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

Asia-Pacific economies make slow progress in bringing women to company boardrooms

Women make up 24 per cent of company boardrooms around the globe this year, up from 15.1 per cent in 2015, but progress remains slow in may parts of Asia-Pacific, according to Credit Suisse Research Institute.

Women make up 24 per cent of company boardrooms around the globe this year, up from 15.1 per cent in 2015, but progress remains slow in may parts of Asia-Pacific, according to Credit Suisse Research Institute.

Asia-Pacific economies make slow progress in bringing women to company boardrooms
11 Oct 2021 - 8:36AM
Evergrande pares Shengjing Bank stake for US$1.55 billion as distressed developer buys more time to repay bondholders

Evergrande’s founder Hui Ka-yan is racing against time to save his property empire from collapsing with more asset sales. The developer is expected to ask for more time to service another offshore bond.

Evergrande’s founder Hui Ka-yan is racing against time to save his property empire from collapsing with more asset sales. The developer is expected to ask for more time to service another offshore bond.

Evergrande pares Shengjing Bank stake for US$1.55 billion as distressed developer buys more time to repay bondholders
4 Oct 2021 - 7:32PM
Evergrande: Hui Ka-yan’s childhood dreams fuelled a debt binge and audacious goal that has left the world on tenterhooks

Except for a rap on the knuckles, Evergrande was mostly spared from China’s 2017 debt crackdown, which led to the downsizing of Anbang, CEFC, HNA and Wanda.

Except for a rap on the knuckles, Evergrande was mostly spared from China’s 2017 debt crackdown, which led to the downsizing of Anbang, CEFC, HNA and Wanda.

Evergrande: Hui Ka-yan’s childhood dreams fuelled a debt binge and audacious goal that has left the world on tenterhooks
4 Oct 2021 - 7:31PM
Owner of TamJai, SamGor rice noodle restaurants aims for HK$1.4 billion in Hong Kong IPO

Hong Kong restaurant chain owner Tam Jai International has launched an HK$1.4 billion (US$180 million) initial public offering as the city’s stock market picked up by the most in almost two weeks.

Hong Kong restaurant chain owner Tam Jai International has launched an HK$1.4 billion (US$180 million) initial public offering as the city’s stock market picked up by the most in almost two weeks.

Owner of TamJai, SamGor rice noodle restaurants aims for HK$1.4 billion in Hong Kong IPO
23 Sep 2021 - 10:41PM
HNA Group to be broken into four independent units as Chinese conglomerate’s restructuring enters final stretch

HNA will be split into four independently run businesses: aviation, airport, financial and commercial, says executive chairman Gu Gang, who is leading the group’s revamp.

HNA will be split into four independently run businesses: aviation, airport, financial and commercial, says executive chairman Gu Gang, who is leading the group’s revamp.

HNA Group to be broken into four independent units as Chinese conglomerate’s restructuring enters final stretch
20 Sep 2021 - 10:59PM
Hong Kong biotech start-up Arctic Vision eyes leading role in China, Asia ophthalmic medicine markets

Arctic Vision, which counts Tencent and Nan Fung Group among its backers, plans to launch its first product in China and seek a stock market listing in Hong Kong next year.

Arctic Vision, which counts Tencent and Nan Fung Group among its backers, plans to launch its first product in China and seek a stock market listing in Hong Kong next year.

Hong Kong biotech start-up Arctic Vision eyes leading role in China, Asia ophthalmic medicine markets
19 Sep 2021 - 10:18PM
Macau puts casinos in the cross hairs to stem capital flows and tighten daily operations, sending stocks into a tailspin

The consultation, released a day after the city’s second Five Year Development Plan, is likely to translate into a new gambling law, most likely coming into effect before Macau’s six casino concessions expire in June 2022.

The consultation, released a day after the city’s second Five Year Development Plan, is likely to translate into a new gambling law, most likely coming into effect before Macau’s six casino concessions expire in June 2022.

Macau puts casinos in the cross hairs to stem capital flows and tighten daily operations, sending stocks into a tailspin
15 Sep 2021 - 11:38PM
Will collapse of Blackstone’s Soho China deal foreshadow caution by foreign investors in future real estate tie-ups?

Blackstone’s bid to buy the Chinese developer fell through last week as foreign deals face greater scrutiny in Beijing and the country’s real estate sector faces its own challenges.

Blackstone’s bid to buy the Chinese developer fell through last week as foreign deals face greater scrutiny in Beijing and the country’s real estate sector faces its own challenges.

Will collapse of Blackstone’s Soho China deal foreshadow caution by foreign investors in future real estate tie-ups?
15 Sep 2021 - 8:49PM
Beijing Stock Exchange could be alternative to SPAC listings by innovative Chinese tech companies, trade group says

New Beijing bourse could serve as an alternative listing venue for innovative Chinese tech firms as regulatory crackdown weighs on appetite for SPAC tie-ups, trade group says.

New Beijing bourse could serve as an alternative listing venue for innovative Chinese tech firms as regulatory crackdown weighs on appetite for SPAC tie-ups, trade group says.

Beijing Stock Exchange could be alternative to SPAC listings by innovative Chinese tech companies, trade group says
14 Sep 2021 - 8:42AM
Suning founder Zhang Jindong faces hostile creditors in attempt to delay US$600 million bond repayment

Zhang Jindong, the founder of Suning.com, is seeking more time to repay a US$600 million bond due next week, one of his largest chunks of debt. Some noteholders are resisting and ready to pounce.

Zhang Jindong, the founder of Suning.com, is seeking more time to repay a US$600 million bond due next week, one of his largest chunks of debt. Some noteholders are resisting and ready to pounce.

Suning founder Zhang Jindong faces hostile creditors in attempt to delay US$600 million bond repayment
8 Sep 2021 - 9:45PM
SenseTime parlays academic bona fides in facial recognition, image processing into world’s largest artificial intelligence platform

China’s AI industry may triple to 453.26 billion yuan in value by 2025 from last year, while a broader AI-driven industry may be as large as 1.66 trillion yuan, which underscores the strategic importance of the field in the Made in China 2025 industrial master plan.

China’s AI industry may triple to 453.26 billion yuan in value by 2025 from last year, while a broader AI-driven industry may be as large as 1.66 trillion yuan, which underscores the strategic importance of the field in the Made in China 2025 industrial master plan.

SenseTime parlays academic bona fides in facial recognition, image processing into world’s largest artificial intelligence platform
22 Aug 2021 - 12:09AM
Hong Kong-listed Chinese sportswear brand Li-Ning says mainland growth a springboard to take on global names

The company will seize new opportunities to expand and ‘develop its brand from a Chinese brand to an internationally recognised top-class global, fashionable and professional sports brand’, former Olympian Li Ning says.

The company will seize new opportunities to expand and ‘develop its brand from a Chinese brand to an internationally recognised top-class global, fashionable and professional sports brand’, former Olympian Li Ning says.

Hong Kong-listed Chinese sportswear brand Li-Ning says mainland growth a springboard to take on global names
13 Aug 2021 - 9:17PM
Hong Kong’s Prenetics aims to make Covid-19 testing quick and easy at home through Circle HealthPod’s reusable system

The device will let households manage their health with fast, accurate and lab-quality testing when and where it is needed, said Danny Yeung, the company’s CEO.

The device will let households manage their health with fast, accurate and lab-quality testing when and where it is needed, said Danny Yeung, the company’s CEO.

Hong Kong’s Prenetics aims to make Covid-19 testing quick and easy at home through Circle HealthPod’s reusable system
10 Aug 2021 - 11:42AM
Singaporean cancer diagnostics start-up eyes China, home to a third of the world’s deaths from the disease

Early detection will deliver ‘major clinical and socioeconomic benefits’ to China’s rapidly ageing populations, says MiRXES chief executive officer Lihan Zhou.

Early detection will deliver ‘major clinical and socioeconomic benefits’ to China’s rapidly ageing populations, says MiRXES chief executive officer Lihan Zhou.

Singaporean cancer diagnostics start-up eyes China, home to a third of the world’s deaths from the disease
8 Aug 2021 - 10:30PM
Mirror, mirror on the wall, can you tell me if I’m fat or fit? Fiture aims to disrupt US, Europe markets with Tencent’s backing

Chinese smart fitness unicorn Fiture, which has been backed by Tencent Holdings and New World Development’s Adrian Cheng Chi-kong, is eyeing expansion in Europe and the United States.

Chinese smart fitness unicorn Fiture, which has been backed by Tencent Holdings and New World Development’s Adrian Cheng Chi-kong, is eyeing expansion in Europe and the United States.

Mirror, mirror on the wall, can you tell me if I’m fat or fit? Fiture aims to disrupt US, Europe markets with Tencent’s backing
2 Aug 2021 - 6:35PM
China’s ageing society: tech platforms step in with array of health care services to assist greying population

Opportunities in China’s elderly health care will shift to the development of tech-based products and services to help people live longer in their homes and increase their independence and well being.

Opportunities in China’s elderly health care will shift to the development of tech-based products and services to help people live longer in their homes and increase their independence and well being.

China’s ageing society: tech platforms step in with array of health care services to assist greying population
24 Jul 2021 - 5:41PM
Adrian Cheng-backed investment firm leverages New World Development resources in search of China’s next unicorns

C Ventures, a private investment vehicle backed by the scion behind New World Development, is eager to bet on more new-economy start-ups by leveraging on its resources and networks.

C Ventures, a private investment vehicle backed by the scion behind New World Development, is eager to bet on more new-economy start-ups by leveraging on its resources and networks.

Adrian Cheng-backed investment firm leverages New World Development resources in search of China’s next unicorns
19 Jul 2021 - 10:06AM
Liquidators pursue Peking Founder’s assets in Hong Kong after ‘keepwell’ storm as US$11.3 billion bailout plan progresses

Offshore creditors are wasting no time in trying to recoup their money by seizing the assets of Peking University Founder Group in Hong Kong while an onshore rescue plan progresses.

Offshore creditors are wasting no time in trying to recoup their money by seizing the assets of Peking University Founder Group in Hong Kong while an onshore rescue plan progresses.

Liquidators pursue Peking Founder’s assets in Hong Kong after ‘keepwell’ storm as US$11.3 billion bailout plan progresses
8 Jul 2021 - 10:47AM
Has Xpeng’s dual primary listing set the stage for homecoming by more US-listed Chinese tech firms?

Xpeng has become the first company with a weighted voting rights structure to choose Hong Kong as its second home jurisdiction in a dual primary listing.

Xpeng has become the first company with a weighted voting rights structure to choose Hong Kong as its second home jurisdiction in a dual primary listing.

Has Xpeng’s dual primary listing set the stage for homecoming by more US-listed Chinese tech firms?
7 Jul 2021 - 5:15PM
He Xiaopeng counts on melding technology with transport as he transforms Xpeng’s smart electric cars in his vision of mobility

There is probably no better place on Earth for He to realise his dream than China, which surpassed the United States in 2009 as the world’s largest market for vehicles powered by internal combustion engines.

There is probably no better place on Earth for He to realise his dream than China, which surpassed the United States in 2009 as the world’s largest market for vehicles powered by internal combustion engines.

He Xiaopeng counts on melding technology with transport as he transforms Xpeng’s smart electric cars in his vision of mobility
9 Jul 2021 - 10:53PM
Melco’s Lawrence Ho to list SPAC in US$150 million IPO in New York

Lawrence Ho Yau-lung, the chairman and CEO of Macau casino operator Melco Resorts & Entertainment, is poised to list a special purpose acquisition company (SPAC) in New York.

Lawrence Ho Yau-lung, the chairman and CEO of Macau casino operator Melco Resorts & Entertainment, is poised to list a special purpose acquisition company (SPAC) in New York.

Melco’s Lawrence Ho to list SPAC in US$150 million IPO in New York
30 Jun 2021 - 4:00PM
Tesla’s rival Xpeng prices Hong Kong IPO at HK$165 per share as electric carmaker kicks off second primary listing

Xpeng’s move to seek a dual-primary listing in Hong Kong following its New York listing last August could pave the way for Nasdaq-listed rivals Li Auto and NIO to follow-suit.

Xpeng’s move to seek a dual-primary listing in Hong Kong following its New York listing last August could pave the way for Nasdaq-listed rivals Li Auto and NIO to follow-suit.

Tesla’s rival Xpeng prices Hong Kong IPO at HK$165 per share as electric carmaker kicks off second primary listing
30 Jun 2021 - 10:46PM
Hong Kong’s housing land supply shrinks to 10-year low, setting the stage for home prices to spiral in one of the world’s costliest cities

With the dismal supply, local authorities will have to turn to the subway operator MTR Corporation, the Urban Renewal Authority (URA) and private developers for new homes to meet demand in the city of 7.5 million people.

With the dismal supply, local authorities will have to turn to the subway operator MTR Corporation, the Urban Renewal Authority (URA) and private developers for new homes to meet demand in the city of 7.5 million people.

Hong Kong’s housing land supply shrinks to 10-year low, setting the stage for home prices to spiral in one of the world’s costliest cities
29 Jun 2021 - 11:59PM
Hong Kong can connect Greater Bay Area with world, much like San Francisco’s role in Bay Area, US think tank says

Hong Kong can connect the Greater Bay Area with the rest of the world, much like San Francisco’s role in the San Francisco/Silicon Valley Bay Area.

Hong Kong can connect the Greater Bay Area with the rest of the world, much like San Francisco’s role in the San Francisco/Silicon Valley Bay Area.

Hong Kong can connect Greater Bay Area with world, much like San Francisco’s role in Bay Area, US think tank says
25 Jun 2021 - 8:30AM
Xpeng gets the green light for Hong Kong IPO, extending city’s dual listing process to attract companies to raise capital

The creation of the dual primary listing process adds another choice to HKEX options aimed at attracting companies to raise funds. Xpeng will change its shareholders structure to meet with Hong Kong listing rules, its filing says.

The creation of the dual primary listing process adds another choice to HKEX options aimed at attracting companies to raise funds. Xpeng will change its shareholders structure to meet with Hong Kong listing rules, its filing says.

Xpeng gets the green light for Hong Kong IPO, extending city’s dual listing process to attract companies to raise capital
23 Jun 2021 - 10:51PM
Richard Li’s FWD seeks New York listing in the biggest US stock offering by a Hong Kong insurer

PCGI Intermediate, FWD’s holding company, said that it had made a confidential filing with the SEC for the IPO. Rumours of a listing by the insurer have been circulating in the market for two years now.

PCGI Intermediate, FWD’s holding company, said that it had made a confidential filing with the SEC for the IPO. Rumours of a listing by the insurer have been circulating in the market for two years now.

Richard Li’s FWD seeks New York listing in the biggest US stock offering by a Hong Kong insurer
17 Jun 2021 - 2:34PM
Vaccination lottery: a peek at the US$1.4 million flat aimed at moving the needle in Hong Kong’s fight against Covid-19

A HK$10.8 million apartment in east Kowloon is among a host of incentives to convert Hong Kong residents from doubters to believers as the city attempts to boost its Covid-19 vaccination rate. Will these goodies move the needle?

A HK$10.8 million apartment in east Kowloon is among a host of incentives to convert Hong Kong residents from doubters to believers as the city attempts to boost its Covid-19 vaccination rate. Will these goodies move the needle?

Vaccination lottery: a peek at the US$1.4 million flat aimed at moving the needle in Hong Kong’s fight against Covid-19
13 Jun 2021 - 11:35PM
Mainland Chinese tech start-ups hope to tap SPAC trend to go public

Tech start-up backed by Legend Holdings, Baidu are among those exploring options regarding special purpose acquisition companies (SPACs), industry insiders said.

Tech start-up backed by Legend Holdings, Baidu are among those exploring options regarding special purpose acquisition companies (SPACs), industry insiders said.

Mainland Chinese tech start-ups hope to tap SPAC trend to go public
1 Jun 2021 - 1:58PM
Oatly backer Verlinvest to build on brand’s success in China, aims to create next wave of successful F&B brands

Verlinvest, a Belgium-based investment company backed by the family controlling beer giant AB InBev, is planning a big push into China with the aim of building the next generation of successful brands and entrepreneurs in the country’s food and beverage sector.

Verlinvest, a Belgium-based investment company backed by the family controlling beer giant AB InBev, is planning a big push into China with the aim of building the next generation of successful brands and entrepreneurs in the country’s food and beverage sector.

Oatly backer Verlinvest to build on brand’s success in China, aims to create next wave of successful F&B brands
25 May 2021 - 9:34PM
Hong Kong’s Sino Group joins financial, property firms in stepping up hiring in city, as economy recovers from Covid-19 dislocation

Sino Group, which controls Hong Kong-listed developer Sino Land, has become the latest company to kick-start new hiring as economic activity picks up in the city.

Sino Group, which controls Hong Kong-listed developer Sino Land, has become the latest company to kick-start new hiring as economic activity picks up in the city.

Hong Kong’s Sino Group joins financial, property firms in stepping up hiring in city, as economy recovers from Covid-19 dislocation
23 May 2021 - 8:16PM