Peggy Sito

Hong Kong

Peggy Sito

Deputy Business Editor

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.

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Latest from Peggy Sito

Stanley Ho, patriarch of Asia’s largest casino empire and the ‘King of Gambling’ for more than half a century, dies at 98

Ho leaves behind a gambling empire that contributed to as much as half of the tax receipts earned by the Macau government, a heft that made him the first living Macanese to have an avenue in the territory named after him.

5 hours ago

Ho leaves behind a gambling empire that contributed to as much as half of the tax receipts earned by the Macau government, a heft that made him the first living Macanese to have an avenue in the territory named after him.

Stanley Ho, patriarch of Asia’s largest casino empire and the ‘King of Gambling’ for more than half a century, dies at 98
Digitalisation the way forward for global apparel makers in post-coronavirus era as bankruptcies reshape industry

Industry players say manufacturers that survive the downturn will turn to technology to streamline production processes and become nimble.

25 May 2020 - 10:02PM

Industry players say manufacturers that survive the downturn will turn to technology to streamline production processes and become nimble.

Digitalisation the way forward for global apparel makers in post-coronavirus era as bankruptcies reshape industry
Companies rush to replace ‘just in time’ supply chains with ‘just in case’ contingencies as Covid-19 upends global manufacturing

Industry players and supply chain experts said the shifting of the supply chain model is most likely in the production of essential goods such as food and medical devices.

16 May 2020 - 2:36PM

Industry players and supply chain experts said the shifting of the supply chain model is most likely in the production of essential goods such as food and medical devices.

Companies rush to replace ‘just in time’ supply chains with ‘just in case’ contingencies as Covid-19 upends global manufacturing
Thomas Hui, trusted aide of Li Ruigang – ‘China’s Rupert Murdoch’ – is named chairman of Hong Kong’s troubled TVB free-to-air broadcaster

Thomas Hui To, COO of mainland Chinese tycoon Li Ruigang’s China Media Capital, has become non-executive chairman of Television Broadcasts in the latest move that signals Li’s increasing influence at the city’s struggling free-to-air broadcaster

29 Apr 2020 - 11:42PM

Thomas Hui To, COO of mainland Chinese tycoon Li Ruigang’s China Media Capital, has become non-executive chairman of Television Broadcasts in the latest move that signals Li’s increasing influence at the city’s struggling free-to-air broadcaster

Thomas Hui, trusted aide of Li Ruigang – ‘China’s Rupert Murdoch’ – is named chairman of Hong Kong’s troubled TVB free-to-air broadcaster
Hong Kong health firms to find more opportunities for expansion in Greater Bay Area because of coronavirus

Hong Kong’s medical and health care service providers will see further demand for their high-quality medical services thanks to the coronavirus pandemic, industry players said.

19 Apr 2020 - 9:35PM

Hong Kong’s medical and health care service providers will see further demand for their high-quality medical services thanks to the coronavirus pandemic, industry players said.

Hong Kong health firms to find more opportunities for expansion in Greater Bay Area because of coronavirus
China will become more influential in the world’s drug market as rush for coronavirus vaccine spurs more investment, research, says Fosun Pharma

Regulatory changes aimed at lowering prices, and greater investment in research and development triggered by Covid-19 will give China an edge, says Shanghai Fosun Pharmaceutical.

14 Apr 2020 - 11:03PM

Regulatory changes aimed at lowering prices, and greater investment in research and development triggered by Covid-19 will give China an edge, says Shanghai Fosun Pharmaceutical.

China will become more influential in the world’s drug market as rush for coronavirus vaccine spurs more investment, research, says Fosun Pharma
How Wuhan and the coronavirus are shaping China’s medical reforms

In the last of a five-part series, Peggy Sito considers the impact Beijing’s intervention against Covid-19 – in Wuhan and elsewhere – will have on its health care policies in the longer term.

11 Apr 2020 - 12:49PM

In the last of a five-part series, Peggy Sito considers the impact Beijing’s intervention against Covid-19 – in Wuhan and elsewhere – will have on its health care policies in the longer term.

How Wuhan and the coronavirus are shaping China’s medical reforms
By letting staff share Huawei’s stock and profit, Ren Zhengfei instils kinship and unleashes telecom giant’s ‘wolf culture’

Huawei’s staff shareholding structure turns its eligible employees into stakeholders, engendering the kind of kinship and shared responsibility that contribute to its ‘wolf culture’.

12 May 2020 - 11:50AM

Huawei’s staff shareholding structure turns its eligible employees into stakeholders, engendering the kind of kinship and shared responsibility that contribute to its ‘wolf culture’.

By letting staff share Huawei’s stock and profit, Ren Zhengfei instils kinship and unleashes telecom giant’s ‘wolf culture’
McDonald’s, KFC chicken supplier shows how Chinese firms with the best digital, online game have weathered the coronavirus storm

A survey by the Hupan School of Entrepreneurship showed companies with the best digital and online capabilities have weathered the crisis most effectively

30 Mar 2020 - 1:57PM

A survey by the Hupan School of Entrepreneurship showed companies with the best digital and online capabilities have weathered the crisis most effectively

McDonald’s, KFC chicken supplier shows how Chinese firms with the best digital, online game have weathered the coronavirus storm
Club Med owner Fosun Tourism says China recovery will help ease the pain as coronavirus shuts down European operations

Fosun Tourism says occupancy at its Atlantis Sanya resort is recovering, even as it temporarily starts shutting down operations in Italy and France.

20 Mar 2020 - 8:09AM

Fosun Tourism says occupancy at its Atlantis Sanya resort is recovering, even as it temporarily starts shutting down operations in Italy and France.

Club Med owner Fosun Tourism says China recovery will help ease the pain as coronavirus shuts down  European operations
Hong Kong slashes interest rate after US Fed’s second emergency cut, as Covid-19 pandemic gathers pace and roils global economies

Hong Kong lowered its base rate to 0.86 per cent, joining the US Federal Reserve in yet another emergency move to protect the economy from viral pandemic. Stocks slide.

16 Mar 2020 - 11:00PM

Hong Kong lowered its base rate to 0.86 per cent, joining the US Federal Reserve in yet another emergency move to protect the economy from viral pandemic. Stocks slide.

Hong Kong slashes interest rate after US Fed’s second emergency cut, as Covid-19 pandemic gathers pace and roils global economies
What has China’s public healthcare system learned from the twin coronavirus outbreaks of Sars and Covid-19?

In the first of a five-part series on China’s healthcare system, Peggy Sito outlines the challenges facing the system worth US$2.3 trillion by 2030 in the most populous nation, as it finds itself at the epicentre of a second coronavirus outbreak in two decades.

14 Mar 2020 - 9:31PM

In the first of a five-part series on China’s healthcare system, Peggy Sito outlines the challenges facing the system worth US$2.3 trillion by 2030 in the most populous nation, as it finds itself at the epicentre of a second coronavirus outbreak in two decades.

What has China’s public healthcare system learned from the twin coronavirus outbreaks of Sars and Covid-19?
Will the global coronavirus outbreak impede or help HNA Group’s debt workout programme to slim down?

As the global coronavirus outbreak keeps tourists, business travellers and aircraft fleets on the ground, it is sapping HNA Group of the much-needed cash flow from its airlines and weighing on a plan to unwind its debt.

13 Mar 2020 - 8:51PM

As the global coronavirus outbreak keeps tourists, business travellers and aircraft fleets on the ground, it is sapping HNA Group of the much-needed cash flow from its airlines and weighing on a plan to unwind its debt.

Will the global coronavirus outbreak impede or help HNA Group’s debt workout programme to slim down?
Hong Kong Airlines in talks with Air China, others for strategic lifeline after earlier white knights balked at HNA Group’s price

The emergence of several new white knights is the latest twist in the story of Hong Kong Airlines’ journey back to financial health.

9 Mar 2020 - 11:20AM

The emergence of several new white knights is the latest twist in the story of Hong Kong Airlines’ journey back to financial health.

Hong Kong Airlines in talks with Air China, others for strategic lifeline after earlier white knights balked at HNA Group’s price
HNA seeks help from Hainan government as coronavirus outbreak imperils highly leveraged group’s debt workout

The weekend reshuffle comes as HNA Group, which owns Hainan Airlines and Hong Kong Airlines among its myriad assets from aviation to hotels, banking and real estate, has come under intense pressure to repay debt that ran to US$108 billion at its 2018 peak.

29 Feb 2020 - 10:48PM

The weekend reshuffle comes as HNA Group, which owns Hainan Airlines and Hong Kong Airlines among its myriad assets from aviation to hotels, banking and real estate, has come under intense pressure to repay debt that ran to US$108 billion at its 2018 peak.

HNA seeks help from Hainan government as coronavirus outbreak imperils highly leveraged group’s debt workout
HNA Group’s fate hangs in the balance as coronavirus lockdowns scupper the Chinese asset buyer’s debt workout plan

This year was meant to be the “decisive year” for HNA, co-founder Chen Feng said in his new year message to employees. But his best-laid plans ran into China’s coronavirus outbreak, as dozens of cities enforced lockdowns that prevented citizens from travelling either domestically, or overseas.

20 Feb 2020 - 9:03PM

This year was meant to be the “decisive year” for HNA, co-founder Chen Feng said in his new year message to employees. But his best-laid plans ran into China’s coronavirus outbreak, as dozens of cities enforced lockdowns that prevented citizens from travelling either domestically, or overseas.

HNA Group’s fate hangs in the balance as coronavirus lockdowns scupper the Chinese asset buyer’s debt workout plan
Hong Kong and Shanghai-listed Fosun Pharma says it has sought approval from Beijing for its coronavirus test kits

Shanghai Fosun Pharmaceutical, a Hong Kong and Shanghai-listed mainland Chinese health care group, said it has applied for emergency approval from Beijing for a newly developed test kit that can be used to confirm cases of Covid-19.

14 Feb 2020 - 10:21AM

Shanghai Fosun Pharmaceutical, a Hong Kong and Shanghai-listed mainland Chinese health care group, said it has applied for emergency approval from Beijing for a newly developed test kit that can be used to confirm cases of Covid-19.

Hong Kong and Shanghai-listed Fosun Pharma says it has sought approval from Beijing for its coronavirus test kits
JPMorgan targeting full ownership of mainland operations as it completes 100 years in China

US bank plans to take full ownership of its mainland operations from securities to asset management next year, says Mark Leung, JPMorgan’s China CEO.

14 Feb 2020 - 10:39PM

US bank plans to take full ownership of its mainland operations from securities to asset management next year, says Mark Leung, JPMorgan’s China CEO.

JPMorgan targeting full ownership of mainland operations as it completes 100 years in China
Global consumers reel from China’s coronavirus containment as stop-work orders disrupt supplies of iPhones, Hyundai cars and toilet paper

China’s manufacturing prowess – the country is dubbed the ‘world’s factory’ for everything from clothing to cars to smartphones and toys – is being emaciated, as the government ordered assembly workers to stay home to contain a coronavirus outbreak.

11 Feb 2020 - 11:57AM

China’s manufacturing prowess – the country is dubbed the ‘world’s factory’ for everything from clothing to cars to smartphones and toys – is being emaciated, as the government ordered assembly workers to stay home to contain a coronavirus outbreak.

Global consumers reel from China’s coronavirus containment as stop-work orders disrupt supplies of iPhones, Hyundai cars and toilet paper
China’s big spending millennials and Gen Z help Chanel, LVMH and other luxury retailers defy its slowest economic growth in 30 years

China’s growth has always been driven by younger consumers, consultancy McKinsey & Company says.

17 Feb 2020 - 8:44PM

China’s growth has always been driven by younger consumers, consultancy McKinsey & Company says.

China’s big spending millennials and Gen Z help Chanel, LVMH and other luxury retailers defy its slowest economic growth in 30 years
Former bodyguard to visiting presidents Jiang Zemin and Bill Clinton sees his Hong Kong security firm thrive as violent protests drive demand

Formerly a close protection officer in the Hong Kong police’s VIP Protection Unit, Clement Lai has guarded Chinese President Jiang Zemin and US President Bill Clinton during visits. Lai quit his job in 2015 and now runs a security firm that’s in high demand amid the violence that has rocked the city.

1 Jan 2020 - 11:25PM

Formerly a close protection officer in the Hong Kong police’s VIP Protection Unit, Clement Lai has guarded Chinese President Jiang Zemin and US President Bill Clinton during visits. Lai quit his job in 2015 and now runs a security firm that’s in high demand amid the violence that has rocked the city.

Former bodyguard to visiting presidents Jiang Zemin and Bill Clinton sees his Hong Kong security firm thrive as violent protests drive demand
Has President Xi finally set Macau on the path to shedding its reliance on casinos and becoming a financial hub?

On his recent visit to mark 20 years since its return to Chinese rule, Xi said his government supported Macau in its goals of diversifying away from casino revenues into tourism and finance

28 Dec 2019 - 4:30PM

On his recent visit to mark 20 years since its return to Chinese rule, Xi said his government supported Macau in its goals of diversifying away from casino revenues into tourism and finance

Has President Xi finally set Macau on the path to shedding its reliance on casinos and becoming a financial hub?
Foreign capital gives mainland China’s commercial property a miss as global uncertainties and slowing domestic economy take a toll on sentiment

Foreign institutional investors have been deterred by the prospect of lower asset values and the further decline of the yuan, says Li Yandong, partner at Gopher Asset’s real estate fund investment unit

18 Dec 2019 - 7:00AM

Foreign institutional investors have been deterred by the prospect of lower asset values and the further decline of the yuan, says Li Yandong, partner at Gopher Asset’s real estate fund investment unit

Foreign capital gives mainland China’s commercial property a miss as global uncertainties and slowing domestic economy take a toll on sentiment
China’s car parking problem spawns start-ups with big money backers as AI dominance grows

China’s rise as an economic powerhouse is giving its population a passport to financial success while spawning a host of businesses seeking to profit from the shortage of parking spaces in the world’s biggest car market.

16 Dec 2019 - 1:25PM

China’s rise as an economic powerhouse is giving its population a passport to financial success while spawning a host of businesses seeking to profit from the shortage of parking spaces in the world’s biggest car market.

China’s car parking problem spawns start-ups with big money backers as AI dominance grows
What does it take for the oldest French fashion brand Lanvin to get a shot at China’s 350 million millennial hearts and minds?

Lanvin, which marked its 130th anniversary with a concept store at the Bund Finance Centre on Shanghai’s famous riverfront Bund, is hoping to make 40- 50 per cent of its turnover in the mainland in the medium term.

7 Dec 2019 - 1:30PM

Lanvin, which marked its 130th anniversary with a concept store at the Bund Finance Centre on Shanghai’s famous riverfront Bund, is hoping to make 40- 50 per cent of its turnover in the mainland in the medium term.

What does it take for the oldest French fashion brand Lanvin to get a shot at China’s 350 million millennial hearts and minds?
Hong Kong airport faces decade of growth pain as CEO tackles protests, recession and falling revenue

Five years into his job as chief executive officer of Airport Authority Hong Kong, Fred Lam is facing his gravest challenge to keep one of the world’s busiest airports humming.

6 Dec 2019 - 12:32PM

Five years into his job as chief executive officer of Airport Authority Hong Kong, Fred Lam is facing his gravest challenge to keep one of the world’s busiest airports humming.

Hong Kong airport faces decade of growth pain as CEO tackles protests, recession and falling revenue
Explainer: How big a deal for businesses and companies is the Hong Kong Human Rights and Democracy Act?

The bill requires an annual review by the US Secretary of State to certify whether Hong Kong remains “sufficiently autonomous” to justify the special treatment. It also opens the door to sanctions on officials deemed responsible for human rights abuses.

29 Nov 2019 - 6:34PM

The bill requires an annual review by the US Secretary of State to certify whether Hong Kong remains “sufficiently autonomous” to justify the special treatment. It also opens the door to sanctions on officials deemed responsible for human rights abuses.

Explainer: How big a deal for businesses and companies is the Hong Kong Human Rights and Democracy Act?
Explainer | What is fungibility, and what’s the big deal with Alibaba’s fungible shares on New York and Hong Kong exchanges?

A fully fungible stock can be bought or sold in one marketplace to be converted or sold on another, and pricing on the two are unlikely to diverge too much from each other.

1 Dec 2019 - 9:41AM

A fully fungible stock can be bought or sold in one marketplace to be converted or sold on another, and pricing on the two are unlikely to diverge too much from each other.

What is fungibility, and what’s the big deal with Alibaba’s fungible shares on New York and Hong Kong exchanges?
Alibaba’s Hong Kong shares get fast entry into Hang Seng Composite Index in boon for city’s stock market trading indicator

The fast entry by Alibaba into the broader Hang Seng Composite Index raises hopes that the China Securities Regulatory Commission (CSRC) and the stock exchanges of the two mainland Chinese cities would give their green light soon to admit the company’s shares to the Connect scheme.

28 Nov 2019 - 10:42AM

The fast entry by Alibaba into the broader Hang Seng Composite Index raises hopes that the China Securities Regulatory Commission (CSRC) and the stock exchanges of the two mainland Chinese cities would give their green light soon to admit the company’s shares to the Connect scheme.

Alibaba’s Hong Kong shares get fast entry into Hang Seng Composite Index in boon for city’s stock market trading indicator
China’s onshore funds emerge as ‘buying force’ in Alibaba’s Hong Kong IPO, existing shareholders increase their stakes

China’s onshore money managers are among the biggest new investors in Alibaba’s US$12.9 billion stock offering, making them a ready source of capital for technology peers contemplating a secondary listing in Hong Kong.

26 Nov 2019 - 11:04AM

China’s onshore money managers are among the biggest new investors in Alibaba’s US$12.9 billion stock offering, making them a ready source of capital for technology peers contemplating a secondary listing in Hong Kong.

China’s onshore funds emerge as ‘buying force’ in Alibaba’s Hong Kong IPO, existing shareholders increase their stakes