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 and China stocks have relief rebounds as traders wait for key economic data, shrug off latest protest clashes

Tencent Holdings, the Chinese internet giant, gained 2.2 per cent to HK$330.20, snapping a three-day losing streak. It reports third-quarter earnings on Wednesday.

12 Nov 2019 - 5:49PM

Tencent Holdings, the Chinese internet giant, gained 2.2 per cent to HK$330.20, snapping a three-day losing streak. It reports third-quarter earnings on Wednesday.

Hong Kong and China stocks have relief rebounds as traders wait for key economic data, shrug off latest protest clashes
One year on, China’s vision for own Nasdaq-style technology board draws praises and disdain

The meteoric rise and recent stumble of China’s budding technology board in Shanghai has captivated investors since its beginning one year ago, minting billionaires and burning investors in its infancy.

9 Nov 2019 - 12:40PM

The meteoric rise and recent stumble of China’s budding technology board in Shanghai has captivated investors since its beginning one year ago, minting billionaires and burning investors in its infancy.

One year on, China’s vision for own Nasdaq-style technology board draws praises and disdain
Mainland China ‘a key growth market’, Hong Kong firm says as more companies from city flock to Shanghai imports expo

Enthusiasm for the expo among Hong Kong companies suggests businesses in the special administrative region were shifting their focus to the vast mainland Chinese market amid a recession at home.

7 Nov 2019 - 10:49PM

Enthusiasm for the expo among Hong Kong companies suggests businesses in the special administrative region were shifting their focus to the vast mainland Chinese market amid a recession at home.

Mainland China ‘a key growth market’, Hong Kong firm says as more companies from city flock to Shanghai imports expo
Chinese conglomerate Fosun’s pharmaceutical unit to increase spending on innovative drugs, step up generic medication production

Shanghai Fosun Pharmaceutical, a unit of mainland Chinese conglomerate Fosun International, will increase its investment on innovative drugs, and produce more generic drug types to bolster its profit, according to its chairman.

6 Nov 2019 - 10:48PM

Shanghai Fosun Pharmaceutical, a unit of mainland Chinese conglomerate Fosun International, will increase its investment on innovative drugs, and produce more generic drug types to bolster its profit, according to its chairman.

Chinese conglomerate Fosun’s pharmaceutical unit to increase spending on innovative drugs, step up generic medication production
China Life’s profit jumps almost three fold in first nine months on investment gains

Net income for the first three quarters surged to 57.7 billion yuan, China Life said in an exchange statement.

29 Oct 2019 - 9:37PM

Net income for the first three quarters surged to 57.7 billion yuan, China Life said in an exchange statement.

China Life’s profit jumps almost three fold in first nine months on investment gains
China’s blockbuster convertible debt sale draws bids equal to size of Indonesia’s economy as investors seek safer bets

Shanghai Pudong Bank is attracting blockbuster demand from investors for what could be China’s biggest sale of convertible bond offering as investors flock to safer bets amid weaker economic outlook.

29 Oct 2019 - 10:58PM

Shanghai Pudong Bank is attracting blockbuster demand from investors for what could be China’s biggest sale of convertible bond offering as investors flock to safer bets amid weaker economic outlook.

China’s blockbuster convertible debt sale draws bids equal to size of Indonesia’s economy as investors seek safer bets
China’s stocks climb as resilient earnings of Vanke and Hengrui Medicine boost risk appetite

Out of the 300 stocks on the CSI 300 Index of big-caps, 58 have already posted quarterly reports and reported an average of 46 per cent profit growth, according to Bloomberg data. That exceeded the estimates by 3.7 per cent.

25 Oct 2019 - 4:58PM

Out of the 300 stocks on the CSI 300 Index of big-caps, 58 have already posted quarterly reports and reported an average of 46 per cent profit growth, according to Bloomberg data. That exceeded the estimates by 3.7 per cent.

China’s stocks climb as resilient earnings of Vanke and Hengrui Medicine boost risk appetite
Stocks Blog: Investors punish Budweiser APAC over poor results; Tencent slips
Hong Kong stocks rise most in two weeks as bargain hunting buoys up HSBC and other lenders

With no clear signs in sight of how to resolve the anti-government protest that has scared away tourists and forced closures of shops in the former British colony, bargain hunting prevailed.

24 Oct 2019 - 5:17PM

With no clear signs in sight of how to resolve the anti-government protest that has scared away tourists and forced closures of shops in the former British colony, bargain hunting prevailed.

Hong Kong stocks rise most in two weeks as bargain hunting buoys up HSBC and other lenders
Stocks Blog: Tencent falls through key resistance level; bargain hunters boost AAC Technologies

China social media and gaming giant Tencent finished down 0.3 per cent at HK$319 -- below HK$320, which has been a key resistance level for it this year

25 Oct 2019 - 7:53AM

China social media and gaming giant Tencent finished down 0.3 per cent at HK$319 -- below HK$320, which has been a key resistance level for it this year

Stocks Blog: Tencent falls through key resistance level; bargain hunters boost AAC Technologies
Hang Seng Index falls most in two weeks on scepticism over magnitude of new relief package

The decline in Hong Kong’s market was broad-based, with all but five companies on the 50-constituent Hang Seng Index finishing the day lower.

24 Oct 2019 - 1:51PM

The decline in Hong Kong’s market was broad-based, with all but five companies on the 50-constituent Hang Seng Index finishing the day lower.

Hang Seng Index falls most in two weeks on scepticism over magnitude of new relief package
Stocks Blog: Tencent sees biggest fall in two months, weighing down Hang Seng

Snack Empire speculators pull out quickly after huge morning runup in its Hong Kong debut

23 Oct 2019 - 4:47PM

Snack Empire speculators pull out quickly after huge morning runup in its Hong Kong debut

Stocks Blog: Tencent sees biggest fall in two months, weighing down Hang Seng
China stocks rise for a second day as central bank’s liquidity injection boosts small caps

The People’s Bank of China unleashed 250 billion yuan into the financial system through the reverse repurchase agreement in its biggest open market operation since May.

22 Oct 2019 - 6:05PM

The People’s Bank of China unleashed 250 billion yuan into the financial system through the reverse repurchase agreement in its biggest open market operation since May.

China stocks rise for a second day as central bank’s liquidity injection boosts small caps
Stocks Blog: China Resources Land tanks on plan for new shares; China mutual funds bulk up on tech stocks

AAC Technologies, Geely Automobile end as big winners on Hang Seng; Shanghai Composite sees second day of gains, thanks to small technology companies

22 Oct 2019 - 5:12PM

AAC Technologies, Geely Automobile end as big winners on Hang Seng; Shanghai Composite sees second day of gains, thanks to small technology companies

Stocks Blog: China Resources Land tanks on plan for new shares; China mutual funds bulk up on tech stocks
China Life, Citic Bank help benchmark Shanghai Composite Index snap four-day decline

Chinese financial stocks rally after the loan prime rate was kept unchanged this month and China Life forecast a profit jump of as much as 200 per cent

21 Oct 2019 - 5:42PM

Chinese financial stocks rally after the loan prime rate was kept unchanged this month and China Life forecast a profit jump of as much as 200 per cent

China Life, Citic Bank help benchmark Shanghai Composite Index snap four-day decline
Chinese companies’ profit warnings indicate it could be the worst third quarter since 2015 as economic growth slows down

Forty-three per cent of the 1,309 companies that have issued earnings guidance for the third quarter expect a decline in net profit

21 Oct 2019 - 9:30AM

Forty-three per cent of the 1,309 companies that have issued earnings guidance for the third quarter expect a decline in net profit

Chinese companies’ profit warnings indicate it could be the worst third quarter since 2015 as economic growth slows down
Stocks Blog: Xiaomi and Meituan shine as Hang Seng ends flat

Xiaomi's shares jump after the founder of one of the world's largest smartphone makers said on Sunday that Xiaomi will launch 10 models based on the 5G technology.

21 Oct 2019 - 4:36PM

Xiaomi's shares jump after the founder of one of the world's largest smartphone makers said on Sunday that Xiaomi will launch 10 models based on the 5G technology.

 Stocks Blog: Xiaomi and Meituan shine as Hang Seng ends flat
China’s Nasdaq-style Star Market fast losing momentum as stretched valuations, IPO pipeline weigh on investor sentiment

The combined market capitalisation of the 34 companies trading on the Star board has fallen 22 per cent from its peak of 690.2 billion yuan in August.

18 Oct 2019 - 10:49PM

The combined market capitalisation of the 34 companies trading on the Star board has fallen 22 per cent from its peak of 690.2 billion yuan in August.

China’s Nasdaq-style Star Market fast losing momentum as stretched valuations, IPO pipeline weigh on investor sentiment
Kweichow Moutai, world’s most valuable liquor maker, feels impact of China’s slowing economy, but analysts remain bullish

Kweichow Moutai may have reported a slowdown in earnings for three consecutive quarters but that has not stopped brokerages from raising their target price for China’s most favoured stock.

16 Oct 2019 - 10:05PM

Kweichow Moutai may have reported a slowdown in earnings for three consecutive quarters but that has not stopped brokerages from raising their target price for China’s most favoured stock.

Kweichow Moutai, world’s most valuable liquor maker, feels impact of China’s slowing economy, but analysts remain bullish
China’s rising pork prices worsens outlook of Asia’s largest stock market as scope to stimulate economy is reduced

Pork prices surged 69 per cent in September, fuelling consumer inflation and reducing the likelihood of policy easing.

15 Oct 2019 - 6:15PM

Pork prices surged 69 per cent in September, fuelling consumer inflation and reducing the likelihood of policy easing.

China’s rising pork prices worsens outlook of Asia’s largest stock market as scope to stimulate economy is reduced
Want to make money off China stocks? Here are tips from top analysts

The benchmark Shanghai Composite Index has risen 19 per cent this year, but top analysts aren’t seeing this big run continuing.

14 Oct 2019 - 8:10AM

The benchmark Shanghai Composite Index has risen 19 per cent this year, but top analysts aren’t seeing this big run continuing.

Want to make money off China stocks? Here are tips from top analysts
Sportswear maker Li-Ning and other sponsors of Chinese basketball see shares jump as country cuts ties with NBA and Houston Rockets

China has suspended broadcasts of NBA preseason games after Houston Rockets general manager Daryl Morey tweeted his support for Hong Kong protesters

9 Oct 2019 - 10:28PM

China has suspended broadcasts of NBA preseason games after Houston Rockets general manager Daryl Morey tweeted his support for Hong Kong protesters

Sportswear maker Li-Ning and other sponsors of Chinese basketball see shares jump as country cuts ties with NBA and Houston Rockets
China’s stocks regulator bares its teeth, ejecting drugmaker Changsheng from Shenzhen bourse for faking vaccine data

Changsheng Bio-technology, a biopharmaceutical company that rattled China’s drug industry last year by forging data on vaccines, will be delisted from the Shenzhen Stock Exchange.

9 Oct 2019 - 10:16PM

Changsheng Bio-technology, a biopharmaceutical company that rattled China’s drug industry last year by forging data on vaccines, will be delisted from the Shenzhen Stock Exchange.

China’s stocks regulator bares its teeth, ejecting drugmaker Changsheng from Shenzhen bourse for faking vaccine data
Traditional Chinese companies’ shares are a safe bet amid Hong Kong unrest, says Citic Securities

Hong Kong-traded shares of Chinese companies such as ICBC are attractive in valuation and potential dividend payout, says China’s biggest brokerage

8 Oct 2019 - 10:55PM

Hong Kong-traded shares of Chinese companies such as ICBC are attractive in valuation and potential dividend payout, says China’s biggest brokerage

Traditional Chinese companies’ shares are a safe bet amid Hong Kong unrest, says Citic Securities
Hong Kong stocks world’s worst performers in third quarter, as investors lose ‘patience and confidence’ amid protests, trade war

It has been a tumultuous third quarter for Hong Kong stocks, with protests in the city and flare-ups in the US-China trade war weighing on the market. More importantly, a reversal of this downward spiral is unlikely any time soon.

2 Oct 2019 - 8:52AM

It has been a tumultuous third quarter for Hong Kong stocks, with protests in the city and flare-ups in the US-China trade war weighing on the market. More importantly, a reversal of this downward spiral is unlikely any time soon.

Hong Kong stocks world’s worst performers in third quarter, as investors lose ‘patience and confidence’ amid protests, trade war
Strong sales mean yuan depreciation is not a problem for Chinese developers with foreign debts, Moody’s says

Most Chinese developers can withstand a 10 per cent depreciation in the yuan, according to the rating agency

1 Oct 2019 - 10:55PM

Most Chinese developers can withstand a 10 per cent depreciation in the yuan, according to the rating agency

Strong sales mean yuan depreciation is not a problem for Chinese developers with foreign debts, Moody’s says
China’s stock benchmark falls to three-week low as traders sell before weeklong holiday

Investors are selling to steer clear of uncertainty that may pop up in the coming days, said Wu Kan, an investment manager at Soochow Securities.

26 Sep 2019 - 5:16PM

Investors are selling to steer clear of uncertainty that may pop up in the coming days, said Wu Kan, an investment manager at Soochow Securities.

China’s stock benchmark falls to three-week low as traders sell before weeklong holiday
Stocks Blog: Mixed day for equities in Hong Kong and China as developers lead Hang Seng higher

Shanghai Composite Index slips to lowest level since September 2, while ChiNext falls the most in four months

26 Sep 2019 - 4:48PM

Shanghai Composite Index slips to lowest level since September 2, while ChiNext falls the most in four months

Stocks Blog: Mixed day for equities in Hong Kong and China as developers lead Hang Seng higher
A second Chinese stock heads to London exchange as looming Brexit imperils cross-border link with Shanghai

Pacific Insurance’s GDR offering is a boost to the Shanghai-London Stock Connect, a cross-border investment channel that was set up in June to let Chinese investors buy London-listed stocks, and for global traders to access China’s biggest equity market via London.

24 Sep 2019 - 5:30PM

Pacific Insurance’s GDR offering is a boost to the Shanghai-London Stock Connect, a cross-border investment channel that was set up in June to let Chinese investors buy London-listed stocks, and for global traders to access China’s biggest equity market via London.

A second Chinese stock heads to London exchange as looming Brexit imperils cross-border link with Shanghai
Li Ka-shing files bankruptcy petition against Chinese electric carmaker chief after HK$341.8 million investment stalls

Hong Kong billionaire Li Ka-shing, known for his prescient and successful investments in industries ranging from property to infrastructure, has hit a speed bump as far as his foray into the electric-vehicle sector is concerned.

23 Sep 2019 - 11:32PM

Hong Kong billionaire Li Ka-shing, known for his prescient and successful investments in industries ranging from property to infrastructure, has hit a speed bump as far as his foray into the electric-vehicle sector is concerned.

Li Ka-shing files bankruptcy petition against Chinese electric carmaker chief after HK$341.8 million investment stalls