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Asia Pacific

Broader trade deal on the cards between China and Canada, says economist

Broader trade deal on the cards between China and Canada, says economist

A broader free trade agreement with Canada could set the stage for a new round of similar negotiations between China and other advanced economies, a senior Canadian economist says.
South Korea presses B.C. to hire more Korean youth

South Korea presses B.C. to hire more Korean youth

Asian country’s rising unemployment has officials seeking offshore opportunities
Only a third of Hongkongers to remain in the job, even with pay raise

Only a third of Hongkongers to remain in the job, even with pay raise

Only one-third of Hong Kong employees plan to stay in their jobs for another year even if they are being given a pay raise, according to the latest recruitment agency report.
Hong Kong retail sales rise for second consecutive month, but by just 0.1 per cent

Hong Kong retail sales rise for second consecutive month, but by just 0.1 per cent

Hong Kong’s retail sales rebounded slightly in April for the second straight month following a two-year period of contraction, with an industry expert predicting that growth for the whole year could hit 1 per cent.
Uber fights for legalization in Hong Kong

Uber fights for legalization in Hong Kong

More than one million Uber riders in Hong Kong have been invited to show their support for the ride-hailing firm in a territory-wide online campaign starting on Wednesday as it fights for legalization in the city.
Nan Fung Development in Hong Kong smashes property records, pays US$3.16 billion for world’s costliest land site in Kai Tak

Nan Fung Development in Hong Kong smashes property records, pays US$3.16 billion for world’s costliest land site in Kai Tak

Cash rich Nan Fung Development, the textile producer that morphed into the developer of Hong Kong’s most exclusive real estate, has won a commercial site in Kai Tak area for a record HK$24.6 billion (US$3.
Oracle set to expand cloud reach with Tencent alliance

Oracle set to expand cloud reach with Tencent alliance

Oracle Corp, the world’s largest seller of enterprise software, may look to its partnership with Tencent Holdings to distribute its NetSuite portfolio of online business applications in mainland China’s software-as-a-service (SaaS) market, an industr
Self-storage market to become ‘big trend’ in major Chinese cities, say real estate fund managers

Self-storage market to become ‘big trend’ in major Chinese cities, say real estate fund managers

Rapid urbanisation and the growth of online retailing in China’s big cities have begun to spur demand for a sophisticated form of mini self-storage geared towards the tech savvy user, according to private equity real estate fund InfraRed NF Investmen
Property buyers hit a brick wall as Beijing tries to avert housing bubble

Property buyers hit a brick wall as Beijing tries to avert housing bubble

For almost two decades, China’s property market was a one-way bet. As urban residents made the move from state housing to privately owned flats from 1998, there were big profits to be made.
Caution sounded in Hong Kong as developer’s financing schemes seen as enabling highly-leveraged home buyers

Caution sounded in Hong Kong as developer’s financing schemes seen as enabling highly-leveraged home buyers

New flat buyers in Hong Kong are taking advantage of developers’ generous financing plans with larger mortgage sizes, although experts cautioned that the leveraging could amount to heightened risk of defaults should the residential market reverse its