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

Shanghai approves IPO applications by nine pioneers on Nasdaq-style tech board
Geely sees speed bumps ahead as its car sales and earnings sputter while China’s economic engine loses power

Geely sold 44 per cent fewer cars in December, compared with the same month in 2017, as a trade war with the US and China’s economic slowdown gave customers cause for pause

4 hours ago

Geely sold 44 per cent fewer cars in December, compared with the same month in 2017, as a trade war with the US and China’s economic slowdown gave customers cause for pause

Geely sees speed bumps ahead as its car sales and earnings sputter while China’s economic engine loses power
Chinese consumers – accounting for 33 per cent of all luxury goods spending globally last year – to tighten purse strings in 2019
BMW, Mercedes among luxury carmakers to cut prices in mainland China amid weaker demand, lower VAT

Price cuts of around 2.5 per cent come as Beijing prepares to lower VAT rate on manufacturers from 16 to 13 per cent

18 Mar 2019 - 12:56PM

Price cuts of around 2.5 per cent come as Beijing prepares to lower VAT rate on manufacturers from 16 to 13 per cent

BMW, Mercedes among luxury carmakers to cut prices in mainland China amid weaker demand, lower VAT
‘Policy relaxation’ to rekindle China homes prices later this year, says Hong Kong-listed developer

Cifi Holdings expects China home prices to accelerate in the second half, while Guangzhou and Heze among mainland cities that have already begun unwinding property-cooling measures.

15 Mar 2019 - 4:14AM

Cifi Holdings expects China home prices to accelerate in the second half, while Guangzhou and Heze among mainland cities that have already begun unwinding property-cooling measures.

‘Policy relaxation’ to rekindle China homes prices later this year, says Hong Kong-listed developer
IMAX to show more Chinese-language films after sci-fi blockbuster The Wandering Earth sets box office record

IMAX chief financial officer Patrick McClymont says the company would like to grow its theatre network in China to 1,200 cinemas from 639 last year

4 Mar 2019 - 10:44AM

IMAX chief financial officer Patrick McClymont says the company would like to grow its theatre network in China to 1,200 cinemas from 639 last year

IMAX to show more Chinese-language films after sci-fi blockbuster The Wandering Earth sets box office record
Chinese workers’ hopes for a hefty pay rise will be dashed as employers face gloomy business prospects

Only 8 per cent of mainland-based companies plan to offer raises of 10 per cent or more, according to British recruitment agency Hays

4 Mar 2019 - 6:30AM

Only 8 per cent of mainland-based companies plan to offer raises of 10 per cent or more, according to British recruitment agency Hays

Chinese workers’ hopes for a hefty pay rise will be dashed as employers face gloomy business prospects
Mandarin Oriental foresees reduced profits from closure of Excelsior as iconic hotel goes for redevelopment
Shanghai to Beijing high speed rail operator may be readying for an IPO this year, documents show

Beijing-Shanghai High-Speed Railway being advised by CSC Financial, regulator reveals

27 Feb 2019 - 8:02AM

Beijing-Shanghai High-Speed Railway being advised by CSC Financial, regulator reveals

Shanghai to Beijing high speed rail operator may be readying for an IPO this year, documents show
China Minsheng Investment Group: debt-fuelled ‘aircraft of private businesses’ took off – and then the tank ran dry

China Minsheng Investment Group wanted to be China’s Morgan Stanley. It didn’t turn out that way.

23 Feb 2019 - 8:39AM

China Minsheng Investment Group wanted to be China’s Morgan Stanley. It didn’t turn out that way.

China Minsheng Investment Group: debt-fuelled ‘aircraft of private businesses’ took off – and then the tank ran dry
Investors demand to know how IPOs will be priced in the run-up to China’s new tech board launch

Technically regulators will relinquish their roll in pricing IPO shares, but sources say they would still intervene initially to maintain market stability

20 Feb 2019 - 10:53PM

Technically regulators will relinquish their roll in pricing IPO shares, but sources say they would still intervene initially to maintain market stability

Investors demand to know how IPOs will be priced in the run-up to China’s new tech board launch
Foreign investors piling into mainland China stocks – and that’s expected to only grow

Foreign appetite is expected to only grow if the global index compiler MSCI enlarges A share inclusion in its benchmarks. Its decision is expected by the end of the month.

19 Feb 2019 - 9:54PM

Foreign appetite is expected to only grow if the global index compiler MSCI enlarges A share inclusion in its benchmarks. Its decision is expected by the end of the month.

Foreign investors piling into mainland China stocks – and that’s expected to only grow
Chinese drivers switch lanes, follow US motorists in buying more used cars

Chinese consumers are discovering of late that new is not everything. They are switching gears to buy second-hand cars, as economic growth in mainland China weakens to its slowest pace in decades.

16 Feb 2019 - 6:32AM

Chinese consumers are discovering of late that new is not everything. They are switching gears to buy second-hand cars, as economic growth in mainland China weakens to its slowest pace in decades.

Chinese drivers switch lanes, follow US motorists in buying more used cars
You thought 2018 was bad for China’s stock market? Profit warnings suggest worse may be yet to come

Preliminary announcements show 390 listed companies are set to report a combined loss of US$49 billion for 2018; total losses could be three times higher than a year earlier

12 Feb 2019 - 7:33AM

Preliminary announcements show 390 listed companies are set to report a combined loss of US$49 billion for 2018; total losses could be three times higher than a year earlier

You thought 2018 was bad for China’s stock market? Profit warnings suggest worse may be yet to come
Country Garden, China Evergrande and China Vanke among developers reporting decline in January home sales
China’s ‘home appliance queen’ Dong Mingzhu breached information disclosure rules, CSRC says

Gree chairwoman Dong Mingzhu was found to be in breach of disclosure rules after she gave out sales and earnings information at a special shareholders’ meeting on January 16

3 Feb 2019 - 10:46PM

Gree chairwoman Dong Mingzhu was found to be in breach of disclosure rules after she gave out sales and earnings information at a special shareholders’ meeting on January 16

China’s ‘home appliance queen’ Dong Mingzhu breached information disclosure rules, CSRC says
‘Not impressive’: China’s ambitious stock market reform meets with lukewarm reaction

Groundbreaking reforms around new ‘technology and innovation board’ aim to make China’s stock market globally competitive

1 Feb 2019 - 8:01AM

Groundbreaking reforms around new ‘technology and innovation board’ aim to make China’s stock market globally competitive

‘Not impressive’: China’s ambitious stock market reform meets with lukewarm reaction
Shanghai mayor Ying Yong rules out easing control on home prices even as economy slows down
China unveils trading rules for new hi-tech board, paving way for bold new market to compete with New York, Hong Kong

Beijing will allow unprofitable tech firms, including pre-revenue biotech start-ups, to list shares on its much anticipated Technology Innovation Board.

31 Jan 2019 - 2:18AM

Beijing will allow unprofitable tech firms, including pre-revenue biotech start-ups, to list shares on its much anticipated Technology Innovation Board.

China unveils trading rules for new hi-tech board, paving way for bold new market to compete with New York, Hong Kong
Shanghai promises more open economy, tax cuts amid expectations of slowest economic growth since 1990

City expects GDP to expand at between 6 per cent and 6.5 per cent in 2019.

28 Jan 2019 - 6:07AM

City expects GDP to expand at between 6 per cent and 6.5 per cent in 2019.

Shanghai promises more open economy, tax cuts amid expectations of slowest economic growth since 1990
Tesla’s US$5 billion Gigafactory helps Shanghai record increase in foreign direct investment for 2018

Mainland China’s commercial and financial capital shrugged off the US-China trade war to record an annual increase in foreign direct investment – driven in no small part by Tesla’s plan to build its first plant outside the US in the city’s free-trade zone.

23 Jan 2019 - 9:15AM

Mainland China’s commercial and financial capital shrugged off the US-China trade war to record an annual increase in foreign direct investment – driven in no small part by Tesla’s plan to build its first plant outside the US in the city’s free-trade zone.

Tesla’s US$5 billion Gigafactory helps Shanghai record increase in foreign direct investment for 2018
Tesla recalls more than 14,000 Model S cars in China to replace faulty airbags made by Takata
China’s home appliances queen Dong Mingzhu stays on as chairwoman of air-con maker Gree

Dong, who has not taken a single day off from work in nearly 30 years, promises shareholders 10pc annualised sales growth over next five years

16 Jan 2019 - 8:16PM

Dong, who has not taken a single day off from work in nearly 30 years, promises shareholders 10pc annualised sales growth over next five years

China’s home appliances queen Dong Mingzhu stays on as chairwoman of air-con maker Gree
Beijing, pushing its electric vehicle market, is making it harder for start-ups to enter as it fights overcapacity

Forecast number of vehicles produced by 2020 is 10 times the government’s target

15 Jan 2019 - 9:20PM

Forecast number of vehicles produced by 2020 is 10 times the government’s target

Beijing, pushing its electric vehicle market, is making it harder for start-ups to enter as it fights overcapacity
Chinese developer Greenland Hong Kong expands into China’s US$1.9 trillion aged care sector as property market slumps

Diversification aims to sustain growth as China’s economy slows but demand for senior care is expected to rise amid an ageing society

14 Jan 2019 - 11:56AM

Diversification aims to sustain growth as China’s economy slows but demand for senior care is expected to rise amid an ageing society

Chinese developer Greenland Hong Kong expands into China’s US$1.9 trillion aged care sector as property market slumps
Has Geely cut its holding in Daimler? The Chinese carmaker says ‘no’

It bought a 9.7pc stake for US$9 billion in 2018 as part of efforts to expand overseas

11 Jan 2019 - 11:00PM

It bought a 9.7pc stake for US$9 billion in 2018 as part of efforts to expand overseas

Has Geely cut its holding in Daimler? The Chinese carmaker says ‘no’
Carmakers rise after China vows to boost spending on autos as car sales fall for the first time in 27 years

Beijing’s move comes as sales in the world’s biggest auto market shrink for the first time in 27 years

9 Jan 2019 - 7:03PM

Beijing’s move comes as sales in the world’s biggest auto market shrink for the first time in 27 years

Carmakers rise after China vows to boost spending on autos as car sales fall for the first time in 27 years
Chinese carmaker Geely’s shares plunge 11.6pc after annual sales fall short of target, warns of dismal year ahead
Tesla to produce cheaper versions of Model 3 electric cars in Shanghai, taking the competition to would-be ‘Tesla killers’

Construction of Gigafactory 3 has started and will produce 500,000 cars annually when in full operation.

8 Jan 2019 - 6:39AM

Construction of Gigafactory 3 has started and will produce 500,000 cars annually when in full operation.

Tesla to produce cheaper versions of Model 3 electric cars in Shanghai, taking the competition to would-be ‘Tesla killers’
China’s P2P lending crisis worsens as second firm runs into trouble in a week

Hangzhou-based Xinhehui says it will not be able to repay investors a total of US$330 million

4 Jan 2019 - 11:04PM

Hangzhou-based Xinhehui says it will not be able to repay investors a total of US$330 million

China’s P2P lending crisis worsens as second firm runs into trouble in a week