844 stories mentioning Shenzhen Composite IndexUpdated 15m ago
Trading amid mixed May data from China, including faster industrial production growth but falling fixed-asset investment and retail sales.
The People's Bank of China will conduct a reverse repurchase operation for 300 billion yuan, it said Thursday.The operation will carry a fixed quantity and will be done through interest-rate bidding, with winning bids to be determined at multiple price levels.PBOC's reverse repo will carry a 91-day term.
Ireland's Supreme Court has allowed TikTok to continue transferring data from the European Union to China amid an appeal by the short video app against a regulatory order to halt the transfers due to privacy concerns, according to multiple media reports Thursday.In May, the Irish Data Protection Commission fined TikTok 530 million euros and ordered the app to suspend data transfers to China if the processing is not complied with in six months.Ireland's High Court implemented a stay on the fine and the data transfer ban, stating the risk to consumers is "limited and will be temporary," adding that the damage on TikTok would be "virtually impossible" to quantify.The Supreme Court said the stay should remain until Ireland's High Court renders judgment in the appeal against the penalties, Reuters reported Thursday.(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.)
The U.S. Federal Communications Commission voted unanimously to advance a proposal banning all Chinese labs from testing U.S.-bound electronic devices such as smartphones and computers, Reuters reported Thursday.Currently, about 75% of U.S. electronics are tested in China, according to the report. The plan would fast-track approval for devices tested in U.S. labs or allied nations.In a separate vote, the FCC moved to bar China Mobile (SHA:600941, HKG:80941), China Telecom (SHA:601728, HKG:0728) and China Unicom (HKG:0762) from operating U.S. data centers, Reuters wrote.The agency is also considering blocking interconnection with companies linked to national security risks, including Huawei and ZTE (SHE:000063, HKG:0763), 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.)
The value of China's logistics sector grew 6.2% year over year to 96.4 trillion yuan in the first quarter, he China Federation of Logistics and Purchasing said Thursday.The sector's growth rate increased by 1.1 percentage points from the full-year level in 2025, and up 0.5 percentage points from the year-ago period, the group said.Industrial goods logistics value rose 5.8% year over year, 0.5 percentage points higher compared with the prior-year period.Online retail sales jumped 7.5% year over year, equivalent to 24.8% of total retail sales of consumer goods, the federation said.
China shipped 60 tons of yttrium oxide to the U.S. in March, marking its first major rare earth export since imposing tight controls in April 2025 at the height of trade tensions, Reuters reported Thursday.The volume is 50% higher than all yttrium sent to the U.S. since restrictions began, according to the report.Even after a trade truce, yttrium shipments had remained largely blocked, causing shortages and halting production for aerospace and semiconductor firms, which rely on the mineral for heat-resistant coatings, Reuters wrote.Prices surged 6,900% in the year through February, pushing affected companies to press Washington to act, according to the report. Even with the March shipment, exports over the past 12 months are down 75% from the previous year.(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.)
U.S. and Chinese officials held talks on Thursday ahead of a planned May meeting between Presidents Donald Trump and Xi Jinping.In a post on X, U.S. Treasury Secretary Scott Bessent said that his meeting with Vice Premier He Lifeng was "both candid and comprehensive," adding that he raised concerns over "China's recent provocative extraterritorial regulations," which he said are having a chilling effect on global supply chains.The meeting was conducted via video call, which Chinese state media CCTV also described as "candid," according to a Reuters report on Thursday.The discussions came after Beijing introduced new supply chain rules, which triggered concerns among U.S. companies, Reuters said.
U.S. lawmakers are conducting an investigation into companies' usage of Chinese artificial intelligence models due to national security concerns.Through letters, the House Committee on Homeland Security and the House Select Committee on the Chinese Communist Party requested Airbnb and Anysphere on Wednesday for information that may assist them in the probe.The requested information included documents that can identify the Chinese AI models used by the companies.The probe came after AI laboratories found that three Chinese AI companies, DeepSeek, Moonshot AI and MiniMax were able to extract information through adversarial distillation where the platforms were able to generate exchanges with American AI systems through about 24,000 fraudulent accounts, the committees said.
The Middle East war's spillover effects serve as the largest credit risk for Asia-Pacific financial institutions, S&P Global Ratings said in a Thursday release.The region's banks are not directly exposed to the Middle East, while indirect exposure is manageable, S&P Asia-Pacific sector lead for financial institutions Gavin Gunning said.Lenders also have ample buffers to absorb linked constraints at current rating levels under a scenario of a deal that will open the Strait of Hormuz by the end of May, Gunning said.However, a downside scenario of a prolonged conflict could cause a 25% rise in credit losses for banks, S&P said.This scenario would mean larger increases in credit losses to total loans in Vietnam, Indonesia, and India, the rating agency said.China will account for the largest share in the total forecast credit losses at about $130 billion.Other countries' banking systems will be stronger at current rating levels, given their buffers, S&P said.Nonbank fund finance will remain a talking point, albeit being more muted, especially for US funds amid uncertainties in the software sector, the rating agency said.Al is also a major concern given the diverging impact it has on the ratings of the region's financial institutions in the coming years, according to S&P.
Starting Friday, China will phase in zero tariffs on imports from 53 African countries, according to the report.The move excludes Eswatini, which maintains diplomatic ties with Taiwan. It will also secure China's access to oil, rare earths and produce.First announced in June 2025, the policy expands duty-free treatment already granted to 33 nations and will run through April 2028.(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.)
The U.S. National Highway Traffic Safety Administration (NHTSA) has banned replacement air bag inflators from China after linking them to deadly crashes.The inflators, all marked with the identifier "DTN60DB," were likely illegally imported into the U.S., the agency said Wednesday.The NHTSA cited 12 U.S. crashes, which resulted in 10 deaths, involving devices tied to the Chinese private company Jilin Province Detiannuo Automobile Safety System, saying the air bag inflators sent metal fragments into drivers in otherwise survivable collisions.Jilin Province Detiannuo Automobile Safety System denied responsibility, noting multiple Chinese manufacturers produce similar parts and disputing evidence that its products caused the incidents, according to a same-day report by Reuters.
ByteDance, Tencent (HKG:0700), Alibaba (HKG:9988) and other big Chinese firms are rushing to place orders for Huawei's Ascend 950 AI chips, Reuters reported Wednesday, citing people familiar with the matter.The surge in demand followed the release of DeepSeek's V4 artificial intelligence model that runs on said Huawei chips, according to the report.Sources said companies specializing in cloud computing and graphics processing unit rental services are also looking to secure orders, 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.)
Chinese shares were mixed on Thursday amid slower growth in China's manufacturing sector and ahead of the Labor Day holiday.The Shanghai Composite Index, the main gauge of Chinese stocks, ticked up 0.1% to 4,112.16. The Shenzhen Component Index declined 0.1% to 15,107.55.China's manufacturing purchasing managers' index was down 0.1 of a percentage point month on month to 50.3% in April.The production and new orders sub-indices remained above the critical point at 51.5% and 50.6%, respectively. The remaining sub-indices for raw material, employment and supplier delivery time were below the critical points at 49.3%, 48.8% and 49.5%, respectively.Meanwhile, the non-manufacturing business activity index was 49.4%, down 0.7 of a percentage point from March. The composite PMI output index was 50.1%, down 0.4 of a percentage point.In company news, Zhejiang Century Huatong Group (SHE:002602) posted first-quarter attributable net profit of 2.03 billion yuan, up 35% from 1.35 billion yuan the previous year. Shares of the game developer were down 9% Thursday.
China warned it would hit back at the European Union if the proposal to ban Huawei's equipment is implemented, Bloomberg News reported Thursday, citing a statement from China's mission to the E.U.Commission Executive Vice President Henna Virkkunen proposed a ban to phase out equipment from Huawei and ZTE (HKG:0763, SHE:0000630) from the bloc over cybersecurity risks, according to the report.China's mission asked to remove language that called equipment from the mainland a cybersecurity concern and that labelled Chinese companies "high risk" suppliers, the media outlet 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.)
U.S. senators Bernie Moreno and Elissa Slotkin proposed legislation to codify the Biden-era rule blocking Chinese automakers from selling passenger vehicles in the U.S., Reuters reported Thursday.The move comes ahead of the Trump-Xi meeting in China in mid-May.(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 manufacturing purchasing managers' index was down 0.1 of a percentage point month on month to 50.3% in April, according to a Thursday news release from the National Bureau of Statistics.The PMI for large enterprises was down 1.4 percentage points to 50.2%. The PMIs for medium and small enterprises rose 1.5 and 0.8 percentage points, respectively, to 50.5% and 50.1%.The production and new orders sub-indices remained above the critical point at 51.5% and 50.6%, respectively. The remaining sub-indices for raw material, employment and supplier delivery time were below the critical points at 49.3%, 48.8% and 49.5%, respectively.Meanwhile, the non-manufacturing business activity index was 49.4%, down 0.7 of a percentage point from March.The composite PMI output index was 50.1%, down 0.4 of a percentage point.
China poured 330 billion yuan into major transport projects in the first three months of 2026, according to the Ministry of Transport.Over 1,800 highway and waterway projects, each exceeding 100 million yuan, are being accelerated.Q1 also saw the launch of 174 major initiatives, injecting an additional 16 billion yuan.
Chinese shares rebounded on Wednesday as the Politburo hailed the strong start to the year and pushed for technology and energy security.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.7% to 4,107.51. The Shenzhen Component Index climbed 2.0% to 15,120.92.At a meeting chaired by Xi Jinping, the Communist Party of China Politburo touted the country's strong economic start to 2026, with key indicators beating expectations, while warning that recovery remains uneven.China's top leadership called for targeted fiscal and monetary support to sustain growth. Officials stressed accelerating technological self-reliance, strengthening secure industrial chains and boosting domestic demand.The meeting also urged enhanced energy and resource security, expansion of major infrastructure, and steady progress toward economic self-sufficiency amid rising external uncertainties.In company news, Focus Media Information Technology (SHE:002027) posted first-quarter attributable net profit of 1.79 billion yuan, up 58% from 1.14 billion yuan the previous year. Shares of the advertising company closed 5% higher Wednesday.
Over 70 Democrats in the U.S. House of Representatives urged U.S. President Donald Trump to block Chinese automakers from entering the U.S. market, citing national security risks, Reuters reported Tuesday.Led by Debbie Dingell and Ro Khanna, lawmakers called for maintaining existing bans ahead of Trump's expected talks with Chinese President Xi Jinping, warning against ceding the auto industry to a strategic rival, 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.)
The U.S. Department of the Treasury warned financial institutions they could be slapped with secondary sanctions if they facilitate transactions with Chinese refineries linked to Iranian crude oil, the department said in a Tuesday filing.The warning came after Chinese refineries, such as Hengli Petrochemical (Dalian) Refinery, were sanctioned for purchasing crude from Iran.The department said financial institutions, such as banks, should conduct enhanced due diligence on transactions involving Chinese refineries, especially in Shandong Province.Treasury cautioned financial institutions to watch out for common evasion tactics such as the use of front companies in Asia and the United Arab Emirates, as well as the use of a "shadow fleet," which employs ship-to-ship transfers, falsified documentation, and vessel identity manipulation.
The Cyberspace Administration of China has directed ByteDance video apps Jianying and Maoxiang, along with the Jimeng AI site, to comply with rules on identifying AI-generated content, Reuters reported Tuesday, citing a statement from the regulator.The regulator said the three platforms violated China's cybersecurity law and relevant rules, and penalized those responsible for the violations, 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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