South China Morning Post Tag

05 Jan For Hong Kong designer Nelson Chow, a disciplined approach drives both his career and financial success

Posted at 04:00h in Asia

For Hong Kong designer Nelson Chow, a disciplined approach drives both his career and financial successReal estate, vintage watches, artworks and sculptures – these are among the items that architect and interior designer Nelson Chow would buy if given HK$8 million (about US$1 million) to...

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04 Jan Hong Kong halts residential, commercial plot sales in last quarter amid poor response, weak sentiment

Posted at 11:40h in Asia

The government will not be rolling out any commercial sites for sale either because of high vacancy rates, she added.Only one plot, an industrial site in Yuen Long, will be put up for tender, Linn said. The 3.2 hectare site has been earmarked for the...

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04 Jan China’s LGFVs must repay a record US$651 billion of bonds in 2024

Posted at 05:23h in Asia

China’s local government financing vehicles (LGFV) need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their debt and avoid default.The nation’s LGFVs — the companies that borrow on behalf...

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04 Jan Short sellers target BYD, the world’s top EV maker, as rivalry intensifies

Posted at 04:58h in Asia

Bearish bets against Chinese electric vehicle maker BYD have surged to the highest since September, reflecting worries that sales growth may slow as competition intensifies.Short interest on the shares accounted for about 5.5 per cent of the stock’s free float in Hong Kong as...

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03 Jan China’s largest bubble tea makers Mixue and Guming apply for Hong Kong IPO

Posted at 10:54h in Asia

China’s leading bubble tea makers including Mixue Bingcheng and Guming are rushing to apply for first-time share sales in Hong Kong as companies in the fast-growing sector expand aggressively amid fierce competition.Mixue Group and Guming Holdings, China’s largest and second-largest freshly-made bubble tea chains by...

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03 Jan Cash-starved Chinese property group Dalian Wanda sells Shanghai luxury hotel to Indonesian billionaire

Posted at 10:30h in Asia

The cash-strapped Dalian Wanda Group, a major Chinese conglomerate and the country’s largest shopping mall operator, has sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto as it looks to overcome a liquidity crisis.The 193-room luxury hotel, opened in...

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03 Jan Why remote skilled workers around the world can solve global talent shortage problem

Posted at 04:00h in Asia

This report comes after almost three-quarters of Hong Kong’s employers – 74 per cent – said in April that they were struggling with talent shortages, with 61 per cent having faced the problem for up to three years, according to a poll of 196 employers...

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03 Jan From Olympic glory to entrepreneurial success

Posted at 02:51h in Asia

"As an entrepreneur, having dreams, a forward-looking mindset, and the courage to take responsibility are essential. We must also be determined to pursue our dreams and invest in them," he says.    "In my case, I'm driven by a vision to establish Viva Goods as...

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02 Jan HSBC takes on Revolut, Wise with new forex app for non-customers

Posted at 07:57h in Asia

HSBC Holdings is set to debut an international payments app aimed at directly challenging the dominance of fintechs like Revolut and Wise that have gathered tens of millions of retail customers by offering cheap foreign exchange.Zing will initially be offered in the UK, but Europe’s...

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