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Posts From South China Morning Post

First-half net profit at sourcing giant Li & Fung beats analysts’ forecasts

Li & Fung, the Hong Kong sourcing company that supplies clothes and toys to overseas retailers including Wal-Mart, reported a better-than-expected profit decline in the first half, thanks to reduced

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Chinese hospital outbids Vanke to secure most expensive land in Shanxi’s capital city

In a rare move, a local government backed hospital outbid mainland property giant China Vanke to purchase the most expensive residential land ever sold in Taiyuan, the capital of Shanxi

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Asia fintech deals near US$10b amid mega funding in China

Massive deals in mainland China have lifted overall financial technology (fintech) investments in Asia-Pacific to a record-high US$9.623 billion in the past seven months, eclipsing the size of transactions in

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Hong Kong sets price range of HK$15,080 to HK$18,418 psf on One Kai Tak apartments

China Overseas Land & Investment said it will sell the One Kai Tak apartments in Hong Kong’s former airport at a price range of HK$15,080 to HK$18,418 per square foot,

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China’s Big 4 banks may post a bad interim from this week, as bad loans rise amid a slower economy

China’s four biggest banks are likely to report a bad interim when they post their financial results for the six months ended June starting this week, as rising bad loans

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Galaxy beats profit estimates as Macau shifts away from just high-rollers

Billionaire tycoon Lui Che-woo’s Macau casino operator Galaxy Entertainment

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Currencies flat ahead of key speech by US Fed chair

The Chinese yuan and other major currencies traded within a narrow range on Thursday morning, with markets generally holding back for any hints of possible US interest rate movements from

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HK’s political instability will inevitably be bad for business

The head of a global bank asked me recently if I thought Hong Kong was becoming an increasingly unstable society and unsure business environment, because of growing protests and public

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China fund inflows hit one-year high despite sluggish growth

Despite muted interim earnings from Chinese companies, the China and Hong Kong stock markets recently recorded the largest fund inflows in more than a year, helped by the global “search

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HK, China markets down, braced for poor bank earnings and possible rise in US interest rates

The Hong Kong and China markets opened lower on Thursday, amid continued fears of a US interest rate rise, and ahead of the mainland’s biggest banks reporting what are expected

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