Karen Yeung

Hong Kong

Karen Yeung

Specialist Reporter, Business

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.

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Latest from Karen Yeung

China warned not to rush into creating digital currency to rival Facebook’s Libra, instead join global debate

China has fast tracked development of its sovereign digital currency, but a former central bank deputy governor has urged China to think about its response to Facebook’s Libra.

26 Jan 2020 - 9:58PM

China has fast tracked development of its sovereign digital currency, but a former central bank deputy governor has urged China to think about its response to Facebook’s Libra.

China warned not to rush into creating digital currency to rival Facebook’s Libra, instead join global debate
Hong Kong, Guangdong, Macau to join forces to reduce carbon emissions in Greater Bay Area

Greater Bay Area Green Finance Alliance will support projects to help meet China’s goal of zero net carbon emissions by 2050.

20 Jan 2020 - 10:12PM

Greater Bay Area Green Finance Alliance will support projects to help meet China’s goal of zero net carbon emissions by 2050.

Hong Kong, Guangdong, Macau to join forces to reduce carbon emissions in Greater Bay Area
Hong Kong dollar no longer ‘safe haven’ for investors as protests cast doubt, ‘father of dollar peg’ says

The ‘safe haven’ status of the Hong Kong dollar has diminished due to political instability caused by the anti-government protests, according to Invesco’s John Greenwood.

16 Jan 2020 - 9:28AM

The ‘safe haven’ status of the Hong Kong dollar has diminished due to political instability caused by the anti-government protests, according to Invesco’s John Greenwood.

Hong Kong dollar no longer ‘safe haven’ for investors as protests cast doubt, ‘father of dollar peg’ says
China-backed Asian Infrastructure Investment Bank won’t create ‘debt trap’ for borrowers, chief says

President Jin Liqun says the Asian Infrastructure Investment Bank will help to cut the debt burden of borrowing countries, while also addressing climate change.

15 Jan 2020 - 6:15AM

President Jin Liqun says the Asian Infrastructure Investment Bank will help to cut the debt burden of borrowing countries, while also addressing climate change.

China-backed Asian Infrastructure Investment Bank won’t create ‘debt trap’ for borrowers, chief says
Trade war deal will not fix US-China tensions as ex-Fed chair Yellen warns of long-term global impact

Ex-US Federal Reserve chair Janet Yellen warns of the risks of technological decoupling between China and the United States despite the looming phase one trade deal.

13 Jan 2020 - 6:26PM

Ex-US Federal Reserve chair Janet Yellen warns of the risks of technological decoupling between China and the United States despite the looming phase one trade deal.

Trade war deal will not fix US-China tensions as ex-Fed chair Yellen warns of long-term global impact
China seen to be complying with US trade war deal by allowing market forces to dictate yuan exchange rate

The phase one trade deal between China and the United States, set to be signed next week, is expected to include clauses prohibiting currency manipulation of the yuan.

9 Jan 2020 - 11:26AM

The phase one trade deal between China and the United States, set to be signed next week, is expected to include clauses prohibiting currency manipulation of the yuan.

China seen to be complying with US trade war deal by allowing market forces to dictate yuan exchange rate
China’s pork price rockets 97 per cent in December, keeping inflation at eight-year high

Pork prices in China rose by 97.0 per cent in December from a year earlier, keeping consumer inflation at an eight-year high of 4.5 per cent.

9 Jan 2020 - 10:30PM

Pork prices in China rose by 97.0 per cent in December from a year earlier, keeping consumer inflation at an eight-year high of 4.5 per cent.

China’s pork price rockets 97 per cent in December, keeping inflation at eight-year high
Trade war tariff threat, rising costs drives Hong Kong manufacturer to automate Chinese factory to survive

Hong Kong toymaker Eastcolight invested 70 million yuan (US$10 million) in a new factory in China instead of relocating production overseas in response to the trade war.

13 Jan 2020 - 9:42AM

Hong Kong toymaker Eastcolight invested 70 million yuan (US$10 million) in a new factory in China instead of relocating production overseas in response to the trade war.

Trade war tariff threat, rising costs drives Hong Kong manufacturer to automate Chinese factory to survive
China pledges ‘prudence’ in diversifying its foreign exchange reserves in 2020 as global risks rise

China will continue to carefully diversify its US$3.1 trillion foreign exchange reserve holdings, says the State Administration of Foreign Exchange.

6 Jan 2020 - 11:26PM

China will continue to carefully diversify its US$3.1 trillion foreign exchange reserve holdings, says the State Administration of Foreign Exchange.

China pledges ‘prudence’ in diversifying its foreign exchange reserves in 2020 as global risks rise
China’s richest tycoons hit by debt defaults, arrests and suicides in 2019 amid tightening regulation

A number of China’s wealthiest businesspeople fell from grace in 2019 amid debt defaults, criminal charges and tightening government regulation.

6 Jan 2020 - 10:01AM

A number of China’s wealthiest businesspeople fell from grace in 2019 amid debt defaults, criminal charges and tightening government regulation.

China’s richest tycoons hit by debt defaults, arrests and suicides in 2019 amid tightening regulation
Macau’s yuan remittance limit raised to same level as Hong Kong as Beijing starts to shift financial focus

China increased Macau’s daily yuan remittance quota to 80,000 yuan (US$11,400), the same limit as Hong Kong, in the latest boost for the casino hub.

19 Dec 2019 - 10:39PM

China increased Macau’s daily yuan remittance quota to 80,000 yuan (US$11,400), the same limit as Hong Kong, in the latest boost for the casino hub.

Macau’s yuan remittance limit raised to same level as Hong Kong as Beijing starts to shift financial focus
China’s fintech industry needs regulation to avoid risk build-up, central bank says

People’s Bank of China deputy governor Pan Gongsheng warns that while financial technology brings efficiencies, its risks must be closely regulated.

19 Dec 2019 - 10:01AM

People’s Bank of China deputy governor Pan Gongsheng warns that while financial technology brings efficiencies, its risks must be closely regulated.

China’s  fintech industry needs regulation to avoid risk build-up, central bank says
Hong Kong dollar peg: could the financial hub’s stable exchange rate keep Shenzhen and Macau at bay?

Analysts say Hong Kong’s importance to the mainland will continue because of its stable exchange rate under the US dollar peg, despite anti-government protests.

20 Dec 2019 - 10:31AM

Analysts say Hong Kong’s importance to the mainland will continue because of its stable exchange rate under the US dollar peg, despite anti-government protests.

Hong Kong dollar peg: could the financial hub’s stable exchange rate keep Shenzhen and Macau at bay?
Hong Kong dollar peg: could democracy act spell the end of the city’s US dollar peg?

Analysts say the Hong Kong Human Rights and Democracy Act could threaten the city’s exchange rate peg, though only in a ‘serious escalation’ of US and China tensions.

12 Dec 2019 - 5:31PM

Analysts say the Hong Kong Human Rights and Democracy Act could threaten the city’s exchange rate peg, though only in a ‘serious escalation’ of US and China tensions.

Hong Kong dollar peg: could democracy act spell the end of the city’s US dollar peg?
China’s pork price jumps 110 per cent, sending consumer inflation rocketing to eight-year high

China’s consumer price index (CPI) rose to 4.5 per cent from a year earlier, while the producer price index was minus 1.4 per cent year-on-year in November.

10 Dec 2019 - 11:28PM

China’s consumer price index (CPI) rose to 4.5 per cent from a year earlier, while the producer price index was minus 1.4 per cent year-on-year in November.

China’s pork price jumps 110 per cent, sending consumer inflation rocketing to eight-year high
Hong Kong dollar peg: why the city’s linked exchange system is an important buffer against financial crisis

Ongoing anti-government protests have led to some speculation that Hong Kong could be forced to sever its peg to the US dollar, which has been in place since 1983.

10 Dec 2019 - 10:32AM

Ongoing anti-government protests have led to some speculation that Hong Kong could be forced to sever its peg to the US dollar, which has been in place since 1983.

Hong Kong dollar peg: why the city’s linked exchange system is an important buffer against financial crisis
US dollar transfers cut back by Chinese bank as Beijing steps up scrutiny of capital outflows

China Merchants Bank has suspended a programme that allowed customers to set up automatic transfers to overseas accounts in US dollars.

4 Dec 2019 - 8:00PM

China Merchants Bank has suspended a programme that allowed customers to set up automatic transfers to overseas accounts in US dollars.

US dollar transfers cut back by Chinese bank as Beijing steps up scrutiny of capital outflows
China economic recovery to be short-lived despite manufacturing rebound as analysts fail to upgrade forecasts

Rebounds in China’s private and official manufacturing purchasing managers’ indices (PMIs) for November fail to result in upgrades in economic growth forecasts for 2020.

3 Dec 2019 - 9:21AM

Rebounds in China’s private and official manufacturing purchasing managers’ indices (PMIs) for November fail to result in upgrades in economic growth forecasts for 2020.

China economic recovery to be short-lived despite manufacturing rebound as analysts fail to upgrade forecasts
China’s small factory activity expanded in November at fastest pace in nearly three years

Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 51.8 from 51.7 in October, the fastest expansion since reaching 51.9 in December 2016.

2 Dec 2019 - 11:07AM

Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 51.8 from 51.7 in October, the fastest expansion since reaching 51.9 in December 2016.

China’s small factory activity expanded in November at fastest pace in nearly three years
China’s yuan is 10 years from ending US dollar hegemony, says economist Jeffrey Sachs

Jeffrey Sachs repeats claims that US dollar hegemony is nearing its end, with the Chinese yuan among those currencies to challenge within a decade.

29 Nov 2019 - 9:34AM

Jeffrey Sachs repeats claims that US dollar hegemony is nearing its end, with the Chinese yuan among those currencies to challenge within a decade.

China’s yuan is 10 years from ending US dollar hegemony, says economist Jeffrey Sachs
Hong Kong shipping could get a shot in the arm from China state-owned firms, says China Merchants

Government-backed companies could compliment the business models of private shipping firms in the financial hub, says state-backed China Merchants Energy Shipping.

27 Nov 2019 - 11:38AM

Government-backed companies could compliment the business models of private shipping firms in the financial hub, says state-backed China Merchants Energy Shipping.

Hong Kong shipping could get a shot in the arm from China state-owned firms, says China Merchants
Hong Kong elections: long queues as voting kicks off in first polls since protest crisis erupted

More than 4 million due to vote in Sunday’s district council elections, which have extra significance amid unrest. People arrive early at polling stations following rumours voting could close if trouble breaks out.

24 Nov 2019 - 6:26PM

More than 4 million due to vote in Sunday’s district council elections, which have extra significance amid unrest. People arrive early at polling stations following rumours voting could close if trouble breaks out.

Hong Kong elections: long queues as voting kicks off in first polls since protest crisis erupted
China will make state economy ‘stronger, better and bigger’, top trade negotiator Liu He says

The preferential treatment China gives its state-owned enterprises (SOEs) is one of the key disputes between Washington and Beijing.

25 Nov 2019 - 11:43AM

The preferential treatment China gives its state-owned enterprises (SOEs) is one of the key disputes between Washington and Beijing.

China will make state economy ‘stronger, better and bigger’, top trade negotiator Liu He says
US-China trade war has caused major shift in global trade landscape, says Li & Fung

Trade row between Washington and Beijing has complicated global trade environment, especially for logistics industry, says sourcing and logistics giant Li & Fung.

20 Nov 2019 - 5:01PM

Trade row between Washington and Beijing has complicated global trade environment, especially for logistics industry, says sourcing and logistics giant Li & Fung.

US-China trade war has caused major shift in global trade landscape, says Li & Fung
US trade war pushing foreign lighting companies to shift focus of China production to serve domestic market

Foreign lighting manufacturers in China are increasingly focusing on the country’s huge domestic market as the effects of US tariffs add up on their businesses.

21 Nov 2019 - 2:50PM

Foreign lighting manufacturers in China are increasingly focusing on the country’s huge domestic market as the effects of US tariffs add up on their businesses.

US trade war pushing foreign lighting companies to shift focus of China production to serve domestic market
China’s surging pork prices leave limited leeway for interest rate cut to support growth

Surging pork prices pushed China’s consumer price index to a nearly eight year high in October, making the central bank reluctant to act even as the economy slows further.

17 Nov 2019 - 5:06PM

Surging pork prices pushed China’s consumer price index to a nearly eight year high in October, making the central bank reluctant to act even as the economy slows further.

China’s surging pork prices leave limited leeway for interest rate cut to support growth
China’s new bank loans drop to lowest level in almost two years in October as manufacturers feel the pinch

Banks in China extended 661.3 billion yuan (US$94.5 billion) in net new loans last month, sharply down from the 1.69 trillion yuan (US$241.5 billion) in September.

12 Nov 2019 - 4:23PM

Banks in China extended 661.3 billion yuan (US$94.5 billion) in net new loans last month, sharply down from the 1.69 trillion yuan (US$241.5 billion) in September.

China’s new bank loans drop to lowest level in almost two years in October as manufacturers feel the pinch
Hong Kong start-ups lack Shenzhen’s international focus, limiting opportunities, survey finds

Mainland firms more focused on cutting-edge technology, while Hong Kong government support slow and inefficient, limiting chances to expand.

11 Nov 2019 - 11:38AM

Mainland firms more focused on cutting-edge technology, while Hong Kong government support slow and inefficient, limiting chances to expand.

Hong Kong start-ups lack Shenzhen’s international focus, limiting opportunities, survey finds
China’s yuan soars above key level against US dollar on hopes that Trump considering ditching some tariffs

Amid hopes that Donald Trump may remove some tariffs in US-China trade war phase one deal, China’s yuan bounced back above the 7 to the US dollar mark.

5 Nov 2019 - 7:47PM

Amid hopes that Donald Trump may remove some tariffs in US-China trade war phase one deal, China’s yuan bounced back above the 7 to the US dollar mark.

China’s yuan soars above key level against US dollar on hopes that Trump considering ditching some tariffs
China services sector activity slips to eight-month low in October, Caixin PMI survey shows

China’s services sector activity in October expanded at its slowest pace since February amid an ongoing trade war with the United States.

5 Nov 2019 - 10:41PM

China’s services sector activity in October expanded at its slowest pace since February amid an ongoing trade war with the United States.

China services sector activity slips to eight-month low in October, Caixin PMI survey shows