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.

Show more

Latest from Peggy Sito

Hong Kong Monetary Authority will launch trials to find suitable use for proposed digital dollar, CEO Eddie Yue says

Hong Kong Monetary Authority will launch a series of pilot schemes with banks and technology firms to test the e-HKD from the fourth quarter.

Hong Kong Monetary Authority will launch a series of pilot schemes with banks and technology firms to test the e-HKD from the fourth quarter.

29 Sep 2022 - 2:08PM
Hong Kong will host a gathering of global financial heavyweights in November. Here’s what to expect, HKMA’s chief executive says

The meeting, with the theme “Navigating Beyond Uncertainty”, will be the biggest congregation of global financial heavyweights in Hong Kong since the Covid-19 pandemic drove the city into three years of quarantines and social-distancing.

The meeting, with the theme “Navigating Beyond Uncertainty”, will be the biggest congregation of global financial heavyweights in Hong Kong since the Covid-19 pandemic drove the city into three years of quarantines and social-distancing.

29 Sep 2022 - 2:24PM
7 operators vie for 6 Macau casino licences as bids open in the world’s gambling hub

The beauty parade was the culmination of years of work by Macau’s government to reform betting in the world’s gambling capital, as it continues to navigate a fine balance between a fiscal reliance on casino taxes, and Beijing’s push to diversify the city’s economy from betting.

The beauty parade was the culmination of years of work by Macau’s government to reform betting in the world’s gambling capital, as it continues to navigate a fine balance between a fiscal reliance on casino taxes, and Beijing’s push to diversify the city’s economy from betting.

16 Sep 2022 - 7:33PM
Malaysian tycoon Lim Kok Thay’s bid for casino licence has traders on edge as Macau’s old guard face fight to stay alive

The entry of Lim Kok Thay into the fray means seven casino operators are vying for six new concessions, which raises the prospect of one of Macau’s established licence holders being run out of town by a newcomer.

The entry of Lim Kok Thay into the fray means seven casino operators are vying for six new concessions, which raises the prospect of one of Macau’s established licence holders being run out of town by a newcomer.

16 Sep 2022 - 8:15AM
Malaysian billionaire Lim Kok Thay, boss of Genting Group, revealed as final bidder for a prized Macau casino licence

The entry of Lim Kok Thay, chairman of Genting Group, into the fray – the ‘only truly global gaming operator’ – may strike fear into the hearts of the existing licence holders vying to keep a foothold, says gaming consultant.

The entry of Lim Kok Thay, chairman of Genting Group, into the fray – the ‘only truly global gaming operator’ – may strike fear into the hearts of the existing licence holders vying to keep a foothold, says gaming consultant.

15 Sep 2022 - 1:06AM
Club Med’s owner quells false alarm about Fosun being under Chinese regulators’ debt scrutiny

Fosun International has denied reports that regulators had sought information on potential credit exposure from lenders.

Fosun International has denied reports that regulators had sought information on potential credit exposure from lenders.

14 Sep 2022 - 12:51PM
Hong Kong confronted by bleak outlook, with banks’ record high borrowing costs set to hit property market, economy

The interest rates Hong Kong’s banks charge each other for borrowing money have hit new highs and are expected to drive up their funding costs.

The interest rates Hong Kong’s banks charge each other for borrowing money have hit new highs and are expected to drive up their funding costs.

11 Sep 2022 - 4:30PM
China Aviation Lithium Battery wins Hong Kong bourse approval for US$2 billion IPO

If successful, the No. 3 battery maker in China could become the second-largest IPO in Hong Kong this year.

If successful, the No. 3 battery maker in China could become the second-largest IPO in Hong Kong this year.

9 Sep 2022 - 6:00AM
Evergrande sells the last of its stake in Shengjing Bank to Chinese state firms for US$1 billion

The Shenzhen-based developer sold 1.28 billion non-public shares in the Shenyang-headquartered Shengjing Bank through an online auction on Taobao.

The Shenzhen-based developer sold 1.28 billion non-public shares in the Shenyang-headquartered Shengjing Bank through an online auction on Taobao.

7 Sep 2022 - 4:31PM
China’s pharmaceutical industry will be at the global forefront in the next 5 years, Fosun Pharma chairman says

With a solid foundation and growing research investments, China’s pharma companies are narrowing the gap with the industry’s global powers, Shanghai Fosun Pharmaceutical chairman Wu Yifang says.

With a solid foundation and growing research investments, China’s pharma companies are narrowing the gap with the industry’s global powers, Shanghai Fosun Pharmaceutical chairman Wu Yifang says.

6 Sep 2022 - 12:12PM
SenseTime defied US sanction to raise capital in Hong Kong. Where does it go from here?

What happened with SenseTime reflects how growing animosity between the US and China is catching Hong Kong in the crossfire between the world’s two largest economies.

What happened with SenseTime reflects how growing animosity between the US and China is catching Hong Kong in the crossfire between the world’s two largest economies.

23 Jul 2022 - 11:50AM
China Evergrande launches first EV, the Hengchi 5, at just over half the price of Tesla’s Model Y as embattled developer aims to revive fortunes

The world’s most heavily indebted developer hopes its cut-price Hengchi 5 smart SUV will help revive its fortunes and generate much-needed cash.

The world’s most heavily indebted developer hopes its cut-price Hengchi 5 smart SUV will help revive its fortunes and generate much-needed cash.

7 Jul 2022 - 2:05AM
China’s BYD takes Tesla’s crown as the world’s biggest electric vehicle producer by sales

BYD, the Chinese carmaker backed by Warren Buffett’s Berkshire Hathaway, has overtaken Elon Musk’s Tesla as the world’s biggest EV producer by sales.

BYD, the Chinese carmaker backed by Warren Buffett’s Berkshire Hathaway, has overtaken Elon Musk’s Tesla as the world’s biggest EV producer by sales.

19 Aug 2022 - 1:26PM
Tencent, Alibaba backed Chinese start-ups G7 Connect, E6 Technology merge to create truck management services giant

Chinese truck fleet management start-up G7 Connect is merging with rival E6 Technology to create a behemoth with access to 700,000 freight managers in the world’s largest road cargo market.

Chinese truck fleet management start-up G7 Connect is merging with rival E6 Technology to create a behemoth with access to 700,000 freight managers in the world’s largest road cargo market.

7 Jun 2022 - 1:18PM
Richard Li’s FWD postpones its listing plan in Hong Kong amid persistent stock market slump, sources say

Hong Kong’s Hang Seng Index has fallen 9.3 per cent this year, a slump that deterred companies from raising capital through IPOs, driving the city to sixth place among global IPO destinations in the first quarter.

Hong Kong’s Hang Seng Index has fallen 9.3 per cent this year, a slump that deterred companies from raising capital through IPOs, driving the city to sixth place among global IPO destinations in the first quarter.

31 May 2022 - 3:06PM
Private equity, spooked by Ant Group IPO suspension, eyes Chinese ‘hard tech’ sector in paradigm shift

Companies in AI, auto technology, semiconductors, cloud computing, and new energy are set to benefit as strategies align with China’s focus on social stability and national security.

Companies in AI, auto technology, semiconductors, cloud computing, and new energy are set to benefit as strategies align with China’s focus on social stability and national security.

27 May 2022 - 9:30AM
Li Ka-shing’s HutchMed plunges in US$500 million stock rout as cancer drug fails to win US approval, more clinical trials needed

Stock suffers the biggest sell-off since its Hong Kong listing in June last year, wiping out about US$500 million in market value.

Stock suffers the biggest sell-off since its Hong Kong listing in June last year, wiping out about US$500 million in market value.

3 May 2022 - 7:53PM
Climate Change: China’s tree breeders are coming up with a business model to make money while doing right by the environment

Afforestation establishes a stand of trees that absorb and store greenhouse gases, one of the natural solutions that can help China meet its 2030 peak emission target and achieve carbon neutrality by 2060.

Afforestation establishes a stand of trees that absorb and store greenhouse gases, one of the natural solutions that can help China meet its 2030 peak emission target and achieve carbon neutrality by 2060.

24 Apr 2022 - 2:52PM
Climate Change: China has a new carbon-storage tool from decades of frenzied tree planting to avert hillside erosion and prevent floods

As the world struggles to avert climate change, vegetation may help deliver the decarbonisation needed, and China arguably has a head start thanks to a tree-planting initiative with its roots in flood control.

As the world struggles to avert climate change, vegetation may help deliver the decarbonisation needed, and China arguably has a head start thanks to a tree-planting initiative with its roots in flood control.

23 Apr 2022 - 10:31AM
Macau’s economic outlook clouded by high exposure to climate-related shocks and uncertainties over new gambling laws, IMF says

Macau’s government has formulated environmental protection and disaster prevention plans in a number of areas to close the infrastructure gaps for disaster prevention and mitigation.

Macau’s government has formulated environmental protection and disaster prevention plans in a number of areas to close the infrastructure gaps for disaster prevention and mitigation.

19 Apr 2022 - 10:15AM
Hong Kong-listed Sisram among firms eyeing opportunities in beauty and wellness sector, which could be worth US$7 trillion globally by 2025

Venture capitalists and companies are paying close attention to new trends and investment opportunities in beauty and wellness, a sector that is expected to be worth US$7 trillion by 2025.

Venture capitalists and companies are paying close attention to new trends and investment opportunities in beauty and wellness, a sector that is expected to be worth US$7 trillion by 2025.

17 Apr 2022 - 3:00PM
Canada to ban most foreigners from buying homes for two years to cool prices in warning shot to Chinese, Indian immigrants

Canada will ban foreigners from buying homes for two years to stave off inflation, as the Trudeau government seeks to fend off political backlash to soaring inflation.

Canada will ban foreigners from buying homes for two years to stave off inflation, as the Trudeau government seeks to fend off political backlash to soaring inflation.

8 Apr 2022 - 11:54AM
China-focused private equity managers face extended fundraising dry spell as policy uncertainties, IPO obstacles give investors cold feet

China-focused private equity funds raised the lowest amount of capital in eight years during the second half of 2021, as policy uncertainties in the consumer tech sector and obstacles to cashing out through IPOs gave them cold feet.

China-focused private equity funds raised the lowest amount of capital in eight years during the second half of 2021, as policy uncertainties in the consumer tech sector and obstacles to cashing out through IPOs gave them cold feet.

4 Apr 2022 - 9:30AM
Chiang Chen, Hong Kong industrialist and philanthropist who changed the world of plastic mouldings, dies at 98

The founder of Chen Hsong Holdings rose to wealth and fame with a plastic blow-moulding machine that could handle two colours, and later became known for his charitable giving.

The founder of Chen Hsong Holdings rose to wealth and fame with a plastic blow-moulding machine that could handle two colours, and later became known for his charitable giving.

15 Mar 2022 - 6:54PM
Landmark owner Hongkong Land to waive rents for tenants subject to mandatory Covid-19 closures by government

Tenants from the F&B sector will only pay turnover rent for a six-month period ending June 30, 2022, the Landmark landlord said on Thursday.

Tenants from the F&B sector will only pay turnover rent for a six-month period ending June 30, 2022, the Landmark landlord said on Thursday.

10 Mar 2022 - 4:00PM
Britain gives conditional approval for sale of CK Hutchison’s UK tower assets to Cellnex Telecom in US$4 billion deal

Britain’s competition watchdog has approved CK Hutchison Holdings’ sale of its tower assets in the United Kingdom to Spanish mobile telephone infrastructure operator Cellnex Telecom in a deal valued at about €3.7 billion (US$4 billion).

Britain’s competition watchdog has approved CK Hutchison Holdings’ sale of its tower assets in the United Kingdom to Spanish mobile telephone infrastructure operator Cellnex Telecom in a deal valued at about €3.7 billion (US$4 billion).

4 Mar 2022 - 4:00PM
Cancer drug by Innovent, Eli Lilly faces FDA hurdle due to China-only clinical tests, suggesting bumpy road abroad for Chinese pharmaceutical firms

United States drug administrators have asked a Chinese pharmaceutical firm to broaden the clinical tests for its joint-venture cancer treatment, a move that could slow down Chinese biopharmaceutical companies’ entry into the US market and their global expansion.

United States drug administrators have asked a Chinese pharmaceutical firm to broaden the clinical tests for its joint-venture cancer treatment, a move that could slow down Chinese biopharmaceutical companies’ entry into the US market and their global expansion.

11 Feb 2022 - 7:33PM
MGM China’s 2021 revenue beats forecasts with 85 per cent jump, but lingering Covid-19 risk may dampen casino takings

MGM China posted better-than-expected full-year revenue and a turnaround in pre-tax earnings for 2021, becoming the second Macau casino operator to post improved business performance year on year despite the ongoing Covid-19 pandemic.

MGM China posted better-than-expected full-year revenue and a turnaround in pre-tax earnings for 2021, becoming the second Macau casino operator to post improved business performance year on year despite the ongoing Covid-19 pandemic.

10 Feb 2022 - 7:51PM
Getting teenage girls into science, engineering is key to narrowing skills gap in tech sector, says education entrepreneur

By inspiring and equipping teenage girls with digital literacy, corporations can build a strong pipeline of tech talent, said Jennifer Yu Cheng, deputy vice-chairwoman of CTF Education Group.

By inspiring and equipping teenage girls with digital literacy, corporations can build a strong pipeline of tech talent, said Jennifer Yu Cheng, deputy vice-chairwoman of CTF Education Group.

7 Feb 2022 - 2:02PM
Zuellig Pharma’s blockchain-based tracking system can prevent accidents involving expired Covid-19 vaccines

Zuellig Pharma has launched a blockchain-based tracking system that can prevent accidents like those involving the use of expired Covid-19 vaccines.

Zuellig Pharma has launched a blockchain-based tracking system that can prevent accidents like those involving the use of expired Covid-19 vaccines.

31 Jan 2022 - 9:32AM