Zhang Shidong

Shanghai Shi

Business Reporter at South China Morning Post

Articles

Hong Kong stocks tread water as investors weigh US tariff moves, China GDP data

1 week ago | scmp.com | Zhang Shidong

Hong Kong stocks hovered around a one-week high on Tuesday, as investors digested the latest development on the tariff front from US President Donald Trump while bracing for China’s first-quarter economic data. The Hang Seng Index fell 0.1 per cent to 21,395.10 as of 10.06am local time. The Hang Seng Tech Index dropped 1.1 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both retreated 0.4 per cent.
Hong Kong stocks tread water as investors weigh US tariff moves, China GDP data

1 week ago | msn.com | Zhang Shidong

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US-China decoupling could cost US$2.5 trillion in the extreme, Goldman warns

1 week ago | scmp.com | Zhang Shidong

A decoupling between the world’s two largest capital markets could cost US$2.5 trillion in an extreme scenario, as investors from the US and China are forced to divest their holdings of equities and debt instruments, according to an analysis by Goldman Sachs. US investors could be forced to sell nearly US$800 billion of Chinese stocks trading on American exchanges in case of a decoupling, the US investment bank’s analysts led by Kinger Lau and Timothy Moe said in a report on Monday.
Hong Kong stocks rise for fifth day as Trump suspends tariffs on electronics

1 week ago | scmp.com | Zhang Shidong

Hong Kong stocks rose for a fifth day, putting the benchmark on course for its longest winning streak in nearly three months, after the US suspended tariffs on an array of consumer electronics. The Hang Seng Index rose 1.7 per cent to 21,271.95 as of 9.52am local time. The Hang Seng Tech Index gained 2.2 per cent. On the mainland, the CSI 300 Index climbed 0.4 per cent and the Shanghai Composite Index added 0.6 per cent. Electronics firms led the market higher.
Chinese firms set aside US$2.7 billion for stock buy-backs as Trump’s tariffs roil markets

1 week ago | thestar.com.my | Zhang Shidong

China’s publicly listed companies have unveiled at least 20 billion yuan (US$2.73 billion) in buy-backs this week, as they set aside resources to prop up their own stock during a global meltdown in equity markets triggered by US President Donald Trump’s tariff war. More than 100 companies have announced buy-backs, including China’s state oil company PetroChina, the world’s largest appliance maker and Midea Group.
Trade war puts China’s corporate earnings recovery at risk, Morgan Stanley says

1 week ago | scmp.com | Zhang Shidong

US investment bank sees downside risk to its bet on corporate earnings recovery in 2025 as the US-China tariff war escalatesPublished: 2:45pm, 11 Apr 2025The US-China trade war may undermine overseas demand for Chinese goods and dent a recovery in corporate earnings as they turn to reluctant domestic buyers to open their purse strings, according to Morgan Stanley.
Chinese firms set aside US$2.7 billion for stock buy-backs as Trump’s tariffs roil markets

1 week ago | scmp.com | Zhang Shidong

China’s publicly listed companies have unveiled at least 20 billion yuan (US$2.73 billion) in buy-backs this week, as they set aside resources to prop up their own stock during a global meltdown in equity markets triggered by US President Donald Trump’s tariff war. More than 100 companies have announced buy-backs, including China’s state oil company PetroChina, the world’s largest appliance maker and Midea Group.
Chinese defence stocks in play as Trump’s tariffs erase DeepSeek-fuelled gains

2 weeks ago | scmp.com | Zhang Shidong

Investors are taking cover in Chinese military stocks amid heightened tension between Beijing and Washington in the wake of the tit-for-tat trade war, as gains spurred by the DeepSeek trade have almost fizzled out. Defence-equipment companies trading in Hong Kong and on the mainland are the latest hedge against the turbulence triggered by US President Donald Trump’s so-called reciprocal tariffs.
Exclusive | Qatar wealth fund chief seeks to speed up deal for China Asset Management stake

2 weeks ago | scmp.com | Peggy Sito |Zhang Shidong

The chief executive of Qatar’s sovereign wealth fund recently visited Beijing to accelerate an agreement to acquire a 10 per cent stake in China Asset Management (ChinaAMC), one of the country’s largest mutual fund firms, according to sources familiar with the matter.
Central Huijin, a unit of China’s US$1.2 trillion wealth fund, buys ETFs to boost stocks

2 weeks ago | scmp.com | Zhang Shidong

Central Huijin Investment, a unit of China’s US$1.2 trillion sovereign wealth fund, bought exchange-traded funds (ETFs) on Monday, intervening in the nation’s stock market reeling from the fallout of reciprocal tariffs from the US. Central Huijin acquired ETFs and will make more such investments in the future to “resolutely” maintain the stability of the capital market, the company said in a statement on its website on Monday afternoon, without disclosing the ETFs or the investment.