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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

Chinese Stocks Rise Over Government Crackdown on Illicit Overseas Securities Activities, Probe on Liushenyu Mine Blast

Chinese shares started the week strong, closing Monday with gains after the government announced a crackdown on illicit cross-border securities activities and a probe into one of China's deadliest mining accidents last week.The Shanghai Composite Index added 1%, or 39.67 points, to close Monday's trade at 4,152.57. The Shenzhen Component Index climbed 1.7%, or 259.31 points, to 15,856.61.The equities of some Chinese brokerages rose amid the China Securities Regulatory Commission's crack down on overseas brokers that are conducting cross-border business operations without the regulator's approval.The Shanghai stocks of CITIC Securities' (SHA:600030, HKG:6030) and Guotai Haitong Securities (SHA:601211, HKG:2611) rose 1.2% and and 0.8%, respectively.Equities, especially coal stocks, were lifted after the government announced a probe into the gas explosion at Shanxi Tongzhou Group's Liushenyu coal mine.In corporate news, Tianshui Huatian Technology (SHE:002185) jumped 10% amid plans to construct an integrated circuit industrial base for 3 billion yuan.Cambricon Technologies (SHA:688256) climbed 9.4% after the board of directors' approval of a 12-billion-yuan comprehensive credit line for the chipmaker.Wingtech (SHA:600745) inched 5% higher after suing its subsidiary, Nexperia, as it sought up to 8 billion yuan in damages while demanding to regain control of the Dutch subsidiary.

Shanghai Composite^SZSEHKG:2611HKG:6030SHA:600030SHA:600745SHA:601211SHA:688256SHE:002185
Asia

Market Chatter: China Expediting Proposals of New Coal-Fired Power Plants in Q1

Chinese companies are fast-tracking the pace of proposing new coal-fired power plants, seeking approval for up to 51 gigawatts of new plants in the first quarter despite government resistance, Bloomberg reported Monday, citing Global Energy Monitor.The figure outpaced the 162 gigawatts of new proposals for the whole of 2025, the report said.Power plant construction expanded as Beijing touted the role of coal as a backup for intermittent renewable energy sources, 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

China's Illicit Cross-Border Investing Crackdown to Affect Up to HK$250 Billion in Assets

Beijing has escalated its crackdown on illicit cross-border investing, moving beyond banning new accounts to a full governance overhaul covering marketing, trading, fund transfers and tech support.A two-year rectification period will clear existing violations, according to a Sunday news release by CITIC Securities Research.Affected accounts hold an estimated HK$200 billion to HK$250 billion in assets, though actual selling pressure remains limited.Residents' overseas asset allocation demand is expected to shift to compliant channels such as Stock Connect and QDII.

Shanghai Composite^SZSE
Asia

China Launches State Council Probe into Liushenyu Mine Explosion

China's State Council launched an investigation into the country's deadliest gas explosion since 2009, according to a report by state media outlet Xinhua on Saturday.The accident in the Liushenyu coal mine in Qinyuan County, Shanxi Province, occurred on Friday, May 22, killing 82 people, another report from the state media said.China's President Xi Jinping called for an all-out rescue effort for the missing and treatment of the injured, as well as for a probe into the incident.There are currently two people missing and 128 hospitalized, according to a report from Bloomberg News.Another coal mine accident with a high number of casualties occurred in 2009 at the Xinxing mine in Heilongjiang Province, Bloomberg reported.

Shanghai Composite^SZSE
Asia

China Probes Liushenyu Coal Mine Blast

China's State Council has launched an investigation into a gas explosion at Shanxi Tongzhou Group's Liushenyu coal mine.The probe will examine territorial management, industry oversight and corporate liability, with severe legal penalties promised, according to a Saturday news filing.Authorities ordered all regions to review compliance with "eight hard measures" for mine safety, cracking down on hidden work zones, falsified monitoring, unclear crew counts and illegal subcontracting.

Shanghai Composite^SZSE
China Proposes Fines For Futu, Tiger, Longbridge in Trading Crackdown
US Markets

China Proposes Fines For Futu, Tiger, Longbridge in Trading Crackdown

The China Securities Regulatory Commission (CSRC) has launched an investigation into three international securities brokers for operating without proper approvals, the regulator announced in a notice on Friday.The probe is part of China's two-year initiative to crack down on cross-border investment services conducted by overseas financial institutions.Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong), also known as Longbridge, received administrative penalties for conducting securities trading within mainland China without the regulator's approval.In a statement, Futu disclosed that the CSRC proposed a 1.85 billion yuan fine against the company, along with a 1.25 million yuan penalty for its founder and CEO Li Hua. The broker added that it is cooperating with the regulator.Futu disclosed in 2022 that mainland Chinese customers accounted for 35% of its customer base, according to 36Kr.Tiger Brokers' Nasdaq-listed parent company, UP Fintech, said it was handed a potential 308.1 million yuan fine. The firm said it is cooperating with regulatory authorities, pledging to "strictly implement the rectification measures required."Longbridge also expressed its willingness to comply with rectification measures imposed by the CSRC, but did not disclose the details of its penalties, Reuters reported.The CSRC said it is partnering with eight other government departments to ban illegal cross-border business activities conducted by foreign entities.The regulator emphasized that it will enforce strict regulatory requirements that have "teeth and barbs," maintaining clear legal boundaries.Jefferies said in a note to clients on Friday that the CSRC's announcement provided detailed guidelines on how the crackdown will be implemented, particularly regarding the penalized firms."During the rectification period, overseas institutions are prohibited from providing illegal buy trades or fund inflows to existing investors within the mainland," Jefferies said."After the rectification period ends, overseas institutions must fully shut down domestic websites, trading software and supporting servers, and are prohibited from providing illegal trading and related services to existing investors within the mainland.

Shanghai Composite^SZSE
Asia

Market Chatter: DeepSeek to Slash AI Model Price by 75%

DeepSeek said it will permanently reduce pricing for its flagship V4-Pro model to one-quarter of original levels, now ranging from 0.025 yuan to 6 yuan per million tokens, Reuters reported Saturday.The Chinese artificial intelligence company didn't confirm if increased supply of Huawei's Ascend 950 chips enabled the price cut, according to the report.U.S. export restrictions on Nvidia chips have boosted Huawei's AI chip sales, though equipment curbs still limit Ascend production scaling, Reuters wrote. DeepSeek previously cited high-end compute constraints for premium pricing.(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: Nvidia CEO Affirms China's Role in $200 Billion CPU Market Forecast

Nvidia Chief Executive Jensen Huang said the company's projected $200 billion market for central processing units (CPUs) includes China, Reuters reported over the weekend.The statement comes despite ongoing trade frictions between the US and China.Speaking to reporters, Huang said the Chinese market is "very important" and "very large," according to the report.He added that while H200 chip exports have received U.S. licenses, Chinese approvals remain pending, 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
Asia

China Fines Offshore Brokers Futu, Tiger, Longbridge in Cross-Border Crackdown

The China Securities Regulatory Commission has fined three securities brokers for operating without proper approvals, according to a Friday notice from the securities watchdog.The fines are part of a broader initiative by Beijing to crack down on unauthorized cross-border investments.Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong), also known as Longbridge, received administrative penalties for conducting securities trading within mainland China without the regulator's approval.In a statement, Futu disclosed that the CSRC imposed a 1.85 billion yuan fine against the company, along with a 1.25 million yuan penalty for its founder and CEO Li Hua. The broker added that it is cooperating with the regulator.Tiger Brokers' Nasdaq-listed parent company, UP Fintech, said it was handed a 308.1 million yuan fine. The firm said it is cooperating with regulatory authorities, pledging to "strictly implement the rectification measures required."Longbridge also expressed its willingness to comply with rectification measures imposed by the CSRC, but did not disclose the details of its penalties, Reuters reported.

Shanghai Composite^SZSE
Asia

China Securities Regulator Penalizes Three Brokers for Illegal Overseas Stock Trading

The China Securities Regulatory Commission sanctioned three brokers for illegally facilitating overseas securities trading for domestic investors, according to a Friday statement by the watchdog.Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Longbridge Securities (Hong Kong) will have their ill-gotten claims confiscated and face "severe penalties," the regulator said."Such illegal cross-border business operations have disrupted the market order and should be subjected to a heavy crackdown," the securities regulator said.CSRC's move is seen to crack down on illegal outflows and regulate market misconduct, the South China Morning Post reported separately.

Shanghai Composite^SZSE
Asia

Emerging Asia Sees Strong Capital Flows, But Differentiation Emerges, Fitch Says

Solid Asia-Pacific corporate and financial institution credits continue to anchor capital flow and benchmark deals in the region, Fitch Ratings said in a Friday release.Global emerging market portfolio inflows reached $58.3 billion in April, a reversal of the $66.2 billion outflow in March, Fitch cited the Institute of International Finance as saying.Emerging Asia accounted for the largest share in debt investments for the month, indicating stable investor demand for Asian debt despite oil price pressure due to the Iran war, Fitch said.Emerging markets including India, Indonesia, the Philippines, Sri Lanka, and Thailand have observed depreciation in the 5% to 7% range due to the Iran conflict, reflecting oil import reliance and fuel buffers, the rating agency said.Investor appetite among emerging Asian markets exhibits differentiation, as seen in greater FX reserve drops for the Philippines and Sri Lanka compared to the others, Fitch said.The rating agency believes sovereign support anchors funding access for issuers, with debt markets gaining from countries' external positions, deeper domestic funding markets and better policy response to shocks.

Hang Seng^JKSE^PSEI^SETShanghai Composite^SZSE
Japan

Chinese Shares Jump on Major Tech IPO Optimism; Jiadeli Electronics Material Surges 710%

Chinese shares jumped on Friday, as sentiment was fueled by optimism stemming from planned initial public offerings of major technology companies and the softer stance of China's state planner on foreign investments into the local tech sector.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.9% to 4,112.90. The Shenzhen Component Index jumped 2.3% to 15,597.30.Investors are snapping up tech stocks as optimism surrounding artificial intelligence surged ahead of massive IPOs from SpaceX, OpenAI and Anthropic.Also, China's National Development and Reform Commission said it had never instructed Chinese technology companies to refuse foreign investment, adding that foreign investment is welcome but needs to comply with domestic laws and regulations.In company news, Quanzhou Jiadeli Electronics Material (SHA:603435) shares closed at 127.68 yuan apiece at the end of their first day of trading on the Shanghai bourse. This marked a 710% jump from the electrical film manufacturer's IPO price of 15.76 yuan per share.

Shanghai Composite^SZSESHA:603435
Asia

Chinese Civil Aviation Trips, Cargo Throughput Rise in April

Civil aviation passenger trips in China inched up 0.4% year over year to 61.2 million in April, Xinhua News Agency reported Thursday, citing the Civil Aviation Administration of China.Domestic trips slipped 0.2% to 54.4 million, while international trips jumped 5.8% to about 6.8 million, the report said.Cargo and mail handled grew 6.9% year over year to 854,000 tonnes, with domestic throughput jumping 2.1% to 456,000 tonnes and international throughput growing 13% to 398,000 tonnes.

Shanghai Composite^SZSE
International

China-Russia Trade Jumps 20% in January-April

Trade between China and Russia grew nearly 20% to $85.2 billion in the first four months of 2026, Xinhua News Agency reported Thursday, citing the Commerce Ministry.Annual trade volume between the two countries topped $200 billion for three straight years, the report said, citing spokesperson He Yadong.

Shanghai Composite^SZSE
Asia

Electrification in China's Heavy-Duty Truck Sector to Increase Competition, S&P Says

Electrification among China's heavy-duty trucks could pick up, which would heighten competition in the sector, S&P Global Ratings said in a recent release.Anchoring government policies, technological innovation, and reduced ownership costs will help accelerate electrification in the industry, S&P said.Increased competition could test traditional producers' capacity to shield their market share, the rating agency said.S&P also expects local heavy-duty truck sales volume to weaken in 2026, after strong demand in 2025 due to policy incentives.As a result, the rating agency projects the market to be mainly replacement-driven within the next few years.Manufacturers will increase their overseas expansion amid strong demand in emerging markets, offsetting the domestic slowdown, S&P said.

Shanghai Composite^SZSE
Asia

Market Chatter: DeepSeek to Focus on AI Research Over Monetization

DeepSeek plans to prioritize artificial intelligence research over short-term commercialization, Bloomberg News reported Friday, citing people familiar with the matter.The AI startup's founder, Liang Wenfeng, mentioned the plan to investors during its ongoing 70 billion yuan fundraising round, according to the report.Insiders said the company, which was founded in 2023, made it clear it will accelerate technology over monetization, the report said.Liang could personally inject about 20 billion yuan in the funding round, while the state-backed AI fund is in discussions to invest around 10 billion yuan, insiders told the media outlet.DeepSeek is yet to respond to' request for comment on the matter.(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

APEC Trade Reps to Talk About Free Trade During Meet in China

Trade representatives at the Asia-Pacific Economic Cooperation meeting are expected to discuss regional economic integration and free trade area process in the region amid the "complex and volatile" international situation, according to China's Commerce Minister during an interview on Friday.The trade ministers' meeting will be conducted in Suzhou, Jiangsu Province, China, late this month.Other key topics to be discussed are the development of a digital cooperation and a green economy, Commerce Minister Wang Wentao said."All parties are eagerly anticipating that the meeting will build consensus and achieve tangible results," Wang said.

Shanghai Composite^SZSE
Asia

Market Chatter: German Top Bosses to Join Economic Minister's Beijing Trip

The top bosses of German companies BASF, Thyssenkrupp, and Siemens Energy will tag along with Economy Minister Katherina Reiche's trip to China next week, Reuters reported Thursday, citing the companies.Reiche will visit Beijing from May 26 to 29, the report said.Germany, the world's number three economy, has been exposed to the risks of Chinese competition and U.S. tariffs, the report said.The visit highlights Germany's dependence on Chinese raw materials and purchasing power, while being a leading rival in the automotive, energy, and technology sectors, Reuters said.Reiche's visit will come three months after Chancellor Friedrich Merz's trip to Beijing, according to the newswire.(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: Private Equity Firm PDG to SellChinese Data Center Assets for $1 Billion

International equity firm Princeton Digital Group, or PDG, plans to sell off its Chinese data center assets for as much as $1 billion amid China's political and regulatory pressures, Financial Times reported Friday, citing sources.Foreign investors are struggling to own critical digital infrastructure in China due to the government's strict cyber security and data protection regime, according to the report.Investors are shifting their focus on other international markets as the demand for artificial intelligence grows globally, FT reported.Other investors have already disposed of their Chinese data center assets. Bain offloaded its assets to a Shenzhen Dongyangguang Industry-led consortium for $4 billion in 2025, while keeping the non-China operations of Bridge Data Centers. Meanwhile, Carlyle gradually reduced its exposure to Chinese digital infrastructure company VNET Group until Contemporary Amperex Technology (SHE:300750, HKG:3750) eventually bought the assets, the report said.PDG did not immediately 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^SZSE
International

Market Chatter: China's Reduced Oil Imports Cap Global Prices Despite Strait of Hormuz Closure, Analysts Say

China's reduction of oil imports, which led to lower Asian crude purchases, has kept crude prices from soaring despite the lingering effects of the Iran war, including the continued closure of the Strait of Hormuz, Reuters reported Thursday.While market analysts initially projected crude prices to exceed $160 per barrel due to the conflict, prices have instead stabilized around $110 per barrel, despite a lack of progress in peace talks, the report said, citing Morgan Stanley analysts.Chinese net seaborne crude imports slid by 5.5 million barrels per day, equivalent to 5.5% of global demand, to 8.5 million barrels per day in the month through May 8, Reuters said, citing Morgan Stanley.China even resold oil cargoes purchased under long-term contracts to refiners outside the country as domestic demand weakened and crude prices rose, Reuters 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.)

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