Peggy Sito

6 days ago | scmp.com | Peggy Sito

Hong Kong’s dominant free-to-air broadcaster Television Broadcasts (TVB) has undergone a shift in equity holdings, with its executive chairman Thomas Hui To making a personal investment in the company. The investment secures Hui an indirect equity stake in TVB, positioning him as a major shareholder. The transaction was a “strategic move” that emphasises Hui’s “firm confidence in TVB’s sustained growth trajectory and long-term market value appreciation”, he said in a written response to the Post.

2 weeks ago | scmp.com | Peggy Sito

The approval of the first four official London Metal Exchange (LME) warehouses in Hong Kong gives a long-awaited boost to the city’s ambition of playing a more integral role in global metals trading. Many industry leaders, including Tiger Shi, CEO of Bands Financial, and Clara Chan, CEO of Hong Kong-listed Lee Kee Group, believe the development marks a pivotal step in strengthening the city’s position as a strategic commodities hub in Asia.

1 month ago | scmp.com | Peggy Sito |Zhang Shidong

The chief executive of Qatar’s sovereign wealth fund recently visited Beijing to accelerate an agreement to acquire a 10 per cent stake in China Asset Management (ChinaAMC), one of the country’s largest mutual fund firms, according to sources familiar with the matter.

1 month ago | scmp.com | Peggy Sito

Asian state-owned investors (SOIs) are projected to grow their assets under management by 34 per cent over the next five years, aided by growing economies, healthier fiscal balances and bigger contributions from the continent’s relatively young population, according to Sovereign Wealth Fund Institute.

2 months ago | scmp.com | Peggy Sito

CK Hutchison Holdings (CKH) is stepping back from the business of seafaring commerce, as rising US-China tension and an unfolding worldwide trade war signal choppy times ahead for the port operators. The company announced overnight that it would sell 80 per cent of Hutchison Port Group which owns 43 container ports in 23 countries, including a 90 per cent stake in two Panama ports that have been the target of US President Donald Trump’s ire.