Post Tagged with: "business"

Record high sales at Chinese developer Vanke, which unveiled ?to survive? slogan, in 2018

Record high sales at Chinese developer Vanke, which unveiled ?to survive? slogan, in 2018

China Vanke, mainland China?s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion yuan, […]

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100?s surge topped […]

Can China walk out of economic difficulties by relying on its old playbook of debt?

Can China walk out of economic difficulties by relying on its old playbook of debt?

China is banking on a new wave of debt-fuelled infrastructure spending to arrest a deepening economic slowdown, but the surge in local government debt may complicate Beijing?s long-term efforts of reining in financial risks in its economy. In an unusual move last week, China?s National People?s Congress Standing Committee authorised […]

Sino Land?s first sale of year gets off to slow start as Hong Kong developer feels backlash after slashing agents? fees

Sino Land?s first sale of year gets off to slow start as Hong Kong developer feels backlash after slashing agents? fees

Hong Kong developer Sino Land?s first property sale of 2019 got off to a lacklustre start, after a dispute with sales agents over commission sapped their motivation amid a market downturn. The developer had sold just 39 of 118 of its Grand Central flats on offer, priced between HK$9 million […]

Hong Kong companies need action, not talk, on diversity

Hong Kong companies need action, not talk, on diversity

Hong Kong competes on its reputation as a well but lightly regulated market. This philosophy is reflected in the Hong Kong stock exchange?s listing rules, which lay out a world-class standard of corporate governance but interpreted in a light-touch manner. Regulators try to avoid adding onerous requirements to compliance standards, […]