Peggy Sito

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.
Peggy Sito
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.

Latest from Peggy Sito

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
China’s securities watchdog to ‘ensure the country’s capital market sound and solid’

The China Securities Regulatory Commission seeks to halt arbitrary suspension of trading and long-term suspension of trading

10 Jun 2019 - 10:59PM

The China Securities Regulatory Commission seeks to halt arbitrary suspension of trading and long-term suspension of trading

China’s securities watchdog to ‘ensure the country’s capital market sound and solid’
Pork price is likely to remain high in China as swine fever wipes out hog population – but that is music to WH Group’s ears

Sustained high prices is music to the ears of the WH Group, the world’s largest producer of the meat and owner of Smithfield Foods of Virginia.

5 Jun 2019 - 5:06AM

Sustained high prices is music to the ears of the WH Group, the world’s largest producer of the meat and owner of Smithfield Foods of Virginia.

Pork price is likely to remain high in China as swine fever wipes out hog population – but that is music to WH Group’s ears
Deal maker Li Ka-shing and son Victor push CK Hutchison group of companies to the top of the league for advisory fees in Asia

CK Hutchison and sister company CK Asset Holdings ranked as top advisory fee-paying companies with a tab of US$126.9 million since 2015.

9 May 2019 - 10:19PM

CK Hutchison and sister company CK Asset Holdings ranked as top advisory fee-paying companies with a tab of US$126.9 million since 2015.

Deal maker Li Ka-shing and son Victor push CK Hutchison group of companies to the top of the league for advisory fees in Asia
A glitzy Covent Garden award dinner gave Xi Jinping’s poverty alleviation programme in Ningxia a kick start. Here’s how

A glitzy evening in London’s Covent Garden in 2011 became the seminal moment that would give a much-needed kick to Chinese President Xi Jinping’s plan to use viticulture to alleviate poverty in Ningxia.

27 Apr 2019 - 6:55AM

A glitzy evening in London’s Covent Garden in 2011 became the seminal moment that would give a much-needed kick to Chinese President Xi Jinping’s plan to use viticulture to alleviate poverty in Ningxia.

A glitzy Covent Garden award dinner gave Xi Jinping’s poverty alleviation programme in Ningxia a kick start. Here’s how
Ningxia, a stop on ancient Silk Road, counts on history and location as Belt and Road comes to town

A stop on the ancient Silk Road, the tiny province in northern China aims to once again become an important link with Middle Eastern economies.

25 Apr 2019 - 9:57PM

A stop on the ancient Silk Road, the tiny province in northern China aims to once again become an important link with Middle Eastern economies.

Ningxia, a stop on ancient Silk Road, counts on history and location as Belt and Road comes to town
Chinese aircraft leasing firm hits pause on US$5.8 billion Boeing 737 MAX order as it awaits assurance on jet’s safety

Hong Kong-listed China Aircraft Leasing Group Holdings has 75 Boeing MAX jets on firm order with an option for 25 more.

9 Apr 2019 - 9:34AM

Hong Kong-listed China Aircraft Leasing Group Holdings has 75 Boeing MAX jets on firm order with an option for 25 more.

Chinese aircraft leasing firm hits pause on US$5.8 billion Boeing 737 MAX order as it awaits assurance on jet’s safety
Prepare for a looming buyers’ market in global assets, says Chinese firm seeking to boost foreign holdings

China Everbright CEO says his goal is to turn the state-owned investment firm into ‘China’s Blackstone’ by increasing overseas assets to half of its total.

8 Apr 2019 - 10:52AM

China Everbright CEO says his goal is to turn the state-owned investment firm into ‘China’s Blackstone’ by increasing overseas assets to half of its total.

Prepare for a looming buyers’ market in global assets, says Chinese firm seeking to boost foreign holdings
The US is ready for this super cheap urban mobility solution, says Chinese electric scooter maker

Niu Technologies believes America will embrace its urban electric runabouts as an alternative transport solution

3 Apr 2019 - 9:49PM

Niu Technologies believes America will embrace its urban electric runabouts as an alternative transport solution

The US is ready for this super cheap urban mobility solution, says Chinese electric scooter maker
CK Asset is no longer a pure property company, a year after Victor Li takes over the flagship firm from ‘Superman’ dad

CK Asset Holdings has amassed a war chest of HK$60 billion for acquisitions, having spent HK$100 billion in 2017 and 2018 buying assets.

3 Apr 2019 - 9:49PM

CK Asset Holdings has amassed a war chest of HK$60 billion for acquisitions, having spent HK$100 billion in 2017 and 2018 buying assets.

CK Asset is no longer a pure property company, a year after Victor Li takes over the flagship firm from ‘Superman’ dad
Lee Shau-kee, Hong Kong’s second-richest man, says he is mulling retirement to hand the reins of Henderson Land to his two sons

Lee Shau-kee said he is considering a retirement plan after Henderson Land’s annual general meeting on May 28

20 Mar 2019 - 11:31PM

Lee Shau-kee said he is considering a retirement plan after Henderson Land’s annual general meeting on May 28

Lee Shau-kee, Hong Kong’s second-richest man, says he is mulling retirement to hand the reins of Henderson Land to his two sons
Fosun to open Club Med ski resort near Beijing to capture China’s new-found love for snow sports leading to 2022 Winter Olympics

The new resort will be located near Beijing, where several retreats are already operating in the Chongli district, about three hours’ drive from the capital

18 Mar 2019 - 10:46PM

The new resort will be located near Beijing, where several retreats are already operating in the Chongli district, about three hours’ drive from the capital

Fosun to open Club Med ski resort near Beijing to capture China’s new-found love for snow sports leading to 2022 Winter Olympics
Aviation regulators of China, elsewhere ordered Boeing’s 737 MAX 8 to stop flying after second crash of the model in five months

Civil aviation regulators of British Cayman Islands, China, Ethiopia and Indonesia ordered domestic carriers to stop flying Boeing’s 737 MAX 8 aircraft pending investigations

12 Mar 2019 - 12:49PM

Civil aviation regulators of British Cayman Islands, China, Ethiopia and Indonesia ordered domestic carriers to stop flying Boeing’s 737 MAX 8 aircraft pending investigations

Aviation regulators of China, elsewhere ordered Boeing’s 737 MAX 8 to stop flying after second crash of the model in five months
Former Hong Kong financial secretary’s firm competes with Fosun-backed hospital operator in Greater Bay Area

New Frontier, an investment company co-founded by former Hong Kong finance minster Antony Leung Kam-chung, is competing with international health care providers in “Greater Bay Area”.

8 Feb 2019 - 10:55PM

New Frontier, an investment company co-founded by former Hong Kong finance minster Antony Leung Kam-chung, is competing with international health care providers in “Greater Bay Area”.

Former Hong Kong financial secretary’s firm competes with Fosun-backed hospital operator in Greater Bay Area
HNA will sell its last Kai Tak parcel to Wheelock at a HK$550 million loss

This the fourth plot at the former Kai Tak airport to be sold by the once high-flying global buyer HNA.

1 Feb 2019 - 10:57PM

This the fourth plot at the former Kai Tak airport to be sold by the once high-flying global buyer HNA.

HNA will sell its last Kai Tak parcel to Wheelock at a HK$550 million loss
Hong Kong’s struggling pay TV provider, iCable, enters China through deal with Guangdong CableTV Network in bid to revive fortunes

The new agreement would allow the loss-making pay TV operator to reach 14 million mainland residents in southern China

16 Jan 2019 - 9:28PM

The new agreement would allow the loss-making pay TV operator to reach 14 million mainland residents in southern China

Hong Kong’s struggling pay TV provider, iCable, enters China through deal with Guangdong CableTV Network in bid to revive fortunes
Debt-saddled HNA Group sued for HK$8.3 million in costs relating to surrender of Hong Kong office space

The debt is the costs allegedly incurred by HNA when it surrendered office space in Central to cut costs, according to two sources close to the matter.

10 Jan 2019 - 8:21AM

The debt is the costs allegedly incurred by HNA when it surrendered office space in Central to cut costs, according to two sources close to the matter.

Debt-saddled HNA Group sued for HK$8.3 million in costs relating to surrender of Hong Kong office space
Hong Kong’s office landlords raise creditworthiness requirements as more commercial tenants walk away from leases

Several office owners are doubling, in some cases tripling, the money they require as security deposit, particularly for tenants who are unknown to them.

10 Jan 2019 - 1:51PM

Several office owners are doubling, in some cases tripling, the money they require as security deposit, particularly for tenants who are unknown to them.

Hong Kong’s office landlords raise creditworthiness requirements as more commercial tenants walk away from leases
Debt-laden conglomerate HNA sells space in Shanghai tower to Singapore’s CapitaLand for US$400 million

CapitaLand and a joint venture partner will own levels 8 to 19 and 21 to 32 of the 34-storey Pufa Tower, as well as 61 car parks, as part of the deal.

7 Jan 2019 - 10:50PM

CapitaLand and a joint venture partner will own levels 8 to 19 and 21 to 32 of the 34-storey Pufa Tower, as well as 61 car parks, as part of the deal.

Debt-laden conglomerate HNA sells space in Shanghai tower to Singapore’s CapitaLand for US$400 million
Blackstone buys Shanghai office and mall project from Singapore’s Mapletree Investments for US$1.25 billion

Acquisition is the latest in a series of investments by overseas buyers.

21 Dec 2018 - 2:01PM

Acquisition is the latest in a series of investments by overseas buyers.

Blackstone buys Shanghai office and mall project from Singapore’s Mapletree Investments for US$1.25 billion
Canada Goose delays opening its first China flagship store amid tension over Canada’s role in the arrest of Huawei CFO Sabrina Meng Wanzhou

The postponement of the flagship store comes as Canada Goose has emerged as one of the highest-profile business casualties in the diplomatic flare-up between China and Canada.

14 Dec 2018 - 11:01PM

The postponement of the flagship store comes as Canada Goose has emerged as one of the highest-profile business casualties in the diplomatic flare-up between China and Canada.

Canada Goose delays opening its first China flagship store amid tension over Canada’s role in the arrest of Huawei CFO Sabrina Meng Wanzhou
Link Reit sells a dozen suburban Hong Kong malls to consortium led by Gaw Capital for US$1.53 billion

The sale includes suburban shopping centres in Ap Lei Chau, Sha Tin and Tuen Mun

12 Dec 2018 - 10:58PM

The sale includes suburban shopping centres in Ap Lei Chau, Sha Tin and Tuen Mun

Link Reit sells a dozen suburban Hong Kong malls to consortium led by Gaw Capital for US$1.53 billion
Gaw Capital ready to sell Beijing complex, sources say, in what would be the biggest property deal in China’s capital city this year

Big deal underscores that prime areas of Beijing are still hotly pursued trophies by international and domestic investors, despite China’s slowing economy and tight funding conditions.

7 Dec 2018 - 10:56PM

Big deal underscores that prime areas of Beijing are still hotly pursued trophies by international and domestic investors, despite China’s slowing economy and tight funding conditions.

Gaw Capital ready to sell Beijing complex, sources say, in what would be the biggest property deal in China’s capital city this year
China property: how the world’s biggest housing market emerged

In just 40 years of rethinking private home ownership, China is now the world’s biggest housing market. But soaring prices have many Chinese – especially young adults – fearing they may never step onto the property ladder.

4 Dec 2018 - 9:52PM

In just 40 years of rethinking private home ownership, China is now the world’s biggest housing market. But soaring prices have many Chinese – especially young adults – fearing they may never step onto the property ladder.

China property: how the world’s biggest housing market emerged
Club Med’s owner Fosun has a strategy to help everyone live until 121 years old: technology

Fosun will put 100 billion yuan of its war chest to work over the next few years to acquire technology companies that can augment its health care business

22 Nov 2018 - 10:59PM

Fosun will put 100 billion yuan of its war chest to work over the next few years to acquire technology companies that can augment its health care business

Club Med’s owner Fosun has a strategy to help everyone live until 121 years old: technology