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.
Chinese stocks dropped after the nation’s central bank hinted at easing monetary policy, underscoring worries about growth. Also, expectations built for more consolidation in the brokerage industry
Hong Kong stocks fell for a fourth day in a row, the longest losing streak in a month, as investors weighed the prospect of an interest-rate cut by the Federal Reserve later this month following a weak US jobs report
Sanergy Group’s 98 per cent stock-price crash was triggered when its largest shareholder, Otautahi Capital, was forced to sell part of its stake, the maker of graphite products says.
Hong Kong regulator’s warning of concentrated ownership triggers a sell-off in the Chinese firm’s stock, which had jumped 400 per cent in the last few months.
The call makes UBS an outlier among the global investment community, as most investment banks and asset-management firms are bearish on Chinese stocks.