• Sat
  • Sep 20, 2014
  • Updated: 3:44pm

Service Industries

China services activity picks up in March

Activity in the mainland's services industry rose to a four-month high last month, a private survey showed yesterday, even as persistent weakness in manufacturing has reinforced fears of a sharper-than-expected economic slowdown.

Friday, 4 April, 2014, 12:41am

Shanghai cooks up five-star goals, but the salt is missing

People often talk of how important "software" is for a truly international city after it has already established very good "hardware". They are just like two legs for a person: you can't walk well without either of the two.

14 Oct 2013 - 10:59am 6 comments

There must be a limit to mainland visitor numbers

The city's economy was stagnant in 2003, before a new policy allowed mainlanders to visit Hong Kong as individuals. The resulting increase was dramatic. The number of mainland visitors rose from 6.8 million in 2002 to 12.25 million in 2004 and to 28.1 million last year, the Tourism Board reports.The total is forecast to rise further this year.

10 Dec 2012 - 7:37am 1 comment

Business Digest, December 6, 2012

Chinese insurers freer to invest in banks

6 Dec 2012 - 3:16am

Always consider 'what if' scenario

Popular wisdom in Hong Kong tends to enshrine property ownership as the key element in any investment portfolio, but one of the repeated mistakes in managing personal wealth is to get swept along by this type of thinking.

7 May 2012 - 12:00am

Cakes and regular calls to find and keep clients

Johnny Cheng Kong-pang (left), an AIA associate financial planner, had a successful career as a pastry chef before he entered the financial services industry. One day some time ago, Cheng accompanied his girlfriend to seek financial advice from Matthew Lui Yue-chun at AIA.

23 Mar 2012 - 12:00am

Sun always shines for planners

The recession forced individual investors to rethink all kinds of assumptions about risk, returns, and the relative importance of different wealth management products in their portfolios. In most cases, the necessary adjustments led to reduced expectations and a more cautious outlook, an inevitable consequence of the general economic trauma.

10 Mar 2012 - 12:00am

Insurers pull back from disclosure policy as Commissioner defers issue

The initiative to provide more transparency on fees changed for investment-linked insurance products has had a setback

On February 29, Annie Choi Suk-han of the Insurance Authority, Hong Kong's main regulator of the insurance industry, sent a letter to the insurance industry with the topic line: Commission Disclosure.

5 Mar 2012 - 12:00am

Cost in the mists of time

A common but poorly understood category of investments has had some harsh scrutiny recently. A wealthy businessman took his financial adviser, the Hong Kong-based Clearwater International, to court over the high commission he paid on on a class of products called investment linked assurance schemes (ILAS).

27 Feb 2012 - 12:00am

Raising the bar, crossing the border

Catering to the growing wealth management needs of Hong Kong's well-heeled also includes extending the boundaries of wealth management excellence.

According to Rosetta Fong, chief executive officer at Convoy Financial Services, financial advisers looking to provide competent and ethical financial planning services need more than just academic qualifications.

7 Jan 2012 - 12:00am