Iris Ouyang

Hong Kong

Iris Ouyang

Reporter, Business

Iris Ouyang is a business reporter for the Post. She has reported in Washington D.C., Beijing, and Hong Kong in the past several years for both Chinese and international media organisations such as Caixin, Phoenix Finance, MNI, USA Today, MarketWatch and American Banker.

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Latest from Iris Ouyang

Burberry forecasts 35 per cent surge in annual profit as luxury fashion brands bounce back from pandemic

The London-based fashion house predicted a 35 per cent jump in profit for the current financial year, on the back of strong online sales.

The London-based fashion house predicted a 35 per cent jump in profit for the current financial year, on the back of strong online sales.

4 hours ago
Country Garden Services distances itself from former parent company amid rising liquidity concerns

Country Garden Services is pulling away from the liquidity woes surrounding its former parent Country Garden, saying it will not serve as a financing tool for China’s largest developer.

Country Garden Services is pulling away from the liquidity woes surrounding its former parent Country Garden, saying it will not serve as a financing tool for China’s largest developer.

18 Jan 2022 - 2:44PM
China’s home market shows sign of thawing as prices slowed their declines in December with easier loans and policy support

With additional funds and clearer policy support, local authorities took their feet off the brakes on property purchases, allowing buyers to re-enter the market to soak up the unsold homes that litter the country.

With additional funds and clearer policy support, local authorities took their feet off the brakes on property purchases, allowing buyers to re-enter the market to soak up the unsold homes that litter the country.

15 Jan 2022 - 1:33PM
Sunac shares plunge after China’s third largest developer plans to raise US$580 million from share placement

Sunac China Holdings slumped after it announced a HK$4.52 billion (US$580 million) share placement, as it tries to retain its ability to service debt and distance itself from the debt crisis surrounding China’s real estate sector.

Sunac China Holdings slumped after it announced a HK$4.52 billion (US$580 million) share placement, as it tries to retain its ability to service debt and distance itself from the debt crisis surrounding China’s real estate sector.

13 Jan 2022 - 4:53PM
Sunac, Shimao and Oceanwide roiled in the capital markets amid concerns about ongoing cash crunch among China’s leveraged developers

Rport of Sunac’s predicament unnerved investors who are already on edge with the looming debt among China’s highly leveraged developers.

Rport of Sunac’s predicament unnerved investors who are already on edge with the looming debt among China’s highly leveraged developers.

12 Jan 2022 - 8:51PM
M&A activity of Chinese property management firms poised to jump this year amid rush to raise much-needed cash

At the same time, the more financially healthy home builders are poised to tap capital markets to raise funds to buy some of the assets offloaded by their distressed peers.

At the same time, the more financially healthy home builders are poised to tap capital markets to raise funds to buy some of the assets offloaded by their distressed peers.

12 Jan 2022 - 11:30AM
Shimao Group’s Shanghai unit defaults on US$101m project loan in latest blow to China’s embattled property market

The start of 2022 has been turbulent for Chinese developers as mountains of debt come to maturity, adding to their financial woes.

The start of 2022 has been turbulent for Chinese developers as mountains of debt come to maturity, adding to their financial woes.

7 Jan 2022 - 4:05PM
China property debt crisis: R&F warns its asset sales may not meet bond repurchase deadline in a slumping real estate market

The warning from R&F indicates the difficulties in disposing of assets successfully for developers to increasing liquidity, which is key for them to avoid or reverse defaults in the offshore bond market.

The warning from R&F indicates the difficulties in disposing of assets successfully for developers to increasing liquidity, which is key for them to avoid or reverse defaults in the offshore bond market.

6 Jan 2022 - 5:00PM
Evergrande crisis: developer revises payment plan for wealth management investors as debt deadlines pile up

The beleaguered developer will pay 8,000 yuan (US$1,259) a month until February to each investor to reduce the exposure of its debt crisis to individuals.

The beleaguered developer will pay 8,000 yuan (US$1,259) a month until February to each investor to reduce the exposure of its debt crisis to individuals.

31 Dec 2021 - 8:28PM
China’s regulator cites investment bank CICC for negligence in arranging Lenovo’s US$1.8 billion IPO on Star Market

Regulators are redrawing the qualifications for listing on the Star Market, which was established in 2019 at the behest of the Chinese president to help the nation’s technology champions raise capital.

Regulators are redrawing the qualifications for listing on the Star Market, which was established in 2019 at the behest of the Chinese president to help the nation’s technology champions raise capital.

30 Dec 2021 - 8:46PM
Foreign capital inflows into China’s equity markets hit a record in 2021 with Kweichow Moutai and Contemporary Amperex among top stocks

Tougher regulation in some sectors has seen some investors switch into manufacturing and new economy stocks, but liquor maker Kweichow Moutai remains the top pick.

Tougher regulation in some sectors has seen some investors switch into manufacturing and new economy stocks, but liquor maker Kweichow Moutai remains the top pick.

30 Dec 2021 - 11:24AM
Evergrande Crisis: Centaline Property Agency plans further legal action against embattled developer’s Hong Kong subsidiary to recoup ‘unpaid commission’

Centaline Property Agency said it plans to apply through the courts to chase the HK$113 million (US$14.5 million) it claims it is owed by Evergrande’s Hong Kong unit.

Centaline Property Agency said it plans to apply through the courts to chase the HK$113 million (US$14.5 million) it claims it is owed by Evergrande’s Hong Kong unit.

29 Dec 2021 - 11:32PM
China dollar bond market: risks and opportunities ahead as property sector defaults continue in 2022

China’s dollar bond market is expected to continue seeing defaults – especially in the stressed property sector. Diversification of investment portfolios amid policy uncertainty could be a safer bet, analysts and industry veterans said.

China’s dollar bond market is expected to continue seeing defaults – especially in the stressed property sector. Diversification of investment portfolios amid policy uncertainty could be a safer bet, analysts and industry veterans said.

29 Dec 2021 - 10:39AM
China’s first home-grown Covid-19 medication expected as early as January, says Hong Kong-listed Brii Biosciences

The drug is going through an additional government review and is likely to be launched in the first quarter of 2022, Brii’s CEO and co-founder says.

The drug is going through an additional government review and is likely to be launched in the first quarter of 2022, Brii’s CEO and co-founder says.

28 Dec 2021 - 4:00PM
TikTok’s Zhang Yiming is China’s richest person under 40 with fortune of US$53.4 billion: Hurun

ByteDance’s Zhang Yiming is likely to become the next richest person in China, Hurun says.

ByteDance’s Zhang Yiming is likely to become the next richest person in China, Hurun says.

25 Dec 2021 - 12:30PM
Chinese financial regulators instruct banks to step up bond issuances and loans to boost M&A activity in property sector

The move is being viewed as Beijing marginally loosening its tight grip on China’s 16.2 trillion yuan (US$2.5 trillion) property industry, after a slew of defaults by developers such as Modern Land and liquidity crunches at China Evergrande Group and Kaisa.

The move is being viewed as Beijing marginally loosening its tight grip on China’s 16.2 trillion yuan (US$2.5 trillion) property industry, after a slew of defaults by developers such as Modern Land and liquidity crunches at China Evergrande Group and Kaisa.

20 Dec 2021 - 8:00PM
Tencent, SoftBank-backed online property agency Beike refutes Muddy Waters’ ‘significant’ fraud claim

“Similar to Luckin Coffee, this is a real business with significant amounts of fraud,” Muddy Waters said in a report on Thursday.

“Similar to Luckin Coffee, this is a real business with significant amounts of fraud,” Muddy Waters said in a report on Thursday.

17 Dec 2021 - 12:22PM
Troubles mount for Shimao Group as Shanghai exchange asks Chinese developer to explain US$259 million related party deal

The US$259 million sale of a property management business by Shanghai Shimao, a unit of Shimao Group, has caught the attention of the Shanghai Stock Exchange. It also plans to cancel the transaction of 93 flats in Shanghai.

The US$259 million sale of a property management business by Shanghai Shimao, a unit of Shimao Group, has caught the attention of the Shanghai Stock Exchange. It also plans to cancel the transaction of 93 flats in Shanghai.

15 Dec 2021 - 7:48PM
BeiGene’s Shanghai stock debut flops as excessive premium, running losses keep investors at bay

BeiGene’s shares close 16.4 per cent lower after plunging as much as 19 per cent in intraday trading in Shanghai. Concerns about US delisting and steep declines in its Hong Kong and Nasdaq-listed securities clouded its debut.

BeiGene’s shares close 16.4 per cent lower after plunging as much as 19 per cent in intraday trading in Shanghai. Concerns about US delisting and steep declines in its Hong Kong and Nasdaq-listed securities clouded its debut.

15 Dec 2021 - 5:05PM
Pinduoduo, NIO are among 27 US-traded stocks eligible to list in Hong Kong, Goldman says

Pinduoduo and NIO are among US-listed Chinese companies that could apply for secondary listings in Hong Kong, says Goldman Sachs.

Pinduoduo and NIO are among US-listed Chinese companies that could apply for secondary listings in Hong Kong, says Goldman Sachs.

7 Dec 2021 - 5:12PM
Didi’s exit from New York tests Hong Kong’s mettle as the listing sanctuary for Chinese stocks

A Hong Kong listing by Didi Chuxing will test bourse operator Hong Kong Exchanges and Clearing’s readiness to consider Chinese firms facing regulatory action in mainland China.

A Hong Kong listing by Didi Chuxing will test bourse operator Hong Kong Exchanges and Clearing’s readiness to consider Chinese firms facing regulatory action in mainland China.

4 Dec 2021 - 12:48PM
China Tourism Duty Free postpones Hong Kong listing amid sluggish capital market conditions

Suspension of the IPO by the world’s largest travel retailer deals a body blow to Hong Kong bourse amid sluggish market conditions.

Suspension of the IPO by the world’s largest travel retailer deals a body blow to Hong Kong bourse amid sluggish market conditions.

3 Dec 2021 - 7:45PM
Weibo set to raise US$193 million from Hong Kong offer, much lower than the US$547 million it had hoped for

The popular microblogging platform priced its Hong Kong shares at HK$272.80, joining a number of mainland Chinese companies rushing to list closer to home.

The popular microblogging platform priced its Hong Kong shares at HK$272.80, joining a number of mainland Chinese companies rushing to list closer to home.

3 Dec 2021 - 1:24PM
Hong Kong eyes bigger role, market as it helps Hainan with free-trade port development

Hong Kong needs to expand its manufacturing and services capacity and market by enhancing cooperation with Hainan, says former city leader CY Leung.

Hong Kong needs to expand its manufacturing and services capacity and market by enhancing cooperation with Hainan, says former city leader CY Leung.

3 Dec 2021 - 9:12AM
Global luxury giants LVMH, Hermes eye expansion on China’s Hainan Island in blow to shopping hotspot Hong Kong

In a blow for Hong Kong, global luxury goods companies such as LVMH, Hermes and Richemont are exploring opportunities in China’s Hainan province, as they eye expansion in the world’s second largest luxury market.

In a blow for Hong Kong, global luxury goods companies such as LVMH, Hermes and Richemont are exploring opportunities in China’s Hainan province, as they eye expansion in the world’s second largest luxury market.

1 Dec 2021 - 9:36AM
SenseTime gets green light from Hong Kong exchange to proceed with US$2 billion IPO, sources say

A launch of the deal before year-end would put SenseTime in potential competition with another mega-sized issuer, China Tourism Group Duty Free, for investors’ capital.

A launch of the deal before year-end would put SenseTime in potential competition with another mega-sized issuer, China Tourism Group Duty Free, for investors’ capital.

19 Nov 2021 - 9:51PM
Haidilao gains US$696 million in market value as Chinese hotpot chain shuts one-fifth of restaurants to halt losses, stock rout

Hotpot chain gained US$696 million in stock market value, after unveiling a plan to close one-fifth of its restaurants to reduce losses.

Hotpot chain gained US$696 million in stock market value, after unveiling a plan to close one-fifth of its restaurants to reduce losses.

8 Nov 2021 - 10:59PM
No respite for Futu, Tiger Brokers as Chinese state media reiterate online services amount to ‘illegal financial activities’

Chinese state media continue to hammer online brokers backed by tech juggernauts, with the stinging criticism putting further pressure on their stock prices.

Chinese state media continue to hammer online brokers backed by tech juggernauts, with the stinging criticism putting further pressure on their stock prices.

8 Nov 2021 - 10:59PM
Hong Kong buyers bet on housing market to pick up as investor pays HK$100 million for whole floor at Centralcon’s The Arles project

While news about the border reopening is boosting demand, home buyers refrained from snapping up more expensive units on offer at Centralcon’s The Arles project on Sunday.

While news about the border reopening is boosting demand, home buyers refrained from snapping up more expensive units on offer at Centralcon’s The Arles project on Sunday.

7 Nov 2021 - 10:37PM
Nasdaq-listed ChromaDex, backed by Li Ka-shing, eyes China’s health care market with its flagship Tru Niagen anti-ageing supplement

Nasdaq-listed ChromaDex eyes lucrative mainland China market for supplements in an ageing society as the pandemic raises awareness on healthy living.

Nasdaq-listed ChromaDex eyes lucrative mainland China market for supplements in an ageing society as the pandemic raises awareness on healthy living.

7 Nov 2021 - 9:55PM