Daniel Ren

Daniel Ren is the Post's Shanghai bureau chief. A Shanghai native, Daniel joined the Post in 2007 as a business reporter.
Daniel Ren
Daniel Ren is the Post's Shanghai bureau chief. A Shanghai native, Daniel joined the Post in 2007 as a business reporter.

Latest from Daniel Ren

When extra days wouldn’t spur Chinese consumers to spend, retailers open late into the night to loosen purse strings

China’s policymakers are pinning their hopes on the younger demographic to move the country towards a consumer-driven economy and are coming up with incentives for businesses to make it happen.

12 Oct 2019 - 1:11PM

China’s policymakers are pinning their hopes on the younger demographic to move the country towards a consumer-driven economy and are coming up with incentives for businesses to make it happen.

When extra days wouldn’t spur Chinese consumers to spend, retailers open late into the night to loosen purse strings
China to scrap foreign ownership limits in securities, futures and fund management firms next year in apparent trade-war concession

The securities watchdog said the limits will be abolished for futures firms on January 1, mutual fund managers on April 1, and securities companies on December 1 next year

11 Oct 2019 - 10:47PM

The securities watchdog said the limits will be abolished for futures firms on January 1, mutual fund managers on April 1, and securities companies on December 1 next year

China to scrap foreign ownership limits in securities, futures and fund management firms next year in apparent trade-war concession
Fewer super rich individuals in China as fortunes shrink amid raging trade war, slowing economy, Hurun list shows

Although 1,819 mainland individuals made it to the Hurun Rich List, 40 per cent of the people on the list two years ago failed to make the cut this year – the biggest drop since records began 21 years ago

10 Oct 2019 - 5:34PM

Although 1,819 mainland individuals made it to the Hurun Rich List, 40 per cent of the people on the list two years ago failed to make the cut this year – the biggest drop since records began 21 years ago

Fewer super rich individuals in China as fortunes shrink amid raging trade war, slowing economy, Hurun list shows
Property technology has the potential to create a multibillion dollar market as China looks for new growth engines

Better use of proptech will eventually help increase the contribution of China’s real estate sector to the overall economy, says industry expert.

2 Oct 2019 - 6:00AM

Better use of proptech will eventually help increase the contribution of China’s real estate sector to the overall economy, says industry expert.

Property technology has the potential to create a multibillion dollar market as China looks for new growth engines
Lingang, home to Tesla’s first factory outside US, secures 24 deals worth US$1 billion, but investment ‘far from enough’, analyst says

Shanghai’s Lingang free-trade zone, home to Tesla’s Gigafactory 3, said on Thursday it had signed 24 automotive industry-related deals worth a combined 8 billion yuan (US$1.1 billion).

26 Sep 2019 - 10:58PM

Shanghai’s Lingang free-trade zone, home to Tesla’s Gigafactory 3, said on Thursday it had signed 24 automotive industry-related deals worth a combined 8 billion yuan (US$1.1 billion).

Lingang, home to Tesla’s first factory outside US, secures 24 deals worth US$1 billion, but investment ‘far from enough’, analyst says
European firms are on the lookout for tangible incentives before embracing Shanghai’s expanded free trade zone in Lingang

Hong Kong’s ongoing street protests against a controversial extradition bill have wreaked havoc on the city’s economy and brought an opportunity to mainland metropolises such as Shanghai and Shenzhen to catch up with the special administrative region.

24 Sep 2019 - 10:54PM

Hong Kong’s ongoing street protests against a controversial extradition bill have wreaked havoc on the city’s economy and brought an opportunity to mainland metropolises such as Shanghai and Shenzhen to catch up with the special administrative region.

European firms are on the lookout for tangible incentives before embracing Shanghai’s expanded free trade zone in Lingang
Shanghai offers cash incentives of up to US$8.5 million to lure financial institutions to Lingang free-trade zone area

Banks, insurers and brokerages will receive up to 60 million yuan (US$8.46 million) in subsidies to buy office properties in Lingang, the new part of the FTZ.

20 Sep 2019 - 11:05PM

Banks, insurers and brokerages will receive up to 60 million yuan (US$8.46 million) in subsidies to buy office properties in Lingang, the new part of the FTZ.

Shanghai offers cash incentives of up to US$8.5 million to lure financial institutions to Lingang free-trade zone area
Shanghai speeds up IPO process for government assets as city’s economy slows sharply

Bai Tinghui, head of Shanghai State-owned Assets Supervision and Administration Commission, says some of the 14 companies shortlisted to be taken public have already started their application process.

20 Sep 2019 - 7:55AM

Bai Tinghui, head of Shanghai State-owned Assets Supervision and Administration Commission, says some of the 14 companies shortlisted to be taken public have already started their application process.

Shanghai speeds up IPO process for government assets as city’s economy slows sharply
Will technology or commerce win out as Shenzhen and Shanghai compete to be the model for China’s economic reforms?

Opportunities await Shanghai and Shenzhen after the Chinese government unveiled blueprints for the long-term developments of the two cities, but analysts warn that success will only follow if the plans are implemented in full.

18 Sep 2019 - 8:30AM

Opportunities await Shanghai and Shenzhen after the Chinese government unveiled blueprints for the long-term developments of the two cities, but analysts warn that success will only follow if the plans are implemented in full.

Will technology or commerce win out as Shenzhen and Shanghai compete to be the model for China’s economic reforms?
Mengniu Dairy moves to buy Australia baby milk formula maker Bellamy’s for US$1 billion as part of global expansion goals

The ongoing US-China trade war has deterred mainland companies from making acquisitions abroad because of more scrutiny by the foreign investment authorities.

18 Sep 2019 - 2:33PM

The ongoing US-China trade war has deterred mainland companies from making acquisitions abroad because of more scrutiny by the foreign investment authorities.

Mengniu Dairy moves to buy Australia baby milk formula maker Bellamy’s for US$1 billion as part of global expansion goals
China scraps QFII and RQFII investments quota to allow unrestricted access to world’s second-largest capital market

The removal of the first quota, 17 years after the QFII programme was set up to allow a gradual, regulated opening of China’s equities, removes one of the major vestiges of China’s closed capital markets.

10 Sep 2019 - 11:03PM

The removal of the first quota, 17 years after the QFII programme was set up to allow a gradual, regulated opening of China’s equities, removes one of the major vestiges of China’s closed capital markets.

China scraps QFII and RQFII investments quota to allow unrestricted access to world’s second-largest capital market
China Merchants’ unit sets sight on reinforced ships for polar cruises, as Chinese tourists flock to sightseeing in Antarctica

Shipbuilding is one of the 10 core technologies included in Beijing's “Made in China 2025" industrial strategy, an ambitious plan that will help the country catch up with global leaders in 10 key industrial sectors.

8 Sep 2019 - 10:57PM

Shipbuilding is one of the 10 core technologies included in Beijing's “Made in China 2025" industrial strategy, an ambitious plan that will help the country catch up with global leaders in 10 key industrial sectors.

China Merchants’ unit sets sight on reinforced ships for polar cruises, as Chinese tourists flock to sightseeing in Antarctica
Naive tourist? Bumbling spy? Months after her arrest at Mar-a-Lago, Zhang Yujing remains a cipher

Zhang, representing herself in US court on charges that carry up to six years in prison, may have been an ‘unwitting asset’ of Chinese intelligence, a former FBI agent says.

6 Sep 2019 - 10:05PM

Zhang, representing herself in US court on charges that carry up to six years in prison, may have been an ‘unwitting asset’ of Chinese intelligence, a former FBI agent says.

Naive tourist? Bumbling spy? Months after her arrest at Mar-a-Lago, Zhang Yujing remains a cipher
With Birkin bags, Moutai sold out and memberships withdrawn, was Costco’s stunning Shanghai debut a one-day wonder after all?

Costco sees dozens of membership withdrawals at its Shanghai store only days after thousands of consumers had overwhelmed the retailer’s operations on its first day of operations.

4 Sep 2019 - 7:00PM

Costco sees dozens of membership withdrawals at its Shanghai store only days after thousands of consumers had overwhelmed the retailer’s operations on its first day of operations.

With Birkin bags, Moutai sold out and memberships withdrawn, was Costco’s stunning Shanghai debut a one-day wonder after all?
What does an insurer know about smart cities? Ping An reckons its big data analysis can transform it into a tech-driven financial firm
Shanghai fails to offer zero-duty incentives seen as crucial to cargo flows in Lingang free-trade zone

An operating guide containing 50 new rules published by the Shanghai government on Friday failed to mention what import duty policy would be adopted inside the free-trade zone at Lingang, a detail that foreign as well as local businesses were waiting for.

30 Aug 2019 - 5:30PM

An operating guide containing 50 new rules published by the Shanghai government on Friday failed to mention what import duty policy would be adopted inside the free-trade zone at Lingang, a detail that foreign as well as local businesses were waiting for.

Shanghai fails to offer zero-duty incentives seen as crucial to cargo flows in Lingang free-trade zone
Sino Land’s Robert Ng urges quick end to Hong Kong’s protests after developer posts 16.5 per cent drop in underlying profit

Sino Land’s chairman says the protests have disrupted the city’s economy, but the company is taking appropriate measures to minimise the damage to its business.

30 Aug 2019 - 7:30AM

Sino Land’s chairman says the protests have disrupted the city’s economy, but the company is taking appropriate measures to minimise the damage to its business.

Sino Land’s Robert Ng urges quick end to Hong Kong’s protests after developer posts 16.5 per cent drop in underlying profit
Volvo’s electric car brand Polestar joins a crowded market amid slowing sales in China

Polestar opens its first China plant in Chengdu and is on track to open its next production facility in 2020, says CEO Thomas Ingenlath

28 Aug 2019 - 8:30AM

Polestar opens its first China plant in Chengdu and is on track to open its next production facility in 2020, says CEO Thomas Ingenlath

Volvo’s electric car brand Polestar joins a crowded market amid slowing sales in China
Birkin bags, Moutai and a savvy social media push: how Costco scored with its Shanghai debut while other retailers failed

Unable to cope with the mad rush of shoppers and safety concerns, bricks-and-mortar retailer Costco is forced to shut its Shanghai store early on its first day

28 Aug 2019 - 12:55PM

Unable to cope with the mad rush of shoppers and safety concerns, bricks-and-mortar retailer Costco is forced to shut its Shanghai store early on its first day

Birkin bags, Moutai and a savvy social media push: how Costco scored with its Shanghai debut while other retailers failed
Shanghai tapping upcoming artificial intelligence conference to woo foreign AI investment amid trade-war slump

Nearly 300 companies – including Tesla, IBM and Microsoft – plan to attend the AI conference and display their latest technology, according to a Shanghai official.

23 Aug 2019 - 10:39PM

Nearly 300 companies – including Tesla, IBM and Microsoft – plan to attend the AI conference and display their latest technology, according to a Shanghai official.

Shanghai tapping upcoming artificial intelligence conference to woo foreign AI investment amid trade-war slump
Taiwan M&A activity hits 15-year low as US-China trade war rocks business climate

Ongoing trade tension between the world’s two largest economies and a global economic slowdown have worsened investment sentiment, according to data provider Dealogic.

22 Aug 2019 - 10:21PM

Ongoing trade tension between the world’s two largest economies and a global economic slowdown have worsened investment sentiment, according to data provider Dealogic.

Taiwan M&A activity hits 15-year low as US-China trade war rocks business climate
Shanghai to give foreign workers access to share options for locally-listed firms to attract more funds and talent

Shanghai is stepping up its efforts to become the region’s financial powerhouse at a time protests are putting Hong Kong’s status at risk.

14 Aug 2019 - 8:44PM

Shanghai is stepping up its efforts to become the region’s financial powerhouse at a time protests are putting Hong Kong’s status at risk.

Shanghai to give foreign workers access to share options for locally-listed firms to attract more funds and talent
Lingang’s inclusion in Shanghai Free-Trade Zone a chance for Beijing to conduct bold reforms

Six years after the launch of the Shanghai Free-Trade Zone, a lot of planned reforms remain unfulfilled. But market observers hope its expansion will lead to implementation of policies that will spur the development of the area.

14 Aug 2019 - 4:19PM

Six years after the launch of the Shanghai Free-Trade Zone, a lot of planned reforms remain unfulfilled. But market observers hope its expansion will lead to implementation of policies that will spur the development of the area.

Lingang’s inclusion in Shanghai Free-Trade Zone a chance for Beijing to conduct bold reforms
Shanghai-based Zendai closes two P2P units worth US$1.4 billion as Beijing intensifies crackdown

The P2P platforms operated by the private investment company employed 5,000 and operated 135 outlets across the mainland.

13 Aug 2019 - 11:34PM

The P2P platforms operated by the private investment company employed 5,000 and operated 135 outlets across the mainland.

Shanghai-based Zendai closes two P2P units worth US$1.4 billion as Beijing intensifies crackdown
Peugeot-Citroen and its partner Dongfeng will halve their workforce, slash production capacity as China car sales plunge

The scaleback is a dramatic reversal in the industry after three decades of breakneck growth, which attracted every carmaker on the planet to pour billions of dollars into China, investments that catapulted the nation of millions of bicycles into the largest market for vehicles within a generation.

12 Aug 2019 - 11:09PM

The scaleback is a dramatic reversal in the industry after three decades of breakneck growth, which attracted every carmaker on the planet to pour billions of dollars into China, investments that catapulted the nation of millions of bicycles into the largest market for vehicles within a generation.

Peugeot-Citroen and its partner Dongfeng will halve their workforce, slash production capacity as China car sales plunge
Chinese consumers shrug off impact of trade war on economy with increased spending to improve quality of life

Although a UBS survey showed that Chinese consumers were planning to spend more on goods and services, the ongoing trade war will lead to slowing growth in the fourth quarter and also next year.

12 Aug 2019 - 11:09PM

Although a UBS survey showed that Chinese consumers were planning to spend more on goods and services, the ongoing trade war will lead to slowing growth in the fourth quarter and also next year.

Chinese consumers shrug off impact of trade war on economy with increased spending to improve quality of life
China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses

The frenzied buying that fired up the Star Market has created at least 30 yuan-denominated billionaires among those who already owned pre-IPO stakes in the newly listed companies.

5 Aug 2019 - 8:53AM

The frenzied buying that fired up the Star Market has created at least 30 yuan-denominated billionaires among those who already owned pre-IPO stakes in the newly listed companies.

China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses
China’s electric vehicle showrooms are sending an ominous signal about the sales outlook this year

Consumers front-loaded electric vehicle purchasing decisions ahead of a reduction in government subsidies in June

1 Aug 2019 - 11:11PM

Consumers front-loaded electric vehicle purchasing decisions ahead of a reduction in government subsidies in June

China’s electric vehicle showrooms are sending an ominous signal about the sales outlook this year
Beijing thunderstorms return China Eastern’s flight MU5331 twice to Shanghai, taking 17 hours to get back to its origin

Chinese travellers had been spending more time at airports and on aircraft as delays worsened, with the average waiting time in 2015 at 21 minutes – two minutes longer than in 2014 – according to a survey conducted that year by the Civil Aviation Administration of China (CAAC).

30 Jul 2019 - 10:48PM

Chinese travellers had been spending more time at airports and on aircraft as delays worsened, with the average waiting time in 2015 at 21 minutes – two minutes longer than in 2014 – according to a survey conducted that year by the Civil Aviation Administration of China (CAAC).

Beijing thunderstorms return China Eastern’s flight MU5331 twice to Shanghai, taking 17 hours to get back to its origin
Is Star Market, Xi Jinping’s pet project to boost tech fundraising, just another casino for excitable stock market punters?

Many small investors who chased early gains came unstuck when the frenzied rally that sent the shares skyrocketing ran out of steam

30 Jul 2019 - 11:17AM

Many small investors who chased early gains came unstuck when the frenzied rally that sent the shares skyrocketing ran out of steam

Is Star Market, Xi Jinping’s pet project to boost tech fundraising, just another casino for excitable stock market punters?