South China Correspondent, Hong Kong/Guangzhou
James's Feed
Apr 16, 2015

China exporters expect more pain as economy sputters: survey

GUANGZHOU, China (Reuters) – More than half of China’s exporters expect a trade slowdown to last at least six months as production costs climb and European demand weakens, according to a Reuters survey at the country’s biggest trade fair.

On the opening day of the biannual Canton Fair in the Pearl River Delta, the workshop of the world, the cavernous halls were filled with international buyers, but many, especially Europeans hit by a weaker euro, appeared to be ordering fewer goods and haggling hard with manufacturers.

Apr 12, 2015

China to curb visits to Hong Kong by Shenzhen residents – NPC deputy

HONG KONG (Reuters) – China will limit visits by residents of the city of Shenzhen to neighbouring Hong Kong, a politician and media said on Sunday, following recent tension in the former British colony over growing numbers of mainland visitors.

Hong Kong has seen a groundswell of discontent over the number of mainland Chinese visiting the crowded city where frustration with what many residents see as attempts by Beijing to restrict democracy erupted in protests last year.

Apr 11, 2015

China to restrict visits by Shenzhen residents to Hong Kong: NPC deputy

HONG KONG (Reuters) – China will limit visits by residents of the southern city of Shenzhen to neighboring Hong Kong, local media and politicians said on Sunday, following recent tensions in the former British colony caused by growing numbers of mainland visitors.

Shenzhen authorities would soon restrict its residents to one visit to Hong Kong per week, from an unlimited number of daily trips, said Michael Tien, a Hong Kong member of China’s parliament, the National People’s Congress.

Apr 10, 2015

HKex expects quotas for mainland investors to be raised, inflows pressure peg

HONG KONG, April 10 (Reuters) – The Hong Kong stock exchange
expects quotas for mainland China investors to be increased by
over 30 percent, its chief executive said on Friday, a day after
heavy capital inflows forced the city’s central bank to sell
Hong Kong dollars to defend its currency peg.

For the first time since August, the Hong Kong Monetary
Authority (HKMA) intervened on Thursday to sell HK$3.1 billion
($400 million) in Hong Kong dollars as the local currency hit
the strong end of its official trading range.

Feb 24, 2015

Mainland Chinese visits to Hong Kong drop amid tensions

HONG KONG (Reuters) – The number of mainland Chinese visitors to Hong Kong during the Lunar New Year holidays fell for the first time in about 20 years as they have felt increasingly unwelcome amid political unrest in the city.

The drop comes as Hong Kong’s leader Leung Chun-ying said he would raise the issue of large numbers of mainland Chinese visitors with Beijing at a parliamentary meeting next month.

Feb 22, 2015

Insight – Hong Kong ‘radicals’ up ante in democracy push against China

HONG KONG (Reuters) – Nearly three months after police cleared away the last of Hong Kong’s pro-democracy street protests, lingering anger is stoking a new front of radical activism that has turned shopping malls and university campuses into a fresh battleground.

While still relatively few in number, a cluster of outspoken groups have staged small but disruptive protests in recent weeks targeting mainland Chinese visitors – tapping a seam of grassroots resentment to call for greater Hong Kong nationalism and even independence from China.

Feb 22, 2015

Hong Kong “radicals” up ante in democracy push against China

HONG KONG, Feb 23 (Reuters) – Nearly three months after
police cleared away the last of Hong Kong’s pro-democracy street
protests, lingering anger is stoking a new front of radical
activism that has turned shopping malls and university campuses
into a fresh battleground.

While still relatively few in number, a cluster of outspoken
groups have staged small but disruptive protests in recent weeks
targeting mainland Chinese visitors – tapping a seam of
grassroots resentment to call for greater Hong Kong nationalism
and even independence from China.

Feb 18, 2015

Beijing’s glare deepens crisis in Macau

MACAU/ZHUHAI, China (Reuters) – China’s crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world’s biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid Beijing’s scrutiny.

During a recent visit to four of the city’s glitziest casinos, VIP rooms were mostly desolate, with some shuttered and one boarded up, their tables covered with wood and white cloth.

Jan 30, 2015

Sunac China to buy 49.3 percent stake in troubled developer Kaisa: Caixin

HONG KONG (Reuters) – Sunac China Holdings Ltd has agreed to buy a 49.3 percent stake in troubled Chinese property developer Kaisa Group, a report in financial news magazine Caixin said on Friday, citing an unidentified senior company executive.

The report came as Sunac announced a share trading suspension pending the release of an “announcement containing inside information in relation to the company.”

Jan 27, 2015

Kaisa failed to unblock sales during talks with Shenzhen govt-company source

HONG KONG, Jan 27 (Reuters) – Troubled Chinese property
developer Kaisa Group failed to remove a local
government block on sales at its Shenzhen projects during talks
with public officials on Monday, a company source familiar with
the discussions said.

Kaisa’s top executives held a high-level meeting with senior
Shenzhen government officials on Monday afternoon in the
Longgang district in northern Shenzhen, where two of Kaisa’s new
projects are blocked, according to the source.