Daniel Ren

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

Latest from Daniel Ren

Foreign firms from Michelin to Burger King shrug off trade war to bet on China as reduced red tape boosts FDI

Foreign direct investment jumps 6.6 per cent to US$107.1 billion in the first 10 months of this year, according to Ministry of Commerce.

6 hours ago

Foreign direct investment jumps 6.6 per cent to US$107.1 billion in the first 10 months of this year, according to Ministry of Commerce.

Foreign firms from Michelin to Burger King shrug off trade war to bet on China as reduced red tape boosts FDI
Stock Connect: 5 years on, how did linking the mainland-Hong Kong exchanges become a success after launching during Occupy Central?

The Stock Connect is heralded as a great success, giving mainland Chinese investors access to such home-grown stars as Tencent and offshore investors the ability to buy such high fliers as liquor giant Kweichow Moutai.

18 Nov 2019 - 5:29PM

The Stock Connect is heralded as a great success, giving mainland Chinese investors access to such home-grown stars as Tencent and offshore investors the ability to buy such high fliers as liquor giant Kweichow Moutai.

Stock Connect: 5 years on, how did linking the mainland-Hong Kong exchanges become a success after launching during Occupy Central?
Beijing betting bigger is better as it pushes consolidation of state-owned steel plants

Beijing wants the country’s top 10 steel producers to have 60 per cent of the overall capacity by 2020 in a move to improve efficiency.

17 Nov 2019 - 10:35PM

Beijing wants the country’s top 10 steel producers to have 60 per cent of the overall capacity by 2020 in a move to improve efficiency.

Beijing betting bigger is better as it pushes consolidation of state-owned steel plants
German plastics producer rides on China ‘consumption upgrade’ habit for growth as demand from auto industry wanes

Covestro AG, which produces hi-tech plastics for industrial applications, is looking to supply more of its materials to the growing consumer goods sector in China after its mainstay auto industry suffered a slump.

15 Nov 2019 - 5:51AM

Covestro AG, which produces hi-tech plastics for industrial applications, is looking to supply more of its materials to the growing consumer goods sector in China after its mainstay auto industry suffered a slump.

German plastics producer rides on China ‘consumption upgrade’ habit for growth as demand from auto industry wanes
Free-spending shoppers stock up on premium consumer goods as US$71 billion worth of deals are signed at China import expo

Deals at the second edition of the China International Import Expo were up/down xx per cent from last year.

11 Nov 2019 - 8:30AM

Deals at the second edition of the China International Import Expo were up/down xx per cent from last year.

Free-spending shoppers stock up on premium consumer goods as US$71 billion worth of deals are signed at China import expo
Bain Capital dodges trade war impact as it remodels China cosmetics packaging venture with eye on US$34 billion market

The private investment firm now uses its World Wide Packaging cosmetic packaging plant in Suzhou to mainly supply Chinese companies or multinationals that make products in the mainland for domestic consumers.

11 Nov 2019 - 6:00AM

The private investment firm now uses its World Wide Packaging cosmetic packaging plant in Suzhou to mainly supply Chinese companies or multinationals that make products in the mainland for domestic consumers.

Bain Capital dodges trade war impact as it remodels China cosmetics packaging venture with eye on US$34 billion market
One year on, China’s vision for own Nasdaq-style technology board draws praises and disdain

The meteoric rise and recent stumble of China’s budding technology board in Shanghai has captivated investors since its beginning one year ago, minting billionaires and burning investors in its infancy.

9 Nov 2019 - 12:40PM

The meteoric rise and recent stumble of China’s budding technology board in Shanghai has captivated investors since its beginning one year ago, minting billionaires and burning investors in its infancy.

One year on, China’s vision for own Nasdaq-style technology board draws praises and disdain
Mainland China ‘a key growth market’, Hong Kong firm says as more companies from city flock to Shanghai imports expo

Enthusiasm for the expo among Hong Kong companies suggests businesses in the special administrative region were shifting their focus to the vast mainland Chinese market amid a recession at home.

7 Nov 2019 - 10:49PM

Enthusiasm for the expo among Hong Kong companies suggests businesses in the special administrative region were shifting their focus to the vast mainland Chinese market amid a recession at home.

Mainland China ‘a key growth market’, Hong Kong firm says as more companies from city flock to Shanghai imports expo
Asian Infrastructure Investment Bank plays down Beijing role, says transparency and creditworthiness guide decision making

China-led multilateral lender Asian Infrastructure Investment Bank (AIIB) said on Tuesday it would prioritise policy, transparency and creditworthiness when deciding on deals.

5 Nov 2019 - 10:44PM

China-led multilateral lender Asian Infrastructure Investment Bank (AIIB) said on Tuesday it would prioritise policy, transparency and creditworthiness when deciding on deals.

Asian Infrastructure Investment Bank plays down Beijing role, says transparency and creditworthiness guide decision making
As Shanghai gets ready to host second import expo, EU business chamber says half of deals signed last year were not executed

About half of the deals signed by European businesses during the first China International Import Expo (CIIE) last year have not been executed, according to a survey by the European Union Chamber of Commerce in China that casts a shadow over the second edition starting in Shanghai on Tuesday.

4 Nov 2019 - 11:05PM

About half of the deals signed by European businesses during the first China International Import Expo (CIIE) last year have not been executed, according to a survey by the European Union Chamber of Commerce in China that casts a shadow over the second edition starting in Shanghai on Tuesday.

As Shanghai gets ready to host second import expo, EU business chamber says half of deals signed last year were not executed
In big step, China to loosen curbs in its stock exchanges, expanding reforms from its young Star tech board

The changes mean that newly listed stocks could trade without limits for their first week. After that, they and other stocks would be restricted to gains or losses of 20 per cent in a day.

3 Nov 2019 - 11:23PM

The changes mean that newly listed stocks could trade without limits for their first week. After that, they and other stocks would be restricted to gains or losses of 20 per cent in a day.

In big step, China to loosen curbs in its stock exchanges, expanding reforms from its young Star tech board
Hong Kong companies throw their hats into ring at Shanghai’s import fair, as they latch on to world’s largest trade expo for business

The increasing participation by Hong Kong comes amid a slumping economy squeezed by the twin effects of a year-long US-China trade war, and five months of increasingly violent anti-government protests.

2 Nov 2019 - 11:57PM

The increasing participation by Hong Kong comes amid a slumping economy squeezed by the twin effects of a year-long US-China trade war, and five months of increasingly violent anti-government protests.

Hong Kong companies throw their hats into ring at Shanghai’s import fair, as they latch on to world’s largest trade expo for business
Stocks Blog: Soho China, BeiGene soar, while ESR Cayman also gains on first day of trading

Chinese listed companies’ profits increased in first nine months, exchanges say

1 Nov 2019 - 6:07PM

Chinese listed companies’ profits increased in first nine months, exchanges say

Stocks Blog: Soho China, BeiGene soar, while ESR Cayman also gains on first day of trading
Hong Kong stocks break two-day losing streak on lower rates, with bank and property stocks rising

“This [rate cut] will help the Hong Kong market,” said Kenny Tang, chief executive of Royston Securities. “The property sector will benefit the most.”

31 Oct 2019 - 6:27PM

“This [rate cut] will help the Hong Kong market,” said Kenny Tang, chief executive of Royston Securities. “The property sector will benefit the most.”

Hong Kong stocks break two-day losing streak on lower rates, with bank and property stocks rising
Stocks Blog: Hang Seng breaks two-day losing streak, with banks and property stocks rising on rate cuts

China manufacturing slumps for sixth straight month; Shanghai declines for third straight day.

31 Oct 2019 - 5:38PM

China manufacturing slumps for sixth straight month; Shanghai declines for third straight day.

Stocks Blog: Hang Seng breaks two-day losing streak, with banks and property stocks rising on rate cuts
Hong Kong, mainland China stocks extend losses to a second day ahead of US Federal Reserve rate decision

Traders are looking ahead to the US Federal Reserve overnight decision on whether to cut its benchmark rate again, as is widely expected.

30 Oct 2019 - 5:27PM

Traders are looking ahead to the US Federal Reserve overnight decision on whether to cut its benchmark rate again, as is widely expected.

Hong Kong, mainland China stocks extend losses to a second day ahead of US Federal Reserve rate decision
Stocks Blog: BYD plummets on profits plunge, while Standard Chartered jumps after profit beat

BYD's near-term outlook to 'remain challenging,' Daiwa Capital analysts say.

30 Oct 2019 - 4:49PM

BYD's near-term outlook to 'remain challenging,' Daiwa Capital analysts say.

Stocks Blog: BYD plummets on profits plunge, while Standard Chartered jumps after profit beat
China, Hong Kong stocks fall as HSBC continues to weigh on Hang Seng, traders scramble away with profits from blockchain run-up

Chinese smartphone maker Xiaomi and ticketing-to-food delivery service provider Meituan Dianping fell, after posting gains Monday when they first became available to southbound traders on the Stock Connect.

29 Oct 2019 - 5:21PM

Chinese smartphone maker Xiaomi and ticketing-to-food delivery service provider Meituan Dianping fell, after posting gains Monday when they first became available to southbound traders on the Stock Connect.

China, Hong Kong stocks fall as HSBC continues to weigh on Hang Seng, traders scramble away with profits from blockchain run-up
Stocks Blog: HSBC drops again, WH Group posts big gain on strong profit results in Hong Kong

Shanghai snaps two-day winning streak, ending day down by 0.9 per cent 

29 Oct 2019 - 5:15PM

Shanghai snaps two-day winning streak, ending day down by 0.9 per cent 

Stocks Blog: HSBC drops again, WH Group posts big gain on strong profit results in Hong Kong
China, Hong Kong stocks gain, with President Xi Jinping setting off a frenzy of buying of blockchain-related stocks

Meituan Dianping and smartphone-maker Xiaomi, which became available on the Stock Connect to southbound traders for the first time Monday, posted gains.

28 Oct 2019 - 5:23PM

Meituan Dianping and smartphone-maker Xiaomi, which became available on the Stock Connect to southbound traders for the first time Monday, posted gains.

China, Hong Kong stocks gain, with President Xi Jinping setting off a frenzy of buying of blockchain-related stocks
China President Xi Jinping to speak at Shanghai import expo next month in bid to offset US trade war worries

Xi Jinping is expected to again give a keynote speech on the first day of the China International Import Expo, which will be held from November 5-10.

29 Oct 2019 - 6:01PM

Xi Jinping is expected to again give a keynote speech on the first day of the China International Import Expo, which will be held from November 5-10.

China President Xi Jinping to speak at Shanghai import expo next month in bid to offset US trade war worries
Shanghai free-trade zone identifies specialist software as area China can lead in, to offer US$4.3 million in cash subsidies to developers

Shanghai will offer subsidies of as much as 30 million yuan a year to companies developing software used for designing advanced integrated circuits that serve as the brains of everything from electric appliances, smartphones and computers to sophisticated medical equipment, cars and aircraft.

25 Oct 2019 - 7:00AM

Shanghai will offer subsidies of as much as 30 million yuan a year to companies developing software used for designing advanced integrated circuits that serve as the brains of everything from electric appliances, smartphones and computers to sophisticated medical equipment, cars and aircraft.

Shanghai free-trade zone identifies specialist software as area China can lead in, to offer US$4.3 million in cash subsidies to developers
China developers cut prices by up to 10 per cent to spur sales amid slowdown as policymakers maintain market curbs

China’s property developers are pricing their new home projects at a discount to drum up sales amid market-cooling measures, while a sliding currency stokes concerns about debt repayment.

22 Oct 2019 - 7:34PM

China’s property developers are pricing their new home projects at a discount to drum up sales amid market-cooling measures, while a sliding currency stokes concerns about debt repayment.

China developers cut prices by up to 10 per cent to spur sales amid slowdown as policymakers maintain market curbs
Alibaba sets sight on attracting 500 million customers around the world to shop online on 2019 Singles’ Day this November 11

The e-commerce giant is hoping to attract an additional 100 million consumers based on its analysis of data and consumer behaviour, but declines to provide targeted sales value.

22 Oct 2019 - 9:20AM

The e-commerce giant is hoping to attract an additional 100 million consumers based on its analysis of data and consumer behaviour, but declines to provide targeted sales value.

Alibaba sets sight on attracting 500 million customers around the world to shop online on 2019 Singles’ Day this November 11
Shanghai offers biggest hint yet of zero-tariff policy at Lingang free-trade zone as it unveils plans for bonded facility

Shanghai mayor Ying Yong says additional tax incentives would be rolled out at expanded free-trade zone in the hope of turning it into a ‘modern city’ with the greatest level of openness.

21 Oct 2019 - 9:27AM

Shanghai mayor Ying Yong says additional tax incentives would be rolled out at expanded free-trade zone in the hope of turning it into a ‘modern city’ with the greatest level of openness.

Shanghai offers biggest hint yet of zero-tariff policy at Lingang free-trade zone as it unveils plans for bonded facility
Hazard investing? Here are 10 stocks to buy, if and when Hong Kong protests end, according to Morningstar

Help may be at hand, after the Hong Kong Monetary Authority (HKMA) cut a capital buffer to release an estimated HK$300 billion into the financial system to help small and medium enterprises withstand the impending economic downturn.

16 Oct 2019 - 10:37PM

Help may be at hand, after the Hong Kong Monetary Authority (HKMA) cut a capital buffer to release an estimated HK$300 billion into the financial system to help small and medium enterprises withstand the impending economic downturn.

Hazard investing? Here are 10 stocks to buy, if and when Hong Kong protests end, according to Morningstar
Chinese entrepreneur Jia Yueting files for bankruptcy in US but holds on to hope of building electric car to challenge Tesla

The Chapter 11 bankruptcy filing calls for a creditor trust to receive all of Jia’s US equity interest and personal assets under a debt restructuring plan.

15 Oct 2019 - 5:00AM

The Chapter 11 bankruptcy filing calls for a creditor trust to receive all of Jia’s US equity interest and personal assets under a debt restructuring plan.

Chinese entrepreneur Jia Yueting files for bankruptcy in US but holds on to hope of building electric car to challenge Tesla
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.

14 Oct 2019 - 4:48PM

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 - 10:09PM

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