release on the State Council's webpage.The action plan aims to strengthen employment within the manufacturing sector amid the development of artificial intelligence in many enterprises.New jobs will also be created through the development of specialized services.The action plan will also include support for stabilizing employment in the construction industry.About 2.99 million new urban jobs were created in China in the first quarter, with the average urban unemployment rate standing at 5.3%.

Shanghai Composite^SZSE

International78d ago

China Logs Forex Settlement of $257 Billion in April

Chinese banks settled $257.3 billion and sold $217.2 billion in foreign exchange in April, according to a Monday news release with the State Administration of Foreign Exchange.Banks' forex receipts on behalf of clients totaled $832 billion, while forex payments reached $770 billion.From January to April, banks cumulatively settled $1.024 trillion and sold $844.9 billion in forex. Banks' cumulative forex receipts on behalf of clients reached $3.038 trillion, and cumulative foreign exchange payments totaled $2.890 trillion.

Shanghai Composite^SZSE

Market Chatter: Russia Sets 'Serious Expectations' for Putin's Visit to China

Russia said it has "very serious" expectations for President Vladimir Putin's visit to Beijing, which aims to bolster the "privileged partnership" between both countries, Reuters reported Monday, citing Kremlin spokesman Dmitry Peskov.The visit, taking place on Tuesday and Wednesday, follows U.S. President Donald Trump's two-day trip and meeting with Chinese President Xi Jinping a week earlier.When asked whether the proposed Power of Siberia 2 gas pipeline will be on the table, Peskov confirmed that all items on the bilateral agenda will be discussed with Xi, Reuters reported.The Power of Siberia 2 gas pipeline is expected to deliver an additional 50 billion cubic ⁠meters per year from Russia's Arctic gas fields via Mongolia to China.(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

Chinese Solar Cell Exports Climb 60% in April

Chinese solar cell exports grew 60% by volume year over year to 1.34 billion pieces in April, according to data from the General Administration of Customs released Monday.The figure follows an 80% rise in March, Bloomberg News reported separately.The amount grew 34% year over year to 21.6 billion yuan, Customs said.For the first four months, solar cell exports grew 43% year over year to 4.96 billion pieces, with the total amount jumping 31% to 81.7 billion yuan.The rise could be attributable to energy supply disruptions from the war in Iran, Bloomberg said.

Shanghai Composite^SZSE

Market Chatter: EU Said Planning New Rules on Critical Components Supply to Cut China Reliance

The European Commission is reportedly drafting a new law to cap what can be bought from a single critical components supplier to 30% to 40%.The plan, said to support the bloc's hopes to reduce dependence on China, will require European companies to source components from at least three suppliers from different countries, London's Financial Times reported Monday, citing two officials familiar with the matter."On 29 May, the European Commission will hold an orientation debate on EU-China relations. Orientation debates are a regular practice... By their nature, we do not comment on the internal discussion or on any details in that regard, but we can confirm that such debates do not involve the adoption of formal proposals," a spokesperson for the commission toldin response to a 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^SZSE

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