https://www-scmp-com.libproxy1.nus.edu.sg/rss/683/feed Peggy Sito, the South China Morning Post’s Business Editor, started as a business reporter. Prior to the position of Business Editor, she had been the Post’s Deputy Business Editor since 2016. Over the years, she won various news awards from Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Peggy Sito Peggy Sito The recovery in Hong Kong’s property market has begun attracting overseas investors back to the sector, with the Hang Seng Properties Index rising more than 20 per cent this year. International investors, who have had limited exposure to Hong Kong property stocks over the past two to three years, had begun revisiting the sector and adding positions since the start of 2026, according to Citi. At a recent global investor conference hosted by the US bank, participants said they were showing greater... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3345537/global-investors-revisit-hong-kong-property-stocks-housing-market-recovery-gathers-pace?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3345537/global-investors-revisit-hong-kong-property-stocks-housing-market-recovery-gathers-pace?utm_source=rss_feed Thu, 05 Mar 2026 06:38:00 +0000 Peggy Sito Peggy Sito In the largest settlement for a Takeovers Code breach in Hong Kong, the Securities and Futures Commission (SFC) has reached an agreement with two wholly owned subsidiaries of Chow Tai Fook Nominee (CTFN) – a company linked to the Henry Cheng Ka-shun family – requiring them to pay up to HK$1.5 billion (US$192 million) to independent shareholders of Giordano International. The agreement with Sino Wealth International, Giordano’s majority shareholder, and Clear Prosper Global followed an... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3343758/chow-tai-fook-linked-firms-set-record-us192-million-hit-giordano-case?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3343758/chow-tai-fook-linked-firms-set-record-us192-million-hit-giordano-case?utm_source=rss_feed Mon, 16 Feb 2026 11:27:47 +0000 Peggy Sito Peggy Sito A joint venture between Sino Land and Great Eagle Holdings has won a government residential site tender in Kowloon for HK$1.61 billion (US$206 million), outbidding major Hong Kong developers as the city’s housing market shows signs of stabilising. The purchase of the 41,226 sq ft site, which could yield 570 units, underscored the company’s confidence in the long-term development prospects of Hong Kong, according to Sino Land. Sino Land owns 85 per cent of the joint venture, while Great Eagle... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3339090/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-us206-million?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3339090/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-us206-million?utm_source=rss_feed Wed, 07 Jan 2026 13:49:22 +0000 Peggy Sito Peggy Sito Hong Kong holds strategic advantages as an arbitration hub in Asia, particularly due to its unique arbitration framework and growing commercial activities within China, according to a US-listed legal finance company. This competitive edge was poised to stimulate more business and increase the frequency of arbitrations, driving growth in the legal finance sector, said Christopher Bogart, CEO and co-founder of Burford. “The Hong Kong arbitration practice has a long history and is very high... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3333201/hong-kongs-arbitration-edge-boosts-legal-finance-burford-ceo-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3333201/hong-kongs-arbitration-edge-boosts-legal-finance-burford-ceo-says?utm_source=rss_feed Sun, 23 Nov 2025 01:30:08 +0000 Peggy Sito Peggy Sito Terry Wong Ping-sau, the CEO of Hong Kong Science and Technology Parks (HKSTP), radiated nostalgia as he scrolled through a map on his phone, focusing on the place he called home for three years while working on the Neom project, the Kingdom of Saudi Arabia’s massive smart-city development. “Look at this place,” he said. “This is Aqaba. I lived right there, on the shores of the Red Sea, at a crossroads of nations – bordered by Israel, Jordan and Saudi Arabia. The geography alone was... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3331973/neom-hkstp-science-park-ceo-terry-wongs-vision-hong-kongs-tech-future?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3331973/neom-hkstp-science-park-ceo-terry-wongs-vision-hong-kongs-tech-future?utm_source=rss_feed Sun, 09 Nov 2025 23:30:13 +0000 Peggy Sito Peggy Sito Significant shifts in the global political and economic landscape are driving China International Capital Corp (CICC) to focus strategically on international growth, targeting the burgeoning markets of Southeast Asia and the Middle East. Chairman Chen Liang said the Chinese investment bank saw opportunities arising from Asia’s booming wealth-management sector and the disruptive potential of artificial intelligence, which were both expected to drive future business growth. As Chinese companies... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3331465/cicc-targets-southeast-asia-and-middle-east-global-shifts-reshape-investment-landscape?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3331465/cicc-targets-southeast-asia-and-middle-east-global-shifts-reshape-investment-landscape?utm_source=rss_feed Tue, 04 Nov 2025 23:30:08 +0000 Cheryl Arcibal,Peggy Sito Cheryl Arcibal,Peggy Sito On a Sunday morning earlier this month, five friends from Bangkok stepped through the marble lobby of the Studio City Hotel in Macau – the kind of place better known for gaming tables and stage shows than medical check-ups. Instead, they were heading to iRad Hospital, tucked inside the resort complex, for a round of beauty treatments and wellness sessions. The women – Kwaisun Panchasarp, Nantanat Tejavibulya, Buyasakorn De Jesus and two friends – were in town with their families to catch the NBA... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3330210/playing-health-card-macau-gives-greater-bay-area-glimpse-its-health-hub-future?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3330210/playing-health-card-macau-gives-greater-bay-area-glimpse-its-health-hub-future?utm_source=rss_feed Sat, 25 Oct 2025 02:00:13 +0000 Peggy Sito Peggy Sito For Raymond Tan, football is more than just a sport – it is a vehicle for social change that can, at times, be an effective way to build government relations when it comes to businesses. The key to running a sustainable charity, said the CEO of Luen Thai Holdings, was to view it not merely as philanthropy, but as a venture, and this approach had proven effective with the TSL Football Foundation. “I look at [the foundation] like a start-up,” Tan said in a recent interview with the Post. “I... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3329631/hong-kong-industrialists-winning-football-strategy-transform-lives-across-5-markets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3329631/hong-kong-industrialists-winning-football-strategy-transform-lives-across-5-markets?utm_source=rss_feed Mon, 20 Oct 2025 23:30:09 +0000 Peggy Sito Peggy Sito Driven by accelerating healthcare demand, Fosun Health plans to target markets in South Asia, Southeast Asia and the Middle East to capitalise on their economic growth and fragmented health systems, according to chairman and CEO Frank Hu Hang. The subsidiary of Hong Kong-listed Shanghai Fosun Pharmaceutical (Group) operates 19 hospitals, clinics and third-party diagnostics centres in mainland China. Four of these are in Foshan, Guangzhou, Shenzhen and Zhuhai – cities that are part of the Greater... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3329416/unmet-healthcare-demand-asia-presents-chinese-hospital-operators-opportunities?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3329416/unmet-healthcare-demand-asia-presents-chinese-hospital-operators-opportunities?utm_source=rss_feed Sun, 19 Oct 2025 23:30:15 +0000 Peggy Sito,Aileen Chuang Peggy Sito,Aileen Chuang HSBC Holdings announced a plan to privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit’s publicly traded status in an unexpected move to simplify its structure amid worsening real estate loans in Hong Kong. The London-based bank would buy all outstanding Hang Seng Bank shares for HK$155 each in cash, or a premium of 30 per cent over the stock’s Wednesday closing price of HK$119, according to a statement to the Hong Kong exchange on Thursday. The Hang Seng... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3328293/hsbc-announces-plan-privatise-hang-seng-bank?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3328293/hsbc-announces-plan-privatise-hang-seng-bank?utm_source=rss_feed Thu, 09 Oct 2025 00:38:20 +0000 Peggy Sito Peggy Sito Hong Kong maintained its position as the world’s third-ranked financial hub, narrowing the gap with leading cities New York and London, according to the latest Global Financial Centres Index (GFCI) report on Thursday. The report, which is published twice a year, said Hong Kong’s overall rating rose 4 points, just 1 point below London and 2 points behind top-ranked New York. “This ranking is not an endpoint, but a validation of our strategy” said Benjamin Hung, chairman of the Financial Services... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3326875/hong-kong-retains-no-3-rank-global-financial-hub-behind-new-york-and-london?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3326875/hong-kong-retains-no-3-rank-global-financial-hub-behind-new-york-and-london?utm_source=rss_feed Thu, 25 Sep 2025 11:38:52 +0000 Peggy Sito Peggy Sito Hong Kong’s Stablecoins Ordinance marks a significant milestone, as cross-border payments using the cryptocurrency can facilitate trade-finance flows between Hong Kong, mainland China and global markets such as the Middle East, according to the CEO of Zand, an AI-powered fintech and financial-services group in the United Arab Emirates (UAE). Future development under the ordinance could help Hong Kong rebuild its role in expediting trade and exports between mainland China and global markets, said... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3322004/hong-kong-stablecoin-rules-upgrade-citys-trade-finance-role-uae-digital-banker?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3322004/hong-kong-stablecoin-rules-upgrade-citys-trade-finance-role-uae-digital-banker?utm_source=rss_feed Sun, 17 Aug 2025 03:00:07 +0000 Peggy Sito Peggy Sito Hong Kong developers rushed to put more than 200 residential units on the market for sale on Friday, as they took advantage of the market’s anticipation of the first interest rate cut of 2025, which may take place as soon as mid-September. Most of the flats were offered at two locations on the Kowloon peninsula. A consortium led by Sino Land put up 109 units of Villa Garda II in Tseung Kwan O at between HK$14,245 and HK$17,940 per sq ft after discounts. In Kai Tak on the seafront runway of the... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3321942/hong-kong-developers-put-more-200-flats-sale-amid-interest-rate-optimism?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3321942/hong-kong-developers-put-more-200-flats-sale-amid-interest-rate-optimism?utm_source=rss_feed Fri, 15 Aug 2025 04:30:15 +0000 Peggy Sito Peggy Sito Sino Land has won a residential site tender in Tuen Mun for HK$1.09 billion, beating major Hong Kong and mainland Chinese developers – including CK Asset Holdings, Kerry Properties and China Overseas Land & Investment – as the city’s housing market shows early signs of recovery. The transaction, which marked the Hong Kong government’s first residential plot sale this financial year, involved a site at Hoi Chu Road in Tuen Mun, a district in proximity to Shenzhen Bay. “The sought-after site... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3321760/sino-land-wins-tuen-mun-land-tender-hk1-billion-bid-amid-improved-housing-market?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3321760/sino-land-wins-tuen-mun-land-tender-hk1-billion-bid-amid-improved-housing-market?utm_source=rss_feed Wed, 13 Aug 2025 12:28:07 +0000 Peggy Sito Peggy Sito Victor Li Tzar-kuoi’s denial this week that his family home was being sold has stirred public curiosity about the address that has been the residence of one of Hong Kong’s wealthiest families and property developers for more than six decades. Located at 79 Deep Water Bay Road in the Southern district of Hong Kong Island, the mansion features three stories that sit atop an elevated podium with a swimming pool and a lawn to one side. The original building was bought in 1963 for HK$650,000 by Chong... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3320812/revealed-li-ka-shings-family-home-6-decades-and-subject-fabricated-rumours?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3320812/revealed-li-ka-shings-family-home-6-decades-and-subject-fabricated-rumours?utm_source=rss_feed Tue, 05 Aug 2025 09:00:17 +0000 Peggy Sito Peggy Sito The retirement needs of Hong Kong’s baby boomers consist of three pillars: stable income, access to affordable and quality healthcare, and reasonably priced accommodation, according to the chief executive of BOC Life. “These aspirations of a generation with significant wealth now entering retirement are easily attainable, as the quality of cross-border healthcare services improves and the acceptance of Hong Kong retirees within China’s healthcare system and accommodation rises,” said Wilson... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3320041/hong-kongs-baby-boomers-flock-greater-bay-area-afford-retirement-housing?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3320041/hong-kongs-baby-boomers-flock-greater-bay-area-afford-retirement-housing?utm_source=rss_feed Wed, 30 Jul 2025 01:30:13 +0000 Peggy Sito Peggy Sito Swire Properties and its partner in mainland China are preparing to lease the second phase of their retail venture in Shanghai, after shifting 18 buildings on the Zhangyuan site sideways with robots to make way for the construction of a multi-level underground mall. The joint venture aimed to release the space in stages from next year, according to Holly Zhang Yuanfu, deputy general manager of Shanghai Jing’an Urban Regeneration Construction Development, the owner of the site. The first phase of... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3318811/swire-lease-more-zhangyuan-retail-space-after-record-18-building-move-robots?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3318811/swire-lease-more-zhangyuan-retail-space-after-record-18-building-move-robots?utm_source=rss_feed Sun, 20 Jul 2025 02:00:16 +0000 Peggy Sito Peggy Sito Macau’s tourism and casino revenues are poised to see sustained growth in the second half of the year, as high-profile events and concerts attract an increasing number of visitors. The city has a busy concert pipeline over the next two months. Hong Kong singers like Sandy Lam, Aaron Kwok and Eason Chan will hold multiple shows in the casino hub between now and September, while South Korean actor Park Bo-gum, who starred in the TV drama, When life gives you tangerines, will meet his fans in... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3318271/macau-set-blockbuster-summer-toy-story-events-star-studded-concerts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3318271/macau-set-blockbuster-summer-toy-story-events-star-studded-concerts?utm_source=rss_feed Tue, 15 Jul 2025 07:59:15 +0000 Peggy Sito Peggy Sito Hong Kong developer New World Development (NWD) secured some much-needed financial relief by hitting a 2025 property sales target of HK$26 billion (US$3.3 billion) and winning a commitment from creditors to refinance HK$87.5 billion of its debt, people familiar with the matter said on Friday. With a strong sales response for its jointly owned Deep Water Pavilia project in Wong Chuk Hang on the south side of Hong Kong Island, NWD was expected to hit the contracted sales target for the financial... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3316144/hong-kong-developer-nwd-meets-2025-sales-target-and-wins-commitment-refinancing?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3316144/hong-kong-developer-nwd-meets-2025-sales-target-and-wins-commitment-refinancing?utm_source=rss_feed Fri, 27 Jun 2025 10:50:22 +0000 Peggy Sito,Julie Zhang Peggy Sito,Julie Zhang On May 16, just as US President Donald Trump wrapped up his whirlwind Gulf tour with over US$2 trillion in deals, a little-known Hong Kong fintech firm beat global rivals to bag a contract with a United Arab Emirates (UAE) bank. Evident Group, operator of a digital investment platform for alternative assets and licensed by the Securities and Futures Commission, formed a partnership with Zand Bank, the UAE’s first fully licensed digital bank. The collaboration will provide the Dubai-based bank’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3314298/supporting-role-how-investhk-driving-hong-kong-firms-global-growth?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3314298/supporting-role-how-investhk-driving-hong-kong-firms-global-growth?utm_source=rss_feed Sat, 14 Jun 2025 02:00:09 +0000 Peggy Sito Peggy Sito Macau’s licensed integrated resorts will emerge stronger with the closure of 11 satellite casinos in the city, as gambling activities are expected to shift to the casinos’ main properties and bolster their profit margins, according to analysts. The shares of the three casino operators affected by the move advanced after the closures were announced on Tuesday. The move affected 11 casinos licensed by Macau’s concessionaires but operated by third parties, down from as many as 21 in 2022 before the... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3313817/macau-seeks-economic-diversification-11-satellite-casinos-cease-operations?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3313817/macau-seeks-economic-diversification-11-satellite-casinos-cease-operations?utm_source=rss_feed Tue, 10 Jun 2025 06:49:49 +0000 Peggy Sito Peggy Sito A shortage of hotel rooms is hindering Macau’s growth, and further policy breakthroughs to facilitate the development of nearby Hengqin Island – three times the size of Macau – are needed to solve the problem, according to the chairman of Galaxy Entertainment Group. “As Macau shifts towards a more mass-market and event-focused model, the question of hotel rooms must be addressed,” said Francis Lui Yiu-tung in a briefing with Hong Kong reporters on Monday. With visitor arrivals growing, demand... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3312768/macaus-galaxy-boss-hotel-shortage-must-be-addressed-hengqin-island-policy?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3312768/macaus-galaxy-boss-hotel-shortage-must-be-addressed-hengqin-island-policy?utm_source=rss_feed Mon, 02 Jun 2025 11:30:08 +0000 Peggy Sito,Danielle Popov Peggy Sito,Danielle Popov Chinese companies are stepping up efforts to unlock business opportunities in the Middle East to hedge against worsening US-China trade ties, hoping to use the region as a springboard to expand into new markets in Africa and Europe. They include Hong Kong start-up NEXX Global, a logistics platform operator backed by CK Asset Holdings, and Beijing-based franchise platform operator Tojoy, according to the company officials. NEXX, which uses generative artificial intelligence to help warehouses... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3309750/ck-asset-backed-nexx-global-turns-middle-east-hedge-against-rising-us-china-tension?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3309750/ck-asset-backed-nexx-global-turns-middle-east-hedge-against-rising-us-china-tension?utm_source=rss_feed Sun, 11 May 2025 23:30:11 +0000 Peggy Sito Peggy Sito Hong Kong’s dominant free-to-air broadcaster Television Broadcasts (TVB) has undergone a shift in equity holdings, with its executive chairman Thomas Hui To making a personal investment in the company. The investment secures Hui an indirect equity stake in TVB, positioning him as a major shareholder. The transaction was a “strategic move” that emphasises Hui’s “firm confidence in TVB’s sustained growth trajectory and long-term market value appreciation”, he said in a written response to the... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3309803/chairman-tvb-makes-personal-investment-citys-dominant-broadcaster?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3309803/chairman-tvb-makes-personal-investment-citys-dominant-broadcaster?utm_source=rss_feed Fri, 09 May 2025 12:14:46 +0000 Peggy Sito Peggy Sito The approval of the first four official London Metal Exchange (LME) warehouses in Hong Kong gives a long-awaited boost to the city’s ambition of playing a more integral role in global metals trading. Many industry leaders, including Tiger Shi, CEO of Bands Financial, and Clara Chan, CEO of Hong Kong-listed Lee Kee Group, believe the development marks a pivotal step in strengthening the city’s position as a strategic commodities hub in Asia. The establishment of the LME warehouses in the city... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3307956/why-london-metal-exchanges-hong-kong-warehouses-matter-citys-financial-status?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3307956/why-london-metal-exchanges-hong-kong-warehouses-matter-citys-financial-status?utm_source=rss_feed Mon, 28 Apr 2025 00:30:11 +0000 Peggy Sito,Zhang Shidong 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. On Monday, Mohammed Saif Al-Sowaidi – who took the helm of the Qatar Investment Authority (QIA) in November – met with key stakeholders, including Citic Securities and ChinaAMC, as part of an effort to speed up regulatory approvals... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3305790/qatar-wealth-fund-chief-seeks-speed-deal-china-asset-management-stake?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3305790/qatar-wealth-fund-chief-seeks-speed-deal-china-asset-management-stake?utm_source=rss_feed Wed, 09 Apr 2025 04:28:09 +0000 Peggy Sito Peggy Sito Asian state-owned investors (SOIs) are projected to grow their assets under management by 34 per cent over the next five years, aided by growing economies, healthier fiscal balances and bigger contributions from the continent’s relatively young population, according to Global SWF. These sovereign investors, which include 146 central banks, sovereign wealth funds and public pension funds, could grow their assets to US$25 trillion by 2030 from an estimated US$18.7 trillion currently, the US-based... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3304889/temasek-asian-state-funds-grow-their-assets-34-us25-trillion-2030?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3304889/temasek-asian-state-funds-grow-their-assets-34-us25-trillion-2030?utm_source=rss_feed Wed, 02 Apr 2025 07:01:27 +0000 Daniel Ren,Peggy Sito Daniel Ren,Peggy Sito Wall Street investment banks stepped up their bullish calls on Chinese equities as Morgan Stanley upgraded its target for a second time in as many months and Goldman Sachs said feedback from clients signalled global interest is at the highest level since the market’s previous peak four years ago. “Broadly, investors’ interest and engagement levels in Chinese equities are arguably at the highest since the market reached its historical peak in early 2021,” Goldman strategists including Kinger Lau... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3303935/china-back-stock-appetite-post-2021-high-morgan-stanley-raises-targets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3303935/china-back-stock-appetite-post-2021-high-morgan-stanley-raises-targets?utm_source=rss_feed Wed, 26 Mar 2025 07:00:49 +0000 Peggy Sito Peggy Sito CK Hutchison Holdings (CKH) is stepping back from the business of seafaring commerce, as rising US-China tension and an unfolding worldwide trade war signal choppy times ahead for the port operator. Billionaire Li Ka-shing’s company announced overnight that it would sell 80 per cent of Hutchison Port Group, which owns 43 container ports in 23 countries, for US$23 billion . The assets include a 90 per cent stake in two Panama ports that have been the target of US President Donald Trump’s ire. A... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3301104/ck-hutchisons-surprise-sale-global-ports-sends-stock-surging-amid-unfolding-trade-war?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3301104/ck-hutchisons-surprise-sale-global-ports-sends-stock-surging-amid-unfolding-trade-war?utm_source=rss_feed Wed, 05 Mar 2025 04:14:13 +0000 Peggy Sito Peggy Sito In the third part of our series on Macau’s integrated resort operators, Peggy Sito looks at how Galaxy Entertainment Group’s new chairman Francis Lui is forging partnerships with global hotel chains and building non-gaming facilities to help lead Macau towards economic diversification. Read the previous instalments on Wynn and Sands China. The late afternoon sun had sunk into early twilight before Francis Lui Yiu-tung could extract himself from several back-to-back planning meetings to conduct... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3298733/how-galaxys-new-hands-boss-building-macaus-holistic-next-phase?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3298733/how-galaxys-new-hands-boss-building-macaus-holistic-next-phase?utm_source=rss_feed Sat, 15 Feb 2025 02:00:20 +0000 Peggy Sito Peggy Sito A former JPMorgan banker has joined forces with two Hong Kong entrepreneurs to launch NEXX Global, a smart logistics technology platform that uses generative artificial intelligence (GenAI) and large language models (LLMs) to help warehouses reduce costs and improve efficiency. Founded in March 2024, the company is seeking to solve some common problems in the industry, including insufficient land, labour shortages and inefficient management using its intelligent technology. Its goal is to... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3296840/ex-jpmorgan-executive-hong-kong-entrepreneurs-launch-genai-powered-logistics-platform?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3296840/ex-jpmorgan-executive-hong-kong-entrepreneurs-launch-genai-powered-logistics-platform?utm_source=rss_feed Sun, 02 Feb 2025 04:30:08 +0000 Peggy Sito Peggy Sito Hong Kong-listed SenseTime is set to spin off its healthcare platform to facilitate growth, capitalising on the rapid advancements in large language models (LLMs) that are transforming artificial intelligence (AI) in the medical field. The company’s AI-enabled smart hospital solution covers diagnostic and treatment help, AI patient service, as well as AI medical and hospital group services, according to Professor Li Hongsheng, the chief scientist for medical foundation models at SenseTime... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3296080/sensetime-plans-spin-healthcare-platform-effort-capitalise-advanced-llms?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3296080/sensetime-plans-spin-healthcare-platform-effort-capitalise-advanced-llms?utm_source=rss_feed Sun, 26 Jan 2025 02:45:08 +0000 Peggy Sito Peggy Sito Federated Hermes, a New York-listed global fund manager, is considering setting up an office in Hong Kong as it expands its family office and private wealth-management business in China and around Asia-Pacific, CEO Chris Donahue said. The company is optimistic about markets in Asia and also impressed by Hong Kong’s regulatory environment, including the commitment of market regulators to foster growth in the financial hub in the face of challenges like geopolitical tensions. “Hong Kong is a... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3295964/federated-hermes-open-hong-kong-us-fund-grows-asia-tap-family-offices?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3295964/federated-hermes-open-hong-kong-us-fund-grows-asia-tap-family-offices?utm_source=rss_feed Thu, 23 Jan 2025 09:00:09 +0000 Peggy Sito Peggy Sito In the second part of our series on Macau’s integrated resort operators, Peggy Sito looks at how Wynn Macau is adopting the playbook of its Las Vegas parent to capture the hearts and wallets of visitors, as it diversifies its earnings beyond the gambling tables. Click here for the first part. Last autumn, Lamborghini’s US$4 million Veneno Roadster was displayed in the lobbies of Wynn Macau’s flagship hotels, attracting large crowds of racing fans, automobile enthusiasts and tourists from... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3295196/wynn-looks-vegas-remodel-macaus-us28-billion-casino-hub-14-economy?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3295196/wynn-looks-vegas-remodel-macaus-us28-billion-casino-hub-14-economy?utm_source=rss_feed Sat, 18 Jan 2025 02:00:12 +0000 Peggy Sito Peggy Sito A simplified transport and immigration clearance between Hong Kong and Macau could significantly ease travel and spur tourism between the two Chinese cities, according to Wynn Macau, one of six casino operators in the former Portuguese colony. By improving connectivity and cooperation, the governments of both special administrative regions can create a more conducive environment and experience for local residents and foreign visitors, vice-chairman and president Linda Chen said. “If we host an... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3291658/wynn-macau-calls-easier-transport-immigration-hong-kong-spur-tourism?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3291658/wynn-macau-calls-easier-transport-immigration-hong-kong-spur-tourism?utm_source=rss_feed Fri, 20 Dec 2024 06:43:22 +0000 Peggy Sito Peggy Sito As Macau marks the 25th anniversary of its handover, the city’s casino operators are responding to Chinese President Xi Jinping’s call to invest in tourism and leisure to diversify the gambling-dependent economy. In the first of a series of profiles, the Post looks at what Sands China is doing to upgrade its facilities and put more emphasis on special events and entertainment. Just a week ago, National Basketball Association (NBA) legends Tracy McGrady, Ray Allen and Tony Parker joined... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3290453/beyond-baccarat-how-sands-china-driving-macau-30-nba-better-infrastructure?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3290453/beyond-baccarat-how-sands-china-driving-macau-30-nba-better-infrastructure?utm_source=rss_feed Sat, 14 Dec 2024 02:00:10 +0000 Peggy Sito,Mike Chan Peggy Sito,Mike Chan The NBA will return to China in 2025, with two pre-season games in Macau bringing an end to a years-long exile sparked by an official’s tweet in support of Hong Kong protesters in 2019. A multimillion-dollar agreement between the basketball league and Sands China was signed on Friday, with the Brooklyn Nets and Phoenix Suns scheduled to play two matches on October 10 and 12. Mark Tatum, the NBA’s deputy commissioner, called it an “exciting day” as he took part in a series of media events to... https://www-scmp-com.libproxy1.nus.edu.sg/sport/basketball/article/3289764/nbas-deal-macau-marks-end-5-year-china-exile-brings-nets-suns-casino-city?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/sport/basketball/article/3289764/nbas-deal-macau-marks-end-5-year-china-exile-brings-nets-suns-casino-city?utm_source=rss_feed Fri, 06 Dec 2024 12:19:26 +0000 Peggy Sito,Mike Chan Peggy Sito,Mike Chan The National Basketball Association (NBA) has signed a multimillion-dollar agreement to stage pre-season games in Macau, taking the sport to the doorstep of its biggest potential market as it struggles at home to regain the mass viewership it enjoyed before the Covid-19 pandemic. The Brooklyn Nets and the Phoenix Suns will play two games on October 10 and 12 next year at The Venetian Arena operated by Sands China, kicking off the five-year agreement in Macau, the former Portuguese territory near... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3289597/macau-host-nba-games-part-multimillion-dollar-deal?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3289597/macau-host-nba-games-part-multimillion-dollar-deal?utm_source=rss_feed Fri, 06 Dec 2024 02:49:02 +0000 Salina Li,Peggy Sito Salina Li,Peggy Sito New World Development (NWD) has promoted the head of its property business in mainland China to CEO, replacing Eric Ma Siu-cheung after barely two months, in yet another sign of turmoil as one of Hong Kong’s biggest developers tackles a debt crisis and family succession saga. The company appointed Echo Huang Shaomei as the new chief with effect from November 29, according to a Hong Kong stock exchange filing on Friday. Ma tendered his resignation on the same day, including all other roles in the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3288654/new-world-development-ceo-eric-ma-step-down-2-months-after-replacing-adrian-cheng?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3288654/new-world-development-ceo-eric-ma-step-down-2-months-after-replacing-adrian-cheng?utm_source=rss_feed Fri, 29 Nov 2024 06:37:21 +0000 Salina Li,Peggy Sito Salina Li,Peggy Sito Bob Prince, the co-chief investment officer of the world’s largest hedge fund, bought a luxury home in Hong Kong, joining an A-list of global financiers who have begun to heed the city government’s serenade to put down roots in Asia’s third-largest capital market. The executive of Bridgewater Associates, which had US$235 billion of assets under management as of March 31, paid HK$95 million (US$12.2 million) for a three-bedroom flat measuring 1,752 sq ft (162.8 square metres) at St. George’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed Wed, 20 Nov 2024 10:32:56 +0000 Peggy Sito,Mia Castagnone Peggy Sito,Mia Castagnone The Tracker Fund, Hong Kong’s biggest and most popular exchange-traded fund (ETF) with HK$149.9 billion (US$19.3 billion) of assets, celebrated its 25th anniversary this week. While assets have multiplied, so has market volatility and risks. Established on November 11, 1999, the Tracker Fund, also known as TraHK, was set up by the Hong Kong Monetary Authority (HKMA) to absorb stocks accumulated by the government during a two-week market intervention when it spent HK$118 billion to prop up stock... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3286238/tracker-fund-completes-25-years-hong-kong-lays-foundation-thriving-etf-market?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3286238/tracker-fund-completes-25-years-hong-kong-lays-foundation-thriving-etf-market?utm_source=rss_feed Tue, 12 Nov 2024 09:45:19 +0000 Enoch Yiu,Danny Mok,Peggy Sito Enoch Yiu,Danny Mok,Peggy Sito Lui Che-woo, who rose from humble beginnings selling peanuts and snacks to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95. Lui, the chairman and founder of the K. Wah Group of companies, died peacefully on November 7, according to filings to the Hong Kong stock exchange by K. Wah International, which develops property, and Galaxy Entertainment Group (GEG), which operates a casino and resort in... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3286122/lui-che-woo-hong-kong-property-and-casino-magnate-kwah-galaxy-dies-age-95?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3286122/lui-che-woo-hong-kong-property-and-casino-magnate-kwah-galaxy-dies-age-95?utm_source=rss_feed Mon, 11 Nov 2024 15:11:40 +0000 Peggy Sito,Cheryl Arcibal Peggy Sito,Cheryl Arcibal Adrian Cheng Chi-kong, the third-generation scion at the helm of one of Hong Kong’s largest conglomerates, will step down as the chief executive of New World Development and take on a non-executive role in the company, according to sources familiar with the matter. Cheng, born in 1979, will become the non-executive vice-chairman of New World, giving up his title of chief executive officer, the sources say. The company’s chief operating officer Eric Ma Siu-cheung, Hong Kong’s former secretary for... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3279929/adrian-cheng-step-down-new-worlds-ceo-take-non-executive-role-sources-say?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3279929/adrian-cheng-step-down-new-worlds-ceo-take-non-executive-role-sources-say?utm_source=rss_feed Wed, 25 Sep 2024 09:52:08 +0000 Aileen Chuang,Peggy Sito Aileen Chuang,Peggy Sito The Goldfinger, Hong Kong’s latest box-office hit starring Tony Leung and Andy Lau, is based on a 1983 case that is still one of the city’s biggest financial frauds. But it rings true even today as Hongkongers keep losing their hard-earned fortunes to scams and deceptions in their pursuit of quick riches. The film, which was released at the end of last year, chronicles the bankrupt Carrian group under George Tan Soon-gin, which collapsed in a web of corruption and murder and inflicted severe... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3273620/goldfingers-maker-says-hong-kong-should-reflect-why-scams-keep-plaguing-city?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3273620/goldfingers-maker-says-hong-kong-should-reflect-why-scams-keep-plaguing-city?utm_source=rss_feed Wed, 07 Aug 2024 23:30:08 +0000 Peggy Sito Peggy Sito Five Hong Kong start-ups have embarked on a six-month tour of Silicon Valley to showcase the city’s innovativeness and raise funds from venture capitalists in the world’s largest technology market, said the incubator behind the programme. “Hong Kong’s market is small, we have to look for business opportunities overseas,” said Albert Wong, the chief executive of the Hong Kong Science and Technology Parks Corporation (HKSTP), adding that the road show is aligned with the incubator’s “bring in and... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3267816/novelte-and-4-hkstp-start-ups-head-silicon-valley-display-hong-kongs-innovations?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3267816/novelte-and-4-hkstp-start-ups-head-silicon-valley-display-hong-kongs-innovations?utm_source=rss_feed Tue, 25 Jun 2024 00:30:10 +0000 In the first of a four-part series on hydrogen, the South China Morning Post looks at the competitive edge of different countries and regions in the nascent but promising green hydrogen industry – dubbed the future of energy. In Abu Dhabi, the bustling capital of the United Arab Emirates (UAE), three hydrogen-powered buses will quietly ply on the streets in the second half of this year, marking a significant milestone in the clean energy revolution. The 12-metre long vehicles, made by the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3265745/green-hydrogen-will-china-us-or-eu-dominate-global-clean-energy-race?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3265745/green-hydrogen-will-china-us-or-eu-dominate-global-clean-energy-race?utm_source=rss_feed Sat, 08 Jun 2024 02:00:15 +0000 The owners of Hong Kong bus operator Citybus have set their sights on supplying hydrogen buses to the Middle East after launching the city’s first zero-emission bus. Wisdom Motor, majority owned by private-equity firm Templewater, has been in talks with the transport department of Abu Dhabi, the capital of the United Arab Emirates, to supply customised hydrogen-powered vehicles, said Cliff Zhang, the CEO and founding partner of Templewater. “We also want to bring in other partners who are not... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3264764/after-pioneering-hydrogen-bus-hong-kong-citybus-owners-eye-middle-east-transport-market?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3264764/after-pioneering-hydrogen-bus-hong-kong-citybus-owners-eye-middle-east-transport-market?utm_source=rss_feed Fri, 31 May 2024 01:30:13 +0000 Like many mask manufacturers in Hong Kong, Juliana Lam saw her company’s business drop sharply after the government scrapped the face-covering mandate in March last year as the number of Covid-19 cases declined. However, Lam felt her four-year-old start-up, Innotier, was more fortunate than others. Her experience in the apparel industry allowed the company to diversify from making masks, clothes and bedsheets into antimicrobial underwear, workout apparel, and babywear – products aimed at... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3263249/moving-beyond-masks-hong-kong-start-innotier-expands-antimicrobial-clothing?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3263249/moving-beyond-masks-hong-kong-start-innotier-expands-antimicrobial-clothing?utm_source=rss_feed Sun, 19 May 2024 08:15:15 +0000 State-owned conglomerate China Merchants Shekou Group has formed a partnership with New World Development to jointly develop a mixed-use project in the Northern Metropolis, with the residential component set to provide some 2,000 flats. The investment comes as Hong Kong pushes the Northern Metropolis as a new engine of Hong Kong’s future growth and to integrate the area’s development with that of Shenzhen and other cities in the Greater Bay Area. “New World has a land bank of 15 million sq ft in... https://www-scmp-com.libproxy1.nus.edu.sg/business/commodities/article/3261633/hong-kong-property-new-world-and-china-merchants-shekou-jointly-develop-northern-metropolis-project?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/commodities/article/3261633/hong-kong-property-new-world-and-china-merchants-shekou-jointly-develop-northern-metropolis-project?utm_source=rss_feed Tue, 07 May 2024 00:30:14 +0000 Zongmu Technology, a Shanghai-based autonomous driving start-up, has set its sights on commercialising an electric-vehicle (EV) charging robot in mainland China, with plans to expand overseas as early as this year. FlashBot, which has L4 autonomous driving capability and a capacity of 104 kilowatt hours, can address the growing demand for charging stations in the EV market, according to the company. The company envisages the self-driving robot to provide mobile charging services in car parks,... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3261603/chinese-start-zongmu-eyes-global-expansion-self-driving-ev-power-bank?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3261603/chinese-start-zongmu-eyes-global-expansion-self-driving-ev-power-bank?utm_source=rss_feed Mon, 06 May 2024 10:00:40 +0000