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

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
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