Hong Kong

Acquisitions no easy way for Singaporean banks to win in Hong Kong, mainland China

Questions have been raised over the price OCBC paid in taking over Wing Hang Bank. Photos: AFP, Bloomberg

Can Singaporean banks win more business in Hong Kong or even in the much bigger mainland market simply through high-cost acquisitions?

Monday, 7 April, 2014, 8:37am

Hong Kong lawmakers need Shanghai trip to face up to social issues

Shanghai is definitely not what it used to be in the eyes of its people.

Most of the time, Shanghai just means business, but the city has also played some significant political roles in contemporary Chinese history. The Sino-US Shanghai Communiqué was signed there in 1972, marking a new chapter in ties for the two big nations.

31 Mar 2014 - 8:13am 1 comment

Citic's mega takeover deal comes as win-win for Beijing and Hong Kong

Citic's mega takeover deal comes as win-win for Beijing and Hong Kong

Beijing's decision to let a Hong Kong-listed unit of Citic Group take over its parent company in a deal valued at about 225 billion yuan (HK$283.6 billion) surprised the financial community on Wednesday evening.

31 Mar 2014 - 5:52pm 2 comments

Paper cuts sharpest, says Alibaba's Jack Ma

Alibaba's chairman Jack Ma's push into internet finance has raised regulatory concern over risks from the new business. Photo: Xinhua

How do you defeat the country's No 1 e-commerce firm? It may not require any innovation in technology, just a piece of paper, says Jack Ma Yun, the founder and chairman of Alibaba.

As the central government steps up its efforts to crack down on the red-hot online finance sector - led by Alibaba and its rival Tencent - Ma could not remain silent any longer.

20 Mar 2014 - 12:53am 1 comment

Hong Kong should not be a dumping ground for middling IPOs

Yao Gang, vice-chairman of the China Securities Regulatory Commission

"As long as you can meet the listing requirements of the Hong Kong stock exchange, you should definitely go there." That was the clear message from one of the most senior stock market regulators on the mainland when asked about the funding needs of small-sized, capital-hungry private enterprises.

10 Mar 2014 - 10:18am 5 comments

Mainlanders use ‘free money’ from Hong Kong banks to earn higher returns at home

When tax bills arrive from the Inland Revenue each year, Hong Kong banks aggressively market loans to customers. Photo: Garrige Ho

Mainland Chinese working in Hong Kong have found a way to use “free money” from local banks to invest in profitable financial products across the border.

They take advantage of cheap personal loans aggressively hawked by banks in an attempt to expand their business. The borrowers quietly turn around and invest the cash on the mainland for higher returns.

27 Feb 2014 - 12:42am 7 comments

We need to hear more, not less, from our intellectuals

In today's China, gong zhi, or "public intellectual", has also become a label that many knowledgeable people try to avoid.

Many of my colleagues and friends know I have two real-life identities - by day I am an editor and journalist with the South China Morning Post, and at weekends I am a student at the University of Hong Kong who hopes to survive a four-year doctoral programme and someday be called Dr. Chen.

24 Feb 2014 - 8:26am 11 comments

Tense time as Hong Kong face Papua New Guinea in crunch qualifier

Irfan Ahmed has been outstanding at the crease for Hong Kong during the ICC World Cup qualifiers in New Zealand. Photo: Dickson Lee

"Can we dare to dream?" Hong Kong Cricket Association chairman Mike Walsh and all local fans are on tenterhooks as Jamie Atkinson leads Hong Kong out for their final game at the ICC World Cup qualifiers against Papua New Guinea in Lincoln, New Zealand, today.

29 Jan 2014 - 10:25pm

12 new free-trade zones to follow in Shanghai's footsteps

The 12 new free trade zones would include Guangdong, which has been lobbying the central government by highlighting its economic ties with Hong Kong. Photo: Bloomberg

The central government has agreed in principle to approve 12 new free-trade zones (FTZs), three months after giving the special status to Shanghai.

23 Jan 2014 - 4:17pm 1 comment

Chinese art buyers help Christie's to record sales year

Christie's staff take phone bids at its Shanghai auction in September last year. The firm now has a Chinese-language website. Photo: AFP

Chinese buyers drove up Christie's sales by 14 per cent to US$7.13 billion last year, a record high not just for the British auction house but for any company ever in the art market.

23 Jan 2014 - 4:30pm

Tianhe Chemicals IPO follows boss' daughter to UBS

JPMorgan saw the Tianhe Chemicals deal go to UBS, where one of the US bank's former employees had moved. Photo: AFP

Mary had a little lamb, Joyce Wei has an IPO. Wherever the daughter of Tianhe Chemicals chairman Wei Qi goes, follows the potential US$1 billion IPO deal.

First, it was JP Morgan Chase that was supposed to be working on the initial public offering of the Liaoning-based company. Joyce Wei was then working as an investment banking associate there.

22 Jan 2014 - 4:37pm 9 comments

Hong Kong's top ranking for economic freedom feels a good laugh

 Hong Kong is still the regional headquarters of many Fortune 500 firms, but the growth trend looks weak.

Did the Heritage Foundation ever send its experts into the streets of Hong Kong to meet ordinary people and ask them how free the city's economy has become in recent years?

20 Jan 2014 - 9:17am 3 comments

Regulation delay puts foreign banks in a spot in Shanghai free-trade zone

More than 1,400 companies have registered to set up in Shanghai's free-trade zone but only 38 of them are from overseas. Photo: Reuters

Foreign banks lobbied to set up in the mainland's first free-trade zone in Shanghai are grappling with a dilemma - what can they really do in the ambitious zone?

15 Jan 2014 - 5:39am 1 comment

Toys and games help us get back to a simpler way of life

HKTDC Hong Kong Toys and Games Fair, which features nearly 2,000 exhibitors from 39 countries and regions. Photo: Handout

Follow the author on Twitter: @george_chen

With politics seemingly crowding out business in Hong Kong these days, Asia's largest toy fair has come to town and is a welcome distraction.

6 Jan 2014 - 8:29am

Fluency in Chinglish doesn't count as World City yardstick

Hang Seng Bank

Before I start to tell you two stories, let me ask you a question: In general, do you feel English-language skills of Hong Kong people are increasing or declining since the 1997 handover?

16 Dec 2013 - 11:29am 52 comments

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