https://www.scmp.com/rss/501806/feed Snow Xia is a former business reporter at the South China Morning Post covering stocks, banking, IPOs, fintech, companies, and trends shaping the world's second-largest economy. Prior to joining the Post in 2019, she produced documentary videos for Boston Channel 5 (Hearst Television) in the United States. She graduated with a Master’s in journalism from Boston University and a Bachelor's in finance from Kean University. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The coronavirus pandemic has made homes on Hong Kong’s outlying islands more attractive to buyers, according to property agents. “Lifestyles and preferences for accommodation are changing due to the pandemic. Although, there is no direct evidence that the outbreak has prompted people to move to the suburbs, but recent consulting about low-density property in the New Territories and outlying islands has increased significantly,” said Owen Yau, associate director at Savills. Lantau Island, for... https://www.scmp.com/business/article/3091167/coronavirus-boosts-demand-homes-hong-kongs-outlying-lantau-lamma-islands?utm_source=rss_feed https://www.scmp.com/business/article/3091167/coronavirus-boosts-demand-homes-hong-kongs-outlying-lantau-lamma-islands?utm_source=rss_feed Wed, 01 Jul 2020 00:00:18 +0000 There’s whisky. And then there’s rare whisky – one of the world’s hottest luxury assets that private equity whisky fund Rare Single Malts hopes wealthy Hong Kong investors can develop a taste for as a hedge against global economic uncertainties. Rare Single Malts aims to raise a total £20 million (US$24.88 million) in capital in Hong Kong and select other cities around the world, which it will then use to buy limited, rare and vintage whisky bottles, collections and casks. The fund is targeting... https://www.scmp.com/business/article/3090886/will-hong-kongs-wealthy-investors-develop-taste-rare-whisky-private-equity?utm_source=rss_feed https://www.scmp.com/business/article/3090886/will-hong-kongs-wealthy-investors-develop-taste-rare-whisky-private-equity?utm_source=rss_feed Sun, 28 Jun 2020 04:00:18 +0000 Bosideng International, China’s largest manufacturer of down jackets, has recorded its best performance since 2012, bucking pessimism in markets ravaged by the coronavirus pandemic. Earnings rose 22.6 per cent to 1.2 billion yuan (US$169.7 million) for the year ended March 31, the Shanghai-based group said in an exchange filing. Sales increased 17.4 per cent to 12.2 billion yuan, an all-time high since it went public in 2007. While the Covid-19 disease has traumatised small and medium-sized... https://www.scmp.com/business/companies/article/3090374/chinas-biggest-down-jacket-maker-evades-pandemic-blues-record?utm_source=rss_feed https://www.scmp.com/business/companies/article/3090374/chinas-biggest-down-jacket-maker-evades-pandemic-blues-record?utm_source=rss_feed Wed, 24 Jun 2020 08:00:12 +0000 Is Hong Kong’s luxury residential market set for a historic rout in the months ahead? Last week, a 5,630 sq ft duplex unit on the 50th and 51st floor of Arezzo development at 33 Seymour Road in Mid-Levels was leased for a monthly rent of HK$100,000, according to the city’s Land Registry. The HK$17.80 per square foot price tag is half the average rate on small and medium-sized homes in the city tracked by Midland Realty. The eye-catching transaction in the property owned by Taiwanese actress Wu... https://www.scmp.com/business/article/3090259/taiwanese-actress-crashes-rents-mid-levels-hong-kongs-luxury-property-set?utm_source=rss_feed https://www.scmp.com/business/article/3090259/taiwanese-actress-crashes-rents-mid-levels-hong-kongs-luxury-property-set?utm_source=rss_feed Wed, 24 Jun 2020 00:00:17 +0000 Vitasoy International, Hong Kong’s largest non-carbonated beverage manufacturer, is scaling up its business in mainland China to prepare for a rebound in sales in the second half after the coronavirus pandemic halted progress in its biggest market in the region. The company expects sales to return to normal in the second half, allowing it to catch up on lost volumes in the opening six months because of lockdown measures to stem the viral outbreak. The group reported a 23 per cent slide in... https://www.scmp.com/business/china-business/article/3089828/vitasoy-prepares-scale-china-business-post-pandemic-rebound?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3089828/vitasoy-prepares-scale-china-business-post-pandemic-rebound?utm_source=rss_feed Fri, 19 Jun 2020 10:00:53 +0000 Sa Sa International Holdings, Hong Kong’s biggest cosmetics retailer, has reported a record loss after bearing the full brunt of the US-China trade war, social unrest and the coronavirus pandemic. The firm incurred a net loss of HK$515.9 million (US$66.6 million) for the year ending March 31 versus a profit of HK$470.8 million a year earlier, it said in an exchange filing on Thursday. The loss is also the company’s first since 2002, prompting deep cost-cutting measures for survival. “The... https://www.scmp.com/business/companies/article/3089601/hong-kongs-biggest-cosmetic-retailer-sa-sa-says-business-still?utm_source=rss_feed https://www.scmp.com/business/companies/article/3089601/hong-kongs-biggest-cosmetic-retailer-sa-sa-says-business-still?utm_source=rss_feed Thu, 18 Jun 2020 08:45:37 +0000 The world’s two largest economies may be caught up in tensions over trade and the coronavirus pandemic, but some signs suggest both sides are seeking to mend ties on the business front. Recent concessions include wider access to China’s onshore financial market and the removal of some two-way air travel restrictions, despite the uneasy political undercurrents. Here are some notable events to consider ahead of a meeting between US Secretary of State Mike Pompeo and China’s top diplomat Yang... https://www.scmp.com/business/companies/article/3089482/what-are-some-latest-concessions-us-china-relations-ahead-hawaii?utm_source=rss_feed https://www.scmp.com/business/companies/article/3089482/what-are-some-latest-concessions-us-china-relations-ahead-hawaii?utm_source=rss_feed Thu, 18 Jun 2020 01:00:04 +0000 Cafe de Coral Holdings, which operates a chain of fast food restaurants in Hong Kong and mainland China, is planning to trim its workforce costs and restructure rental leases after posting its worst earnings since at least 2003. Hit by the Covid-19 pandemic and weak market sentiment, profit fell 87 per cent to HK$73.6 million (US$9.6 million) for the 12 months to March 31, from HK$570 million a year earlier, the company said in an exchange filing on Monday. It will scrap dividend to preserve... https://www.scmp.com/business/article/3089155/cafe-de-coral-trim-operating-costs-seek-rental-relief-after-covid-19-fuels?utm_source=rss_feed https://www.scmp.com/business/article/3089155/cafe-de-coral-trim-operating-costs-seek-rental-relief-after-covid-19-fuels?utm_source=rss_feed Mon, 15 Jun 2020 13:13:03 +0000 The tide of Chinese students flowing abroad to study, which has tripled in the last decade, looks set to recede in the near future due to fears about the coronavirus pandemic and escalating China-US tensions, according to Chinese agencies that help students enrol at foreign universities. About 40,000 mainland students went abroad in 2000, but that number soared to 662,100 in 2018, underlining one of the most significant changes in international education exchanges in decades. The surge in the... https://www.scmp.com/economy/china-economy/article/3087365/coronavirus-us-tensions-slow-tide-overseas-chinese-students?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3087365/coronavirus-us-tensions-slow-tide-overseas-chinese-students?utm_source=rss_feed Wed, 03 Jun 2020 23:30:15 +0000 Beijing’s public security authority has vowed to “fully guide” Hong Kong’s embattled police force in safeguarding stability, raising eyebrows over what this would mean amid a raging controversy sparked by plans to impose a tailor-made national security law on the city. The Ministry of Public Security made the undertaking through its online news portal on Thursday, but provided no details, prompting questions from local scholars, commentators and security experts as to how the guidance, if any,... https://www.scmp.com/news/hong-kong/law-and-crime/article/3086783/chinas-public-security-ministry-vows-fully-guide-hong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3086783/chinas-public-security-ministry-vows-fully-guide-hong?utm_source=rss_feed Fri, 29 May 2020 17:03:51 +0000 An antibody found in a person who had severe acute respiratory syndrome (Sars) in 2003 could help the development of therapies to treat Covid-19, according to a new study by scientists in the United States. Researchers from the University of Washington school of medicine in Seattle said that the antibody, which they call S309, showed a strong ability to bind to and disable the spike protein of Sars-CoV-2, the formal name for the coronavirus that causes Covid-19. The spike protein is what the... https://www.scmp.com/news/china/science/article/3085311/coronavirus-antibody-found-sars-patient-could-help-fight-covid?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3085311/coronavirus-antibody-found-sars-patient-could-help-fight-covid?utm_source=rss_feed Wed, 20 May 2020 11:00:11 +0000 A man who was kidnapped as a child has been reunited with his parents after 32 years, bringing an end to one of China’s most notorious abduction cases. Mao Yin was two in 1988 when he disappeared in Xian, the capital of the northern province of Shaanxi, and was sold to another family who raised him as their own son. Mao, who was renamed Gu Ningning by his adoptive parents, was reunited with his mother and father – Li Jingzhi and Mao Zhenjing – on Monday at a press conference organized by the... https://www.scmp.com/society/kidnapped-toddler-reunited-family-after-32-years/article/3085246?utm_source=rss_feed https://www.scmp.com/society/kidnapped-toddler-reunited-family-after-32-years/article/3085246?utm_source=rss_feed Wed, 20 May 2020 10:42:20 +0000 A man who was kidnapped as a child has finally been reunited with his parents after 32 years, bringing to an end one of China’s most notorious abduction cases. Mao Yin was two when he disappeared in Xian, the capital of Shaanxi province, in 1988 and was sold to another family who raised him as their own son. Mao, who was renamed Gu Ningning by his adoptive parents, was reunited with his mother and father – Li Jingzhi and Mao Zhenjing – on Monday at a press conference organised by the police... https://www.scmp.com/news/china/society/article/3084925/chinese-family-reunited-kidnapped-son-after-32-years?utm_source=rss_feed https://www.scmp.com/news/china/society/article/3084925/chinese-family-reunited-kidnapped-son-after-32-years?utm_source=rss_feed Mon, 18 May 2020 23:45:09 +0000 Hong Kong cannot afford to ignore the opportunities presented by China’s ambitious plan to develop the Greater Bay Area into a hi-tech economic and business hub, experts at the China Conference organised by the South China Morning Post said on Friday. The plan aims to connect Hong Kong, Macau and nine cities in southern China, in a region home to about 70 million people and 12 per cent of China’s GDP. New infrastructure, financial services and technology will not only facilitate the movement of... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3084654/greater-bay-area-offers-opportunity-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3084654/greater-bay-area-offers-opportunity-hong-kong?utm_source=rss_feed Fri, 15 May 2020 13:19:14 +0000 Annual charity drive Operation Santa Claus (OSC) raised more than HK$16 million to support Hong Kong’s needy in 2019, exceeding the previous year’s total despite the steep economic downturn amid last year’s social unrest. Donations from the campaign, run by the South China Morning Post and RTHK since 1988, will benefit 13 local charities that help those in need, including children from low-income families and the mentally and physically disabled. According to the latest audited figure, the 2019... https://www.scmp.com/news/hong-kong/society/article/3084428/operation-santa-claus-outpaces-last-years-fundraising-hong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3084428/operation-santa-claus-outpaces-last-years-fundraising-hong?utm_source=rss_feed Fri, 15 May 2020 02:00:15 +0000 Little patients at Hong Kong Children’s Hospital are being offered alternative mental health support as visits of social workers and volunteers have been cancelled amid the Covid-19 pandemic. A thousand gift bags and various interesting television programmes have been prepared for children suffering from complex and rare diseases, to help them adapt to life in isolation, the hospital said. Since late January, social workers, who used to play an important role in accompanying children in the... https://www.scmp.com/news/hong-kong/health-environment/article/3082122/coronavirus-gift-bags-tv-shows-little-patients?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3082122/coronavirus-gift-bags-tv-shows-little-patients?utm_source=rss_feed Wed, 29 Apr 2020 23:00:14 +0000 Hongkongers are playing video games more than ever due to being stuck at home under the city’s Covid-19 social-distancing rules, but they are also spending less money on them given their pessimism about the economy, according to local gaming companies. Despite the growth in terms of players, revenue at some local companies has dropped 5 to 15 per cent since the pandemic’s outbreak. That stands in contrast to the global market, which has seen growth in both, two members of the Hong Kong Game... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3081558/coronavirus-online-games-are-helping-social?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3081558/coronavirus-online-games-are-helping-social?utm_source=rss_feed Sat, 25 Apr 2020 23:30:08 +0000 Hong Kong’s long-awaited university entrance exams began on Friday morning amid the coronavirus pandemic, with at least six candidates unable to take the tests due to fever or other illnesses, while almost 300 others withdrew either because they were sick or outside the city, according to the supervising authority. Many of the 3,300 candidates sitting the visual arts exam at 8.30am arrived more than an hour early as traffic was mostly smooth in the morning. They were among the 52,000 candidates... https://www.scmp.com/news/hong-kong/education/article/3081339/hong-kong-students-finally-begin-delayed-diploma-secondary?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education/article/3081339/hong-kong-students-finally-begin-delayed-diploma-secondary?utm_source=rss_feed Fri, 24 Apr 2020 01:17:28 +0000 Two-year-old Livia, the child of a Hong Kong mother and German father, is among patients in a London hospital as Britain grapples with a lockdown wrought by the coronavirus. But she is fighting a disease much rarer and even deadlier. Livia was diagnosed in early March with acute myeloid leukaemia (AML). Because of the coronavirus pandemic, visits to her bedside have been restricted to reduce infection risks. Only her father can stay with her. Her aunt and grandparents in Hong Kong cannot travel... https://www.scmp.com/news/hong-kong/health-environment/article/3080112/hong-kong-mother-two-year-old-leukaemia-london?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3080112/hong-kong-mother-two-year-old-leukaemia-london?utm_source=rss_feed Wed, 15 Apr 2020 14:23:54 +0000 Hongkongers rushed to beauty parlours on Thursday ahead of their two-week closure to prevent the spread of Covid-19 as the industry braced for the financial impact of the shutdown. Salons report a surge in demand before the suspension of beauty, massage and tattoo businesses takes effect on Friday under an expansion of the government’s 14-day ban on the operation of leisure and recreation venues. Aphena Chiu, the owner of Rejuvena de Beauté in Hung Hom, said she had more than 10 clients on... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3079284/coronavirus-beauty-treatment-rush-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3079284/coronavirus-beauty-treatment-rush-hong-kong?utm_source=rss_feed Thu, 09 Apr 2020 12:44:11 +0000 The coronavirus testing process depends on the instructions of the health authorities of the place where you live. In Hong Kong, it is recommended people call their doctors and get tested if they have symptoms of infection, they have travelled to regions with high infection rates, or they have had close contacts with someone infected. The most common symptoms of Covid-19 are: fever tiredness a dry cough According to the World Health Organisation (WHO), some people may develop other symptoms... https://www.scmp.com/news/hong-kong/health-environment/article/3078508/coronavirus-testing-how-it-works-and-where-get?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3078508/coronavirus-testing-how-it-works-and-where-get?utm_source=rss_feed Sun, 05 Apr 2020 09:37:34 +0000 The South China Morning Post has joined two other leading Asia-Pacific newsrooms in Singapore and Sydney for the world’s first international Facebook Watch media event to analyse and share lessons from the front lines of the war against Covid-19. The 45-minute show, which was broadcast on Friday at noon Hong Kong time, features interviews with renowned local and international experts who took questions from some of the region’s most experienced journalists as well as from viewers. Covid... https://www.scmp.com/news/article/3078188/asia-pacific-medical-experts-offer-insight-front-lines-covid-19-battle-online?utm_source=rss_feed https://www.scmp.com/news/article/3078188/asia-pacific-medical-experts-offer-insight-front-lines-covid-19-battle-online?utm_source=rss_feed Thu, 02 Apr 2020 14:45:23 +0000 Some 200 medical students at the University of Hong Kong sat their final-year exams on Wednesday despite the coronavirus pandemic, after the government exempted the event from a ban on gatherings of more than four people on the grounds that their graduation was crucial to the city’s health care system. The assessment went ahead even though a survey among 174 final-year HKU medical students conducted on March 28 found more than 60 per cent of them felt it should not continue as scheduled. An... https://www.scmp.com/news/hong-kong/health-environment/article/3078014/coronavirus-university-hong-kong-final-year?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3078014/coronavirus-university-hong-kong-final-year?utm_source=rss_feed Wed, 01 Apr 2020 15:06:37 +0000 The government should give each jobless Hongkonger HK$34,800 (US$4,500) over six months and offer compensation to those who catch the coronavirus at work, according to a charity which has reported a fourfold rise in unemployment among the city’s poorest families during the health crisis. Of the 324 people surveyed by Oxfam Hong Kong and Kwun Tong Methodist Social Service, only 32 were unemployed before Lunar New Year, but that figure had surged to 161 within two months. The holidays started on... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3077154/hong-kongs-unemployed-need-hk35000-handouts?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3077154/hong-kongs-unemployed-need-hk35000-handouts?utm_source=rss_feed Thu, 26 Mar 2020 12:40:56 +0000 Robot engineers and operators in China have come up with ways to use the devices to help fight the Covid-19 epidemic on the streets and in hospitals. https://www.scmp.com/tech/coronavirus-china-steps-use-robots-fight-covid-19-epidemic/article/3052811?utm_source=rss_feed https://www.scmp.com/tech/coronavirus-china-steps-use-robots-fight-covid-19-epidemic/article/3052811?utm_source=rss_feed Fri, 28 Feb 2020 12:21:02 +0000 Han Hyo-joo, a household name across Asia and a former best actress winner at South Korea’s prestigious Blue Dragon Film Awards, turns 33 today. She also celebrates 17 years in the television and film industry. Here are some of her most outstanding performances. 1. Spring Waltz (2006) Han’s profile got a boost when she starred in the television drama Spring Waltz, the fourth and final season of director Yoon Seok-ho’s Endless Love series, which helped propel the emerging “Korean wave” across... https://www.scmp.com/lifestyle/entertainment/article/3051742/k-drama-actress-han-hyo-joos-best-tv-and-film-roles-she?utm_source=rss_feed https://www.scmp.com/lifestyle/entertainment/article/3051742/k-drama-actress-han-hyo-joos-best-tv-and-film-roles-she?utm_source=rss_feed Sat, 22 Feb 2020 00:45:13 +0000 Bowie Tsang Baoyi has spent years trying to prove she is more than just the daughter of successful Hong Kong actor Eric Tsang Chi-wai – and it’s something she has succeeded in doing. Tsang, who celebrates her 47th birthday today, is known for being a versatile television host, Mandopop singer, actress and author. While studying at National Taiwan University, Tsang worked part-time as an assistant producer at Zhen Yan She, a subsidiary company of Rock Records – a record label based in... https://www.scmp.com/lifestyle/entertainment/article/3051593/bowie-tsang-how-taiwanese-tv-host-singer-actress-and?utm_source=rss_feed https://www.scmp.com/lifestyle/entertainment/article/3051593/bowie-tsang-how-taiwanese-tv-host-singer-actress-and?utm_source=rss_feed Thu, 20 Feb 2020 18:00:16 +0000 Kim Soo-hyun can be defined in a number of ways. He is a top-tier South Korean actor, a household name across Asia, winner of numerous television and film awards, and was formerly one of the influential young people on the Forbes 30 Under 30 Asia list. Born on February 16, 1988, Kim turns 32 on Sunday, and is celebrating 13 years as an actor. After completing two years of compulsory military service in 2019, Kim returned to acting with the lead role in Psycho But It’s Okay, a South Korean... https://www.scmp.com/lifestyle/entertainment/article/3050587/k-drama-actor-kim-soo-hyun-his-five-best-roles-he?utm_source=rss_feed https://www.scmp.com/lifestyle/entertainment/article/3050587/k-drama-actor-kim-soo-hyun-his-five-best-roles-he?utm_source=rss_feed Sat, 15 Feb 2020 23:53:27 +0000 In the late 1990s, Michelle Ye Xuan was identified as a rising star by Hong Kong-based television station TVB. As her career in the entertainment industry shows, Ye – who turns 40 on Friday – has more than lived up to her early promise. Born on February 14, 1980, in the eastern Chinese city of Hangzhou, she grew up in a family that placed emphasis on academic excellence. Ye moved to the United States at the age of 10 and earned a full scholarship to study political science at Wellesley... https://www.scmp.com/lifestyle/entertainment/article/3050425/michelle-ye-xuan-chinese-actress-producer-and-beauty-queen?utm_source=rss_feed https://www.scmp.com/lifestyle/entertainment/article/3050425/michelle-ye-xuan-chinese-actress-producer-and-beauty-queen?utm_source=rss_feed Thu, 13 Feb 2020 21:00:06 +0000 Although he is no longer the biggest music sensation in China, no one would deny that Han Geng, who turns 36 on Sunday, has earned a place in Chinese pop culture history. That’s because Han was the first singer from the country to make it big in a K-pop band. China got its first taste of South Korean pop music in the late 1990s. The first K-pop bands, as they became known, were formed by SM Entertainment – H.O.T. (1996) and Shinhwa (1998), and the first girl group, S. E. S (1997) – which... https://www.scmp.com/lifestyle/entertainment/article/3049440/han-geng-how-chinas-first-k-pop-star-went-super-junior?utm_source=rss_feed https://www.scmp.com/lifestyle/entertainment/article/3049440/han-geng-how-chinas-first-k-pop-star-went-super-junior?utm_source=rss_feed Sat, 08 Feb 2020 05:00:10 +0000 When he lost his forearms in an accident in China at age 27, Sun Jifa was told that the prosthetics he needed for daily life would cost more than he could afford. So he went ahead and found a way to make artificial limbs himself. He went on to develop his skills, and today the 66-year-old continues to manufacture cheap prosthetic limbs to disabled people around the country from his hometown of Yongji in the northeastern province of Jilin. https://www.scmp.com/china/disabled-chinese-man-makes-artificial-limbs-himself-and-others/article/3047479?utm_source=rss_feed https://www.scmp.com/china/disabled-chinese-man-makes-artificial-limbs-himself-and-others/article/3047479?utm_source=rss_feed Fri, 24 Jan 2020 10:12:37 +0000 The emerging global sport of ice dragon boat racing came to Jinzhou, Liaoning Province on December 29. https://www.scmp.com/china/ice-dragon-boat-racing-china-warms-you-winter/article/3044024?utm_source=rss_feed https://www.scmp.com/china/ice-dragon-boat-racing-china-warms-you-winter/article/3044024?utm_source=rss_feed Tue, 31 Dec 2019 09:50:39 +0000 Vintage Chinese teas are making a mark for themselves in Hong Kong’s auction scene, with investors and collectors paying record prices, defying the gloom in a city hamstrung by months of political upheaval and a recession. A stack of seven compressed cakes of Tong Xing Hao Puer tea from the 1920s went under the hammer for HK$8.4 million (US$1.08 million) before fees on November 24, according to auctioneer L&H Auction. Local and mainland Chinese bidders drove the price to the upper end of its... https://www.scmp.com/business/money/markets-investing/article/3043292/vintage-chinese-teas-are-beating-stock-commodity?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/3043292/vintage-chinese-teas-are-beating-stock-commodity?utm_source=rss_feed Thu, 26 Dec 2019 01:00:20 +0000 Emerging markets in Asia, including China, could benefit from an influx of global capital in 2020, with the region offering upbeat economic growth prospects amid the possibility the US dollar could weaken after a decade-long extended rally, strategists said. The dollar’s strengthening cycle against emerging market currencies will peak next year, as the rest of the world catches up with the United States’ bright economic growth this year, Deutsche Bank said. “That will help bring more money into... https://www.scmp.com/business/money/article/3042661/asian-markets-led-china-benefit-global-capital-inflows-2020-us?utm_source=rss_feed https://www.scmp.com/business/money/article/3042661/asian-markets-led-china-benefit-global-capital-inflows-2020-us?utm_source=rss_feed Wed, 18 Dec 2019 10:41:52 +0000 Cantonese restaurants operator Li Bao Ge Group will step into China’s vast food delivery market by working with Alibaba’s online-to-offline grocery retail platform, Freshippo, in order to boost revenue that has been severely dented by the social unrest in Hong Kong. Li Bao Ge entered an agreement with Freshippo to set up more than 10 counters at the latter’s stores in Shenzhen before December 15 next year, securing exclusive selling rights for its speciality spit-roasted meats, known as siu mei... https://www.scmp.com/business/money/spending/article/3042497/restaurant-chain-li-bao-ge-joins-forces-freshippo-tap?utm_source=rss_feed https://www.scmp.com/business/money/spending/article/3042497/restaurant-chain-li-bao-ge-joins-forces-freshippo-tap?utm_source=rss_feed Tue, 17 Dec 2019 23:00:16 +0000 Luxury property prices in Hong Kong will decline by up to 20 per cent next year after falling 4.7 per cent in this year, as Beijing continues to maintain capital controls and China’s economy feels the impact from the US-China trade war, according to international property consultancy JLL. “The economic slowdown in mainland China and Hong Kong will dampen housing demand, particularly in the luxury residential market that relies on demand from China,” said Joseph Tsang, chairman of JLL in Hong... https://www.scmp.com/business/money/wealth/article/3041888/hong-kongs-luxury-homes-see-price-declines-20-cent-next-year?utm_source=rss_feed https://www.scmp.com/business/money/wealth/article/3041888/hong-kongs-luxury-homes-see-price-declines-20-cent-next-year?utm_source=rss_feed Fri, 13 Dec 2019 00:00:17 +0000 Rents for residential property in Hong Kong will continue to decline over the next few months as a weakening economy raises concerns over employment, market observers said. The average rent fell 1.6 per cent last month from a year earlier to HK$36 (US$4.6) per square foot – the lowest since May, according to data from Centaline Property Agency on Wednesday. Between August and November, rents fell by 5 per cent as the anti-government protests escalated and the city’s economy entered a technical... https://www.scmp.com/business/article/3041683/hong-kongs-recession-hit-economy-weighs-rents-fourth-consecutive-month?utm_source=rss_feed https://www.scmp.com/business/article/3041683/hong-kongs-recession-hit-economy-weighs-rents-fourth-consecutive-month?utm_source=rss_feed Thu, 12 Dec 2019 00:00:10 +0000 Confidence in Hong Kong’s property market weakened further in the fourth quarter, despite a spike in sales in November driven by price cuts and aggressive marketing, according to a survey by Citi Hong Kong. The investment bank’s survey found that 57 per cent of respondents were “very uninterested” in buying a property now, up from 49 per cent during the same period last year, and six percentage points higher than in the previous quarter. Almost half of the respondents, 46 per cent, believe... https://www.scmp.com/business/article/3041261/confidence-hong-kongs-property-market-falls-further-fourth-quarter-despite?utm_source=rss_feed https://www.scmp.com/business/article/3041261/confidence-hong-kongs-property-market-falls-further-fourth-quarter-despite?utm_source=rss_feed Mon, 09 Dec 2019 08:06:22 +0000 Hong Kong and China stocks extended gains Friday as investors bet that the US and China will agree on a partial deal in their 19-month trade war. The Hang Seng Index rose 1.1 per cent higher to 26,498.37, with gains by property developers as well as benchmark heavyweight Tencent, which climbed 1.7 per cent to HK$335. Meanwhile, the Shanghai Composite Index rose 0.4 per cent to 2912.01, climbing for a second straight day. Kweichow Moutai, the world’s most valuable liquor maker and one of the most... https://www.scmp.com/business/markets/article/3040959/hong-kong-china-stocks-extend-gains-growing-sentiment-washington?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040959/hong-kong-china-stocks-extend-gains-growing-sentiment-washington?utm_source=rss_feed Fri, 06 Dec 2019 09:05:04 +0000 Happy Friday, traders! Trade drove sentiment today, with Hong Kong and China stocks rising on optimism the US and China will strike a deal. Catch up on the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really help us make the blog better for you! Also, if you would like the Live Stocks Blog emailed to you each morning, click here.  -- Deb Price and Snow Xia in Hong Kong Note: Information in this blog is on an "as is"... https://www.scmp.com/business/markets/article/3040860/hang-seng-index-investors-cautious-us-china-trade-negotiations?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040860/hang-seng-index-investors-cautious-us-china-trade-negotiations?utm_source=rss_feed Fri, 06 Dec 2019 01:19:29 +0000 Hong Kong and China stocks rose Thursday on increased optimism the world’s two largest economies will agree on a phase-one trade deal, despite tensions over what Beijing sees as interference by the US in its domestic affairs. The Hang Seng Index rose 0.6 per cent to 26,217.04, with 45 of the 50 constituent members posting gains, including Chinese internet giant Tencent, which climbed 0.4 per cent to HK$330. Meanwhile, e-commerce giant Alibaba rose 1.8 per cent to HK$192.40, snapping a four-day... https://www.scmp.com/business/markets/article/3040779/hong-kong-china-stocks-rise-increased-optimism-partial-trade-deal?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040779/hong-kong-china-stocks-rise-increased-optimism-partial-trade-deal?utm_source=rss_feed Thu, 05 Dec 2019 09:10:45 +0000 Good day, traders -- Hong Kong and mainland stocks gained. Catch up on the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really help us make the blog better for you! Also, if you would like the Live Stocks Blog emailed to you each morning, click here.  -- Deb Price and Snow Xia in Hong Kong Note: Information in this blog is on an "as is" basis and not a solicitation or offer to buy or sell any securities or otherwise;... https://www.scmp.com/business/markets/article/3040679/hang-seng-index-set-rise-report-us-and-china-are-close-phase-one?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040679/hang-seng-index-set-rise-report-us-and-china-are-close-phase-one?utm_source=rss_feed Thu, 05 Dec 2019 01:16:56 +0000 Hong Kong stocks extended losses into a second session Wednesday, as US-China tensions grew over what Beijing sees as meddling in its internal affairs and President Donald Trump signalled a trade deal might not happen until after US elections next November. The Hang Seng Index lost 1.3 per cent to 26,062.56, with 48 of the 50 constituent stocks posting losses. China markets, driven largely by retail investors who are less focused on international catalysts, were mixed. The Shanghai Composite... https://www.scmp.com/business/money/markets-investing/article/3040600/hong-kong-stocks-fall-political-tensions-escalate?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/3040600/hong-kong-stocks-fall-political-tensions-escalate?utm_source=rss_feed Wed, 04 Dec 2019 09:25:30 +0000 Good day, traders -- Hong Kong stocks fell as US-China tensions grew over what Beijing sees as Washington interference in its domestic affairs. China markets were mixed. Catch up on the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really help us make the blog better for you! Also, if you would like the Live Stocks Blog emailed to you each morning, click here.  -- Deb Price and Snow Xia in Hong Kong Note: Information in... https://www.scmp.com/business/markets/article/3040469/hang-seng-index-faces-donald-trump-saying-us-china-trade-deal?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040469/hang-seng-index-faces-donald-trump-saying-us-china-trade-deal?utm_source=rss_feed Wed, 04 Dec 2019 01:19:36 +0000 Hong Kong stocks fell Tuesday, as traders worried that fresh threats out of China over what it sees as US interference in its domestic affairs may threaten high-stakes trade negotiations under way between the world’s two largest economies. The Hang Seng Index declined 0.2 per cent to 26,391.30, with early morning deeper losses largely recouped. Meanwhile, the Shanghai Composite Index closed at 2884.70, up 0.3 per cent, while the Shenzhen Component Index rose 0.6 per cent to 9,657.65. Official... https://www.scmp.com/business/markets/article/3040385/hong-kong-stock-market-sentiment-weighed-down-rising-tensions?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040385/hong-kong-stock-market-sentiment-weighed-down-rising-tensions?utm_source=rss_feed Tue, 03 Dec 2019 09:01:47 +0000 Good day, traders -- Hong Kong stocks slipped on growing concerns the trade deal may be delayed over US-China tensions. Meanwhile, China stocks gained. Check out the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really help us make the blog better for you! Also, if you would like the Live Stocks Blog emailed to you each morning, click here.  -- Deb Price and Snow Xia in Hong Kong Note: Information in this blog is on an... https://www.scmp.com/business/markets/article/3040306/hang-seng-index-weighs-chinas-measured-response-us-supporting-hong?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040306/hang-seng-index-weighs-chinas-measured-response-us-supporting-hong?utm_source=rss_feed Tue, 03 Dec 2019 01:19:08 +0000 Hong Kong and China stocks rose Monday, as official data showed the first increase in mainland manufacturing activity in six months and China property stocks rallied on strong home sales in November. The Hang Seng Index rose 0.4 per cent to 26,444.72. Meanwhile, e-commerce giant Alibaba posted its straight session of losses since it splashy debut last Tuesday. It fell 1.5 per cent to HK$195.50. (Alibaba is the owner of the South China Morning Post.) China’s three major stock indexes closed... https://www.scmp.com/business/markets/article/3040219/hong-kong-china-stocks-get-boost-upbeat-mainland-manufacturing?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040219/hong-kong-china-stocks-get-boost-upbeat-mainland-manufacturing?utm_source=rss_feed Mon, 02 Dec 2019 08:59:58 +0000 Welcome to a fresh month, traders. Hong Kong and mainland stocks gained on data showing mainland manufacturing activity increased. Catch up on the day's action below.  Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really help us make the blog better for you! Also, if you would like the Live Stocks Blog emailed to you each morning, click here.  -- Deb Price and Snow Xia in Hong Kong Note: Information in this blog is on an "as is" basis and... https://www.scmp.com/business/markets/article/3040145/hong-kong-stocks-china-data-shows-increase-manufacturing-activity?utm_source=rss_feed https://www.scmp.com/business/markets/article/3040145/hong-kong-stocks-china-data-shows-increase-manufacturing-activity?utm_source=rss_feed Mon, 02 Dec 2019 01:20:10 +0000 Kr Space is shutting down its last co-working facility in Hong Kong, ending its ill-fated expansion in the city. The Chinese company, a spin-off of technology platform 36kr.com, confirmed that it had decided to close its 34,000 square feet flexible office centre spread over two floors in Times Square, in the protest-hit district of Causeway Bay, just over a half a year after opening in April. “Despite our efforts, Causeway Bay centre’s business did not meet our targets of freeing up cash flow... https://www.scmp.com/business/companies/article/3039934/chinese-co-working-operator-kr-space-gives-times-square-facility?utm_source=rss_feed https://www.scmp.com/business/companies/article/3039934/chinese-co-working-operator-kr-space-gives-times-square-facility?utm_source=rss_feed Fri, 29 Nov 2019 08:03:38 +0000 Mainland Chinese university students fleeing Hong Kong amid the ongoing anti-government protests are forfeiting huge deposits in the process. Students from the mainland make up the bulk of the universities’ non-local contingent. In the 2016-17 academic year, 12,037 mainland students were enrolled at eight universities in Hong Kong, twice the number a decade ago, according to the Hong Kong government’s Audit Department. And as semesters end early across the city, these students, worried about... https://www.scmp.com/business/article/3039281/hurry-leave-hong-kong-mainland-chinese-university-students-forego-large?utm_source=rss_feed https://www.scmp.com/business/article/3039281/hurry-leave-hong-kong-mainland-chinese-university-students-forego-large?utm_source=rss_feed Tue, 26 Nov 2019 04:30:14 +0000