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  • July 26, 2014
  • Last updated: 9:21am
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  1. Business - Money - MR. SHANGKONG

    When it comes to the gold price war, bullish Chinese consumers can't wait to buy

    Posted Apr 16th 2013, 01:07pm by George Chen

    ... George Chen Sales are up in Mainland China and Hong Kong as price of gold falls While people in the United States and Europe are selling gold in panic, apparently it’s a very different story in the east. As the price of gold bullion tumbled another US$125 per ounce on Monday in its biggest-ever daily loss, some retail investors in Hong Kong and mainland China considered ...

  2. Business - Banking & Finance - MR. SHANGKONG

    Bank of China-CCTV drama may reveal power struggle in Beijing

    Posted Jul 14th 2014, 03:09am by George Chen

    ... George Chen george.chen@scmp.com Money laundering accusation may be sign of a power struggle within mainland banking system What's behind the BOC-CCTV drama? Late paramount leader ... Central Television (CCTV) of just such a stumble. CCTV surprised many when it accused BOC of providing "money laundering services" to rich mainlanders to help them emigrate. BOC, ...

  3. Comment - Insight & Opinion - MR. SHANGKONG

    Shares of local dairy-makers may win as rules force consumers to shop at home

    Posted Mar 14th 2013, 02:15pm by George Chen

    ... particularly from Hong Kong, the favourite shopping destination for mainland Chinese travellers. Mainland Chinese are justifiably still wary about China’s dairy products after a series of food safety ... want to go for the best of the domestic brands. “Imported milk formula is now out of stock (in mainland China). As a result, mainland consumers have fewer choices,” said Dong Guangyang and Long ...

  4. Comment - Insight & Opinion - MR. SHANGKONG

    Fashionistas' logo love affair shows big is beautiful in Hong Kong

    Posted Jan 07th 2013, 12:00am by George Chen

    ... in mainland China, got to know the British label from its classic scarf and windbreaker designs. Today when you drop by Burberry's high-rent stores in Causeway Bay and Admiralty, the thing ... of luxury bags and shoes. When mainland brokerages decide to host end-of-year parties, Hong Kong bankers and asset managers definitely like to splash out in these high-end stores. I was told ...

  5. Business - Comment - MR. SHANGKONG

    Shopping is good but ensure it does not become paradise lost

    Posted Dec 03rd 2012, 12:00am by George Chen

    ... there were lower than in Hong Kong. Taiwan, though, still has tight controls on visitors from the mainland. Should alarm bells be ringing in Hong Kong, particularly since some mainland cities have ... George Chen george.chen@scmp.com Mainlanders still love to spend in Hong Kong but competition in price and service is growing from Taiwan and the duty-free zones at home Shopping is good ...

  6. Business - Banking & Finance - MR. SHANGKONG

    Banking chiefs preoccupied with looming Occupy Central

    Posted Jun 23rd 2014, 03:08am by George Chen

    ... as a crisis similar to the time when the severe acute respiratory syndrome (Sars) disease broke out in 2003, dealing a huge blow to Hong Kong and mainland economic development. "Plan ...

  7. Business - Comment - MR. SHANGKONG

    Why dealmakers prefer to talk with 'rich second generation'

    Posted Jun 16th 2014, 03:07am by George Chen

    ... to talk to 'rich second generation' Economic uncertainties on the mainland have indirectly helped private equity dealmakers to make more acquisitions as capital-starved companies struggle to survive. Making their job easier is the rise of the second generation holders of family wealth, and even the next generation down. On the mainland, the term "rich second ...

  8. Business - Comment - MR. SHANGKONG

    From child to adult, the need to study never seems to end

    Posted Jun 09th 2014, 03:29am by George Chen

    ... to adult, the need to study never seems to end For many people, the past weekend was about one thing- education. I am not talking only about the annual national college entrance exam on the mainland ... on Saturday. On the mainland, the number of applicants was far larger- more than 25,000- making it the biggest participant in terms of the origin of CFA candidates, or about 17 per cent of all CFA exam ...

  9. Business - Economy - MR. SHANGKONG

    Xi Jinping's visit to Shanghai zone gives new hope to economic reform

    Posted May 26th 2014, 05:06am by George Chen

    ... supporter last Friday- a surprise first-time visit by President Xi Jinping. Some may say Xi's visit to the zone, the first of its kind on the mainland and modelled on Hong Kong's free port and market system, may only be symbolic, but such symbolic visits have often significantly changed the path of mainland economic development. For example, late paramount leader Deng Xiaoping's ...

  10. Business - Comment - MR. SHANGKONG

    Global business best done in person- or you may regret it

    Posted May 19th 2014, 03:22am by George Chen

    ... ourselves going nowhere. A friend who used to work for technology giant Microsoft on the mainland blamed two things for contributing to it becoming a weaker company- way too many PowerPoint ...




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