Joint Venture

JP Morgan aims to be biggest player in fund management market

JP Morgan Asset Management has carved a niche for itself as one of the leading overseas fund houses in town, but chairman Paul Bateman has his sights set on the firm becoming one of Hong Kong's largest houses overall.

Friday, 19 November, 2010, 12:00am

Cathay cargo venture set to take off

An air-cargo venture expected to increase Cathay Pacific Airways' presence on the mainland could take off as early as next month, chairman Christopher Pratt said yesterday.

18 Nov 2010 - 12:00am

Bigger MetLife eyes expansion in the region

MetLife, the US insurance company best known for its Snoopy icon and a US$16.2 billion takeover of American Life Insurance Company (Alico), wants to expand in the Asia-Pacific region through a combination of organic growth and acquisitions.

17 Nov 2010 - 12:00am

GM boosts mainland stake prior to US IPO

General Motors will pay US$51 million to boost its stake in its mainland commercial vehicle joint venture ahead of next week's planned US$10.6 billion stock market listing in New York, eyeing a larger piece of the growing vehicle demand in second and third tier cities and towns across the mainland.

12 Nov 2010 - 12:00am

Alex Frew McMillan

Luxury properties in Hong Kong are among the most sought after in the world.

This year, benefiting from an influx of capital from the mainland and overseas, ultra-low interest rates, and a tendency for wealthy individuals to prefer property over other asset classes, luxury property prices have surpassed records set in 1997.

12 Nov 2010 - 12:00am

Subway line rushed for Asian Games 'fails safety standards'

Guangzhou authorities have admitted some technical flaws in recently-built infrastructure, but say the rush to prepare the city for the Asian Games has not compromised the safety of its transport network.

7 Nov 2010 - 12:00am

Banco Santander to put China as priority

Spanish banking giant Banco Santander is expanding in China, as trade transactions between Asia and Latin America balloon among its clients.

'We are here in China because we must follow our clients,' said Juan Inciarte, senior executive vice-president for strategy. 'Our aim is to become one of the leading banks regarding trade transactions between Asia and Latin America.'

5 Nov 2010 - 12:00am

Lucky Ho on to a winner at last as City of Dreams hits jackpot

Record gambling volumes and a lucky streak on the high-stakes baccarat tables boosted Melco Crown Entertainment to its first quarterly profit since March 2008 in the three months to September.

3 Nov 2010 - 12:00am

Queen's Cube developer may 'learn lesson'

The development secretary says a developer may 'learn a lesson' from the latest residential project it delivered with the Urban Renewal Authority, which has been criticised for its tiny flats and sky-high prices.

Carrie Lam Cheng Yuet-ngor was commenting on the Queen's Cube project in Wan Chai, the URA development with Nan Fung Group which is currently on sale.

27 Oct 2010 - 12:00am

Tiger Gate wants to compete with entertainment giants

Tiger Gate Entertainment, a Hong Kong-founded pay-television channel operator and programming distributor, is stepping up its expansion with plans to extend its reach into the mainland and the release of its initial slate of films next year.

25 Oct 2010 - 12:00am

Lai See

No Peace for Mandarin Oriental in Shanghai

We see that the Mandarin Oriental Group after many years of searching has found a hotel to run in Shanghai. It has signed an agreement to manage a new luxury hotel currently under construction in Pudong which is expected to open in 2013.

22 Oct 2010 - 12:00am

KWG Property poised to top 10b yuan target

Guangzhou-based KWG Property Holding's contract sales this year are expected to exceed its target of 10 billion yuan (HK$11.67 billion).

The developer generated 9.3 billion yuan from contract sales in the first nine months, meeting 93 per cent of the sales target. The average price of the projects sold was 11,500 yuan per square metre.

22 Oct 2010 - 12:00am

Claustrophobic? Then it's best to stay away

If you're claustrophobic, it's probably not a good idea to visit the show flats for Wan Chai's new Queen's Cube development.

The toothpick-like tower at 239 Queen's Road East comprises 96 flats ranging from 401 sq ft to 582 sq ft. Excluding common areas, the flats are just 275 sq ft to 398 sq ft, inclusive of a 21 sq ft balcony and a 16 sq ft utility platform.

11 Oct 2010 - 12:00am

Boeing delay to affect Cathay cargo operation

Cathay Pacific Airways will be forced to operate a smaller freighter fleet for several months next year because of delays in the delivery and the need to transfer four aircraft to a new cargo joint venture in Shanghai.

The carrier will seek compensation from the manufacturer and talks will be held at an appropriate time, a Cathay spokesman said.

5 Oct 2010 - 12:00am

US foothold 'final stage of Brightoil plan'

Brightoil Petroleum, which delivers fuel oil to ships, plans to expand its bunkering service to the American port of Houston, in Texas, to complete its global service network.

29 Sep 2010 - 12:00am