Cheryl Heng

Cheryl Heng

Graduate trainee

Cheryl is a graduate trainee at the Post. She joined in 2020 after graduating from the Wee Kim Wee School of Communication and Information at Nanyang Technological University in Singapore. Prior to this, she was an intern on the features desk at Shanghai Daily.

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Latest from Cheryl Heng

Hong Kong stocks log second winning week on Alibaba, tech rally as China services report aids sentiment

Stocks rose for a second week after a private report showed China’s services industry grew in September following a slump in August. Alibaba rallied for a third day from an all-time low.

Stocks rose for a second week after a private report showed China’s services industry grew in September following a slump in August. Alibaba rallied for a third day from an all-time low.

Hong Kong stocks log second winning week on Alibaba, tech rally as China services report aids sentiment
8 Oct 2021 - 4:49PM
Evergrande’s Hong Kong ally boosts Chinese Estates shares with privatisation bid at 83 per cent premium

Chinese Estates soared 32 per cent, recouping US$226 million of market value, after its majority owner offered to buy out minority investors at a premium and delist the stock.

Chinese Estates soared 32 per cent, recouping US$226 million of market value, after its majority owner offered to buy out minority investors at a premium and delist the stock.

Evergrande’s Hong Kong ally boosts Chinese Estates shares with privatisation bid at 83 per cent premium
7 Oct 2021 - 10:09PM
Hong Kong stocks jump by most since July as Alibaba, tech index rebound while Chinese Estates soars on privatisation bid

Stocks rallied by most since late July as Alibaba helped lift the Hang Seng Tech Index from an all-time low. Chinese Estates, an Evergrande ally, soared following a privatisation bid by its majority shareholder.

Stocks rallied by most since late July as Alibaba helped lift the Hang Seng Tech Index from an all-time low. Chinese Estates, an Evergrande ally, soared following a privatisation bid by its majority shareholder.

Hong Kong stocks jump by most since July as Alibaba, tech index rebound while Chinese Estates soars on privatisation bid
7 Oct 2021 - 4:37PM
Hong Kong stocks retreat with property groups under pressure while oil producers advance

Stocks held at a one-year low amid a retreat in property stocks. Lam unveiled a new hub called ‘Northern Metropolis’ bordering Shenzhen in her policy address. Oil producers advanced as crude reached a three-year high.

Stocks held at a one-year low amid a retreat in property stocks. Lam unveiled a new hub called ‘Northern Metropolis’ bordering Shenzhen in her policy address. Oil producers advanced as crude reached a three-year high.

Hong Kong stocks retreat with property groups under pressure while oil producers advance
6 Oct 2021 - 4:31PM
Hong Kong stocks trade near one-year low amid hidden debt, Evergrande concerns while tech index retreats

Stocks traded near one-year low as Fantasia’s default underscores growing concerns about hidden debt and widening default among Chinese developers.

Stocks traded near one-year low as Fantasia’s default underscores growing concerns about hidden debt and widening default among Chinese developers.

Hong Kong stocks trade near one-year low amid hidden debt, Evergrande concerns while tech index retreats
5 Oct 2021 - 5:01PM
Hong Kong stocks sink, extending a four-month slide, as Evergrande races against time to repay debt

Evergrande’s debt situation weighed on market sentiment as Chinese developer races against time to raise cash, repay borrowers and avert a default.

Evergrande’s debt situation weighed on market sentiment as Chinese developer races against time to raise cash, repay borrowers and avert a default.

Hong Kong stocks sink, extending a four-month slide, as Evergrande races against time to repay debt
5 Oct 2021 - 8:48PM
Hong Kong stocks tumble in longest rout since October 2018 on China slowdown concerns

Stocks retreat after a report showing manufacturing in China contracted this month. The Hang Seng Index has lost about 16 per cent in four months, the longest rout in three years.

Stocks retreat after a report showing manufacturing in China contracted this month. The Hang Seng Index has lost about 16 per cent in four months, the longest rout in three years.

Hong Kong stocks tumble in longest rout since October 2018 on China slowdown concerns
30 Sep 2021 - 4:56PM
Stocks erase losses as Chinese power companies rebound on tariff hike outlook while Evergrande soars on asset sale plan

Hong Kong stocks rose for a third day as power companies recouped losses on electricity tariff speculation. Evergrande rallied after an asset-sale plan to trim its debt load.

Hong Kong stocks rose for a third day as power companies recouped losses on electricity tariff speculation. Evergrande rallied after an asset-sale plan to trim its debt load.

Stocks erase losses as Chinese power companies rebound on tariff hike outlook while Evergrande soars on asset sale plan
4 Oct 2021 - 7:32PM
Property, tech stocks lift Hang Seng as China vows to maintain a healthy real estate market amid distress signs

China’s central bank vowed to ensure a healthy property market, a sign authorities are prepared to contain any fallout from Evergrande’s debt crisis. Oil stocks surged amid a global power shortage.

China’s central bank vowed to ensure a healthy property market, a sign authorities are prepared to contain any fallout from Evergrande’s debt crisis. Oil stocks surged amid a global power shortage.

Property, tech stocks lift Hang Seng as China vows to maintain a healthy real estate market amid distress signs
28 Sep 2021 - 4:35PM
Huobi, OKG tumble in Hong Kong after China criminalises cryptocurrency trading to rein in financial risks

Cryptocurrency-related stocks bore the brunt of China’s latest regulatory squeeze which banned transactions to stop financial risks from spreading to society.

Cryptocurrency-related stocks bore the brunt of China’s latest regulatory squeeze which banned transactions to stop financial risks from spreading to society.

Huobi, OKG tumble in Hong Kong after China criminalises cryptocurrency trading to rein in financial risks
27 Sep 2021 - 10:31PM
Hong Kong stocks slide for second week as Evergrande sell-off persists amid silence on debt status

Stocks slumped for a second consecutive week as a Thursday bond payment deadline passed without any update from Evergrande. More clarity on its debt situation is needed to calm frayed nerves, some investors say.

Stocks slumped for a second consecutive week as a Thursday bond payment deadline passed without any update from Evergrande. More clarity on its debt situation is needed to calm frayed nerves, some investors say.

Hong Kong stocks slide for second week as Evergrande sell-off persists amid silence on debt status
4 Oct 2021 - 7:31PM
China Evergrande: from ‘controlled demolition’ to near-certain default and state takeover, money managers outline views on unfolding debt crisis

Global fund managers see a range of outcomes, from outright default to state takeover of assets, amid official silence. The common thread is the need to prevent the crisis from triggering any social disorder.

Global fund managers see a range of outcomes, from outright default to state takeover of assets, amid official silence. The common thread is the need to prevent the crisis from triggering any social disorder.

China Evergrande: from ‘controlled demolition’ to near-certain default and state takeover, money managers outline views on unfolding debt crisis
4 Oct 2021 - 7:31PM
Evergrande’s woes: investors take opposite sides as they size up the potential impact ahead of looming repayment deadline

The divergent views underscore how global investors are sizing up whether the financial viability of Evergrande, with US$300 billion of outstanding liabilities, is tantamount to what has been dubbed China’s “Lehman moment.”

The divergent views underscore how global investors are sizing up whether the financial viability of Evergrande, with US$300 billion of outstanding liabilities, is tantamount to what has been dubbed China’s “Lehman moment.”

Evergrande’s woes: investors take opposite sides as they size up the potential impact ahead of looming repayment deadline
4 Oct 2021 - 7:31PM
Hong Kong, US hedge funds root for Luckin Coffee to overcome accounting scandal with debt restructuring pact

Not many would have given Luckin Coffee a chance to survive its accounting fraud. While the Starbucks wannabe is making strides to exit bankruptcy protection, more hurdles await.

Not many would have given Luckin Coffee a chance to survive its accounting fraud. While the Starbucks wannabe is making strides to exit bankruptcy protection, more hurdles await.

Hong Kong, US hedge funds root for Luckin Coffee to overcome accounting scandal with debt restructuring pact
22 Sep 2021 - 9:55PM
Hong Kong stocks erase losses as developers rebound amid Evergrande debt concerns while Chinese tech firms struggle

Some Chinese developers are raising cash to calm investors about their liquidity situations as Evergrande stoked credit risks. Tech stocks trimmed losses while Macau casino operators regained further footing.

Some Chinese developers are raising cash to calm investors about their liquidity situations as Evergrande stoked credit risks. Tech stocks trimmed losses while Macau casino operators regained further footing.

Hong Kong stocks erase losses as developers rebound amid Evergrande debt concerns while Chinese tech firms struggle
21 Sep 2021 - 5:26PM
Hong Kong developers plunged into turmoil amid concerns Beijing targeting property firms, six firms lose US$11 billion in market value

Hong Kong’s property developers have been left reeling after a sell-off purportedly attributed to the Chinese government’s injunctions for them to serve the national interest drained 6.7 per cent from a gauge that tracks the city’s real estate stocks.

Hong Kong’s property developers have been left reeling after a sell-off purportedly attributed to the Chinese government’s injunctions for them to serve the national interest drained 6.7 per cent from a gauge that tracks the city’s real estate stocks.

Hong Kong developers plunged into turmoil amid concerns Beijing targeting property firms, six firms lose US$11 billion in market value
20 Sep 2021 - 11:32PM
Hong Kong stocks sink on tech, developers fallout while Evergrande roils market as mainland funds take a breather

Stocks sank by the most since July as Evergrande’s free-fall stoked concerns about risks among indebted developers and Chinese officials defended the crackdown on private businesses.

Stocks sank by the most since July as Evergrande’s free-fall stoked concerns about risks among indebted developers and Chinese officials defended the crackdown on private businesses.

Hong Kong stocks sink on tech, developers fallout while Evergrande roils market as mainland funds take a breather
20 Sep 2021 - 5:05PM
Hysan snaps up Shanghai building for 3.5 billion yuan and says it aims to create another Lee Gardens in city

Hysan is betting on the development potential of the up-and-coming East Siwenli neighbourhood in Shanghai.

Hysan is betting on the development potential of the up-and-coming East Siwenli neighbourhood in Shanghai.

Hysan snaps up Shanghai building for 3.5 billion yuan and says it aims to create another Lee Gardens in city
18 Sep 2021 - 9:00AM
Tung Chee-hwa, ex-Hong Kong chief executive, becomes first-time homeowner at 84 with purchase of US$20.6 million luxury home

Tung Chee-hwa, Hong Kong’s first postcolonial chief executive from 1997 to 2005, bought a luxury home at Grenville House in Hong Kong’s posh Mid-Levels district for HK$160 million (US$20.6 million) last month.

Tung Chee-hwa, Hong Kong’s first postcolonial chief executive from 1997 to 2005, bought a luxury home at Grenville House in Hong Kong’s posh Mid-Levels district for HK$160 million (US$20.6 million) last month.

Tung Chee-hwa, ex-Hong Kong chief executive, becomes first-time homeowner at 84 with purchase of US$20.6 million luxury home
14 Sep 2021 - 11:35PM
Evergrande denies rumours of bankruptcy and reorganisation after weekend of protests at offices across China

Heavily indebted developer China Evergrande denied rumours of bankruptcy and reorganisation after rallies were staged at its offices by investors that hold its wealth management products.

Heavily indebted developer China Evergrande denied rumours of bankruptcy and reorganisation after rallies were staged at its offices by investors that hold its wealth management products.

Evergrande denies rumours of bankruptcy and reorganisation after weekend of protests at offices across China
15 Sep 2021 - 11:55AM
China Evergrande’s restructuring ‘quasi unavoidable’ amid distress as ‘free pass’ on debt binge ends

China Evergrande may be able to survive its biggest existential test yet, but some form of debt restructuring is ‘quasi unavoidable’, according to investment banker Michel Lowy.

China Evergrande may be able to survive its biggest existential test yet, but some form of debt restructuring is ‘quasi unavoidable’, according to investment banker Michel Lowy.

China Evergrande’s restructuring ‘quasi unavoidable’ amid distress as ‘free pass’ on debt binge ends
15 Sep 2021 - 11:55AM
Tech stocks sink in Hong Kong on renewed concerns about regulations as China slows the approval for online games

Hong Kong stocks sank by the most since July 27 amid renewed concerns about regulatory tightening as China slows the approval for new online games. Haitong plunged as stockbroker is probed for market breaches.

Hong Kong stocks sank by the most since July 27 amid renewed concerns about regulatory tightening as China slows the approval for new online games. Haitong plunged as stockbroker is probed for market breaches.

Tech stocks sink in Hong Kong on renewed concerns about regulations as China slows the approval for online games
9 Sep 2021 - 10:18PM
Carrie Lam confirms Shenzhen government’s plan to sell offshore bonds in Hong Kong next month

Shenzhen will be the first local-level Chinese government to sell offshore debt in Hong Kong, Carrie Lam says.

Shenzhen will be the first local-level Chinese government to sell offshore debt in Hong Kong, Carrie Lam says.

Carrie Lam confirms Shenzhen government’s plan to sell offshore bonds in Hong Kong next month
8 Sep 2021 - 10:51PM
Bad reactions to Beijing crackdown make Chinese corporate bonds attractive for investors, Baring says

Market reactions to China’s regulatory tightening tend to be too pessimistic based on history, thus creating a chance to buy good bonds, according to Baring Asset Management.

Market reactions to China’s regulatory tightening tend to be too pessimistic based on history, thus creating a chance to buy good bonds, according to Baring Asset Management.

Bad reactions to Beijing crackdown make Chinese corporate bonds attractive for investors, Baring says
21 Sep 2021 - 1:36PM
Tencent no match for ‘China’s DuPont’ as stock’s 333 per cent gain fires up Shenzhen Stock Connect

Dongyue Group, China’s very own DuPont in the making, has become an investor favourite on Shenzhen Connect Stock amid a 333 per cent rally while technology champions such as Tencent struggle.

Dongyue Group, China’s very own DuPont in the making, has become an investor favourite on Shenzhen Connect Stock amid a 333 per cent rally while technology champions such as Tencent struggle.

Tencent no match for ‘China’s DuPont’ as stock’s 333 per cent gain fires up Shenzhen Stock Connect
6 Sep 2021 - 9:14AM
Hong Kong’s data centre providers eye regional expansion to meet surging demand as coronavirus drives internet use

The total gross floor area of Hong Kong’s data centres is expected to expand by 30 per cent by 2025, according to Cushman and Wakefield, as Covid-19 changes people’s consumption habits.

The total gross floor area of Hong Kong’s data centres is expected to expand by 30 per cent by 2025, according to Cushman and Wakefield, as Covid-19 changes people’s consumption habits.

Hong Kong’s data centre providers eye regional expansion to meet surging demand as coronavirus drives internet use
6 Sep 2021 - 3:50PM
Hong Kong’s September home sales head for a record as buyers snap up most of 588 flats offered at three projects

The strong demand over the weekend offers a clear sign that Hong Kong’s residential property market is heading for a record in September, with the sales of newly completed homes expected to rise by 50 per cent from August to 1,800 units.

The strong demand over the weekend offers a clear sign that Hong Kong’s residential property market is heading for a record in September, with the sales of newly completed homes expected to rise by 50 per cent from August to 1,800 units.

Hong Kong’s September home sales head for a record as buyers snap up most of 588 flats offered at three projects
4 Sep 2021 - 11:03PM
Cathie Wood’s Ark ETFs, Aberdeen are nibbling in Tencent, JD.com and other Chinese tech stocks in boost for market bulls

Good news for tech bulls: Ark ETFs and other big money managers are nibbling in Alibaba, Tencent, JD.com, Pinduoduo and more.

Good news for tech bulls: Ark ETFs and other big money managers are nibbling in Alibaba, Tencent, JD.com, Pinduoduo and more.

Cathie Wood’s Ark ETFs, Aberdeen are nibbling in Tencent, JD.com and other Chinese tech stocks in boost for market bulls
1 Sep 2021 - 5:01PM
China is knocking on Southeast Asia’s door, and Hong Kong’s trade council is offering to help open it

Hong Kong’s role as a facilitator could in turn invigorate its professional services industry, which already makes up more than a 10th of the city’s gross domestic product, says trade council.

Hong Kong’s role as a facilitator could in turn invigorate its professional services industry, which already makes up more than a 10th of the city’s gross domestic product, says trade council.

China is knocking on Southeast Asia’s door, and Hong Kong’s trade council is offering to help open it
29 Aug 2021 - 9:22PM
Chinese tech stock sell-off: What money managers RBC, Vontobel, Amundi and Capital Group are doing with their cash

Here is what some of the biggest money managers in the US and Europe are saying about China’s regulatory crackdown and what they are doing with their money.

Here is what some of the biggest money managers in the US and Europe are saying about China’s regulatory crackdown and what they are doing with their money.

Chinese tech stock sell-off: What money managers RBC, Vontobel, Amundi and Capital Group are doing with their cash
20 Aug 2021 - 3:39PM