@johnchenghc

Asia stocks reporter at Bloomberg News @business. @varsitycuhk alum. Hongkonger. Tennis player. Kpop enthusiast. Views are my own. Tips: [email protected]

 Singapore
bloomberg.com/authors/AUzoM2fUuxc/john-cheng
Joined July 2012
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I spoke to several young investment bankers to find out why more and more of them are leaving the industry despite salary raises and the promise of quicker promotions, a situation that's particularly acute in Asia. bloomberg.com/news/articles/… via @business

Even 30% Pay Raises Can’t Stop Junior Banker Exodus in Asia

They’ve raised salaries and promised quicker promotions.

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Singapore has kicked off a big effort to revive its languishing stock market, but exchange insiders and market participants are doubtful that the reboot will succeed bloomberg.com/news/articles/… via @markets

Singapore Exchange Insiders Cast Doubt on Stock-Market Revival

Singapore has kicked off a big effort to revive its languishing stock market. But exchange insiders and market participants are doubtful that the reboot will succeed.

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TSMC is the pride of Taiwan and local investors are piling into the stock, both to make money and as a way of defending their homeland from China bloomberg.com/news/articles/… via @technology

TSMC Sparks Patriotic Spirit of Taiwan Investors Wary of China

August Chuang believes the best thing she can personally do to protect her homeland from a Chinese invasion is to buy Taiwan Semiconductor Manufacturing Co. shares.

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Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest rates. bloomberg.com/news/articles/… via @markets

Hong Kong’s Stock Rally Faces Test With China Inflows on Pause

Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest...

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My latest: Global money managers may be starting to unwind their hugely popular long Japan, short Hong Kong equity trades due to the widening gap between valuations in the two markets, Goldman Sachs says bloomberg.com/news/articles/… via @markets

Goldman Says Funds Likely Selling Japan Stocks to Buy Hong Kong

Global money managers may be starting to unwind their hugely popular long Japan, short Hong Kong equity trades due to the widening gap between valuations in the two markets, Goldman Sachs Group Inc....

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UBS lifted China and Hong Kong stocks to overweight, citing resilient earnings despite the nation’s property and macro worries bloomberg.com/news/articles/… via @markets

UBS Upgrades China Stocks to Overweight, Cuts Taiwan and Korea

UBS Group AG raised its recommendation on a key Chinese stock index to overweight in a rare upgrade call this year, underscoring the tentative optimism that the market is finally on the mend.

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K-pop music agencies are in need of a second act after an $8 billion equity rout sparked by concerns over falling album sales bloomberg.com/news/articles/… via @markets

K-Pop Stocks Poised for New Growth Phase After $8 Billion Rout

K-pop music agencies are in need of a second act after an $8 billion equity rout sparked by concerns over falling album sales.

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Some investors are starting to unwind a popular equities strategy to “buy India, sell China” bloomberg.com/news/articles/… via @markets

Investors Are Unwinding the ‘Buy India, Sell China’ Stocks Trade

A popular equities strategy to “buy India, sell China” has reached an inflection point for some investors.

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The frenzy over artificial intelligence is trumping geopolitical concerns over TSMC, with its record stock rally powering ahead @betty_hou_1108 bloomberg.com/news/articles/… via @technology

TSMC Bulls Ignore Buffett’s Warning and Stick to AI Bet

The frenzy over artificial intelligence is trumping geopolitical concerns over Taiwan Semiconductor Manufacturing Co., with its record stock rally powering ahead.

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China's determination to end a rout and signs the economy is picking up are giving investors reasons to believe that the market is bottoming out bloomberg.com/news/articles/… via @markets

Chinese Stocks Gain 20% From Lows, Fueling Market Bottom Calls

A rally in Chinese stocks has sent a number of benchmarks surging 20% from lows, a sign that the battered market may be headed for a more sustainable uptrend after multiple false dawns over the past...

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TSMC has reclaimed a spot among the world’s 10 most valuable companies after the stock rallies to record levels bloomberg.com/news/articles/… via @technology

TSMC Reclaims Spot in World's 10 Most Valuable Companies After Stock Rallies to Record

Taiwan Semiconductor Manufacturing Co. has reclaimed a spot among the world’s 10 most-valuable companies as continued optimism in artificial intelligence thrusts the stock to record levels.

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China’s state-backed funds have poured more than $57 billion into onshore shares this year in a bid to prop up the market, according to UBS estimates bloomberg.com/news/articles/… via @markets

China's State-Backed Funds Have Bought $57 Billion of Stocks, UBS Says

China’s state-backed funds have poured more than 410 billion yuan ($57 billion) into onshore shares this year in a bid to prop up the market, according to estimates by UBS Group AG, which expects...

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Shrinking population. Record property downturn.️ Rising trade tensions. And now a $6 trillion stock market wipeout. The list of problems just keeps growing for Xi Jinping’s China. Read The Big Take ⬇️ bloomberg.com/news/features/… via @economics

China’s $6 Trillion Stock Wipeout Exposes Deeper Problems for Xi

It’s a public reminder that confidence in the Chinese economy is at its lowest ebb in decades.

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Chinese stocks in Hong Kong slumped toward their lowest level in almost two decades in stark contrast to a more optimistic Wall Street bloomberg.com/news/articles/… via @markets

Hong Kong Stocks at 36% Discount Show True Depth of China Gloom

A rout in Chinese stocks listed in Hong Kong intensified Monday, pushing their discount to mainland peers to the deepest in fifteen years in the latest sign of growing pessimism among international...

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Emerging markets outside China are luring risk traders as the Asian country fades as a top destination for investors seeking growth opportunities in the asset class bloomberg.com/news/articles/… via @markets

Dodging China Slowdown, Investors Embrace EM Stock Darlings

With China fading as a top destination for investors seeking growth opportunities in emerging markets, flows into the largest exchange-traded fund dedicated to developing stocks outside of the...

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It was supposed to be the year of Hong Kong's comeback. Instead, 2023 turned out to be one of the worst for the financial hub in recent memory bloomberg.com/news/articles/… via @markets

Hong Kong Comeback Story Turns Into Terrible Year for Investors

It was supposed to be the year Hong Kong rebounded onto the world stage, leaving behind an era marred by street clashes, political crackdowns and Covid curbs.

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Global investment banks turned almost unanimously optimistic on China's stock market around this time last year, only to be confounded by a 14% drop in the MSCI China Index bloomberg.com/news/articles/… via @markets

Wall Street’s China Stock Bulls Seek Redemption After a Humbling Year

For the China bulls on Wall Street, 2023 is a year to forget.

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Buy the yen, sell Japanese bonds, snap up Indian and Indonesian stocks: Those are some of the top trades recommended by Asian fund managers for 2024 bloomberg.com/news/articles/… via @markets

Big Money Managers Name Top Investment Ideas for Asia in 2024

Buy the yen, sell Japanese bonds, snap up Indian and Indonesian stocks: those are some of the top trades recommended by Asian fund managers for 2024.

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My latest: A historic slump in Hong Kong’s $4.6 trillion stock market is rippling through the city’s financial industry bloomberg.com/news/articles/… via @markets

Hong Kong’s Stock Slump Triggers Wave of Brokerage Closures

A historic slump in Hong Kong’s $4.6 trillion stock market is rippling through the city’s financial industry.

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John Cheng retweeted
Bergs@bergmanjonaso30 Nov 2023
Chinese investment bank CICC warns analysts against pessimistic calls and showing off lavish lifestyles, as Beijing clamps down on well-paid bankers bloomberg.com/news/articles/… via @markets

China Investment Bank Bans Displays of Wealth

One of China’s largest investment banks has warned its analysts against making any bearish calls and to avoid showing off their lavish lifestyle, as Beijing continues to clamp down on well-paid...

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Chinese stocks erased all the gains seen during their massive reopening rally, as concerns about the health of the nation’s property sector persists bloomberg.com/news/articles/… via @markets

China Stocks Erase All Reopening Gains as Property Woes Persist

Chinese stocks erased all the gains seen during their massive reopening rally that took off late last year, as persistent concerns about the health of the property sector help drive an unprecedented...

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