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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: ByteDance Taps Qualcomm in AI Chip Deal

ByteDance tapped Qualcomm for the supply of artificial intelligence data center chips, Reuters reported Tuesday.The TikTok owner will buy millions of Qualcomm's custom AI-focused application-specific ​integrated circuits, making it one of the first major customers for the chip designer's AI-focused silicon, according to the report.The move helps ByteDance turn an in-house design into production-ready semiconductors, Reuters wrote. The deal could sidestep U.S. restrictions, as long as the chips fall within legal computing thresholds.(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

European Business Confidence in China Shows Signs of Recovery

European business confidence in China may be nearing an inflection point after years of decline, according to a European Chamber survey released Wednesday.The survey found that 68% of respondents said doing business in China got harder over the past year, down five percentage points. Those reporting more politicization fell five percentage points to 47%. Optimism on two-year profitability rose five percentage points to 17%.Still, serious challenges remain, including China's economic slowdown and persistent supply-demand imbalances. About 32% of respondents reported being impacted by export controls and 39% see the enforcement of intellectual property rights laws and regulations as inadequate.European Chamber President Jens Eskelund said despite the "signs of an uptick" in business confidence, margin pressure stemming from persistent low domestic demand relative to supply growth "remains a core issue."

Shanghai Composite^SZSE
International

China's Industrial Profits Up 18% in January-April Period

The total profits of China's major industrial enterprises in the first four months of 2026 went up 18% year on year to 2.436 trillion yuan, faster than the 15.5% growth in the previous month, according to Wednesday data from the National Bureau of Statistics.Mining industry profits rose 26% to 361.8 billion yuan, while that of the manufacturing industry climbed 20% to 1.802 trillion yuan.The utilities industry's profits slipped 1.9% year on year to 272.0 billion yuan.In April alone, profits of major industrial enterprises rose 25% from the previous year.

Shanghai Composite^SZSE
Asia

Market Chatter: US to Ask for Public Input on China Tariff Cuts

The U.S. will ask Americans which Chinese goods deserve lower tariffs, with a public notice to be issued soon, Reuters reported Tuesday, citing Trade Representative Jamieson Greer.Both the U.S. and China agreed on a "Board of Trade" that aims to slash levies on $30 billion in non-strategic goods, according to the report.Greer said U.S. tariffs on China will likely stay higher than others. He added that while there will be no significant reform in China's political system, "some managed trade" is possible, 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^SZSE
Asia

Market Chatter: China Aluminum Sector Prepares for Impact of Guinea's Bauxite Export Restrictions

The Chinese aluminum sector is bracing for the impact on its raw supplies following Guinea's plans to limit its bauxite exports, Bloomberg reported Monday.The West African nation, the world's largest bauxite producer, will lay out its measures to control its exports as global prices of the ore slumped, the report said, citing Mines and Geology Minister Bouna Sylla.Guinea's shipments of the ore surged to 183 million tons, helping lower costs for Chinese aluminum companies, Bloomberg said."Supply mustn't exceed demand," the news outlet quoted the minister as saying, adding Guinea has to regulate export quantities to bring back prices to "reasonable levels."(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 to Lead Drop in Light Vehicle Demand for 2026, S&P Says

S&P Global Ratings sees light vehicle demand declining this year, with China and the US observing the largest drops, according to a recent release.Waning consumer interest and reduced policy incentives will drive the decline in demand, S&P said.Chinese light vehicle sales dropped 20% year on year in the first four months of 2026, although S&P expects a modest recovery in the second half due to better seasonality and availability of new models, the rating agency said.Meanwhile, domestic wholesale volume for Chinese mass-market producers like BYD (HKG:1211, SHE:002594) and Chery Automobile dropped between 40% and 50%, the rating agency said.S&P expects rated manufacturers to leverage scale advantages to sustain stable sales volumes.However, rising cost inflation amid higher commodity prices due to the Middle East war could squeeze profit margins across the sector, S&P said.Chinese carmakers have quickened the pace of overseas expansion to offset intense domestic competition, leading to a 50% jump in passenger vehicle exports during the first quarter, the rating agency said.Chinese producers will also continue to increase prices or scale back incentives on some models amid these pressures, according to the rating agency.

Shanghai Composite^SZSEHKG:1211SHE:002594
Asia

Chinese Shares Mixed Over Cross-Boarder Trading Crackdown

Chinese equities were mixed, almost flat, as sentiment over the crackdown on illegal cross-border securities trading waned.The Shanghai Composite Index slipped 0.2, or 7.2 points, to finish Tuesday's trade at 4,145.37. The Shenzhen Component Index marginally rose to 15,876.16.Beijing tightened its crackdown on illicit cross border investing, imposing fines on three securities brokers --- Tiger Brokers, Futu Securities and Changqiao Securities --- that operated without proper approvals.In corporate news, Xingyun Technology (SHE:300209) slumped 11.8% amid unit's plan to sell enterprise-grade SSD drives to Zhejiang Shenhu Technology for 321.8 million yuan.Tongding Interconnection Information (SHE:002491) dropped 7.8% after naming Bai Xiaoming vice chairman.OKE Precision Cutting Tools (SHA:688308) jumped 5.9% despite GEM (SHE:002340) announcing it will dispose of its 5.5% holdings in the CNC cutting tool maker.

Shanghai Composite^SZSESHA:688308SHE:002340SHE:002491SHE:300209
Asia

China Medical Equipment Procurement Drops 32% in April, Jefferies Reports

Medical equipment procurement in Chinese hospitals fell 32% year-over-year in April, driven by the impact of a demanding comparison base in the first quarter of 2025 and volume-based procurement policies, Jefferies said in a note Monday.The April decline marks a deepening slowdown from the 14% drop in the first quarter of 2026.United Imaging Healthcare's (SHA:688271) hospital procurement sales fell 47% in April due to the prior year's elevated baseline, Jefferies said.Amid the decline, domestic hospital equipment maker Shenzhen Mindray Bio-Medical Electronics (SHE:300760) saw a 15% sales growth, especially in the ultrasound and patient monitoring and life support segments, during the month.GE Healthcare's China sales were in line with expectations. While the equipment maker forecasts lower sales in 2026, it sees a more stable China market, and Jefferies also expects improvement in 2027.

Shanghai Composite^SZSESHA:688271SHE:300760
Asia

Market Chatter: China Coking Coal Futures Extend Gains Following Shanxi Coal Mine Explosion

Chinese coking coal futures extended their gains in early trade on Tuesday after the deadly blast at the Liushenyu coal mine in Shanxi province, Bloomberg News reported Tuesday.Dalian futures climbed up to 5.1% before shedding most of the gains, according to the report.At least 82 people were killed and more than 120 were hospitalized after the explosion on May 22 at the privately owned mine, Reuters 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^SZSE
International

Market Chatter: China's Global EV Exports Up 40% in April

China exported 278,081 electric vehicles in April, up 40% year over year, Bloomberg News reported Tuesday.Most of the country's EV exports went to Brazil, surging 221% to 38,144 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.)

Shanghai Composite^SZSE
International

Top US Enterprises' Revenue in China Rises 1.2% in 2025

Revenues of top 100 U.S. enterprises operating in China rose 1.2% year on year in 2025, according to a report published by the Hurun Research Institute on Monday.The companies generated total revenue of $362.2 billion last year, representing a trade deficit of over $202 billion.The top six U.S. companies by revenue in China are Apple, Tesla, Qualcomm, Nvidia, Micron Technology, and Coherent. Their combined revenue in the country amounted to $130 billion.China accounts for 12% of the revenues generated by these American companies, contributing as much as $2.3 trillion to their market capitalization."From a corporate value perspective, the total market capitalization of these 100 U.S. companies are $19 trillion," said Hurun chairman and chief researcher Rupert Hoogewerf. "Based on a revenue contribution rate of 12%, the Chinese market's contribution to the market capitalization of these 100 U.S. companies amount to as much as $2.3 trillion, up 400 billion since last year."

Shanghai Composite^SZSE
Asia

Market Chatter: US Chipmakers See 20% Revenue Growth in China

Despite trade curbs, 26 U.S. semiconductor companies, including Qualcomm and Nvidia, saw an average 20% year-on-year rise in 2025 revenue in China, The South China Morning Post reported Monday.The data was featured in the report released by the Hurun Research Institute tracking the top 100 U.S. earners in China, 26 of which were from the semiconductor industry, 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
International

China's Power Generation Capacity Grows 14% in April

China's total installed power generation capacity in April grew 14.2% year on year to 3.99 billion kilowatts, according to Monday data from the National Energy Administration.Among them, solar power generation jumped 26.2% and wind power rose 22% from a year earlier.Between January and April, the average of the country's power generation equipment utilization fell by 84 hours to 925 hours from the previous year.

Shanghai Composite^SZSE
International

Green Product Sales in China Grow in January-April

Sales of green and smart products in China grew year on year between January and April, according to Monday data from the Ministry of Commerce.Sales of smart glasses climbed 5.9 times, while sales of handheld photography equipment jumped 26.9%.Sales of smart blood glucose meters and first-level energy-efficient washing machines increased 12.3% and 10.4%, respectively.The market penetration rate of new energy passenger vehicles exceeded 60% for the first time, reaching 61.4%.Meanwhile, total retail sales of consumer goods rose by 1.9%, with those of grain, oil, and food increasing 4.1% and clothing and footwear rising 3.6%.

Shanghai Composite^SZSE
International

China's Central Bank Conducts MLF Operation Worth 600 Billion Yuan

The People's Bank of China conducted a 600 billion yuan medium-term lending facility or MLF operations on Monday to keep an ample liquidity in the banking system, according to a same-dated report from Yicai Global.The latest MLF operation, which offsets the 500 billion yuan worth of maturing funds, marked a reversal from the prior month's reduction of MLF, the report said.In April, the Chinese central bank recorded a net withdrawal of 200 billion yuan as it reduced the MLF issuance, according to a media outlet.

Shanghai Composite^SZSE
Asia

Unitree Robotics Nears 4.2 Billion Yuan Shanghai IPO

The Shanghai Stock Exchange's Listing Review Committee will review the initial public offering application of Unitree Robotics on June 1, according to an announcement on Monday.Unitree filed its IPO application in March, seeking to raise up to 4.2 billion yuan.The company plans to use the proceeds for research and development of intelligent robot models and hardware, the rollout of new intelligent robot products, and the construction of a manufacturing base.CITIC Securities (SHA:600030, HKG:6030) serves as the sponsor for the IPO.The company posted an attributable profit of 590 million yuan and revenue of 1.70 billion yuan for 2025.

Shanghai Composite^SZSEHKG:6030SHA:600030
Asia

Market Chatter: New Solar Installations in China Slide for Fourth Consecutive Month in April

New solar installations in China declined for a fourth straight month in April, Bloomberg reported Monday, citing data from the Naitonal Energy Administration.Solar capacity was at 9.52 gigawatts in April, higher than the 8.91 gigawatts seen in March, but down from 45.22 gigawatts in the year-ago period.Weakened domestic demand helped drag installations, 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
Asia

Market Chatter: Property Woes Hurt Chinese Firms' Global Expansion Plans

Chinese firms' global expansion plans face obstacles as companies experience difficulty in securing office, logistics, and retail space, the South China Morning Post reported Monday, citing property services company JLL.Eighty-two percent of corporate respondents in JLL's survey said they ended up paying more than expected for property rentals or purchases, or wasting time with botched searches, the report said.Electric vehicle manufacturers, consumer product companies and other companies that took property missteps could hurt their reputation, face talent recruitment difficulties, and increase logistics costs, the SCMP quoted JLl China research head Daniel Yao.(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

Asia Week Ahead: Policy Rate Decisions, Inflation Prints and GDP Reports

Asia's economic calendar this week features a mix of inflation data, interest rate decisions, GDP releases and industrial figures across the region.The week opens with Singapore's GDP and inflation data, plus Thailand's trade figures, followed on Tuesday by Taiwan's industrial production and retail sales reports.Mid-week, attention turns to the Reserve Bank of New Zealand's policy decision and Australia's inflation print. On Thursday, the Bank of Korea will announce its rate decision, while Hong Kong releases trade data and India reports industrial and manufacturing output figures.Friday will be the busiest day for macro releases, led by a batch of key indicators from Japan. The week wraps up with China's PMI readings on Sunday.Here's what to watch in the week ahead.MONDAY, May 25Singapore's economy grew 6.0% year over year in the first quarter, government data showed, beating the 4.6% flash estimate and accelerating from the 5.7% growth in Q4.The expansion was driven by strong performances in the wholesale trade, manufacturing, and finance and insurance sectors.Meanwhile, the city-state's annual inflation rate held steady at 1.8% in April, unchanged from March but below market expectations of 2%.Core inflation, on the other hand, eased to 1.4% in April from 1.7% a month prior.In Thailand, exports surged 23.1% year over year to $31.6 billion in April, accelerating from an 18.7% increase in March and beating forecasts of 16.2%.Imports likewise strengthened, expanding 45% in April to $41.6 billion, compared with a rise of 35.7% a month prior.As a result, the trade deficit ballooned to $10.02 billion in April from $3.3 billion a year earlier, far above forecasts of a $5.1 billion shortfall.TUESDAY, May 26Singapore will release its April industrial production data, while Taiwan is due to report both industrial production and retail sales figures for the month.WEDNESDAY, May 27New Zealand's central bank will hold its policy meeting, with analysts expecting no change to the country's official cash rate of 2.25%, according to a Trading Economics consensus.Australia is set to release inflation figures on the same day. Consumer prices rose 4.6% year on year in March, the fastest pace since September 2023, and are expected to accelerate to 5.1% in April as oil prices climb amid the Middle East conflict.Meanwhile, China will report its industrial profits for April. A pair of confidence reports covering business and consumer sentiment will be due in South Korea and Taiwan, respectively.THURSDAY, May 28The Bank of Korea is set to meet for its policy rate decision, with markets watching for any change to its current 2.5% benchmark rate amid inflation and growth pressures linked to the ongoing conflict in the Middle East.Hong Kong will release its monthly trade figures. The April reading could show a narrowing of the trade deficit to HK$46 billion from HK$89.1 billion in March, Trading Economics forecasted.Meanwhile, India will report its industrial and manufacturing production data for April.Markets will also watch New Zealand's ANZ Business Confidence report for May, after the index dropped to -10.6 in April -- its first negative reading since August 2023 -- as the Middle East conflict weighed on sentiment.FRIDAY, May 29Japan's usual end-of-month data deluge, which includes the release of inflation, unemployment rate, industrial production and retail sales, will provide insights into the country's economic health.Markets will also watch Taiwan's final Q1 GDP growth figures for any revision from the preliminary estimate, which showed the economy expanding by 13.7%.Other highlights include trade balance figures from Macau and the Philippines, and export and import price data from Singapore.Both South Korea and Thailand will report their monthly industrial production and retail sales stats, while Macau will report its unemployment rate for April.Lastly, a report capturing business confidence in April will be due in the Philippines.SUNDAY, May 31China, the biggest economy in Asia, will release its official May PMI data covering manufacturing, non-manufacturing and general activity.

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Asia

Sizable Fiscal Support for SOEs Exposes Some Asia-Pacific Sovereigns, Fitch Says

Certain Asia-Pacific sovereigns could face constraints as they increase government fiscal support especially for state-owned entities, Fitch Ratings said in a recent release.Governments with higher government debt-to-GDP ratios compared to peer medians are especially vulnerable, Fitch said.Sovereigns carry out this support through capital additions or subsidies to state-owned enterprises (SOEs), the rating agency said.Many sovereigns in the region play a major role in fostering economic growth, but the levels of support, as seen in the share of combined SEO debt relative to GDP, also vary, the rating agency said.Meanwhile, some advanced economies have high SOE debt partly due to increased transparency in data reporting, according to Fitch.

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