Zhang Shidong

Shanghai

Zhang Shidong

Reporter, Business

Zhang Shidong is based in Shanghai and reports on business for the Post. He joined the team in 2017, following stints covering China's stock market news for Bloomberg and at a local newspaper in Shanghai.

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Latest from Zhang Shidong

Alibaba, Chinese developers lift Hong Kong stocks to two-month high as China cuts interest rates, unveils spending stimulus

Stocks in Hong Kong are getting a big bounce as China delivers more policy easing by trimming key lending rates for a second time in a month.

Stocks in Hong Kong are getting a big bounce as China delivers more policy easing by trimming key lending rates for a second time in a month.

56 minutes ago
China’s small-cap stocks flash bearish signs as pricey valuations keep investors at bay without stronger policy easing

Investors are falling out of love with small-cap start-up companies in Shenzhen on demanding valuations, as policy easing measures in China fail to whet the appetite.

Investors are falling out of love with small-cap start-up companies in Shenzhen on demanding valuations, as policy easing measures in China fail to whet the appetite.

19 Jan 2022 - 3:53PM
Hang Seng gains as China pledges to open policy toolbox to aid growth while Alibaba tumbles on US regulatory concerns

Local stocks sustained gains on a choppy trading day, shrugging off losses in regional markets, as China’s central bank signalled it was ready to deploy more tools to support the economy.

Local stocks sustained gains on a choppy trading day, shrugging off losses in regional markets, as China’s central bank signalled it was ready to deploy more tools to support the economy.

19 Jan 2022 - 4:50PM
China stocks defy slump in Asian markets amid policy easing bets while Hang Seng surrenders gain

China’s economic slowdown has entrenched expectations for further policy easing and other market-friendly measures. Equities in Hong Kong erased gains, falling in tandem with most Asian markets.

China’s economic slowdown has entrenched expectations for further policy easing and other market-friendly measures. Equities in Hong Kong erased gains, falling in tandem with most Asian markets.

18 Jan 2022 - 5:00PM
China stocks favoured by UBS, Goldman can wait as US$3.9 trillion mutual fund industry struggles to attract new investors

Mainland investors are biding their time even as strategists at Goldman and UBS are bullish on the market. Early wobbles in equity prices, setbacks by star fund managers and weaker growth outlook are keeping enthusiasm in check for now.

Mainland investors are biding their time even as strategists at Goldman and UBS are bullish on the market. Early wobbles in equity prices, setbacks by star fund managers and weaker growth outlook are keeping enthusiasm in check for now.

17 Jan 2022 - 7:30AM
China’s most bullish stock bet risks falling apart as world’s biggest Li-ion battery maker CATL makes a surprising U-turn in its two-year run

The rout in CATL and other green-energy stocks is in tandem with the global sell-off in tech stocks with hefty gains, as the tapering by the US Federal Reserve reins in risk assets, according to Huaxi Securities.

The rout in CATL and other green-energy stocks is in tandem with the global sell-off in tech stocks with hefty gains, as the tapering by the US Federal Reserve reins in risk assets, according to Huaxi Securities.

13 Jan 2022 - 3:44PM
HSBC, Bank of China at multi-month highs show fund managers love banking stocks as margins, dividends add to gloss

As global central banks tighten monetary policy, investors have wasted no time in scooping up banking stocks in Hong Kong and elsewhere. Wider lending margins and richer dividends are underpinning the fundamental outlook.

As global central banks tighten monetary policy, investors have wasted no time in scooping up banking stocks in Hong Kong and elsewhere. Wider lending margins and richer dividends are underpinning the fundamental outlook.

13 Jan 2022 - 9:30AM
China’s metaverse: pioneer analyst picks 6 stocks to emulate Facebook, Roblox and other 2021 winners

Ma Tianyi at Minsheng Securities, called the first metaverse analyst in China, picks Tencent among six stocks to benefit from the hottest concept in China’s capital market.

Ma Tianyi at Minsheng Securities, called the first metaverse analyst in China, picks Tencent among six stocks to benefit from the hottest concept in China’s capital market.

10 Jan 2022 - 10:42AM
Hong Kong stocks rally as buyers pile into Alibaba, JD.com after US$97 billion tech rout while China pledges to temper wild swings

Stocks rallied for a second day, sending the Hang Seng Index to a winning first week of 2022 as traders scooped up Alibaba, JD.com and tech peers. Values appealed to buyers after a US$97 billion slump in Chinese Big Tech.

Stocks rallied for a second day, sending the Hang Seng Index to a winning first week of 2022 as traders scooped up Alibaba, JD.com and tech peers. Values appealed to buyers after a US$97 billion slump in Chinese Big Tech.

7 Jan 2022 - 5:11PM
Hong Kong stocks rebound from near 21-month low as tech sell-off, cheap valuations lure investors

Local stocks defied a global sell-off triggered by concerns about higher borrowing costs. Bargain-hunting gained momentum after a rout in Chinese Big Tech on Wednesday.

Local stocks defied a global sell-off triggered by concerns about higher borrowing costs. Bargain-hunting gained momentum after a rout in Chinese Big Tech on Wednesday.

6 Jan 2022 - 5:58PM
Tech stocks sink in Hong Kong on concerns Tencent to divest more investments while Alibaba slips on antitrust fine

Tech stocks plunged as another billion-dollar divestment by Tencent triggered a steep sell-off in peers including Meituan, Kuaishou and JD.com Chinese antitrust regulators fined some Alibaba and Tencent units.

Tech stocks plunged as another billion-dollar divestment by Tencent triggered a steep sell-off in peers including Meituan, Kuaishou and JD.com Chinese antitrust regulators fined some Alibaba and Tencent units.

5 Jan 2022 - 4:59PM
China’s star manager hopes for redemption as all 4 funds with US$16 billion in assets suffered losses in 2021

The days of easy money may be over as investors struggle to overcome a torrent of regulatory crackdowns. Zhang Kun will be banking on policy-easing momentum and stock valuations to redeem himself in 2022.

The days of easy money may be over as investors struggle to overcome a torrent of regulatory crackdowns. Zhang Kun will be banking on policy-easing momentum and stock valuations to redeem himself in 2022.

3 Jan 2022 - 8:40AM
SenseTime rises 7 per cent in Hong Kong debut after surprise surge as traders defied US sanctions

SenseTime, China’s AI champion, jumped as much as 23 per cent, paying off for investors who bet on its IPO despite ongoing pressure from US sanctions. The stock ended the day with a 7.3 per cent gain.

SenseTime, China’s AI champion, jumped as much as 23 per cent, paying off for investors who bet on its IPO despite ongoing pressure from US sanctions. The stock ended the day with a 7.3 per cent gain.

30 Dec 2021 - 6:58PM
Chinese developer Aoyuan slides to almost six-year low after being summoned by Hong Kong court for subsidiary’s US$131 million debt guarantee

Cash-strapped developer China Aoyuan Group tumbled to its lowest level in almost six years after it was summoned by the Higher Court of Hong Kong for guaranteeing US$131 million in debt for a subsidiary.

Cash-strapped developer China Aoyuan Group tumbled to its lowest level in almost six years after it was summoned by the Higher Court of Hong Kong for guaranteeing US$131 million in debt for a subsidiary.

29 Dec 2021 - 4:48PM
Hong Kong stocks log five-day winning run while Macau casino operators and tech names slide

Local stocks rose for a fifth day as sentiment improved amid a rally in regional markets. Limiting gains, Macau casino operators suffered after the city reported the first Omicron variant case this week.

Local stocks rose for a fifth day as sentiment improved amid a rally in regional markets. Limiting gains, Macau casino operators suffered after the city reported the first Omicron variant case this week.

28 Dec 2021 - 5:27PM
China stocks drop to one-week low as Covid-19 outbreak clouds economic revival efforts, even as VIE stance boosts tech start-ups

Stocks in mainland China were in the limelight on Monday, as trading in Hong Kong was halted for a public holiday. A resurgence in Covid-19 cases is clouding the recovery outlook following attempts to ease policy this month.

Stocks in mainland China were in the limelight on Monday, as trading in Hong Kong was halted for a public holiday. A resurgence in Covid-19 cases is clouding the recovery outlook following attempts to ease policy this month.

27 Dec 2021 - 3:48PM
Investors likely to cheer clarity on VIE companies as China unveils requirements on offshore IPOs

The draft rule, published online to solicit public opinion through January 23, could douse speculation that Chinese authorities would close a legal workaround employed by more than 500 companies to offshore stock listings.

The draft rule, published online to solicit public opinion through January 23, could douse speculation that Chinese authorities would close a legal workaround employed by more than 500 companies to offshore stock listings.

29 Dec 2021 - 3:49PM
Homebuyers take up two-thirds of Sun Hung Kai’s Yoho Hub flats in Yuen Long as recovery, rate outlook underpin demand

Sun Hung Kai is set to enjoy a brisk festive weekend sale at Yoho Hub as optimism returns to the market amid economic recovery. Some buyers bring forward their purchases to pre-empt higher borrowing costs.

Sun Hung Kai is set to enjoy a brisk festive weekend sale at Yoho Hub as optimism returns to the market amid economic recovery. Some buyers bring forward their purchases to pre-empt higher borrowing costs.

26 Dec 2021 - 7:13PM
China tech crackdown: after a trillion-dollar rout, has the stock market drubbing gone too far?

The tumultuous year in China technology has not only wiped out billions of dollars in value, it also upended how some of the most promising start-ups are appraised, where assumptions of unfettered and symbiotic growth can no longer be taken for granted.

The tumultuous year in China technology has not only wiped out billions of dollars in value, it also upended how some of the most promising start-ups are appraised, where assumptions of unfettered and symbiotic growth can no longer be taken for granted.

25 Dec 2021 - 11:18AM
Macau casino stocks keep alive Hong Kong market’s longest winning run in five weeks, as trading volume sags before holiday

Stocks in Hong Kong extended a rebound from a 21-month low before a shortened trading day on Christmas Eve. Macau casino operators gained on optimism that their concessions will be renewed next year following a favourable public hearing.

Stocks in Hong Kong extended a rebound from a 21-month low before a shortened trading day on Christmas Eve. Macau casino operators gained on optimism that their concessions will be renewed next year following a favourable public hearing.

24 Dec 2021 - 3:51PM
Hong Kong stocks rebound as sell-off that erased most of US$945 billion post-pandemic recovery attracts buyers

Stocks rebounded from near a 21-month low as a technical gauge slipped this week below a threshold that typically suggests prices will recover from excessive selling.

Stocks rebounded from near a 21-month low as a technical gauge slipped this week below a threshold that typically suggests prices will recover from excessive selling.

21 Dec 2021 - 5:19PM
Hong Kong IPO debutants bear the brunt of China’s regulatory crackdown, earnings misses

While Hong Kong’s IPO debutants have largely had a poor year, fund managers expect IPOs to deliver better returns next year on improving sentiment.

While Hong Kong’s IPO debutants have largely had a poor year, fund managers expect IPOs to deliver better returns next year on improving sentiment.

20 Dec 2021 - 7:30AM
Chinese property stocks surge as mainland media fans rate-cut speculation and Swiss fund warns of systemic risk

Property stocks jumped in Hong Kong on speculation banks will cut a key lending rate for the first time in 20 months. Swiss fund manager Lombard Odier said what started as an idiosyncratic risk is spinning into a systemic one in the economy.

Property stocks jumped in Hong Kong on speculation banks will cut a key lending rate for the first time in 20 months. Swiss fund manager Lombard Odier said what started as an idiosyncratic risk is spinning into a systemic one in the economy.

16 Dec 2021 - 5:44PM
China’s policy shift to boost economic growth next year puts battered consumer stocks in traders’ focus

Companies that cater to the mass market will probably outperform next year, as the government tries to revive consumer spending, according to CICC and Citic Securities.

Companies that cater to the mass market will probably outperform next year, as the government tries to revive consumer spending, according to CICC and Citic Securities.

13 Dec 2021 - 3:16PM
China stocks climb to three-month high on for outlook for policy support, easier regulations on private companies

Stocks in mainland China reached the highest level since mid-September after policymakers pledged to front-load policy support to stabilise growth next year. Beijing also hinted at easing regulations on private companies.

Stocks in mainland China reached the highest level since mid-September after policymakers pledged to front-load policy support to stabilise growth next year. Beijing also hinted at easing regulations on private companies.

13 Dec 2021 - 4:56PM
Lone bear who predicted Alibaba’s US$220 billion stock crash warns of valuation sinkhole as US delisting risk mounts

Alibaba is fundamentally appealing for dip buyers. Yet its valuation remains a black hole as investors struggle to price an adequate premium for regulatory risks, according to DZ Bank, which correctly predicted the stock crash.

Alibaba is fundamentally appealing for dip buyers. Yet its valuation remains a black hole as investors struggle to price an adequate premium for regulatory risks, according to DZ Bank, which correctly predicted the stock crash.

13 Dec 2021 - 10:30PM
Hong Kong stocks trim weekly gain as Evergrande, Kaisa put US$30 billion of bonds in default while China weakens its currency

Stocks retreated as Evergrande and Kaisa defaulted, putting US$30 billion of offshore bonds at risk of haircuts. China’s central bank weakened the yuan after the currency reached a three-year high this week.

Stocks retreated as Evergrande and Kaisa defaulted, putting US$30 billion of offshore bonds at risk of haircuts. China’s central bank weakened the yuan after the currency reached a three-year high this week.

10 Dec 2021 - 4:44PM
Hang Seng recoups US$128 billion of market value as Alibaba leads three-day advance on China easing bets

Stocks logged a third day of advance after factory-gate prices in mainland China cooled last month from a 26-year high, potentially creating room for more policy easing.

Stocks logged a third day of advance after factory-gate prices in mainland China cooled last month from a 26-year high, potentially creating room for more policy easing.

9 Dec 2021 - 5:06PM
Tech rally loses steam as Alibaba retreats while Twitter-like Weibo flops on Hong Kong trading debut

A rally fuelled by China’s reserve-ratio cut lost steam as Alibaba Group retreated amid concerns the stimulus would not be enough to allay concerns about economic slowdown. Weibo, China’s Twitter, slumped below its IPO price.

A rally fuelled by China’s reserve-ratio cut lost steam as Alibaba Group retreated amid concerns the stimulus would not be enough to allay concerns about economic slowdown. Weibo, China’s Twitter, slumped below its IPO price.

8 Dec 2021 - 5:23PM
China’s biggest liquidity injection in three years not a game changer for BCA while HSBC fund sees muted impact

Investors may need to tread with caution as the biggest liquidity injection from a reserve-ratio cut since October 2018 fired up stocks on Tuesday. Credit growth and investment, key drivers of business cycle, haven’t rebounded decisively.

Investors may need to tread with caution as the biggest liquidity injection from a reserve-ratio cut since October 2018 fired up stocks on Tuesday. Credit growth and investment, key drivers of business cycle, haven’t rebounded decisively.

8 Dec 2021 - 4:26PM