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Zhang Shidong
Senior Correspondent, 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
Zhang Kun cuts US$3.1 billion fund’s holdings in baijiu and e-commerce as ‘downside pressure on the economy has exceeded expectations’.
‘We may see an acceleration of policy implementation in the near term to support consumer and technology industries,’ an analyst says.
The country’s push to stabilise markets reflects urgency to sustain capital access for tech firms and protect small investors.
In the latest sign of government support, five state-backed insurers say they will continue to boost their equity holdings.
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The CSRC pledges to stabilise the market after meeting with investor representatives to talk up stocks.
Foreign investors have pulled US$110 billion from Seoul this year, rotating into undervalued Chinese giants as momentum seen slowing for expensive tech stocks.
China has taken deleveraging actions amid wake-up call from South Korean market volatility.
Global investors’ diversification into Chinese assets coupled with strong AI earnings could make the pullback in tech stocks short-lived.
Attracting capital behind breakthroughs in frontier fields, the market is a key part of Beijing’s drive for technology self-reliance.
AI boom sees long-time bellwether Kweichow Moutai cede top spot in CSI 300 Index weightings to Zhongjin Innolight.
The stock market catalogues China’s uneven growth, as manufacturing expands and consumption falls.
Onshore investors resoundingly reverse previous month’s outflow with US$3.5 billion in buying, led by AI-related shares.
A surge in shares becoming eligible for trading comes as investors pour into AI-linked stocks in rival markets.
City’s exchange ranks among world’s worst performers as IPOs vacuum up capital and lock-up releases loom.
Domestic and global banks put markers down on equity growth based on stronger earnings, exposure to energy transition.
Signs of an unwinding of record-high leveraged bets on AI stocks in South Korea and Taiwan sours sentiment in Asian trading.
Alibaba led Hong Kong tech stocks lower, pushing the Hang Seng briefly below 23,000 as AI and consumer worries hit sentiment.
Hang Seng Index bounces back after overnight plunge in Nasdaq-100 on concerns about frothy tech valuations.
Government says foreign-funded companies would be aided in domestic listings, as well as mergers and acquisitions.
Beijing to strengthen the city’s status as a global hub for offshore yuan as it moves to internationalise the currency.
Top financial regulator declares support for move promoting yuan internationalisation and the city’s role as a yuan hub.
Firm to capitalise on AI-led price spike of critical metals used to create chips, generate electricity and support computing power.
A surge of freed shares will challenge Hong Kong’s stock market, with analysts pointing to inflows and corporate support as key buffers.
US President Trump says the Strait of Hormuz would reopen on Friday after a deal with Iran, sending oil prices tumbling.
Metal’s upside rests on central-bank demand and easing oil shock, but higher yields and AI spending may temper recovery, money managers say.
Listing adds to headwinds for Asia’s third-largest market as US$97 billion in lock-up expirations loom.
Wind and solar producer plans multiple projects amid China’s push to deepen its insulation from global oil-shock pressures.
Signs of excess are mounting in AI trade, with soaring IPOs and stretched valuations echoing run-ups to past market peaks, analysts say.
Designation of Chinese firms fuels investor unease, with markets bracing for a potential Fed tightening and an unwinding of the AI trade.
