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
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
