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Peggy Sito
Business Editor
Peggy Sito, the South China Morning Post’s Business Editor, started as a business reporter. Prior to the position of Business Editor, she had been the Post’s Deputy Business Editor since 2016. Over the years, she won various news awards from Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.
Bridgewater Associates’ co-CIO Bob Prince paid HK$95 million for a three-bedroom home at St. George’s Mansion in Ho Man Tin.
The Tracker Fund has mirrored the Hang Seng Index’s returns since inception, giving investors an indirect bet on a basket of benchmark stocks.
Lui, the chairman of the K. Wah Group of companies, died peacefully on November 7, according to filings to the Hong Kong stock exchange by his companies.
Cheng, born in 1979, will become the non-executive vice-chairman of New World, giving up his title of chief executive officer, sources say.
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Felix Chong, director of the box-office hit The Goldfinger, shares his views about the Carrian fraud case from the 1980s and suggests why Hongkongers continue to fall prey to bigger scams.
The companies are involved in different types of technology, underscoring the broad spectrum of industries and technological verticals that the HKSTP is nurturing among the 1,700 start-ups at its sprawling park.
In the first of a four-part series, Peggy Sito and Yujie Xue look at the competitive edge of different countries and regions in the green hydrogen industry.
The owners of Hong Kong bus operator Citybus have set their sights on supplying hydrogen buses to the Middle East after launching the city’s first zero-emission bus.
After demand for masks slumped, Innotier diversified into making products aimed at customers concerned about hygiene in the post-Covid-19 era, founder Juliana Lam says.
The mixed-use project, close to Fanling and Sheung Shui, will include a residential component with some 2,000 flats. It will cover 150,000 sq ft and will have a total buildable floor area of over 1 million sq ft.
The autonomous driving start-up plans to launch the L4-capable FlashBot in Shanghai this year, followed by other tier-one mainland cities. It is also seeking tie-ups in Hong Kong, Europe and North America.
Mainland China investors will gain access to Hong Kong’s Reits via an expanded mutual market access scheme in a move which will deepen the market, enhance its liquidity and attract international issuers, analysts say.
The Macau casino operator announced better-than-expected first-quarter earnings and has set its sights on maintaining its highest ever share of the mass market gaming segment.
The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.
‘There is an increasing demand for diversification from domestic Chinese customers,’ says Joseph Pinto, CEO of London-based money manager M&G Investments.
Laura Cha worked hard to elevate Hong Kong’s prominence on the international stage since she became the first and only female chairman of HKEX in 2018. As her tenure draws to a close, she believes that aim is no less important today.
Companies in Saudi Arabis and Indonesia have shown a genuine interest in Hong Kong’s IPO market, Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing, says at a Legislative Council meeting on Monday.
An impromptu stopover in Qatar for a university lecture led to a surprising ‘perpetual contact’ for Hongkonger Jack Lau to spearhead the state’s drive into new cutting-edge science and technology.
Li and Fok will stay on as co-executive directors, while Fok will serve as deputy chairman and chairman of its telecoms arm.
‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.
US banking giant Bank of America plans to relinquish a big chunk of prime office space in Hong Kong as part of cost-saving measures, delivering a blow to the office segment.
Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.
Fosun Pharma will team up with Shenzhen’s government to raise a 5-billion yuan (US$700 million) healthcare fund to invest in start-ups and innovations in cellular biology, genetics and other fields related to biomedicine.
The number of events in the second half of 2023 hit 84 per cent of the pre-pandemic level and is on track to match it this year, top executive says.
The removal of property curbs in the Hong Kong government’s budget announcement last week has generated a very encouraging response in the housing market.
New World Development has agreed to sell its shopping centre and parking spaces in Tsuen Wan to Chinachem Group for US$510 million, speeding up asset sales to trim its financing costs.
Development chief Bernadette Linn rolls out land sale programme for coming financial year, with eight residential sites estimated to provide 5,690 private flats.
Hong Kong’s grade A office rents will decline by another 5 per cent this year, as demand from mainland China-based companies has yet to return to pre-pandemic levels and vacancy rates remain high due to new completions, analysts said.
China’s next big impending change in the financial market is letting more foreign institutional investors into its onshore repo market.
China’s latest act is to invite more foreign players to its US$232 trillion onshore repo market. As a precursor, Hong Kong will treat Chinese government bonds and policy bank bonds as eligible collateral in its yuan liquidity facility.
