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  • September 23, 2014
  • Last updated: 10:39am
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  1. Business - Companies - EARNINGS

    Hong Kong Jockey Club seeks higher returns from alternative investments

    Posted Sep 16th 2014, 03:23am by Enoch Yiu

    ... The organisation, whose after-tax income is mainly put into a charitable trust, increased its investment in alternative assets, including hedge funds, private equity funds and property, it said in its ... representing 8 per cent of Hong Kong's total tax income. Its charitable trust donations rose 85 per cent year on year to a record HK$3.6 billion. Louis Tse Ming-kwong, director of VC Brokerage, ...

    http://www.scmp.com/business/companies/article/1593468/hong-kong-jockey-club-seeks-higher-returns-alternative
  2. News - China - CORRUPTION

    GlaxoSmithKline hit with record 3b yuan fine for bribing Chinese doctors

    Posted Sep 19th 2014, 04:51pm by Keira Lu Huang, Daniel Ren and Agencies

    ... found that Reilly, with the support of other GSK executives, set up sales units that gained billions of yuan in illegal income by bribing doctors, hospitals and health officials to use its ...

    http://www.scmp.com/news/china/article/1596109/drug-maker-gsk-fined-record-us492-million-over-bribery-case
  3. Comment - Insight & Opinion - WHITE COLLAR

    SFC suffers wider loss, but still a rich regulator

    Posted Aug 25th 2014, 09:40am by Enoch Yiu

    ... Enoch Yiu With reserves inflated by income linked to turnover, it should switch to more stable source SFC's riches showit's time to changerevenue model The Securities and Futures ... quarter-on-quarter fall in average daily turnover to HK$60 billion that saw the SFC's levy income also fall 17 per cent, to HK$231 million. But there's no need to worry too much because ...

    http://www.scmp.com/comment/insight-opinion/article/1580503/sfc-suffers-wider-loss-still-rich-regulator
  4. Business - Economy - THE VIEW

    Thank the rich for driving technology trends that will benefit us

    Posted Sep 22nd 2014, 01:08pm by Cathy Holcombe

    ... countries, the once-expanding middle classes are largely shrinking, and real income growth for everyone except the rich has either stagnated or declined in the past decade. Many consumers should ...

    http://www.scmp.com/business/economy/article/1597900/thank-rich-driving-technology-trends-will-benefit-us
  5. Magazines - Post Magazine

    Income and gender equality can boost Hong Kong's economic growth, says IMF's Lagarde

    Posted Feb 22nd 2014, 11:39pm

    ... of inequalities and greener growth, I am personally passionate, yes.” Governments in Hong Kong and elsewhere should remember, she says, that all the evidence suggests that greater income equality, gender ...

    http://www.scmp.com/magazines/post-magazine/article/1431061/income-and-gender-equality-can-boost-hong-kongs-economic
  6. News - Hong Kong - GAY RIGHTS

    Hong Kong's denial of dependent visas for gay partners 'could deter talent'

    Posted Sep 21st 2014, 05:14am by Jennifer Ngo

    ... visa, but authorities denied both applications, citing his career. Now, given Hong Kong's high rents and cost of living, the couple are feeling the lack of a second income. "It'll ...

    http://www.scmp.com/news/hong-kong/article/1597041/hong-kongs-denial-dependent-visas-gay-partners-could-deter-talent
  7. Business - China Business

    New China Life boosts first-half net profit 71pc on investment gains

    Posted Aug 27th 2014, 01:27am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Mainland insurer's 71pc net profit gain for first half also aided by bigger premiums haul Investment income lifts New China Life earnings New China Life Insurance, the mainland's third-largest life insurer by market share, said first-half earnings rose 71.4 per cent on the back of better investment income and insurance ...

    http://www.scmp.com/business/china-business/article/1580991/new-china-life-boosts-first-half-net-profit-71pc-investment
  8. Business - Money - EQUITIES

    Tiger Global keeps faith in rally story of Chinese car listing site Bitauto

    Posted Sep 20th 2014, 05:10am by Bloomberg

    ... said in another filing that it ramped up its stake in that company's rival, Autohome, to 18.5 per cent, or more than US$300 million. Annual per capita disposable income in China almost ...

    http://www.scmp.com/business/money/markets-investing/article/1596337/tiger-global-keeps-faith-rally-story-chinese-car
  9. Business - Comment - LAI SEE

    The rapid pace of technology is hollowing out the middle class

    Posted Sep 19th 2014, 05:34am by Howard Winn

    ... income. The four indicators more or less moved in lockstep for three decades after the war. In the '80s median wages began to decouple from the rest and in the early 21st century jobs started ...

    http://www.scmp.com/business/article/1595538/rapid-pace-technology-hollowing-out-middle-class
  10. Business - Commodities

    Sinopec chairman supports pay cuts for bosses of state-owned firms

    Posted Sep 10th 2014, 03:03pm by Victoria Ruan

    ... the goal of getting rich together,” said Fu. “We have stressed that ordinary people are the owners of the country. But the income gap in our country has become too big,” he said. Fu previously ... to the fact he was running a state-owned enterprise, although that income was legal. “Now the whole world is criticising that senior executives have earned too much. I think we are on the right path. ...

    http://www.scmp.com/business/commodities/article/1589348/sinopec-chairman-supports-chinas-soe-pay-cuts

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