Issue: November 08, 2010   (Archive)
Tuesday, July 7, 2015   

Hongkongers are retirement risk-takers
Affluent Hongkongers are more daring when investing for their retirement than their Singapore peers, though living in the SAR is cheaper than in the city-state, an insurer's survey has revealed.

Vanke plans share buyback
China Vanke (2202), the country's largest developer, said it plans to repurchase up to 10 billion yuan (HK$12.49 billion) worth of A shares to protect investor interests after the market plunged 30 percent since mid- June.

Rough rides for two firms on debut day
Two more listings ended below their offer price yesterday on the first day of trading, with Guolian Securities (1456) notably plunging 31.1 percent.

China names preferred head of AIIB
Beijing yesterday named a former vice minister of finance as its preferred candidate to head the China-led Asian Infrastructure Investment Bank, a potential rival to the Washington-based World Bank.

Warning for Beijing as policy moves bear fruit
China's economy is showing some positive changes as recent government measures gradually gain traction, but policymakers cannot lower their guard against headwinds crimping growth, the National Bureau of Statistics said yesterday.

Henderson mall fetches top rents
Henderson Land Development (0012) mall Kolour Yuen Long, previously known as Citimall, is nearly fully leased at rents about 35 percent higher than before refurbishment, chairman Lee Shau-kee's granddaugther Kristine Li Keng-yan said yesterday.

Mainland developers post first-half sales growth
Mainland-based Evergrande Real Estate Group (3333) has outperformed competitors with double-digit growth in both contracted sales and contracted sales area in the first half.

Developers brush off market concerns
Property developers and agents shrugged off concerns yesterday that the sputtering Hong Kong and mainland stock markets are denting local home sales.

Local officials play white knight amid property woes
Dismayed by millions of unsold homes in China's troubled real estate market, mainland authorities are taking matters into their own hands: by buying some properties and turning them into public housing.

Greek debt problem unlikely to spread
Mainland authorities have stopped approving initial public offerings.

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