Property 

Shui On chairman Vincent Lo’s daughter and designated successor calls the shots at the mainland-focused developer

Stephanie Lo Bo-yue, 36, has massive responsibilities. She is raising two young boys, aged two and four, and managing the day to day responsibilities of Shui On Land known for its famous Xintiandi Plaza in Shanghai.Both tasks are challenging, but as the likely successor to the HK$14.4 billion business empire founded by her illustrious father and chairman, Vincent Lo Hong-shui, she has massive shoes to fill.In less than a year after being named executive director, she is making her presence felt… Source link

Read More
Home 

Huawei will commit to ‘no-spy agreements’ to win government contracts, chairman says

Huawei Technologies offices in Reading, England. On Tuesday, the company’s chairman, Liang Hua, told a conference in London that the Chinese telecommunications giant was prepared to include pledges in its government contracts not to facilitate “back door” espionage by Beijing. Photo: Reuters Source link

Read More
Home 

Hong Kong’s stock indexes climb on China’s vow to further open financial sector as Mengniu Dairy cheers newly appointed chairman

Hong Kong stock indexes advanced on the Chinese government’s pledge to open up the country’s financial services sector to foreign competition, while electronic component makers rose on Apple’s better-than-expected quarterly earnings.The Hang Seng Index rebounded from early losses to close Thursday 0.8 per cent higher at a six-day high of 29,944.18, while the China Enterprises Index rose 0.1 per cent to 11,556.72, the third day of gains out of four. Turnover in Asia’s second-largest capital… Source link

Read More
Home 

Chen Siqing named ICBC chairman as string of management changes at China’s top financial institution continues

China has named a new chief for Industrial and Commercial Bank of China, the world’s largest lender by assets, people with knowledge of the matter said.Chen Siqing, chairman of Bank of China, was appointed as party secretary of Beijing-based ICBC at an internal meeting on Monday, the people said, asking not to be identified as the matter is private.Chen is replacing Yi Huiman, who became chairman of the China Securities Regulatory Commission, the country’s top securities regulator, in January… Source link

Read More
Home 

Nissan’s former chairman Carlos Ghosn indicted on breach-of-trust charges in Japan, the most serious allegations yet against him

Carlos Ghosn was indicted on new breach of trust charges, Japanese broadcaster TBS and Kyodo News said, the most serious allegations yet against the former chairman of Nissan Motor.The new, third round of charges will keep Ghosn detained for longer as Japanese prosecutors pursue their case against the former global auto executive. Ghosn briefly won his freedom on bail in March, but was arrested and jailed again on new allegations of sending million of dollars from Nissan money to accounts he… Source link

Read More
Property 

‘Banks are confident in our future’, says chairman of SHKP after the developer secures US$2.6 billion syndicated loan

Sun Hung Kai Properties, Hong Kong’s biggest developer by market value, said it had signed a five-year HK$20 billion (US$2.55 billion) syndicated loan for general working capital for business development.The credit arrangement is in line with the group’s policy of extending the maturity profile of their loan portfolio and arranging substantial committed facilities for future development.“This facility has gained strong support from the banking community, a reflection of their confidence in SHKP… Source link

Read More
Home 

Not ‘typical foreigners’, says Raffles chairman as Singapore hospital operator bets big on China market

Patience is key to international companies cracking China’s health care market, the world’s second-largest, Dr. Loo Choon Yong, chairman of Singapore-based Raffles Medical Group, said on Saturday.Singapore’s largest private medical services operator, Raffles is betting on mainland China to drive growth amid muted prospects at home. It opened an 800 million yuan (US$119.09 million) fully owned and run hospital in the southwestern city of Chongqing in January, and expects to open a second one in… Source link

Read More
Singapore 

Maid stole more than $34k worth of items from Changi Airport Group chairman, his family, Singapore News

SINGAPORE – A maid was working for Changi Airport Group chairman Liew Mun Leong and his family when she stole more than $34,000 worth of items from them. They included luxury watches such as a $10,000 Gerald Genta watch, 115 pieces of clothing worth $150 each, as well as two iPhones with accessories valued at more than $2,000. After a 20-day trial, District Judge Olivia Low found Indonesian Parti Liyani, 45, guilty of four counts of theft on Wednesday (March 20). A fifth charge of being in possession of items,…

Read More
Vietnam 

Prime Minister welcomes Hong Kong-Việt Nam Chamber of Commerce Chairman – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Nguyễn Xuân Phúc (right) meets with Jonathan Choi, Chairman of the Hong Kong-Việt Nam Chamber of Commerce. — VNA/VNS Photo Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc hosted Jonathan Choi, Chairman of the Hong Kong-Việt Nam Chamber of Commerce and President of Sunwah Group, in Hà Nội on Tuesday. The PM underlined the sound co-operation between Việt Nam and China – and particularly Hong Kong – in various fields such as the economy, trade, investment, tourism and culture. Choi expressed his pleasure at…

Read More
Vietnam 

VinaCapital Ventures names Việt Nam-born former German vice chancellor advisory board chairman – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — VinaCapital Ventures, the technology investment company of VinaCapital, on Friday announced the appointment of Dr Philipp Rosler, former German vice chancellor, as the chairman of its advisory board. Rosler will provide counsel to both VinaCapital Ventures and its investees. Born in Sóc Trăng Province, he was adopted at a young age and grew up in Germany. In 2011 he became vice chancellor and minister of economics and technology, and became actively engaged with and promoted the start-up community. He was…

Read More