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Cheng Leng

China business and finance reporter

Cheng Leng writes about China's financial regulations, banking, metals and other business news out of Hong Kong for the Financial Times. Before joining the FT, Cheng was the China finance correspondent for Reuters and Caixin based in Beijing.
Email Cheng Leng @cheng_leng_  on Twitter (link opens in a new browser window)
  • Friday, 11 October, 2024
    Chinese equities
    ‘Cutting leeks’: Beijing sparks a retail stock trading frenzy

    Small investors have piled into Chinese equity markets but many have already been burnt by wild price swings

    new
    An investor looks at a screen showing stock market movements at a securities company in Hangzhou, in eastern China’s Zhejiang province
  • Thursday, 10 October, 2024
    Chinese equities
    Chinese stocks inch higher ahead of finance minister’s briefing

    CSI 300 rises 1% as central bank launches lending facility to stabilise market

    The Bund Bull statue in Shanghai, China, is prominently displayed with a backdrop of historic buildings. The scene includes blurred motion of passing vehicles
  • Wednesday, 9 October, 2024
    ExplainerChinese economy
    As Chinese stocks slide, should investors bet on a Beijing bazooka?

    Expectations of fiscal stimulus stoked a market rally that fizzled out this week

    The financial district of Pudong in Shanghai, China, is visible through a circular hole on a bridge. The scene includes the Oriental Pearl Tower and other skyscrapers
  • Tuesday, 8 October, 2024
    Chinese equities
    Chinese stock rally cools after Beijing holds off on fiscal stimulus

    Investor disappointment with lack of detailed plans limits gains in CSI 300 and triggers sharp sell-off in Hong Kong

    A security guard stands guard on the Bund with the backdrop of the financial district of Pudong in Shanghai
  • Friday, 27 September, 2024
    Chinese equities
    Chinese stocks post best week since 2008 after stimulus blitz

    Beijing’s pledge to support capital markets and economic growth targets also helps lift European stocks and metals prices

    A montage of Chinese president Xi Jinping and the emblem of the People’s Republic of China
  • Wednesday, 25 September, 2024
    FT Wealth Management
    Expansion of Wealth Connect scheme gets Chinese funds flowing

    ‘Southbound’ investors were initially attracted to deposits but may diversify as interest rates — and restrictions — fall

  • Tuesday, 24 September, 2024
    Foreign exchange
    Foreigners are piling into China’s free money trade. How long can it last?

    CD players

  • Friday, 13 September, 2024
    PwC
    PwC banned for 6 months in China for ‘concealing fraud’ at Evergrande

    Big Four firm pays $62mn fine and fires 11 staff over audit of collapsed developer

    The exterior of the PwC Center in Shanghai, China, showing the "pwc" logo prominently displayed on the building
  • Wednesday, 11 September, 2024
    China Renaissance
    Chinese bank was told to wire authorities $11mn after founder disappeared

    Opaque payment relating to China Renaissance chair Bao Fan leaves auditors wondering how to account for it

    Bao Fan stands in a hallway with his hands in his pockets, wearing a blue suit and white shirt, after a Bloomberg television interview in San Francisco in June 2016
  • Tuesday, 10 September, 2024
    Chinese business & finance
    China’s future bankers battle ‘shame’ over derided profession

    Government crackdown on financiers is deterring next generation from career once viewed as source of prestige

    A man jogs along the Bund in Shanghai with the skyline of Pudong's Lujiazui financial district visible across the Huangpu River. A couple stands by the railing in the background, and the scene is set under a cloudy sky.
  • Friday, 6 September, 2024
    Chinese business & finance
    Chinese groups to create country’s largest brokerage with $230bn in assets

    All-shares deal comes against backdrop of weak markets and government pressure to consolidate financial sector

    A woman walks past the Shanghai Stock Exchange building
  • Thursday, 5 September, 2024
    Thomas Cook Group PLC
    Thomas Cook acquired by Polish travel group eSky

    Chinese conglomerate Fosun selling former storied brand five years after its collapse

    Passenger aircraft operated by Thomas Cook Group Plc sit on the tarmac
  • Sunday, 1 September, 2024
    Chinese trade
    Chinese steel exports to reach 8-year high

    Imports into Europe expected to surge later this year

    Bundles of steel tubes at a trading market in the outskirts of Shanghai, China
  • Friday, 30 August, 2024
    Chinese economy
    Chinese offices emptier than during Covid pandemic as slowdown hits

    Vacancy rates rising in big cities including Beijing, Shanghai, Guangzhou and Shenzhen while rents are falling

    People are seen walking and standing along the Bund in Shanghai, with the iconic buildings of Pudong's Lujiazui Financial District visible in the background on May 1 2024
  • Thursday, 29 August, 2024
    People's Bank of China
    Chinese central bank’s $56bn debt purchase sparks talk of bond market intervention

    Traders speculate the People’s Bank of China will step in to manage sovereign debt yields

    Paramilitary police officers stand guard under a green canopy in front of the headquarters of the People's Bank of China in Beijing. The building features a modern design with large glass windows and the bank’s Chinese name above the entrance. A Chinese flag flies on a pole in front of the building.
  • Wednesday, 28 August, 2024
    Chinese economy
    China bond bulls warned of bubble risk over debt supply

    People close to Chinese central bank highlight impact of plans to issue almost $400bn more this year

    People walk past skyscrapers in Shanghai’s Lujiazui Financial District
  • Sunday, 25 August, 2024
    Chinese business & finance
    China mutual funds reel from crackdown

    $4.4tn industry has become latest target of Xi Jinping’s clampdown on finance

    A montage of a renminbi bill and an arrow pointing down
  • Thursday, 22 August, 2024
    Chinese business & finance
    Global investors pile into Chinese bank bonds

    Overseas buyers defy Beijing authorities’ unease over fear of debt market bubble

    Exterior of the People’s Bank of China
  • Wednesday, 21 August, 2024
    PwC
    PwC braced for 6-month ban in China over Evergrande audit

    Expected punishment for work on failed property developer’s accounts would be toughest by Beijing against a Big Four firm

    A combination image of the PwC logo and unfinished residential towers
  • Wednesday, 14 August, 2024
    Industrial metals
    Top steelmaker Baowu warns Chinese producers face severe crisis

    Sector ravaged by weak demand and industrial production as crippling property market slump hits Asia’s biggest economy

    Steel production at a China Baowu Steel Group plant in Maanshan
  • Friday, 9 August, 2024
    Sovereign bonds
    China names and shames buyers of its government bonds

    Authorities are trying to push yields up from record lows after warning of sovereign debt bubble

    A woman walks past the People’s Bank of China building in Beijing
  • Wednesday, 7 August, 2024
    FT News Briefing podcast12 min listen
    Can athletics vault into profitability?

    The sport has less media coverage and prize money than many rivals

  • Friday, 2 August, 2024
    People's Bank of China
    Chinese yields hit record lows as investors defy central bank warnings

    People’s Bank of China struggles to convince traders that market is overheating

    Members of China’s People’s Liberation Army (PLA) walk past the People’s Bank Of China (PBOC) headquarters in the financial district of Beijing
  • Monday, 29 July, 2024
    Chinese business & finance
    China’s state-owned funds and lenders claw back pay and bonuses

    Crackdown on bankers extends to Hong Kong as Beijing broadens scrutiny of finance sector

    Pedestrians walk past a branch of China Citic Bank in Hong Kong
  • Tuesday, 23 July, 2024
    News in-depthChinese economy
    China’s Xi bets on high tech for ‘great rejuvenation’

    Communist party’s third plenum reinforces focus on self-sufficiency but fails to assuage fears about weak consumption or oversupply

    A montage of Xi Jinping in front of a background of a factory making robotic arms and people buying iphones in Beijing
Previous page You are on page 1 Next page

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