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  • October 31, 2014
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  1. Comment - Insight & Opinion

    Entry of more players in renminbi business is good for Hong Kong

    Posted Jul 10th 2013, 12:00am by ANITA FUNG

    ... Anita Fung says Hong Kong has no reason to fear competition in the offshore renminbi business, given our ties with the mainland, and should seek instead to work with other centres Years ... the renminbi to become a global currency. Anita Fung is chief executive officer of HSBC Hong Kong First in line ...

  2. News - China

    Asset or liability? Beijing's decision on whistle-blower could seal Snowden's fate

    Posted Jun 14th 2013, 12:00am by Teddy Ng and Zhang Hong

    ... national security, mainland observers say. But it will be handled in a low-profile manner to avoid upsetting the Sino-US relationship and being seen as meddling in Hong Kong affairs. Snowden's revelation, that the US government had been hacking into Hong Kong and mainland networks for years, had put Beijing in an awkward position, observers said. On the one hand, it hoped to extract ...

  3. News - Hong Kong - TRADE

    Ng Fung Hong 'will not resist' end to live cattle import monopoly

    Posted Jul 10th 2013, 12:00am by LO WEI

    ... Lo Wei wei.lo@scmp.com Live cattle import monopoly tipped to end as Ng Fung Hong indicates it is happy to see more competition and government talks to ministry Beef supplier 'will ... yesterday. The monopoly held by Ng Fung Hong may be coming to an end as the government signalled its intention to expand the market, telling legislators it was discussing arrangements ...

  4. News - Hong Kong - FOOD

    Ng Fung Hong says live cattle import profits down 11pc

    Posted Jan 15th 2013, 12:00am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Ng Fung Hong puts out figures amid calls for its monopoly on wholesale beef to end Sole importer says live cattle profits down 11pc In a rare public disclosure, the city's sole mainland beef distributor has reported a year-on-year fall of 11 per cent in gross profit on its live cattle imports. Ng Fung Hong imported 23,194 head of cattle last ...

  5. News - Hong Kong

    Government to study Ng Fung Hong monopoly's effect on beef prices

    Posted Dec 17th 2012, 12:00am by Johnny Tam, Joyce Ng

    ... from the mainland to slow soaring prices. The sole distributor for mainland beef- Ng Fung Hong- has raised wholesale prices by more than 30 per cent this year, increasing market prices to almost HK$100 a catty (604 grams). Secretary for Food and Health Dr Ko Wing-man said the government had met Ng Fung Hong representatives, as well as merchants, and would look into the reasons ...

  6. News - Hong Kong

    Ng Fung Hong ups beef prices by 6pc in year's sixth hike

    Posted Dec 22nd 2012, 12:00am by Ada Lee

    ... the supply of fresh beef from the mainland to slow soaring prices. With the latest increase, the retail price of beef is expected to go up to more than HK$100 per catty (604 grams). Ng Fung Hong said ... 'give face' to the government. Ko said [earlier] they would consider opening up the market, and now [Ng Fung Hong is] increasing the price." ...

  7. News - Hong Kong - ECONOMY

    Calls to break monopoly of wholesale beef supplier Ng Fung Hong

    Posted Jan 01st 2013, 12:00am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Calls to break monopoly of wholesale beef supplier Meat retailers have called on the government to break Ng Fung Hong's monopoly of wholesale beef, as they expect a quarter of the 500 players in the business to go bust after the Lunar New Year as a result of rising prices. Ng Fung Hong, the sole mainland beef distributor, announced six rounds ...

  8. News - Hong Kong - ENVIRONMENT

    WWF nonprofit ends union with wetland developer Cheung Kong

    Posted May 15th 2013, 12:00am by Joyce Ng

    ... project pulled out. WWF Hong Kong announced yesterday its immediate withdrawal from the Fung Lok Wai project near the Mai Po wetlands, saying it was not confident the form of the proposals would ... Joyce Ng joyce.ng@scmp.com Green group pulls out of Cheung Kong partnership as it is 'not confident' plans for project match its conservation objectives WWF ends union ...

  9. Ng Fung Hong buys chunk of General Food

    Posted Apr 27th 2004, 12:00am by Staff Reporter

    ... Winston Yau Mark Chen Shulin (left), chairman of Ng Fung Hong and Feng Yulin, chairman of Shenzhen Commerce & Trade Investment Holdings, shake hands after Ng Fung Hong, a foodstuff trader, agreed to spend 380 million yuan in acquiring a 70 per cent stake in Shenzhen General Food Corp, a Shenzhen-based, state-owned company engaged in livestock raising, slaughtering and meat ...

  10. Ng Fung Hong brings home the bacon

    Posted Nov 03rd 2005, 12:00am by Staff Reporter

    ... be wallowing in profits, but the opposite is true. Recent years have seen them squealing under a margin squeeze. One firm, however, possesses a golden piggy bank. Ng Fung Hong, a subsidiary of red-chip ... competition law would have on cross-border business activity. Import monopolies like that enjoyed by Ng Fung Hong pose a particular challenge. Such an arrangement by design limits competition and may ...




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