https://www.scmp.com/rss/329556/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com All the while, theme parks have proven highly profitable elsewhere in Asia, some even needing to expand to accommodate growing numbers of visitors.   Tap here to launch this special feature https://www.scmp.com/infographics/hong-kong/hong-kong-economy/article/3048707/ocean-park-red?utm_source=rss_feed https://www.scmp.com/infographics/hong-kong/hong-kong-economy/article/3048707/ocean-park-red?utm_source=rss_feed Mon, 03 Feb 2020 10:33:44 +0000 The six biggest US banks have never had a US$100 billion year. Until now. Goldman Sachs Group, JPMorgan Chase and their peers have already reported more than US$111 billion of profit for 2018. Morgan Stanley will only make that number bigger when it releases its fourth-quarter results Thursday. They have Republican tax cuts to thank, along with rising interest rates, a surge in deal making and a retail-banking boom. JPMorgan and Bank of America both had record years, while Goldman Sachs and... https://www.scmp.com/business/banking-finance/article/2182448/its-official-wall-street-topped-100-billion-profit?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2182448/its-official-wall-street-topped-100-billion-profit?utm_source=rss_feed Thu, 17 Jan 2019 01:52:00 +0000 A flurry of bonds issued by small Chinese firms in US dollars this week have been met with healthy demand from investors as market sentiment improves amid an easing of US-China trade tensions and signs of monetary easing. Sunac China Holdings, fourth largest mainland developers by sales, on Friday saw its US$600 million, two-year bond oversubscribed nearly four times. It was issued with a coupon rate of 8.375 per cent, 50 basis points lower than the initial guidance. On Thursday, Road King... https://www.scmp.com/business/markets/article/2181571/chinese-firms-us-dollar-bonds-snapped-hopes-trade-war-breakthrough?utm_source=rss_feed https://www.scmp.com/business/markets/article/2181571/chinese-firms-us-dollar-bonds-snapped-hopes-trade-war-breakthrough?utm_source=rss_feed Thu, 10 Jan 2019 22:33:09 +0000 Hong Kong property giant New World Development (NWD) has expanded its footprint in China’s Greater Bay Area, by buying a majority stake in a prime land site above a Guangzhou metro station for 4.78 billion yuan (US$690 million). In a filing to the Hong Kong stock exchange on Tuesday, the company said it has entered an agreement with Guangzhou Metro Corporation to buy a 65 per cent stake in a subsidiary of the rail operator which acquired the land in November last year. They will jointly develop... https://www.scmp.com/property/hong-kong-china/article/2175297/new-world-development-buys-majority-stake-site-above-metro?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2175297/new-world-development-buys-majority-stake-site-above-metro?utm_source=rss_feed Tue, 27 Nov 2018 22:31:23 +0000