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  • Dec 20, 2014
  • Updated: 11:48am

Hong Kong

Shanghai's free-trade zone puts Hong Kong's future in the spotlight

Shanghai's free-trade zone puts Hong Kong's future in the spotlight

Will the new Shanghai free-trade zone be a game changer? This question popped up in my mind when I read the breaking news on Wednesday evening about Beijing’s landmark approval to set up a free-trade zone in Shanghai.

Friday, 6 September, 2013, 8:06am 24 comments

Qianhai and Hong Kong: like Canary Wharf and the City of London?

Zhang Bei. Photo: Edward Wong

First, Shanghai. And now, Qianhai! Which other cities are waiting to join the competition with Hong Kong? Last week, I went to Qianhai, the small but important development zone in Shenzhen, for an interview with Zhang Bei, Qianhai's top boss.

6 Sep 2013 - 10:37am 1 comment

Qianhai economic zone chief says it won't compete with Hong Kong

Dozens of offices and support facilities will be built on this Qianhai site over the next few years.

The 15-square-kilometre site of the Qianhai special economic zone looks more like a construction site than a booming financial centre. But the top official in charge of the development says it will not only play a key role in liberalising the yuan but also help Hong Kong keep its status as a world-leading financial centre - a status many fear is threatened by Shanghai's ambitious rise.

6 Sep 2013 - 8:07am

Government measures take steam out of luxury property sector

A passer-by crosses a foot bridge in front of The Coronation, a luxury residential development built near a planned terminal for a high-speed train link to Beijing. Photo: Reuters

Government measures to curb runaway growth in Hong Kong property prices appear to be biting, particularly at the top end for luxury homes worth more than HK$10 million, according to Ricacorp Properties.

In the first half, luxury home sales have plunged to a four-year low to below 3,000 deals.

27 Jun 2013 - 3:53pm

Shanghai lacks self-confidence in how it restricts news of Taiwan bookstore

Eslite Bookstore in Hong Kong

I like Taipei. The city may not be as modern and fashionable as Hong Kong or Shanghai, but it has something that the other two cities may have already lost. The thing is called culture.

24 Jun 2013 - 8:20am 3 comments

Shanghai booster Fang Xinghai lands Beijing financial advisory role

A construction worker looks at Pudong financial district in Shanghai. Photo: Reuters

The key man behind Shanghai's ambitious plan to develop the city into the world's leading financial centre by 2020 has been promoted to an elite economic team that may help the city speed up its market reforms as it prepares to take on Hong Kong.

18 Jun 2013 - 8:05am 1 comment

Guess who's coming to dinner

Hosting - or attending - a dinner party is not always an easy task.

In many parts of the world, dinner parties are a time-honoured tradition. Self-respecting men and women open up their homes to regale friends with home-cooked food and stimulating conversation.

16 Jun 2013 - 9:57am

Philippines files racism complaint against Hong Kong fans

The Philippine Football Federation has asked Fifa to investigate allegations that Filipino supporters were subject to racist abuse during last week’s friendly in Hong Kong.

The federation’s head of marketing Ebong Joson said that complaint was filed on Tuesday. He said his office was preparing an official statement later on Thursday.

13 Jun 2013 - 1:19pm 1 comment

Hong Kong may widen renminbi business

Yuan deposits in Hong Kong totalled 836.6 billion yuan at the end of April, an increase of 16 per cent year on year. Photo: Bloomberg

Hong Kong may extend its collaboration on offshore yuan business to financial centres other than London, the head of the monetary authority said yesterday.

The city, the first and largest offshore yuan centre in the world, agreed to jointly develop offshore business in the currency with London in January last year.

13 Jun 2013 - 5:03am 1 comment

Hong Kong takes welcome step to a sustainable future

There needs to be a more co-ordinated approach to a sustainable agenda for Hong Kong, says Nicholas Brooke. Photo: Robert Ng

The release of the Blueprint for Sustainable Use of Resources by the Environment Bureau outlining policy proposals for the next 10 years is a welcome step in Hong Kong's becoming a more sustainable city.

12 Jun 2013 - 4:07am

Four firms set to begin roadshows

CAA Resources and Nexteer Automotive are among the firms seeking to list. Photo: Bloomberg

At least four companies kicked off their pre-marketing campaigns yesterday to raise a combined US$1.3 billion through initial public offerings in Hong Kong, banking on rising investor confidence on the back of the US economic recovery.

NW Hotel Investments, a spin-off of New World Development, is looking to raise about US$700 million.

11 Jun 2013 - 3:25am

Hong Kong firms less eager for tax advice

Hong Kong's tax system is relatively simple and straightforward.

Hong Kong companies are less eager for tax guidance and advice than their counterparts in the Asia-Pacific, according to a report from advisory firm Grant Thornton.

11 Jun 2013 - 3:25am

Do not misrepresent refugees

Files of asylum seekers in UNHCR's office at Jordan. Photo: K.Y. Cheng

Unfortunately, Victor Fung Keung, in his article "Blame the British colonial legacy for Hong Kong's racial intolerance" (June 4), fails to elaborate his argument adequately enough to prove the link between colonial rule and high levels of racial intolerance in Hong Kong.

10 Jun 2013 - 3:35am 1 comment

Racial taunting must not be tolerated

Survivors of the hostage shootings and relatives of the victims offer prayers during a Buddhist ceremony at the scene of the tragedy in Manila. Photo: Felix Wong

When a bus full of Hong Kong tourists was taken hostage and eight of them were killed in Manila three years ago, the local community was shocked. Watching the tragedy unfold on the television screen was traumatic, and left us feeling outraged yet helpless.

10 Jun 2013 - 3:35am 1 comment

Topshop takes first step into China with new Hong Kong flagship store

Topshop's new flagship store in Central spans 14,000 square feet over two floors. Photo: Bloomberg

Topshop, the popular British high street brand, stakes its claim in Hong Kong's crowded fashion retail market with the opening today of its flagship store in Central.

6 Jun 2013 - 4:15am