For a change, many of the world's richest men did not get any richer this year. Three of the top five – Microsoft’s Bill Gates, Berkshire Hathaway’s Warren Buffett and Mexican tycoon Carlos Slim – rec ...More
EJ Insight2015-12-30
Evergrande Real Estate Group has agreed to buy 20.4 billion yuan (US$3.2 billion) worth of property assets in China from firms controlled by Hong Kong tycoon Cheng Yu-tung. The deal includes a 60 perc ...More
EJ Insight2015-12-30
Fewer mainland shoppers are coming to Hong Kong for daily necessities following the protests against rampant smuggling and resultant tightening of travel rules for Shenzhen residents wishing to visit ...More
EJ Insight2015-12-29
A top jewelry retailer has waived a 2 percent commission on its products, ending a practice that has been in effect in the gold retail business for half a century. Chow Sang Sang Holdings Internationa ...More
EJ Insight2015-12-29
Luxury products continue to bear the brunt of an extended retail slump due to falling numbers of visitors to Hong Kong. Watches and jewelry are among the hardest hit. Their sales declined 17 percent i ...More
EJ Insight2015-12-15
A mall offering Hong Kong goods has opened at the Qianhai free-trade zone in Shenzhen, targeting mainland tourists who used to cross the border for shopping. Prices of goods at the CTF HOKO mall, run ...More
EJ Insight2015-12-08
The price-earnings ratio is a widely used metric for valuing stocks. At the moment, the stocks in the Hang Seng Index have an average P/E ratio of 9.7 times, compared with an average 12.8 times over ...More
EJ Insight2015-12-07
With just about five weeks to go before we bid goodbye to 2015, we can expect the usual flurry of predictions for the coming year. While the forecasts will draw much interest, it is also a good time t ...More
EJ Insight2015-11-28
When US luxury handbag maker Coach Inc. opened its four-story flagship store in the heart of Hong Kong’s Central district, it marked the occasion with a celebrity-studded, champagne-fueled party. Seve ...More
EJ Insight2015-10-28
China's appetite for diamonds has waned amid the country's slowing economy and volatile stock market. “We see that people are postponing their non-essential purchases and avoid buying overly conspicuo ...More
EJ Insight2015-09-24
The negative impact caused by the recent renminbi devaluation on the tourism sector of Queensland is expected to be temporary, according to the governor of the Australian northeastern state. "This eff ...More
EJ Insight2015-09-07
Crude oil futures have slumped to nearly US$40 per barrel amid growing market jitters. Commodity currencies are also falling, and emerging markets suffer from heavy sell-offs. Fund managers are forced ...More
EJ Insight2015-08-21
I.T. Ltd. (00999.HK) has issued a profit warning after disclosing an estimated HK$60 million loss from the decline in the value of its renminbi time deposits, the Hong Kong Economic Journal reported o ...More
EJ Insight2015-08-14
Retailers such as Burberry Group Plc, Kering SA and Chow Tai Fook Jewellery Group Ltd. are pushing landlords to lower rents on existing properties as luxury brands scale back on declining traffic. Com ...More
EJ Insight2015-08-11
Chow Tai Fook Enterprises Ltd. and Kerry Properties Ltd. (00683.HK) have submitted bids for a project to build a shopping mall for Hong Kong goods in Qianhai, Shenzhen, the Hong Kong Economic Journal ...More
EJ Insight2015-07-27
Hong Kong's retail industry will continue to see gloomy sales in the second half of the year as mainland travelers choose other shopping destinations in Asia and Europe, said Dickson Poon, chairman of ...More
EJ Insight2015-07-24
Chow Tai Fook Jewellery Group Ltd. (01929.HK) expects to close more shops after it posted a 6 percent drop in sales for this year's second quarter, the Hong Kong Economic Journal reported Friday. Sam ...More
EJ Insight2015-07-10
China is cutting tariffs on some popular imports to boost domestic consumption, dealing a blow to Hong Kong's retail sector which counts heavily on mainland shoppers. The State Council announced the i ...More
EJ Insight2015-04-30
Chow Tai Fook Jewellery Group (01929.HK) has seen its same-store sales for the quarter ended March shrink 16 percent from a year ago, after an 18 percent slide in the preceding three months, Hong Kong ...More
EJ Insight2015-04-16
A stronger Hong Kong dollar and a high-profile campaign by activists against parallel goods traders are being blamed for a slump in retail sales in the city during the long Easter weekend. Sales at Em ...More
EJ Insight2015-04-08
