Yujing Liu

Hong Kong

Yujing Liu

Reporter, Business

Yujing Liu is a business reporter with a passion for understanding and explaining the fascinating complexities of China’s economy and society. Originally from Beijing, she joined the Post in 2017 after graduating from the University of Hong Kong with a degree in politics and journalism.

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Latest from Yujing Liu

Hong Kong, mainland stocks post back-to-back monthly gains as latest data out of China signals continued recovery

The Hang Seng Index and Shanghai Composite Index saw back-to-back monthly gains. On Friday, China released its latest data signalling its economy is recovering from the coronavirus, which upended businesses and accelerated consumer transition to new economy products like telemedicine.

31 Jul 2020 - 5:03PM

The Hang Seng Index and Shanghai Composite Index saw back-to-back monthly gains. On Friday, China released its latest data signalling its economy is recovering from the coronavirus, which upended businesses and accelerated consumer transition to new economy products like telemedicine.

Hong Kong, mainland stocks post back-to-back monthly gains as latest data out of China signals continued recovery
China stocks record best day in seven sessions boosted by financials and pharmaceuticals, as investors bargain hunt

Mainland investors’ sentiment got a boost from an influx of foreign capital, as the net inflow into China’s domestic markets through the Stock Connect reached 10 billion yuan (US$1 billion), its highest level since July 6, snapping a four-session streak of net outflow.

29 Jul 2020 - 5:25PM

Mainland investors’ sentiment got a boost from an influx of foreign capital, as the net inflow into China’s domestic markets through the Stock Connect reached 10 billion yuan (US$1 billion), its highest level since July 6, snapping a four-session streak of net outflow.

China stocks record best day in seven sessions boosted by financials and pharmaceuticals, as investors bargain hunt
Hong Kong stocks surrender gains with third wave of coronavirus in focus; gold miners advance

Hong Kong stocks fall amid the worsening third wave of Covid-19 outbreak, surrendering early gains fuelled by technology stocks. Gold miners advance.

27 Jul 2020 - 5:10PM

Hong Kong stocks fall amid the worsening third wave of Covid-19 outbreak, surrendering early gains fuelled by technology stocks. Gold miners advance.

Hong Kong stocks surrender gains with third wave of coronavirus in focus; gold miners advance
Xi Jinping’s trillion-yuan baby, the Star Market, is poised for the next spurt of growth. Here’s why

Dozens of China’s biggest start-ups were driven to New York over the past two decades to seek funding. Now, as US-China tensions rise, more and more of them are choosing to stay close to home.

25 Jul 2020 - 11:25AM

Dozens of China’s biggest start-ups were driven to New York over the past two decades to seek funding. Now, as US-China tensions rise, more and more of them are choosing to stay close to home.

Xi Jinping’s trillion-yuan baby, the Star Market, is poised for the next spurt of growth. Here’s why
Health food start-up Wholly Moly aims to shake up the Chinese diet, swapping rice for American wholemeal oats

The Shanghai-based start-up wants to incorporate whole grains into trendy food choices that will appeal to the younger, more health-conscious generation.

24 Jul 2020 - 8:30AM

The Shanghai-based start-up wants to incorporate whole grains into trendy food choices that will appeal to the younger, more health-conscious generation.

Health food start-up Wholly Moly aims to shake up the Chinese diet, swapping rice for American wholemeal oats
China’s Nasdaq-style Star Market mints one billionaire a month with rally that outstrips FAANG stocks

China’s Nasdaq-style Star Market in Shanghai has produced at least 13 billionaires since its launch a year ago, driven by a frenzy over hi-tech companies with returns that outstripped the much-vaunted FAANG members.

23 Jul 2020 - 10:42PM

China’s Nasdaq-style Star Market in Shanghai has produced at least 13 billionaires since its launch a year ago, driven by a frenzy over hi-tech companies with returns that outstripped the much-vaunted FAANG members.

China’s Nasdaq-style Star Market mints one billionaire a month with rally that outstrips FAANG stocks
China’s world-beating stock bull run unleashed by economic recovery and liquidity sparks fears of another 2015 meltdown

The extraordinary bull run in Asia’s second-largest stock market reminds some observers of the run-up five years ago – also fuelled by liquidity and valuation expansions – which ended in a US$5 trillion wipeout.

18 Jul 2020 - 10:12PM

The extraordinary bull run in Asia’s second-largest stock market reminds some observers of the run-up five years ago – also fuelled by liquidity and valuation expansions – which ended in a US$5 trillion wipeout.

China’s world-beating stock bull run unleashed by economic recovery and liquidity sparks fears of another 2015 meltdown
Nasdaq-listed Kingold Jewelry says it’s under investigation for using fake gold to secure US$2.9 billion of loans

Kingold’s unfolding scandal, the second since Luckin Coffee’s US$310.7 million accounting fraud in April, has shaken investors’ confidence of US-listed Chinese companies, and hardened the resolve of some US politicians to legislate for the expulsion of fraudulent companies.

16 Jul 2020 - 8:36PM

Kingold’s unfolding scandal, the second since Luckin Coffee’s US$310.7 million accounting fraud in April, has shaken investors’ confidence of US-listed Chinese companies, and hardened the resolve of some US politicians to legislate for the expulsion of fraudulent companies.

Nasdaq-listed Kingold Jewelry says it’s under investigation for using fake gold to secure US$2.9 billion of loans
Star Market technology board second only to Nasdaq, leads Hong Kong in terms of funds raised amid Chinese stock market euphoria

The launch of the Star Market, a pet project of President Xi Jinping, a year ago marked the start of China’s stock market reforms.

15 Jul 2020 - 10:44PM

The launch of the Star Market, a pet project of President Xi Jinping, a year ago marked the start of China’s stock market reforms.

Star Market technology board second only to Nasdaq, leads Hong Kong in terms of funds raised amid Chinese stock market euphoria
Luckin Coffee drops co-founder Charles Lu Zhengyao as chairman of new board, keeps investors guessing on who’s in charge of scandal-tainted chain

Luckin Coffee names a new board chairman and additional independent directors a week after a July 5 special meeting, keeping investors in the dark on who’s in charge after an accounting scandal.

14 Jul 2020 - 11:00PM

Luckin Coffee names a new board chairman and additional independent directors a week after a July 5 special meeting, keeping investors in the dark on who’s in charge after an accounting scandal.

Luckin Coffee drops co-founder Charles Lu Zhengyao as chairman of new board, keeps investors guessing on who’s in charge of scandal-tainted chain
Chinese super regulator calls for crackdown on ‘cancer’ of fraud in capital markets

A super regulator that oversees China’s banking, securities and insurance watchdogs has called for zero tolerance and a stronger crackdown on fraud, to ward off an impending US legislation that will target Chinese companies for failure to submit an audit to an American oversight board and drive them off Wall Street.

13 Jul 2020 - 11:03PM

A super regulator that oversees China’s banking, securities and insurance watchdogs has called for zero tolerance and a stronger crackdown on fraud, to ward off an impending US legislation that will target Chinese companies for failure to submit an audit to an American oversight board and drive them off Wall Street.

Chinese super regulator calls for crackdown on ‘cancer’ of fraud in capital markets
China extends tax dragnet to worldwide income, with state employees in Hong Kong first to feel the pinch

China is tightening its personal income tax law by extending the dragnet to income earned globally, with employees of state-owned enterprises based in Hong Kong first to suffer.

9 Jul 2020 - 10:58PM

China is tightening its personal income tax law by extending the dragnet to income earned globally, with employees of state-owned enterprises based in Hong Kong first to suffer.

China extends tax dragnet to worldwide income, with state employees in Hong Kong first to feel the pinch
China Securities Regulatory Commission warns investors about illegally financed margin trading amid run-up in markets

The China Securities Regulatory Commission (CSRC), China’s top watchdog, on Wednesday warned investors about financial institutions that are illegally financing margin trading, a major culprit behind the 2015 stock market crash.

9 Jul 2020 - 10:48PM

The China Securities Regulatory Commission (CSRC), China’s top watchdog, on Wednesday warned investors about financial institutions that are illegally financing margin trading, a major culprit behind the 2015 stock market crash.

China Securities Regulatory Commission warns investors about illegally financed margin trading amid run-up in markets
Feihe’s shares jump in Hong Kong after Chinese milk producer rejects attack by short seller, forecasts even higher sales

This is not Feihe’s first brush with controversy since its HK$6.7 billion (US$864 million) initial public offering in November. It has continued to bat away accusations about its accounting.

8 Jul 2020 - 11:13PM

This is not Feihe’s first brush with controversy since its HK$6.7 billion (US$864 million) initial public offering in November. It has continued to bat away accusations about its accounting.

Feihe’s shares jump in Hong Kong after Chinese milk producer rejects attack by short seller, forecasts even higher sales
Tahoe Group misses another bond repayment as liquidity crunch worries creditors and homebuyers

The biggest defaulter among Chinese developers fails to repay a maturing bond this week. More of them are coming due in the next 12 months while cash level dwindles.

7 Jul 2020 - 10:54PM

The biggest defaulter among Chinese developers fails to repay a maturing bond this week. More of them are coming due in the next 12 months while cash level dwindles.

Tahoe Group misses another bond repayment as liquidity crunch worries creditors and homebuyers
Luckin Coffee co-founder Charles Lu tightens grip in boardroom fight after accounting scandal

Charles Lu Zhengyao is tightening his grip on Luckin Coffee in a boardroom fight by appointing his nominees and ousting opponents after surviving an internal revolt.

6 Jul 2020 - 8:06PM

Charles Lu Zhengyao is tightening his grip on Luckin Coffee in a boardroom fight by appointing his nominees and ousting opponents after surviving an internal revolt.

Luckin Coffee co-founder Charles Lu tightens grip in boardroom fight after accounting scandal
Scandal-hit Luckin Coffee’s chairman Charles Lu Zhengyao survives move to oust him

A proposal to remove Charles Lu Zhengyao from his position at Luckin put forward by a majority of the company’s directors failed to garner the necessary two-thirds votes during a board meeting on Thursday

3 Jul 2020 - 9:59PM

A proposal to remove Charles Lu Zhengyao from his position at Luckin put forward by a majority of the company’s directors failed to garner the necessary two-thirds votes during a board meeting on Thursday

Scandal-hit Luckin Coffee’s chairman Charles Lu Zhengyao survives move to oust him
Hong Kong’s battered Hang Seng Index expected to pick up steam in second half of year. No, really

“There is probably too much bad news in the [Hong Kong stock] prices,” said Ray Farris, Credit Suisse's chief investment officer for South Asia. “Hong Kong, at these valuations, is an attractive and interesting opportunity.”

29 Jun 2020 - 9:03AM

“There is probably too much bad news in the [Hong Kong stock] prices,” said Ray Farris, Credit Suisse's chief investment officer for South Asia. “Hong Kong, at these valuations, is an attractive and interesting opportunity.”

Hong Kong’s battered Hang Seng Index expected to pick up steam in second half of year. No, really
Chinese traditional medicine treatment for Covid-19 inspired by 1,800-year-old medical textbook produces fortune for makers

Popularity of the Lianhua Qingwen capsule has produced massive fortunes for the company behind it and its shareholders.

29 Jun 2020 - 1:22PM

Popularity of the Lianhua Qingwen capsule has produced massive fortunes for the company behind it and its shareholders.

Chinese traditional medicine treatment for Covid-19 inspired by 1,800-year-old medical textbook produces fortune for makers
Hong Kong, China stocks climb as influx of foreign capital into mainland market boosts investor sentiment

London-based global index provider FTSE Russell is set to hike the weighting of China’s A shares in its indices to 25 per cent from 17.5 per cent after market close on Friday. It is estimated to bring about 21 billion yuan (US$3 billion) of new capital into the onshore market from passive funds that track the indices.

19 Jun 2020 - 5:04PM

London-based global index provider FTSE Russell is set to hike the weighting of China’s A shares in its indices to 25 per cent from 17.5 per cent after market close on Friday. It is estimated to bring about 21 billion yuan (US$3 billion) of new capital into the onshore market from passive funds that track the indices.

Hong Kong, China stocks climb as influx of foreign capital into mainland market boosts investor sentiment
China’s regulator, rebutting claim of Chinese accounting fraud on US markets, says its goodwill to collaborate had been snubbed

The previously unreported outreach by the CSRC was too late to stave off retribution by the US Congress to punish Chinese companies for what Louisiana Republican Senator John Kennedy called “cheating” in America’s capital markets, amid deteriorating US-China relations.

19 Jun 2020 - 9:11AM

The previously unreported outreach by the CSRC was too late to stave off retribution by the US Congress to punish Chinese companies for what Louisiana Republican Senator John Kennedy called “cheating” in America’s capital markets, amid deteriorating US-China relations.

China’s regulator, rebutting claim of Chinese accounting fraud on US markets, says its goodwill to collaborate had been snubbed
Coronavirus: China calls on banks to give up US$212 billion in profits to finance cheap business lending

China has urged banks to surrender 1.5 trillion yuan (US$212 billion) in profits this year to help businesses weather the impact of the coronavirus.

18 Jun 2020 - 10:14PM

China has urged banks to surrender 1.5 trillion yuan (US$212 billion) in profits this year to help businesses weather the impact of the coronavirus.

Coronavirus: China calls on banks to give up US$212 billion in profits to finance cheap business lending
JD.com debuts with 3.5 per cent gain in Hong Kong’s biggest initial public offering of 2020 as joyous investors embrace e-commerce

It was Hong Kong’s largest fundraising this year so far – and the first to feature a canine banging the virtual gong that has replaced live ceremonies due to the coronavirus. Joy, its corporate mascot, is well-known to JD.com fans.

18 Jun 2020 - 9:01PM

It was Hong Kong’s largest fundraising this year so far – and the first to feature a canine banging the virtual gong that has replaced live ceremonies due to the coronavirus. Joy, its corporate mascot, is well-known to JD.com fans.

JD.com debuts with 3.5 per cent gain in Hong Kong’s biggest initial public offering of 2020 as joyous investors embrace e-commerce
Hong Kong stocks extend gains for a second straight day as investors take cue from rising US futures

Investors shrug off coronavirus concerns and focus on US market futures, which rose after data pointed to a rebound in American consumer spending in May.

17 Jun 2020 - 4:44PM

Investors shrug off coronavirus concerns and focus on US market futures, which rose after data pointed to a rebound in American consumer spending in May.

Hong Kong stocks extend gains for a second straight day as investors take cue from rising US futures
Wheelock ends 57-year history as public company as shareholders approve HK$126 billion privatisation plan

The curtains are coming down on yet another Hong Kong corporate titan as Wheelock and Company prepares to go private after a year-long stock slump.

17 Jun 2020 - 5:09AM

The curtains are coming down on yet another Hong Kong corporate titan as Wheelock and Company prepares to go private after a year-long stock slump.

Wheelock ends 57-year history as public company as shareholders approve HK$126 billion privatisation plan
China sends former insurance regulator Xiang Junbo to 11 years in prison for accepting 18 million yuan in bribes

Xiang’s fall from grace in 2017 capped a year-long shakeout of the country’s financial services industry, which ended in his regulatory commission absorbed by the bigger bank regulator.

16 Jun 2020 - 7:23PM

Xiang’s fall from grace in 2017 capped a year-long shakeout of the country’s financial services industry, which ended in his regulatory commission absorbed by the bigger bank regulator.

China sends former insurance regulator Xiang Junbo to 11 years in prison for accepting 18 million yuan in bribes
Midea’s billionaire founder He Xiangjian rescued after kidnappers armed with explosives broke into his luxury villa in Foshan, China

He Xiangjian, 77, the country’s 6th richest person with an estimated US$25 billion fortune, was abducted by kidnappers carrying explosives at his luxury villa in Foshan, Guangdong province, local media reported.

15 Jun 2020 - 11:29PM

He Xiangjian, 77, the country’s 6th richest person with an estimated US$25 billion fortune, was abducted by kidnappers carrying explosives at his luxury villa in Foshan, Guangdong province, local media reported.

Midea’s billionaire founder He Xiangjian rescued after kidnappers armed with explosives broke into his luxury villa in Foshan, China
Hong Kong stocks extend run of losses for fourth straight day after surge in coronavirus cases in China, US

Hang Seng Index closes 2.2 per cent, with airlines and restaurant operators taking the biggest hit as investors expect rebounding demand to weaken again

15 Jun 2020 - 4:37PM

Hang Seng Index closes 2.2 per cent, with airlines and restaurant operators taking the biggest hit as investors expect rebounding demand to weaken again

Hong Kong stocks extend run of losses for fourth straight day after surge in coronavirus cases in China, US
Should investors buy a ticket on Cathay Pacific’s US$5 billion rescue plan?

Investors who don’t sell will be offered a choice between pouring more money into an extremely uncertain outlook of the aviation industry or having a potential massive dilution to their share of the company.

15 Jun 2020 - 8:20AM

Investors who don’t sell will be offered a choice between pouring more money into an extremely uncertain outlook of the aviation industry or having a potential massive dilution to their share of the company.

Should investors buy a ticket on Cathay Pacific’s US$5 billion rescue plan?
Luckin Coffee scandal sparks demand from Chinese tech firms for auditors to check online metrics data

Chinese internet companies are increasingly asking auditors to validate data like number of daily active users, after the possibility Luckin had fabricated online order volumes to inflate its numbers was posited in a short-seller report.

14 Jun 2020 - 12:43PM

Chinese internet companies are increasingly asking auditors to validate data like number of daily active users, after the possibility Luckin had fabricated online order volumes to inflate its numbers was posited in a short-seller report.

Luckin Coffee scandal sparks demand from Chinese tech firms for auditors to check online metrics data