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  • September 3, 2014
  • Last updated: 1:33pm
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  1. Business - Comment - LAI SEE

    It's Christmas again with David Webb's Arts Optical tip

    Posted Aug 21st 2014, 01:26am by Howard Winn

    ... of 3,000 consumers in 22 cities, mainland Chinese still prefer cash to credit. While almost 391 million credit cards had been issued as of the end of 2013 in China, that amounts to only 0.29 card per person, according to People's Bank of China statistics. The survey of mainstream urban consumers also revealed that nearly half the respondents (47 per cent) do not have a credit card ...

  2. Business - Comment - LAI SEE

    Where does the truth lie in McDonald's 'lack of clarity'?

    Posted Jul 29th 2014, 01:26am by Howard Winn

    ... with the company's logos and signage with the executives identified by cards bearing their names and titles. However, at Sunday's press conference there was no corporate signage and the famous McDonald's logo was nowhere to be seen. All the attendant executives, aside from Hong Kong managing director Randy Lai Wai-sze, were anonymous without the usual identifying cards. Interestingly ...

  3. Business - LAI SEE

    Entertaining insights into China's state capitalism

    Posted Jul 09th 2014, 05:20am by Howard Winn

    ... dwelling on topics such as credit expansion and the property boom. He is scathing of state-owned enterprises: "A vast majority of the state-owned companies either squander their advantages, ...

  4. Business - LAI SEE

    Old school politician Macfarlane tells it like it is on carbon tax

    Posted Jul 01st 2014, 04:05am by Howard Winn

    ... is the latest and the biggest in a number of big fines in excess of US$1 billion the banks have paid to regulators to avoid being tried for their misdeeds. In May, Credit Suisse was fined US$2.6 billion ...

  5. Business - Comment - LAI SEE

    Hong Kong's most unusual restaurant

    Posted May 24th 2014, 01:12am by Howard Winn

    ... hours. There are two dinner options of HK$3,000 and HK$5,000. The restaurant does not have a website, it doesn't advertise, and even its address is not on Wang's name card. "It ...

  6. Business - Comment - LAI SEE

    Hong Kong needs a superior system of government

    Posted May 15th 2014, 12:38am by Howard Winn

    ... was followed by Morgan Stanley, UBS, Deutsche Bank and Credit Suisse. What this all means is a matter of conjecture. Firms that win are delighted while those that don't do well are a tad sniffy ...

  7. Business - Comment - LAI SEE

    Bali part of Indonesia shock

    Posted May 10th 2014, 12:50am by Howard Winn

    ... on holiday in Bali. On Tuesday I had my HSBC bank debit card stopped and received an urgent voicemail asking me to ring the HSBC fraud office. I did this, and was informed: "You told us that you were going to Bali, so when a transaction was attempted in Indonesia, we suspected fraud and stopped the card." Professor R G Faulkner, Loughborough, Leicestershire   M&A activity ...

  8. Business - Comment - LAI SEE

    Why no travel alert for mainland China with this grim toll?

    Posted May 08th 2014, 12:42am by Howard Winn

    ... when the DOJ considers testing its new approach on two foreign banks, Credit Suisse and BNP Paribas. “I intend to reaffirm the principle that no individual or entity that does harm to our ...

  9. Business - Comment - LAI SEE

    Tax consultant Annells denied bail in High Court

    Posted Apr 26th 2014, 01:15am by Howard Winn

    ... represented David Beckham. To give him credit, he was trying to bridge the gap between Asia and London. Traders-football-Beckham- geddit? This year's event quietly ticked over to James ...

  10. Business - Comment - LAI SEE

    Fishy business on the rise in Hong Kong

    Posted Apr 04th 2014, 12:29am by Howard Winn

    ... card. This, it will be recalled, was necessary because the Hong Kong Monetary Authority had instructed banks to replace the magnetic strip in the ATM cards with a chip. HSBC, in its wisdom, chose to issue one card linked to UnionPay, which resulted in numerous complaints from customers who were unable to withdraw cash from locations mainly, though not exclusively, outside Asia. ...




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