Zhang Shidong
SCMP News
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Past articles by Zhang:
As China market wavers, can US$874 billion of excess savings give consumer stocks a helping hand?
China’s onshore stock market could do with a bit revenge spending from consumers, who have stored up US$874 billion in excess savings during the pandemic years. That remains to be seen. → Read More
China’s zero-Covid policy has ‘passed point of no return’ amid protests as stock strategist bets on reflation theme
It’s time to be stock bulls as Beijing’s political will to impose prolonged and strict lockdowns is exhausted, according to Alpine Macro. China will continue to exit from its zero-Covid policy chaotically, but surely. → Read More
China’s property crisis sinks all as Vanke services arm faces investors in Hong Kong’s moribund IPO market
New stock offerings have been a failure for investors who took part in deals involving Chinese property management services firms this year. Many such IPOs since 2019 have tanked. China Vanke will give it a try. → Read More
Stock Connect: fewer holidays to bring US$110 billion trading boost for HKEX and mainland bourses
Stock Connect investors will get fewer market holidays from next year, potentially boosting trading volume of onshore and Hong Kong-listed stocks by an extra US$110 billion annually. → Read More
Chinese small-caps emerge as safe haven after logging biggest-ever discount to mega firms
Chinese small capitalisation stocks have been trading at their cheapest levels on record against mega companies in terms of valuations, prompting calls that they are havens that will weather market headwinds such as slowing economic growth and earnings misses. → Read More
Hong Kong stocks dip after China data shows contraction, developers rally on mortgage rate cut
Hong Kong stocks fluctuated between gains and losses as investors weighed the prospect of more policy loosening against official data showing that China’s economy contracted in April. → Read More
China Vanke’s tycoon founder applies for Hong Kong SPAC listing in first major business venture since retirement
Destone Acquisition plans to explore business opportunities in areas such as urban technology and clean energy, according to its prospectus. → Read More
HSBC, CICC among major financial firms calling bottom on China stocks after Beijing moves to soothe investors
Some of China’s top investment banks and money managers have started to call a bottom on the world’s second-largest stock market, after Beijing reassured investors by pledging more measures to bolster the economy and stocks, and the US Federal Reserve started to raise borrowing costs as anticipated. → Read More
Investors likely to cheer clarity on VIE companies as China unveils requirements on offshore IPOs
The draft rule, published online to solicit public opinion through January 23, could douse speculation that Chinese authorities would close a legal workaround employed by more than 500 companies to offshore stock listings. → Read More
China’s policy shift to boost economic growth next year puts battered consumer stocks in traders’ focus
Companies that cater to the mass market will probably outperform next year, as the government tries to revive consumer spending, according to CICC and Citic Securities. → Read More
Omicron, Meituan and Macau gambling crackdown offer new threats to Hong Kong stock optimists
A resurgence in Covid-19 cases, this time related to the Omicron variant, is unnerving investors. It’s a new blow to hope of taming the pandemic and fears in global markets. → Read More
From Bridgewater to Templeton, money managers warm up to unloved Chinese tech stocks
Some of the world’s biggest money managers are striking the same bullish chord on Chinese stocks as valuations fall to multi-year lows. Others argue it may be premature to jump back in. → Read More
China’s IPO flops from vaccine maker to retailer show growing pain as investors get a taste of listing reforms
Investors who are used to reaping outsized gains from initial public offerings in mainland China should take note as nine flopped in recent weeks. Instant losses may be a new norm. → Read More
China stocks swing amid looming stagflation risk after producer inflation accelerates to 26-year high
Producer prices jumped 10.7 per cent year on year in September, the fastest pace since November 1995, National Bureau of Statistics data showed. → Read More
Hong Kong stocks are cheapest against Chinese equities in a year amid Evergrande debt woes, regulatory storm
The 33 per cent discount that the Hong Kong shares of dual-listed companies have to their mainland China-traded stocks was the biggest since October 15 last year, according to a gauge compiled by Hang Seng Indexes Company. → Read More
Hong Kong’s weekend homebuyers balk at Henderson’s The Holborn amid supply increase
Hong Kong has scored robust home sales since September, as developers launch more projects to take advantage of a boom in the world’s costliest property market. → Read More
China’s stock rebound resembles 2015 rally as trading blitz surpasses trillion-yuan threshold
China’s stock market rebound is more than just a relief rally as a surge in trading volume mirrors the blitz that underpinned the 2015 bull run. The same can’t be said of the Hong Kong market. → Read More
Nod for VIE-structured Chinese AI developer Megvii to list on Shanghai’s Star Market signals further approvals
Regulatory approval for Megvii is a sign that more such VIE-structured companies could be allowed to list on domestic exchanges in the future. → Read More
Hong Kong stocks fall for first time this week, as tech rally stalls
ong Kong stocks dropped for the first time this week on Friday, on concerns that a recent run-up was excessive relative to a harsh regulatory landscape on the mainland. → Read More
Hong Kong stocks gain as tech gauge scales three-week high with mainland China funds poised to end selling
A rebound in Chinese technology stocks gains momentum as mainland funds are seen scouting for bargains amid record-low valuation in the sector. → Read More