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

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
Alibaba’s mega IPO attracts 200,000 retail applications, including one bid for HK$1.1 billion worth of shares

Alibaba Group Holding received about 200,000 applications from investors for the retail portion of its mega stock offering in Hong Kong, including one whopping bid for HK$1.1 billion (US$140 million) worth of shares, according to sources who are familiar with the deal.

22 Nov 2019 - 11:11PM

Alibaba Group Holding received about 200,000 applications from investors for the retail portion of its mega stock offering in Hong Kong, including one whopping bid for HK$1.1 billion (US$140 million) worth of shares, according to sources who are familiar with the deal.

Alibaba’s mega IPO attracts 200,000 retail applications, including one bid for HK$1.1 billion worth of shares
Alibaba prices Hong Kong shares at HK$176, a slight discount to its New York shares in world’s biggest IPO of 2019

Alibaba Group prices its secondary stock offering in Hong Kong at HK$176 per share based on guidance at the end of a global marketing process, the company said in a statement.

20 Nov 2019 - 11:22PM

Alibaba Group prices its secondary stock offering in Hong Kong at HK$176 per share based on guidance at the end of a global marketing process, the company said in a statement.

Alibaba prices Hong Kong shares at HK$176, a slight discount to its New York shares in world’s biggest IPO of 2019
Alibaba sets retail price for Hong Kong-listed shares after overwhelming response for global tranche of US$13.9 billion secondary listing

The listing plan will give a major boost for the city gripped by more than five months of anti-government protests and a simmering US-China trade war, pushing the local stock exchange on a home run for global IPO crown this year in competition with the New York Stock Exchange and Nasdaq.

15 Nov 2019 - 9:30AM

The listing plan will give a major boost for the city gripped by more than five months of anti-government protests and a simmering US-China trade war, pushing the local stock exchange on a home run for global IPO crown this year in competition with the New York Stock Exchange and Nasdaq.

Alibaba sets retail price for Hong Kong-listed shares after overwhelming response for global tranche of US$13.9 billion secondary listing
Bain Capital dodges trade war impact as it remodels China cosmetics packaging venture with eye on US$34 billion market

The private investment firm now uses its World Wide Packaging cosmetic packaging plant in Suzhou to mainly supply Chinese companies or multinationals that make products in the mainland for domestic consumers.

11 Nov 2019 - 6:00AM

The private investment firm now uses its World Wide Packaging cosmetic packaging plant in Suzhou to mainly supply Chinese companies or multinationals that make products in the mainland for domestic consumers.

Bain Capital dodges trade war impact as it remodels China cosmetics packaging venture with eye on US$34 billion market
Alipay launches international e-wallet, giving foreigners access to mobile payment platform in first for China

Ant Financial Services, which operates one of China’s two dominant e-payment platforms, will give foreign visitors to the mainland access to its service known as Alipay, removing one of the biggest hurdles that have prevented outsiders from taking part in China’s growing cashless economy.

7 Nov 2019 - 9:24AM

Ant Financial Services, which operates one of China’s two dominant e-payment platforms, will give foreign visitors to the mainland access to its service known as Alipay, removing one of the biggest hurdles that have prevented outsiders from taking part in China’s growing cashless economy.

Alipay launches international e-wallet, giving foreigners access to mobile payment platform in first for China
Henderson Land increases farmland donation as tycoons step up to help government ease housing crisis

The donation of land in Yuen Long in the New Territories more than quadruples the company’s commitment of 100,000 sq ft announced this month as Hong Kong steps up efforts to ease its housing crisis.

1 Nov 2019 - 11:37PM

The donation of land in Yuen Long in the New Territories more than quadruples the company’s commitment of 100,000 sq ft announced this month as Hong Kong steps up efforts to ease its housing crisis.

Henderson Land increases farmland donation as tycoons step up to help government ease housing crisis
At least 10 possible sites could be seized to develop affordable housing in Hong Kong, as leader Carrie Lam sets out ambitious target in third policy address

Private developers warned they risk losing sites under the Lands Resumption Ordinance as chief executive vows every Hong Kong citizen shall be able to own home

16 Oct 2019 - 11:19PM

Private developers warned they risk losing sites under the Lands Resumption Ordinance as chief executive vows every Hong Kong citizen shall be able to own home

At least 10 possible sites could be seized to develop affordable housing in Hong Kong, as leader Carrie Lam sets out ambitious target in third policy address
Hong Kong releases up to HK$300 billion in city’s version of quantitative easing to bolster economy against downturn

Hong Kong’s economy is on track towards a technical recession in the fiscal third quarter ending in Decembers, as four months of street protests had driven away visitors, crimped retail sales and cause property prices to slide.

14 Oct 2019 - 11:37PM

Hong Kong’s economy is on track towards a technical recession in the fiscal third quarter ending in Decembers, as four months of street protests had driven away visitors, crimped retail sales and cause property prices to slide.

Hong Kong releases up to HK$300 billion in city’s version of quantitative easing to bolster economy against downturn
Property executive who has sold US$14 billion worth of homes over the past 20 years now has a plan to solve Hong Kong’s housing crisis

Robert Lee Chi-hong’s plan calls for the Hong Kong government to allocate 1 per cent of its green belt to build a satellite town of 500,000 affordable homes quickly to solve the present political crisis and the long-term housing shortage problem.

1 Oct 2019 - 7:35PM

Robert Lee Chi-hong’s plan calls for the Hong Kong government to allocate 1 per cent of its green belt to build a satellite town of 500,000 affordable homes quickly to solve the present political crisis and the long-term housing shortage problem.

Property executive who has sold US$14 billion worth of homes over the past 20 years now has a plan to solve Hong Kong’s housing crisis
Fosun’s global holdings help spread risk from Thomas Cook collapse

The liquidation of 178-year-old UK tour operator Thomas Cook will have a limited financial impact on Chinese conglomerate Fosun International, the Hong Kong-listed company said on Friday.

28 Sep 2019 - 4:47AM

The liquidation of 178-year-old UK tour operator Thomas Cook will have a limited financial impact on Chinese conglomerate Fosun International, the Hong Kong-listed company said on Friday.

Fosun’s global holdings help spread risk from Thomas Cook collapse
Thomas Cook’s demise scuttles Fosun’s goal of creating a global leisure empire spanning airline, tour operator, resorts and shows

Thomas Cook is the latest bricks-and-mortar company to suffer the increased competition of internet-enabled business models.

23 Sep 2019 - 11:32PM

Thomas Cook is the latest bricks-and-mortar company to suffer the increased competition of internet-enabled business models.

Thomas Cook’s demise scuttles Fosun’s goal of creating a global leisure empire spanning airline, tour operator, resorts and shows
Hongkongers pay a price for their low taxes through the world’s most expensive homes and smallest living space. Here’s why

In the first part of a new series on housing problems, the Post examines how the issue of high land prices is linked to government financing and the low-tax environment.

24 Sep 2019 - 11:49PM

In the first part of a new series on housing problems, the Post examines how the issue of high land prices is linked to government financing and the low-tax environment.

Hongkongers pay a price for their low taxes through the world’s most expensive homes and smallest living space. Here’s why
Developers’ cosy ties with politics may explain Hong Kong’s biggest woe: widening income gap in the least affordable city on earth

As Hong Kong’s unprecedented outbursts of civic unrest enter a 14th week, the link between business and politics – and its implication for the lives of the city’s 7.5 million residents – is coming under increasing scrutiny.

9 Sep 2019 - 6:19AM

As Hong Kong’s unprecedented outbursts of civic unrest enter a 14th week, the link between business and politics – and its implication for the lives of the city’s 7.5 million residents – is coming under increasing scrutiny.

Developers’ cosy ties with politics may explain Hong Kong’s biggest woe: widening income gap in the least affordable city on earth
Sun Hung Kai picks Shenzhen expert to spearhead developer’s growth strategy in southern China’s Greater Bay Area

Sun Hung Kai Properties has, with an eye on expansion in the “Greater Bay Area”, appointed Wu Xiangdong, a former executive director of state-owned developer China Resources Land, to its board effective September 1.

29 Aug 2019 - 10:22PM

Sun Hung Kai Properties has, with an eye on expansion in the “Greater Bay Area”, appointed Wu Xiangdong, a former executive director of state-owned developer China Resources Land, to its board effective September 1.

Sun Hung Kai picks Shenzhen expert to spearhead developer’s growth strategy in southern China’s Greater Bay Area
Victory in bitter family feud for control of Great Eagle, one of Hong Kong’s richest property empires, is bittersweet for chairman Lo Ka-shui as global recession looms

Lo Ka-shui’s victory in a family feud over the US$3 billion Great Eagle property empire has proved a mixed blessing as trade war crimps international plans.

22 Jul 2019 - 8:48AM

Lo Ka-shui’s victory in a family feud over the US$3 billion Great Eagle property empire has proved a mixed blessing as trade war crimps international plans.

Victory in bitter family feud for control of Great Eagle, one of Hong Kong’s richest property empires, is bittersweet for chairman Lo Ka-shui as global recession looms
Violent protests are a blot on Hong Kong’s reputation as a stable business hub, says Hopewell’s Gordon Wu

Violent protests are definitely not good for the city’s business environment and could force companies to reassess their investment decisions, says the chairman of Hopewell Holdings.

3 Jul 2019 - 6:45PM

Violent protests are definitely not good for the city’s business environment and could force companies to reassess their investment decisions, says the chairman of Hopewell Holdings.

Violent protests are a blot on Hong Kong’s reputation as a stable business hub, says Hopewell’s Gordon Wu
Richard Li’s FWD pays record US$3 billion for life insurance unit of Thailand’s Siam Commercial Bank

The deal is the largest insurance takeover in Southeast Asia in terms of value.

2 Jul 2019 - 9:22AM

The deal is the largest insurance takeover in Southeast Asia in terms of value.

Richard Li’s FWD pays record US$3 billion for life insurance unit of Thailand’s Siam Commercial Bank
Wanda, University of Pittsburgh Medical Centre formalise deal for US$870 million hospital in Chengdu

Chinese conglomerate Dalian Wanda Group said on Wednesday it had formally signed an operational agreement to develop a high-end hospital in partnership with the University of Pittsburgh Medical Centre in Chengdu.

27 Jun 2019 - 11:33AM

Chinese conglomerate Dalian Wanda Group said on Wednesday it had formally signed an operational agreement to develop a high-end hospital in partnership with the University of Pittsburgh Medical Centre in Chengdu.

Wanda, University of Pittsburgh Medical Centre formalise deal for US$870 million hospital in Chengdu
China has become the happy hunting ground for European asset shoppers as trade war drags on, saps US acquisitions

The number of deals involving European firms in China increased by 32 per cent to 49 last year, while value jumped 856 per cent to US$9.94 billion.

21 Jun 2019 - 10:23PM

The number of deals involving European firms in China increased by 32 per cent to 49 last year, while value jumped 856 per cent to US$9.94 billion.

China has become the happy hunting ground for European asset shoppers as trade war drags on, saps US acquisitions
Mark it zero, dude! Facing tariff hike, family-run maker of bowling shoes and bags struggles to leave China

Strikeforce Bowling will have to absorb an additional 25 per cent tariff on its bowling shoes after getting hit with higher levies on bowling bags this year, the company’s president said.

18 Jun 2019 - 11:02PM

Strikeforce Bowling will have to absorb an additional 25 per cent tariff on its bowling shoes after getting hit with higher levies on bowling bags this year, the company’s president said.

Mark it zero, dude! Facing tariff hike, family-run maker of bowling shoes and bags struggles to leave China
France’s BNP Paribas plans expanded push in China after trade war concession to ‘lift ownership limits’ on financial firms

France’s biggest lender contemplating expansion that includes applying for a securities licence in China

18 Jun 2019 - 10:08PM

France’s biggest lender contemplating expansion that includes applying for a securities licence in China

France’s BNP Paribas plans expanded push in China after trade war concession to ‘lift ownership limits’ on financial firms
Is developer’s decision to walk away from HK$11.1 billion land deal first sign of waning business confidence in Hong Kong over extradition bill saga?

Abraham Razack, a pro-government lawmaker who spearheaded Goldin Financial Holdings’ move to forfeit its right to buy the site at the old Kai Tak airport, said recent disharmony in Hong Kong and the US-China trade war were among issues that worried him.

12 Jun 2019 - 11:54PM

Abraham Razack, a pro-government lawmaker who spearheaded Goldin Financial Holdings’ move to forfeit its right to buy the site at the old Kai Tak airport, said recent disharmony in Hong Kong and the US-China trade war were among issues that worried him.

Is developer’s decision to walk away from HK$11.1 billion land deal first sign of waning business confidence in Hong Kong over extradition bill saga?
Vanke to sell 251 flats in Tuen Mun on Sunday, defying downbeat mood amid trade war, street protests and rising rates

Sentiments are on edge as Hong Kong has been buffeted by the year-long trade war between the United States and China, while the largest street protests in two decades drove up borrowing costs and caused the stock market to drop.

12 Jun 2019 - 5:35PM

Sentiments are on edge as Hong Kong has been buffeted by the year-long trade war between the United States and China, while the largest street protests in two decades drove up borrowing costs and caused the stock market to drop.

Vanke to sell 251 flats in Tuen Mun on Sunday, defying downbeat mood amid trade war, street protests and rising rates
The Hong Kong maker of Transformers toys rushes to ship orders for the US holiday season to beat Trump’s tariffs

Hong Kong toymaker Forward Winsome, famous for its rubber ducks, has been rushing to meet a spike in orders from American customers keen to stockpile products before they are hit by the next round of trade duties

10 Jun 2019 - 10:59PM

Hong Kong toymaker Forward Winsome, famous for its rubber ducks, has been rushing to meet a spike in orders from American customers keen to stockpile products before they are hit by the next round of trade duties

The Hong Kong maker of Transformers toys rushes to ship orders for the US holiday season to beat Trump’s tariffs