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South China Morning Post
  1. For an indication of the degree to which institutional investors remain bullish on the prospects for Asia’s real estate markets despite the damage wrought by Covid-19, look no further than the findings of a survey published on January 13 by the Asian Association for Investors in Non-Listed Real Estate Vehicles and its European and US counterparts.The poll, which is carried out annually, revealed that 72 per cent of respondents planned to raise their allocations to Asian property in the next two…
  2. HSBC chairman Mark Tucker on Monday defended the need to provide transition financing to clients to spark environmental change and reach the lender’s goal of being “net zero” in terms of carbon emissions by 2050.Speaking at the Asian Financial Forum, Tucker said climate change is probably “the most urgent and serious threat” faced by the global community and the lender has an obligation to tackle that, but it will not be achieved by stepping away from clients, particularly in emerging markets…
  3. China’s demand for patient monitoring systems and ventilators will keep growing even with Covid-19 largely under control, according to a senior official of Shenzhen Mindray Bio-Medical Electronics, the country’s largest producer of medical devices.Government procurement programmes to bolster the resilience of the medical system in the world’s second biggest health care market against future disease outbreaks will keep orders for equipment high for the next couple of years, said company…
  4. Sometimes you can get too much of a good thing. In China’s case, it might be time to step off the policy gas. Beijing has done a great job fighting off the Covid-19 crisis and steering the economy towards what is turning out to be a pretty impressive recovery.Growth is revving back, exports are booming and economic confidence is building good forward momentum. Sustainability is the key but there will come a time when Beijing must consider whether all of the extra monetary and fiscal stimulus…
  5. China’s pork output posted a sharp recovery last year after the sector was decimated by an incurable hog disease in 2019, official data showed on Monday.China’s 2020 pork output fell by just 3.3 per cent from a year earlier to 41.13 million tonnes after plunging by 21 per cent in 2019, the National Bureau of Statistics said.But some analysts said they had expected a much bigger fall in 2020 after the African swine fever ravaged China’s breeding stock in 2019.China’s stock had fallen by an…
  6. Hong Kong has a vital and indispensable role to play in China to facilitate the economy’s so-called dual circulation development, as well as in the internationalisation of the yuan and the growth of the Greater Bay Area, said the country’s bank regulator.Hong Kong is “indispensable in many aspects” in China’s trade, investment, finance, legal, tourism and cultural activities, “so it is necessary for Hong Kong to further strengthen the cooperation and collaboration with the mainland,” said Guo…
  7. The Hong Kong and mainland markets rose on Monday, on economic data from China that showed growth in the world’s second-largest economy had beaten expectations – despite rising at its slowest pace in 45 years.The Hang Seng Index rose 1 per cent to 28,862.77, extending its best start to the year in a decade. The Shanghai Composite Index also added 0.8 per cent.China’s coronavirus-hit economy grew by 2.3 per cent in 2020, its lowest annual growth rate in 45 years, said the National Bureau of…
  8. Certain sectors are expected to increase hiring in Hong Kong this year, a survey conducted by recruitment firm Michael Page has found.The company polled more than 5,500 businesses and 21,000 employees in November and December 2020, across 12 markets in the Asia-Pacific region. In Hong Kong, 27 per cent of the companies polled said they were looking to increase their headcounts, while 54 per cent said they planned to maintain the status quo and 19 per cent said they planned job cuts.Hiring…
  9. Google said on Sunday that antitrust claims in a Texas lawsuit were “misleading”, responding in a blog post as state attorneys general plan suits against the Alphabet unit.In December, Texas Attorney General Ken Paxton filed a complaint about Google’s advertising technology business, in one of several suits alleging that Google abused its dominance of the internet search business or otherwise broke antitrust law.In Sunday’s blog post, Google’s economic policy director Adam Cohen said the…
  10. China’s health care industry, the world’s second largest, will see a sustained increase in stock offerings after registering record-high transactions and valuations in 2020, a senior JPMorgan Chase banker said.“Given the ultra loose monetary environment, ample liquidity in the capital markets and heightened awareness of the importance of health care amid the pandemic, health care will continue to be a major focus area in the investment community,” said Houston Huang Guobin, the US bank’s head…