https://www.scmp.com/rss/322956/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang Li Thet, executive director of Hong Kong-listed FSM Holdings, resigned after US authorities linked him to an alleged Cambodian cyber-scam operation. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Li for alleged criminal involvement with what it called the Prince Group transnational criminal organisation (TCO), which it and UK authorities said was involved in online scams, human trafficking and money laundering. Prince Holding Group, led by a Chinese-born... https://www.scmp.com/business/banking-finance/article/3329882/director-hong-kong-listed-fsm-holdings-resigns-amid-cambodian-crime-allegations?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329882/director-hong-kong-listed-fsm-holdings-resigns-amid-cambodian-crime-allegations?utm_source=rss_feed Wed, 22 Oct 2025 04:30:26 +0000 Julie Zhang Julie Zhang Chinese electric-vehicle maker Li Auto’s founder and CEO Li Xiang topped Hong Kong’s paid director ranking for 2024 with a total remuneration package of about HK$680 million (US$87.4 million). According to the latest director pay league table published by Webb-site on Sunday, the financial data platform founded by corporate governance activist David Webb, Li’s HK$679.78 million package was made up of HK$676.78 million in stock options and a HK$2.83 million base salary. The ranking table analysed... https://www.scmp.com/business/china-business/article/3328757/li-auto-ceo-tops-hong-kongs-highest-paid-directors-list-2024-webb-site?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328757/li-auto-ceo-tops-hong-kongs-highest-paid-directors-list-2024-webb-site?utm_source=rss_feed Mon, 13 Oct 2025 04:46:07 +0000 Julie Zhang Julie Zhang Hong Kong has welcomed a new wave of travellers combining business and leisure, who have revitalised the city’s luxury hotel sector, according to Benjamin Vuchot, the executive director and CEO of Hong Kong and Shanghai Hotels (HSH), operator of The Peninsula Hotels. “The opportunity is primarily driven by business trips, but it evolves into leisure as well,” Vuchot said in an interview with the Post on Wednesday. “That’s a very important trend from a growth perspective.” He noted that what... https://www.scmp.com/business/china-business/article/3320997/hong-kongs-peninsula-hotels-sees-bleisure-boom-after-pandemic-curbs-ceo-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320997/hong-kongs-peninsula-hotels-sees-bleisure-boom-after-pandemic-curbs-ceo-says?utm_source=rss_feed Wed, 06 Aug 2025 13:44:35 +0000 Carol Yang Carol Yang European businesses’ optimism about growth and profitability in China has hit a record low, overshadowed by economic downturns and rising geopolitical tensions, according to annual survey findings by a leading foreign business association, which called for the full implementation of recently announced measures aimed at improving the business environment. Conducted in January and February, the survey of 503 chamber members showed a bleak outlook even before the China-US trade war intensified in... https://www.scmp.com/economy/global-economy/article/3312080/confidence-eu-businesses-china-hit-record-low-even-tariff-war-survey?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3312080/confidence-eu-businesses-china-hit-record-low-even-tariff-war-survey?utm_source=rss_feed Wed, 28 May 2025 06:00:17 +0000 Reuters Reuters The US ordered Taiwan Semiconductor Manufacturing Co. to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence (AI) applications starting on Monday, according to a person familiar with the matter. The Department of Commerce sent a letter to TSMC imposing export restrictions on certain sophisticated chips – of 7 nanometre or more advanced designs – destined for China that power AI accelerator and graphics processing units (GPU), the person said. The... https://www.scmp.com/business/article/3285945/us-orders-tsmc-stop-sending-advanced-chips-used-ai-applications-chinese-customers?utm_source=rss_feed https://www.scmp.com/business/article/3285945/us-orders-tsmc-stop-sending-advanced-chips-used-ai-applications-chinese-customers?utm_source=rss_feed Sun, 10 Nov 2024 06:01:31 +0000 Salina Li Salina Li Fintech companies from mainland China are setting up their headquarters in Hong Kong, drawn to the city’s accessible capital and robust talent pool, as they attempt to build up their businesses in Asean countries. KN Group, a non-traditional provider of financial data, rented a floor spanning 8,000 sq ft in Taikoo Place, where it has 80 to 100 employees, the company said. It was founded in 2014 and uses an artificial intelligence (AI) risk control model to generate data on consumer behaviour for... https://www.scmp.com/business/article/3285749/mainland-chinese-fintech-companies-set-shop-hong-kong-access-asean-markets?utm_source=rss_feed https://www.scmp.com/business/article/3285749/mainland-chinese-fintech-companies-set-shop-hong-kong-access-asean-markets?utm_source=rss_feed Sun, 10 Nov 2024 04:15:07 +0000 The pets market in mainland China has seen steady growth in recent years, driven by a shift in “lifestyles and mentality” among pet owners, while Hongkongers too are more willing to increase their spending on the health and well-being of their animal friends, analysts said. On the mainland, even as economic challenges weigh on discretionary consumption, “good growth” is expected in the pets sector, said Sam Sun, partner at Alto Vera Equity Partners, a Beijing-based buyout fund focused on the... https://www.scmp.com/business/companies/article/3255219/hongkongers-among-top-spenders-pet-care-asia-pacific-us90000-insurer-onedegree-says?utm_source=rss_feed https://www.scmp.com/business/companies/article/3255219/hongkongers-among-top-spenders-pet-care-asia-pacific-us90000-insurer-onedegree-says?utm_source=rss_feed Wed, 13 Mar 2024 08:31:23 +0000 The Swiss economy held up better than most developed countries’ in the face of Covid-related economic restrictions, as its GDP dropped by only 2.5 per cent in 2020 – still, its worst contraction in 45 years. It reached pre-pandemic levels again in 2021 and was projected to grow in 2022, but the war in Ukraine has had a substantial negative impact, as it has for many European economies. Johan Franzen, the co-founder and CEO of Entnest, a digital start-up ecosystem, believes the GDP figures don’t... https://www.scmp.com/special-reports/article/3179229/start-spirit-powering-switzerlands-post-pandemic-recovery?utm_source=rss_feed https://www.scmp.com/special-reports/article/3179229/start-spirit-powering-switzerlands-post-pandemic-recovery?utm_source=rss_feed Fri, 27 May 2022 07:00:16 +0000 In common with similar facilities around the world, Zurich Airport was hit hard by Covid-19 in 2020. Flight traffic was drastically reduced and terminal buildings presented vast empty spaces as passenger numbers tumbled to 8.3 million from 2019’s all-time high of just over 31.5 million. However, by the second half of 2021, as travel and quarantine restrictions gradually eased, a post-pandemic rebound was already well under way. On peak autumn days last year, passenger totals were back up to 65... https://www.scmp.com/country-reports/special-reports/topics/switzerland-business-report-2022/article/3179242/travel-take?utm_source=rss_feed https://www.scmp.com/country-reports/special-reports/topics/switzerland-business-report-2022/article/3179242/travel-take?utm_source=rss_feed Fri, 27 May 2022 06:30:26 +0000 Li Ka-shing’s two flagship companies reported better- than- expected earnings last year, as asset sales and revaluations on investment properties helped Hong Kong’s wealthiest man beat forecasts even amid the global Covid-19 pandemic. CK Hutchison Holdings, the conglomerate with businesses in everything from consumer products to ports and telecommunications, said its 2021 net profit rose 15 per cent to HK$33.48 billion (US$4.28 billion), beating the consensus estimate of 10 analysts in... https://www.scmp.com/business/companies/article/3170853/li-ka-shings-flagships-post-better-expected-earnings-its-assets?utm_source=rss_feed https://www.scmp.com/business/companies/article/3170853/li-ka-shings-flagships-post-better-expected-earnings-its-assets?utm_source=rss_feed Thu, 17 Mar 2022 11:23:09 +0000 The International Monetary Fund says managing director Kristalina Georgieva did not demonstrate misconduct in her handling of the allegedly rigged “Doing Business 2018” report while serving as chief executive of World Bank. Georgieva, who was at the World Bank from 2017-19 and joined the IMF in late 2019, will stay on as its managing director. The IMF executive board said in a press release on Tuesday “the information presented in the course of its review did not conclusively demonstrate that... https://www.scmp.com/economy/global-economy/article/3152024/china-data-rigging-allegation-imf-backs-kristalina-georgieva?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3152024/china-data-rigging-allegation-imf-backs-kristalina-georgieva?utm_source=rss_feed Tue, 12 Oct 2021 04:19:02 +0000 https://www.scmp.com/country-reports/country-reports/topics/country-reports/article/2138248/france-business-report-2018?utm_source=rss_feed https://www.scmp.com/country-reports/country-reports/topics/country-reports/article/2138248/france-business-report-2018?utm_source=rss_feed Thu, 29 Mar 2018 03:30:45 +0000 British chain Marks & Spencer (M&S) has sold its retail business in Hong Kong and Macau to its franchise partner Al-Futtaim. The decision was made as part of a retreat from international markets to focus on the company’s core business in Britain, the company said on Tuesday. Al-Futtaim, which already operates 72 M&S stores across 11 markets in Asia and the Middle East, bought 27 shops in the deal, which completed on December 30, M&S said. The move follows a strategic review by M&S in November... https://www.scmp.com/business/companies/article/2126573/marks-spencer-sells-hong-kong-business-partner-al-futtaim?utm_source=rss_feed https://www.scmp.com/business/companies/article/2126573/marks-spencer-sells-hong-kong-business-partner-al-futtaim?utm_source=rss_feed Tue, 02 Jan 2018 17:26:10 +0000 Synergy Media Specialists Synergy Media Specialists https://www.scmp.com/business-reports/special-reports/article/1986178/2015-chile-business-report?utm_source=rss_feed https://www.scmp.com/business-reports/special-reports/article/1986178/2015-chile-business-report?utm_source=rss_feed Wed, 06 Jul 2016 08:00:15 +0000