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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

Market Chatter: China Southern Power Stops Pursuing $4 Billion Transelec Deal

China Southern Power Grid halted efforts to gain control of Transelec, Chile's largest power transmission company, following about two years of negotiations, Bloomberg News reported Wednesday.The Chinese state-owned electricity enterprise, which already holds nearly 28% of Transelec, ended talks with Canadian pension funds owning the remaining 72% stake, the report said, citing people familiar with the matter.The sources said the potential transaction, valued at over $4 billion, faced disagreements over valuation and structure, Bloomberg reported.However, the broader political environment also weighed heavily on the talks, as the U.S. urged Latin American governments to scrutinize Chinese investments in critical infrastructure, the sources reportedly 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
Asia

China's Q1 ESG Bond Issuance Down 21%

China's onshore ESG-labeled bond issuance dropped 21% year on year in the first quarter, following a strong 70% rebound in 2025, according to a Wednesday news release from Sustainable Fitch.Offshore issuance remained subdued, though sovereign activity supported early Q2 momentum.Onshore social bonds were resilient, with corporate participation broadening across utilities and infrastructure.ESG-labeled panda bond issuance doubled annually in Q1, driven by competitive renminbi funding rates, but remained a small fraction of total panda bonds.

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Asia

Market Chatter: Tencent, CATL Among Investors in DeepSeek's Debut Funding Round

Sources said DeepSeek counts Tencent (HKG:0700) and Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, as investors in its debut external funding round, Reuters reported Wednesday.The Chinese artificial intelligence startup is set to raise 50 billion yuan, which could value DeepSeek between 350 billion and 400 billion yuan, according to the report.The fundraising breaks from founder Liang Wenfeng's previous strategy of relying solely on his quant hedge ​fund High-Flyer to back operations, 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.)

Shanghai Composite^SZSEHKG:0700HKG:3750SHE:300750
International

Port Economy Output in Chinese Port Cities Rises in 2025

The added value of the port economy of China's seaport cities reached 7 trillion yuan in 2025, Xinhua reported Tuesday, citing a report by an institute under the Ministry of Transport released during an international shipping expo.The added value of the port economy in the country's inner port cities reached 2.7 trillion yuan, equivalent to 9.7% of their total economic input.Chinese cities' port economy refers to aggregate economic activities around ports.

Shanghai Composite^SZSE
Asia

Market Chatter: China's Carriers to Cut Fuel Surcharges

Chinese airlines, including Air China (SHA:601111, HKG:0753), said fuel surcharges on mainland routes will be reduced for tickets sold from June 5, state-owned media reported Tuesday.The surcharge will decline by 10 yuan to 80 yuan per segment for routes of 800 kilometers or less, and by 20 yuan to 150 yuan for longer routes, according to the report.Infants will remain exempt, while children, disabled servicemen and disabled police officers will receive a 50% discount, Xinhua 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^SZSEHKG:0753SHA:601111
Asia

Several Asian Countries Face Additional US Tariffs Over Forced-Labor Trade Practices

Several Asian countries could soon face additional duties on some of their exports to the U.S. following Washington's probe into imports produced using forced labor, the Office of U.S. Trade Representative (USTR) said Tuesday.The USTR said Bangladesh, Cambodia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Indonesia, Pakistan, and Vietnam are among the 54 economies that have failed to impose and effectively enforce a forced-labor import ban.The USTR proposed a 10% additional tariff for economies that have partially enforced bans on the importation of certain forced-labor goods and a 12.5% tariff for the rest.

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Asia

DiDi Swings to Loss in Q1

Chinese ride-hailing platform DiDi swung to a loss attributable to shareholders of 1.22 billion yuan in the first quarter from the year-ago attributable profit of 2.36 billion yuan, according to the company's press release published Tuesday.Loss per share for the period was 1.05 yuan against the earnings per share of 1.92 yuan a year earlier.Revenue rose 10% year on year to 58.7 billion yuan from 53.3 billion yuan.

Shanghai Composite^SZSE
Asia

Market Chatter: Study Shows China Owning Over 11,000 German-Made Patents

A study showed that China has been owning over 11,300 patents developed in Germany for more than twenty years, Reuters reported Tuesday, citing a study from the German Economic Institute.A foreign entity owns almost one in three German-made inventions, with U.S. owners owning a third and Swiss owners holding about 11%, according to the Bertelsmann Foundation-commissioned study, the report said.China has been particularly active in acquiring technologies in mechanical engineering, where patent applications increased to 4,300 in 2022 from 3,300 in 2000, according to the media outlet.IW expert Oliver Koppel said Europe must make a deeper study on where these technologies are migrating due to the imbalance in Western acquisitions. He also said that Germany's insufficient investment in research and development is putting its domestic innovative capability in a fragile state, the report said.The report said Germany's R&D spending fell to the sixth spot globally in 2021 from the third place in 2000, while China raised its R&D investment twentyfold over the period, 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^SZSE
International

Taiwan to Impose Temporary Anti-Dumping Duties on Steel Imports from South Korea, China

Taiwan will impose temporary anti-dumping duties on cold-rolled flat non-directional electromagnetic steel imports from South Korea and mainland China after preliminary findings indicated dumping practices had caused harm to the domestic industry, the Ministry of Finance announced Tuesday.To prevent further damage during the ongoing investigation, authorities said temporary anti-dumping duties will be imposed starting June 8 for a period of four months.The preliminary findings cover key exporters from South Korea, including POSCO and affiliated firms, as well as all exporters from mainland China, with duties set at 45.7% to 49.8% for Korean suppliers and 26.4% for Chinese shipments.Officials said the review process will continue under prescribed statutory timelines, with final determinations on dumping and industry injury to follow before a decision on long-term anti-dumping measures is made.

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Asia

Market Chatter: Tiger to Bar China-Based Investors from Adding to Positions

Singapore-based Tiger Brokers will not allow its China-based investors to add to their positions when they are physically in mainland China, Reuters reported Tuesday, citing a notice to clients.The brokerage said investors will still be allowed to trade their securities from existing accounts when they travel offshore, Reuters said.The move comes after Chinese authorities informed Tiger and other brokers to wind down the accounts, which are illegal under Beijing's new rules on cross-border transactions, Reuters said.China fined three brokerages in May for operating without proper approvals, among them Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong), also known as Longbridge, according to a May 22 notice by the China Securities Regulatory Commission.(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 Shares Rise on Strong Business Activity Expansion; Beijing Oriental Yuhong Waterproof Technology Down 3%

Chinese shares rose on Wednesday amid the strong expansion of business activity in the country, as sentiment was anchored by the latest May macroeconomic data from S&P Global and the RatingDog economic tracker.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 4,083.97. The Shenzhen Component Index went up 0.7% to 15,704.71.Business activity in China expanded at the fastest pace in three months in May, according to data from S&P Global and RatingDog.On the other hand, the RatingDog China Composite Purchasing Managers' Index came in at 54, compared with 53.1 in the previous month, marking the fastest growth in output since February.Meanwhile, the headline RatingDog China General Services Business Activity Index was 54.4, up from 52.6 previously and above the Investing.com consensus estimate of 52.3. The reading marked the strongest increase in services activity in three months as growth in business activity and new orders continued to accelerate.In company news, Beijing Oriental Yuhong Waterproof Technology (SHE:002271) plans to invest about 542 million yuan to acquire 55% stakes in Indonesian construction materials companies PT IALK and PT ACUM. Shares of the waterproofing system provider closed 3% lower Wednesday.

Shanghai Composite^SZSESHE:002271
Asia

Market Chatter: Tesla's China Sales Rise 39% in May

Sales of Tesla's China-made electric vehicles rose 39% year over year in May, Reuters reported Tuesday, citing the China Passenger Car Association.Deliveries grew 8.2% month on month to 85,982 units, 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.)

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Asia

Market Chatter: DeepSeek to Raise 50 Billion Yuan in Pilot Funding Round

DeepSeek seeks to raise about 50 billion yuan in its first funding round, potentially valuing the Chinese artificial intelligence startup between 350 billion yuan and 400 billion yuan, Reuters reported Wednesday, citing sources.Tencent (HKG:0700) and Contemporary Amperex Technology (SHE:300750, HKG:3750) are expected to become the biggest investors in the fundraising as they are considering injecting 10 billion yuan and 5 billion yuan, respectively, the report said.The AI firm is in discussions with China's national artificial intelligence fund, as well as NetEase (HKG:9999) and JD.com (HKG:9618), to participate in the fundraising, according to Reuters.DeepSeek's founder, Liang Wenfeng, pledged to inject 20 billion yuan into the startup, sources reportedly told the media outlet.DeepSeek, Tencent and CATL are yet to 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^SZSEHKG:0700HKG:3750HKG:9618HKG:9999SHE:300750
Asia

US Seeks Comments on China Trade Board

The U.S. Trade Representative (USTR) launched a public comment period to gather input on establishing a new bilateral governance framework, referred to as the U.S.-China Board of Trade.The framework is designed to manage trade relations between the two countries on an ongoing basis, according to a Tuesday press release.The USTR is seeking public feedback on specific categories of non-sensitive products that could benefit from tariff adjustments on both sides, with the goal of achieving a more balanced and reciprocal trade relationship.The deadline for comment submission is July 10. Responses to those comments are due July 27.

Shanghai Composite^SZSE
Asia

Market Chatter: China Sees Rebound in LNG Imports in May

China's liquefied natural gas imports rose to 4.9 million tons in May, marking a marginal year-on-year increase. The rebound offers a stark contrast to April's imports, which hit an eight-year low, with the country raising purchases to satisfy summer demand, Bloomberg News reported Tuesday.The Iran war has choked Gulf shipments, which typically supply one-third of China's needs. Qatar's drop was offset by increases from Canada, Malaysia, Oman and Russia, according to the report.State-owned CNOOC (SHA:600938, HKG:0883) and Zhejiang Energy have purchased cargoes for June and July delivery amid falling inventories and expected hot summer weather, Bloomberg 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^SZSEHKG:0883SHA:600938
Asian Banking Sector Surges Past Automobiles to Lead May Activity Growth, S&P Global Survey Finds
US Markets

Asian Banking Sector Surges Past Automobiles to Lead May Activity Growth, S&P Global Survey Finds

Most Asian business sectors expanded in May, with banking overtaking the automobile industry, according to the S&P Global Asia Sector PMI released on Wednesday.Leading the upturn for the first time in seven months, the banking sector expanded at its second-steepest rate in over five and a half years. The growth follows a previous S&P Global forecast warning that credit losses in the Asia-Pacific banking sector could surge by approximately $180 billion due to the ongoing conflict in the Middle East.The automobile sector, last month's top performer, slipped to second place, though its pace of growth remained historically high.Of the 18 sectors monitored, only forestry and paper products, alongside construction materials, recorded a contraction in new orders; however, these declines were softer than in the previous month. In contrast, the transportation sector posted the strongest surge in new orders, despite looming concerns over U.S.-Iran negotiations.Volatility persists in the energy and oil industries due to the precarious state of U.S.-Iran talks aimed at ending the Middle East conflict."Oil prices received a boost yesterday as talks between the US and Iran appeared to break down -- again. This has become a common pattern in recent months, and there are still plenty of mixed messages," ING'S Warren Patterson and Ewa Manthey said in a Tuesday note. "As a result, oil prices continue to be whipsawed by quickly changing headlines."Operating expenses increased across all 18 sectors. S&P Global highlighted that real estate recorded a renewed rise in input prices, while the chemicals sector posted the sharpest cost inflation rate.All sectors increased their selling prices except for the consumer services sector.

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China Services Activity Grows at Fastest in Three Months in May, Exceeds Forecasts
US Markets

China Services Activity Grows at Fastest in Three Months in May, Exceeds Forecasts

Chinese service activity grew at the fastest rate in three months in May, following a rebound in employment and work backlogs, data from S&P Global and RatingDog showed Wednesday.The headline RatingDog China General Services Business Activity Index rose to 54.4 from April's 52.6, topping the Investing.com consensus estimate of 52.3.The reading continued the current expansion trend first seen in January 2023, according to S&P and RatingDog.New business activity increased halfway through the second quarter, with services demand accelerating for the fourth time in five months, S&P said.New work sources for the services sector jumped due to higher client demand, business innovation and expansion, new client acquisitions, better market conditions, and new projects, according to S&P.Incoming new orders also rose for the 41st straight month, which S&P says is the second-longest ongoing growth in the history of the survey.Business activity forecasts improved to the highest since February and were better compared with the rolling 12-month average.The boost in new businesses in May was enough to generate another rise in outstanding orders, with work-in-hand increasing for the seventh consecutive month and the steepest since June 2024.Surveyed firms linked rising expenses to uncertainties in oil and fuel prices, as well as more purchases, higher wages, and other labor costs, S&P said.Input costs jumped for the 15th straight month, with inflation speeding up the fastest since October 2024, RatingDog founder Yao Yu said in a statement.Meanwhile, the RatingDog China Composite Purchasing Managers' Index rose to 54.0 from 53.1 in April, marking the fastest growth in overall output since February.Total new businesses rose the strongest in three months, while outstanding work increased for the fourth straight month, leading to higher employment and recruitment, the report said.Improved market conditions boosted optimism in the services sector, alongside new projects and a more bullish economic outlook, Yao said.

Shanghai Composite^SZSE
International

Banking Sector Growth Fastest Among 18 Broader Asian Sectors in May, S&P Data Shows

Banking sector growth was the fastest among the 18 broader Asian sectors in May, with activity expanding at the strongest pace in seven months, S&P Global said in a Wednesday release.Output growth was recorded across 16 of the 18 monitored Asian sectors last month, which was unchanged from April. Only the forestry and paper products, and construction materials sectors incurred declines from April, along with lower new orders received, S&P said.New orders rose across the remaining 16 sectors last month, led by the transportation sector.Employment increased in 10 of 18 sectors, with software & services and technology equipment experiencing the strongest hiring, while insurance witnessed a cutdown in employed staff.

^BSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
International

RatingDog China Composite PMI Rises to Three-Month High in May; Services PMI Jumps

Business activity in China expanded at the fastest pace in three months in May, according to Wednesday's data from S&P Global and RatingDog.The RatingDog China Composite Purchasing Managers' Index came in at 54, compared with 53.1 in the previous month, marking the fastest growth in output since February.Meanwhile, the headline RatingDog China General Services Business Activity Index was 54.4, up from 52.6 previously and above the Investing.com consensus estimate of 52.3.The reading marked the strongest increase in services activity in three months as growth in business activity and new orders continued to accelerate.

Shanghai Composite^SZSE
Asia

Market Chatter: PBOC Drains Liquidity as Bond Yields Hit 8-Month Low

China's central bank has reduced its daily cash injection to a historic low as authorities move to absorb excess liquidity from the financial system, Bloomberg News reported Tuesday.The People's Bank of China offered just 200 million yuan through seven-day reverse repos on Tuesday, the smallest amount ever recorded in a daily open market operation, according to the report. This resulted in a net withdrawal of nearly 249 billion yuan.The move follows a sharp slowdown in loan growth that left banks flush with cash, pushing the benchmark 10-year bond yields to 1.7%, the lowest since August 2025, Bloomberg 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.)

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