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  • September 16, 2014
  • Last updated: 7:39pm
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  1. Hang Seng Bank eyes wealthy mainlanders

    Posted Mar 23rd 2012, 12:00am

    ... with mainland tourists, has put up a sign welcoming clients from across the border in simplified Chinese. Hang Seng Bank plans to renovate some of its own outlets but not with a view to reorienting them ... rich clients from the mainland. Nixon Chan Lik-sang, head of the bank's retail banking and wealth management, yesterday urged his staff to focus on increasing the number of customers, ...

  2. Mainlanders drive 100pc sales lift for gold and jewellery firm

    Posted Oct 08th 2003, 12:00am by Staff Reporter

    ... Hang Fung says the holiday bonanza is due to China's easing of travel curbs The mainland's week-long National Day holiday proved to be a golden week for gold and jewellery ... last week. 'The tourists spent more than before, although the number of visits to our shops was more or less the same,' chairman Lam Sai-wing said. Mr Lam said about 30,000 visits ...

  3. Following the mainland money trail into HK

    Posted Jan 19th 2004, 12:00am by Staff Reporter

    ... tourists smuggling suitcases full of cash through border checkpoints are more often urban legends than truth, analysts say. Resourceful mainlanders have invented a myriad of more sophisticated ways ... be transferred out of the mainland through international trade transactions. Red-chip clients provide easy access to foreign bank accounts for underground funds, while mainland individuals with a tourist ...

  4. Sales lack real sparkle, but optimism stays

    Posted Feb 07th 2012, 12:00am

    ... sales with it. A similar consolidated retail figure is not available for Hong Kong. But jewellery sales- a sector that reflects mainland tourists' spending, failed to shine during ... Securities, the less-than-sterling performance of jewellers during the holidays had more to do with the changing shopping patterns of mainland tourists, cold weather and a longer-than-usual holiday ...

  5. Holiday chill warms retailers' pockets

    Posted Dec 28th 2011, 12:00am

    ... risen sharply during the holiday season. Local shoppers are buying generously with the extra handout cash in their pocket, while mainland tourists are flocking to the city to experience ... Christmas break from Saturday to yesterday. Tourists are a big reason for the increase in revenue: they accounted for 40 per cent of total sales, up from 30 per cent a year ago. Tourists spend more ...

  6. Business - China Business - PROPERTY

    Longfor Properties banks on lower profit margins in 2013

    Posted Aug 18th 2012, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com The mainland developer voices confidence in better times ahead, with expectations that higher sales and investment properties will lift returns in future Longfor banks on lower profit margins in 2013 Mainland developer Longfor Properties is confident about its business outlook even though it expects a drop in gross profit margin next year. ...

  7. Production hits 9-month high

    Posted Jul 25th 2012, 12:00am

    ... in the United States and Europe- which remains their biggest market. Others were worried about the lower spending of mainland tourists in Hong Kong, and rising costs. ... Anita Lam anita.lam@scmp.com Manufacturing on the mainland in July grew the most in nine months, a sign that Beijing's monetary and investment stimulus may be paying off. The HSBC ...

  8. Ad spending reaches record high

    Posted Mar 28th 2012, 12:00am

    ... visitors during that period. The board estimates that average per capita spending of mainland tourists staying overnight in the city reached HK$8,220 last year. French make-up, skin care ... brands popular with mainland shoppers. Media-monitoring firm admanGo yesterday reported combined advertising expenditure in January and last month rose 12 per cent to HK$5.5 billion from last ...

  9. Market Calls

    Posted Jul 11th 2011, 12:00am

    ... and Times Square are leveraged to mainland tourist spending on discretionary items,' says Bramah. Julian Bu (Jefferies & Co), likewise, has been encouraged by the firm's ability ... to bring its luxury goods tax in line with Hong Kong's could slash the number of mainland visitors to the city. That has implications for Wharf, which owns the Times Square and Harbour City ...

  10. BEA losing steam on the mainland

    Posted Aug 03rd 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Bank of East Asia, Hong Kong's fifth-largest lender by assets, posted higher first-half earnings but warned that the quality of its assets on the mainland was deteriorating and the spread was narrowing between the bank's cost of funds and its loan income. The bank, which generates about 40 per cent of its business from the mainland, said net profit rose ...




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