Singapore’s OCBC seeks partner for China securities business

Oversea-Chinese Banking Corp. is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking

Corporate Bits | The Parisian Macao launches le french Gourmay

The Parisian Macao will celebrate the taste of France during Le French GourMay, an annual French food and wine festival taking place in Hong Kong and Macau throughout

Home price growth accelerates in credit comeback

New-home price growth in China snapped a four-month weakening streak, one of the first official signs there may be a widespread recovery in the nation’s housing market.

Chinese stocks rally most in weeks as banks, telecoms lead

China stocks rallied, after the central bank’s decision to inject cash into the financial system alleviated concerns that officials would hold back on stimulus. The CSI

Winner of USD1.2 million Tiger wager was first-time sports bettor

The man who won a record-setting USD1.2 million payout for betting that Tiger Woods would win the Masters golf tournament was a first-time sports bettor who

HNA unit’s lenders play hardball after default, may seize assets

A unit of HNA Group Co. defaulted on a loan it took out less than seven months ago, the latest in a string of missed payments that

Jack Ma draws controversy by lauding overtime work culture

Billionaire Jack Ma again encouraged tech workers to embrace the industry’s extreme-overtime culture, defying a growing social media backlash just days after he made the first

Corporate Bits | Melco resorts releases sustainability report

Melco Resorts & Entertainment has released its latest sustainability report for 2018, bringing together its social and environmental achievements and ambitions under a new strategy - “Above &

Heritage | The future of China’s growth glimpsed in historic town’s revamp

A USD300 million plan to turn a country town famous for fine porcelain into a major tourist destination gives clues as to how China’s new approach to stimulus

Corporate Bits | MGM to launch easter dining activities

This Easter, MGM Macau and MGM Cotai will hold an array of festive activities from brunch and afternoon teas to magician’s performances and egg-painting workshops. At MGM

Real Estate Matters | Generational real estate: are you planning for your family?

Sam Lee is a marketing manager and property consultant at JML Property.  JML was established in 1994 and offers Investment Property & Homes. It specializes in managing

Hong Kong | Tencent resists equity slump to trade near HKD400

After powering Hong Kong’s equity benchmark into a bull market, Tencent Holdings Ltd. stood out as the only bright spot in the city yesterday. The Internet

CLSA culture clash boils over as more top executives quit

The culture clash between CLSA Ltd.’s old guard and its Chinese owner may have reached a tipping point. At least four of the Hong Kong brokerage’s

Corporate Bits | Westlife to hold concert in July

Westlife is set to bring “Westlife The Twenty Tour in Macau” to The Venetian Macao’s Cotai Arena on July 27, 2019, Sands China Ltd. announced in a statement. The tour is

HNA sells historical homes in Hong Kong’s Peak

HNA Group Co.-linked parties sold a site with two historical homes in Hong Kong’s prestigious Peak area at a loss for HKD550 million (USD70 million), the Hong

Top metals bourse targets casinos, strip-club parties in cleanup bid

The organizer of the metals industry’s largest annual gathering is looking to outlaw sleazy parties at venues such as lapdancing clubs and casinos under a new

Wealthy Chinese still beating path to UK even with Brexit woes

Political gridlock and years of Brexit drama haven’t dampened demand from wealthy Chinese for U.K. investor visas. Chinese applications for Tier 1 investor visas rose

Tewoo said to sell copper at below-market rates

One of China’s top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the

Corporate Bits | MGM donates mop300,000 to charity project

MGM donated MOP300,000 to the Macau Holy House of Mercy’s Welfare Shop project, financing the distribution of food hampers to over 360 local disadvantaged households. Michelle

Europe isn’t Japan in the 1990s. You should still be worried

Europe’s sclerotic growth and political dysfunction inspire frequent comparisons with Japan’s lost decade from the mid-1990s. We’re not there yet. The region’s bout of misery

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