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  • November 24, 2014
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  1. Li & Fung targets doubling of US onshore business

    Posted May 14th 2009, 12:00am by Staff Reporter

    ... revenue from the onshore business to US$3 billion by the end of next year from US$1.5 billion. Sales from the US, its biggest market, accounted for 62 per cent of the sourcing giant's turnover of HK$110 billion last year. The company has already acquired several businesses in the US. In July last year, it bought handbag importer Van Zeeland for HK$2.57 billion and in April ...

  2. Now gets down to business with US-style flourish

    Posted Mar 22nd 2006, 12:00am by Staff Reporter

    ... If imitation is the sincerest form of flattery, Richard Li Tzar-kai's new PCCW Now Business News Channel (Now BNC), which started broadcasting two days ago with Chief Executive Donald Tsang Yam-kuen as the guest of honour, is certainly paying the likes of General Electric's CNBC a compliment. Now BNC is like a typical US-based business news channel, operating a live ...

  3. Tai Fook expansion put on hold

    Posted Apr 13th 2005, 12:00am by Staff Reporter

    ... last year unveiled a campaign to relaunch its wealth management business, with plans to hire Elsa Pau, one of the industry's most colourful figures, to spearhead the division. 'We will continue to develop wealth management business, but we will adjust our expectation of its contribution to the group's overall profit,' Mr Wong said. Tai Fook had underestimated the time ...

  4. False advertisements bring fine

    Posted Nov 26th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong The Securities and Futures Commission (SFC) yesterday announced that it had reprimanded Bright Smart Securities International and its managing director Peter Yip Mow-lum, and fined each $50,000, for publishing false and misleading advertisemen ...

  5. What the broker said

    Posted Oct 09th 2005, 12:00am by Staff Reporter

    ... The impending price squeeze in the auto sector prompted Core Pacific-Yamaichi to set a 'sell' recommendation for Denway Motors last year, though DBS Vickers Securities maintained a 'buy'. Core Pacific-Yamaichi's move was influence ...

  6. Investment cap exemption eyed to lure white knights

    Posted Aug 16th 2005, 12:00am by Staff Reporter

    ... Bei Hu A special exemption from regulatory caps on foreign investment in banks and brokerages has been floated as a deal sweetener for overseas investors willing to help rescue troubled mainland financial institutions, according to sources. The pending re ...

  7. HSBC may book US$7b more of subprime charges

    Posted Nov 16th 2007, 12:00am by Staff Reporter

    ... results at the US business were not surprising given the sharp rise in defaults on lending and bad-loan charges,' said David Marshall, Fitch Rating's managing director and head ... HSBC said significant contributions from the Middle East and Asia Pacific could more than offset losses at the US business. But not everyone in the market is convinced. JP Morgan has ...

  8. New boss

    Posted Aug 17th 2008, 12:00am by Staff Reporter

    ... A Hong Kong man has been appointed to head Lantau's Disneyland. Will his local knowledge be an advantage and what advice would you offer him to help drum up more business? Write to us ...

  9. SFC argues case for being enforcer of listing rules

    Posted Mar 09th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Commission also believes the proposed fine cap is too low to inspire confidence The Securities and Futures Commission says it will support most of the government's proposed amendments to the Securities and Futures Ordinance, which are aim ...

  10. Shanghai grows 11pc despite Sars

    Posted Jul 02nd 2003, 12:00am by Staff Reporter

    ... He said the city had scheduled more than 180 conferences and exhibitions for the remainder of the year. US business magazine Forbes has picked Shanghai for its annual Global CEO Conference ...




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