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

Tianjin bankers threatened with sack if they don’t back local government’s stability measures

Bankers in Tianjin, a former economic hub, will be terminated if they don’t qualify on political grounds, according to local party secretary Li Hongzhong.

24 May 2019 - 8:30AM

Bankers in Tianjin, a former economic hub, will be terminated if they don’t qualify on political grounds, according to local party secretary Li Hongzhong.

Tianjin bankers threatened with sack if they don’t back local government’s stability measures
Extended trade war will strangle growth at China’s busiest ports, Moody’s says

Rating agency highlighted negative impact on credit profile of China Merchants Port Holdings, Hutchison Port Holdings and Shanghai International Port.

23 May 2019 - 2:22AM

Rating agency highlighted negative impact on credit profile of China Merchants Port Holdings, Hutchison Port Holdings and Shanghai International Port.

Extended trade war will strangle growth at China’s busiest ports, Moody’s says
China’s former securities regulator Liu Shiyu is probed over family members’ alleged insider trading and favouring hometown IPOs, sources say

Investigators are looking into family members of Liu Shiyu who allegedly bought bonds at below market prices. Also, his hometown banks allegedly got speedy IPOs, drawing scrutiny.

20 May 2019 - 11:28PM

Investigators are looking into family members of Liu Shiyu who allegedly bought bonds at below market prices. Also, his hometown banks allegedly got speedy IPOs, drawing scrutiny.

China’s former securities regulator Liu Shiyu is probed over family members’ alleged insider trading and favouring hometown IPOs, sources say
Funeral firm Fu Shou Yuan takes up Xi’s call for ‘shared future of mankind’, wants to service Belt and Road countries too

One of the latest companies to answer Chinese President Xi Jinping’s call to build a “shared future for mankind” is Fu Shou Yuan, the country’s biggest funeral services provider.

19 May 2019 - 6:58PM

One of the latest companies to answer Chinese President Xi Jinping’s call to build a “shared future for mankind” is Fu Shou Yuan, the country’s biggest funeral services provider.

Funeral firm Fu Shou Yuan takes up Xi’s call for ‘shared future of mankind’, wants to service Belt and Road countries too
Brutal interventions in Sanpower’s debt workout show why China’s deleveraging campaign has long ways to go

In the first of a series, the Post looks at the debt-fuelled shopping spree by Nanjing’s Sanpower Group, which underscores the challenge faced by banks as they struggle to untangle the debt owed by corporate borrowers, city governments and state enterprises in the nation’s ‘deleveraging campaign’.

18 May 2019 - 6:41PM

In the first of a series, the Post looks at the debt-fuelled shopping spree by Nanjing’s Sanpower Group, which underscores the challenge faced by banks as they struggle to untangle the debt owed by corporate borrowers, city governments and state enterprises in the nation’s ‘deleveraging campaign’.

Brutal interventions in Sanpower’s debt workout show why China’s deleveraging campaign has long ways to go
Chinese MSCI constituent firm Kangmei Pharmaceutical faces 600,000 yuan fine for misstating cash position by 29.9bn yuan

Listed Chinese company and MSCI global index constituent Kangmei Pharmaceutical is facing a 600,000 yuan fine for falsifying its cash position by as much as 29.9 billion yuan, top watchdog CSRC said on Friday.

17 May 2019 - 10:39PM

Listed Chinese company and MSCI global index constituent Kangmei Pharmaceutical is facing a 600,000 yuan fine for falsifying its cash position by as much as 29.9 billion yuan, top watchdog CSRC said on Friday.

Chinese MSCI constituent firm Kangmei Pharmaceutical faces 600,000 yuan fine for misstating cash position by 29.9bn yuan
French builder Eiffage in talks to buy Toulouse-Blagnac airport, creating a bookend for Chinese owner’s tumultuous investment

The exclusive talks, first reported by French media and Reuters, could be a bookend to a tumultuous five years of ownership by Casil in the fifth-largest airfield in France

15 May 2019 - 9:36PM

The exclusive talks, first reported by French media and Reuters, could be a bookend to a tumultuous five years of ownership by Casil in the fifth-largest airfield in France

French builder Eiffage in talks to buy Toulouse-Blagnac airport, creating a bookend for Chinese owner’s tumultuous investment
Police arrest Kangde Xin’s major shareholder in a show of force to support regulator’s crackdown on corporate malfeasance

Police arrested Zhong Yu, the major shareholder and former chairman of Kangde Xin, after its auditor refused to sign off on the listed company’s cash position

13 May 2019 - 11:24PM

Police arrested Zhong Yu, the major shareholder and former chairman of Kangde Xin, after its auditor refused to sign off on the listed company’s cash position

Police arrest Kangde Xin’s major shareholder in a show of force to support regulator’s crackdown on corporate malfeasance
World’s most valuable distiller is under regulatory spotlight in China after a backlash against Moutai’s plan to streamline liquor sales wiped out US$21 billion

Moutai’s new chairman Li Baofang is unravelling many of his predecessor’s policies, including the creation of a unit to sell its namesake liquor to customers. The move caused a backlash, causing the Shanghai exchange to send a midnight inquiry

9 May 2019 - 1:53PM

Moutai’s new chairman Li Baofang is unravelling many of his predecessor’s policies, including the creation of a unit to sell its namesake liquor to customers. The move caused a backlash, causing the Shanghai exchange to send a midnight inquiry

World’s most valuable distiller is under regulatory spotlight in China after a backlash against Moutai’s plan to streamline liquor sales wiped out US$21 billion
Chinese banks quietly lower daily limit on foreign-currency cash withdrawals

Lenders have reduced the ‘scrutiny benchmark’ for US dollar withdrawals to US$3,000 from US$5,000 on the instructions of the central bank

4 May 2019 - 4:30AM

Lenders have reduced the ‘scrutiny benchmark’ for US dollar withdrawals to US$3,000 from US$5,000 on the instructions of the central bank

Chinese banks quietly lower daily limit on foreign-currency cash withdrawals
New president of Chinese Securities Association in Hong Kong urges MPF rules review

Lin Yong, also CEO of Haitong International, suggests the city’s compulsory retirement plan should be allowed to invest in Chinese A shares

3 May 2019 - 7:00AM

Lin Yong, also CEO of Haitong International, suggests the city’s compulsory retirement plan should be allowed to invest in Chinese A shares

New president of Chinese Securities Association in Hong Kong urges MPF rules review
China’s biggest online health care platform fires back at short-seller report that labelled the firm ‘Ponzi scheme’

Ping An Good Doctor tumbled 1.3 per cent in Hong Kong, adding to a 5.2 per cent decline on prior trading day

2 May 2019 - 10:27PM

Ping An Good Doctor tumbled 1.3 per cent in Hong Kong, adding to a 5.2 per cent decline on prior trading day

China’s biggest online health care platform fires back at short-seller report that labelled the firm ‘Ponzi scheme’
What kind of stimulus do China’s half-idle car assemblies need to restart stalled sales in the world’s largest vehicle market?

Sales growth in China’s automotive industry, operating at 43 per cent of installed capacity, has slowed for nine consecutive months

20 Apr 2019 - 8:00AM

Sales growth in China’s automotive industry, operating at 43 per cent of installed capacity, has slowed for nine consecutive months

What kind of stimulus do China’s half-idle car assemblies need to restart stalled sales in the world’s largest vehicle market?
Chinese electric vehicle maker Xpeng unveils P7 four-door coupe at Auto Shanghai 2019, months after SUV roll out

Chinese electric vehicle maker Xpeng unveiled the P7 four-door coupe, its second mass-market model in four months, on Tuesday. It will start deliveries from the second quarter of 2020 and will announce a price later.

16 Apr 2019 - 10:35PM

Chinese electric vehicle maker Xpeng unveiled the P7 four-door coupe, its second mass-market model in four months, on Tuesday. It will start deliveries from the second quarter of 2020 and will announce a price later.

Chinese electric vehicle maker Xpeng unveils P7 four-door coupe at Auto Shanghai 2019, months after SUV roll out
Murder and mafia hog headlines in a stock market hobbled by misconduct

Increasing instances of criminal activity by controlling shareholders of listed mainland Chinese companies highlight the unexpected risks linked with the world’s second-largest stock market, as it opens up further to foreign investors.

12 Apr 2019 - 7:36PM

Increasing instances of criminal activity by controlling shareholders of listed mainland Chinese companies highlight the unexpected risks linked with the world’s second-largest stock market, as it opens up further to foreign investors.

Murder and mafia hog headlines in a stock market hobbled by misconduct
Soldier-turned-entrepreneur Zhang Wei arrested by Shenzhen police, who call his China Create Capital a ‘mafia-like gang’

China Create Capital, set up in 2004, owns stakes in at least 10 Hong Kong-traded companies, valued at a combined HK$346.8 million.

12 Apr 2019 - 9:18AM

China Create Capital, set up in 2004, owns stakes in at least 10 Hong Kong-traded companies, valued at a combined HK$346.8 million.

Soldier-turned-entrepreneur Zhang Wei arrested by Shenzhen police, who call his China Create Capital a ‘mafia-like gang’
China clears entrepreneur Gu Chujun of two charges amid campaign to reassure private sector

Gu Chujun, a champion of private entrepreneurship during the early days of China’s membership of the World Trade Organisation, was cleared of two criminal charges by the Supreme People’s Court in Shenzhen on Wednesday.

10 Apr 2019 - 10:07PM

Gu Chujun, a champion of private entrepreneurship during the early days of China’s membership of the World Trade Organisation, was cleared of two criminal charges by the Supreme People’s Court in Shenzhen on Wednesday.

China clears entrepreneur Gu Chujun of two charges amid campaign to reassure private sector
Chinese capital chases smarter returns on their Hollywood investments as the mere appeal of glitz and glamour fades away

Chinese companies are making project based investment in Hollywood, unlike previous years when companies like Dalian Wanda spent billions on US companies theatre chain AMC and film studio Legendary Entertainment.

8 Apr 2019 - 11:13PM

Chinese companies are making project based investment in Hollywood, unlike previous years when companies like Dalian Wanda spent billions on US companies theatre chain AMC and film studio Legendary Entertainment.

Chinese capital chases smarter returns on their Hollywood investments as the mere appeal of glitz and glamour fades away
Chinese take a shine to Europe’s investor immigrant schemes, as waiting list for US programme stretches to 10 years

Concerns over long waiting lists, policy uncertainty, and lack of welcome prompt search for alternative emigration destinations.

5 Apr 2019 - 4:42PM

Concerns over long waiting lists, policy uncertainty, and lack of welcome prompt search for alternative emigration destinations.

Chinese take a shine to Europe’s investor immigrant schemes, as waiting list for US programme stretches to 10 years
That curious Chinese regulation about IPO sponsors also owning stakes? It’s ‘temporary,’ says nation’s biggest investment bank

China’s largest investment bank said a rule that requires IPO sponsors on Shanghai’s new tech board to also own stakes in the companies raising funds would be “temporary,” and that it can balance the interests between its two major shareholders Tencent and Alibaba

1 Apr 2019 - 10:53PM

China’s largest investment bank said a rule that requires IPO sponsors on Shanghai’s new tech board to also own stakes in the companies raising funds would be “temporary,” and that it can balance the interests between its two major shareholders Tencent and Alibaba

That curious Chinese regulation about IPO sponsors also owning stakes? It’s ‘temporary,’ says nation’s biggest investment bank
US-China trade war inactivity could lead to the ‘worst recession in recent Chinese history’, says scholar

Political economy professor Minxin Pei says Beijing lacks the will to make radical political changes to deal with the trade war with the United States.

2 Apr 2019 - 12:07PM

Political economy professor Minxin Pei says Beijing lacks the will to make radical political changes to deal with the trade war with the United States.

US-China trade war inactivity could lead to the ‘worst recession in recent Chinese history’, says scholar
HK Express deal exposes Chinese conglomerate HNA Group’s key assets as debt repayment pressure mounts

As the distressed company faces debt repayment of US$2.8 billion this year, it is now left with the difficult and sensitive choice of selling its blue chip assets.

28 Mar 2019 - 10:59PM

As the distressed company faces debt repayment of US$2.8 billion this year, it is now left with the difficult and sensitive choice of selling its blue chip assets.

HK Express deal exposes Chinese conglomerate HNA Group’s key assets as debt repayment pressure mounts
Chinese contractors in talks to build two highways in Moldova, extending China’s infrastructure order book in eastern Europe

The two highways, totalling 300km in length, will cost US$400 million to build, and financing may take two options: wholly funded by China, or split between China and Moldova 85:15

9 Apr 2019 - 10:01AM

The two highways, totalling 300km in length, will cost US$400 million to build, and financing may take two options: wholly funded by China, or split between China and Moldova 85:15

Chinese contractors in talks to build two highways in Moldova, extending China’s infrastructure order book in eastern Europe
China played the long game to see who ‘blinks first’ when US trade war spiralled out of control in 2018, central bank’s ex-adviser says

The US and China need a monitoring mechanism and a protocol for regular dialogue, said Tsinghua University’s economics professor David Li Daokui, who is also a former member of the Chinese central bank’s monetary committee.

26 Mar 2019 - 11:28AM

The US and China need a monitoring mechanism and a protocol for regular dialogue, said Tsinghua University’s economics professor David Li Daokui, who is also a former member of the Chinese central bank’s monetary committee.

China played the long game to see who ‘blinks first’ when US trade war spiralled out of control in 2018, central bank’s ex-adviser says
China’s US$7 billion railway link to Laos is almost half done, on schedule to begin service in 2021

Laos is dependent on China to bankroll the US$7 billion project, raising concerns of being caught in a debt trap.

22 Mar 2019 - 1:49PM

Laos is dependent on China to bankroll the US$7 billion project, raising concerns of being caught in a debt trap.

China’s US$7 billion railway link to Laos is almost half done, on schedule to begin service in 2021
Shenzhen Transsion applies to raise capital on Shanghai’s technology board after taking Africa’s phone market by storm

Transsion, selling through its brands Tecno, Infinix and Itel, had 58.7 per cent of Africa’s mobile phone market in 2018, according to IDC data.

18 Mar 2019 - 10:45PM

Transsion, selling through its brands Tecno, Infinix and Itel, had 58.7 per cent of Africa’s mobile phone market in 2018, according to IDC data.

Shenzhen Transsion applies to raise capital on Shanghai’s technology board after taking Africa’s phone market by storm
Hainan Airlines sells two Boeing 737-800 planes for US$27.5 million to raise cash, after grounding 737 MAX 8
  • Embattled Chinese aviation conglomerate HNA Group to sell two Boeing 737-800 planes.
14 Mar 2019 - 8:38PM
  • Embattled Chinese aviation conglomerate HNA Group to sell two Boeing 737-800 planes.
Hainan Airlines sells two Boeing 737-800 planes for US$27.5 million to raise cash, after grounding 737 MAX 8
Electric carmaker Faraday Future seeks US$40 million for Nevada land as production plans unravel

Start-up founded by high-profile Chinese entrepreneur Jia Yueting bought the land in 2015 to construct a plant for its flagship model FF91, but plans were scrapped in 2017 after his financial situation worsened

14 Mar 2019 - 10:56PM

Start-up founded by high-profile Chinese entrepreneur Jia Yueting bought the land in 2015 to construct a plant for its flagship model FF91, but plans were scrapped in 2017 after his financial situation worsened

Electric carmaker Faraday Future seeks US$40 million for Nevada land as production plans unravel
Beijing orders banks to relax bad debt ratio for loans made to small companies
  • Banks can loosen non-performing loan ratio tolerance for small companies by an additional 3 percentage points, China’s top banking regulator says
13 Mar 2019 - 8:27PM
  • Banks can loosen non-performing loan ratio tolerance for small companies by an additional 3 percentage points, China’s top banking regulator says
Beijing orders banks to relax bad debt ratio for loans made to small companies
Chinese entrepreneurs’ pessimism stands out as Fidelity survey points to a gloomy 2019

Weaker consumer sentiment and increasing costs of doing business are the core drivers of this year’s pessimism, says Michael Sayers, equities research director at Fidelity

12 Mar 2019 - 10:55PM

Weaker consumer sentiment and increasing costs of doing business are the core drivers of this year’s pessimism, says Michael Sayers, equities research director at Fidelity

Chinese entrepreneurs’ pessimism stands out as Fidelity survey points to a gloomy 2019