China metal tycoon who built two empires faces Xi's new era
Supply-side structural reforms are reshaping basic industries like steel and aluminium and tycoon Zhang has to oblige
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Shanghai
ZHANG Shiping may have won an epic victory against short-sellers, but the self-made billionaire faces a much more formidable player in the battle surrounding the world's biggest aluminium producer: China's President Xi Jinping.
China Hongqiao Group Ltd resumed trading in Hong Kong on Monday, ending a seven-month hiatus during which Mr Zhang contested a research report that questioned his group's famously low costs. The aluminium giant's shares jumped 32 per cent in a day, clawing back ground lost to industry peers that have benefited from rising metal prices. Among the buyers was Mr Zhang himself.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam acts fast to shield firms, households from fuel price surge
Beijing’s calculated silence on the Iran war
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
