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

China stock alarm bells rebuffed as JPMorgan, BlackRock stay upbeat, market barometers remain a distance from 2015 crash triggers

After a 61 per cent rally from the depths of the Covid-19 pandemic, talk of bubbles among China stock bears is emerging before the Year of the Ox kicks in next month.

18 Jan 2021 - 11:37AM

After a 61 per cent rally from the depths of the Covid-19 pandemic, talk of bubbles among China stock bears is emerging before the Year of the Ox kicks in next month.

China stock alarm bells rebuffed as JPMorgan, BlackRock stay upbeat, market barometers remain a distance from 2015 crash triggers
Hang Seng Index tops pre-pandemic high on Alibaba, Tencent, CNOOC rally while China stocks slump by most in four months

Alibaba, Tencent and other sanctioned Chinese stocks powered a rally in Hong Kong markets, lifting the Hang Seng Index above the level before the Covid-19 pandemic. Mainland stocks extended a slump from the highest level in 12 years.

14 Jan 2021 - 5:34PM

Alibaba, Tencent and other sanctioned Chinese stocks powered a rally in Hong Kong markets, lifting the Hang Seng Index above the level before the Covid-19 pandemic. Mainland stocks extended a slump from the highest level in 12 years.

Hang Seng Index tops pre-pandemic high on Alibaba, Tencent, CNOOC rally while China stocks slump by most in four months
Hang Seng Index retreats after attempt to erase stock losses triggered by Covid-19, Wuhan lockdown

The Hang Seng Index failed to sustain a climb above the level on January 22 last year, a day before the Wuhan lockdown, despite big purchases by mainland Chinese traders. Valuation remains cheaper than peers in major equity markets.

13 Jan 2021 - 5:30PM

The Hang Seng Index failed to sustain a climb above the level on January 22 last year, a day before the Wuhan lockdown, despite big purchases by mainland Chinese traders. Valuation remains cheaper than peers in major equity markets.

Hang Seng Index retreats after attempt to erase stock losses triggered by Covid-19, Wuhan lockdown
Kweichow Moutai surpasses Shenzhen economy as meteoric rise sparks bubble concerns in China’s stock market

The liquor distiller surpassed lender ICBC by market value in 2020 and should become more than valuable than Shenzhen’s economy in 2021, based on some of the bullish targets among analysts covering the stock.

12 Jan 2021 - 10:47PM

The liquor distiller surpassed lender ICBC by market value in 2020 and should become more than valuable than Shenzhen’s economy in 2021, based on some of the bullish targets among analysts covering the stock.

Kweichow Moutai surpasses Shenzhen economy as meteoric rise sparks bubble concerns in China’s stock market
Hang Seng Index jumps as record mainland funds support sanctioned stocks and market recoups most of losses since Wuhan lockdown

Hong Kong stocks rose after mainland traders piled into the local bourse to support sanctioned stocks. Hang Seng Index members remain cheaper than peers in the US and Europe even after a strong start to 2021.

12 Jan 2021 - 5:39PM

Hong Kong stocks rose after mainland traders piled into the local bourse to support sanctioned stocks. Hang Seng Index members remain cheaper than peers in the US and Europe even after a strong start to 2021.

Hang Seng Index jumps as record mainland funds support sanctioned stocks and market recoups most of losses since Wuhan lockdown
China launches hog futures on Dalian exchange after African swine fever triggers wild swings in pork prices, inflation

The launch is a culmination of two decades of planning, a milestone for the industry that influences a large component of the nation’s consumer-price index. Futures on three forward delivery dates slumped on debut.

8 Jan 2021 - 10:53PM

The launch is a culmination of two decades of planning, a milestone for the industry that influences a large component of the nation’s consumer-price index. Futures on three forward delivery dates slumped on debut.

China launches hog futures on Dalian exchange after African swine fever triggers wild swings in pork prices, inflation
US investors holding US$1 trillion of Chinese stocks in a spot of bother as Trump’s investment ban nears

US investors holding a combined US$1 trillion of Chinese stocks may be forced to trim their portfolios after Trump endorses orders to curb investments.

8 Jan 2021 - 7:41AM

US investors holding a combined US$1 trillion of Chinese stocks may be forced to trim their portfolios after Trump endorses orders to curb investments.

US investors holding US$1 trillion of Chinese stocks in a spot of bother as Trump’s investment ban nears
China’s fund manager who made 134 per cent in 2020 sees major risk from rally in red-hot stocks

China’s top fund manager warns against chasing the rally in the nation’s red-hot stocks as the richest valuations since July 2015 put them at risk of a sell-off.

6 Jan 2021 - 9:37PM

China’s top fund manager warns against chasing the rally in the nation’s red-hot stocks as the richest valuations since July 2015 put them at risk of a sell-off.

China’s fund manager who made 134 per cent in 2020 sees major risk from rally in red-hot stocks
Hong Kong’s stock exchange operator HKEX topples Chicago’s CME as world’s most valuable as US-China rift brings in more listings

Hong Kong’s stock exchange operator overtook Chicago’s CME Group as the world’s largest as hopes of more secondary listings by Chinese tech giants sent its share price soaring into the new year.

6 Jan 2021 - 10:43PM

Hong Kong’s stock exchange operator overtook Chicago’s CME Group as the world’s largest as hopes of more secondary listings by Chinese tech giants sent its share price soaring into the new year.

Hong Kong’s stock exchange operator HKEX topples Chicago’s CME as world’s most valuable as US-China rift brings in more listings
Kweichow Moutai’s stock price upgrade could propel the valuation of China’s top liquor distiller to US$507 billion

Investment bank CICC has set a share-price estimate of 2,739 yuan for Kweichow Moutai, implying a gain of over 30 per cent from its current stock price.

5 Jan 2021 - 10:44PM

Investment bank CICC has set a share-price estimate of 2,739 yuan for Kweichow Moutai, implying a gain of over 30 per cent from its current stock price.

Kweichow Moutai’s stock price upgrade could propel the valuation of China’s top liquor distiller to US$507 billion
China’s stock market rally masks shaky pillars amid earnings downgrades, price cuts and policy headwinds

China’s stock market may be powering into the new year on shaky foundation as analysts downgrade earnings and Beijing dials back policy support, according to some fund managers.

4 Jan 2021 - 7:30AM

China’s stock market may be powering into the new year on shaky foundation as analysts downgrade earnings and Beijing dials back policy support, according to some fund managers.

China’s stock market rally masks shaky pillars amid earnings downgrades, price cuts and policy headwinds
US strengthens ban on Chinese military-linked firms as investors await index compilers’ fine-tuning moves

The Trump administration defines the scope of US investors and prohibited assets in ban on 35 Chinese Communist military companies. Index compilers may further refine their benchmarks.

29 Dec 2020 - 5:05PM

The Trump administration defines the scope of US investors and prohibited assets in ban on 35 Chinese Communist military companies. Index compilers may further refine their benchmarks.

US strengthens ban on Chinese military-linked firms as investors await index compilers’ fine-tuning moves
China’s central bank wants a say in fintech’s future as it grants new personal credit ratings license to state venture with internet firms

The shareholding composition of the second license, following the first license in 2018 to Baihang Credit, underscores the financial regulators’ increased scrutiny of consumer credit and online loans, especially those granted to small and medium-sized enterprises.

26 Dec 2020 - 10:09PM

The shareholding composition of the second license, following the first license in 2018 to Baihang Credit, underscores the financial regulators’ increased scrutiny of consumer credit and online loans, especially those granted to small and medium-sized enterprises.

China’s central bank wants a say in fintech’s future as it grants new personal credit ratings license to state venture with internet firms
Advancing utilities lift China’s benchmark indexes in light Christmas Day trading as traders shun banks, consumer stocks

Stock indexes also ticked higher in Japan and Taiwan, taking their cues from overnight gains in the US market. Market sentiments were also lifted by the strengthening pound after Britain’s successful conclusion of its talks to exit from the European Union, avoiding the threat of an acrimonious break-up and laying the foundations for a new relationship with the island nation’s biggest and nearest commercial partner.

25 Dec 2020 - 3:53PM

Stock indexes also ticked higher in Japan and Taiwan, taking their cues from overnight gains in the US market. Market sentiments were also lifted by the strengthening pound after Britain’s successful conclusion of its talks to exit from the European Union, avoiding the threat of an acrimonious break-up and laying the foundations for a new relationship with the island nation’s biggest and nearest commercial partner.

Advancing utilities lift China’s benchmark indexes in light Christmas Day trading as traders shun banks, consumer stocks
Hong Kong stocks end higher on Christmas Eve amid hopes of an imminent Brexit deal, brush aside Alibaba slump

Hang Seng Index ends a shortened trading session 0.2 per cent higher amid hopes of a Brexit deal that could be announced as early as Thursday.

24 Dec 2020 - 9:18PM

Hang Seng Index ends a shortened trading session 0.2 per cent higher amid hopes of a Brexit deal that could be announced as early as Thursday.

Hong Kong stocks end higher on Christmas Eve amid hopes of an imminent Brexit deal, brush aside Alibaba slump
China prods more institutional funds into stock market to wean punters from one-way bets

China’s stock-market regulator is prioritising more institutional participation as one of its key tasks next year, while curtailing retail participation to dampen excessive speculation and volatility.

23 Dec 2020 - 11:09PM

China’s stock-market regulator is prioritising more institutional participation as one of its key tasks next year, while curtailing retail participation to dampen excessive speculation and volatility.

China prods more institutional funds into stock market to wean punters from one-way bets
Hong Kong stocks end losing streak as Xiaomi hits record high, investors weigh US stimulus outlook

Hong Kong stocks climbed for the first time this week as smartphone maker Xiaomi rallied and investors continued to assess the economic fallout from travel curbs in Europe and a delay in US stimulus package.

23 Dec 2020 - 5:12PM

Hong Kong stocks climbed for the first time this week as smartphone maker Xiaomi rallied and investors continued to assess the economic fallout from travel curbs in Europe and a delay in US stimulus package.

Hong Kong stocks end losing streak as Xiaomi hits record high, investors weigh US stimulus outlook
China sobers up amid IPO bonanza, tightens rules to expel dud companies from stock exchange

The new delisting rules issued by the Shanghai and Shenzhen exchanges are critical to improving the quality of China’s capital markets by reining in excessive speculation, analysts say.

23 Dec 2020 - 9:15AM

The new delisting rules issued by the Shanghai and Shenzhen exchanges are critical to improving the quality of China’s capital markets by reining in excessive speculation, analysts say.

China sobers up amid IPO bonanza, tightens rules to expel dud companies from stock exchange
China’s stock exchanges and ‘Millionaire Yang’ mark 30 years of pride, fascination with Communist-style capitalism

The birth of China’s stock market 30 years ago has been a source of pride and fascination for the nation. The rags-to-riches tale of pioneer trader ‘Millionaire Yang’ is an inspiration to its 175 million individual investors.

21 Dec 2020 - 3:26PM

The birth of China’s stock market 30 years ago has been a source of pride and fascination for the nation. The rags-to-riches tale of pioneer trader ‘Millionaire Yang’ is an inspiration to its 175 million individual investors.

China’s stock exchanges and ‘Millionaire Yang’ mark 30 years of pride, fascination with Communist-style capitalism
China adds a fifth bad-debt manager to prepare for decade-high dud loans as Covid-19 weighs on banks and borrowers

The task of cleaning up dud loans has taken on added urgency as China’s financial system must brace for a record wave of bond defaults and slumping corporate earnings, as the coronavirus pandemic weigh on consumption and crimps economic growth.

18 Dec 2020 - 11:26PM

The task of cleaning up dud loans has taken on added urgency as China’s financial system must brace for a record wave of bond defaults and slumping corporate earnings, as the coronavirus pandemic weigh on consumption and crimps economic growth.

China adds a fifth bad-debt manager to prepare for decade-high dud loans as Covid-19 weighs on banks and borrowers
Hong Kong stocks drop for third time this week on US stimulus stalemate and China growth concern

Investors fret over the lack of progress on the US stimulus package and are keenly awaiting key China economic data that will offer clues on how the country’s economic recovery is faring.

10 Dec 2020 - 4:42PM

Investors fret over the lack of progress on the US stimulus package and are keenly awaiting key China economic data that will offer clues on how the country’s economic recovery is faring.

Hong Kong stocks drop for third time this week on US stimulus stalemate and China growth concern
Hong Kong stocks snap two-day drop as they track new highs on Wall Street amid stimulus package progress

Hang Seng Index ends 0.8 per cent higher at 26,502.84, taking cue from a rally that sent the S&P 500 Index to a record on hopes of a fresh stimulus package.

9 Dec 2020 - 4:51PM

Hang Seng Index ends 0.8 per cent higher at 26,502.84, taking cue from a rally that sent the S&P 500 Index to a record on hopes of a fresh stimulus package.

Hong Kong stocks snap two-day drop as they track new highs on Wall Street amid stimulus package progress
Hong Kong stocks retreat for a second day amid a resurgence in Covid-19 infections and fraying US-China ties

Hang Seng Index falls 0.8 per cent at the close, extending a 1.2 per cent decline in the previous session; JD Health surges on debut.

8 Dec 2020 - 4:56PM

Hang Seng Index falls 0.8 per cent at the close, extending a 1.2 per cent decline in the previous session; JD Health surges on debut.

Hong Kong stocks retreat for a second day amid a resurgence in Covid-19 infections and fraying US-China ties
China’s market-beating liquor stocks fancied by money managers keep others wary of valuation, investing blunders

The market-beating run of China’s biggest liquor distillers are keeping many investors in jubilant mood in a catastrophic year of pandemic. Others are preparing to greet the new year with caution.

7 Dec 2020 - 7:58AM

The market-beating run of China’s biggest liquor distillers are keeping many investors in jubilant mood in a catastrophic year of pandemic. Others are preparing to greet the new year with caution.

China’s market-beating liquor stocks fancied by money managers keep others wary of valuation, investing blunders
Buying frenzy sends Shanghai index of 50 bellwethers to 12-year high as traders bet on cyclical stocks to outperform technology

The shift among traders to bigger companies engaged in traditional industries has been in full swing over the past few months, as the latest statistical data signals that China’s economic recovery is sustainable and positive developments in possible Covid-19 vaccines brighten the outlook of global growth.

2 Dec 2020 - 8:38PM

The shift among traders to bigger companies engaged in traditional industries has been in full swing over the past few months, as the latest statistical data signals that China’s economic recovery is sustainable and positive developments in possible Covid-19 vaccines brighten the outlook of global growth.

Buying frenzy sends Shanghai index of 50 bellwethers to 12-year high as traders bet on cyclical stocks to outperform technology
China’s regulator makes capital market funding a top priority as it looks to bolster economy

Expansion of direct financing and introduction of registration-based system for all IPOs tops the CSRC’s agenda in the five-year plan, says Yi Huiman.

1 Dec 2020 - 9:28PM

Expansion of direct financing and introduction of registration-based system for all IPOs tops the CSRC’s agenda in the five-year plan, says Yi Huiman.

China’s regulator makes capital market funding a top priority as it looks to bolster economy
HSBC shares surge by half in two months as hopes of Covid-19 vaccine rekindle investors’ appetite for old-economy stocks

HSBC shares have shot up 49 per cent from a September low as positive news about several vaccines boosts popularity of stocks that were hit hardest by pandemic.

30 Nov 2020 - 7:36AM

HSBC shares have shot up 49 per cent from a September low as positive news about several vaccines boosts popularity of stocks that were hit hardest by pandemic.

HSBC shares surge by half in two months as hopes of Covid-19 vaccine rekindle investors’ appetite for old-economy stocks
Hang Seng Index hits nine-month high as Chinese industrial profit report reassures investors mainland recovery is under way

The Hang Seng Index closes at the highest in nine months as investors move on from the overbought signal and negative news on AstraZeneca’s Covid-19 vaccine to focus on mainland China’s industrial profits data.

27 Nov 2020 - 5:01PM

The Hang Seng Index closes at the highest in nine months as investors move on from the overbought signal and negative news on AstraZeneca’s Covid-19 vaccine to focus on mainland China’s industrial profits data.

Hang Seng Index hits nine-month high as Chinese industrial profit report reassures investors mainland recovery is under way
Hong Kong stocks favoured by mainland Chinese investors who invade market with US$77 billion of purchases

Many mainland Chinese may have given Hong Kong a miss amid travel restrictions. They are, however, invading the local stock market in search for higher returns.

27 Nov 2020 - 9:33PM

Many mainland Chinese may have given Hong Kong a miss amid travel restrictions. They are, however, invading the local stock market in search for higher returns.

Hong Kong stocks favoured by mainland Chinese investors who invade market with US$77 billion of purchases
Hong Kong stocks retake nine-month high in late rally as traders focus on recovery prospects

Hong Kong stocks reached a nine-month high in a late buying spree, as traders refocused on economic recovery prospects. Asian markets were mixed after US benchmarks slipped overnight from all-time highs.

26 Nov 2020 - 6:47PM

Hong Kong stocks reached a nine-month high in a late buying spree, as traders refocused on economic recovery prospects. Asian markets were mixed after US benchmarks slipped overnight from all-time highs.

Hong Kong stocks retake nine-month high in late rally as traders focus on recovery prospects