Date
30 April 2017

Business

  • The OHKF is calling for reclamation on the south of Cheung Chau (inset) to create artificial islands for the relocation of the existing container port in Kwai Chung. Photos: HKEJ, CNSA

    Think tank urges reclamation to relocate container port

    Apr 28, 2017 2:12pm
    A think tank chaired by Hong Kong’s first chief executive Tung Chee-hwa urged the government to resume reclamation to boost land supply. In a newly published report, the Our Hong Kong Foundation (OHKF) said the average waiting...
  • The strategy of selling in May works, although the total return is lower than in the buy-and-hold approach. Photo: Bloomberg

    Does ‘sell in May’ strategy work in Hong Kong market?

    - Apr 28, 2017 12:22pm
    As May is approaching, we are reminded of the old trading adage: “Sell in May and go away.” Is there any substance to this theory? Does it work if applied to Hong Kong equities? Let’s find...
  • Value Partners, through Brilliant Star Capital, disposed of its stake in microlending business Vision Credit for a marginal gain after six years of investment. Photo: Visioncredit.com

    Why Value Partners failed to ride China’s microlending boom

    - Apr 28, 2017 10:38am
    Value Partners Group (00806.HK) said it will sell its investment holding unit Brilliant Star Capital to Mastermind Capital (00605.HK) for HK$316.5 million (US$40.68 million). The venture’s core asset is Vision Credit, a microlending business. The company...
  • Chinese ride-hailing giant Didi Chuxing is reportedly now being valued at more than US$50 billion. Photo: Bloomberg

    Didi said to seek new funding at over US$50 bln valuation

    Apr 28, 2017 8:51am
    Ride-hailing services firm Didi Chuxing has embarked on a new fund-raising round that would value the firm at more than US$50 billion, making it China’s second-most valuable privately owned company, according to Reuters. Didi is seeking...
  • In lieu of restructuring, Samsung is paying its first-ever quarterly dividend and canceling tens of billions of dollars in treasury shares. Photo: Bloomberg

    Samsung rebuffs activist investor over restructuring

    Apr 28, 2017 8:17am
    Samsung Electronics Co. turned down activist investor Paul Elliott Singer’s push for a corporate restructuring, offering instead to reward shareholders by paying its first-ever quarterly dividend and canceling tens of billions of dollars in treasury shares...
  • ASEAN as a group is now Hong Kong's second largest trading partner. Photo: Reuters

    Why Singapore doesn’t want to see a HK-ASEAN free-trade deal

    - Apr 27, 2017 9:39am
    Following the handover by Britain in 1997, Hong Kong has been seeking free-trade agreements (FTAs) with various countries and regions. However, progress has been sluggish over the years, As of now, the city has inked FTAs...
  • Tencent, led by its CEO Pony Ma, is expanding its cloud computing services by setting up overseas data centers. Photo: Bloomberg

    Tencent opens its first US data center

    Apr 27, 2017 8:45am
    China’s Tencent Holdings opened its first data center in Silicon Valley this week, expanding cloud-computing services into the United States, the Wall Street Journal reports. With the move, Tencent became the second Chinese firm after Alibaba...
  • Ajit Pai says he will not  not seek to finalize a reversal of the rules until the FCC takes public comment. Photo: Reuters

    US regulator to propose reversing ‘net neutrality’ rules

    Apr 27, 2017 8:16am
    The head of the US Federal Communications Commission is proposing to overturn the landmark 2015 Obama-era net neutrality rules that prohibit broadband providers from giving or selling access to certain internet services over others, Reuters reports....
  • Premier Li Keqiang last week unveiled a new round of tax cuts worth 380 billion yuan. Photo: Reuters

    China tax cuts to inject new energy into equity markets

    - Apr 26, 2017 5:20pm
    Hong Kong’s stock market regained its momentum last week after consolidating for a while in mid-April. Was the strong performance spurred by investor relief over the results of the first round of the French presidential election,...
  • Li Ruigang, “China's Murdoch”, made a winning bid of 8 billion yuan for the media rights of CSL for five years. Photo: Reuters

    China offers huge arena for sports media rights

    - Apr 26, 2017 3:31pm
    China’s recent investments in sports have intensified the competition for broadcasting rights, transforming games on dull, muddy pitches into a heart-stopping media war where billions of yuan are at stake. China Super League: from off-line to...
  • All eyes will be on a commercial site in Murray Road in Central where the tender price is expected to hit a record high of at least HK$18.6 billion, according to street estimates. Photo: Bloomberg

    Great Leap Forward movement for Chinese developers

    - Apr 26, 2017 2:20pm
    Fifty years ago, Chairman Mao Zedong talked about his grand vision to surpass Great Britain and catch up with the United States in steel production in 15 years. The so-called Great Leap Forward that aimed to...
  • Chinese billionaire Zong Qinghou blames technological advances such as e-commerce and artificial intelligence for bringing chaos to the real economy. Photo: People.china.com

    Why China’s beverage tycoon is blasting the internet giants

    - Apr 26, 2017 12:16pm
    The internet economy led by Baidu, Alibaba and Tencent is thriving and getting a lot of attention. However, Chinese billionaire Zong Qinghou, who is the founder, chairman and CEO of Hangzhou Wahaha Group, believes the internet...
  • Google is taking additional steps to curb the spread of misinformation online. Photo: Bloomberg

    Google takes aim at fake news, misleading search results

    Apr 26, 2017 8:40am
    Google is retooling its powerful search engine to prevent sites peddling fake news, hoaxes and conspiracy theories from appearing in its top results, the Wall Street Journal reports. Ensuring that fake news doesn’t surface in search...
  • A future Uber Elevate networks facility is pictured in this handout illustration. Uber is planning to deploy flying taxis in Texas and Dubai by 2020. Photo: Reuters

    Uber looks to skies with flying taxis by 2020

    Apr 26, 2017 8:17am
    Uber Technologies Inc. is aiming for the skies with its flying taxis, Reuters reports. After upending the taxi market with its ride-hailing service, the company expects to deploy its flying taxis in Dallas-Fort Worth, Texas, and...
  • The impact of the Stock Connect program on Hong Kong equities is just beginning to be felt. Photo: Bloomberg

    HK equities: Go for mid-cap industry leaders

    - Apr 25, 2017 5:16pm
    I made a trip to a Chinese manufacturer recently. Interestingly, the mid-cap company has attracted more than 40 fund managers, 80 percent of which are from mainland China. Some might think the Stock Connect program with...
  • The practice in the US home mortgage industry is now vastly different, reflecting the much tighter regulation government introduced after the housing crisis. Photo: Bloomberg

    Pre-crash cheer returns to US housing market – with a difference

    - Apr 25, 2017 4:27pm
    A decade after the US housing market collapse, the median home price in the country has climbed back to the pre-crash level in 2007. While the positive mood looks worryingly familiar, the practice in the home...
  • Availability of much cheaper online offerings has cut the profit margin of the shoe retailing business in China, hurting the bottom line of industry leaders like Belle. Photo: Gouwu

    How Belle suffers in online shopping era

    - Apr 25, 2017 2:15pm
    Once valued at more than HK$150 billion (US$19.28 billion), Chinese footwear retailer Belle International (01880.HK) has seen more than two-thirds of its market value vanish over the past few years. It’s reported that China private equity...
  • Amazon could use autonomous vehicles including trucks, forklifts and drones to move goods. Photo: Reuters

    Amazon pushes driverless technology

    Apr 25, 2017 8:49am
    Amazon.com Inc. has created a team focused on driverless-vehicle technology to help navigate the retail giant’s role in the shake-up of transportation,  the Wall Street Journal reports, citing people briefed on the matter,. Amazon quietly formed...
  • Chow Tai Fook is gaining control of Alinta Energy, an Australian utility with about 800,000 electricity and gas customers. Photo: Bloomberg

    Australia approves Chow Tai Fook’s takeover of Alinta Energy

    Apr 25, 2017 8:44am
    Hong Kong’s Chow Tai Fook Enterprises Ltd. has won Australian government approval for its proposed takeover of Perth-based gas-and-electricity provider Alinta Energy Ltd. The deal was approved with strict conditions, a spokeswoman for Australian Treasurer Scott...
  • China's proposal is unlikely to get the required unanimous support of the 164 WTO members including the United States. Photo: Reuters

    China wants revamp of dumping rules

    Apr 25, 2017 8:29am
    China is proposing tighter rules on when countries can impose anti-dumping and anti-subsidy tariffs, saying their use was rising and that such charges were often misused and distorted international trade, Reuters reports. In a filing published...

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