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  • September 20, 2014
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  1. Business - Economy - RETAIL

    Hong Kong year-on-year retail sales show 4.1 per cent drop for May

    Posted Jul 03rd 2014, 11:47pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Year-on-year consumer spending dropped by 4.1pc in May amid ongoing effects of poor jewellery sales and discounting by retailers City's shop sales drop for third month Hong Kong's retail sales fell 4.1 per cent year on year in May, the third straight month of shrinking consumer spending exclusing the Lunar New Year month of Feburary, ...

    http://www.scmp.com/business/economy/article/1546132/hong-kong-year-year-retail-sales-show-41-cent-drop-may
  2. Business - Banking & Finance - CURRENCIES

    Mainland China banks set own yuan rates for retail clients

    Posted Jul 04th 2014, 01:41am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Beijing's latest easing on exchange rate with greenback comes in lead-up to talks with US Mainland banks set own yuan rates for retail clients Mainland banks set their own exchange rates for the yuan against the US dollar for the first time yesterday in deals with retail clients, following the latest steps by the People's Bank ...

    http://www.scmp.com/business/banking-finance/article/1546129/mainland-china-banks-set-own-yuan-rates-retail-clients
  3. Business - Banking & Finance - BANKS

    Singapore changes liquidity rules for major retail banks

    Posted Jun 26th 2014, 01:08am by BLOOM

    ... Bloomberg in Singapore Large retail lenders will be required to hold cash assets in the country to support outflows Singapore brings in liquidity reform Singapore said banks with a "significant retail presence" in the city-state will soon be required to maintain some liquid assets in the country to support short-term cash outflows. The new liquidity framework applies to all ...

    http://www.scmp.com/business/banking-finance/article/1540543/singapore-changes-liquidity-rules-major-retail-banks
  4. Business - Money

    Chart of the day: Property fallout looms

    Posted Sep 18th 2014, 05:57am by CITI RESEARCH

    ... Chart of the day: Property fallout looms The impact on the production chain of the slowdown in the property sector is lagging the property cycle and has become evident since August. The year-to-date retail sales of related sectors were growing at double digits, with those of construction and decoration materials up 14.8 per cent year on year, home appliances rising 12.6 per cent ...

    http://www.scmp.com/business/money/markets-investing/article/1594765/chart-day-property-fallout-looms
  5. Comment - Insight & Opinion

    'Gutter oil' scandal shows why we must keep track of the food chain

    Posted Sep 16th 2014, 03:11am by SCMP Editorial

    ... restaurants, retailers and distributors involved. They are affected by a ban on the sale, supply and importation of all lard and lard products made in the last six months by Chang Guann, the Taiwanese ... and suppliers, and manufacturing and retail outlets takes time. It is also arguable, however, that the example of the Taiwanese authorities, who acted more swiftly to compile a list of products ...

    http://www.scmp.com/comment/insight-opinion/article/1593363/gutter-oil-scandal-shows-why-we-must-keep-track-food-chain
  6. Business - China Business - TECHNOLOGY

    After IPO success, JD.com chief seeks to oust Alibaba as No 1 online retailer

    Posted Jun 21st 2014, 12:53am by Reuters

    ... Reuters in Beijing After successful New York IPO, JD.com founder Richard Liu has his sights set on being No1 JD.com chief in control as he targets Alibaba With an iron grip, JD.com founder Richard Liu Qiangdong has dragged China's No2 online retailer from a Beijing backwater to a rich New York listing. Beyond the wealth that brought him lies Liu's next target- beating Jack ...

    http://www.scmp.com/business/china-business/article/1537237/after-ipo-success-jdcom-chief-seeks-oust-alibaba-no-1-online
  7. Property - Hong Kong & China - LEASING

    Retailers downsize as luxury sales slump

    Posted Jun 10th 2014, 03:37pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Firms switch to a conservative approach in their expansion in HK after a change in mainlanders' spending patterns triggers slump in luxury sales Retailers go for smaller shops Retailers that target mainland tourists are changing their leasing strategy and downsizing to reduce risk after sales of luxury items fell the most in five years. ...

    http://www.scmp.com/property/hong-kong-china/article/1529249/retailers-downsize-luxury-sales-slump
  8. News - Hong Kong - RETAILING

    Sotheby's opens wine shop in Hong Kong, its second after New York

    Posted Sep 17th 2014, 04:35am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Sotheby's wine shop is for drinkers and investors Auctioneer Sotheby's has moved into the retail wine business in Hong Kong, hoping to tap ... been blamed for a drop in retail sales in the city, especially those of luxury goods. Retail sales have fallen year-on-year for six consecutive months since February, and the value of sales ...

    http://www.scmp.com/news/hong-kong/article/1594226/sothebys-opens-wine-shop-hong-kong-its-second-after-new-york
  9. News - Hong Kong - ECONOMY

    Jobless rate could rise if retail sales keep declining, financial secretary warns

    Posted Jun 09th 2014, 03:03am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Poor April figures and troubling external business factors worry financial secretary Fall in retail sales could cost jobs, Tsang says Hong Kong's unemployment rate of 3.1 per cent may go up if retail sales continue to shrink and the external business environment does not improve, Financial Secretary John Tsang Chun-wah warned yesterday. He ...

    http://www.scmp.com/news/hong-kong/article/1528229/jobless-rate-could-rise-if-retail-sales-keep-declining-financial
  10. Business - Money - EQUITIES

    Chinese retail investors see quick returns from next round of IPOs

    Posted Jun 11th 2014, 01:15am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Retail investors line up for quick IPO returns A clutch of new shares about to flood the mainland's equity market is expected to exacerbate weak sentiment but, emboldened by past experience, retail investors are still queuing up to chase quick returns from the newly listed stocks. Market watchers predict the securities regulator ...

    http://www.scmp.com/business/money/markets-investing/article/1529580/chinese-retail-investors-see-quick-returns-next

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