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Zhang Shidong
Senior Correspondent, Business
Zhang Shidong is based in Shanghai and reports on business for the Post. He joined the team in 2017, following stints covering China's stock market news for Bloomberg and at a local newspaper in Shanghai.
Zhang Shidong is based in Shanghai and reports on business for the Post. He joined the team in 2017, following stints covering China's stock market news for Bloomberg and at a local newspaper in Shanghai.
Areas of Expertise:
Stock markets, data miningLanguages Spoken:
English, Mandarin, Shanghai dialect
Fears of a debt issuance glut swept across the US bond market this week, driving the 30-year yield to a nearly two-decade high.
Another US-Japan intervention may be needed to prop up the Japanese currency, as a US Treasury rout fuels the yen carry trade, analysts say.
The Star Market 50 index of mostly chipmakers rebounded 9 per cent in August, recouping some of the 26 per cent slump in the previous month.
Tech stocks sink as US bonds sell off on supply jitters, while China’s debt market diverges on sluggish data, spurring easing hopes.
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Central Huijin Investment and China Securities Finance are not among Kweichow Moutai’s top 10 shareholders as of second quarter.
China’s top-ranked hedge fund managers change tactics to ride the changing wave of overseas investments and market dynamics.
Yuan-traded shares have hit a 23 per cent premium over their H share equivalents, the highest in almost 12 months.
The city is looking to expand stock benchmarks in an effort to challenge Nasdaq’s tech dominance.
Sovereign-debt risks and reserve diversification seen helping revive investor optimism in the precious-metals market.
Chipmaker’s inclusion in main global index system set to spur passive demand and spotlight China’s growing semiconductor clout: analysts.
Improved corporate earnings and a broader global tech rebound are helping stocks bounce back from a record monthly decline.
AI bets have been unravelling globally amid doubts about the investment returns on cloud-service infrastructure.
Mainland traders poured US$8 billion into Hong Kong equities in July, eyeing refuge from global tech sector volatility, in a market trading at just 12.2 times earnings.
Elon Musk’s aerospace unit faces scrutiny as results and a share unlock loom, testing investor appetite for capital-intensive tech.
Tech stocks plummeted in July as traders unwound leveraged positions, sparking a drop in margin financing and raising concerns in Beijing.
In rare reference to the nation’s capital markets, Beijing policymakers underscore their role in maintaining resilient capital markets.
Chinese shares trading overseas are being cast as defensive plays as Fed path confusion shifts money away from US equities and bonds.
Advances in chips, chipmaking equipment and AI models disrupt stocks by threatening the edges of existing leaders, investors say.
The optical-module maker plans to buy back shares denominated in yuan to anchor pricing before its initial public offering in the city.
Both a US Fed rate policy meeting and the largest initial public offering in Hong Kong in seven years will occur on Thursday.
Burry’s increasing bearish wagers put pressure on Beijing’s stock market intervention as Moody’s flags mounting debt risks.
Beijing’s new tax rules aim to close loopholes and boost fiscal revenue amid slowing economic growth and rising fiscal burdens.
Zhang Kun cuts US$3.1 billion fund’s holdings in baijiu and e-commerce as ‘downside pressure on the economy has exceeded expectations’.
‘We may see an acceleration of policy implementation in the near term to support consumer and technology industries,’ an analyst says.
The country’s push to stabilise markets reflects urgency to sustain capital access for tech firms and protect small investors.
In the latest sign of government support, five state-backed insurers say they will continue to boost their equity holdings.
The CSRC pledges to stabilise the market after meeting with investor representatives to talk up stocks.
Foreign investors have pulled US$110 billion from Seoul this year, rotating into undervalued Chinese giants as momentum seen slowing for expensive tech stocks.
China has taken deleveraging actions amid wake-up call from South Korean market volatility.
