It's no secret in Hong Kong's financial community that mainland banks have become the major job creators in the city, rescuing many laid-off bankers, mostly from Western banks.Monday, 18 March, 2013, 9:03am
The Netherlands is the latest country to limit infant formula purchases after some Dutch supermarkets found Chinese customers buying suspiciously large quantities of formula.14 Mar 2013 - 3:43pm
HSBC just announced disappointing results for 2012, a year full of bad news for the global bank founded in Hong Kong and Shanghai. Despite bad results, chief executive Stuart Gulliver still secured a bonus of £1.95 million (HK$22.7 million) for last year. His total compensation came to HK$109 million, including the release of deferred bonuses from previous years. For comparison, Gulliver's total compensation in 2011 was HK$82 million.14 Mar 2013 - 2:34pm 1 comment
As boring and insubstantial government news releases go, the bland piece that China’s top banking regulator put on the top of its website on Monday probably ranks eight out of 10.4 Mar 2013 - 10:51pm
Property prices are one of the hottest topics in Hong Kong these days. Everyone seems to have a strong opinion, although many have lost sight of the real issue.4 Mar 2013 - 9:02am 3 comments
The past week proved to be a scandalous one for the mainland's stock market.
A private conversation about the market outlook between one of the mainland's most respected analysts and an influential fund manager was secretly recorded by a third party and then leaked to the public.
The impact? What a shock!25 Feb 2013 - 2:49pm 2 comments
Despite the positive headlines you may read in the state media, a good number of these businessmen are quite worried about the country's economic prospects and their own ability to keep and grow their wealth.18 Feb 2013 - 9:11am 2 comments
Can small business survive these days? This may be a common question in a city like Hong Kong, where the so-called "real estate monopoly" can be blamed for almost everything.
Many of the city's small and privately owned shops and restaurants, run for decades by local families, have closed in the past few years, chiefly because of fast-rising rents in busy spots.4 Feb 2013 - 9:25am 2 comments
What can an employer do if he wants to hire more people but cannot add more permanent staff to the payroll, because of a freeze on new hires?
One option is to hire contractors rather than full-time permanent employees, a switch that is becoming more and more popular in the Hong Kong banking world.28 Jan 2013 - 5:39am 1 comment
Who holds the most bullish view in the world about the mainland's stock market these days? My answer is Guo Shuqing, the country's top securities regulator.21 Jan 2013 - 10:54am
The past week was hectic in terms of the news coverage of HSBC's deal to sell its stake in Ping An Insurance. Much of the focus was on who the behind-the-scenes buyer was.
Today, I will try to offer a personal look at the coverage from behind the scenes.14 Jan 2013 - 8:17am
It seems bigger is better when it comes to fashion labels and logos in Hong Kong.
You just need to do some so-called window shopping in Central to realise that Prada and Salvatore Ferragamo have got their branding down to an art form when it comes to the Asian consumer.7 Jan 2013 - 9:04am 2 comments
This time of year, the annual bonus is the talk of the town. Expectations in banking circles are running high, but the talk itself is kept pretty low. That's because since the 2008 global financial crisis, rewarding bankers has become a particularly sensitive topic.31 Dec 2012 - 8:55am
With the holidays upon us, our minds turn to gift-giving and the struggle to find something appropriate.
When my friends from the mainland travel to Hong Kong, they often ask me what they should buy as souvenirs for their friends.
What they really want is something memorable that won't be found elsewhere. I always wrestle with an answer.24 Dec 2012 - 10:23am
To most people, Christmas means presents. But to the banking industry, this Christmas may be more about Scrooge than Santa, warnings than gifts.17 Dec 2012 - 12:02pm