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Zhang Shidong
Reporter, 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
Banks and developers led losses; HKMA had forewarned that intervention to halt local currency weakness would tighten liquidity and pressure rates.
No luck for two market debutants CaoCao and XJ Electrics as steep losses in both stocks made it a day to forget.
Few asset classes globally match Hong Kong IPOs this year, as institutional and individual investors rush in hoping for eye-popping gains.
Futures on WTI oil tumbled more than 3 per cent to US$66.21 a barrel in Asian trading hours, tempering concerns about global inflation.
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Oil futures surge after US President Donald Trump says attacks ‘obliterated’ targets and Iran threatens to close key oil shipping route.
Stocks pare the week’s losses as central bank’s rate decision hints at sustained recovery in the world’s second-largest economy.
Fed Chair says increases in tariffs are likely to stoke prices, with officials waiting to assess the impact when a truce expires on July 9.
Relaxation comes as a surprise to investors after two years of tough IPO approvals by the CSRC.
Financial Secretary Paul Chan will be present for signing of agreement outlining cooperation in ‘multiple layers and fields’, sources say.
‘The Middle East is once again the fulcrum of global market anxiety,’ an analyst at SPI Asset Management says.
China’s industrial output and fixed-asset investment fell short in May, and the downturn in the property market deepened.
The MSCI Asia-Pacific Index has risen twice as much as global equities or US technology stocks this year as funds return to region.
Shares of Pop Mart, the Chinese toymaker that owns Labubu, have surged almost 600 per cent over the past year in Hong Kong.
Call between the two leaders offers little clarity to ease ongoing trade tensions.
The H-share discount to A shares narrows to 24 per cent from an average of 31 per cent over the past two years.
The Caixin China services PMI index reading of 51.1 in May exceeds Bloomberg’s consensus forecast of 51.
Sentiment turns positive after US indexes approach the record high reached earlier this year on stellar jobs data.
Talks between the US and Chinese presidents could take place as early as this week to break the impasse.
Losses trimmed the Hang Seng Index’s advance in May to about 5 per cent; Shouhui Group slumped 18 per cent in market debut.
Hang Seng Index approached a two-month high on bets global trade relations and market sentiment will improve.
PDD’s overnight slump in New York infected e-commerce stocks amid concerns price discounting will erode margins.
Gains limited by losses in leading carmakers amid lingering concerns about a prolonged price war.
As many as 30 Chinese companies poised for dual listings this year, co-head of global banking at UBS Securities says.
Electric-vehicle makers led losses on concerns fresh price cuts by BYD would prolong a price war, pressuring margins and earnings.
Jiangsu Hengrui’s strong Hong Kong debut boosts Chinese pharmaceutical stocks.
After a 10-fold share-price jump in a year, toymaker tops all but 26 other Hong Kong-listed firms in market capitalisation.
The market is likely to trade sideways as there are no catalysts to support a rally, Dongxing Securities analyst Lin Yang says.
Stocks in Hong Kong are cheaper and backed by stronger earnings performance, attracting mainland-based fund managers.
Morgan Stanley lifts its 2025 China growth forecast to 4.5 per cent from 4.2 per cent.
