Xie Yu

Xie Yu joined the Post in 2015. She is the chief China finance reporter, covering the economy and development of financial markets.
Xie Yu
Xie Yu joined the Post in 2015. She is the chief China finance reporter, covering the economy and development of financial markets.

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

10 Oct 2019 - 10:49PM

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
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

7 Oct 2019 - 8:48PM

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
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

4 Oct 2019 - 5:27PM

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
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.

4 Oct 2019 - 4:42PM

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
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.

3 Oct 2019 - 5:45PM

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
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.

3 Oct 2019 - 4:46PM

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
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.

2 Oct 2019 - 6:03PM

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
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

2 Oct 2019 - 4:47PM

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
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.

30 Sep 2019 - 5:38PM

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
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”.

30 Sep 2019 - 4:54PM

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
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.

25 Sep 2019 - 5:25PM

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
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.  

25 Sep 2019 - 4:28PM

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
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.

25 Sep 2019 - 8:30AM

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
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.

23 Sep 2019 - 10:52AM

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
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.

21 Sep 2019 - 1:45PM

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
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.

21 Sep 2019 - 11:56AM

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
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.

20 Sep 2019 - 4:30AM

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
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.

18 Sep 2019 - 10:57PM

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
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.

13 Sep 2019 - 10:40AM

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
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.

11 Sep 2019 - 9:44PM

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
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.

10 Sep 2019 - 11:03PM

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
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

9 Sep 2019 - 10:50PM

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
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.

5 Sep 2019 - 6:14PM

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’
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

5 Sep 2019 - 6:20PM

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
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.

4 Sep 2019 - 5:14PM

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
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

4 Sep 2019 - 5:31PM

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
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.

3 Sep 2019 - 5:21PM

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
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

3 Sep 2019 - 5:40PM

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
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.

2 Sep 2019 - 6:04PM

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
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.

3 Sep 2019 - 10:21AM

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