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  • August 29, 2014
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  1. News - Hong Kong - ECONOMY

    Hong Kong retail sales slump by 3.1pc in July as consumers scrimp on luxury

    Posted Aug 28th 2014, 05:54pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Takings for last month were down 3.1pc on last year as mainland graft drive continued to bite Retail sales still gloomy despite summer holiday The summer holidays brought no relief for hard-pressed shopkeepers as retail sales declined for the sixth consecutive month- and retailers see no relief in sight until winter. Total sales were down 3.1 per cent ...

    http://www.scmp.com/news/hong-kong/article/1581472/hong-kong-retail-sales-slump-31pc-july-consumers-scrimp-luxury
  2. News - Hong Kong - BUSINESS

    Insurance may cover any losses by retailers during Occupy Central

    Posted Aug 29th 2014, 12:11am by Enoch Yiu, TIFFANY AP

    ... Enoch Yiu and Tiffany Ap Insurance may cover any lossesby retailers Some retailers and hotel groups will be covered by insurance against potential business losses should large protests ... the compensation of the business interruption insurance. However, if the event results in a sort of riot, such as some people smashing the windows of retail shops and the companies could not be open ...

    http://www.scmp.com/business/economy/article/1581568/insurance-may-cover-any-losses-retailers-during-occupy-central
  3. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected ... with Phillip Securities. "China Life has a bigger chance to be shortlisted with its background as a state-backed company," Chen said, adding a capital investment in the retail unit ...

    http://www.scmp.com/business/china-business/article/1581324/insurer-china-life-diversifies-bid-sinopec-retail-unit
  4. Business - Money - LISTINGS

    Lukewarm retail response sees China Vast add to international IPO offering

    Posted Aug 22nd 2014, 10:36am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com China Vast IPO sees tepid retail response China Vast Industrial Urban Development saw the retail tranche of its initial public offering only 97 per cent ... the international portion will represent 90.25 per cent of the global offering, with the rest going to Hong Kong retail investors. The initial offering had 31.97 million shares allotted for retail ...

    http://www.scmp.com/business/money/markets-investing/article/1579012/lukewarm-retail-response-sees-china-vast-add
  5. Property - Hong Kong & China - SHOPS

    Doubts expressed on future of subdivided retail floors

    Posted Aug 20th 2014, 05:21am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Doubts over future of subdivided retail floors The recent trend of property owners offering subdivided shops for sale may not be sustained because management complexities will make it hard for individual players to survive in a highly competitive retail sector, according to market watchers. Four shopping centres or large retail floors have or are planning ...

    http://www.scmp.com/property/hong-kong-china/article/1577040/doubts-expressed-future-subdivided-retail-floors
  6. Business - Economy

    US retail sales in sluggish start to quarter

    Posted Aug 14th 2014, 01:28am by BLOOM

    ... Bloomberg in Washington US retail sales in sluggish start to quarter Retail sales in the United States were little changed last month, the worst performance in six months, as car demand ... Some retailers must rely on promotions and discounts to entice customers, whose spending accounts for about 70 per cent of the economy. "We're seeing decent but not great consumer ...

    http://www.scmp.com/business/economy/article/1573095/us-retail-sales-sluggish-start-quarter
  7. Property - Hong Kong & China - INVESTMENT

    Citic Capital eyes pair of retail developments

    Posted Aug 12th 2014, 12:21pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Asset manager steps up shopping mall push on the mainland to tap urbanisation boom Citic Capital sets sights on two retail projects State-controlled asset management firm Citic Capital Holdings has cast a vote of confidence in the mainland's retail property sector with plans to buy two projects. "We plan to close the two deals by the end ...

    http://www.scmp.com/property/hong-kong-china/article/1571331/citic-capital-eyes-pair-retail-developments
  8. Comment - Insight & Opinion - LEADER

    There's a silver lining even as retail sales take a downturn

    Posted Aug 06th 2014, 04:35am by SCMP Editorial

    ... SCMP Editorial Silver lining in retail downturn The city's retail scene stood to win or lose from policies that impact on mainlanders who throng our shopping malls. On one hand, ... investment and spending to keep the economy on track to achieve growth goals. If Hong Kong's latest retail sales figures are anything to go by, Xi's anti-graft campaign is having a bigger ...

    http://www.scmp.com/comment/insight-opinion/article/1567221/theres-silver-lining-even-retail-sales-take-downturn
  9. Business - Banking & Finance - STRATEGY

    Wells Fargo takes retail out of game plan for China

    Posted Aug 04th 2014, 03:40am by DON WEINLAND

    ... Fargo takes retail out of game plan for China In the decade since the mainland opened its gate with much fanfare to foreign financial institutions, it has dished out some tough lessons on what ... some blunt insight on how to compete among its biggest financial institutions. Simply put: don't- at least not in retail banking. Wells Fargo had no intention of incorporating locally, ...

    http://www.scmp.com/business/banking-finance/article/1565748/wells-fargo-takes-retail-out-game-plan-china
  10. Comment - Insight & Opinion - JAKE'S VIEW

    'Grim' retail sales index tells only fraction of story

    Posted Aug 03rd 2014, 04:25am by Jake Van Der Kamp

    ... Jake van der Kamp Don't panic, retail sales index doesn't tell whole story The grim performance of Hong Kong's retail sales continued in June, producing the worst first-half ... The retail sales survey that goes into making up the retail sales index covers only 31 per cent of retail sales in Hong Kong. That's right, fewer than one-third of total retail sales. It used ...

    http://www.scmp.com/comment/insight-opinion/article/1565124/grim-retail-sales-index-tells-only-fraction-story

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