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  • April 20, 2014
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  1. News - China

    Growing number of African entrepreneurs thriving in southern China

    Posted Sep 20th 2013, 11:31am by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong From a windowless room in a dilapidated Hong Kong high-rise, Ali Diallo sells Chinese electronics to retailers across Africa. The modest surroundings ... The building is also the go-to place in Hong Kong for African buyers in search of cheap electronics, with phones selling from around US$8 each. “In China there are opportunities for people who can ...

  2. Business - Money

    Asian markets slump due to fears over central bank stimulus

    Posted Jun 13th 2013, 05:39pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong Asian markets dived Thursday, with Tokyo’s Nikkei losing more than six per cent, while the dollar hit 10-week lows against the yen on expectations ... cent since hitting its peak last month, putting it in a bear market. Hong Kong shed 2.19 per cent, or 467.62 points, to end at 20,887.04 while Sydney ended 0.61 per cent lower, giving up 28.7 ...

  3. Business - Companies

    CK Life Sciences buys top Australian salt producer

    Posted Nov 29th 2012, 03:13pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong Asia’s richest man Li Ka-shing is buying Australia’s largest salt producer Cheetham Salt in a deal worth US$157 million, a subsidiary of his Cheung Kong group said on Thursday. The A$150 million deal is the firm’s third investment in Australia this year after it bought agricultural and horticultural wholesaler and distributor Peaty Trading Group ...

  4. News - Hong Kong

    2 indicted on conspiracy, obstruction charges in CalPERS pension fund scandal

    Posted Mar 19th 2013, 09:52am by THE ASSOCIATED PRESS

    ... have since left the pension fund. Valdes accompanied Buenrostro and Villalobos on a 2006 trip to London, Dubai and Hong Kong, paid for by Villalobos, according to the lawsuit. A year later, ... a former pension fund board member, earned $50 million in commissions as a “placement agent” — a kind of marketing rep who secured billions of dollars worth of CalPERS investments for his Wall ...

  5. News - Hong Kong - AUCTIONS

    Sotheby’s sets record with HK$4.2bn at Hong Kong autumn sales

    Posted Oct 09th 2013, 12:46pm by Reuters in Hong Kong

    ... Reuters in Hong Kong Sales in Hong Kong considered a barometer of demand from China for expensive artworks and luxury goods Sotheby’s celebrated its 40 years of business in Asia by raising a better-than-expected HK$4.2 billion ($542 million) in Hong Kong, a record for the global auction house’s autumn sales in the city. Sotheby’s biannual sales in Hong Kong are considered a barometer of demand ...

  6. Business - China Business - REGULATION

    Private firms given a boost by State Council

    Posted Sep 07th 2013, 12:00am by Zhang Hong

    ... Television reported. It heard a report on the status of private investment from the All-China Federation of Industry and Commerce, a key association representing the mainland's private ... Zhang Hong in Beijing zhang.hong@scmp.com Private firms given a boost by State Council Premier Li Keqiang is pushing ahead with economic restructuring by setting up a joint liaison team ...

  7. News - China - BO XILAI TRIAL

    Corruption follows well-tested pattern

    Posted Aug 28th 2013, 12:00am by Zhang Hong

    ... Zhang Hong hong.zhang@scmp.com Given the risks involved, crooked high-ranking officials rely on relatives and trusted businessmen to ferry bribes to safekeeping Corruption follows ... are the norm, then it would be impossible for senior officials to afford their children's school fees at exclusive private schools abroad, let alone fund a jet-setting lifestyle. But Bo ...

  8. Business - Money - REGULATION

    Doubts over litigation investment fund

    Posted Apr 14th 2014, 05:07am by Benjamin Robertson

    ... over litigation investment fund Concerns are growing about the viability of a litigation investment fund worth a reported HK$1.2 billion after Hong Kong regulators raided the company's ... an investment fund that underwrites lawsuits in various jurisdictions and takes a portion of any payout. Buttonwood has registered businesses in Hong Kong and the British Virgin Islands (BVI). ...

  9. News - Hong Kong

    Edward Snowden gone from Hong Kong hotel; whereabouts unknown

    Posted Jun 11th 2013, 01:58am by THE ASSOCIATED PRESS

    ... apparently checked out of his Hong Kong hotel at midday Monday, his destination and whereabouts unknown. “We know he was here until today,” said Cosmo Beatson, a Hong Kong-based refugee activist who heads an organization called Vision First. Beatson said Monday night that it is possible that Snowden boarded a plane from Hong Kong — since there is no warrant for his arrest — or was smuggled ...

  10. News - Hong Kong

    Hong Kong may not be asylum NSA leaker hoped for

    Posted Jun 11th 2013, 01:52am by THE ASSOCIATED PRESS

    ... a Silicon Valley hedge fund manager, was returned in 2009 to stand trial for allegedly defrauding investors. U.S. citizens can enter Hong Kong without a visa but usually are given stays of only 90 ... By Barbara Demick (Los Angeles Times (MCT)) BEIJING — Of all the places in the world for man on the run from the U.S. government, Hong Kong was an unlikely destination for Edward Snowden, ...




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