27 March 2017

Ko Tin-yau

Hong Kong Economic Journal columnist
  • An increasing number of Chinese consumers are getting used to making online payment for goods and services. Photo: Wechat

    Why China’s tech titans temper their fintech ambitions

    - Mar 27, 2017 8:57am
    China is at the forefront of the booming global fintech industry. While tech behemoths like Alibaba and Tencent seem to be conquering one area after another, they both hinted at scaling down their fintech development all...
  • The Rockefeller family sold 14 buildings of its Rockefeller Center, bought them back and then sold them again to take advantage of huge swings in market prices. Photo: Fordos

    How the Rockefeller family adapts to the changing times

    - Mar 24, 2017 11:06am
    John D. Rockefeller, the patriarch of the Rockefeller family and America’s first billionaire, founded Standard Oil in 1870. It was the largest oil refinery in the weed of its time. As one of the world’s first...
  • With wealth and control already smoothly passed to the sixth generation, the death of David Rockefeller  won’t affect the continued prosperity of one of history’s most fabled families. Photo: Reuters

    What local billionaires can learn from the Rockefeller family

    - Mar 23, 2017 10:20am
    David Rockefeller, the grandson of the family patriarch and America’s first billionaire John D. Rockefeller, died on Monday at 101. He had gone through two world wars and and ridden numerous business cycles. However, his death...
  • Despite mounting speculative interest, beauty-enhancing selfie app developer Meitu has not figured out a way to turn its huge user base into solid revenue and profit. Photo: Bloomberg

    What’s behind Meitu’s huge rally?

    - Mar 22, 2017 11:02am
    Meitu (01357.HK) experienced a roller coaster ride Monday, surging above 30 percent to more than HK$23 at a point before closing with an 11 percent loss at HK$15.98, or a 40 percent swing within an hour...
  • A dozen Chinese cities unveiled fresh property curbs over the weekend targeted particularly at buyers with at least one property.  Photo: CNSA

    More home curbs could be on the way in China

    - Mar 21, 2017 11:08am
    Over the past month or so, home prices in a number of major Chinese cities have surged 30 percent. The buying frenzy started right after the Lunar New Year holiday and is quickly spreading from Beijing...
  • Through a combination of inventory de-stocking, stimulation of private consumption and more infrastructure spending, China managed to reverse the economic downturn last year. Photo: Reuters

    China macro outlook improving

    - Mar 20, 2017 11:07am
    China is aiming to expand its economy by about 6.5 percent in 2017 compared with the goal of 6.5 to 7 percent last year. But it is noteworthy that the target refers to real gross domestic...
  • The limit of land lease for residential use in China is typically set at 70 years, and the first batch of land use rights will expire in 2060. Photo: Bloomberg

    Premier Li settles land lease concerns; HK still seeks clarity

    - Mar 17, 2017 12:18pm
    Chinese Premier Li Keqiang said the government is amending laws to extend the land use rights of residential properties “unconditionally and automatically” when they reach the end of the 70-year lease. Under existing laws, all land is collectively...
  • AIA Group chief executive Mark Tucker (second from right) is seen at Tottenham Hotspur's sponsorship announcement. The 16 million-pound deal, the lowest among the top six Premier League clubs, is a bargain for AIA. Photo: Tottenham Hotspur

    Soccer fan Mark Tucker to lead HSBC

    - Mar 15, 2017 5:41pm
    Mark Tucker, the chief executive of Hong Kong-based insurer AIA, will become the first outsider to serve as chairman of HSBC Holdings. Tucker started his career as a professional footballer, making appearances for Wolverhampton Wanderers, Rochdale...
  • The central government has reportedly ordered party chiefs in several "hot" cities to curb housing prices, or face the risk of being replaced. Photo: Bloomberg

    China may unveil new measures to cool surging home prices

    - Mar 14, 2017 5:33pm
    Mainland property stocks have surged nearly 50 percent since the start of the year, far outperforming other sectors.  China’s housing market has regained its momentum since the Lunar New Year holiday; housing prices have surged more...
  • China Hongqiao says it has overtaken Russia's RUSAL as the world’s largest aluminum producer. Photo: Bloomberg

    China Hongqiao fights back short-seller via southbound trading

    - Mar 13, 2017 4:59pm
    The stock trading link with Shanghai and Shenzhen has brought tremendous benefits to the Hong Kong stock market. China Hongqiao Group Ltd. (01378.HK), for example, has defeated a short-seller as capital flowed from southbound cross-border stock...
  • Japan has posted four straight quarters of GDP growth. "Abenomics" appears to be working. Photo: Bloomberg

    Japan’s brightening outlook likely to win Abe another term

    - Mar 10, 2017 6:13pm
    Japan has posted four straight quarters of GDP growth six years after the devastating earthquake and tsunami of March 2011. The government has turned deflation into inflation, and corporate earnings are improving. There are also signs...
  • The surging demand for ejiao, which is derived from the skin of donkeys, could lead to a drastic fall in the animal's population. Photo: Donkey Sanctuary

    Ejiao good for ladies but spells doom for donkeys

    - Mar 9, 2017 5:34pm
    Ejiao, a kind of gelatin obtained from donkey’s skin, is one of the most popular gifts for Chinese women celebrating International Women’s Day, or Queen Day in China. It is a traditional Chinese health care product...
  • Standard quality and modern store design were some of the key draws of Starbucks as it competed with traditional coffee shops in France. Photo: Starbucks

    Can Starbucks brew success in Italy?

    - Mar 9, 2017 12:12pm
    Forty-six years after its founding, US coffee chain Starbucks has finally decided to set up shop in Italy, the birthplace of the espresso. The move assumes special significance as Starbucks’ chairman, Howard Schultz, has said in the...
  • All three mainland carriers are actively pursuing Narrowband IoT which could become commercially viable in three years. Photo:

    Narrowband IoT: New hope for China’s telecom giants

    - Mar 8, 2017 12:27pm
    Some Chinese customers still have to pay roaming charges when they make calls to another province or city in the mainland. Premier Li Keqiang announced during the Two Sessions that such charges will be removed from...
  • Limited supply, ample liquidity and stable economic growth are expected to keep any housing price pullback limited. Photo: HKEJ

    Why home prices just won’t fall

    - Mar 7, 2017 10:45am
    Several months ago, most believed housing prices would fall this year. However, an increasing number of people have changed their views recently, including Shih Wing-ching, founder of Centaline Property Agency. Instead of forecasting a drop of...
  • SF Holdings founder Wang Wei (right) gave out generous bonuses to staff to celebrate the company's listing. Photo: Jianshu

    What’s the secret behind SF Holding’s share surge?

    - Mar 6, 2017 11:50am
    Shares of China’s leading express delivery firm SF Holding (002352.CN) surged after its backdoor listing last month, catapulting its founder Wang Wei to number two spot on the country’s rich list. While there is no doubt...
  • Surpassed by numerous younger local brands in design and features, Hongqi managed to sell only 4,800 luxury sedans last year. Photo:

    Can China’s ‘Red Flag’ limo lift its flagging sales?

    - Mar 3, 2017 2:07pm
    Last year, several Chinese home-grown auto brands achieved record sales. For example, FAW Car Company (00800.CN), Great Wall Motor (02333.CN) and Geely Automobile Holdings (00175.CN) reported car sales of 1.31 million, 1.07 million and 760,000 units...
  • Warren Buffett has tweaked his investment approach in keeping with the times, paving the way for some new high-profile stock bets. Photo: Reuters

    How Buffett adopted the Scuttlebutt Method for new stock picks

    - Mar 2, 2017 12:47pm
    Warren Buffett has always been good at finding investment opportunities from everyday life. This explains the tycoon’s investments in firms such as Coca-Cola, Heinz and Wells Fargo in the past. That said, the legendary US billionaire...
  • Xian Yan, who controls Guangxi Future Technology, has been fined 3.4 billion yuan and barred from the securities market for life for suspected malpractices. Photo: Caixin

    CSRC again shows its heavy-handed approach

    - Mar 1, 2017 2:25pm
    The heavy penalty imposed on Xian Yan, a senior executive of Shenzhen-listed Guangxi Future Technology (600556.CN), serves as further proof of the extremely tough stance of Liu Shiyu, the head of China’s securities watchdog, toward those...
  • As numerous stock exchanges are competing for IPO business from China tech firms, China’s securities watchdog is said to be mulling a shortcut to keep them in the domestic market. Photo: Reuters

    China mulling shortcut to help tech firms list at home

    - Feb 28, 2017 10:18am
    The China Securities Regulatory Commission (CSRC) is reportedly considering a shortcut to allow the largest technology firms — Alibaba Group’s Ant Financial, Zhong An Online Property and Casualty Insurance and security software maker Qihoo 360 Technology...

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