Zhang Shidong

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.
Zhang Shidong
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.

Latest from Zhang Shidong

Hong Kong stocks drop most in three weeks, weighed down by protests, weak China data

China’s August economic data added to fragile sentiment. Industrial output, retail sales and fixed-asset investment all trailed analysts’ projections.

16 Sep 2019 - 5:05PM

China’s August economic data added to fragile sentiment. Industrial output, retail sales and fixed-asset investment all trailed analysts’ projections.

Hong Kong stocks drop most in three weeks, weighed down by protests, weak China data
Stocks Blog: China oil stocks surge after drone attacks on Saudi facilities; MTR falls again after latest protester attacks at stations

Cathay Pacific suffers worst tumble in a month as drone attack on Saudi oil facilities adds to Hong Kong flagship carrier's problems.  

16 Sep 2019 - 5:22PM

Cathay Pacific suffers worst tumble in a month as drone attack on Saudi oil facilities adds to Hong Kong flagship carrier's problems.  

Stocks Blog: China oil stocks surge after drone attacks on Saudi facilities; MTR falls again after latest protester attacks at stations
Here’s why big investing firms are steering clear of China’s expensive, underperforming new-energy car sector

As a whole, EV makers are way overpriced, have delivered losses to shareholders in a year the Shanghai Composite Index is up 21.5 per cent, and face tougher competition from combustion-engine rivals.

16 Sep 2019 - 7:45AM

As a whole, EV makers are way overpriced, have delivered losses to shareholders in a year the Shanghai Composite Index is up 21.5 per cent, and face tougher competition from combustion-engine rivals.

Here’s why big investing firms are steering clear of China’s expensive, underperforming new-energy car sector
Trump’s China tariffs find scant support in the market where they do business: AmCham survey

Some 75 per cent of US firms are opposed to the use of tariffs to resolve the trade dispute, compared with 69 per cent last year, according to a survey by the American Chamber of Commerce in Shanghai.

11 Sep 2019 - 10:56PM

Some 75 per cent of US firms are opposed to the use of tariffs to resolve the trade dispute, compared with 69 per cent last year, according to a survey by the American Chamber of Commerce in Shanghai.

Trump’s China tariffs find scant support in the market where they do business: AmCham survey
China scraps QFII and RQFII investments quota to allow unrestricted access to world’s second-largest capital market

The removal of the first quota, 17 years after the QFII programme was set up to allow a gradual, regulated opening of China’s equities, removes one of the major vestiges of China’s closed capital markets.

10 Sep 2019 - 11:03PM

The removal of the first quota, 17 years after the QFII programme was set up to allow a gradual, regulated opening of China’s equities, removes one of the major vestiges of China’s closed capital markets.

China scraps QFII and RQFII investments quota to allow unrestricted access to world’s second-largest capital market
Index compiler MSCI buys Zurich-based climate research firm to evaluate global-warming risks for investors

MSCI is buying Zurich-based climate analytics firm and will unveil a new metric to help investors understand the impact of climate change on their investments

9 Sep 2019 - 10:50PM

MSCI is buying Zurich-based climate analytics firm and will unveil a new metric to help investors understand the impact of climate change on their investments

Index compiler MSCI buys  Zurich-based climate research firm to evaluate global-warming risks for investors
Upside in the world’s top-performing stock index puts it on path to break this year’s high as China turns on the liquidity taps

China’s financial markets are cheering, after the People’s Bank of China on Friday cut the money that banks must set aside and released an estimated 900 billion yuan of funds into the financial system.

9 Sep 2019 - 10:50PM

China’s financial markets are cheering, after the People’s Bank of China on Friday cut the money that banks must set aside and released an estimated 900 billion yuan of funds into the financial system.

Upside in the world’s top-performing stock index puts it on path to break this year’s high as China turns on the liquidity taps
China and Hong Kong stocks post best weekly gain in two months on trade, policy optimism

Benchmarks in China and Hong Kong rose at least 3.8 per cent for the week

6 Sep 2019 - 5:44PM

Benchmarks in China and Hong Kong rose at least 3.8 per cent for the week

China and Hong Kong stocks post best weekly gain in two months on trade, policy optimism
Stocks Blog: Shanghai, Hang Seng post best weekly performances in two months

Fitch downgrades Hong Kong's credit worthiness amid protests

6 Sep 2019 - 4:52PM

Fitch downgrades Hong Kong's credit worthiness amid protests

Stocks Blog: Shanghai, Hang Seng  post best weekly performances in two months
Chinese companies report slowed second-quarter profit growth as weaker economy, US-China trade war bite into earnings

Publicly traded Chinese companies reported slowed earnings growth in the second quarter, as moderation in economic expansion and a flare up in the US-China trade war bit into profits.

5 Sep 2019 - 10:58PM

Publicly traded Chinese companies reported slowed earnings growth in the second quarter, as moderation in economic expansion and a flare up in the US-China trade war bit into profits.

Chinese companies report slowed second-quarter profit growth as weaker economy, US-China trade war bite into earnings
Smartphone giant Xiaomi to spend US$1.5 billion in biggest shares buy-back of the year as it joins Li Ka-shing in growing wave of repurchases

Hong Kong-listed companies have spent at least HK$478 million buying back their own shares as the city’s worst civic unrest in decades batters stocks

3 Sep 2019 - 10:59PM

Hong Kong-listed companies have spent at least HK$478 million buying back their own shares as the city’s worst civic unrest in decades batters stocks

Smartphone giant Xiaomi to spend US$1.5 billion in biggest shares buy-back of the year as it joins Li Ka-shing in growing wave of repurchases
Chinese sportswear maker Li Ning’s shares jump to nine-year high as former Uniqlo executive Kosaka Takeshi appointed joint CEO

Li Ning’s share price shot up after the announcement that Kosaka Takeshi had joined from the Japanese clothing retailer

2 Sep 2019 - 9:06PM

Li Ning’s share price shot up after the announcement that Kosaka Takeshi had joined from the Japanese clothing retailer

Chinese sportswear maker Li Ning’s shares jump to nine-year high as former Uniqlo executive Kosaka Takeshi appointed joint CEO
Founder of Shanghai investment firm Zendai Group surrenders to police after P2P lending units default on payments

Dai Zhikang, the founder of Zendai Group, a Shanghai-based closely held investment firm, has surrendered himself in connection with a scam linked to peer-to-peer lending, police said over the weekend.

2 Sep 2019 - 2:43PM

Dai Zhikang, the founder of Zendai Group, a Shanghai-based closely held investment firm, has surrendered himself in connection with a scam linked to peer-to-peer lending, police said over the weekend.

Founder of Shanghai investment firm Zendai Group surrenders to police after P2P lending units default on payments
Chinese investors buy the dips even as Hang Seng Index ends August as world’s worst performer

Mainland traders inject US$8.9 billion into Hong Kong stocks even as Hang Seng Index’s 7.4 per cent plunge makes it the world’s worst performing market.

30 Aug 2019 - 10:42PM

Mainland traders inject US$8.9 billion into Hong Kong stocks even as Hang Seng Index’s 7.4 per cent plunge makes it the world’s worst performing market.

Chinese investors buy the dips even as Hang Seng Index ends August as world’s worst performer
Beaten down car stocks to rev up as Chinese policymakers take steps to boost dwindling sales

With relief in sight from the Chinese government to boost car buying, depressed auto stocks present a decent buying opportunity, say analysts.

29 Aug 2019 - 10:22PM

With relief in sight from the Chinese government to boost car buying, depressed auto stocks present a decent buying opportunity, say analysts.

Beaten down car stocks to rev up as Chinese policymakers take steps to boost dwindling sales
Fiery liquor maker Wuliangye rises to record after Citic Securities raises price target

Citic Securities set a share-price estimate of 156 yuan for Wuliangye, the nation’s second-biggest liquor producer after Kweichow Moutai in market value

28 Aug 2019 - 10:49PM

Citic Securities set a share-price estimate of 156 yuan for Wuliangye, the nation’s second-biggest liquor producer after Kweichow Moutai in market value

Fiery liquor maker Wuliangye rises to record after Citic Securities raises price target
Chinese investors get used to Trump’s trade war as benchmark falls the least in Asia

“Chinese investors are getting used to the ongoing noise on the trade front,” said Gerry Alfonso, director of the international business department of Shenwan Hongyuan Group in Shanghai.

26 Aug 2019 - 4:38PM

“Chinese investors are getting used to the ongoing noise on the trade front,” said Gerry Alfonso, director of the international business department of Shenwan Hongyuan Group in Shanghai.

Chinese investors get used to Trump’s trade war as benchmark falls the least in Asia
What bargains? China’s cheapest stocks are valuation trap as banks lose margin protection

China’s move to set lending rates in reference to borrowing costs on the money market will narrow banks’ net interest margins, investors and analysts say.

25 Aug 2019 - 10:45PM

China’s move to set lending rates in reference to borrowing costs on the money market will narrow banks’ net interest margins, investors and analysts say.

What bargains? China’s cheapest stocks are valuation trap as banks lose margin protection
China’s securities regulator slaps fine on four people for making up, distributing fake news about short-selling

The case is the latest in a crackdown by the CSRC against false information, as China’s financial authorities try to instil greater discipline over Asia’s largest capital market.

20 Aug 2019 - 3:02PM

The case is the latest in a crackdown by the CSRC against false information, as China’s financial authorities try to instil greater discipline over Asia’s largest capital market.

China’s securities regulator slaps fine on four people for making up, distributing fake news about short-selling
Chinese small-caps surge most in seven weeks on lending rate reform, Shenzhen revitalisation plan

Smaller companies in Shenzhen have gained the most in seven weeks on optimism a new market-based method of pricing loans will lower corporate funding costs, and after Beijing rolled out a plan for bolder reforms in the city.

19 Aug 2019 - 10:58PM

Smaller companies in Shenzhen have gained the most in seven weeks on optimism a new market-based method of pricing loans will lower corporate funding costs, and after Beijing rolled out a plan for bolder reforms in the city.

Chinese small-caps surge most in seven weeks on lending rate reform, Shenzhen revitalisation plan
China’s investors are piling into Hong Kong shares via Stock Connect channel in the longest shopping spree in 18 months
Shares of Chinese pig-breeder New Hope expected to keep fattening up even after stock has more than doubled this year

Shares of New Hope Liuhe have soared 151 per cent this year, but analysts bet it will go up another 30 per cent in the next 12 months.

14 Aug 2019 - 5:06PM

Shares of New Hope Liuhe have soared 151 per cent this year, but analysts bet it will go up another 30 per cent in the next 12 months.

Shares of Chinese pig-breeder New Hope expected to keep fattening up even after stock has more than doubled this year
Shanghai-based Zendai closes two P2P units worth US$1.4 billion as Beijing intensifies crackdown

The P2P platforms operated by the private investment company employed 5,000 and operated 135 outlets across the mainland.

13 Aug 2019 - 11:34PM

The P2P platforms operated by the private investment company employed 5,000 and operated 135 outlets across the mainland.

Shanghai-based Zendai closes two P2P units worth US$1.4 billion as Beijing intensifies crackdown
Peugeot-Citroen and its partner Dongfeng will halve their workforce, slash production capacity as China car sales plunge

The scaleback is a dramatic reversal in the industry after three decades of breakneck growth, which attracted every carmaker on the planet to pour billions of dollars into China, investments that catapulted the nation of millions of bicycles into the largest market for vehicles within a generation.

12 Aug 2019 - 11:09PM

The scaleback is a dramatic reversal in the industry after three decades of breakneck growth, which attracted every carmaker on the planet to pour billions of dollars into China, investments that catapulted the nation of millions of bicycles into the largest market for vehicles within a generation.

Peugeot-Citroen and its partner Dongfeng will halve their workforce, slash production capacity as China car sales plunge
Kweichow Moutai shares rise after world’s most valuable distiller allays investor concerns, limits dealings with affiliates

Shares in Kweichow Moutai, the world’s most valuable liquor distiller, rose by as much as 6 per cent to 1,020.10 yuan (US$144.4) on Monday, following an announcement that it would cap the amount of the fiery liquor it sells to affiliates this year.

12 Aug 2019 - 10:39PM

Shares in Kweichow Moutai, the world’s most valuable liquor distiller, rose by as much as 6 per cent to 1,020.10 yuan (US$144.4) on Monday, following an announcement that it would cap the amount of the fiery liquor it sells to affiliates this year.

Kweichow Moutai shares rise after world’s most valuable distiller allays investor concerns, limits dealings with affiliates
Shanghai stocks post biggest weekly drop in three months as ZTE and telecom makers tumble
Stocks blog: Shanghai Composite posts biggest weekly loss in three months

Trade tensions have reappeared overnight, in US trading hours, and could determine the direction Asian equities take on Friday.

9 Aug 2019 - 4:25PM

Trade tensions have reappeared overnight, in US trading hours, and could determine the direction Asian equities take on Friday.

Stocks blog: Shanghai Composite posts biggest weekly loss in three months
Chinese stocks buoyed by better-than-expected exports data, Ping An Bank earnings, record first rise in seven days

Chinese stocks rose for the first time in seven days, as better-than-expected exports data and strong results by Ping An Bank provided some relief to investors, suggesting the fallout from the US-China trade war might not be as bad as anticipated.

8 Aug 2019 - 5:08PM

Chinese stocks rose for the first time in seven days, as better-than-expected exports data and strong results by Ping An Bank provided some relief to investors, suggesting the fallout from the US-China trade war might not be as bad as anticipated.

Chinese stocks buoyed by better-than-expected exports data, Ping An Bank earnings, record first rise in seven days
Stocks blog: Chinese stocks end losing streak, Hong Kong shares rise for second day

The Shanghai Composite Index added 0.9 per cent to 2,794.55 at the close, snapping a six-day, 6.2 per cent losing streak that sent the gauge to a five-month low. In Hong Kong, the Hang Seng Index rose 0.5 per cent to 26,120.77 at the close on Thursday.

8 Aug 2019 - 4:29PM

The Shanghai Composite Index added 0.9 per cent to 2,794.55 at the close, snapping a six-day, 6.2 per cent losing streak that sent the gauge to a five-month low. In Hong Kong, the Hang Seng Index rose 0.5 per cent to 26,120.77 at the close on Thursday.

Stocks blog: Chinese stocks end losing streak, Hong Kong shares rise for second day
China’s stocks endure longest losing stretch in two months as trade war dims growth prospect

Mainland shares fall ahead of MSCI’s announcement to increase the weighting of Chinese stocks in its benchmark gauges and release of July trade data.

7 Aug 2019 - 6:10PM

Mainland shares fall ahead of MSCI’s announcement to increase the weighting of Chinese stocks in its benchmark gauges and release of July trade data.

China’s stocks endure longest losing stretch in two months as trade war dims growth prospect