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

China’s small banks push rules to the limit as they tap individuals for short-term funds amid liquidity crunch

Small mainland China banks are using online agencies to attract seven-day and 14-day deposits from retail investors, with the promise of big cash paybacks and high interest rates, circumventing Chinese banking laws in the process.

20 Aug 2019 - 10:33PM

Small mainland China banks are using online agencies to attract seven-day and 14-day deposits from retail investors, with the promise of big cash paybacks and high interest rates, circumventing Chinese banking laws in the process.

China’s small banks push rules to the limit as they tap individuals for short-term funds amid liquidity crunch
Creditors sell dragon shaped Pangu office tower on Taobao for a steep discount to recover debt owed by fugitive Guo Wengui

The 39-storey tower was put on the auction block for a starting price of 5.18 billion yuan and valued at 7.92 billion yuan, about half the average price of comparable Grade A offices in the neighbourhood.

20 Aug 2019 - 10:37PM

The 39-storey tower was put on the auction block for a starting price of 5.18 billion yuan and valued at 7.92 billion yuan, about half the average price of comparable Grade A offices in the neighbourhood.

Creditors sell dragon shaped Pangu office tower on Taobao for a steep discount to recover debt owed by fugitive Guo Wengui
US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog

Guan Tao says US president Donald Trump keeps disrupting market sentiment, then blames China for the weaker yuan.

18 Aug 2019 - 11:04PM

Guan Tao says US president Donald Trump keeps disrupting market sentiment, then blames China for the weaker yuan.

US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog
Missing oil tycoon Ye Jianming’s firm faces delisting in China, 18 months after he was detained by Chinese authorities

The process to give the boot to the Shenzhen-listed firm of once-powerful conglomerate CEFC China Energy is likely to begin this week.

15 Aug 2019 - 10:58PM

The process to give the boot to the Shenzhen-listed firm of once-powerful conglomerate CEFC China Energy is likely to begin this week.

Missing oil tycoon Ye Jianming’s firm faces delisting in China, 18 months after he was detained by Chinese authorities
Bitter unrest in Hong Kong prompts city’s ultra rich to look into relocating their families to the US

New York agent who handles investments beginning at US$10 million says he is receiving an unusually high volume of requests from Hong Kong’s super rich about helping them relocate to America.

15 Aug 2019 - 10:06AM

New York agent who handles investments beginning at US$10 million says he is receiving an unusually high volume of requests from Hong Kong’s super rich about helping them relocate to America.

Bitter unrest in Hong Kong prompts city’s ultra rich to look into relocating their families to the US
China should ‘try to win over other countries with favourable policies’ amid trade war with US

Economist at forum in northeast of country says Beijing shouldn’t let trade war with Washington ‘disrupt our progress’.

10 Aug 2019 - 9:00PM

Economist at forum in northeast of country says Beijing shouldn’t let trade war with Washington ‘disrupt our progress’.

China should ‘try to win over other countries with favourable policies’ amid trade war with US
Shanghai’s bourse asks banks, bondholders to cut debtors some slack to ensure financial stability through China’s 70th birthday

The intervention by the exchange underscores the Chinese government’s sensitivity to financial turbulence, particularly when the worst economic growth pace on record is raining on the Communist Party’s commemoration of seven decades in power.

9 Aug 2019 - 8:00AM

The intervention by the exchange underscores the Chinese government’s sensitivity to financial turbulence, particularly when the worst economic growth pace on record is raining on the Communist Party’s commemoration of seven decades in power.

Shanghai’s bourse asks banks, bondholders to cut debtors some slack to ensure financial stability through China’s 70th birthday
China hits back at ‘currency manipulator’ label as Donald Trump ratchets up US trade war

Markets slid on the potential further escalation in US-China tensions, with analysts predicting more tariffs to come.

7 Aug 2019 - 5:28AM

Markets slid on the potential further escalation in US-China tensions, with analysts predicting more tariffs to come.

China hits back at ‘currency manipulator’ label as Donald Trump ratchets up US trade war
China’s central bank to sell US$4.3 billion worth of yuan-denominated securities, slowing currency devaluation

Bill issuance in Hong Kong seen as most efficient way to absorb offshore liquidity and prevent further depreciation of yuan.

6 Aug 2019 - 5:06PM

Bill issuance in Hong Kong seen as most efficient way to absorb offshore liquidity and prevent further depreciation of yuan.

China’s central bank to sell US$4.3 billion worth of yuan-denominated securities, slowing currency devaluation
Leadership shuffle at Bank of Jinzhou raises questions about ICBC-led ‘investment’ in July, as credit drought wreaks damage on regional lenders

Guo Wenfeng, 47, a veteran banker with ties to ICBC, will take up the top post at Bank of Jinzhou.

5 Aug 2019 - 11:03PM

Guo Wenfeng, 47, a veteran banker with ties to ICBC, will take up the top post at Bank of Jinzhou.

Leadership shuffle at Bank of Jinzhou raises questions about ICBC-led ‘investment’ in July, as credit drought wreaks damage on regional lenders
Huge staff cuts at Chinese Apple supplier raise the question: can the country’s businesses withstand a drawn-out trade war?

O-Film Group, a Chinese supplier of camera and touch panel components for Apple, is reportedly cutting 8,000 staff at its central China’s plant

1 Aug 2019 - 11:11PM

O-Film Group, a Chinese supplier of camera and touch panel components for Apple, is reportedly cutting 8,000 staff at its central China’s plant

Huge staff cuts at Chinese Apple supplier raise the question: can the country’s businesses withstand a drawn-out trade war?
Pursuit of China’s soccer dream turns into nightmare for internet tycoon

Sources say the founder of Baofeng Group has been under investigation for the past few weeks

31 Jul 2019 - 8:03PM

Sources say the founder of Baofeng Group has been under investigation for the past few weeks

Pursuit of China’s soccer dream turns into nightmare for internet tycoon
Dozens of companies suspend fundraising as investigation into audit firm Ruihua enters fourth week

Forty-two companies have halted bond and share fundraising activities since investigation into Ruihua Certified Public Accountants began in early July

30 Jul 2019 - 4:36PM

Forty-two companies have halted bond and share fundraising activities since investigation into Ruihua Certified Public Accountants began in early July

Dozens of companies suspend fundraising as investigation into audit firm Ruihua enters fourth week
China is powering ahead with its tech development blueprint, it’s just not talking about it

The profile has been lowered, yet ‘Made in China 2025’ continues to channel state-sponsored investment into the technology sector

16 Jul 2019 - 11:32AM

The profile has been lowered, yet ‘Made in China 2025’ continues to channel state-sponsored investment into the technology sector

China is powering ahead with its tech development blueprint, it’s just not talking about it
Chinese companies’ cash heading for Europe, North America drops to five-year low as capital controls, scrutiny abroad puts the brakes on investment

Chinese foreign direct investment came to US$3.3 billion in North America and US$9 billion in Europe in the first half, down by a fifth from a year ago

12 Jul 2019 - 12:24AM

Chinese foreign direct investment came to US$3.3 billion in North America and US$9 billion in Europe in the first half, down by a fifth from a year ago

Chinese companies’ cash heading for Europe, North America drops to five-year low as capital controls, scrutiny abroad puts the brakes on investment
China’s government mulls special stake in wallstreetcn.com as it looks to control the flow of information on trade, economics

The stake, known as ‘special management shares’, may be held via a local state asset supervision authority or government backed fund, say sources.

19 Jul 2019 - 3:29PM

The stake, known as ‘special management shares’, may be held via a local state asset supervision authority or government backed fund, say sources.

China’s government mulls special stake in wallstreetcn.com as it looks to control the flow of information on trade, economics
Political unrest, trade war highlight bay area’s importance to Hong Kong, analysts say

Analysts and policymakers at Caixin GBA forum urge acceleration in integrating Hong Kong, Macau, and the Guangdong region

8 Jul 2019 - 10:32PM

Analysts and policymakers at Caixin GBA forum urge acceleration in integrating Hong Kong, Macau, and the Guangdong region

Political unrest, trade war highlight bay area’s importance to Hong Kong, analysts say
Taiwan tech firms set to join exodus from China amid trade war, says Citibank research

Assuming between 30 to 50 per cent of Taiwanese tech firms leave China, up to 3 million jobs could be lost, according to Citibank.

4 Jul 2019 - 11:06PM

Assuming between 30 to 50 per cent of Taiwanese tech firms leave China, up to 3 million jobs could be lost, according to Citibank.

Taiwan tech firms set to join exodus from China amid trade war, says Citibank research
Vietnam’s April trade deficit widens, showing country’s commerce actually deteriorated amid US-China trade war

Vietnam’s net export position has deteriorated since the US-China trade war escalated, a Bank of America Merrill Lynch study has found.

4 Jul 2019 - 10:13AM

Vietnam’s net export position has deteriorated since the US-China trade war escalated, a Bank of America Merrill Lynch study has found.

Vietnam’s April trade deficit widens, showing country’s commerce actually deteriorated amid US-China trade war
Trade war truce lifts confidence for Hong Kong’s homebuyers, bolstering sales at the third-biggest weekend launch of 2019

The buoyant sale is welcomed news for Hong Kong’s downbeat property market, which has been knocked about for several weeks by the biggest street protests in the city’s history, and the US-China trade war.

29 Jun 2019 - 10:24PM

The buoyant sale is welcomed news for Hong Kong’s downbeat property market, which has been knocked about for several weeks by the biggest street protests in the city’s history, and the US-China trade war.

Trade war truce lifts confidence for Hong Kong’s homebuyers, bolstering sales at the third-biggest weekend launch of 2019
As it happened: Donald Trump confirms US companies can continue to sell to Huawei during G20 press conference

US President Donald Trump spoke to the media on the sidelines of the G20 summit in Osaka, Japan having earlier met with Chinese President Xi Jinping.

29 Jun 2019 - 9:21PM

US President Donald Trump spoke to the media on the sidelines of the G20 summit in Osaka, Japan having earlier met with Chinese President Xi Jinping.

As it happened: Donald Trump confirms US companies can continue to sell to Huawei during G20 press conference
China’s government sets up Dajia Insurance to take over Anbang’s assets as the disposal of former asset buyer nears

The move is the clearest sign that the China Banking and Insurance Regulatory Commission (CBIRC) is moving ahead with its programme to transfer Anbang’s business operations.

28 Jun 2019 - 10:52PM

The move is the clearest sign that the China Banking and Insurance Regulatory Commission (CBIRC) is moving ahead with its programme to transfer Anbang’s business operations.

China’s government sets up Dajia Insurance to take over Anbang’s assets as the disposal of former asset buyer nears
China Construction Bank and China Merchants Bank ace stress test conducted by DBS Bank

China’s banking industry will need to raise 2 trillion yuan (US$291 billion) to replenish their capital in the event of three bear scenarios.

27 Jun 2019 - 10:44PM

China’s banking industry will need to raise 2 trillion yuan (US$291 billion) to replenish their capital in the event of three bear scenarios.

China Construction Bank and China Merchants Bank ace stress test conducted by DBS Bank
Taiwan halts US$32.2 million investment by Hong Kong firm with ‘extreme deep connections’ to Beijing on security grounds

A part of the largest property development project in Taipei has been halted, after Taiwan’s ministry of economic affairs blocked a key investor citing national security concerns.

27 Jun 2019 - 10:49PM

A part of the largest property development project in Taipei has been halted, after Taiwan’s ministry of economic affairs blocked a key investor citing national security concerns.

Taiwan halts US$32.2 million investment by Hong Kong firm with ‘extreme deep connections’ to Beijing on security grounds
Shares of Suzhou HYC, the first IPO on Shanghai’s new tech board, oversubscribed 336 times as investors join frenzy

Suzhou HYC Technology prices IPO at 24.26 yuan, with sponsor Huatai Securities to take up 4.11 per cent of new shares.

26 Jun 2019 - 10:46PM

Suzhou HYC Technology prices IPO at 24.26 yuan, with sponsor Huatai Securities to take up 4.11 per cent of new shares.

Shares of Suzhou HYC, the first IPO on Shanghai’s new tech board, oversubscribed 336 times as investors join frenzy
China Merchants Bank, Bank of Communications and Shanghai Pudong Development Bank dismiss US’s North Korea sanctions breach charges

Mainland Chinese commercial banks China Merchants Bank, Bank of Communications and Shanghai Pudong Development Bank on Tuesday dismissed allegations they were in possible breach of US sanctions against North Korea.

25 Jun 2019 - 11:34PM

Mainland Chinese commercial banks China Merchants Bank, Bank of Communications and Shanghai Pudong Development Bank on Tuesday dismissed allegations they were in possible breach of US sanctions against North Korea.

China Merchants Bank, Bank of Communications and Shanghai Pudong Development Bank dismiss US’s North Korea sanctions breach charges
Vietnam and India see explosion in direct investment from China as tech suppliers shift production overseas, says Goldman Sachs

Vietnam sees direct investment capital from China jump by 4.6 times to US$1.56 billion during the first five months of the year

24 Jun 2019 - 10:34PM

Vietnam sees direct investment capital from China jump by 4.6 times to US$1.56 billion during the first five months of the year

Vietnam and India see explosion in direct investment from China as tech suppliers shift production overseas, says Goldman Sachs
Beijing orders brokerages to lift fundraising quota, eases liquidity for smaller financial firms

Shenzhen-based brokerages GF Securities and China Merchants Securities said on Monday they had been asked to lift their quotas on short-term fundraising by Beijing, a move that may boost lending to smaller financial firms.

24 Jun 2019 - 10:33PM

Shenzhen-based brokerages GF Securities and China Merchants Securities said on Monday they had been asked to lift their quotas on short-term fundraising by Beijing, a move that may boost lending to smaller financial firms.

Beijing orders brokerages to lift fundraising quota, eases liquidity for smaller financial firms
Chinese asset buyers unfazed by Brexit drama show strong interest in acquiring British companies

Investment bankers note rising interest from Chinese companies and funds for M&A opportunities in the UK.

24 Jun 2019 - 7:00AM

Investment bankers note rising interest from Chinese companies and funds for M&A opportunities in the UK.

Chinese asset buyers unfazed by Brexit drama show strong interest in acquiring British companies
China considers unwinding rules put in place after the last equity market crash; proposed change to help ease company fundraising

CSRC has invited public comment on proposals to scrap M&A profitability requirements and other measures implemented following 2015 market crash

21 Jun 2019 - 10:39PM

CSRC has invited public comment on proposals to scrap M&A profitability requirements and other measures implemented following 2015 market crash

China considers unwinding rules put in place after the last equity market crash; proposed change to help ease company fundraising