https://www.scmp.com/rss/323373/feed Eugene Tang has been a business journalist since 1994 and has 16 years' experience in China, including 10 years building and managing a bilingual news operation as editor and Bloomberg's China Bureau Chief. Before joining the Post, Eugene was product director of institutional news and Factiva products at Dow Jones/Wall St Journal. As Managing Editor, he is responsible for coverage of markets, banking and finance, property and industries. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Eugene Tang Eugene Tang Jeff Rowe grinned with satisfaction when the dashboard of his John Deere combine harvester showed the yield of the first run on his family’s farm during this year’s harvest: 253 bushels per acre, equivalent to 13.8 tonnes of corn per hectare. The yield on the 100-acre Schubert parcel was the highest in many years, said Rowe, the CEO of Syngenta Group and the son of the owners of Rowe Farm, Dean and Carol. Located in the corn belt of Illinois state in the US Midwest, the farm used Syngenta’s... https://www.scmp.com/business/banking-finance/article/3334833/ai-tops-mind-5th-generation-illinois-farmer-china-owned-syngentas-mega-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334833/ai-tops-mind-5th-generation-illinois-farmer-china-owned-syngentas-mega-ipo?utm_source=rss_feed Sat, 06 Dec 2025 03:00:09 +0000 Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now! On Valentine’s Day, eight multicoloured lions carried out a boisterous dance around a ceremonial gong at Hong Kong’s stock exchange to mark the first trading day of the lunar calendar’s Year of the Dragon. Chairwoman Laura Cha Shih May-lung and Financial Secretary Paul Chan Mo-po kicked off the day’s transactions by striking... https://www.scmp.com/economy/global-economy/article/3255732/global-impact-hong-kongs-stock-market-eyes-light-end-tunnel-after-3-years-doldrums?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3255732/global-impact-hong-kongs-stock-market-eyes-light-end-tunnel-after-3-years-doldrums?utm_source=rss_feed Mon, 18 Mar 2024 06:00:25 +0000 Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now! The world in 2023 was more challenging, costlier and hotter than before. There were several major conflagrations: Russia was still embroiled in Ukraine nearly two years after invading its neighbour. Israel’s military operations claimed an estimated 20,000 lives as of December 22 in Gaza, 11 weeks after Hamas terrorists killed... https://www.scmp.com/economy/china-economy/article/3246936/global-impact-time-reflect-2023-mainland-china-hong-kong-and-rest-world-and-look-ahead-2024?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3246936/global-impact-time-reflect-2023-mainland-china-hong-kong-and-rest-world-and-look-ahead-2024?utm_source=rss_feed Tue, 02 Jan 2024 06:00:14 +0000 Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now! When Laura Cha Shih May-lung struck the ceremonial gong at the Hong Kong stock exchange (HKEX) with the Future Investment Initiative (FII) Institute’s governor Yasir Al-Rumayyan, they kicked off the biggest gathering of Saudi government ministers and business executives ever assembled in the city. More than 1,000 participants... https://www.scmp.com/economy/global-economy/article/3244590/global-impact-economic-centre-gravity-moving-towards-asia-saudi-ministers-executives-descend-hong?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3244590/global-impact-economic-centre-gravity-moving-towards-asia-saudi-ministers-executives-descend-hong?utm_source=rss_feed Mon, 11 Dec 2023 06:00:15 +0000 A day after Hong Kong’s wealthiest man closed what was in 2018 the world’s largest real estate deal, Peggy Sito was assigned to figure out how a consortium of buyers would share the spoils of the HK$40.2 billion (US$5.15 billion) office tower they just bought from Li Ka-shing. It was an assignment that involved numerous searches of company registrations, corporate filings, dozens of interviews and phone calls, in addition to her duty as the Deputy Business Editor at the South China Morning... https://www.scmp.com/business/banking-finance/article/3240192/hong-kongs-property-finance-esg-and-technology-through-pens-and-key-strokes-posts-veteran?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3240192/hong-kongs-property-finance-esg-and-technology-through-pens-and-key-strokes-posts-veteran?utm_source=rss_feed Tue, 07 Nov 2023 02:30:11 +0000 Saudi Arabia’s investment promotion agency may open an office in the Greater Bay Area (GBA), expanding its presence in southern China to attract capital, technology and talent to support the kingdom’s Saudi Vision 2030, a key official said. Invest Saudi, a brand overseen by the Saudi Ministry of Investment (MISA), may open an office somewhere in the bay area – the region made up of Hong Kong, Macau and nine Guangdong provincial cities – to augment the promotional mission currently undertaken by... https://www.scmp.com/business/article/3234440/invest-saudi-may-open-greater-bay-area-office-attract-capital-technology-and-talent-support-kingdoms?utm_source=rss_feed https://www.scmp.com/business/article/3234440/invest-saudi-may-open-greater-bay-area-office-attract-capital-technology-and-talent-support-kingdoms?utm_source=rss_feed Wed, 13 Sep 2023 23:00:11 +0000 Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now! On a scorching Sunday night two weeks ago in Riyadh, a spectacular gala was on display at the Saraj, a sprawling banquet hall at the heart of the Saudi capital. Dozens of performers brandished their sabres in a raucous warrior dance called the Ardah, while a dancer put on a 21st century version of the Dervish dance, complete... https://www.scmp.com/economy/global-economy/article/3225324/global-impact-banking-investments-food-security-health-sciences-and-future-mobility-table-china?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3225324/global-impact-banking-investments-food-security-health-sciences-and-future-mobility-table-china?utm_source=rss_feed Mon, 26 Jun 2023 06:00:11 +0000 Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now! China’s residential property market defied gravity in the first month of 2023, as more urban centres across the country reported rising prices than declines, auguring well for an economy that is still trying to regain its growth momentum after climbing out of a post-coronavirus slump. The average price of newly completed homes... https://www.scmp.com/economy/china-economy/article/3210806/global-impact-china-turns-heat-its-property-sector-economy-slowly-rebuilds?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3210806/global-impact-china-turns-heat-its-property-sector-economy-slowly-rebuilds?utm_source=rss_feed Mon, 20 Feb 2023 06:15:08 +0000 Shan Weijian recalled China’s golden era of economic reforms from 2000 to 2010, and the eye-watering growth evident in this period. In 2005, he led the only foreign takeover of a Chinese bank to date, and had to navigate the twists and turns of a country that was eager to change, but only wanted foreign capital that would come in on friendly terms. Shan was the co-managing partner of San Francisco-based private-equity firm Newbridge Capital when it took over a controlling stake in Shenzhen... https://www.scmp.com/business/banking-finance/article/3208605/maos-former-barefoot-doctor-recalls-sole-foreign-takeover-chinese-bank?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3208605/maos-former-barefoot-doctor-recalls-sole-foreign-takeover-chinese-bank?utm_source=rss_feed Tue, 31 Jan 2023 14:30:08 +0000 The much-heralded gathering of global bankers and financiers ended on Thursday on an optimistic note about Hong Kong’s prospects, as overseas attendees hailed their unhindered participation as proof that the city can put its coronavirus restrictions behind it and get back to business. The message that was repeated and reinforced throughout the three days of the Global Financial Leaders’ Investment Summit was that it is “business as usual” in Hong Kong, even if the city had been slower than other... https://www.scmp.com/economy/global-economy/article/3198663/global-impact-hong-kong-back-global-financiers-herald-citys-return?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3198663/global-impact-hong-kong-back-global-financiers-herald-citys-return?utm_source=rss_feed Mon, 07 Nov 2022 06:00:12 +0000 https://www.scmp.com/business/article/3186437/soaring-summer-temperatures-offer-further-proof-climate-change?utm_source=rss_feed https://www.scmp.com/business/article/3186437/soaring-summer-temperatures-offer-further-proof-climate-change?utm_source=rss_feed Sat, 23 Jul 2022 12:00:00 +0000 https://www.scmp.com/economy/article/3180539/shanghai-stumbles-back-life-chinas-commercial-hub-ends-two-month-lockdown?utm_source=rss_feed https://www.scmp.com/economy/article/3180539/shanghai-stumbles-back-life-chinas-commercial-hub-ends-two-month-lockdown?utm_source=rss_feed Sat, 04 Jun 2022 12:00:00 +0000 https://www.scmp.com/economy/article/3167056/what-does-year-tiger-hold-chinas-battered-and-bruised-property-market?utm_source=rss_feed https://www.scmp.com/economy/article/3167056/what-does-year-tiger-hold-chinas-battered-and-bruised-property-market?utm_source=rss_feed Sat, 12 Feb 2022 12:00:00 +0000 https://www.scmp.com/economy/article/3156893/work-begins-now-after-cop26-era-accountability?utm_source=rss_feed https://www.scmp.com/economy/article/3156893/work-begins-now-after-cop26-era-accountability?utm_source=rss_feed Sat, 20 Nov 2021 12:00:00 +0000 https://www.scmp.com/economy/article/3153542/embattled-evergrande-not-out-woods-chinese-property-developer-faces-hit?utm_source=rss_feed https://www.scmp.com/economy/article/3153542/embattled-evergrande-not-out-woods-chinese-property-developer-faces-hit?utm_source=rss_feed Sat, 23 Oct 2021 12:00:00 +0000 https://www.scmp.com/economy/article/3151198/world-news-day-highlights-climate-change-issue-just-power-cuts-sweep-across?utm_source=rss_feed https://www.scmp.com/economy/article/3151198/world-news-day-highlights-climate-change-issue-just-power-cuts-sweep-across?utm_source=rss_feed Sat, 02 Oct 2021 12:00:00 +0000 Dear Reader, Today marks the fourth annual World News Day, a global campaign to support journalists and highlight the value of fact-based journalism in making the world a better place. This year, World News Day focuses on journalism’s critical role in providing trustworthy information about an urgent issue that will define our lifetime – climate change. Because Hong Kong is so prone to typhoons, covering climate change has become a natural imperative for the South China Morning Post. A history... https://www.scmp.com/business/china-business/article/3150255/why-story-climate-change-needs-you-world-news-day?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3150255/why-story-climate-change-needs-you-world-news-day?utm_source=rss_feed Mon, 27 Sep 2021 19:00:26 +0000 https://www.scmp.com/economy/global-economy/article/3145966/can-chinas-tech-firms-still-find-route-list-new-york?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3145966/can-chinas-tech-firms-still-find-route-list-new-york?utm_source=rss_feed Sat, 21 Aug 2021 12:00:00 +0000 https://www.scmp.com/economy/article/3139818/hong-kongs-seemingly-bullet-proof-property-market-back-booming-louder-ever?utm_source=rss_feed https://www.scmp.com/economy/article/3139818/hong-kongs-seemingly-bullet-proof-property-market-back-booming-louder-ever?utm_source=rss_feed Sat, 03 Jul 2021 12:00:00 +0000 https://www.scmp.com/economy/article/3135431/taking-stock-new-hong-kong-stock-exchange-head-eyes-next-big-opportunity?utm_source=rss_feed https://www.scmp.com/economy/article/3135431/taking-stock-new-hong-kong-stock-exchange-head-eyes-next-big-opportunity?utm_source=rss_feed Sat, 29 May 2021 12:00:00 +0000 https://www.scmp.com/economy/article/3130060/implications-rising-wealth-time-coronavirus?utm_source=rss_feed https://www.scmp.com/economy/article/3130060/implications-rising-wealth-time-coronavirus?utm_source=rss_feed Sat, 17 Apr 2021 12:00:00 +0000 Hong Kong’s Financial Secretary Paul Chan Mo-po had little time to celebrate his 65th birthday in mid-March, as he would soon pick up a call asking for the famously laissez-faire city government to undertake its biggest corporate bailout in two decades. The city's flagship carrier Cathay Pacific Airways was on the brink of collapse, as air travel to one of Asia’s biggest aviation hubs fizzled out after months of anti-government protests and spreading coronavirus infections. Frantic negotiations... https://www.scmp.com/business/banking-finance/article/3092678/cathay-pacific-averts-financial-collapse-distress-call-tap?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3092678/cathay-pacific-averts-financial-collapse-distress-call-tap?utm_source=rss_feed Sat, 11 Jul 2020 05:00:17 +0000 Hong Kong's stock indexes rose after the market digested the policy address by the city's Chief Executive Carrie Lam Cheng Yuet-ngor for clues of how her administration would guide the economy out of its current slump, and avert the technical recession that's in store for the three months ending in December. The benchmark Hang Seng Index rose by as much as 0.8 per cent to an intraday high of 26,869.39, while the China Enterprises Index advanced by 0.5 per cent to 10,585.82. Banks and the... https://www.scmp.com/business/article/3033290/stocks-blog-hong-kong-market-digests-lams-policy-address?utm_source=rss_feed https://www.scmp.com/business/article/3033290/stocks-blog-hong-kong-market-digests-lams-policy-address?utm_source=rss_feed Thu, 17 Oct 2019 01:25:19 +0000 For two hours a day in the past fortnight, Edward Chan hung around after work at the Prince Edward metro station in Kowloon. Teenagers continued to gather at the station, and Chan, who works in logistics, found himself acting as their counsellor, dispensing advice to the youth. Hong Kong “is rotten to the core, with many issues affecting our livelihood, even if the city has a great international image on the surface”, according to Chan, who lives in a 350 sq ft flat with his wife and their... https://www.scmp.com/business/article/3029820/hongkongers-pay-price-their-low-taxes-through-worlds-most-expensive-homes?utm_source=rss_feed https://www.scmp.com/business/article/3029820/hongkongers-pay-price-their-low-taxes-through-worlds-most-expensive-homes?utm_source=rss_feed Sun, 22 Sep 2019 22:30:14 +0000 Hong Kong is heading into the last trading day of a short four-day trading week, while markets in Shanghai and Shenzhen remain closed for the Labour Day holiday. Stocks are likely to be weighed down by the latest gloomy reading of the city’s economy. Hong Kong’s first-quarter gross domestic product (GDP) grew at a dismal 0.5 per cent from last year, expanding at the slowest pace since the third quarter of 2009. The government blamed a weaker global economy and external headwinds – such as the... https://www.scmp.com/business/markets/article/3008658/stocks-blog-gloomy-economy-weighs-final-market-day-short-trading?utm_source=rss_feed https://www.scmp.com/business/markets/article/3008658/stocks-blog-gloomy-economy-weighs-final-market-day-short-trading?utm_source=rss_feed Fri, 03 May 2019 01:17:26 +0000 Trading resumes in Hong Kong's stock market after a one-day break to mark Labour Day, while the exchanges of Shanghai and Shenzhen remain closed for the remainder of the week. The Connect cross-border investment channel also remains closed. The month that ended saw the final slew of corporate earnings from Chinese companies for the first three months, and what a quarter it was: Chinese companies had their worst annual earnings season ever, with a record 452 out of 3,602 public companies... https://www.scmp.com/business/markets/article/3008504/stocks-blog-hong-kong-market-reels-chinas-worst-first-quarter?utm_source=rss_feed https://www.scmp.com/business/markets/article/3008504/stocks-blog-hong-kong-market-reels-chinas-worst-first-quarter?utm_source=rss_feed Thu, 02 May 2019 01:21:42 +0000 The Shanghai Stock Exchange will start a link programme with its London counterpart on December 14, with Huatai Securities among the first batch of Chinese stocks to be tradeable by UK investors, as the world’s largest emerging market opens up further to foreign investors, according to sources familiar with the plan. Huatai will issue a form of global depositary receipts (GDRs) in London, with Citigroup among the custodian banks that will oversee the conversion between the receipts and ordinary... https://www.scmp.com/business/china-business/article/2176333/shanghai-london-link-start-december-14-hsbc-and-huatai-among?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2176333/shanghai-london-link-start-december-14-hsbc-and-huatai-among?utm_source=rss_feed Tue, 04 Dec 2018 08:54:34 +0000 Jack Ma will hand over the keys of Asia’s most valuable company to Alibaba Group Holding’s chief executive officer, in an unprecedented succession plan that will slowly take the focus off one of China’s most recognisable corporate names over the next 12 months. Under the plan, Daniel Zhang will be promoted to executive chairman on September 10, 2019, while Ma remains a director on Alibaba’s board and a permanent member of the Alibaba Partnership, according to a letter to all staff including the... https://www.scmp.com/business/companies/article/2163466/alibaba-appoints-daniel-zhang-succeed-jack-ma-chairman-12-month?utm_source=rss_feed https://www.scmp.com/business/companies/article/2163466/alibaba-appoints-daniel-zhang-succeed-jack-ma-chairman-12-month?utm_source=rss_feed Mon, 10 Sep 2018 01:15:00 +0000 Jack Ma, who co-founded the world’s largest e-commerce platform, will unveil a succession strategy next week, part of a management plan 10 years in the making for grooming a generation of younger executives to take over the reins of Asia’s most valuable company. Ma, the executive chairman of Alibaba Group Holding and public face of the technology juggernaut, will unveil the plan on September 10 on his 54th birthday. An Alibaba spokesman said Ma remains the company’s executive chairman and will... https://www.scmp.com/business/companies/article/2163376/jack-ma-remain-alibabas-chairman-succession-plan-younger-talent?utm_source=rss_feed https://www.scmp.com/business/companies/article/2163376/jack-ma-remain-alibabas-chairman-succession-plan-younger-talent?utm_source=rss_feed Sat, 08 Sep 2018 12:15:30 +0000 With the 2018 World Cup in full swing, Carlos Ghosn, chairman of the Renault-Nissan-Mitsubishi Alliance, has plenty to be optimistic about. Born in Brazil’s tin mining town of Porto Velho, raised in Lebanon and schooled in France, and as boss of a Franco-Japanese auto conglomerate headquartered in the Netherlands, he has a number of teams to support in the coming tournament. “I support the winner,” Ghosn said when asked his preference. Ghosn is best known for his turnaround of Nissan Motor,... https://www.scmp.com/business/companies/article/2150324/carlos-ghosns-biggest-test-yet-how-untie-renault-nissan?utm_source=rss_feed https://www.scmp.com/business/companies/article/2150324/carlos-ghosns-biggest-test-yet-how-untie-renault-nissan?utm_source=rss_feed Sat, 16 Jun 2018 00:01:55 +0000 Picture something made in China. If what you saw was cheap but poorly made  – then this Chinese techie would like to prove you wrong. Lei Jun, CEO and co-founder of Xiaomi, best known as a smartphone maker, is convinced that he can build a consumer products empire that creates everything from pens to neck pillows: and everything will be both affordable and well-made. Talk is cheap, but investors are unlikely to dismiss Lei's goals as lofty. In fact, bankers are set to value his company at a... https://www.scmp.com/business/xiaomis-lei-jun-wants-make-gadgets-are-cheap-and-good/article/2142285?utm_source=rss_feed https://www.scmp.com/business/xiaomis-lei-jun-wants-make-gadgets-are-cheap-and-good/article/2142285?utm_source=rss_feed Wed, 18 Apr 2018 09:30:00 +0000 Lei Jun is a busy man. On a recent Saturday, his first full day in Xiaomi’s Beijing headquarters in three weeks, the founder of the world’s fourth-largest smartphone maker had scheduled 11 back-to-back meetings with board members, government officials, colleagues and customers.  Nursing a venti cup of Starbucks coffee, Lei was in a reflective mood when he met with the South China Morning Post mid-afternoon. On the verge of deciding where to list his company, Lei is being wooed by stock exchange... https://www.scmp.com/business/companies/article/2142130/rise-xiaomi-inside-humble-chinese-start-poised-become-years?utm_source=rss_feed https://www.scmp.com/business/companies/article/2142130/rise-xiaomi-inside-humble-chinese-start-poised-become-years?utm_source=rss_feed Tue, 17 Apr 2018 22:00:15 +0000 The head of the International Monetary Fund said on Wednesday that global debt, including that of China, had soared to 220 per cent of global output, a staggering level that did not bode well for member economies. The Bank of International Settlements, which serves as a central bank to the world’s central banks, last month included China and Hong Kong on a list of economies whose debt-to-GDP ratios had raised “red flags”. The IMF, which employs different numbers to measure indebtedness, was... https://www.scmp.com/news/china/economy/article/2141325/imf-chief-christine-lagarde-expresses-concern-over-rising-global?utm_source=rss_feed https://www.scmp.com/news/china/economy/article/2141325/imf-chief-christine-lagarde-expresses-concern-over-rising-global?utm_source=rss_feed Wed, 11 Apr 2018 15:00:30 +0000 Hong Kong’s currency should remain pegged to the US dollar, said the International Monetary Fund’s Managing Director Christine Lagarde, even if it has weakened to the lowest level in 35 years, barely 0.01 cent from touching a red line that triggers an intervention by the city’s monetary authority. “The pegging mechanism in place is consistent with the fundamentals of the economy,” Lagarde said in an interview with the South China Morning Post, after delivering a speech at the Hong Kong... https://www.scmp.com/business/banking-finance/article/2141310/hong-kongs-currency-remain-pegged-us-dollar-near-future?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2141310/hong-kongs-currency-remain-pegged-us-dollar-near-future?utm_source=rss_feed Wed, 11 Apr 2018 10:46:03 +0000 US President Donald Trump, poised to add an estimated US$60 billion tariff package on Chinese products this week, is mulling a so-called reciprocal tax on imports to help America narrow its US$375 billion trade deficit with China, and he won’t back off until the imbalance “moves in the right direction,” said his former chief of staff. “I don’t think the president is looking for a trade war, but he won’t back down from an issue he’s been talking about, and believed in, for 40 years,” said former... https://www.scmp.com/business/global-economy/article/2138262/dog-bone-trade-trump-wont-back-down-until-us-deficit-narrows?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2138262/dog-bone-trade-trump-wont-back-down-until-us-deficit-narrows?utm_source=rss_feed Wed, 21 Mar 2018 12:00:15 +0000 I can see it, no more than three metres away: a furry, rusty brown face with a white chin and throat, topped with oval eyes. A Japanese red fox. Am I imagining it, or did it wink at me, before vanishing into the underbrush? The best things to do on a Tokyo Haneda layover, from sushi and shopping to the Shibuya crossing Kitsune, as the animal is called in Japan, is a wise, powerful and mischievous presence in local lore. The most common tale says vixens can shift their shape into maidens to marry... https://www.scmp.com/lifestyle/travel-leisure/article/2116600/six-tips-long-distance-cycling-japan-learned-hard-way?utm_source=rss_feed https://www.scmp.com/lifestyle/travel-leisure/article/2116600/six-tips-long-distance-cycling-japan-learned-hard-way?utm_source=rss_feed Tue, 24 Oct 2017 10:00:45 +0000 “It’s taken us 25 years to move one kilometre from where we began,” muses Guo Guangchang from Fosun’s new head office, called The Bund Finance Center – a new financial quarter built near the waterfront of Shanghai’s old town. Designed by Foster and Partners – the British company behind HSBC’s headquarters in Hong Kong among countless other flagship creations, and Heatherwick Studio, the development includes two 180-metre landmark towers containing offices, a boutique hotel and retail spaces. Guo... https://www.scmp.com/business/china-business/article/2110354/guo-banks-social-media-never-making-him-unreachable-again?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2110354/guo-banks-social-media-never-making-him-unreachable-again?utm_source=rss_feed Fri, 08 Sep 2017 09:40:09 +0000 When Guo Guangchang bought his first American asset, 28 Liberty Building (formerly known as One Chase Manhattan Plaza) in the financial heart of New York in 2013, he envisaged American camaraderie, backslapping and good nature throughout his US business. He wanted his new employees to call him George, recalling the personal way CEOs such as Citigroup’s Sandy Weill had dealt with employees. Read: Guo banks on social media never making him ‘unreachable’ again However, the American employees at the... https://www.scmp.com/business/companies/article/2110339/fosun-chairman-moulds-multifaceted-global-giant-constant-learning?utm_source=rss_feed https://www.scmp.com/business/companies/article/2110339/fosun-chairman-moulds-multifaceted-global-giant-constant-learning?utm_source=rss_feed Fri, 08 Sep 2017 08:15:30 +0000 Air Products & Chemicals Inc said it’s pulling out of its bid to buy control of Yingde Gases Group Co., dropping a takeover which would have given it as much as 22 per cent share of China’s market for industrial gases. “It is not in the best interests of Air Products’ shareholders to continue to pursue an acquisition of Yingde,” according to an emailed statement by the company based in Allentown, Pennsylvania. The expected withdrawal follows last week’s sale by Yingde’s ousted chairman Zhao... https://www.scmp.com/business/companies/article/2081903/air-products-abandons-takeover-plan-chinas-yingde-gases?utm_source=rss_feed https://www.scmp.com/business/companies/article/2081903/air-products-abandons-takeover-plan-chinas-yingde-gases?utm_source=rss_feed Fri, 24 Mar 2017 11:19:36 +0000 The scene is set for next Wednesday’s showdown among the founders of Yingde Gases Group Co. At Yingde’s factory in Zhuhai, shareholders of China’s biggest industrial gases supplier will vote on two motions by two feuding factions of co-founders to kick each other out. The first proposal by chairman Zhao Xiangti seeks to eject his two co-founders, accusing them of mismanagement. An hour later, a second motion by former chairman Mark Sun Zhongguo and former chief operating officer Trevor Strutt... https://www.scmp.com/business/commodities/article/2075878/mud-crab-feast-started-yingdes-boardroom-coup?utm_source=rss_feed https://www.scmp.com/business/commodities/article/2075878/mud-crab-feast-started-yingdes-boardroom-coup?utm_source=rss_feed Sat, 04 Mar 2017 01:02:06 +0000 China is designing its next generation of trains that can carry passengers at a top speed of 500km/h and cargo at 250km/h with wheels that can adjust to fit different track gauges used around the world. Under an ambitious government plan starting this year, the country is developing trains that can run on a hybrid-propulsion system that allows higher speeds, said Jia Limin, a professor at Beijing Jiaotong University. Using the enhanced technology and expanded network, “China will have the... https://www.scmp.com/business/companies/article/2022439/china-developing-500km/h-trains-lead-export-high-speed-rail?utm_source=rss_feed https://www.scmp.com/business/companies/article/2022439/china-developing-500km/h-trains-lead-export-high-speed-rail?utm_source=rss_feed Sun, 25 Sep 2016 14:00:45 +0000