Date
29 November 2014

Greater China

  • China has overtaken Japan as the world’s second-biggest stock market for the first time in more than three years, Bloomberg News reported. Market capitalization in mainland China stood at US$4.48 trillion as of close Thursday after...
  • Walmart is shedding about 30 mid-level managers as its continues to revamp its China business, the Financial Times reported, citing a company executive. Last year, the retail giant said it would close about 20 stores in...
  • China is moving closer to a long-anticipated deposit insurance system that would inject greater risk into the banking sector and spur banks to freely compete for depositors. The scheme is expected to go into effect as...

World

Business

  • Chinese investors have been pumping up property prices all over the world. In Hong Kong, the influx of mainland capital has forced the government to double the stamp duty on most residential properties to cool the...
  • Ricky Wong’s Hong Kong Television Network (HKTV) had an average of 563,000 daily viewers in its first week of broadcast, placing it second to industry leader Television Broadcasts Limited (TVB). On average, 358,000 people watched HKTV’s...
  • French train maker Alstom admits that is facing growing competitive pressure, especially in emerging markets, following the merger of Chinese rivals CNR Corp and CSR Corp. Yves Mouillet, the Asia Pacific director of Alstom’s international network...

Real Insight

  • Five years into incorporating traditional Chinese medicine (TCM) into Hong Kong’s medical system, only 3.9 percent of the population preferred TCM when they experienced medical problems, according to a survey published in the Journal of Alternative...
  • Two schools of thought tend to dominate today’s economic debates. According to free-market economists, governments should cut taxes, reduce regulations, reform labor laws, and then get out of the way to let consumers consume and producers...
  • The drag on e-cigarettes

    Nov 27, 2014 9:02am
    Michael Russell and Murray Jarvik, two pioneers of smoking-cessation research in the 1970s, would probably have welcomed the development of the electronic cigarette or “personal nicotine vaporizer” (PNV). Beyond serving as a temporary aid for people...

Hong Kong

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