Clare's Feed
Nov 9, 2015

Marriott, Alitrip tie-up to let Chinese travellers book online

HONG KONG, Nov 9 (Reuters) – U.S.-based hotel chain Marriott
International Inc and Alibaba Group’s online
travel booking platform announced a tie-up on Monday, joining a
flurry of rivals expanding their presence in China to cater to
the country’s growing upper-middle class.

China’s economy is forecast to slow to roughly 6.5 percent
growth in coming years, but companies such as Alibaba Group
Holding Ltd and Tencent Holdings Ltd promise direct
access to the country’s middle class and what Marriott Asia
Pacific head Craig Smith is calling a “land grab” for Chinese
travellers.

Nov 6, 2015

Hong Kong court extends press gag in test case for freedoms

HONG KONG (Reuters) – A Hong Kong judge on Friday extended a press gag order in a case involving one of Asia’s top universities, renewing concerns about press freedom in the Chinese-controlled city in the wake of last year’s pro-democracy protests.

The injunction, initiated by the chairman of Hong Kong University’s governing council, bans media from reporting on the council’s closed-door meetings, after members voted in September not to promote a former law school dean, despite him having been the sole nominee for the post.

Oct 11, 2015

HK’s leaders doomed to fail without reforms, says pro-China lawmaker

HONG KONG (Reuters) – A leading pro-Beijing politician in Hong Kong said future leaders of the global financial hub face a grim prospect unless lawmakers and Beijing end their impasse over political reform.

Lawmakers in the Chinese-controlled city recently vetoed a proposal to hold public elections for Hong Kong’s top political leader, the chief executive, after China insisted that only pre-screened, pro-Beijing candidates be allowed to stand.

Oct 2, 2015

Hong Kong retail sales fall for a sixth straight month

HONG KONG, Oct 2 (Reuters) – Hong Kong retail sales fell for
the sixth straight month in August as a drop-off in tourist
arrivals from mainland China and its economic slowdown took a
bite out of the luxury goods business.

Retail sales slipped 5.4 percent from a year earlier to
HK$37.9 billion ($4.89 billion). That followed a revised 2.9
percent fall in July, a 0.4 percent slide in June, 0.1 percent
in May, 2.1 percent in April and 2.9 percent in March. In volume
terms, August sales slipped 0.2 percent.

Sep 30, 2015

As China sparkle fades, De Beers sees glint in bridal, gift diamonds

HONG KONG (Reuters) – Famed diamond supplier De Beers expects the value of its sales of the polished jewel in China may rise this year by just over a tenth of 2011’s surge, as the economy that has long bolstered global luxury goods heads for its weakest growth in 25 years.

The world’s largest diamond producer by value expects 2015 China polished diamond sales to rise 3-5 percent in U.S. dollar terms, Stephen Lussier, head of its Forevermark brand, said in a recent interview. They grew 5 percent last year, down from 29 percent four years ago and 33 percent in 2010.

Sep 28, 2015

Rights group demands Chinese supporters of HK democracy be freed

HONG KONG (Reuters) – Amnesty International called on Monday for the release of eight mainland Chinese activists who face long prison sentences for posting messages and pictures supporting Hong Kong’s 2014 pro-democracy protests.

Six of the activists, arrested on suspicion of “inciting subversion of state power” after holding up banners with messages such as “Support Hong Kong’s fight for freedom”, face up to 15 years in prison if convicted.

Sep 27, 2015

Rights group demands Chinese supporters of Hong Kong democracy be freed

HONG KONG (Reuters) – Amnesty International called on Monday for the release of eight mainland Chinese activists who face long prison sentences for posting messages and pictures supporting Hong Kong’s 2014 pro-democracy protests.

Six of the activists, arrested after holding up banners with messages such as “Support Hong Kong’s fight for freedom”, face up to 15 years in prison.

Sep 25, 2015

Top Hong Kong judges defend rule of law in face of China pressure

HONG KONG (Reuters) – Two top Hong Kong judges on Friday defended the rule of law in an apparent rebuke of China’s top official in the city who recently stoked controversy by saying Hong Kong’s China-backed leader was above the law.

The mainland official, Zhang Xiaoming, said this month Hong Kong’s chief executive had a “special legal position which is above the executive, legislative and judicial institutions.”

Sep 24, 2015

Ahead of Hong Kong protest anniversary, little appetite for another occupation

HONG KONG (Reuters) – A year after Hong Kong riot police fired tear gas at pro-democracy protesters in scenes that grabbed global headlines, there appears to be little appetite for another mass occupation of the Chinese-controlled city.

Instead, a political slanging match is building, with China’s top representative in Hong Kong saying this month that leader Leung Chun-ying is above the law, prompting fierce debate and a backlash from pro-democracy activists.

Sep 24, 2015

Ahead of HK protest anniversary, little appetite for another occupation

HONG KONG (Reuters) – A year after Hong Kong riot police fired tear gas at pro-democracy protesters in scenes that grabbed global headlines, there appears to be little appetite for another mass occupation of the Chinese-controlled city.

Instead, a political slanging match is building, with China’s top representative in Hong Kong saying this month that leader Leung Chun-ying is above the law, prompting fierce debate and a backlash from pro-democracy activists.

    • About Clare

      "I am based in New York and write about IPOs and wealth management. I was formerly based in San Francisco, where I wrote about tech companies."
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