SCMP

Dream of mainland retirement loses its attraction for many

Bigger flats and lower living costs on the mainland have seen many Hongkongers retire across the border, but the Post has found the lure may be starting to fade. Ms Woo, a 67-year-old Hongkonger, was attracted by the spacious community environment at Clifford Estates in Panyu, a Guangzhou ...

VOA

Trial of Chinese Billionaire in UN Bribery Case Opens

Jury selection began Monday in the trial of a Chinese billionaire accused of bribing United Nations diplomats to gain their approval of a U.N. conference center he wanted to build. Ng Lap Seng has pleaded not guilty. He has posted $50 million bail, but is restricted to a luxury New York City ...

SCMP

Credit tightening in China to continue, BAML says

There is more policy tightening ahead for China as authorities step up efforts to rein in the shadow banking sector, according to the chief greater China economist at Bank of America Merrill Lynch (BAML). Shadow banking or off-balance-sheet lending, which takes place outside official banking ...

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