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

Tsim Sha Tsui now Hong Kong’s most expensive retail area, with Causeway Bay luxury sales hit

Kowloon peninsula’s Tsim Sha Tsui is now Hong Kong’s most expensive retail area for the first time. Causeway Bay has been hit harder by sluggish luxury sales.

1 hour ago

Kowloon peninsula’s Tsim Sha Tsui is now Hong Kong’s most expensive retail area for the first time. Causeway Bay has been hit harder by sluggish luxury sales.

Tsim Sha Tsui now Hong Kong’s most expensive retail area, with Causeway Bay luxury sales hit
It pays to have China exposure, even during two years of the trade war, MSCI index shows

US chip makers have led the gains on an equity index tracking the biggest global companies that derive a big chunk of their revenue from China since 2018, when the trade war between Washington and Beijing first flared up.

8 Jul 2020 - 11:13PM

US chip makers have led the gains on an equity index tracking the biggest global companies that derive a big chunk of their revenue from China since 2018, when the trade war between Washington and Beijing first flared up.

It pays to have China exposure, even during two years of the trade war, MSCI index shows
Overseas investors snap up Chinese shares so fast, they are hitting foreign ownership caps on stocks such as home appliances maker Midea

Foreign appetite for Chinese stocks has been increasing so fast that cross-border trading in a number of companies through the Stock Connect schemes linking the mainland Chinese and Hong Kong markets has either been suspended, or will be suspended soon, as limits on overseas ownership are reached.

7 Jul 2020 - 7:59PM

Foreign appetite for Chinese stocks has been increasing so fast that cross-border trading in a number of companies through the Stock Connect schemes linking the mainland Chinese and Hong Kong markets has either been suspended, or will be suspended soon, as limits on overseas ownership are reached.

Overseas investors snap up Chinese shares so fast, they are hitting foreign ownership caps on stocks such as home appliances maker Midea
Bull market momentum builds up in China stocks as benchmark and turnover surge to multi-year highs

Shanghai Composite Index rises 5.7 per cent to a five-year high, while combined daily turnover on Shanghai and Shenzhen bourses hit a five-year high of US$213.2 billion

6 Jul 2020 - 6:29PM

Shanghai Composite Index rises 5.7 per cent to a five-year high, while combined daily turnover on Shanghai and Shenzhen bourses hit a five-year high of US$213.2 billion

Bull market momentum builds up in China stocks as benchmark and turnover surge to multi-year highs
HKEX kicks off trading of first tranche of 10 MSCI futures contracts tracking stock markets from Australia to Japan

Hong Kong stock exchange launched the trading of the futures contracts denominated in US dollars as part of a licensing deal for 37 such derivatives signed in May.

6 Jul 2020 - 10:36PM

Hong Kong stock exchange launched the trading of the futures contracts denominated in US dollars as part of a licensing deal for 37 such derivatives signed in May.

HKEX kicks off trading of first tranche of 10 MSCI futures contracts tracking stock markets from Australia to Japan
After-coronavirus stocks are red hot again as resurgence of epidemic and Hong Kong unrest spurs haven demand

Even after big recent gains, new economy stocks are still expected to climb. Tencent had its share-price estimate raised to HK$592 by Jefferies Group last week because of the impending launch of a slew of blockbuster mobile games.

6 Jul 2020 - 7:25AM

Even after big recent gains, new economy stocks are still expected to climb. Tencent had its share-price estimate raised to HK$592 by Jefferies Group last week because of the impending launch of a slew of blockbuster mobile games.

After-coronavirus stocks are red hot again as resurgence of epidemic and Hong Kong unrest spurs haven demand
Chinese brokerages hammered in Hong Kong on media report banks to get broker licences

Chinese stock brokerages bear the brunt of a sell-off in Hong Kong and Shanghai on speculation onshore commercial banks will get new licences to compete with them.

29 Jun 2020 - 4:29PM

Chinese stock brokerages bear the brunt of a sell-off in Hong Kong and Shanghai on speculation onshore commercial banks will get new licences to compete with them.

Chinese brokerages hammered in Hong Kong on media report banks to get broker licences
China-US hostility to benefit Hong Kong investors as stock benchmark is set to decouple from old economy

Gaming company NetEase and JD.com, China’s second-largest e-commerce platform, have spearheaded the expected stampede of US-listed Chinese companies by debuting in Hong Kong this month.

22 Jun 2020 - 7:56AM

Gaming company NetEase and JD.com, China’s second-largest e-commerce platform, have spearheaded the expected stampede of US-listed Chinese companies by debuting in Hong Kong this month.

China-US hostility to benefit Hong Kong investors as stock benchmark is set to decouple from old economy
Geely Auto’s shares soar by the most in two months in Hong Kong after announcing plan to raise funds in Shanghai’s Star Market

Geely is one of the Chinese companies trading on the offshore markets adding home listings after policymakers started the Star Market in July to initiate a slew of reform measures.

18 Jun 2020 - 8:30PM

Geely is one of the Chinese companies trading on the offshore markets adding home listings after policymakers started the Star Market in July to initiate a slew of reform measures.

Geely Auto’s shares soar by the most in two months in Hong Kong after announcing plan to raise funds in Shanghai’s Star Market
ChiNext extends run-up as China deepens reforms of IPO registration system and wider trading band

The ChiNext overhaul highlights further market-based reforms of China’s three-decade-old capital market, as the regulator extends the trials on the Shanghai Science and Technology Innovation Board, or the Star Market, after its initial success.

16 Jun 2020 - 4:10PM

The ChiNext overhaul highlights further market-based reforms of China’s three-decade-old capital market, as the regulator extends the trials on the Shanghai Science and Technology Innovation Board, or the Star Market, after its initial success.

ChiNext extends run-up as China deepens reforms of IPO registration system and wider trading band
Investor search for scarcity sends Wangfujing shares sky high as retailer wins duty-free franchise

The state-owned Beijing department store operator won a franchise licence from the finance ministry to start duty-free businesses. It was the first such licence granted by the Chinese government in almost four decades.

12 Jun 2020 - 4:39PM

The state-owned Beijing department store operator won a franchise licence from the finance ministry to start duty-free businesses. It was the first such licence granted by the Chinese government in almost four decades.

Investor search for scarcity sends Wangfujing shares sky high as retailer wins duty-free franchise
Hong Kong’s key stock index claws back some of its earlier losses after a short hiatus, as global equity rally regains pace

The Hang Seng Index and the Shanghai Composite Index fell for three straight sessions as traders sold stocks to pocket some of the gains made earlier in the week.

12 Jun 2020 - 7:19PM

The Hang Seng Index and the Shanghai Composite Index fell for three straight sessions as traders sold stocks to pocket some of the gains made earlier in the week.

Hong Kong’s key stock index claws back some of its earlier losses after a short hiatus, as global equity rally regains pace
NetEase jumps as much as 10 per cent on first day of trading after completing secondary offering in Hong Kong

NetEase jumped 6 per cent at the close. That compared with the first-day gain of 6.6 per cent for Alibaba Group Holding, parent of the South China Morning Post, that completed its secondary offering in the city in November.

11 Jun 2020 - 10:54PM

NetEase jumped 6 per cent at the close. That compared with the first-day gain of 6.6 per cent for Alibaba Group Holding, parent of the South China Morning Post, that completed its secondary offering in the city in November.

NetEase jumps as much as 10 per cent on first day of trading after completing secondary offering in Hong Kong
NetEase gets a lot of love from investors, as shares are oversold by 360 times in Hong Kong secondary listing

NetEase is the second major US-listed technology company after Alibaba to raise funds in Hong Kong as US politicians increasingly demand to fence off Wall Street amid rising US-China tensions.

10 Jun 2020 - 10:39PM

NetEase is the second major US-listed technology company after Alibaba to raise funds in Hong Kong as US politicians increasingly demand to fence off Wall Street amid rising US-China tensions.

NetEase gets a lot of love from investors, as shares are oversold by 360 times in Hong Kong secondary listing
Hang Seng Index snaps longest rising stretch in 14 months; Cathay Pacific shares erase gain spurred by rescue plan

The Hang Seng Index snapped its longest winning run in 14 month as Cathay Pacific flipped into a loss after unveiling a US$5.03 billion rescue plan and HKEX rose to a record before the listing of NetEase.

10 Jun 2020 - 4:43PM

The Hang Seng Index snapped its longest winning run in 14 month as Cathay Pacific flipped into a loss after unveiling a US$5.03 billion rescue plan and HKEX rose to a record before the listing of NetEase.

Hang Seng Index snaps longest rising stretch in 14 months; Cathay Pacific shares erase gain spurred by rescue plan
Hong Kong’s Hang Seng Index completes longest winning streak in 14 months on recovery optimism

“Risk assets are enjoying strong momentum now – this could persist for some weeks,” said Tai Hui, a strategist at JPMorgan Asset Management in Hong Kong.

9 Jun 2020 - 7:16PM

“Risk assets are enjoying strong momentum now – this could persist for some weeks,” said Tai Hui, a strategist at JPMorgan Asset Management in Hong Kong.

Hong Kong’s Hang Seng Index completes longest winning streak in 14 months on recovery optimism
Hang Seng Index rally fades as weak print on Chinese exports saps recovery optimism

Hong Kong stocks surrender most of their gains as concerns about China’s weak exports hurt recovery optimism.

8 Jun 2020 - 5:07PM

Hong Kong stocks surrender most of their gains as concerns about China’s weak exports hurt recovery optimism.

Hang Seng Index rally fades as weak print on Chinese exports saps recovery optimism
As Kweichow Moutai’s huge run-up leaves investors giddy, sobering signs suggest the party could be coming to an end

US research firm Morningstar says Kweichow Moutai shares are fairly valued at 940 yuan. On Friday, the Chinese liquor maker closed at 1,425 yuan – more than 50 per cent higher than that estimation.

8 Jun 2020 - 7:08AM

US research firm Morningstar says Kweichow Moutai shares are fairly valued at 940 yuan. On Friday, the Chinese liquor maker closed at 1,425 yuan – more than 50 per cent higher than that estimation.

As Kweichow Moutai’s huge run-up leaves investors giddy, sobering signs suggest the party could be coming to an end
Hong Kong homebuyers show up for third weekend sale in a row, shrugging aside Trump’s threat amid rising US-China tension

The mixed results underscore how Hong Kong’s previous residential property bull run has given way to a buyers’ market, as investors now get to have the pick of the best locations with the biggest discounts in an economy mired in its worst recession o record.

6 Jun 2020 - 11:04PM

The mixed results underscore how Hong Kong’s previous residential property bull run has given way to a buyers’ market, as investors now get to have the pick of the best locations with the biggest discounts in an economy mired in its worst recession o record.

Hong Kong homebuyers show up for third weekend sale in a row, shrugging aside Trump’s threat amid rising US-China tension
HKEX extends lead over LSE as world’s third-most valuable bourse operator as US-China spat boosts Hong Kong listings

The rising tension has driven up HKEX’s share price, firming up its lead over the London Stock Exchange in terms of market cap, as more Chinese companies are likely to choose Hong Kong for secondary listings.

2 Jun 2020 - 10:44PM

The rising tension has driven up HKEX’s share price, firming up its lead over the London Stock Exchange in terms of market cap, as more Chinese companies are likely to choose Hong Kong for secondary listings.

HKEX extends lead over LSE as world’s third-most valuable bourse operator as US-China spat boosts Hong Kong listings
Mainland traders ride on high risk appetite to snap up Hong Kong stocks at unprecedented pace

Chinese investors have spent US$35.7 billion buying Hong Kong shares this year through the Stock Connect programme, the most in the same period since 2016.

2 Jun 2020 - 6:18PM

Chinese investors have spent US$35.7 billion buying Hong Kong shares this year through the Stock Connect programme, the most in the same period since 2016.

Mainland traders ride on high risk appetite to snap up Hong Kong stocks at unprecedented pace
Shenzhen raises supply of new homes as China’s tech hub moves to curb surging house prices

The technology hub’s government plans to put 69,350 new flats up for sale by the end of the year, compared with the 50,434 that are currently being marketed

31 May 2020 - 10:33PM

The technology hub’s government plans to put 69,350 new flats up for sale by the end of the year, compared with the 50,434 that are currently being marketed

Shenzhen raises supply of new homes as China’s tech hub moves to curb surging house prices
Hong Kong stocks end May as worst performer in Asia as Trump signals new policies in response to Beijing power grab

Hong Kong stocks slip, completing a fourth monthly loss this year, as President Trump prepares new policies after China proceeded with a controversial security law for the city. Investors await reprisal from both sides.

29 May 2020 - 4:54PM

Hong Kong stocks slip, completing a fourth monthly loss this year, as President Trump prepares new policies after China proceeded with a controversial security law for the city. Investors await reprisal from both sides.

Hong Kong stocks end May as worst performer in Asia as Trump signals new policies in response to Beijing power grab
Hong Kong stock in torment as mainland traders exit, Beijing endorses national security law

Hang Seng Index falls for a second day with investors troubled by rising US-China hostility. Beijing votes for a new security law for Hong Kong amid the risk of new US sanctions.

28 May 2020 - 5:09PM

Hang Seng Index falls for a second day with investors troubled by rising US-China hostility. Beijing votes for a new security law for Hong Kong amid the risk of new US sanctions.

Hong Kong stock in torment as mainland traders exit, Beijing endorses national security law
Hong Kong stocks end lower amid protests and rising US-China tensions over proposed national security law

Hang Seng Index eases 0.4 per cent after US President Donald Trump said that he would soon take action against Beijing’s proposed security law for Hong Kong.

27 May 2020 - 4:43PM

Hang Seng Index eases 0.4 per cent after US President Donald Trump said that he would soon take action against Beijing’s proposed security law for Hong Kong.

Hong Kong stocks end lower amid protests and rising US-China tensions over proposed national security law
Hang Seng Index caps best gain in a week, regional markets rally as pandemic easing measures fuel recovery hopes

Hong Kong stocks climb as efforts to ease restrictions caused by the coronavirus pandemic fuel economic recovery hopes across the region. Meituan Dianping hits the highest level since its debut.

26 May 2020 - 4:55PM

Hong Kong stocks climb as efforts to ease restrictions caused by the coronavirus pandemic fuel economic recovery hopes across the region. Meituan Dianping hits the highest level since its debut.

Hang Seng Index caps best gain in a week, regional markets rally as pandemic easing measures fuel recovery hopes
Hang Seng Index rebounds from rout as proposed security law roils sentiment, HKEX surges on Chinese IPO outlook

Hang Seng Index ekes out a small gain after losing as much as 1.8 per cent in a market roiled by rising political temperatures. HKEX surges by the most in 18 months on improving IPO outlook.

25 May 2020 - 5:37PM

Hang Seng Index ekes out a small gain after losing as much as 1.8 per cent in a market roiled by rising political temperatures. HKEX surges by the most in 18 months on improving IPO outlook.

Hang Seng Index rebounds from rout as proposed security law roils sentiment, HKEX surges on Chinese IPO outlook
After catastrophic slump, China’s travel revival ignites airport stocks, duty-free operators on turnaround bets

The potent rebound in Chinese airport operators is captivating investors and analysts who are betting on a quick turnaround from the catastrophic shutdown of the aviation industry this year.

25 May 2020 - 7:38AM

The potent rebound in Chinese airport operators is captivating investors and analysts who are betting on a quick turnaround from the catastrophic shutdown of the aviation industry this year.

After catastrophic slump, China’s travel revival ignites airport stocks, duty-free operators on turnaround bets
Hang Seng Index falls furthest in five years, with banks and builders leading losses, as Beijing moves to tighten grip on city

The Hang Seng Index capped the biggest decline in almost five years as China’s legislature is set to vote on a security law that will increase Beijing’s control over Hong Kong

22 May 2020 - 7:29PM

The Hang Seng Index capped the biggest decline in almost five years as China’s legislature is set to vote on a security law that will increase Beijing’s control over Hong Kong

Hang Seng Index falls furthest in five years, with banks and builders leading losses, as Beijing moves to tighten grip on city
China to revive IPOs in London to hedge against Wall St’s growing hostility, amid options aplenty for capital-hungry firms

China will push ahead with listings of domestic companies in London, as its seeks to move away from the US as a major source of overseas fundraising amid an escalation in tensions between the world’s two largest economies.

19 May 2020 - 10:59PM

China will push ahead with listings of domestic companies in London, as its seeks to move away from the US as a major source of overseas fundraising amid an escalation in tensions between the world’s two largest economies.

China to revive IPOs in London to hedge against Wall St’s growing hostility, amid options aplenty for capital-hungry firms