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  • Frederic Neumann

    Time to talk about the high income trap

    The middle income trap is a disease that has afflicted a number of developing economies over the years. After breakneck economic expansion, growth suddenly begins to stagnate when per capita income reaches a level the World Bank defines as midd

    May 24, 2015 01:00 pm JST
  • Chinese banks on the move

    Growth in offshore settlement forms 'trinity' with AIIB, yuan globalization

    HONG KONG -- Chinese banks are seeking a bigger presence in overseas settlement -- a strategy that makes financial sense but also dovetails with Beijing's aims of funding Asian infrastructure and internationalizing the yuan. State-owned Bank of

    May 23, 2015 01:36 am JST
  • New opening for share buyers

    China, Hong Kong agree on cross-sale of funds

    BANGKOK -- The securities regulators of mainland China and Hong Kong have agreed to allow the cross-border sale of investment funds registered in each market starting from July 1. The long-awaited agreement, announced on Friday, is expected to add

    May 22, 2015 09:46 pm JST
  • Madrid Ritz sale

    Mandarin Oriental buying Spain landmark

    HONG KONG -- Mandarin Oriental International on Friday announced that it is taking control of the Hotel Ritz, Madrid. The Hong Kong-based luxury hotel operator is carrying out the acquisition in partnership with Olayan Group, a Saudi investment cong

    May 22, 2015 02:48 pm JST
  • Hanergy Thin Film Power

    Shares of Chinese solar cell producer plunge 47%

    HONG KONG -- Shares of Hanergy Thin Film Power Group, a Chinese solar cell manufacturer, lost almost half their value in trading on the Hong Kong Stock Exchange on Wednesday. Trading was suspended after a little over an hour, upon request by t

    May 21, 2015 02:07 am JST
  • Hong Kong election bout: China vs. democracy

    HONG KONG -- This summer, Hong Kong's Legislative Council will vote on a Beijing initiative to change how it elects its top official from 2017. For pro-democracy lawmakers in the former British colony, this presents a stark choice: "universal suffra

    May 21, 2015 12:00 am JST
  • Chinese equities

    Shenzhen rally highlights growing role of small stocks

    HONG KONG -- The Shenzhen Stock Exchange has gained momentum lately, with its startup index setting new highs, in contrast to the larger and more top-heavy Shanghai Stock Exchange. The number of issues making up the Shenzhen Stock Exchange Compo

    May 20, 2015 10:06 pm JST
  • Hong Kong exchange

    Bourse aims to create commodities trading link with mainland China

    HONG KONG -- Hong Kong Exchanges and Clearing, owner of the London Metal Exchange, is seeking to create a commodities trading link with mainland China, CEO Charles Li said Wednesday. Speaking at the LME Asia Week 2015 conference in Hong Kong, Li

    May 20, 2015 07:10 pm JST
  • Nikkei Asia Prizes

    Dairy pioneer, scientist and musical troupe honored

    TOKYO -- A Vietnamese dairy queen, a Chinese scientist and a legendary Hong Kong orchestra have taken out this year's Nikkei Asia Prizes. The awards, now in their 20th year, are to honor those who are making a difference in the Asian region. Spe

    May 20, 2015 01:00 pm JST
  • More stations coming

    Hong Kong TV in for a shake-up

    HONG KONG -- Hong Kong television is about to enter a new era now that Asia Television, or ATV, is losing its free-to-air broadcast license. Citing poor management, the Hong Kong government announced April 1 that it will not renew ATV's license,

    May 20, 2015 01:00 pm JST
  • China stocks

    Shanghai International Airport gains on foreign confidence

    HONG KONG -- Shares of Shanghai International Airport soared 3.9% at one point Tuesday, after buy orders through the Hong Kong-Shanghai stock link were suspended in light of surging foreign ownership. The stock peaked at 28.88 yuan ($4.65) in th

    May 20, 2015 02:04 am JST
  • OECD ranking

    Better education could boost Indonesian economy by $24 trillion

    TOKYO -- What are the economic returns of a good education? In the case of Indonesia, about $24 trillion. That is how much the country's economy would expand if there were full participation in secondary school and every student attained basic m

    May 19, 2015 07:00 pm JST
  • Earnings downgrade

    Esprit Holdings warns of substantial net loss from weakness in China

    HONG KONG -- Global fashion retailer Esprit Holdings said late Monday that it will post a substantial loss for the year ending in June, citing poor sales in mainland China. Total revenue from its China business declined 21.6% on the year for the

    May 19, 2015 04:28 pm JST
  • Airline industry

    Cathay Pacific's passenger numbers up nearly 8% for April

    HONG KONG -- Hong Kong's flag carrier Cathay Pacific Airways saw its passengers increase 7.7% to 2.91 million in April from a year earlier, thanks to a spike in demand due to the Easter holidays at the beginning of the month, the company said Friday

    May 18, 2015 07:30 pm JST
  • Beginners entering market

    China investors snap up stock investment trusts

    HONG KONG -- Sales of investment trusts that invest in stocks of mainland Chinese companies are surging as the Shanghai Composite Index rises to nearly a seven-year high and the ChiNext and other indexes hit record highs on the Shenzhen market. Amid

    May 18, 2015 07:00 pm JST
  • Empire building

    Alibaba buys Hong Kong brokerage

    HONG KONG -- Alibaba Group, China's largest e-commerce company, is ramping up its presence in Hong Kong through corporate buyouts and capital tie-ups, with local brokerage Reorient Group becoming the latest addition. According to a Hong Kong Sto

    May 16, 2015 03:48 am JST
  • Hong Kong economy

    GDP growth slows to 2.1% in January-March on weak tourism

    HONG KONG -- The Hong Kong government said Friday that the region's gross domestic product in the first three months of 2015 expanded 2.1% in real terms from a year earlier, decelerating from the 2.4% growth in the previous quarter. Though domes

    May 15, 2015 11:22 pm JST
  • Eager to invest

    Japanese property brokers court willing Hong Kong buyers

    HONG KONG -- Japanese real estate brokers are busily courting the growing number of Hong Kong investors looking to tap Japan's property market. The weaker yen is making Japanese real estate more affordable for overseas investors. At the same tim

    May 15, 2015 07:00 pm JST
  • Chinese shipping

    Cosco Pacific to mull expansion at international ports

    HONG KONG -- Chinese container terminal operator Cosco Pacific said Thursday it will consider pursuing concession agreements for container terminals with port operators in Southeast Asia, the Middle East and Mediterranean region. The company aim

    May 15, 2015 06:38 pm JST
  • Tie-up talks

    Hutchison and VimpelCom weigh Italian mobile merger

    HONG KONG -- Hong Kong conglomerate Hutchison Whampoa and Russian telecommunications company VimpelCom are in negotiations to combine their Italian mobile subsidiaries. According to Hutchison's announcement Thursday, they are discussing the merg

    May 14, 2015 04:46 pm JST