Georgina Lee

Georgina Lee

Latest from Georgina Lee

Hong Kong’s deteriorating economy puts city’s reputation as business hub at risk if protests persist, says Fitch

International perceptions of the intrinsic strengths of Hong Kong’s business environment are still at risk, which could eventually weaken its status, says Fitch.

12 Dec 2019 - 11:43PM

International perceptions of the intrinsic strengths of Hong Kong’s business environment are still at risk, which could eventually weaken its status, says Fitch.

Hong Kong’s deteriorating economy puts city’s reputation as business hub at risk if protests persist, says Fitch
Hong Kong virtual banks’ profitability hinges on their ability to harness payroll accounts, says KPMG

Hong Kong’s eight virtual banks, expected to launch operations in the first quarter of 2020, are likely garner up to three per cent of the city’s deposit base, says KPMG.

5 Dec 2019 - 10:04AM

Hong Kong’s eight virtual banks, expected to launch operations in the first quarter of 2020, are likely garner up to three per cent of the city’s deposit base, says KPMG.

Hong Kong virtual banks’ profitability hinges on their ability to harness payroll accounts, says KPMG
Hong Kong, Thailand to roll out two-tier tokens in digital currency prototype to speed up cross-border trade settlement

The two-tier system, similar to one under development by the People’s Bank of China, is a step forward in Project LionRock-Inthanon, which was established in November based on a fintech collaboration between HKMA and Bank of Thailand in May.

5 Dec 2019 - 6:37PM

The two-tier system, similar to one under development by the People’s Bank of China, is a step forward in Project LionRock-Inthanon, which was established in November based on a fintech collaboration between HKMA and Bank of Thailand in May.

Hong Kong, Thailand to roll out two-tier tokens in digital currency prototype to speed up cross-border trade settlement
State-owned China Resources’ private equity arm eyes investments in Hong Kong tech start-ups

China Resources Capital Management is seeking to invest in Hong Kong-based start-ups involved in life sciences and health care through its 500 million yuan angel fund.

27 Nov 2019 - 3:45PM

China Resources Capital Management is seeking to invest in Hong Kong-based start-ups involved in life sciences and health care through its 500 million yuan angel fund.

State-owned China Resources’ private equity arm eyes investments in Hong Kong tech start-ups
Ant Financial’s mutual-aid platform Xiang Hu Bao attracts 100 million users, boosts insurers’ sales by 60 per cent in first year

Xiang Hu Bao, an online mutual-aid platform owned by Ant Financial, has attracted 100 million users since its launch a year ago and helped insurers on the platform increase their health policy revenues by 60 per cent.

27 Nov 2019 - 10:54PM

Xiang Hu Bao, an online mutual-aid platform owned by Ant Financial, has attracted 100 million users since its launch a year ago and helped insurers on the platform increase their health policy revenues by 60 per cent.

Ant Financial’s mutual-aid platform Xiang Hu Bao attracts 100 million users, boosts insurers’ sales by 60 per cent in first year
Bitcoin tipped to slide further to US$6,500 as clampdown by China’s central bank spooks cryptocurrency traders

A rally triggered by a wrongly translated message on Twitter on President Xi Jinping’s support for blockchain wiped out as the People’s Bank of China continues to come down hard on cryptocurrencies.

26 Nov 2019 - 10:45PM

A rally triggered by a wrongly translated message on Twitter on President Xi Jinping’s support for blockchain wiped out as the People’s Bank of China continues to come down hard on cryptocurrencies.

Bitcoin tipped to slide further to US$6,500 as clampdown by China’s central bank spooks cryptocurrency traders
Chinese buyout firm Citic Capital Partners says a semiconductor sector rising to tech war challenge is ripe for the picking

Citic Capital Partners, the Chinese home-grown buyout firm that recently acquired 80 per cent of McDonald’s China and Hong Kong operations, sees potential deal opportunities in China’s semiconductor sector, an industry that is moving rapidly towards self sufficiency amid the ongoing US-China technology war.

25 Nov 2019 - 10:46PM

Citic Capital Partners, the Chinese home-grown buyout firm that recently acquired 80 per cent of McDonald’s China and Hong Kong operations, sees potential deal opportunities in China’s semiconductor sector, an industry that is moving rapidly towards self sufficiency amid the ongoing US-China technology war.

Chinese buyout firm Citic Capital Partners says a semiconductor sector rising to tech war challenge is ripe for the picking
Share prices of protest-battered shopping centre owners may go even lower, meaning investors should wait to buy, analysts say

The danger for shopping centre owners is that rents are partly tied to how much revenue tenants earn. Also, some retailers have asked for rent reductions. It’s weighing down share prices.

25 Nov 2019 - 7:30AM

The danger for shopping centre owners is that rents are partly tied to how much revenue tenants earn. Also, some retailers have asked for rent reductions. It’s weighing down share prices.

Share prices of protest-battered shopping centre owners may go even lower, meaning investors should wait to buy, analysts say
Hang Seng gains, but China stocks fall on uncertainty about what is ahead on trade deal if Trump signs bill supporting protesters

“We are seeing conflicting noise in the market,” said Ken Wong, a portfolio manager specialising on China at Eastspring Investments, referring to uncertainty about the pro-democracy bill in the US and its potential impact on trade talks.

22 Nov 2019 - 7:26PM

“We are seeing conflicting noise in the market,” said Ken Wong, a portfolio manager specialising on China at Eastspring Investments, referring to uncertainty about the pro-democracy bill in the US and its potential impact on trade talks.

Hang Seng gains, but China stocks fall on uncertainty about what is ahead on trade deal if Trump signs bill supporting protesters
Hang Seng Index gains, with Tencent, WH Group rising; in mainland, Kweichow Moutai tumbles 3 per cent

Meituan Dianping jumps on Q3 revenue beat; Kasen International soars nearly 500 per cent after rebuttal to short seller attack. 

24 Nov 2019 - 4:47PM

Meituan Dianping jumps on Q3 revenue beat; Kasen International soars nearly 500 per cent after rebuttal to short seller attack. 

Hang Seng Index gains, with Tencent, WH Group rising; in mainland, Kweichow Moutai tumbles 3 per cent
Hang Seng Index drops on US-China trade concerns; Tencent, WH Group and Sunny Optical fall

Donald Trump reportedly will sign legislation supporting Hong Kong protesters. That could upend progress on phase one US-China trade deal.

24 Nov 2019 - 4:50PM

Donald Trump reportedly will sign legislation supporting Hong Kong protesters. That could upend progress on phase one US-China trade deal.

Hang Seng Index drops on US-China trade concerns; Tencent, WH Group and Sunny Optical fall
China and Hong Kong stocks fall, as loan prime rate cuts weigh on banks and US-Beijing tensions flare up over protests

Beijing warned US President Donald Trump about backing legislation moving through the US Congress supporting Hong Kong’s pro-democracy demonstrators. The tension raised concerns about whether even a partial trade deal will be agreed upon.

21 Nov 2019 - 7:38AM

Beijing warned US President Donald Trump about backing legislation moving through the US Congress supporting Hong Kong’s pro-democracy demonstrators. The tension raised concerns about whether even a partial trade deal will be agreed upon.

China and Hong Kong stocks fall, as loan prime rate cuts weigh on banks and US-Beijing tensions flare up over protests
Hang Seng falls as Beijing warns Donald Trump about bill supporting Hong Kong protesters, threatening US-China mini trade deal

Stocks Blog: "Stocks fell in Hong Kong today on worries about escalating violence in the city and whether the US and China can reach even a partial trade deal," says Kenny Wen, wealth management strategist at Everbright Sun Hung Kai.  
 

21 Nov 2019 - 7:42AM

Stocks Blog: "Stocks fell in Hong Kong today on worries about escalating violence in the city and whether the US and China can reach even a partial trade deal," says Kenny Wen, wealth management strategist at Everbright Sun Hung Kai.  
 

Hang Seng falls as Beijing warns Donald Trump about bill supporting Hong Kong protesters, threatening US-China mini trade deal
Alibaba’s coming Hong Kong listing sends Hang Seng to biggest percentage gain in two weeks

Alibaba’s secondary listing could raise up to US$13.86 billion and is expected to catapult Hong Kong back to the top global IPO capital ranking.

20 Nov 2019 - 9:00AM

Alibaba’s secondary listing could raise up to US$13.86 billion and is expected to catapult Hong Kong back to the top global IPO capital ranking.

Alibaba’s coming Hong Kong listing sends Hang Seng to biggest percentage gain in two weeks
Stocks Blog: Want Want China shoots up on results; Tencent gains

Alibaba seeing strong interest in orders for its US$13.9 billion Hong Kong secondary listing. China indexes close with biggest percentage gain in two weeks. 

20 Nov 2019 - 8:32AM

Alibaba seeing strong interest in orders for its US$13.9 billion Hong Kong secondary listing. China indexes close with biggest percentage gain in two weeks. 

Stocks Blog: Want Want China shoots up on results; Tencent gains
China, Hong Kong stocks gain most in two weeks as investors cheer mainland rate cut news

An unexpected move by the People’s Bank of China to lower the seven-day reverse repo rate to 2.5 per cent from 2.55 per cent boosted market sentiment.

18 Nov 2019 - 5:27PM

An unexpected move by the People’s Bank of China to lower the seven-day reverse repo rate to 2.5 per cent from 2.55 per cent boosted market sentiment.

China, Hong Kong stocks gain most in two weeks as investors cheer mainland rate cut news
Stocks Blog: Tencent, AIA gain, while BeiGene drops on profit taking
China’s tech entrepreneurs are getting venture capital funding at home in push into Southeast Asian markets

China’s technology firms are stepping up their efforts to expand into Southeast Asian markets with home-grown capital, even as funding from private equity and venture capital firms has plunged this year amid uncertainties caused by the US-China trade war.

14 Nov 2019 - 10:03PM

China’s technology firms are stepping up their efforts to expand into Southeast Asian markets with home-grown capital, even as funding from private equity and venture capital firms has plunged this year amid uncertainties caused by the US-China trade war.

China’s tech entrepreneurs are getting venture capital funding at home in push into Southeast Asian markets
Philip Morris scours China start-ups for technology to replicate IQOS system in medical field

PM Equity Partner, the investing arm of Marlboro maker Philip Morris, is seeking to invest in inhalation technology for potential applications in the medical field.

13 Nov 2019 - 9:29AM

PM Equity Partner, the investing arm of Marlboro maker Philip Morris, is seeking to invest in inhalation technology for potential applications in the medical field.

Philip Morris scours China start-ups for technology to replicate IQOS system in medical field
Clients with less than US$1 million in savings, underserved by bricks-and-mortar banks, are the sweet spot for virtual lenders

The underserved market works out to US$1.88 billion on average for each of the eight licensed virtual banks, which goes some way to explain why they may yet find footholds in a city where 7.5 million residents are served by 164 licensed banks.

8 Nov 2019 - 10:53PM

The underserved market works out to US$1.88 billion on average for each of the eight licensed virtual banks, which goes some way to explain why they may yet find footholds in a city where 7.5 million residents are served by 164 licensed banks.

Clients with less than US$1 million in savings, underserved by bricks-and-mortar banks, are the sweet spot for virtual lenders
Crypto start-up AAX sees bitcoin futures to remain unregulated as Hong Kong tightens industry scrutiny

Hong Kong-based blockchain start-up Atom Group expects its cryptocurrency exchange to keep operating in an unregulated environment amid increased scrutiny of trading platforms to protect investors.

7 Nov 2019 - 7:16PM

Hong Kong-based blockchain start-up Atom Group expects its cryptocurrency exchange to keep operating in an unregulated environment amid increased scrutiny of trading platforms to protect investors.

Crypto start-up AAX sees bitcoin futures to remain unregulated as Hong Kong tightens industry scrutiny
Jack Ma-backed start-up fund steps up search for next biotech unicorn from Hong Kong

The US$131 million fund started by Jack Ma seeks to nurture the next biotech unicorn, as it looks to mirror the success of van-hailing app GoGoVan and fintech firm WeLab.

8 Nov 2019 - 11:53AM

The US$131 million fund started by Jack Ma seeks to nurture the next biotech unicorn, as it looks to mirror the success of van-hailing app GoGoVan and fintech firm WeLab.

Jack Ma-backed start-up fund steps up search for next biotech unicorn from Hong Kong
Hong Kong sets out regulatory framework for virtual asset trading platforms, emphasises investor protection

Hong Kong’s Securities and Futures Commission has issued a new regulatory framework for granting licences to centralised virtual asset trading platforms, with a strong emphasis on protection for investors and their virtual assets.

7 Nov 2019 - 6:15AM

Hong Kong’s Securities and Futures Commission has issued a new regulatory framework for granting licences to centralised virtual asset trading platforms, with a strong emphasis on protection for investors and their virtual assets.

Hong Kong sets out regulatory framework for virtual asset trading platforms, emphasises investor protection
China’s digital currency tsar says e-pay platforms could bypass banks to give tourists access to cashless payment services

Mu’s comment offers a peek and the theoretical framework into the Chinese central bank’s plan to spearhead the development of fintech, leveraging on the estimated US$12.8 trillion in electronic payments recorded by the world’s second-largest economy in the first 10 months of 2017.

7 Nov 2019 - 10:30AM

Mu’s comment offers a peek and the theoretical framework into the Chinese central bank’s plan to spearhead the development of fintech, leveraging on the estimated US$12.8 trillion in electronic payments recorded by the world’s second-largest economy in the first 10 months of 2017.

China’s digital currency tsar says e-pay platforms could bypass banks to give tourists access to cashless payment services
Good times may soon be over for China’s banks as interest margins are squeezed in the fourth quarter by rising competition for deposits

The squeeze on profitability underscores how China’s financial industry is grappling with survival after more than 12 months of a bruising trade war with the United States, amid slowing demand for loans and investments in the local economy’s slowest quarterly growth pace in decades.

4 Nov 2019 - 11:17AM

The squeeze on profitability underscores how China’s financial industry is grappling with survival after more than 12 months of a bruising trade war with the United States, amid slowing demand for loans and investments in the local economy’s slowest quarterly growth pace in decades.

Good times may soon be over for China’s banks as interest margins are squeezed in the fourth quarter  by rising competition for deposits
Sichuan beckons power-hungry cryptocurrency miners to the home of the pandas with cheap and plentiful hydroelectricity

Cryptocurrency miners could increasingly be drawn to the Chinese province of Sichuan, potentially boosting trading demand for bitcoin from China, as the local government heeds a call by President Xi Jinping to step up blockchain and digital currency development.

31 Oct 2019 - 8:45PM

Cryptocurrency miners could increasingly be drawn to the Chinese province of Sichuan, potentially boosting trading demand for bitcoin from China, as the local government heeds a call by President Xi Jinping to step up blockchain and digital currency development.

Sichuan beckons power-hungry cryptocurrency miners to the home of the pandas with cheap and plentiful hydroelectricity
Marlboro maker Philip Morris bets on heated tobacco product as ‘better alternative’ amid switch away from cigarettes

With the launch of its heated tobacco product IQOS, Philip Morris International, the industry giant behind brands such as Marlboro and Parliament cigarettes, is betting that the global population of a billion smokers will not shrink any time soon.

8 Nov 2019 - 11:57AM

With the launch of its heated tobacco product IQOS, Philip Morris International, the industry giant behind brands such as Marlboro and Parliament cigarettes, is betting that the global population of a billion smokers will not shrink any time soon.

Marlboro maker Philip Morris bets on heated tobacco product as ‘better alternative’ amid switch away from cigarettes
Asian private-equity managers turn to impact investing as demand rises among US, Europe investors, eye stronger returns and fundraising

Private-equity managers in Asia are increasingly turning to impact investing, or investments that generate a social and environmental impact alongside financial returns, in the search for higher returns as well as funds.

24 Oct 2019 - 7:00AM

Private-equity managers in Asia are increasingly turning to impact investing, or investments that generate a social and environmental impact alongside financial returns, in the search for higher returns as well as funds.

Asian private-equity managers turn to impact investing as demand rises among US, Europe investors, eye stronger returns and fundraising
Warburg Pincus-backed ESR Cayman seeks as much as US$1.45 billion in revived Hong Kong IPO

The Asia-Pacific-focused logistics real estate platform could become this year’s second largest IPO in Hong Kong after Budweiser Brewing, with the deal signalling a rebound in investor appetite.

22 Oct 2019 - 3:31PM

The Asia-Pacific-focused logistics real estate platform could become this year’s second largest IPO in Hong Kong after Budweiser Brewing, with the deal signalling a rebound in investor appetite.

Warburg Pincus-backed ESR Cayman seeks as much as US$1.45 billion in revived Hong Kong IPO
China stocks lose most in a month as lowest GDP growth on record fuels fears of long-term slowdown

China’s third-quarter GDP growth, at 6.0 per cent, was the lowest on record and fuelled doubts about the efficiency of stimulus measures

18 Oct 2019 - 5:33PM

China’s third-quarter GDP growth, at 6.0 per cent, was the lowest on record and fuelled doubts about the efficiency of stimulus measures

China stocks lose most in a month as lowest GDP growth on record fuels fears of long-term slowdown