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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.
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.
Areas of Expertise:
Stock markets, data miningLanguages Spoken:
English, Mandarin, Shanghai dialect
Losses trimmed the Hang Seng Index’s advance in May to about 5 per cent; Shouhui Group slumped 18 per cent in market debut.
Hang Seng Index approached a two-month high on bets global trade relations and market sentiment will improve.
PDD’s overnight slump in New York infected e-commerce stocks amid concerns price discounting will erode margins.
Gains limited by losses in leading carmakers amid lingering concerns about a prolonged price war.
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As many as 30 Chinese companies poised for dual listings this year, co-head of global banking at UBS Securities says.
Electric-vehicle makers led losses on concerns fresh price cuts by BYD would prolong a price war, pressuring margins and earnings.
Jiangsu Hengrui’s strong Hong Kong debut boosts Chinese pharmaceutical stocks.
After a 10-fold share-price jump in a year, toymaker tops all but 26 other Hong Kong-listed firms in market capitalisation.
The market is likely to trade sideways as there are no catalysts to support a rally, Dongxing Securities analyst Lin Yang says.
Stocks in Hong Kong are cheaper and backed by stronger earnings performance, attracting mainland-based fund managers.
Morgan Stanley lifts its 2025 China growth forecast to 4.5 per cent from 4.2 per cent.
Lower borrowing costs will be a major driver for stocks, Guotai Haitong Securities analysts Fang Yi says.
China’s April economic data offers a glimpse into the impact of Trump’s ‘reciprocal tariffs’ on the nation’s economy.
Midea and ZTO will have a 0.33 per cent and 0.44 per cent estimated weighting in the Hang Seng Index, according to the benchmark compiler.
EV battery maker’s 6.7 per cent discount to its Shenzhen-traded shares is much lower than the average 25 per cent discount for dual-listed Chinese firms.
Lacklustre earnings could derail a rebound in equities spurred by a temporary ceasefire in the tariff war between China and the US.
After an 18 per cent rally on the Hang Seng Index from an April low, investors are worried that the run-up was too fast.
‘The tariff episode is expected to have a limited impact on corporate earnings,’ Bocom International analyst says.
Nomura joins other global firms in expressing optimism about Chinese equities following tentative trade deal.
Sentiment moderates on belief that trade progress could reduce the urgency for Beijing to launch fresh stimulus measures.
Asia-Pacific stocks outperform US markets due to attractive valuations and regional economic factors, JPMorgan Asset says.
Beijing and Washington say they ‘have taken important steps to resolve differences through equal dialogue and consultation’.
The mainland’s 13 gold ETFs bulge by US$9.6 billion, as the metal’s lure as a haven asset grows.
Hong Kong stocks erase losses sparked by President Donald Trump’s threat to replace Federal Reserve chair Jerome Powell.
State-backed buying of nearly 160 billion yuan worth of ETFs and solid economic data have underpinned market sentiment, analysts say.
Trade tensions rise after US says Chinese ships would be required to pay fees when docking at US ports.
Companies with high retail exposure, such as Alibaba, are more susceptible to sell-offs if they are forced to delist, Goldman says.
Chinese property developers rally amid expectations of more policy support for the troubled real estate sector.
US Commerce Department initiates investigations into pharmaceutical and semiconductor imports, which could lead to tariffs.
