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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: Manus Mulls Funding Round to Undo Meta Acquisition

The co-founders of Chinese artificial intelligence startup Manus are weighing options to comply with Beijing's orders to undo their acquisition by Meta, Bloomberg reported Thursday, citing people familiar with the matter.Founders Xiao Hong, Ji Yichao, and Zhang Tao are discussing possibly raising about $1 billion from external investors, including a funding round, and chipping in their own money to at least match Meta's $2 billion acquisition price, Bloomberg said.Once that is in place, the three founders could set up Manus as a Chinese joint venture with the backers of the funding round ahead of plans to list in Hong Kong, according to the news outlet.The plans remain preliminary, the report said.Manus and Meta did not immediately respond to requests for comment from.(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: Underwhelming Impact of Trump-Xi Meeting Raises Stakes for September Visit, UN Chief Says

The meeting between Presidents Donald Trump and Xi Jinping may have calmed tensions between the U.S. and China but did not achieve any breakthroughs, Reuters reported Thursday, citing remarks by United Nations Secretary-General Antonio Guterres to the press.The underwhelming impact of the Beijing summit could raise the stakes for Xi's visit to Washington in September, the report siad."Let's be clear, no major breakthrough was achieved and so the visit of President Xi to Washington ​gains an enormous importance," Reuters quoted Guterres as saying.Xi's visit to the U.S. in September will coincide with the UN General Assembly and could mark the first time since 2015 that the Chinese leader would speak, 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.)

Shanghai Composite^SZSE
Asia

China Defends Rare Earth Export Controls, to Cooperate with US 'Legitimate' Concerns

The Chinese government will address "legitimate' U.S. concerns regarding Beijing's rare earth export contols while calling the moves "in accordance with laws and regulations," the commerce ministry said in a statement Wednesday.China introduced the rare earth export controls as an answer to President Donald Trump's "Liberation Day" tariffs.Beijing earlier agreed to address rare earth shortage concerns during the meeting with Presidents Trump and Xi Jinping last week, the White House said Sunday."The Chinese government implements export controls on key minerals such as rare earths in accordance with laws and regulations, and reviews compliant, civilian-use licensing applications," the ministry said in its statement.The statements from Washington and Beijing, issued days apart, reflect a new status quo where the U.S. seems to accept the restrictions, Reuters reported separately.Six months earlier, during the Trump-Xi meeting in South Korea, Washington said the restrictions "would be dismantled," the report said.

Shanghai Composite^SZSE
Asia

Chinese Shares Fall on Stalled Gas Pipeline, US Mulling Taiwan Talks; CIMC Falls 4%

Chinese shares fell on Thursday as the country and Russia failed to clinch a major gas deal and the U.S. signaled its intent to talk with Taiwan.The Shanghai Composite Index, the main gauge of Chinese stocks, plunged 2.0% to 4,077.28. The Shenzhen Component Index dropped 2.1% to 15,247.27.Russian President Vladimir Putin left China without any notable progress on a Russia-to-China natural gas pipeline project.After years of Russian efforts to finalize an agreement, the proposed Power of Siberia 2 pipeline remains held up by unresolved issues. Key terms such as pricing mechanisms and volume flexibility remained unsettled.U.S. President Donald Trump said he would speak with Taiwanese President Lai Ching-te and work on the issue surrounding Taiwan. Beijing has been at odds with the self-governed island in a bid to fully take control of the territory.Chinese President Xi Jinping previously warned the U.S. that "mishandling" the Taiwan issue could lead to conflict.In company news, The U.S. Department of Justice charged China International Marine Containers (SHE:000039), or CIMC, and several of its executives with price-fixing standard, unrefrigerated shipping containers. Shares of the container manufacturer fell 4% Thursday.

Shanghai Composite^SZSESHE:000039
Asia

Market Chatter: Russia's Sberbank Looking to Power Gigachat AI Model with China Chips

Russian banking giant Sberbank is looking to power its GigaChat artificial intelligence model with China-made microchips, Reuters reported Wednesday, citing CEO German Gref.Sanctions imposed by the West hamper Russia's access to advanced semiconductor technology, the newswire said.Gref has yet to say what chips Sberbank is planning to purchase, Reuters said.However, Sberbank's push for advanced AI chips also faces competition from Chinese internet firms as they are also rushing to purchase Ascend 950 AI chips from Huawei, 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.)

Shanghai Composite^SZSE
International

Market Chatter: China Still Germany's Biggest Trading Partner in Q1

China is Germany's largest trading partner in the first three months of 2026, Reuters reported Wednesday, citing the newswire's computations from the Federal Statistics Office.Total trade between China and Germany reached 61.5 billion euros in the first quarter, higher than the total trade value of 60 billion euros with the U.S. and 52.8 billion euros with the Netherlands, the report said.Exports to China slid 12.5% to 18 billion euros, while imports increased 6.4% to 43.5 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
Asia

Market Chatter: Trump Signals Intent to Talk With Taiwan's President

U.S. President Donald Trump said he would speak with Taiwanese President Lai Ching-te and work on the issue surrounding Taiwan, according to a Reuters report on Wednesday.Before boarding Air Force One, Trump told reporters at Joint Base ​Andrews in Maryland that they will "work on that, the Taiwan problem," but sources told Reuters that a meeting between the leaders is not yet scheduled, the report said.Beijing has been at odds with the self-governed island in a bid to fully take control of the territory, according to the media outlet.During Trump's visit to Beijing last week, Chinese President Xi Jinping warned the U.S. that "mishandling" the Taiwan issue could lead to conflict.The White House and China's embassy in Washington did not immediately respond to Reuter's request for comment on the matter, 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^SZSETaiwan Weighted
Asia

China Plans to Launch Curbs on Strategic Minerals

China plans to introduce restrictions on certain strategic minerals, which will be effective June 15, according to a government notice published on the state-owned Xinhua News Agency.Some of the curbs will include planning control, restrictions on mining entities and quantity regulation.The notice did not specify which minerals would be covered in the regulations.

Shanghai Composite^SZSE
Asia

Market Chatter: Russia-China Gas Pipeline Talks Continue to Stall

Russian President Vladimir Putin left China without any notable progress on a Russia-to-China natural gas pipeline project, Bloomberg News reported Wednesday.After years of Russian efforts to finalize an agreement, the proposed Power of Siberia 2 pipeline remains held up by unresolved issues, according to the report. Key terms such as pricing mechanisms and volume flexibility remained unsettled.Moscow's long-term vision involves delivering more than 100 billion cubic meters of pipeline gas annually to China, a significant increase from the roughly 40 billion cubic meters supplied in 2025, Bloomberg wrote.Under current Russian plans, this total would be distributed via the first and second Power of Siberia pipelines in addition to the so-called Far Eastern route, according to the report. That route is scheduled to begin operations in early 2027, with an annual capacity of up to 12 billion cubic meters destined for 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
Asia

Market Chatter: Chinese Palladium Imports Surge Nearly Three Times in April

Higher domestic prices pushed China to import 8.6 tons of palladium in April, nearly three times higher than the seasonal average, Bloomberg News 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
Asia

Market Chatter: Chinese Private Equity Rises as Investors Zoom in on Tech, AI

China's private equity activity is experiencing a significant revival with limited partners focusing on chips, manufacturing, artificial intelligence and robotics, The South China Morning Post reported Wednesday.A total of 37 companies raised $13.26 billion on Hong Kong's main board in the first quarter, almost five times the previous year's level, according to the report.Total exit value in Greater China rose to $53 billion in 2025 from $46 billion in 2024, the SCMP wrote.However, Hong Kong's initial public offering backlog stands at between 480 and 500 deals, expected to clear in four to five years, 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
Asia

Market Chatter: Volkswagen Not in Active Talks with Chinese Carmakers

Volkswagen is not in active discussions with Chinese car manufacturers regarding overcapacity at its factories in Europe, Reuters reported Wednesday, citing CEO Oliver Blume's remarks to workers at a general assembly.Blume made the remarks in a bid to assuage workers' worries about staffing but noted the problem of overcapacity needs to be addressed, Reuters reported, citing Blume."We still have excess capacity at our plants in Europe and Germany. We need ​to address this in order to remain competitive," the newswire quoted Blume.Despite three years of belt tightening, including 50,000 job cuts in Germany, the car manufacturer would not return to pre-pandemic sales in Europe, Reuters said, citing Blume.The need to form joint ventures with domestic manufacturers to localize in key markets such as China is killing the business model of German car exports to the world, the newswire said, citing the CEO.Volkswagen has promised to avoid closing factories in Germany to avoid the ire of German unions and the carmakers' works council, 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.)

Shanghai Composite^SZSE
International

China's Postal Sector Logs 6% Rise in January-April Revenue

China's postal sector logged total business revenue of 601.9 billion yuan in the first four months of 2026, up 5.8% from the previous year, according to data from the State Post Bureau.Parcels handled rose 4.1% year over year to 70.2 billion, with express deliveries accounting for 64.6 billion parcels, up 5.1%. percent.

Shanghai Composite^SZSE
Asia

China's Fiscal Revenue Up 3.5% in January-April

China logged fiscal revenue of 8.34 trillion yuan in the January-to-April period, up 3.5% from the previous year, according to data from the Ministry of Finance.The pace of growth was 1.1 percentage points higher than in the first quarter.Tax revenue rose 3.9% year over year to 6.81 trillion yuan in the first four months of 2026, up 1.7 percentage points from Q1.

Shanghai Composite^SZSE
Asia

Market Chatter: Europe Must Set Up Rare Earths Pricing Index to Trim China Reliance, EIT Says

Europe should establish its own pricing index for rare earths and specialty metals to lessen its reliance on China, Reuters reported Wednesday, citing EIT's Bernd Schaefer.Schaefer said the index should have transparent, market-based price benchmarks for critical minerals traded outside China. The index should also collaborate with other traders in countries like the U.S. and Australia, according to the report.The European Union is targeting to mine at least 10% of its yearly requirements of strategic raw materials by 2030 and depend on a third country for up to 65% of its yearly needs, the media outlet said.In December 2025, the EU launched its RESourceEU action plan to accelerate the diversification of the region's supply chains while mitigating its overdependence on China, 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.)

Shanghai Composite^SZSE
International

Chinese Humanoid Robot Production Should Offset Population Decline by 2035, Barclays Says

Humanoid robot deployment in China could help offset about 60% of the country's population decline by 2035, according to a report by Barclays released Tuesday.The British lender expects up to 24 million humanoids by 2035, equivalent to 4% of the labor force in China.Humanoid production in China could help the country cope with a shortfall of about 37 million people in the labor force, it said.

Shanghai Composite^SZSE
Asia

China to Issue Up to 6 Billion Yuan in Green Renminbi Bonds in Hong Kong

China is looking to raise up to 6 billion yuan in green sovereign bonds in Hong Kong starting on the week of May 25, the Finance Ministry said Wednesday.The ministry will issue specifics on the renminbi-denominated issuance prior to the launch.

Hang SengShanghai Composite^SZSE
Asia

Chinese Shares Largely Flat With Downward Bias as Central Bank Keeps Rates Steady

Chinese shares were flat with a downward bias as the country's central bank kept rates steady.The Shanghai Composite Index, the main gauge of Chinese stocks, ticked down 0.2% to 4,162.18. The Shenzhen Component Index barely changed to 15,569.98 from 15,569.91.The People's Bank of China left benchmark rates unchanged in May for the 12th straight month, in line with forecasts. The one-year loan prime rate remained at 3%, while the five-year LPR stayed at 3.5%.Meanwhile, the meeting between Chinese President Xi Jinping and Russian leader Vladimir Putin could substantially raise Russia's energy exports to China. The Kremlin expects both leaders to hold "serious" and "very detailed" discussions on the long-delayed Power of Siberia 2 gas pipeline.The pipeline is set to carry 50 billion cubic meters to China from Russian gas fields that once served Europe.Also, Putin ​has invited Xi to visit Russia in 2027, saying that the ties between their two countries are at "an unprecedented level."In company news, Hybio Pharmaceutical (SHE:300199) signed a framework agreement for the sale of peptide active pharmaceutical ingredients with an undisclosed counterparty. Shares of the pharmaceutical company were down 2% Wednesday.

Shanghai Composite^SZSESHE:300199
International

Fitch Sees Manageable Risk in APAC Insurer Private Credit Exposure

Fitch Ratings says private credit exposure among major rated Asia-Pacific insurers remains broadly contained, with allocations still below 5% of total assets or around 10% of equity capital, including contractual service margin, in 2025.While positions have climbed over the past two to three years, Fitch said the shift has not materially altered overall portfolio risk profiles.The agency noted insurers are relying on tighter safeguards, including diversification across managers, borrowers, sectors and regions, alongside conservative sector choices and limits on leverage. Portfolios are mainly focused on senior secured and asset-backed loans, with regular checks on valuations, credit changes and recoveries due to the illiquid nature of the asset class.Fitch added that regulatory reforms and accounting changes, including risk-based capital frameworks and IFRS 17 and IFRS 9, have supported the allocation trend by improving capital efficiency.

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China Keeps Benchmark Lending Rates Steady as Expected in May
US Markets

China Keeps Benchmark Lending Rates Steady as Expected in May

The People's Bank of China (PBOC) maintained its benchmark lending rates for the 12th consecutive month on Wednesday, matching market forecasts.The central bank kept the one-year loan prime rate (LPR) -- the benchmark for most corporate and household loans -- at 3.00% and the five-year LPR at 3.50%. The five-year LPR is the reference rate for property mortgages.The decision aligned with a unanimous consensus among market participants polled by Reuters. Analysts widely expected the hold as policymakers balance cooling domestic demand against rising factory-gate inflation.Data from the National Bureau of Statistics last week showed that April consumer prices rose 1.2% year-on-year, while the producer price index increased 2.8%, a 45-month high, driven by commodity cost pressures tied to conflicts in the Middle East."Luckily for China, this rising inflation backdrop stems from a near-deflationary environment over the past few years. Thus, the People's Bank of China doesn't face the rate hike pressure that many global central banks are now facing," Lynn Song, ING's chief economist for Greater China, said in a May 15 note.Despite a slowdown in China's economic indicators in April, Beijing continues to hold off on rolling out new stimulus.Retail sales rose 0.2%, the lowest since December 2022, while industrial output jumped 4.1%, lower than the previous month's 5.7%."The monetary policy tone suggests that rate cuts are conditional. With liquidity still ample, it looks increasingly likely that any potential easing won't take place until the second half of the year," Song said in a separate note.Geopolitical factors continue to influence market expectations. While Beijing refrained from introducing major economic stimulus following its late-April Politburo meeting, a recent high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping yielded modest trade developments including commitments for U.S. agricultural purchases and the renewal of export licenses for U.S. beef enterprises.Economists from TD Securities and Huatai Securities (HKG:6886, SHA:601688) expect Beijing to prioritize targeted, sector-specific intervention over broad monetary easing, Reuters reported."We foresee the PBOC being more hesitant to cut rates to stimulate growth after the surge in producer prices, which may reflect a more worrying inflation backdrop," analysts from TD Securities were quoted by The Standard (Hong Kong) as saying.Huatai said the central bank's decision to retain rates signal "that the case for broad-based ​easing has weakened," The Standard reported.

Shanghai Composite^SZSEHKG:6886SHA:601688

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