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Laura He
Senior correspondent, Business
Laura covers capital markets and financial affairs in Hong Kong and China, including major IPOs, corporate finance, investment banking, and equity markets, with an eye on technology and innovation for the Post. Previously, she'd worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.
Beijing’s move comes as projections show that the fund is slowly running dry amid an increasingly ageing population and shrinking workforce.
Recent flare up in trade tensions between the US and China led to outflows of more than US$2.5 billion in Chinese equities last week.
Analysts still predict continued capital influx a over longer term, especially from global passive funds that have to buy China stocks after MSCI and FTSE include more A shares in their benchmark indices later this year.
Analysts are concerned about a heavier decline if the US extends tariffs to US$325 billion of Chinese goods.
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Chinese companies have come up with some bizarre explanations for their worst earnings season on record
Analysts suggest investors exercise caution and wait for economic stimulus to filter down to the real economy, amid a forecast of a turn around in corporate earnings in the third quarter.
Shenwan Hongyuan’s shares fell by as much as 15 per cent to an intraday low of HK$3.10
Chaoyang district posts notice on social media account banning staff from peer-to-peer lending platforms from leaving China’s capital city without approval.
Eyed as “a rescuer of China’s box office”, Avengers Endgame is set to debut on April 24 in China
Restructuring of one of China’s big four credit rating agencies comes as Beijing tries to boost its domestic bond market
Fu Yuning, chairman of China Resources Group, says competition is necessary for state enterprises to reform themselves and emerge stronger on the global stage.
The movie sold a record 247 million yuan in tickets on Maoyan as of Monday, for the midnight show on April 24, putting it on track to surpass the 2.4 billion yuan in box office takings by the 2018 instalment Avengers: Infinity War
After 9.6 per cent fall in profits, Chinese brokerage giant plans to raise capital for international expansion.
Wang Jianlin’s net worth has plunged by about 40 per cent since a peak in 2017 of US$31.9 billion to US$20.2 billion now.
Average pay decreased by 5 per cent to 406,000 yuan last year, but Citic executives posted the biggest salary increase due to a lower base in the previous year.
Global deal making activity declined in a chilly first quarter, with Asia hit especially hard by the US-China trade war, growing economic headwinds and market volatility, according to Mergermarket and Dealogic.
Peng Chun will leave Bank of Communications to become the third chairman of China Investment Corporation since the sovereign wealth fund was founded
Chairwoman Dong Mingzhu, known for her tough business resolve and outspoken remarks, is the biggest individual shareholder in the US$42 billion appliance maker
Boston Federal Reserve president Eric Rosengren says observers should understand that central banks must use their balance sheets to confront potential recession.
Asian stock markets plunged on Monday, with benchmark indices declining from Seoul to Sydney, after the Dow Jones Industrial Average plunged on Friday.
An explosion in eastern China rocked chemical sector stocks on Friday, with shares of companies where employees were killed and production shut down sinking. Major dye producers soared on expectations that dye prices could spike because of tightened supply of a chemical compound.
Candidates for the consultative panel include Neil Shen Nanpeng, founder and managing partner of Sequoia Capital China. CEOs Zhang Lei of Hillhouse Capital and Bao Fan of China Renaissance also are on the list.
Company forecasts a challenging year ahead in Hong Kong, but expects a boost from its mainland China expansion.
The four new reactors will adopt China’s domestically developed Hualong third generation nuclear reactor design, an official statement says.
China is facing a widening shortfall in pensions schemes as the population ages and debt pressure rises.
Explosive growth in China’s food delivery business will slow as companies like Meituan focus on user experience and operational efficiency instead of subsidies to gain share
In its three-year strategic plan, the HKEX is tapping a wider range of financial products to widen its lead over rival exchanges, and to transform from a regional course into a global financial market place.
China has become the world’s second largest venture capital market, with over 3,500 firms managing total assets worth nearly 2 trillion yuan.
