Chim Sau Wai

Billionaire Li Ka-shing's reorganisation of his business empire has nothing to do with Occupy Central, a director of one of his firms insists.

A MTR Corp joint venture has signed a letter of intent with the Beijing municipal government to invest in, operate and maintain Beijing Metro Line 16, which will partially open by the end of 2016.


Beijing's crackdown on fake trade seems to have made little difference as the recent surge in mainland exports of precious metals and jewellery and the discrepancy in Hong Kong-related trade figures signal the problem of inflated invoicing is back.

The "Singles Day" promotions of Alibaba Group Holding's Taobao and other e-commerce giants have boosted express parcel volumes this month, but also opened a loophole for tax avoidance that presents a challenge to customs authorities.

Shares in the mainland's two biggest train makers China CNR and CSR as well as their listed subsidiaries were suspended from trading yesterday in both Hong Kong and on the mainland.

Hong Kong expects to have a free trade agreement with Asean economies in place by 2016, government officials said yesterday as they sketched out a timeline for progress on trade talks that began in July.

Hong Kong commuters have been warned to set off for work early today after the two-day holiday break, as public transport services still face disruption due to the Occupy protests.

Kerry Logistics says it plans to invest in US transpacific freight forwarders to support its integrated logistics business in Asia.