Chow Tai Fook acquired a 59.6 carat pink diamond for HK$553 million (US$71.16 million), setting the world record for the top auction price for any gem, Bloomberg reports. The Hong Kong-based jeweler m ...More
EJ Insight2017-04-05
Before Causeway Bay became a world shopping paradise, it was a Broadway or a West End. Nearly a dozen theaters showed movies or Cantonese operas at Lee Theater or Palace Theater in the golden days bef ...More
EJ Insight2017-01-17
Warmer than expected Christmas weather appears to be providing little comfort for Hong Kong's retail sector this year. Business has been cold at many outlets despite a projected rebound in mainland vi ...More
EJ Insight2016-12-21
A social enterprise has teamed up with the government to offer innovative affordable housing with no fixed rent. Rents are based on the tenants' ability to pay, the Hong Kong Economic Journal reports. ...More
EJ Insight2016-10-06
... Tai Fook (周大福) and Luk Fook (六福) because its name sounds like a combination of the two famous Hong Kong-listed companies. Given the trademark similarities, it is quite understandable why Zhou Liu Fu i ...More
EJ Insight2016-09-30
Hong Kong has seen significant capital inflows as international investors sought out safe-havens and high-dividend plays amid an uncertain global macro environment. As a result, REITs and some risk-o ...More
EJ Insight2016-07-12
Gold sales in Hong Kong are headed for the worst downturn in at least 15 years thanks to shrinking spending by Chinese tourists. Consumption may drop by as much as a quarter this year from 2015, assum ...More
EJ Insight2016-05-25
May 2014 was probably the best time for Hong Kong tourism. About 380,000 mainlanders flooded the territory for the Golden Week holidays. Shoppers formed long queues at the Louis Vuitton shop in Harbou ...More
EJ Insight2016-04-29
Chow Tai Fook Jewellery Group Ltd. (01929.HK) saw a bigger drop in mainland sales in the three months to March than a year ago, the Hong Kong Economic Journal reports. Sales value as well as same-stor ...More
EJ Insight2016-04-13
During the Lunar New Year period, most Hongkongers would need some red envelopes to put in lucky money for kids, for young unmarried colleagues or for doormen. The envelopes are often obtained free as ...More
EJ Insight2016-01-25
Guangzhou officials have been bragging that the city's 2015 economic output would reach 1.8 trillion yuan and that the per capita GDP would hit US$20,000 for the first time. Shenzhen’s corresponding f ...More
EJ Insight2016-01-18
The CTF HOKO mall in Qianhai has drawn more visitors than expected, although the goods it sells are, in general, overpriced, with limited choices, the Hong Kong Economic Journal reported Monday. The m ...More
EJ Insight2016-01-11
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
