Peggy Sito

3 weeks ago | scmp.com | Peggy Sito |Danielle Eugenia Popov

Chinese companies are stepping up efforts to unlock business opportunities in the Middle East to hedge against worsening US-China trade ties, hoping to use the region as a springboard to expand into new markets in Africa and Europe. They include Hong Kong start-up NEXX Global, a logistics platform operator backed by CK Asset Holdings, and Beijing-based franchise platform operator Tojoy, according to the company officials.

4 weeks 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.

1 month 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.

2 months 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.