Xie Yu

Hong Kong

Xie Yu

Chief China Finance Reporter, Business

Xie Yu worked at the Post from 2015 until 2019. She was the chief China finance reporter, covering the economy and development of financial markets.

Show more

Latest from Xie Yu

Fashion giant Shandong Ruyi, dubbed ‘China’s LVMH’, downgraded by Moody’s after spending spree leaves it hard-pressed to repay debts

The credit ratings agency downgraded Ruyi to B3 from B2, and put it under review for further downgrade as it faces a slew of maturing debt amid tight liquidity

The credit ratings agency downgraded Ruyi to B3 from B2, and put it under review for further downgrade as it faces a slew of maturing debt amid tight liquidity

Fashion giant Shandong Ruyi, dubbed ‘China’s LVMH’, downgraded by Moody’s after spending spree leaves it hard-pressed to repay debts
10 Oct 2019 - 10:49PM
Tycoon Zhang Zhenxin, owner of troubled Chinese financial conglomerate UCF Group, dies aged 48 as company struggles with mountain of debt

Zhang Zhenxin, head of sprawling UCF Group, died last month in hospital in London of multiple organ failure and alcohol dependence, his company said

Zhang Zhenxin, head of sprawling UCF Group, died last month in hospital in London of multiple organ failure and alcohol dependence, his company said

Tycoon Zhang Zhenxin, owner of troubled Chinese financial conglomerate UCF Group, dies aged 48 as company struggles with mountain of debt
7 Oct 2019 - 8:48PM
Utilities, property heavyweights drag Hang Seng Index to one-month low

Markets recover slightly after Hong Kong leader says city not in state of emergency

Markets recover slightly after Hong Kong leader says city not in state of emergency

Utilities, property heavyweights drag Hang Seng Index to one-month low
4 Oct 2019 - 5:27PM
Stocks Blog: Coming weekend critical to markets, analysts says as Hang Seng hits one-month low

The Hang Seng Index hit a one-month low at the close on Friday, ending the day at 25,821. Utilities, local property developers and financial services providers proved to be the biggest drag on the benchmark.

The Hang Seng Index hit a one-month low at the close on Friday, ending the day at 25,821. Utilities, local property developers and financial services providers proved to be the biggest drag on the benchmark.

Stocks Blog: Coming weekend critical to markets, analysts says as Hang Seng hits one-month low
4 Oct 2019 - 4:42PM
Hang Seng Index, trains operator MTR boosted by proposed ban on face masks

The Hang Seng Index closes 0.3 per cent higher at 26,220.3 on Thursday, boosted by a Hong Kong government plan to ban face masks at public gatherings.

The Hang Seng Index closes 0.3 per cent higher at 26,220.3 on Thursday, boosted by a Hong Kong government plan to ban face masks at public gatherings.

Hang Seng Index, trains operator MTR boosted by proposed ban on face masks
3 Oct 2019 - 5:45PM
Stocks Blog: Hang Seng Index closes higher amid face mask ban talk

Rebounding MTR shares, mainland Chinese health care and consumer stocks, as well as the Macau casinos lifted the Hang Seng Index into positive territory at the close on Thursday. The benchmark closed 0.3 per cent higher at 26,220.3.

Rebounding MTR shares, mainland Chinese health care and consumer stocks, as well as the Macau casinos lifted the Hang Seng Index into positive territory at the close on Thursday. The benchmark closed 0.3 per cent higher at 26,220.3.

Stocks Blog: Hang Seng Index closes higher amid face mask ban talk
3 Oct 2019 - 4:46PM
Hong Kong protests, weak US factory data weigh on city’s stock market

The Hong Kong protests as well as disappointing US manufacturing data weighed on the city’s stock market, which was closed on Tuesday for the National Day holiday.

The Hong Kong protests as well as disappointing US manufacturing data weighed on the city’s stock market, which was closed on Tuesday for the National Day holiday.

Hong Kong protests, weak US factory data weigh on city’s stock market
2 Oct 2019 - 6:03PM
Stocks Blog: Weighed down by Tencent, MTR, Hang Seng closes 0.2 per cent lower after lacklustre day of trading

Retailers, financial services providers and utilities were among the biggest losers, while Macau casinos and mainland Chinese telecom services providers were among the biggest gainers. Hong Kong property developers, meanwhile, managed to close above water

Retailers, financial services providers and utilities were among the biggest losers, while Macau casinos and mainland Chinese telecom services providers were among the biggest gainers. Hong Kong property developers, meanwhile, managed to close above water

Stocks Blog: Weighed down by Tencent, MTR, Hang Seng closes 0.2 per cent lower after lacklustre day of trading
2 Oct 2019 - 4:47PM
Hong Kong market closes higher, as US-China trade war fears weigh on mainland Chinese stocks

The Hong Kong market closed higher on Monday, boosted by heavyweights in telecom and energy, while fears about the US delisting Chinese companies weighed on sentiment in mainland China, where the Shanghai Composite fell to a monthly low, wiping out all its September gains.

The Hong Kong market closed higher on Monday, boosted by heavyweights in telecom and energy, while fears about the US delisting Chinese companies weighed on sentiment in mainland China, where the Shanghai Composite fell to a monthly low, wiping out all its September gains.

Hong Kong market closes higher, as US-China trade war fears weigh on mainland Chinese stocks
30 Sep 2019 - 5:38PM
Stocks Blog: Hang Seng edges up, most debuting Hong Kong, mainland China stocks rise

Budweiser Brewing Company APAC rises more than 4 per cent on its trading debut. The company’s CEO, Jan Craps, said Budweiser was very optimistic about the bright future of Hong Kong “as one of the most important financial centres in Asia”.

Budweiser Brewing Company APAC rises more than 4 per cent on its trading debut. The company’s CEO, Jan Craps, said Budweiser was very optimistic about the bright future of Hong Kong “as one of the most important financial centres in Asia”.

Stocks Blog: Hang Seng edges up, most debuting Hong Kong, mainland China stocks rise
30 Sep 2019 - 4:54PM
Xiaomi, Tencent hit as Hong Kong stocks, weighed down by Trump impeachment inquiry, fall to biggest daily decline in a month

Risk-off sentiment prevailed in the Hong Kong and mainland China stock markets on Wednesday, following news overnight of an impeachment inquiry against US President Donald Trump, leading to the Hang Seng’s biggest daily decline in a month.

Risk-off sentiment prevailed in the Hong Kong and mainland China stock markets on Wednesday, following news overnight of an impeachment inquiry against US President Donald Trump, leading to the Hang Seng’s biggest daily decline in a month.

Xiaomi, Tencent hit as Hong Kong stocks, weighed down by Trump impeachment inquiry, fall to biggest daily decline in a month
25 Oct 2020 - 5:17PM
Stocks Blog: Hang Seng hits one-month low, mainland indices close lower

The Hang Seng Index closed 1.28 per cent lower at 25,945.35, while telecoms, electronics and equipment makers led declines on mainland Chinese indices.  

The Hang Seng Index closed 1.28 per cent lower at 25,945.35, while telecoms, electronics and equipment makers led declines on mainland Chinese indices.  

Stocks Blog: Hang Seng hits one-month low, mainland indices close lower
25 Sep 2019 - 4:28PM
China assigns officials to 100 companies in nation’s cradle of private enterprises in charm offensive to bolster confidence

The move was the result of a January dialogue in Beijing between Premier Li Keqiang and representatives of the country’s private enterprises, who gave their feedback on what ailed China’s economy.

The move was the result of a January dialogue in Beijing between Premier Li Keqiang and representatives of the country’s private enterprises, who gave their feedback on what ailed China’s economy.

China assigns officials to 100 companies in nation’s cradle of private enterprises in charm offensive to bolster confidence
25 Sep 2019 - 8:30AM
Protests force Hong Kong’s small stock brokers out of business, with little chance of rescue by Chinese buyers

Struggling brokers are finding they can no longer rely on their traditional rescuers – mainland Chinese buyers willing to pay a healthy premium to get a foothold in the local market.

Struggling brokers are finding they can no longer rely on their traditional rescuers – mainland Chinese buyers willing to pay a healthy premium to get a foothold in the local market.

Protests force Hong Kong’s small stock brokers out of business, with little chance of rescue by Chinese buyers
23 Sep 2019 - 10:52AM
China’s financial market reform opens up opportunities for Hong Kong, strengthens gateway role

Hong Kong’s unique location, regulatory framework and openness make it irreplaceable for foreign investors looking to tap the Chinese onshore market, analysts say.

Hong Kong’s unique location, regulatory framework and openness make it irreplaceable for foreign investors looking to tap the Chinese onshore market, analysts say.

China’s financial market reform opens up opportunities for Hong Kong, strengthens gateway role
21 Sep 2019 - 1:45PM
China’s scrapping of QFII and RQFII caps on foreign investment will have a very limited effect, say analysts

Beijing’s recent decision to remove quotas on the QFII and RQFII schemes carries only symbolic significance as the programmes are quickly becoming obsolete, say analysts.

Beijing’s recent decision to remove quotas on the QFII and RQFII schemes carries only symbolic significance as the programmes are quickly becoming obsolete, say analysts.

China’s scrapping of QFII and RQFII caps on foreign investment will have a very limited effect, say analysts
21 Sep 2019 - 11:56AM
Mystery Hong Kong buyer completes US$13.4 million Corinthia Hotel London penthouse deal in just 72 hours

The multimillionaire buyer and his wife visit London and the Corinthia Hotel is their favourite hotel in the city, according to their agent Aston Chase.

The multimillionaire buyer and his wife visit London and the Corinthia Hotel is their favourite hotel in the city, according to their agent Aston Chase.

Mystery Hong Kong buyer completes US$13.4 million Corinthia Hotel London penthouse deal in just 72 hours
20 Sep 2019 - 4:30AM
CLSA renews office lease with Swire Group, defying parent’s reported order to cut ties with company that drew China’s ire

Brokerage CLSA has renewed its office lease at Hong Kong conglomerate Swire Properties’ flagship property. The Financial Times reported on Wednesday the firm had been under pressure to quit the premises by its mainland Chinese state-owned parent, Citic Securities.

Brokerage CLSA has renewed its office lease at Hong Kong conglomerate Swire Properties’ flagship property. The Financial Times reported on Wednesday the firm had been under pressure to quit the premises by its mainland Chinese state-owned parent, Citic Securities.

CLSA renews office lease with Swire Group, defying parent’s reported order to cut ties with company that drew China’s ire
18 Sep 2019 - 10:57PM
Defaults among lower tier government-backed bond issuers in China could rise as US$560 billion matures in next two years

Risk profile of bond issuers varies as it depends on the strength of the government backing the note.

Risk profile of bond issuers varies as it depends on the strength of the government backing the note.

Defaults among lower tier government-backed bond issuers in China could rise as US$560 billion matures in next two years
13 Sep 2019 - 10:40AM
Repeat of 2015 China stock market turmoil will shatter global investors’ confidence, says FTSE’s Jessie Pak

Massive trading suspension cannot happen again as global investors have a higher exposure to A shares, says Jessie Pak, managing director for Asia at FTSE Russell.

Massive trading suspension cannot happen again as global investors have a higher exposure to A shares, says Jessie Pak, managing director for Asia at FTSE Russell.

Repeat of 2015 China stock market turmoil will shatter global investors’ confidence, says FTSE’s Jessie Pak
11 Sep 2019 - 9:44PM
China to become more selective in supporting distressed banks, say Moody’s and Fitch

State support for the Chinese banks will vary as the authorities try to share some of the losses with large creditors, say analysts at Moody’s and Fitch.

State support for the Chinese banks will vary as the authorities try to share some of the losses with large creditors, say analysts at Moody’s and Fitch.

China to become more selective in supporting distressed banks, say Moody’s and Fitch
10 Sep 2019 - 11:03PM
Wealthy Chinese apply to move to the UK at the highest rate since 2014 as the trade war puts them off the US

Trade war escalation and a weak pound are driving a spike in applications to emigrate to the UK from mainland China, say analysts

Trade war escalation and a weak pound are driving a spike in applications to emigrate to the UK from mainland China, say analysts

Wealthy Chinese apply to move to the UK at the highest rate since 2014 as the trade war puts them off the US
9 Sep 2019 - 10:50PM
In drama-packed day in Hong Kong stock market, big gainers in Wednesday’s ‘olive branch’ surge fall while derivatives trading is suspended over ‘connectivity’

The olive branch extended by city leader Carrie Lam fell far short of protesters’ demands. Violence broke out again at an MTR subway station, weighing on investor sentiment.

The olive branch extended by city leader Carrie Lam fell far short of protesters’ demands. Violence broke out again at an MTR subway station, weighing on investor sentiment.

In drama-packed day in Hong Kong stock market, big gainers in Wednesday’s ‘olive branch’ surge fall while derivatives trading is suspended over ‘connectivity’
25 Oct 2020 - 5:05PM
Stocks Blog: Hong Kong's big gainers on 'olive branch' Wednesday slide; US, China to talk trade in October

MTR, Cathay Pacific, retailers and property companies that posted big gains on Wednesday fell today

MTR, Cathay Pacific, retailers and property companies that posted big gains on Wednesday fell today

Stocks Blog: Hong Kong's big gainers on 'olive branch' Wednesday slide; US, China to talk trade in October
5 Sep 2019 - 6:20PM
Hong Kong’s Hang Seng surges on SCMP report city leader Carrie Lam plans to formally withdraw extradition bill

Luxury retailers, property heavyweights and MTR were among big winners, after seeing their shares hammered as the protests that started June 9 steered away shoppers and mainland tourists.

Luxury retailers, property heavyweights and MTR were among big winners, after seeing their shares hammered as the protests that started June 9 steered away shoppers and mainland tourists.

Hong Kong’s Hang Seng surges on SCMP report city leader Carrie Lam plans to formally withdraw extradition bill
4 Sep 2019 - 5:14PM
Stocks Blog: Hang Seng posts biggest gain in 10 months on news Hong Kong leader Carrie Lam to withdraw extradition bill

MTR, property companies and luxury retailers among day's huge winners

MTR, property companies and luxury retailers among day's huge winners

Stocks Blog: Hang Seng posts biggest gain in 10 months on news Hong Kong leader Carrie Lam to withdraw extradition bill
4 Sep 2019 - 5:31PM
Hong Kong’s Hang Seng extends losing streak to second day amid uncertainty over trade war, end to protests

The Hang Seng Index may break through 25,000 or even 24,000 in coming months, said Kenny Wen, wealth management strategist at Everbright Sun Hung Kai. It would enter a bear market if it drops to 24,125.992.

The Hang Seng Index may break through 25,000 or even 24,000 in coming months, said Kenny Wen, wealth management strategist at Everbright Sun Hung Kai. It would enter a bear market if it drops to 24,125.992.

Hong Kong’s Hang Seng extends losing streak to second day amid uncertainty over trade war, end to protests
3 Sep 2019 - 5:21PM
Stocks Blog: MTR gains while Cathay slips, as Hong Kong market continues to be punched by protests

Protests could be 'catastrophic' for Hong Kong's economy, says chief of China Travel

Protests could be 'catastrophic' for Hong Kong's economy, says chief of China Travel

Stocks Blog:  MTR gains while Cathay slips, as Hong Kong market continues to be punched by protests
3 Sep 2019 - 5:40PM
China shares climb on improved trade sentiment, while Hong Kong stocks weighed down by protests

MTR – the owner and operator of the city’s subway system – fell 3.1 per cent, after vandalism by protesters forced it to shut down the Tung Chung line on Sunday. Shares are down 21 per cent since July 18.

MTR – the owner and operator of the city’s subway system – fell 3.1 per cent, after vandalism by protesters forced it to shut down the Tung Chung line on Sunday. Shares are down 21 per cent since July 18.

China shares climb on improved trade sentiment, while Hong Kong stocks weighed down by protests
25 Oct 2020 - 5:20PM
Stocks Blog: MTR shares tumble after weekend vandalism by protesters; China stocks rise on improved trade sentiment

MTR shares have fallen about 21 per cent in six weeks, as violence has grown.

MTR shares have fallen about 21 per cent in six weeks, as violence has grown.

Stocks Blog: MTR shares tumble after weekend vandalism by protesters; China stocks rise on improved trade sentiment
3 Sep 2019 - 10:21AM