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
Investors look to Japan’s next rate decision after the Fed points to further tightening this year.
Traders are bracing for central bank decisions in the US, the UK and Japan and are weighing whether a Fed rate increase marks one-off move or new cycle.
Beijing tipped to tighten approvals, heighten scrutiny of humanoid makers as leading robotics specialist reports a 44% stock slump.
Hope for material results is slim, but investors remain wary of volatility as banks forecast ‘fragile detente’ will continue.
Advertisement
For China’s 250 million individual investors, AI is helping them make money from one of the world’s most volatile stock markets.
Investors are eyeing whether tax-related share sales spread to other companies with founders’ wealth held through overseas structures.
State buying appears to quash panic selling in mainland China-listed shares, but Hong Kong’s unsettled market can’t expect government intervention.
Strong corporate earnings may cushion stocks, though US rate and oil risks threaten to weigh on sentiment, according to a leading asset manager.
Investors are bracing for higher borrowing costs and further volatility as US and Japanese rate expectations shift.
Record buying spree by central banks offsets Fed tightening fears, pushing gold towards US$5,000 by year-end, investment banks forecast.
The outstanding balance of stocks bought with borrowed money dropped to US$390.1 billion on Thursday after a brief rebound in August.
Net buying surges for third straight month as AI pivot benefits MiniMax, Alibaba and Tencent, while investors eschew traditional industries.
Expansion aims to ease tight supply of cross-border investment products following crackdown on non-compliant offshore investments.
AI demand and local chip substitution spark boom for tech firms, leaving traditional industries far behind.
Foreign exposures to yuan-traded stocks jump by a third, with QFII data showing holdings surging to more than US$40 billion.
Strong momentum is predicted to drive the yield on China’s 10-year government bonds to a low of 1.65 per cent, according to analysts.
Investors are watching closely for shifts in interest-rate and monetary policy during Friday’s symposium.
Shanghai bourse dividend index shows growth of 4.1 per cent for energy, banking and transport industry stocks, beating AI’s 0.2 per cent loss.
For decades, Hong Kong has drawn affluent Chinese wanting to build up their wealth through stock listings or asset acquisitions.
Treasury buy-backs bolster gold’s rally as investors await US Federal Reserve’s annual meeting at Jackson Hole.
Hong Kong’s bellwether stock index has added two new companies including contract chipmaker Hua Hong Grace Semiconductor.
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.
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.
