Shenzhen Index

BYD, Mercedes, and Red Bull Consortium Bid for Alpine Team Shares and Engine Plant

Pop Star Wang Leehom Confirms Entire Denza Endorsement Fee Was Used to Purchase BYD Stock

BYD Executive Confirms Talks with Stellantis and Other Carmakers to Acquire Idle European Factories

BYD and other auto giants discuss the future of smart mobility in Thailand

A shipment of nearly 5,000 BYD vehicles is heading to Australia to meet growing local demand for electric and plug-in hybrid vehicles.

People's Daily Explores the 'Talent Code' of the New Energy Vehicle Industry, Citing BYD as an Example

BYD Executive Responds to 'Flash Charging Damages Battery' Concerns

Reliance Discusses Battery Components and Issues Rs 13.158 Billion Construction Proposal

BYD's Fang Cheng Bao 'Bao 3' Flash Charging Edition Models Begin Normal Delivery

BYD SHARK Pickup to Launch in China in the Second Half of 2026

BYD postpones flagship electric SUV launch due to over 100,000 pre-orders

BYD delays flagship SUV 'Datang' launch due to surging demand, bookings exceed 100k

CATL and Nanjing Bus Group Sign Strategic Cooperation Agreement to Deepen Full-Scenario Energy Service Layout

Jiangxi Issues 15th Five-Year Plan: Aiming for Over 5 Million kW Energy Storage by 2030

CATL and Tibet Development Investment Group Sign Strategic Cooperation Agreement

BYD leadership visits Inokom plant in Malaysia, hinting at a pivot in local assembly plans

JPMorgan Increases Stake in Goldwind by 1.06M Shares on May 13, Holding Ratio Rises to 7.12%

Baillie Gifford sells 2.6 million shares of Ganfeng Lithium for approx 201 million HKD

GF Securities completes 5 billion yuan perpetual subordinated bond issuance at coupon rate of 2.09%

BYD reportedly delays launch of new 'Tang' series model due to tight battery supply

000001

000300

399001

China's economy showed significant slowdown in April, with fixed-asset investment down 1.6%, retail sales rising only 0.2%, and industrial production growing at 4.1%, below expectations. Despite strong exports, domestic consumption remains weak, with new household loans declining and jobless rates for early-career workers rising. Policymakers are adopting a cautious approach amid ongoing economic challenges and high raw material costs.

- China’s economy experienced a broad slowdown in April, with fixed-asset investment declining 1.6% and retail sales rising only 0.2%, below expectations.  
- Industrial production also underperformed, growing 4.1%, significantly less than the anticipated 6%.  
- Despite strong exports and a slight decrease in the jobless rate to 5.2%, consumer confidence remains low, prompting cautious policymaking from Chinese authorities.

Straitstimes

SSE Index

CSI 300

China economy slows sharply as investment returns to contraction

China April 2026 economic activity data. more to come

Investinglive

China April Retail Sales +0.2% y/y (exp 2%) & Industrial Prduction +4.1% y/y (exp 5.9%)

China's economic data for April indicates a K-shaped recovery, with industrial production expected to rise 6% while retail sales grow only 1.9%. Despite strong exports driven by AI and renewable energy demand, domestic consumption remains sluggish due to a weak job market and consumer caution. Policymakers are adopting a wait-and-see approach amid ongoing economic imbalances, with potential risks from the Iran crisis affecting tech exports.

- China's consumption growth in April is expected to be lower than industrial output growth, with a predicted retail sales increase of 1.9%.  
- Industrial production is anticipated to grow by 6%, driven by strong exports amid global AI investments and renewable energy demand.  
- Despite these positive indicators, weak domestic demand, a sluggish labor market, and ongoing geopolitical tensions pose significant challenges to consumer confidence and investment.

Businesstimes News

Citigroup

Goldman Sachs

Macquarie Group Limited

CITIGROUP INC 6.250 NON CUM SER II PFD WI

GS Hldg R

China’s K-shaped economic divide is extending to another quarter

The People's Bank of China (PBOC) reported that Aggregate Financing to the Real Economy for January to April 2026 was RMB15.45 trillion, falling short of the RMB16.08 trillion forecast. This figure marks a year-on-year decrease of RMB893 billion. Loans to the real economy totaled RMB8.5 trillion, down RMB1.29 trillion year-on-year. Notably, corporate bond financing rose to RMB1.5 trillion, while government bond financing decreased to RMB4.45 trillion. Equity financing by non-financial enterprises reached RMB200.8 billion, an increase of RMB65.5 billion year-on-year.

- The People's Bank of China announced that total financing to the real economy from January to April 2026 reached 15.45 trillion yuan, a decrease of 893 billion yuan from the previous year, falling short of the market expectation of 16.08 trillion yuan.  
- Loans to the real economy amounted to 8.5 trillion yuan, down 1.29 trillion yuan year-on-year, while foreign currency loans converted to yuan increased by 1.036 billion yuan.  
- Corporate bond financing netted 1.5 trillion yuan, rising 739.3 billion yuan compared to last year, although government bonds saw a decrease in net financing of 399 billion yuan.

AASTOCKS News

PBOC: Jan-Apr Aggregate Financing to the Real Economy (Flow) at RMB15.45T, Below Market Forecast of RMB16.08T

Chinese new bank loans fell by 10 billion yuan ($1.5 billion) in April, indicating weak credit demand, as borrowers repaid more than banks extended. This was significantly lower than the expected 325 billion yuan. Total social financing dropped to 620 billion yuan from 5.23 trillion yuan in March. Meanwhile, M2 money supply increased by 8.6% year-on-year, slightly above the anticipated 8.5%.

- Chinese new bank loans decreased by 10 billion yuan in April, indicating weak credit demand.  
- This decline was significantly lower than the expected 325 billion yuan, with borrowers repaying more than the amount extended by banks.  
- Total social financing fell sharply to 620 billion yuan from 5.23 trillion yuan in March, although the M2 money supply rose by 8.6% year-on-year.

MorningStar

China New Yuan Loans Fell in April

New yuan loans in April were -¥10 billion, indicating a concerning trend in credit demand. Year-to-date lending totals ¥8.59 trillion, down from ¥10 trillion last year. This decline suggests weakening economic momentum, prompting potential monetary policy easing by Beijing. Additionally, the US-Iran conflict is raising energy prices, further impacting China's economy, which relies on Iranian oil imports for about 15% of its total needs.

- In April, new RMB loans amounted to -100 billion, raising concerns about potential issues in credit demand following previous fluctuations.  
- The total new bank loans for the year so far reach 8.59 trillion RMB, significantly down from approximately 10 trillion RMB during the same period last year.  
- Weak credit demand signals a decline in economic momentum, which could lead Beijing to further loosen monetary policy, while rising energy prices from U.S.-Iran tensions add additional pressure on the Chinese economy.

China new bank loans disappoint in April as sluggish start to the year continues

STECH

00HSI

000905

中证1000

HSCEI

China's economic growth slowed in April, with industrial output rising 4.1% and retail sales only 0.2%, both missing forecasts. Domestic car sales fell 21.6%, marking seven months of decline. Fixed-asset investment contracted 1.6% in early 2026. Economists cite weak domestic demand and external risks from the Middle East conflict as factors. Despite a 5.0% growth in Q1, analysts warn of an uneven recovery, with the property market downturn continuing to impact growth.

- China's economic growth slowed in April, with industrial output increasing by only 4.1% and retail sales rising just 0.2%, significantly below expectations.  
- Factors such as high energy costs from the Iran war, weak domestic demand, and a drop in fixed-asset investment contributed to this downturn.  
- Economists warned that while exports held up, the ongoing property market downturn and rising input costs could further pressure the economy.

Business Standard

Hang Seng TECH Index

Hang Seng Index

CSI 500

Hang Seng China Enterprises Index

China's April growth slows as factory output, retail sales miss forecasts

.HXC

U.S. President Donald Trump expressed optimism about the future of U.S.-China relations, stating they will become stronger than before. According to NS3.AI, Trump made this remark during his state visit to China.

CoinLive

NASDAQ Golden Dragon China Index

U.S.-China Relations Expected to Strengthen, Says Trump

China's consumption growth slowed in April, lagging behind industrial activity. Despite global trade challenges, including the Iran war, trade remains a positive factor for China's economy. This disparity indicates difficulties in the domestic market, highlighting the complex dynamics of China's economic landscape amid global uncertainties.

China's Consumption Growth Slows in April Amid Global Trade Challenges

China's economy showed signs of slowing in April, with industrial output growth falling to 4.1% and retail sales rising only 0.2%, the lowest since December 2022. Higher energy costs and weak domestic demand are impacting growth, despite better-than-expected exports. Fixed-asset investment also contracted by 1.6%. Analysts warn of a potential economic slowdown in Q2, with rising inflation complicating policy decisions. The jobless rate slightly decreased to 5.2%. Overall, the data indicates a fragile recovery amid external risks and uneven domestic demand.

- China's economic growth lost momentum in April, with industrial output slowing and retail sales hitting a three-year low, impacted by rising energy costs from the Iran conflict and weak domestic demand.  
- Export performance improved, helping cushion energy shock effects, but higher input costs threatened already weak factory profit margins.  
- Despite the data release, the stock market remained stable as investors focused on geopolitical tensions and global bond market fluctuations.

Shenzhen Index(399001.SZ)

China economy slows sharply as investment returns to contraction

China April Retail Sales +0.2% y/y (exp 2%) & Industrial Prduction +4.1% y/y (exp 5.9%)

China’s K-shaped economic divide is extending to another quarter

PBOC: Jan-Apr Aggregate Financing to the Real Economy (Flow) at RMB15.45T, Below Market Forecast of RMB16.08T

China New Yuan Loans Fell in April