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Asia Pacific

Theme parks, pension homes and malls: China developers turn to niche projects as cooling measures dim outlook

Theme parks, pension homes and malls: China developers turn to niche projects as cooling measures dim outlook

Amid heightened government controls on the property market and a dimmer outlook for the sector next year, talk of “transition” and “differentiation” has resurfaced among China’s real estate developers.
Fewer Hong Kong firms plan to hire staff and pay raises set to be modest in early 2017

Fewer Hong Kong firms plan to hire staff and pay raises set to be modest in early 2017

Fewer companies in Hong Kong are looking to hire in the next three months compared to a year ago, although certain sectors are bucking the trend with plans to increase staffing levels over the Lunar New Year holiday.
Tea and slippers: The hotel industry’s pursuit of the Chinese traveller

Tea and slippers: The hotel industry’s pursuit of the Chinese traveller

The Chinese traveller has become one of the most sought-after patrons in the hotel business.
Hackers in Greater China target online transactions, building ‘dossiers’ of information on individuals, expert says

Hackers in Greater China target online transactions, building ‘dossiers’ of information on individuals, expert says

Greater China is facing an increasing number of cyberattacks on online transactions, with e-commerce websites being the most vulnerable, according to a recent cybersecurity report.
How China’s quick blue-sky fixes make pollution worse

How China’s quick blue-sky fixes make pollution worse

Blue skies created by short-term air pollution fixing campaigns ahead of political events are usually followed by a dramatic deterioration in air quality – often worse than before – when the events are over, a study has found.
Chinese fintechs overtake Western rivals in innovation: report

Chinese fintechs overtake Western rivals in innovation: report

China’s financial technology (fintech) sector has leapfrogged competitors in the United Kingdom and United States in terms of numbers and innovation and sophistication, a report by EY and Singaporean banking giant DBS has found, by offering tailored
What China has done to stop massive amounts of cash from fleeing the country

What China has done to stop massive amounts of cash from fleeing the country

The Chinese authorities are about to halve the amount of cash China UnionPay bank card holders can withdraw from ATM machines in Macau, the South China Morning Post has learned.
Police arrest 22 Hongkongers in money laundering probe linked to scams overseas

Police arrest 22 Hongkongers in money laundering probe linked to scams overseas

Twenty-two Hongkongers accused of laundering HK$13 million through their bank accounts were rounded up in a series of police raids across the city on Wednesday.
Wuhan authorities call off land sale in latest effort to cool red-hot property prices

Wuhan authorities call off land sale in latest effort to cool red-hot property prices

The authorities in Wuhan, the capital of central China’s Hubei province, called off a prime city-centre land auction on Tuesday, fearing its price was likely to hit a record high – the latest move by officials across the country to clamp down on surg
Gaming tycoon Jack Lam flees Philippines, has casinos shut down amid sabotage and bribery allegations

Gaming tycoon Jack Lam flees Philippines, has casinos shut down amid sabotage and bribery allegations

One of Asia’s most influential gaming industry figures has been forced to flee the Philippines after becoming a prime target of President Rodrigo Duterte’s crackdown on drugs and gambling.