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  • July 29, 2014
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  1. Business - China Business - PROPERTY

    Guangzhou R&F Properties shifts focus beyond first-tier cities

    Posted Aug 17th 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Developer will put more money in secondary markets, where housing demand is tipped to increase Guangzhou R&F shifts focus beyond first-tier cities Guangzhou R&F Properties plans to increase investment in second- and third-tier mainland cities as the industry shifts its focus to the housing demand of end-users in the coming years. Chairman ...

  2. China Eastern may fly high on yuan surge, Angang and Magang face mixed fortunes

    Posted Apr 14th 2008, 12:00am by Staff Reporter

    ... China Eastern Airlines: Today China Eastern Airlines Corp (670), whose shareholders voted down a management-favoured stake acquisition by Singapore Airlines and Temasek Holdings in January, may have turned a profit last year of 603 million yuan (HK$671.7 ...

  3. City banks find plenty of takers for yuan accounts

    Posted Aug 06th 2012, 12:00am

    ... from Wednesday, in the latest move to support the city's bid to become an offshore centre for the yuan, the Hong Kong Monetary Authority (HKMA) said local banks could open yuan accounts ... relations here were among the first non-residents to open accounts.' Until this week, only Hong Kong identity card holders could open yuan accounts in the city. But the HKMA, the city's de ...

  4. City's depressed listings market set to rebound

    Posted Jun 28th 2012, 12:00am

    ... Hong Kong at No 5 in the global listing league table. Even with a rebound in the second half, it is uncertain whether the city will remain the No 1 fund-raising destination in the world ... foreign banks motivated by the need to meet the Basel III capital requirements and the chances for international expansion as Western banks offloaded their assets. Au said the city might also ...

  5. City still has upper hand in region, think tank says

    Posted May 19th 2012, 12:00am

    ... Ada Lee ada.lee@scmp.com Hong Kong's position as an international financial centre is unlikely to be shaken despite Shanghai's rapid development, a think tank says. A research report by British think tank Chatham House said Hong Kong had an advantage in its 'China dimension', and the city's well-developed regulatory system and reputation as the most ...

  6. City delights

    Posted May 03rd 2012, 12:00am

    ... Introduction Hong Kong Island is the business heart of the city, where executives typically work long hours and, in doing so, have helped to turn the former British colony into a world city. It is therefore no surprise that many choose to live in urban locations to shorten travel time, and that also explains why some of these districts have the highest concentration ...

  7. ENN pays Citi for funds for China Gas bid

    Posted Mar 29th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com ENN Energy has already paid financial adviser Citi 57 million yuan (HK$70 million) to arrange financing for its joint US$2.2 billion bid with Sinopec to take ... the payment, in the form of an arrangement fee for a bridging loan for the three-month-old bid, was booked in last year's profit and loss accounts. In addition, ENN will have to pay Citi ...

  8. CHIC and luxurious

    Posted Aug 03rd 2012, 12:00am

    ... Group's The Prince Place in Kowloon City. Upcoming luxury developments include Swire Properties' 53-unit project at Argyle Street and Wheelock Properties' 66-unit Kadoorie Hill at Prince ...

  9. City's gold exchange wants to go public

    Posted Jun 29th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The Chinese Gold & Silver Exchange Society, the city's 101-year-old gold bourse, wants to become a listed company to secure its future and boost its international standing. 'The listing of Hong Kong Exchanges and Clearing in 2000 was very successful and has lifted the exchange to a higher level of development over the last decade. It was a deal ...

  10. 25pc of city's Japanese restaurants may go bust

    Posted Apr 04th 2011, 12:00am

    ... Ng Kang-chung A quarter of the city's Japanese restaurants face going out of business in the next two months because customers, fearful of radiation-tainted food, are staying away ... restaurants. The union estimates there are about 7,000 people employed in the city's 600 Japanese restaurants. The union has urged the government to offer more courses to retrain staff from ...




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