MONDAY, SEPTEMBER 20, 2021
WWW.SCMP.COM
BEIJING BANS
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Block placed on imports of
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10 killed, 5 missing in tragedy
on a river in Guizhou province
> PAGE A3
> PAGE B18
> PAGE A7
POLITICS
POLITICS
Opposition trade
union confirms it is
seeking to disband
Resolution on matter expected to be put forward
at extraordinary general meeting on October 3
Chan Ho-him
thomas.chan@scmp.com
Officials including Electoral Affairs Commission Barnabas Fung and Secretary for Constitutional and Mainland Affairs Erick Tsang empty a ballot box in Wan Chai. Photo: Sam Tsang
HONG KONG COMPLETES FIRST
‘PATRIOTS ONLY’ ELECTION
Carrie Lam declares poll for Election Committee a success, saying body is now more representative
Chris Lau, Natalie Wong
and Tony Cheung
Hong Kong wrapped up its first
poll under the Beijing-decreed
electoral overhaul yesterday
largely without incident in a race
designed to ensure only “patriots”
have a say in governing the city.
Compared with 2016, the last
time an Election Committee poll
was held, individual votes had
been slashed drastically and
instead corporate votes – those
representing organisations and
companies – held sway and, with
that, the pan-democrats’ longestablished presence was all but
formally obliterated.
Senior officials and prominent
business and community leaders
who showed up at the five polling
stations lauded the elections as an
important milestone for the city to
start over and reform governance
after the social unrest of 2019. But
some residents complained they
felt disenfranchised and called on
the government to expand the
electorate in future.
Only two candidates friendly
to the opposition camp, Tik
Chi-yuen, 63, and Francis Chau
Yin-ming, 60, sought to win seats
in the 1,500-member committee
with its newly enhanced powers
not just to elect the city’s next chief
executive but also nominate lawmakers and field up to 40 of its
members for the Legislative
Council. They were the only two
such candidates who were
approved by prior vetting.
Under the central government’s radical revamp to ensure
only “patriots” govern Hong
Kong, the original 1,200-strong
Election Committee was expand-
ed by 300 seats, making up the
new fifth sector of ultra loyalists
hailing from mostly pro-Beijing
organisations.
Yesterday’s poll was “laying
the foundation for future elections”, Chief Executive Carrie
Lam Cheng Yuet-ngor said after
visiting the Convention and
Exhibition Centre polling station
before voting began at 9am. The
city will hold elections for the 90member Legislative Council in
December, and for the chief executive race in March.
After voting ended at 6pm,
Electoral Affairs Commission
chairman Barnabas Fung Wah
said 4,380 people cast their ballots, or about 90 per cent of those
eligible. Three subsectors in the
legal, technology and innovation,
and architectural, surveying,
planning and landscape arenas,
which have 30, 54 and 55 voters
respectively, achieved 100 per
cent turnout.
Vote counting faced a hiccup.
Due to begin at 8pm, counting
was delayed by over an hour after
“some documents” were left be-
hind in the polling station at the
Convention and Exhibition Centre after ballot boxes were delivered to the central counting
station in the same building. Extra
time was spent on ferrying the forgotten documents for crosschecking, Fung said, attributing
the latter to the first-time use of an
electronic voter register.
He declined to reveal the
nature of the documents, beyond
stressing they were not ballot
papers and vowing a full report
and analysis on the delay.
He also revealed accounting
statistics recorded digitally in certain polling stations did not match
handwritten data. Station staff,
hence, had to cross-check statistics manually. “In the past they
only had to record by means of the
handwritten statistics, this time
we have used the computer to
issue ballot papers, so there is one
more step,” he said.
“We will look into the process
to see if it can be streamlined.”
Complaints also emerged
about a long queue at the Kowloon Park polling station because
Carrie Lam after visiting a polling station yesterday. Photo: EPA
of the new electronic register that
Fung admitted took officers and
voters some getting used to. “The
operation of the electronic system
was smooth and satisfactory, but
staff members were not too familiar with it at first,” he said.
There was also the issue of unregistered voters joining queues,
believing they could vote.
“I was also told that there were
many unregistered voters who
queued up. Some thought they
could cast a ballot even though we
had widely publicised [information about the elections],” he said.
“In future, we will see if there are
ways to let the public better
understand that only registered
voters could enter the stations.”
As at midnight, counting was
still under way with results yet to
be announced.
Earlier, acknowledging the
much smaller voter base, Lam
maintained that the voters were,
however, more representative.
Only 8,000 people were eligible to vote, a dramatic reduction
of about 97 per cent from 246,440
voters in 2016. Beijing officials and
Hong Kong ministers yesterday
repeatedly sought to explain that,
where individual voters accounted for the bulk of the base in the
past, a change in favour of
corporate voters representing
their organisations or sectors,
made the committee more reflective of wider society.
But all of the pan-democrats or
opposition faces in the previous
Election Committee were conspicuously absent, partly because
most were either in prison for various charges including on national
security grounds or had fled the
city amid a crackdown after the
imposition of the security legisla-
tion. Nearly all would have failed
to qualify under the new criteria of
“patriots ruling Hong Kong” given
the charges they faced.
Asked by local media if the
electoral reforms were meant to
shut out all opposition voices,
Lam defended the overhaul as a
“very legitimate objective” to improve the system to bring “patriots” into government.
“I doubt very much that another government or another
country will allow the public elections to their local legislature to
consist of people whose mission is
to undermine the national interest or national security,” Lam said.
“We still welcome people from
all walks of life and people who
have different opinions about
government policies to go into the
political system as long as we all
share the common objective that
we will continue to succeed under
‘one country, two systems’ and we
will not do anything to undermine
national security.”
She noted that the committee
now had a more “balanced participation”, and included groups
previously under-represented
but she did not cite specific
examples.
The election had seen the
emergence of grass-roots groups
previously not included in the
committee, such as the Hong
Kong Island Federation, more
than 20 associations of Chinese
fellow townsmen, including the
Federation of Hong Kong Guangdong Community Organisations,
and associations of Hong Kong
residents on the mainland, such
as the Hong Kong Chamber of
Commerce in China.
Ahead of yesterday’s poll,
most of the 1,500 seats had been
allocated to ex officio members or
were uncontested. Only 412
> CONTINUED ON A4
Hong Kong’s biggest opposition
trade union has confirmed it is in
the process of disbanding and
expects to dissolve early next
month over concerns for
“members’ personal safety”.
Yesterday’s announcement by
the Confederation of Trade
Unions (CTU) came a day after its
chief executive Mung Siu-tat
revealed he had already resigned
and left the city because of
“imminent political risks and
safety concerns”.
“Over the past one to two
weeks, our members have received more messages,” chairman Joe Wong Nai-yuen said.
“We felt that the continued operation of the CTU could bring risks
to members’ personal safety.
When our existence itself is
already an original sin, even with
the resignation of our leaders, it
would not make a difference.”
He did not say who the messages came from or what they
were about.
Speaking at a press conference
at the confederation’s offices in
Yau Ma Tei, an emotional Wong
said that after thorough discussions and “considering the risks
and costs of continuing to run the
CTU”, the union’s executive committee members had agreed to
begin the process to fold during a
meeting on Thursday.
A resolution to that effect was
expected to be put forward at an
extraordinary general meeting on
October 3, with four-fifths of votes
from participating affiliated
unions needing to be in favour for
the group to officially dissolve.
“I also hope to apologise to our
affiliated unions, as well as all
Hongkongers, as we, the CTU, can
no longer hold on and march forward,” Wong said.
He added that most of the confederation’s executive committee
members, of which there were
about 20, had resigned. Only he,
vice-chairman Leo Tang Kin-wa,
and treasurer Chung Chung-fai
had remained to handle the
disbandment.
Formed 31 years ago, the CTU
is one of several opposition and
activist groups targeted by authorities since the Beijing-imposed
national security law came into
effect in June last year.
Pro-Beijing media accused the
group of “colluding with foreign
forces” during the anti-government protests of 2019, when it
advocated general strikes and
encouraged workers to set up new
trade unions to seek greater
democracy.
It was an accusation the confederation refuted, pointing out
that links with international
labour unions was “legal” and
normal practice.
Several groups with which the
CTU has links, including the city’s
biggest educators body, the Professional Teachers’ Union, as well
as the Civil Human Rights Front,
an umbrella group behind some
of the city’s largest protests, had
already decided to fold under
pressure from authorities.
On Saturday, Police Commissioner Raymond Siu Chak-yee
said the force would “definitely
follow up on illegal acts or national security violations by any
groups” when asked whether the
CTU was being investigated.
The group, which represented
more than 80 affiliates and
around 140,000 members as of
last month, was co-founded by
former opposition lawmaker Lee
Cheuk-yan in 1990, and was influential in past labour movements,
such as the 2013 strike by dock
workers which lasted for 40 days.
Lee was sentenced to 14
months in jail in April over an unauthorised assembly, and earlier
this month was charged with
inciting subversion in relation to
the annual vigil commemorating
the 1989 Tiananmen Square
crackdown.
CTU Chairman Joe Wong (hands
joined) at the press conference.
Former CTU chairwoman
Carol Ng Man-yee was among 47
opposition activists charged with
subversion earlier this year in relation to an unofficial primary election in July 2020.
Separately, the CTU also confirmed it would gradually stop
running around 200 training
courses at its 15 centres, affecting
about 1,000 people. Labour and
welfare minister Law Chi-kwong
previously said the government
was looking for ways to minimise
the effect by possibly seeking help
from other groups.
Lam Kam-piu, chairman of
the 500-member New World First
Bus Company Staff Union, an affiliate of the CTU, said he regretted
the confederation’s plan, but
understood the reasons for doing
so. “It is also a pity that our government isn’t tolerant enough,” he
said, adding his union had not yet
decided whether it would vote in
favour of disbanding.
Lam also said the CTU’s many
training courses had helped
workers switch careers upon
retirement.
> HOPING FOR ORDERLY END A3
TAXATION
Tax crackdown looms for China’s celebrities and online influencers
Liu Zhen
zhen.liu@scmp.com
China is set to conduct regular tax
investigations into its top
entertainers, including online
influencers, promising serious
punishment for offenders amid a
deepening crackdown on the
entertainment industry and the
lucrative culture of fandom.
High-income celebrities who
self-report offences by the end of
the year, however, may receive
reduced penalties or exemptions,
the country’s taxation authorities
SUBSCRIPTION COPY
ONLY – NOT FOR SALE
said when announcing the plans
for greater scrutiny.
The threatened inspections
would be “double random” with
both the subjects of the investigation and the inspectors assigned
to be randomly selected and
matched with each other, a State
Taxation Administration (STA)
notice announced yesterday.
The details and results from
the investigation would be disclosed to the public in a timely and
transparent way, it added.
High-income stars should
“take the initiative to report and
rectify their tax-related flaws” by
the end of the year, the STA’s
statement said.
Those who complied may
benefit from reduced penalties or
be exempted from punishment
for their offences, whereas those
who failed to do so would be subject to the full range of penalties by
state administrative departments
and industry associations.
“Those whose offences are
serious shall be investigated and
punished seriously according to
the law,” the STA said.
Under Chinese law, anyone
failing to pay overdue taxes or any
resulting fines within the deadline
requested by the tax authorities
faces criminal charges.
The STA announcement
comes as the Communist Party
steps up regulation of China’s
entertainment industry following
a series of major scandals, including massive tax offences.
Last month, Shanghai tax
authorities found actress Zheng
Shuang guilty of failing to declare
191 million yuan (HK$230 million) in income, and owing 72 million yuan in evaded and underpaid taxes for the 2019-2020 year.
She was billed 299 million yuan in
overdue payment and fines.
Although Zheng’s tax evasion
and penalties were not as much as
that of actress Fan Bingbing, who
clocked up 248 million yuan in
unpaid taxes and was handed an
¥229m
Actress Zheng Shuang was
ordered to pay this amount in
overdue payments and fines
after she was found guilty of
tax evasion
884 million yuan bill three years
ago, the public was again stunned
by the massive figures that reflected a widening wealth gap and demanded the government enforce
restrictions on celebrities.
The STA said it would analyse
the industry based on 2020 tax
payments to identify some “highrisk” artists, entertainers and
internet influencers, to whom
they would provide “one-on-one”
notification as well as supervision
and correction.
“We will severely punish taxation officers who abuse their authority to facilitate cheats,” it said,
while calling for stronger day-today tax management in the entertainment industry.
Internet influencers and their
management companies have
become a focus for the tax inspectors as the burgeoning industry in
China has already created some of
the country’s richest people.
Live-streaming celebrity
Huang Wei, professionally known
as Viya, has an estimated net
worth of more than HK$233 million, while “Lipstick King” Li Jiaqi
was estimated to be worth between HK$7.78 million and
HK$39 million as of last year.
PUBLISHED SINCE 1903 / VOLUME 77 / NO 261 SEE LIVE UPDATES AT WWW.SCMP.COM
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A2
Day by Day
MONDAY, SEPTEMBER 20, 2021
POSTS FROM THE PAST
WHO SAID IT
2016
Any politician who would
want to play a role would
want a seat in parliament
FORMER MALAYSIAN PRIME MINISTER
NAJIB RAZAK DOES NOT RULE OUT
SEEKING RE-ELECTION DESPITE A
CORRUPTION CONVICTION THAT
WOULD BLOCK HIM FROM RUNNING
> ASIA A8
Finance minister John Tsang Chun-wah distances himself from a
public housing estate at the centre of a political storm after Chief
Executive Leung Chun-ying brings his name into the controversy.
While they do not take directly contradictory positions, their
confusing statements are widely seen as evidence of a rift between
the two potential rivals for the city’s top job in a coming election.
2011
VIEWPOINT
Should this ban be
maintained, it would
constitute a ... violation
of the fundamental right
to education for girls
and women
A boy watches a katydid in a cage in Beijing yesterday. It has been a tradition for more than 2,000 years to keep katydids – previously known
as long-horned grasshoppers or bush crickets – in cages and listen to them “sing”. Photo: Simon Song
Only Beijing can solve HK’s housing crisis
MY TAKE
A mainland farmer is the first person to be jailed for burning the
national flag in Hong Kong. Zhu Rongchang, 74, from Jiangxi, is
given a three-week sentence for desecrating the flag in Golden
Bauhinia Square. The offence carries a maximum penalty of three
years’ imprisonment. His lawyer Newman Lam told Eastern
Court that Zhu has a different concept of freedom of speech.
Alex Lo
alex.lo@scmp.com
The government and the property
giants may not be in collusion, but
they certainly have compatible
incentives. The rapid expansion of
the property market for small flats
and even worse, the so-called nano
flats, is a case in point.
There have been reports that
local property bosses were recently
tossed into a meeting with the big
honchos from the north to tell them
to fall in line. This means
contributing more to society by
helping to resolve the perennial
problem of a housing shortage in
Hong Kong.
Of course, they have been told
about that many times before.
Unless Beijing has actually
threatened to crack down on the
local property giants the way it has
done with Big Tech and the private
tutorial empires on the mainland,
it’s nothing new.
A new study produced by the
research office of the Legislative
Council makes for fascinating
reading about the nano-flat
phenomenon. Defined as new flats
with a saleable area of less than 215
sq ft, the city saw a 61-fold increase
in the completion of such flats from
2010 to 2020. Actually, there were
barely any such new flats sold before
2012.
“Small” flats, defined as those as
less than 430 sq ft, accounted for up
to about 44 per cent of the annual
completion of private residential
units during the 2018-2020 period.
Last year, there were 8,400-plus
small flats, of which about 10 per
cent were nano flats.
Property developers make the
same or even more money when
they sell whole blocks of nano flats
because square foot for square foot,
such a flat is not cheaper and may
WEATHER
UNESCO DIRECTOR GENERAL AUDREY
AZOULAY ON THE TALIBAN DECISION TO
LET ONLY BOYS RETURN TO SCHOOL
IN AFGHANISTAN
> WORLD A9
even be more expensive than largersized units in the same or
comparable neighbourhoods.
Meanwhile, the government can
claim more flats are being released
annually and that it is actively
tackling the problem of home
supply. People can expect more tiny
flats flooding the market in the
future, unless there is legislation,
most unlikely, putting a limit to the
ever shrinking sizes.
And please don’t tell me that now
the opposition has been neutered,
there is no one to monitor the
government and tycoons. Those
“pan-democratic” old-timers were
even friendlier with the tycoons
than the government. Remember
during the 2019 unrest, the rioters
never targeted their business
interests, even though they were
everywhere across the city.
Unless Beijing cracks the whip,
there really is no solution to the
housing crisis.
We were advised this was
a specific and credible
threat against the team
NEW ZEALAND CRICKET CHIEF DAVID
WHITE ON WHY THE NATIONAL SIDE
ABANDONED ITS TOUR OF PAKISTAN
> SPORT B17
Information as of 10pm HK yesterday
Today's Hong Kong
forecast
Changchun
Urumqi
14/19/r
Hohhot
20/28/c
Tianjin
Qingdao
PoP 60%
RH% 70-95
MAX UV INDEX
32
Chengdu
Lhasa
17/30/f
8/19/f
MIN
Chongqing
28
18/29/f
10
Wuhan
19/29/f
16/25/r
Hanoi
GENERAL SITUATION
24/34/t
An anticyclone aloft will bring
mainly fine weather to southern
China today and tomorrow. A
fresh easterly airstream will
reach the coast of Guangdong
on Wednesday. It will be slightly
cooler with a few showers over
the region in the middle and
latter parts of this week.
18/27/f Sunny periods
Seoul
and a few
showers.
19/28/f
Shanghai
Osaka
25/31/r
22/30/b
Hangzhou
Vientiane
Macau
Haikou 26/32/b
Wind: E force 2 to
3.
Wednesday
40
MAX
Kaohsiung
35
27/31/c
31
30
15
Manila
Bangkok
24/30/t
25/32/t
Ho Chi Minh City
24/31/t
10
Shown are
today’s min/max
temperatures
and weather for
indicated cities.
5
0
-5
-10
-15
Station
Health Risk
Low to Moderate
Low to Moderate
3
4
3
3
3
3
3
3
3
3
Low
Moderate
Low
Low
Low
Low
Low
Low
Low
Low
AQHI Health Risk
3
3
4
TIDES TODAY
SUN & MOON
1.2m
2.4m
0.7m
1.9m
02:03
08:36
15:17
22:10
Wind: E force 3 to
4, force 5 offshore
later at times.
Low
Low
Moderate
Sunrise
Sunset
Moonrise
Moonset
06:11
18:22
18:13
05:17
WEATHER SYSTEMS
Rain:
0.5-10mm
>10mm
MAX
30
MIN
For more details, please visit www.hko.gov.hk/en/wxinfo/worldwx
OCEANIA
City
Causeway Bay
Central
Mong Kok
Low
High
Low
High
THE WORLD TODAY
AQHI Health Risk Almaty
Roadside
PoP 60%
RH% 75-95
Weather(W): f-fine, b-bright, sh-showers, c-cloudy, o-overcast, t-thunderstorms, r-rain, w-windy,
d-dry, we-wet, fo-fog, m-mist, h-haze, sm-smoke, sn-snow, hl-hail, ss-sandstorm
ASIA
AIR QUALITY HEALTH
INDEX YESTERDAY
Central/Western
Eastern
Kwai Chung
Kwun Tong
Sha Tin
Sham Shui Po
Tai Po
Tsuen Wan
Tung Chung
Yuen Long
Sunny intervals
and a few
showers.
Thursday
FORECAST TODAY
General
27
20
POLLUTION
General
Roadside
MIN
25
26/33/t
24/33/t
PoP 60%
RH% 70-95
Naha
23/31/r
Changsha
27
Tokyo
24/31/f
21/29/c Fuzhou
26/37/c Taipei
Guangzhou Hong Kong 25/31/c
25/34/t
Kunming
Wind: E force 2 to 3.
22/24/r
MIN
16/20/r
16/21/r
Xian
17/29/f
MAX
MAX
32
Shenyang
16/22/r
Xining
Sunny periods and a few
showers.
Sapporo
13/23/f
Beijing
13/22/r
4/20/f
Weather
forecast
Tomorrow
Bali
Bandar Seri Begawan
Busan
Cebu
Chiang Mai
Colombo
Fukuoka
Jakarta
Karachi
Kuala Lumpur
Mumbai
Nagoya
New Delhi
Penang
Phnom Penh
Phuket
Sendai
Singapore
Yangon
EUROPE
City
Amsterdam
Athens
Barcelona
Berlin
Brussels
Dublin
Helsinki
Istanbul
Lisbon
London
Madrid
Milan
Moscow
Oslo
Paris
Rome
Stockholm
Warsaw
Zurich
Min Max City
Min Max
Showers
14
9
24 Adelaide
14
Showers
25
32 Auckland
10
17
Showers
24
30 Brisbane
15
29
Bright
20
20
27 Cairns
29
Showers
24
30 Canberra
6
16
Showers
24
33 Christchurch
6
17
Showers
26
9
31 Melbourne
13
Fine
21
9
31 Perth
24
Showers
26
34 Suva
23
29
Windy
27
35 Sydney
13
27
Fine
25
10
34 Wellington
16
26
31
23
29 THE AMERICAS
27
35 City
Min Max
23
32 Boston
Fine
13
22
24
33 Buenos Aires
Drizzle
14
22
25
34 Caracas
Thunder
20
27
17
25 Chicago
Showers
21
27
25
34 Detroit
Showers
16
28
23
32 Houston
Thunder
24
32
Las Vegas
Fine
20
32
Min Max Los Angeles
Fine
16
30
Thunder
14
23
Bright
17 Mexico City
10
Thunder
26
Fine
31
36 Miami
22
Fine
Rain
18
24 New York
24
17
Cloudy
Fine
15 Rio de Janeiro
8
20
35
Bright
Fine
19 San Francisco
11
13
24
Cloudy
19 Seattle
12
Bright
12
19
Cloudy
9 Toronto
5
Bright
15
25
Bright
29 Vancouver
19
Bright
11
17
Fine
26 Washington
17
Fine
17
27
Cloudy
20
14
Fine
22 MIDDLE EAST & AFRICA
13
Min Max
Rain
22 City
11
Bright
22
36
Rain
6 Cairo
4
Sand
31
Cloudy
41
12 Doha
9
Fine
Showers
28
41
21 Dubai
14
Johannesburg
Fine
Cloudy
12
26
26
19
Rain
Bright
11 Lagos
24
30
6
Fine
Fine
11 Muscat
8
28
34
Drizzle
Fine
15 Tel Aviv
10
23
30
Meteorological Information provided by Hong Kong Observatory
Bright
Rain
Thunder
Cloudy
Thunder
Thunder
Showers
Fine
Cloudy
Wet
Bright
Rain
Fine
Cloudy
Thunder
Showers
Thunder
Fine
Windy
Showers
www.hko.gov.hk
Copyright & Disclaimer: www.hko.gov.hk/metinfo/notice.html
AQHI & pollution forecast provided by Environmental Protection Department
26
Mainly cloudy
with a few
showers.
PoP 60%
RH% 80-95
Wind: E force 4,
occasionally force
5 offshore.
Friday
MAX
30
MIN
26
Mainly cloudy
with a few
showers.
PoP 60%
RH% 80-95
Wind: E force 4 to
5.
Saturday
MAX
32
MIN
27
Sunny intervals
and a few
showers.
PoP 60%
RH% 75-90
Wind: E force 4,
force 5 offshore at
times at first.
PoP
Probability of precipitation
Details:
www.weather.gov.hk/PoP
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Monday, September 20, 2021
LEADING THE NEWS
DEFENCE
A3
CROSS-STRAIT TENSIONS
PLA steps up drills for troops
based near border with India
Units in night battle exercises are being trained
to use new-generation weapons and equipment
Minnie Chan
minnie.chan@scmp.com
The Chinese military’s Western
Theatre Command has introduced more night drills for units
stationed near the Himalayan
border as it seeks to familiarise its
troops with new-generation
weapons and equipment.
Several forces in the Xinjiang
military district have been carrying out night battle drills at altitudes of around 5,000 metres,
according to the military newspaper PLA Daily.
“We have revised our schedules and demanded soldiers meet
higher standards for high-altitude
training as we need to deal with a
harsher battlefield environment
amid increasing challenges in the
peripheral areas,” Yang Yang, a
company commander, told the
newspaper.
Yang said his mechanised
force had been crossing the
snowy highlands without lights
and practising nighttime live-fire
machine gun drills.
The report said new Type
PHL-11 truck-mounted selfpropelled 122mm multiple system rocket launchers had been
deployed in the area and were
being used for precision strike
drills. Previously it was reported
that they had been deployed on
the Tibetan Plateau for live-fire
drills near the disputed border
with India.
Zhou Chenming, a researcher
from the Yuan Wang military
science and technology institute
in Beijing, said the self-propelled
mortars had a range of up to 50km
and could wipe out an artillery
emplacement within seconds.
“The replacement of weapon
systems and equipment in the
Western Theatre Command has
been accelerated in recent years,
thanks to tensions with India over
border disputes,” Zhou said.
The Western Theatre Command includes the Xinjiang and
Tibet military districts and is responsible for the border security
along the contested frontier with
India, which last year saw a prolonged stand-off between the two
militaries.
Song Zhongping, a former
People’s Liberation Army instructor, said almost all the old generation J-7 fighter jets in the Western
Military Command had been
replaced by the advanced J-16
multi-role strike fighter.
“All advanced weapons need
to be repeatedly tested through
The PLA wants to
use the weapon
upgrades to warn
their Indian
counterparts
RESEARCHER ZHOU CHENMING
regular drills, and pilots flying at
high altitudes need to cooperate
with land forces, special combat
troops and other units in the modern joint operation concept,”
Song said.
The military plans to replace
all of its 300 J-7s with around 200
J-16s by 2025, according to a
source close to the PLA.
The PLA started building highaltitude observation posts along
the Himalayan border after the
2017 stand-off with India on the
Doklam Plateau.
New technologies developed
by private firms have also been
deployed at high altitudes to help
troops deal with the hostile
environment. They include
transporters to deliver rations,
ammunition and fuel, as well as
shelters, drones and medical
equipment, reports by state
broadcaster China Central
Television said.
Earlier reports said drones
from a Shenzhen company had
been sent to support the PLA’s
surveillance of “illegal activities by
the foreign force” in Galwan
Valley, where 20 Indian troops
and four Chinese soldiers died in a
clash last June. The drones also
help the PLA’s medical teams who
tend to the wounded, and help deliver food to troops, according to a
social media post by the drone
company Shenzhen Keweitai
Enterprise Development Corp.
“The PLA wants to use the
weapon upgrades to warn their
Indian counterparts, reminding
India that the Chinese military has
a certain advantage over India in
weapons technology with the aim
of preventing any more conflict,”
Zhou said.
EDUCATION
One of the new subject’s key themes is Hong Kong under “one country, two systems”. Photo: Winson Wong
Teachers for subject replacing liberal
studies to touch on protests for lessons
Chan Ho-him
thomas.chan@scmp.com
Hong Kong schools have begun
teaching “citizenship and social
development” in place of the
controversial liberal studies
subject, with some teachers
saying they will draw on the city’s
anti-government protests in 2019
during lessons.
Education authorities earlier
said current affairs should be
avoided, but teachers told the Post
the social unrest and the city’s first
national security court case
presented good examples of the
need to follow the law.
The new subject is being
taught to senior secondary
students in Form Four from this
month, the start of the new school
year. But teachers expressed concern that students might not pay
as much attention as they did to
the old liberal studies curriculum.
They pointed out that aside
from the new name and overhauled course content, the new
subject will figure less in the university entrance examination, as
students will receive only a pass or
fail grade. Only half as many
teaching hours will be spent on
the new course compared with
liberal studies.
The Education Bureau unveiled the sweeping changes
earlier this year after some proBeijing heavyweights blamed
liberal studies for radicalising
young people during the 2019
protests and argued some teaching materials were biased.
Liberal studies was introduced
at the upper secondary level in
2009 and was meant to develop
students’ social awareness and
critical thinking skills.
The new subject focuses on
national security and identity, as
well as lawfulness and patriotism.
It has three key themes – Hong
Kong under “one country, two
systems”, China’s reform and
opening-up, and the interconnectedness and interdependence
of the contemporary world.
“One objective of the new
subject is clearly to strengthen national identity among students,
just like many countries have their
own national education courses,”
said liberal studies teacher Hung
Tak-ming, who is assistant principal at HKTA Ching Chung Secondary School in Kwun Tong.
The Post observed one of his
first citizenship and social development lessons for Form Four
pupils, during which he asked
them to write down whether they
preferred living in the city or on
the mainland, and their reasons.
Hung then asked several to
share their answers. Most said
they preferred living in the city,
noting they were more familiar
with it and enjoyed better welfare
support.
One objective of
the new subject
is clearly to
strengthen
national identity
among students
TEACHER HUNG TAK-MING
He used the 30-minute lesson
to discuss the different systems in
Hong Kong and on the mainland –
including in terms of their courts,
societies, cultures and approaches to freedom of speech – and also
explained the one country, two
systems principle of governance.
Hung said future lessons
might touch on the 2019 protests
to highlight the importance of
abiding by the law, noting how the
unrest became increasingly
violent.
In guidelines for the new subject, education officials discouraged schools from touching on
“newly emerging current events
and issues” during class discussions, saying these were usually
“very controversial, and may lack
comprehensive, objective and
reliable information”.
Hung said the social unrest
might have been a “newly emerging current event” two years ago
but not now, and he would not
avoid discussing it in class.
Another change under the
overhaul is that all textbooks for
the subject must be vetted by the
government. But as the changes
were rolled out in a matter of
months, publishers have yet to
supply schools with new ones.
Instead, officials have
provided schools with 12 sets of
slide presentations on the
subject’s main themes.
A survey last month by a policy
research think tank that polled
900 secondary school students
found most were largely uninterested in the two key themes on
one country, two systems and
China’s reform and opening-up.
Many of the nearly 100 teachers surveyed found it difficult to
teach the subject without a detailed curriculum or textbooks.
At Pui Kiu Middle School in
North Point, teacher Eddie Ting
Kong-ho said he had drafted several sets of teaching materials over
the past two months for the new
subject. He found the bureau’s official teaching materials were rich
in content but lacked examples,
so he compiled photos and news
excerpts to flesh out topics such as
lawfulness and national security.
The school’s materials include
examples from the 2019 protests
and the first national security law
case involving Leon Tong Yingkit, 24, who was sentenced to nine
years in jail for riding his motorcycle into a group of police officers
last year while flying a flag calling
for Hong Kong’s liberation.
Ting said the case showed the
importance of national security.
He added he hoped students
would apply themselves even
though the subject had only a pass
or fail grade. “We will try to think of
more activities and interactions
during our lessons to try to trigger
their interest,” he said.
Wax apples from Taiwan on sale at Yau Ma Tei Wholesale Fruit Market yesterday. Most supplies are exported to the mainland. Photo: Dickson Lee
BEIJING PUTS SQUEEZE ON
TAIPEI WITH FRUIT BAN
Customs administration says pests have been found in imported apples ‘on
multiple occasions’, but island complains that no proof has been provided
Amanda Lee
amanda.lee@scmp.com
Beijing has banned imports of
sugar apples and wax apples from
Taiwan starting today, citing
biosafety fears over plant pests.
It follows a similar measure
earlier this year to block pineapples amid cross-strait tensions.
The General Administration of
Customs on the mainland said in
a notice that Planococcus minor, a
bug that feeds on crops and
plants, had been found on sugar
and wax apples from Taiwan “on
multiple occasions” this year.
Taiwan’s agriculture minister,
Chen Chi-chung, said mainland
customs informed Taipei of the
ban yesterday morning without
any “scientific proof”. He complained the ban did not “comply
with international rules”.
“When they banned our pineapples six months ago, we predicted the same would happen
again,” Chen told a press conference. “We still haven’t heard anything on the [evidence for
banning] our pineapples. We cannot accept this.”
The ban is significant for
Taiwan’s fruit exports. According
to data from the Council of
Agriculture, more than 90 per cent
of the apples were exported to the
mainland last year.
Chen said the Taiwanese authorities would spend up to
NT$1 billion (HK$280 million) to
help protect farmers’ earnings by
finding overseas buyers and expanding domestic sales channels.
He added that if mainland customs did not respond to Taiwan’s
request for further evidence, the
ministry would file a formal complaint with the World Trade Organization, as Australia had done
over China’s wine duties.
The mainland is Taiwan’s biggest export destination for agricultural products, importing
more than US$1 billion worth of
farm goods last year, according to
data from the Council of Agriculture. Fresh and chilled fruits made
up 3.7 per cent in terms of overall
value for agricultural exports.
Adam Ni, a researcher at the
Australian National University
and co-editor of China Neican,
said the latest fruit ban conformed
to a pattern of Beijing increasingly
using economic tools as well as
diplomatic and military measures
to pile the pressure on Taiwan.
“Broadly, it just highlights how
tense the situation has got,” Ni
said. “Both because of cross-strait
relations and, most significantly
in the context of the region, US
and China relations.”
Beijing regards Taiwan as a
breakaway province that must be
reunited with the mainland and
has not renounced the use of force
to do so. Recently it warned the
United States not to allow Taipei
to change the name of its diplomatic mission in Washington to
the Taiwan Representative Office.
Ni said the latest ban comes
after the announcement of a new
trilateral security pact between
the US, Britain and Australia, adding: “Taiwan is already a sticking
point in US-China relations.”
China called the pact, known
as Aukus, “extremely irresponsible” and “narrow-minded”.
A day after it was announced,
Beijing said it would apply to join
the Comprehensive and Progressive Agreement for Trans-Pacific
Partnership (CPTPP), a move analysts attributed to mainland efforts to cultivate relationships
with other countries.
“Trying to join the CPTPP is a
way to increase its economic influence and interaction with these
countries as a part of its geopolitical strategy of economic development, investment and network
building in the region,” Ni said.
The key Asia-Pacific trade pact
was created by the US to counter
China‘s influence, but Donald
Trump pulled the US out of it in
2017 when he was president.
Scott Kennedy, senior adviser
and trustee chair in Chinese business and economics at the Centre
for Strategic and International
Studies in Washington, said
China’s chance of being part of
the CPTPP within the next three
years was “somewhere between
slim and none”.
“Beyond that, it will depend on
whether the US itself is able to
muster the courage to rejoin and
whether China decides to return
to a path of domestic liberalisation and reform and international integration and cooperation.”
POLITICS
CTU pins hope on an orderly wind-up
Cannix Yau, Chan Ho-him
and Nadia Lam
Hong Kong’s most influential
opposition trade union will
instruct its auditor to appraise its
assets as part of the organisation’s
winding up.
Announcing the disbandment
of the Confederation of Trade
Unions (CTU) yesterday, chairman Joe Wong Nai-yuen did not
give an estimate for the overall
worth of the assets but said it
hoped to donate some of them to
other labour unions.
“We hope that would be able
to help workers to get more assistance when they face [unfairness]
in the future,” Wong said.
The CTU is one of the city’s two
leading labour unions, representing more than 80 affiliates and
counting about 140,000 members
as of last month, although it is
dwarfed in size by the pro-establishment Hong Kong Federation
of Trade Unions (FTU), which has
about three times as many affiliates and members.
The CTU has 15 training centres and is an appointed service
provider for the Employees Retraining Board (ERB), a statutory
body. About 1,000 people are currently enrolled in around 200
training courses, according to
Marilyn Tang Yin-lee, executive
director of the confederation’s
training centre.
Tang said closing the training
centres was “difficult and saddening” and apologised to all those affected, including about 140 staff.
“The impact is significant. We
are really sorry and we do hope
that there will be suitable arrangements to minimise the problems
caused to those enrolled in our
courses,” Tang said.
“With our training centres
stopping operations, it will be a
loss for all Hongkongers.”
The centres ceased recruiting
new students on Friday and
dozens of short-term courses
were expected to be completed by
the end of October, she added.
For those on a waiting list, the
confederation was in talks with
the Employees Retaining Board to
find alternatives for them.
Secretary for Labour and Welfare Law Chi-kwong yesterday
said his bureau hoped to speed up
the completion of the training
classes, while possibly seeking the
help of other groups to take over
courses that might extend beyond
the body’s dissolution. “They
have provided a lot of training
classes for our ERB. Therefore, our
priority is to ensure the attendees
are not affected,” Law said.
The CTU earned the respect of
many residents over the decades
through actions such as a dock
workers’ strike that lasted 40 days
in 2013. But by later diverting into
political activism, the union lost
its focus and fell into Beijing’s
cross hairs, analysts have said.
While authorities have been
warning opposition unions for
months they could face deregistering, the pro-Beijing Wen Wei Po
newspaper accused the CTU of
pocketing money from the Solidarity Centre based in the United
States via the National Endowment for Democracy (NED) and
accused it of “colluding with foreign forces”.
The NED is funded largely by
the US Congress, while China has
claimed the NGO is an offshoot of
the Central Intelligence Agency, a
claim the NED has denied.
Wong rejected the claims, saying its collaboration with the Solidarity Centre had ended by July of
last year and was entirely related
to labour and collective bargaining rights, as well as training for
union leaders, and “did not involve any political activities”.
Chung Kim-wah, deputy chief
executive officer of the Hong Kong
Public Opinion Research Institute, said the CTU had been a courageous defender of workers’
interests. For him, its most memorable movement was the dockers’ strike, which resulted in a 9.8
per cent pay rise for workers.
“In the end, the whole movement ended in a good way with
the workers getting higher pay
and better welfare such as a longer
lunchtime,” he said.
Lau Siu-kai, vice-chairman of
the semi-official Chinese Association of Hong Kong and Macau
Studies think tank, said the dock
strike had taken “an overly aggres-
Dock workers on strike at Kwai Chung in 2013. Photo: Edward Wong
sive approach” in fighting for labour rights. “It has never narrowly
focused on workers’ rights. It has
hoped to push for social reforms
through labour movements.”
The organisation became increasingly involved in political activism directed against the
government and Beijing, especially its high-profile participation
in the 2019 protests, Lau said.
“This has diverted from the
group’s mission and placed it in
an antagonistic position against
Beijing,” he said.
The CTU, co-founded in 1990
by veteran labour leader Lee
Cheuk-yan, is a coalition of independent and politically unaffiliated union organisations. It has a
long history of aligning itself with
the city’s opposition, being a
member the Hong Kong Alliance
in Support of Patriotic Democratic Movements of China, the
group that organises the annual
vigil commemorating the 1989
Tiananmen Square crackdown
and which is also disbanding.
During the 2019 protests, the
confederation encouraged workers sympathetic with the movement’s wider demands to set up
new trade unions to bolster the
opposition movement, often
using worker strikes as a tactic.
Lawmaker Michael Luk
Chung-hung, of the FTU, said
labour rights could not be separated from politics but accused
the CTU of acting against workers’
interests. “The most obvious
example is the citywide strikes organised by CTU in 2019 amid the
social unrest,” he said. “The CTU
shouldn’t have advocated blocking roads to prevent workers from
going to work. This was acting
against their interests.”
Although the FTU did not see
eye to eye with its rival, they did
align their positions over the ultimately successful fight for a minimum wage in 2010, Luk said.
A4
Monday, September 20, 2021
FOCUS
New political actor arrives
Some say the Election Committee should be given new roles,
such as monitoring local government and the legislature, after
the first vote under Beijing’s overhaul of the political system
Gary Cheung
gary.cheung@scmp.com
Hong Kong’s first Election
Committee with newly amassed
powers was formally created
hours after a landmark election
ended yesterday. The conclusion
of Hong Kong’s first electoral race
under a Beijing-decreed overhaul
set the city on an unprecedented
path of living with a powerful, new
committee that could reshape the
political landscape.
Apart from choosing the next
chief executive and lawmakers,
the 1,500-strong committee may
take up new roles such as monitoring the city government and
offering policy proposals, analysts
and a pro-Beijing heavyweight
told the Post.
Before Beijing’s radical
revamp of the city’s electoral
system, the Election Committee
was largely a dormant body. It
stirred to life with a race to select
its members around December of
the year before the chief executive
election was due. About three
months later, around March, it
would convene to select the city’s
leader in a keenly watched poll.
That was the sum of its role.
Now, the committee, which
has expanded by 300 seats to further cement the pro-establishment camp’s dominance in the
body, has newly enhanced
powers to nominate all aspiring
lawmakers and send 40 representatives of its own choosing, some
or all of whom can be from within
its own ranks, to the enlarged
90-seat Legislative Council.
Tian Feilong, an associate professor at Beihang University’s law
school in Beijing, said he expected
the committee to take up more
functions in governance on top of
what was stipulated in the resolution endorsed by the National
People’s Congress (NPC), China’s
parliament, in March.
The central and Hong
Kong governments should
also canvass the views of
committee members on
various policy issues
TIAN FEILONG, BEIHANG UNIVERSITY
“No institution is more representative than the Election Committee. It should be given new
roles like monitoring the Hong
Kong government and Legco, as it
is tasked to ensure the principle of
‘patriots governing Hong Kong’,”
he said in an interview with the
Post.
“The central and Hong Kong
governments should also canvass
the views of committee members
on various policy issues.”
The mainland legal expert justified his argument for a bigger
role for the committee by pointing
to the newly amended Annex 1 of
the Basic Law, Hong Kong’s miniconstitution. The section stipulates that the committee will be
led by a chief convenor holding an
“office of state leadership”, who
will be responsible for running
meetings when necessary and
handling “relevant matters”.
Only two Hong Kong leaders
with this status are eligible. The
chief convenor is expected to be
either Tung Chee-hwa or Leung
Chun-ying, former chief executives who now serve as vice-chairmen of the Chinese People’s
Political Consultative Conference, the nation’s top advisory
body. The chief convenor is responsible for assigning “a number
of convenors” for the five sectors
of the Election Committee.
“Whether the committee
should set up permanent offices
or hold meetings on a regular
basis are issues worth exploring,”
Tian said, adding that he did not
see any conflict with the Basic Law
if the committee took up the role
of monitoring the Hong Kong
government. “Granting more
powers to the Election Committee would ensure a better implementation of the ‘one country,
two systems’ formula,” he said.
There is a need to set up a regular communication mechanism
between the committee and the
Hong Kong government, according to Tian. He said he had exchanged his views on expanding
the powers of the committee with
mainland officials who were also
studying the matter.
In March, at the height of debate on the electoral changes, city
leader Carrie Lam Cheng Yuetngor stressed the chief convenor
would not be involved in governance, dismissing speculation
her own authority as chief executive could be undermined.
Tam Yiu-chung, Hong Kong’s
sole delegate to the NPC Standing
Committee, China’s top legislative body, revealed that the chief
convenor would be appointed
after yesterday’s poll, without
setting a time frame.
Tam said he had not heard that
the Election Committee would be
tasked with additional responsibilities beyond what was already
set out. “But I can’t say definitely if
it would not do so in future,” he
said. “I’m pretty sure the central
government has raised its expectations of committee members,
urging them to connect with
members of the public and explain the revamped system.”
Chinese University political
scientist Ivan Choy Chi-keung
said he doubted if the committee
– made up of like-minded members – would be an effective mechanism to monitor the
government.
“When it comes to monitoring
the city government, a more effective body to do the job would be
Beijing’s liaison office in Hong
Kong,” he said. “There is already
talk of the liaison office playing the
role of party committees in mainland cities and provinces.”
Still, Choy said he expected
Hong Kong members of national
associations, such as the AllChina Youth Federation and the
All-China Women’s Federation,
would want to be more active in
the governing of the city.
Ray Yep Kin-man, a political
scientist at City University, said
the newly amended Annex 1
could pave the way for the Election Committee to play a bigger
role in the city’s governance.
“Some committee members
are tempted to take up the role of
monitoring the government,” he
said. “But it could create a second
power centre if the committee is
given such a role. It could be a nuisance for the city government.”
Yep said while committee
members were politically reliable,
City wraps
up its first
‘patriots
only’ poll
Beijing might not be happy with
the competence or commitment
of some among them. “That’s why
the central government ordered
those who were returned unopposed to better connect with the
public, in the hope of raising the
legitimacy of the revamped electoral system,” he said.
While Tam said he was not certain whether the committee
would be given new roles like
monitoring the city government,
he believed its members could
form a welcome pool of talent for
the government. “All committee
members are patriots coming
from various sectors of the community. The government could
identify some committee members for advisory bodies,” he said.
A mainland expert familiar
with Hong Kong affairs, who
spoke on condition of anonymity,
agreed the committee could form
a talent pool for the government.
Wong Kwan-yu, a local deputy
to the NPC and an ex officio Election Committee member, said it
was to be expected for the reformed Election Committee,
> CONTINUED FROM A1
Above: A polling station in Wan Chai. Below: Police maintained a highly visible presence at
polling stations, including this one at Kowloon Park Sports Centre. Bottom: Ballot boxes
being removed after voting closed. Photos: Felix Wong, Winson Wong, Sam Tsang
The committee
will not become
another power
centre. It is not
an operational
agency
WONG KWAN-YU, NPC MEMBER
given its scale and membership,
to take up more roles in the future.
But there was no need to be overly
alarmed, he argued.
“The committee will not become another power centre. It is
not an operational agency as
such, and it is formed to elect
some Legco members or elect the
chief executive. Members are not
expected to manage the day-today operation of Legco or the government,” he said.
“Having said that, it will not be
unusual if the Election Committee has to step up communication
with Legco or the chief executive.
It will choose 40 Legco members
and as their voters, members may
expect lawmakers to have more
dialogue with the committee.”
Wong also said he believed it
would not be too controversial if
the chief executive were to consult
committee members before important policy decisions were
made, such as ahead of the annual
policy address.
“I don’t see it as intervention,
It’s an overstatement to say the
Election Committee will become
a new power centre,” Wong said.
Others pointed to the “presence” of the Election Committee
in Legco. Ex officio Election Committee member and pro-establishment legislator Paul Tse Waichun said: “It’s certain the
expanded Election Committee
will become more influential in
the future under the electoral
shake-up. But it is too early to say it
can replace Legco or become another superstructure that oversees Legco’s work.”
Tse also foresaw that in the
future, there would be the need to
find a way for Legco to communicate with the committee effectively. “We have 40 Legco
members coming from the Election Committee. The committee’s
role cannot be ignored,” Tse said.
Additional reporting by
Ng Kang-chung
candidates competed for 364
seats in 13 of the 40 subsectors,
meaning 4,889 voters were eligible to vote for contested seats at
five polling stations in Wan Chai,
Tsim Sha Tsui, Sha Tin, Tsuen
Wan and Tuen Mun.
Among the 4,889 voters, there
were 1,940 individual voters in the
area and district committees subsectors, with the remaining 2,949
being corporate voters representing various bodies and firms.
Opposition-friendly candidate Tik, founder of the centrist
Third Side party, said there was
still room for opposition candidates in the coming Legislative
Council elections if they were proactive in seizing opportunities.
“I know some pro-democracy
parties have pretty much given up
on these elections, but it doesn’t
have to be like that. Opposition
voices are still important in Hong
Kong,” he said after casting his
vote at Kowloon Park.
Polling was held amid tight
security with 6,000 police officers
deployed to maintain order.
Voting began at a very brisk
pace at 9am, as voters from the
four sectors of business, professional, and social and district bodies showed up at their respective
centres to cast their ballots, along
with scores of unregistered voters
who were later turned away. By
afternoon, three of the five
stations barely had anyone
turning up, as voter turnout
clocked record high figures for the
different sectors.
Among the voters was Chua
Hoi-wai, chief executive of the
Hong Kong Council of Social Service. He said given the electoral
changes, he could only soldier on
within the new framework but
treasured his chance to vote all the
same. “It’s rare to get a vote these
days, so it’s all the more important
to vote for someone I support,” he
said after voting at the Wan Chai
polling station set up in the Convention and Exhibition Centre.
After visiting the polling station in Sha Tin, Secretary for Constitutional and Mainland Affairs
Erick Tsang Kwok-wai dismissed
claims that the poll was a smallcircle election, insisting that the
fewer than 5,000 electors were a
“microcosm of society” and represented balanced participation
by the city’s 7.5 million residents.
Sha Tin resident Mr Wong,
who declined to give his full name,
said he was unaware of the vote
taking place just metres from a
playground where his children
were taking pictures with Snoopy
characters.
“I do not know what’s happening, and I am not interested in
knowing,” the 49-year-old said.
Baptist University political science professor Kenneth Chan Kalok, a former opposition
lawmaker, and some students
undertaking a project to observe
the elections had their identification checked outside the Kowloon
Park Sports Centre at about
3.30pm. “There always used to be
people observing elections in the
past, but not anymore,” Chan
said.
Additional reporting by Brian Wong
and Zoe Low
Opposition-friendly pair optimistic alternative views will be heard
Tik Chi-yuen, Francis Chau the only poll contestants not from pro-establishment ranks
Ng Kang-chung and Chris Lau
Two opposition-leaning candidates
running in the Election Committee
polls have expressed optimism that
alternative views will still be
represented under a new governance
system decreed by Beijing,
underscoring the importance of critical
voices.
Tik Chi-yuen and Francis Chau Yinming were the only two names not from
the pro-establishment ranks contesting
yesterday’s elections, as more than
4,000 voters cast ballots for members of
a powerful body that will select the city’s
next leader and nominate as well as
appoint lawmakers to the legislature.
At 11pm, votes for both candidates
had not been tallied.
Earlier, polling stations closed at
6pm, with the last count on the overall
turnout rate close to 90 per cent,
according to Electoral Affairs
Commission chairman Barnabas Fung
Wah.
Tik, who chairs the centrist party
Third Side, and Chau, an independent,
were among 23 candidates vying for 12
seats in the social welfare subsector of
the Election Committee, which saw a
turnout rate of 91.67 per cent at 5pm.
All eyes had been on the duo in a
contest widely seen as uncompetitive.
Tik and Chau had passed a tough
vetting process in August, part of the
political shake-up under Beijing to
ensure only “patriots” could enter the
race.
Francis Chau and Tik Chi-yuen
While pro-Beijing voices had
insisted the new Election Committee
was more representative with more
corporate rather than individual votes,
many accused authorities of stifling
dissent with the new rules.
Tik, 63, said he felt “rather
comfortable” about the race. “The
turnout rate has been unexpectedly
high. But the traditional wisdom that a
high turnout rate could benefit the pandemocrats may not hold this time,” he
said. “During our campaign, we were
given the impression that many voters
paid more attention to candidates’
professionalism rather than their
political background. Voters are also
more concerned about the
development of social services in Hong
Kong.”
On his chances, Tik said he
remained cautiously optimistic, adding
it was too early to discuss his party’s
plans for the coming Legislative Council
elections in December.
He declined to be drawn on the
question about the dearth of voices not
from within pro-establishment circles
under the reformed system.
“I think requiring candidates to love
the country is not a very special
condition. All Hong Kong people do
love the country and love Hong Kong,
including many of those in the pandemocratic camp. I would say
advocates of independence only
represent a very small minority of the
population,” Tik said.
He added he believed there would
still be room for opposition voices in the
governance structure.
Once a core member of the
Democratic Party, Tik quit the city’s
biggest opposition political group in
2015 and founded middle-of-the-road
Third Side, citing differences in party
strategies over the fight for greater
democracy. He was also a lawmaker in
the early 1990s before Hong Kong
returned to Chinese rule.
Speaking to the press earlier in the
day outside the polling station at
Kowloon Park Sports Centre, Tik said he
was optimistic about the role of the
opposition, and urged members to take
a more active part in “seizing
opportunities”.
“I know some pro-democracy
parties have pretty much given up on
these elections, but it does not have to
be like this. Opposition voices are still
important in Hong Kong,” he said.
“I still see a chance of us getting
elected, and I believe there is space for
non-establishment voices in Legco,” he
added.
Chau, meanwhile, acknowledged he
was aware chances of winning a seat
were slim, but added that he threw his
hat into the ring because he did not
believe in boycotting.
“It’s a little tricky in my situation
because apart from my experience in
the social welfare sector, I have also
done some district work, which may
lead others to think that I have a certain
political leaning,” he said.
The 60-year-old independent
became chairman of Sai Kung District
Council after his predecessor Chung
Kam-lun quit in May. Chung, formerly
with the localist party NeoDemocrats,
had been in custody for his involvement
in an unofficial opposition primary last
year.
Chau’s platform called for building
an inclusive society, urging the
government to improve policies to take
care of the elderly and disabled, as well
as to allow children equal opportunities
to learn and develop their talent.
He had also signed a joint petition
against the national security law before
it came into effect in June last year.
“I am not saying voters [on Sunday]
would base their entire decision on
political leanings. But it would have
some bearing,” Chau said.
He stressed that the current system
did not mean there would no longer be
room for centrist and moderate
opposition voices in the December
elections for the legislature, noting
however that his own chances in that
race were “extremely slim”, and he was
unlikely to run because it required more
resources.
On yesterday’s polls, Chau added
they could provide a gauge on what
kind of opposition candidate would
pass official scrutiny.
He said his sector had been facing
problems with the administration, but
did not elaborate. Some social workers
had been vocal during the 2019 social
unrest, and their actions have caught
the eye of authorities.
SOUTH CHINA MORNING POST MONDAY, SEPTEMBER 20, 2021
A5
A6
Monday, September 20, 2021
ENVIRONMENT
MID-AUTUMN FESTIVAL
CALL TO CUT
SINGLE-USE
PLASTICS IN
QUARANTINE
As some guests amass hundreds of disposable
items while isolating, green groups call for hotels
to do more to reduce these mountains of waste
Zoe Low
zoe.low@scmp.com
When Hongkonger Sean Barry
checked out of his quarantine
hotel last month, he took with him
nearly 300 pieces of plastic
collected from his 21-day stay.
“I did get some weird looks as I
was leaving, but I said it was for
recycling,” he said, recalling the
reaction of the hotel staff.
The 24-year-old brand researcher headed to a recycling
centre to drop off his haul before
returning home to Peng Chau.
Travellers who must stay at the
city’s 36 designated quarantine
hotels – part of the city’s strict pandemic control measures – have
almost all their meals served in
disposable containers.
Some, like Barry, take the
trouble of cleaning the containers
and recycling them after their
quarantine ends.
But Hong Kong’s green groups
have questioned whether the responsibility should fall on individuals, and urged the government to
require hotels to provide reusable
items instead.
Barry had set up a sorting system in his hotel room, collecting
not just plastic but also paper,
glass and metal from his meals. At
the end of his stay, he had 288
plastic items, including 42 meal
trays, 56 soup bowls, 122 lids and
more than 50 plastic bags.
Iff there’s
h
an
infection risk, we
should not put
the environment
above that
ANGUS HO, GREENERS ACTION
“It was a hassle to take everything, and the recycling centre is
definitely not the place most people would go to when they check
out of quarantine,” he noted, but
wanted to help reduce his impact
on the planet.
The Covid-19 pandemic has
caused a sharp rise in the amount
of single-use plastics, with an estimated 1.6 million tonnes of plastic waste generated daily
worldwide. In Hong Kong, environmental groups expect waste
numbers to surge, particularly as
residents have been buying more
takeaway meals.
The Food and Health Bureau
said use of disposable containers
in quarantine hotels took into
account “various considerations,
including infection control
requirements” and the hotels’
operations.
While guests are asked to leave
their trash outside their rooms for
collection, the hotels are not required to recycle the disposable
food boxes or utensils.
A government health document for the hotels advises that
staff minimise contact with quarantined guests and use trolleys to
deliver food and other items to
their rooms, but makes no
mention of the type of cutlery or
containers to be used.
The Environmental Protection Department said it supported virus prevention efforts and,
subject to infection control
measures in quarantine, hoped
every sector in the community
would continue to reduce waste at
the source, avoid the use of plastic
containers, and practise
recycling.
The department, which earlier
this month completed a public
consultation on eventually banning disposable plastic tableware,
said it was working on a way to
regulate its sale and use.
Some hotels, including Ovolo
and Dorsett ones, as well as the
Four Points by Sheraton, where
Barry stayed, provide guests with
reusable cutlery, but others stick
to disposables.
Ovolo’s operations manager
Sonesh Mool told the Post it used
biodegradable bamboo packaging to serve guests during their
stay, but their last meal before
checking out was served on proper plates as “a last hurrah”.
A spokesman for Dorsett
Hotels said each guest was provided a free set of reusable cutlery,
which helped save 63 sets of single-use cutlery per stay. Plates and
bowls were also provided.
None of the other hotels contacted by the Post responded.
Angus Ho Hon-wai, executive
director of Greeners Action,
hoped the government would review whether it was risky to serve
quarantined guests with reusable
cutlery and crockery or have the
hotels collect items for recycling
from guests.
“It’s not like this is medical
waste, and the hotels have their
own catering services, they could
just treat it as room service,” Ho
said. He encouraged those in
quarantine to at least clean and
collect any plastic for recycling.
“Of course if there’s an infection risk, we should not put the
environment above that.”
Greenpeace campaigner
Leanne Tam Wing-lam said disposable cutlery and containers
were not necessarily more hygienic. “While we appreciate
guests recycling, this responsibility shouldn’t be on them. The key
is reduction at source,” she said,
adding that hotels should at least
provide reusable cutlery, and
guests could reject disposables.
Infectious diseases expert Dr
Leung Chi-chiu took a more cautious view of the matter.
“We should reduce the likelihood of hotel staff coming into
contact with quarantined people
and objects from their rooms to
prevent any chance of the coronavirus from slipping into the community,” he said.
Tighter infection control measures at quarantine hotels were
preferable to risking a community
outbreak of Covid-19, he added,
as that would only lead to more
social-distancing restrictions and
drive Hongkongers to buying
takeaway food and using even
more disposables.
Meanwhile, residents who
care about the environment are
doing what they can to mitigate
the use of plastic at quarantine
hotels. Hong Kong-born Bal Taylor, 55, a stay-at-home mother of
two whose husband works in real
estate, has been picking up clear
plastic food containers from
people leaving quarantine hotels
since February.
She washes them thoroughly
before using them to pack food for
the city’s homeless. “I couldn’t believe the amount of stuff that was
going to be chucked away, so we
decided to try to make the best of
it,” Taylor said.
> HARRY’S VIEW A10
Sean Barry with the 288 pieces of plastic he collected. Photo: Handout
Visitors queue on a bridge for the Mid-Autumn Festival in Tai O on Friday night. Lantern lightings in the village were cancelled on certain days because of overcrowding. Photo: EPA
Tai O lantern lighting cut back due to overcrowding
Rachel Yeo
rachel.yeo@scmp.com
The lighting of 2,500 handcrafted
lanterns for the Mid-Autumn
Festival at a famous Hong Kong
fishing village has been cancelled
on certain days after thousands of
visitors brought the place to
standstill.
Yesterday, organisers of the
Tai O Water Village Lantern Festival said they had decided to
suspend the lighting on four days
over the next 10 – from 6.30pm to
9.30pm tomorrow and Wednesday, and on September 27 and 28.
“There will be no lights on the
Mid-Autumn Festival and the day
after, so there is some space for
those who need to go back to Tai O
to spend the festival and reunite
with their families,” organisers Tai
O Fei Mao Li said on Facebook.
“We also want residents of Tai
O to rest after working on
weekends, so the lights are
temporarily suspended [on 27
and 28 September].”
Although the festival will run
until the end of the month, it will
be under reduced hours, while
lanterns on the village’s two main
bridges will not be lit.
Although local businesses
welcomed the steady stream of
customers the festival brings,
residents said the overcrowding
had become unbearable, and
jeopardised their way of life.
On Saturday evening, police
had to control crowds in the
village to stop visitors from
entering Tai O Market Street.
Long queues were seen at bus
stations across Lantau Island,
where the village is located, with
visitors saying they had queued
for hours.
One message on a Tai O
community group Facebook page
called the situation “too
dangerous”.
“The crowds on Sun Ki Bridge
were too huge since it’s such a
popular selfie spot. Even the villagers couldn’t cross!” they wrote.
Another said relatives would
not “dare come back to visit”
SOCIETY
Video series inspires solo strolls in city
Clips promote joys of exploring districts in ‘moving museum’ Hong Kong
Emily Tsang
emily.tsang@scmp.com
The video opens with a wide shot
of a truck moving across a flyover
squashed between a red block of
flats and an old industrial
building.
The frame widens to show the
buzzing street life of an old district
in the city, with restaurants
offering congee and noodles, and
tiny fruit stalls.
Then Sampson Wong Yu-hin
appears, walking into the Yau Ma
Tei Car Park Building, a Kowloon
landmark due to make way for a
highway. He strolls inside and
navigates through the building
floor by floor, going past tight
parking spaces and along dark,
narrow corridors.
There are no words spoken in
the six-minute, 47-second video
on YouTube. There is not much
action either, just the scenes of
one man walking, walking and
walking.
The YouTube channel, “When
in doubt, take a walk”, which
promotes the pleasure of walking
in the community, was started by
Wong, and Eric Tsang Tsz-yeung,
both of them artists and lecturers
at Chinese University.
“The city is itself a moving
museum that requires you to walk
in it and observe,” Wong said.
Since October last year, Wong
and Tsang have uploaded more
than a dozen clips, each featuring
a guest shown wandering solo
through places such as Kwun
Tong, Tsuen Wan, To Kwa Wan
and North Point.
The light piano music in the
background was composed by
local musician Shui Kam to
provide an ethereal mood, but
there is neither narration nor
dialogue. This is deliberate, to
allow viewers to immerse themselves fully in the experience.
The channel has attracted
more than 13,000 subscribers so
far, and a related Facebook page
has 35,000 followers who share
Group co-founders Sampson Wong and Eric Tsang. Photo: Xiaomei Chen
strolling routes, photographs and
memories of their favourite walks
all over Hong Kong.
“To understand the city, its
public spaces and culture, one
must take a walk,” said Wong,
who has long been fascinated by
Hong Kong’s urban culture and
studies the use of public spaces.
He said the idea for the video
series came from a pro-democracy protest on July 1 last year, when
a group of demonstrators held a
banner that said: “We really *******
love Hong Kong”. It included a
swear word that emphasised their
strong feelings for the city.
Wong was also moved by the
ongoing exodus of Hongkongers
sparked by the introduction of the
national security law in June last
year, and a sense of despair in
society since the social unrest of
2019. “But for those of us who
have decided to stay in Hong
Kong, we still have to live our
lives,” he said.
“Is there something we can do
to fuel positive energy into the
people around us?”
Thinking about all that led him
and his friends to start their
YouTube channel and name their
feel-good campaign “When in
doubt, take a walk”.
Co-founder Tsang, a former
photojournalist, said walking was
the most inclusive activity. A walk
does not cost much, can be short
or long, fast or slow, and can be
done alone or with friends.
“Everyone can talk about their
walks without fearing that their
opinions are not professional
enough. No one needs a master’s
degree to talk about the strolling
route they like, how they came
across it, and how they savour
such moments,” Tsang said.
While Hongkongers often
complain about narrow pavements and heavy traffic, the city
has long been regarded as one of
the most walkable in the world.
A new study of nearly 1,000
cities by the New York-based nonprofit Institute for Transportation
and Development Policy rated
Hong Kong among the world’s
most walkable, alongside Paris,
London and Bogota, the high-altitude capital of Colombia.
The Transport Department
has its “Walk in Hong Kong” initiative, and has been studying
ways to make districts such as
Sham Shui Po and Central more
pedestrian-friendly.
The Covid-19 pandemic also
put the spotlight on walking
globally, as people in lockdown
and facing movement restrictions
have taken to strolling in their own
neighbourhoods.
Last November, the World
Health Organization updated its
guidelines to recommend that
adults cooped up during the
pandemic get at least 150 minutes
of moderate to vigorous physical
activity every week.
Health benefits aside,
advocates say walking allows
people to appreciate archaeology
and scenery they otherwise take
for granted, and connect anew
with people.
One follower of the “When in
doubt, take a walk” group, who
preferred to be called by her
surname Chu, said she had made
friends since she began watching
the videos and joined the online
discussions.
Growing up in the city’s
Western district, she said she
never paid much attention to the
aesthetic value and vitality of the
old residential buildings or tong
lau – the area’s unique ChineseWestern tenements which are
disappearing.
“But when I started seeing on
the Facebook page how people
came here for a walk and shared
their pictures of old buildings they
liked, it struck me that this district
was indeed quite unique,” she
added.
She met another follower of
the group and they explored the
area together. It was an interesting
encounter as her new friend told
her about the plants and trees
along their way.
They arranged to meet again
for more walks in other districts.
“Since it is quite impossible for
us to travel for holidays during
Covid, I may as well spend more
leisure time strolling around the
city and making new friends,”
Chu said.
Wong is pleased the video
project he started has begun
connecting Hongkongers,
especially at a time when there is
still a lot of sadness in the city.
“Many people are leading a
very difficult life, and when you
walk through the streets, you can
see there are many day-to-day
struggles,” he said.
“But the fact that they are still
struggling, and looking for a way
around it, is itself something that
makes you ponder about life.”
during the festival because of the
crowds.
One woman said she still
wanted to go visit her grandfather
and enjoy the festival and traditional atmosphere, but was worried about the severe traffic jams.
“It is my last Mid-Autumn
Festival in Hong Kong since I am
migrating in a few months,” she
wrote. “I really wish I could go
back to spend time with my
grandfather and uncles. But even
the taxis cannot be sure they can
go there due to the traffic.”
Toilet trip
offers lucky
break for
woman
Danny Mok
danny.mok@scmp.com
A bakery worker narrowly
escaped serious injury due to a
chance trip to the restroom just
moments before a man attacked
her colleagues with a knife in a
Cheung Sha Wan shopping centre
yesterday.
The woman, who works at Mr
Bakery in the Hoi Lai Shopping
Centre, told local media that she
returned from the restroom to
find her three colleagues covered
in blood at about 7.30am. The
attacker, she said, had come in
and slashed the victims – two
women and a man, aged 39 to 63 –
without saying a word.
The 40-year-old suspect then
fled the scene, leaving the knife on
the floor, only to later turn himself
in at the Cheung Sha Wan Police
Station, according to a force
spokesman.
The man, who had been
receiving treatment for mental
health issues for more than a
decade, was agitated after making
a purchase at the bakery shortly
before the attack, according to a
police source. It was after a staff
member allegedly asked him
whether he was crazy that he went
home and returned with the knife.
One of the female victims
suffered a cut on her forehead,
while the other was slashed in the
face. The man, who was the baker
at the shop, sustained a deep cut
to his left arm, exposing part of the
bone.
The victims were sent to the
Caritas Medical Centre in the
district, where one of the women
remained in serious condition as
of yesterday evening, according to
the force. The other two victims
were in stable condition.
The employee who avoided
the attack told local media that
none of them knew the suspect,
and he was not a regular
customer. “I happened to go
outside to the restroom so I
escaped it,” she said.
Monday, September 20, 2021
A7
The atmosphere of normal
academic exchange has been
destroyed by the Australian side
LI JIANJUN, OF THE AUSTRALIAN STUDIES CENTRE AT BEIJING FOREIGN STUDIES
UNIVERSITY, ON HOW SOURING RELATIONS BETWEEN BEIJING AND CANBERRA
HAVE IMPACTED ACADEMIC EXCHANGES BETWEEN THE NATIONS
MILITARY
ACCIDENT
Engineers detect
‘flaws’ in US’ latest
air combat drone
Analysis suggests its designers have prioritised
weapons and fuel at expense of manoeuvrability
Stephen Chen
chen.binglin@scmp.com
Aviation engineers say they
have worked out some critical
performance constraints of a
stealth combat drone still under
development in the United States.
Their estimates are based on
photos, openly available information and reverse-engineering software. They found the XQ-58A
Valkyrie, an unmanned combat
aerial vehicle, was not good at
aerial combat.
When making a U-turn, for instance, it could withstand a pull of
only about 1.7 times gravity, they
calculated. In a dogfight, most
fighter jets need to brake to evade
chase against a force of seven
times gravity or higher.
The unusual design also signalled a break with tradition in the
US military, suggesting gains in
other areas, the researchers said.
The XQ-58A’s
weaker
manoeuvrability
can lead to its
destruction
PROFESSOR GUO ZHENG AND COLLEAGUES
“Through the inversion of the
XQ-58A design process, it can be
seen that with the continuous
breakthroughs in artificial intelligence and network data transmission technology, the ‘loyal wingman’ represented by XQ-58A will
gradually become the main force
on the battlefield and become a
new leading power in the transformation of the man-machine
coordinated combat model,” said
senior engineer Lu Yuanjie and
colleagues at the Shenyang Aircraft Design and Research Institute, in a paper published in
Aircraft Design journal.
The US Air Force last month
awarded a further US$13.2 million contract to defence contractor Kratos to get the XQ-58A ready
for service by 2023. Since its debut
in 2019, the drone has made six
test flights and suffered two mishaps in landing and take-off. With
a relatively low cost of US$2 million, it is expected to be produced
and deployed on a large scale.
The XQ-58A is a backbone
component in the US Air Force’s
Skyborg programme, which aims
to provide AI wingmen to F-22
and F-35 stealth jet pilots for
combat or surveillance missions.
Other defence contractors including Boeing have come up with
similar products.
China is worried about these
drones because they add uncertainties to a war. A military study
earlier this year warned that the
US could station a large number
of XQ-58A drones on small islands
or ships east of Taiwan.
With a rocket-assisted take-off
system, these drones could quickly form large swarms and pose a
severe threat to People’s Liberation Army forces crossing the
strait should a conflict break out.
They could even attack targets on
the mainland with the help of
stealth technology, or clear a path
for the F-22 or F-35 squadrons.
Lu’s team said that the main
purpose of their study was not to
replicate an XQ-58A but to find
the US military’s hidden motivation from cold data.
They found the designers tried
to pack as much equipment and
fuel into the drone as possible
while keeping its wings, engine
and total size as small as possible.
These design priorities may suggest the US military put weapons,
surveillance capability and range
before manoeuvrability.
The XQ-58A was advertised as
a reusable drone, but was actually
designed and built to be expandable, to carry out suicide missions,
according to Lu. This would “allow manned aircraft to command
outside the defence zone, and
drones to go deep into the hinterland to complete high-risk attack
missions”, he said.
China’s military had several
methods to counter the XQ-58A
and similar aircraft, according to
Professor Guo Zheng and colleagues at the National University
of Defence Technology in a paper
published in journal National
Defence Technology in February.
“Under the premise of effective detection, the XQ-58A’s
weaker manoeuvrability can lead
to its destruction by groundbased mid-range anti-air guns,
air-based over-the-horizon missiles or close combat by fighter
jets,” Guo and colleagues said.
Electronic warfare devices
could cut off the communication
between the drone and human
command, or bring down a
swarm of drones with one powerful shot by a powerful electromagnetic pulse weapon.
Using drones against drones
can also be an effective tactic,
according to Guo.
The XQ-58A drone has suffered a number of mishaps. Photo: Handout
Search and rescue teams work yesterday at the scene of the tragedy in Zangke, where a packed ferry, believed to have been carrying mostly students, overturned. Photo: Xinhua
10 DIE AS OVERLOADED FERRY
CAPSIZES IN STORMY WEATHER
Rescuers save 31 passengers as search continues for five others missing from boat carrying students
Linda Lew
linda.lew@scmp.com
Ten people died and five were
reported missing after an overloaded river ferry in Guizhou
province capsized in bad weather.
The ferry was the main mode
of transport across the river in
Zangke for students from the
town of the same name in Liuzhi
district. Most of the passengers
were thought to be students, state
broadcaster CCTV reported.
The ferry, operated by Xiling
Shipping, was carrying at least 46
passengers when its maximum
capacity was 40, according to the
report. Rescuers saved 31 passengers, four of whom were sent to
hospital.
The provincial party secretary
of Guizhou, Shen Yiqin, expressed
support for the families affected
and called for a thorough check of
public transport safety in the
province.
“[We] need to find out the
cause of the accident as soon as
possible, and will take legal action
against those responsible in case
of wrongdoing,” Shen told CCTV.
Saturday’s tragedy came just
days before the Mid-Autumn
Festival.
The Liuzhi district marine
department conducted a safety
drill at the end of August, joined by
Xiling Shipping and at least two
other marine transport companies, according to online outlet
Liuzhi Fusion Media.
The drill rehearsed an emergency situation where a ferry loses
ARCHAEOLOGY
AUSTRALIA-CHINA TENSIONS
Pots reveal ancient Chinese beer culture Souring bilateral relations
raise concerns for future
of academic exchanges
Kevin McSpadden
kevin.mcspadden@scmp.com
Scientists who analysed 9,000year-old pottery discovered in
eastern China said our ancient
ancestors might have enjoyed a
pint as much as the next person.
An analysis of ancient pots and
cups found in Qiaotou, Zhejiang
province, showed that the vessels
contained beer made out of rice.
The study, published on PLoS
One, a peer-reviewed open access
scientific journal, argued that the
beer was drunk by the Shangshan
people as part of burial traditions
and communal gatherings.
Scientists believe the pot held
beer and not, say, wine, because,
after analysing residue left in 20
pieces of pottery, they found it
contained ingredients such as
mould and yeast that are consistent with beer fermentation.
The scientists also found phytoliths, or plant particles, consistent with rice, suggesting it was a
key ingredient in making the
Some of the 9,000-year-old pots
that held beer made of rice.
drink. They believe the beer was
made using rice, Job’s Tears (an
Asian grain) and tubers.
The team also found a qu
mould starter used to ferment
alcohol. The study found the
mould in the pots was similar to
koji, a modern ingredient used to
make sake. This evidence points
to the cultivation of rice beer.
The Shangshan people were a
neolithic culture and were the first
known civilisation in eastern
China to begin cultivating rice.
“If people had some leftover
rice and the grains became
mouldy, they may have noticed
that the grains became sweeter
and alcoholic with age,” said Jiajing Wang, one of the co-authors,
in a press release from Dartmouth
College, where she is an assistant
professor of anthropology.
The pots were painted with
white markings – such as a design
that resembles the sun and white
dots circling the vessels – making
them some of the oldest known
painted artefacts ever found.
They also had a communal design, suggesting the vessels were
passed around and shared, possibly at a party or funeral. The archaeology site in Qiaotou is
believed to have had burial pits.
The report said the discovery
added to humankind’s understanding of the role of alcohol as a
“social act with cultural and political significance”.
The oldest evidence for beer
drinking was discovered at an
Israeli burial site in 2018 and suggested people were drinking beer
13,000 years ago.
TRADE
Investors in Afghan mining projects face challenges
Rachel Zhang
rachel.zhang@scmp.com
Investing in mining projects in
Afghanistan now entails weighing
up security risks, poor
infrastructure and potential
sanctions against the Taliban.
Despite the lure of the
country’s considerable mineral
reserves, the threats and obstacles
might cool Chinese entities’
enthusiasm for involvement,
observers and traders said.
“The possibility of China
investing in Afghan minerals is
very low in the short term,
although in the long run, if
Afghanistan achieves stability and
the international community
eases sanctions, the possibility
may increase,” said Zhu
Yongbiao, a professor of
international relations at
Lanzhou University.
A high-profile Chinese
investment project in Mes Aynak
has already been in limbo for 14
years. State-owned Metallurgical
Group in 2007 won the bid to
operate the largest Afghan copper
mine project, which has
reportedly yet to begin because of
security issues and the need to
remove landmines.
Having last month seized
power following the US’ decision
to withdraw troops after a 20-year
presence, the Taliban has
announced an interim
government filled with hardline
Taliban personnel. China has
since urged the new government
to be inclusive.
Earlier this month, fighting
erupted in the Panjshir Valley, a
long-standing resistance stronghold, between the Taliban and
anti-Taliban military alliance, the
National Resistance Front.
“The situation in Afghanistan
is still unstable,” Zhu said. “Although the anti-Taliban move-
control during a rainstorm, with
two passengers jumping into the
water, and four trapped on board.
More than 30 emergency responders, and three rescue and law
enforcement vessels also participated in the exercise, the online
report said.
“The drill is held annually and
we use it to train the emergency
response of local marine transport companies,” a marine
department staff member said.
However, he declined to comment when asked about the safety
assessment of Xiling Shipping and
the transport companies involved
in the drill.
Bad weather had been forecast
at the weekend for Guizhou, with
the provincial observatory issuing
an amber alert on Friday, warning
of strong rains and the risk of
landslides.
A sudden thunderstorm hit
Zangke, a township in the city of
Liupanshui, on Saturday evening,
with winds reaching 50km/h,
according to the local meteorological department.
A total of 17 rescue teams and
50 boats were dispatched to join
the emergency operation.
ments are so far unable to
challenge the government, they
haven’t been eliminated, either.
The possibility of those
movements making progress in
the future can’t be ruled out.
Therefore, current investments in
mining still face the risk of a power
reshuffle or sabotage from
opposition and terrorist forces.”
A Chinese mineral trader
surnamed Peng, who started to
export Afghan ore to China in
2018, agreed that there was risk
attached to Chinese investment
in mining projects.
“I’ve opted to buy minerals
from Afghans rather than get
involved in mining projects
myself, even though the latter is
more lucrative,” Peng said.
“The Taliban’s control over
some areas is still limited, and local militant groups emerge from
time to time. The other issue is
that we don’t fully understand the
conditions and laws. People
sometimes just don’t keep their
promises.”
Peng said poor infrastructure
also made Chinese businesspeople hesitant to invest.
Despite the obstacles faced by
China’s state investors, some
private business owners have
persisted.
Yu Yong, a trader based in
Kabul, has been trading
internationally, including in
A copper mining project in Mes
Aynak has been closed for 14 years.
Afghan gemstones, for the past
five years and is preparing to
invest in mining projects.
“A lot of big private firms in this
lucrative industry can afford to
build infrastructure themselves,”
he said. “On the security front, I
think it will be better than under
the previous government when
there were incidents in which officials colluded in attacks that they
blamed on terrorists, so that they
could embezzle state funds
allocated for repairs. I think the
Taliban has no interest
in sabotaging the economy.”
Both Yu and Peng said potential economic sanctions against
the regime could impede mining
investment, because one effect
could be to limit the flow of US
dollars, the payment currency in
Afghanistan. Last month, US
President Joe Biden said the possibility of imposing sanctions on
the Taliban would “depend on
their conduct”.
Amber Wang
amber.wang@scmp.com
Chinese scholars in the field of
Australian studies are becoming
caught up in the souring of
relations between Beijing and
Canberra, prompting concerns
about the future of academic
exchanges.
Researchers Chen Hong and
Li Jianjun, both specialists in Australian studies, had their visas
cancelled last year, with the email
to Chen from the Australian
Home Affairs Department saying
he posed “a risk to … national security”. Other scholars have said
polarised views on China were
making their work difficult.
Australian media reports suggested Chen, a professor of Australian Studies at East China
Normal University in Shanghai,
and Li, director of the Australian
Studies Centre at Beijing Foreign
Studies University, were drawn
into a foreign interference investigation involving New South Wales
MP Shaoquett Moselmane, who
was investigated last year over
“Chinese influence” operations.
Both Chen and Li were found
to be members of a WeChat group
that included Moselmane and his
former staffer John Zhang, and
was allegedly a platform to encourage the politician to advocate
for Chinese government interests.
Li’s visa was cancelled in July
last year, and Chen’s about a
month later. Chen demanded an
explanation from the Australian
government but – a year on – has
yet to receive a reply. “My impression of the country, which can be
said to be an ‘example of good
governance’, has changed a lot
since the incident,” Chen said.
Relations between China and
Australia have hit a low point over
a wide range of issues – including
the probe into the origin of the
Covid-19 pandemic, alleged human rights violations in Xinjiang,
and China’s military presence in
the Indo-Pacific region.
Tensions escalated further
following the announcement of a
security pact last week between
the United States, Britain and
Australia that will see Canberra
eventually field nuclear-powered
submarines, as the alliance moves
to counter Beijing.
“The current China-Australia
relationship has reached an unprecedented low point, and promoting understanding would
require the efforts of scholars
from both countries,” Chen said.
“But if we, as promoters and
advocates in China of understanding Australia, are being
blamed, to what extent have the
relations gone [downhill]? … The
atmosphere of normal academic
exchange has been destroyed by
the Australian side.”
Li said the visa cancellation
would affect him as had he
planned to go to Australia to research his PhD dissertation after
the Covid-19 pandemic abated.
He rejected claims relating to
the Moselmane WeChat group,
saying: “It was a pure chat group
between friends, where we shared
[comments about] daily life, and
merely touched upon politics.”
Worsening bilateral relations
had left some academics in Australia with a Chinese background
feeling tense, Li said.
But Chen Minglu, a senior lecturer at the University of Sydney’s
Department of Government and
International Relations, doubted
whether bilateral relations had affected academic exchanges, and
said overseas Chinese students
were still enrolling.
However, in an article in May,
she wrote that polarised views on
China had left academics with a
Chinese background between a
rock and a hard place.
She was accused of being a
“Taiwan independence supporter” by a student calling himself a
“Chinese patriot” – the first time
she had encountered such a reaction in 10 years of teaching.
The immediate provocation
seemed to be her comment in
class that, after the election of Joe
Biden as president, issues such as
Tibet, Xinjiang and Taiwan were
likely to cause tensions between
the US and China.
But a non-Chinese student
protested that she should have remembered “authoritarianism is
evil”, Chen wrote in highlighting
her point.
A8
Monday, September 20, 2021
We do not want backpackers, so that
Bali [remains] clean, and the tourists
who come here are of quality
LUHUT PANDJAITAN, COORDINATING MINISTER FOR MARITIME AFFAIRS AND INVESTMENT,
ON INDONESIA’S PLANS TO OPEN UP BALI TO FOREIGNERS … BUT NOT ALL FOREIGNERS
INDONESIA
INDONESIA
MILITANT LEADER
DIES IN RAID BY
SECURITY FORCES
Ali Kalora, top of Indonesia’s most-wanted list, is
shot dead in a jungle shoot-out with police and
military personnel amid a terrorism crackdown
Associated Press in Palu
and Reuters in Jakarta
Indonesia’s most wanted militant
with ties to the Islamic State group
was killed in a shoot-out with
security forces, the police said
yesterday, amid a counterterrorism campaign against
extremists in remote mountain
jungles.
A joint operation by military
and police personnel killed Ali
Kalora, leader of militant group
East Indonesia Mujahideen
(MIT), at a village on Sulawesi
island on Saturday afternoon.
The raid took place in the
province’s mountainous Parigi
Moutong district, said Central
Sulawesi’s regional military chief
Brigadier General Farid Makruf. It
borders Poso district, considered
an extremist hotbed in the
province.
“Ali Kalora was the most wanted terrorist and leader of MIT,”
Farid said.
Another militant, identified as
Jaka Ramadhan, also known as
Ikrima, was also shot dead. A hunt
was under way for four other MIT
members, police said.
Explosives, an M16 rifle and
two machetes were found, along
with other evidence of militant
activity, following the raid.
Both bodies were evacuated
by helicopter early yesterday from
the forested village of Astina to a
police hospital for further investigation and formal identification.
Ali took over as MIT leader
after security forces killed its previous head, Abu Wardah Santoso,
in July 2016.
Santoso was once the most
wanted militant in Indonesia, a
country with the world’s largest
Muslim population. He was one
of the first militants in Indonesia
to pledge allegiance to Islamic
State.
Ali had eluded capture for
more than a decade. Dozens of
other members of the group have
been killed or captured since
Santosa’s death.
Authorities believed MIT was
behind the murder of four villagers in central Sulawesi in November 2020, although the group did
not claim responsibility.
Ali Kalora had been the leader of
the MIT militant group since 2016.
Part off their
ideology is
seeking death
because they
believe death
will take them
to heaven
RIDWAN HABIB, A TERRORISM ANALYST
Ridwan Habib, a terrorism
analyst at the University of Indonesia, said the Sulawesi-based
MIT group was unlikely to survive
its leader’s death, although he
suspected its members who are
on the run would continue to fight
security forces.
“Part of their ideology is seeking death because they believe
death will take them to heaven.
With their leader dead, they will
seek death as well,” he said. “I’m
not sure there will be a re-establishment [of MIT] or a new leader
elected.”
Saturday’s shoot-out occurred
two months after security forces
killed two suspected members of
the group during a raid in the
same mountainous district.
The East Indonesia Mujahideen has claimed responsibility
for several killings of police officers and minority Christians.
Security operations in the area
have intensified in recent months
to try to capture members of the
network, targeting Kalora, the
group’s leader.
In May, militants killed four
Christians in a village in Poso district, including one who was beheaded. Authorities said the
attack was in revenge for the killing in March of two militants,
including Santoso’s son.
Makruf said that rugged terrain and darkness have hampered
efforts to evacuate the two bodies
from the scene of the shoot-out.
Indonesia has kept up a crackdown on militants since bombings on the tourist island of Bali in
2002 killed 202 people, mostly
foreigners.
Militant attacks on foreigners
in Indonesia have been largely replaced in recent years by smaller,
less deadly strikes targeting the
government, mainly police and
anti-terrorism forces, and people
militants consider to be infidels,
inspired by Islamic State group
tactics abroad.
MALAYSIA
Give our children citizenship,
mothers tell prime minister
Court rules in favour but some officials refuse to
recognise rights of those born to foreign fathers
Norman Goh in Kuala Lumpur
Former Malaysian squash
champion Choong Wai Li and her
husband, Irish national Ronan
Collins, were over the moon when
their first child was born in Hong
Kong seven years ago.
They had decided their son
would take his mother’s nationality, and began application
through the city’s consulate.
Little did they know, what they
thought would be at worst a
dreary, albeit relatively quick
process, would become a yearslong struggle striking at the heart
of the country’s citizenship laws.
“I [delivered] those documents with the naive understanding that within a matter of weeks
or months, they would grant
[him] Malaysian citizenship and a
passport,” Collins said.
Today, the status of the
application remains in limbo.
The reason? Malaysia only
allows men to confer citizenship
to children born abroad, by virtue
of the fact that the constitution
states that only a father can pass
on his nationality. It is one of 25
countries with this law.
Earlier this month, Choong
was among a group of activists
that won a landmark legal battle
for Malaysian women to have the
right to pass on their nationality to
their children.
In a High Court lawsuit, the
plaintiffs argued that the law
contravened Article 8 of the
Malaysian constitution, which
bans gender discrimination.
On September 9, Judge Aktar
Tahir ruled in their favour, saying
the law had to be read alongside
other parts of the constitution.
“The grievances of the
plaintiffs are real … the
discrimination is apparent,” he
said.
The plaintiffs’ ordeal is not
over, however. The government
last week filed an appeal.
While some ministers lauded
the decision, critics such as
influential Home Minister
Hamzah Zainudin and sitting
Attorney General Idrus Harun
had tried to strike down the lawsuit, describing it as “frivolous”.
The campaigners are now
hoping that open public support
for their cause will compel new
Prime Minister Ismail Sabri
Yaakob to intervene in the matter.
We … can’t
understand why
the government
would appeal
the decision
SURI KEMPE, FAMILY FRONTIERS GROUP
Such a move could bring an
end to the saga, because the prime
minister, as head of government,
can instruct the attorney general
to withdraw his bid to appeal.
While the premier himself has
yet to comment, his de facto law
minister, Wan Junaidi Tuanku
Jaafar, said he found Judge Aktar’s
ruling “illuminating” in fleshing
out the constitution’s necessity
for laws to be non-discriminatory.
“Any discriminatory provision
ought to be interpreted harmonious with that fundamental principle and any inconsistency ought
to be removed by harmonious
interpretation,” the minister said.
Others, such as Communica-
tions Minister Annuar Musa, and
Women, Family and Community
Development Minister Rina
Harun have also sought to show
their backing for the mothers.
The matter was reportedly
meant to be addressed in a
cabinet meeting on Friday, but
officials have yet to announce
whether a reversal of the appeal
was on the cards.
Suri Kempe, from the Family
Frontiers lobby group that is part
of the suit, said it was baffling that
the government had appealed.
“We – the mothers and Family
Frontiers – just can’t understand
why the government would
appeal the decision, when it has
… brought relief to thousands of
Malaysian women,” she said.
With the prime minister – who
last month succeeded the divisive
Muhyiddin Yassin administration
– pledging to govern based on a
framework of “Keluarga Malaysia”, or the Malaysian Family, it
was all the more pertinent that he
prioritised this issue, Suri said.
Malaysians appeared to agree.
A Change.org petition calling for
the appeal to be lifted got about
22,000 signatures as of Friday.
Abinaya Dhivya Menon, of the
non-governmental Women’s Aid
Organisation, said if unresolved,
the issue would compound the
country’s already laggard stance
on gender equality. “This decision
to appeal is indeed justice denied
to women, and as a group focused
on equality we will fight till it is
corrected,” she said.
Collins, who choked up while
speaking about the issue via video
link, said parents like him were
hoping the new prime minister
would do the right thing.
“It is time for the Malaysian
government to wake up and
realise that women and men
should be treated equally under
the eyes of the law. Ismail Sabri
has got the ability, power and the
public support to back this decision by the High Court,” he said.
Workers assemble a retired passenger jet that the government hopes will become a tourist attraction on a cliff in Uluwatu, Bali. Photos: EPA
Bali plans to ban foreign backpackers
Resty Woro Yuniar in Jakarta
restyworo.yuniar@scmp.com
Despite the economic havoc
wrought by the Covid-19
pandemic, Indonesia is still
focused on quality over quantity
when it comes to its tourist
destinations – as evinced by a
senior official’s recent remark that
backpackers would be banned
from Bali when the resort island
reopens to foreigners.
Luhut Pandjaitan, the coordinating minister for maritime
affairs and investment, made the
comment on September 10 on a
visit to Bali, saying that the island’s
reopening would be “conducted
carefully and in phases”.
“We will filter tourists that
visit,” he said. “We do not want
backpackers, so that Bali
[remains] clean, and the tourists
who come here are of quality.”
Luhut on Friday said that the
government was sure Bali could
reopen next month if Covid-19
cases continued to decline.
“With a trend [of declining
cases] like today, we are quite
confident, but again we have to
look at [the situation weekly]. We
can’t take it for granted,” he said,
though he stopped short of clarifying whether backpackers would
be allowed entry when the resort
island reopened.
Indonesia on Friday recorded
3,835 new infections and 219
deaths, well below the daily
average of 40,000 cases during the
peak of the second wave in July.
Health Minister Budi Sadikin
last Tuesday said that Indonesia
was aiming to inoculate 70 per
cent of its target population of 208
million with at least one dose by
November, so it could start
accepting foreign tourists again.
In a bid to clarify Luhut’s
remarks, his spokesperson Jodi
Mahardi told local news portal
Kompas that the minister did not
mean to pigeon-hole backpackers. “[He meant that] the
country will not allow the entry of
foreigners who break health protocols, law, or immigration law,”
Jodi said.
This is not the first time
Indonesian officials have
expressed their frustration with
foreign backpackers amid hopes
to turn the country into an
exclusive tourist destination.
In September 2019, the
environment ministry and East
Nusa Tenggara Governor Viktor
Bungtilu Laiskodat sought to
introduce a US$1,000 annual
membership system for visits to
Komodo Island, home to the
Komodo dragon, in a bid to
reduce tourist numbers to protect
the animal and its habitat.
The previous entry was
around US$10, but in July 2019 the
governor said the island needed to
be closed to visitors as tourism
had interfered with the dragons’
mating and hatching processes.
The Komodo National Park
was visited by more than 221,000
people in 2019, but that number
declined to around 51,000 last
year in light of the pandemic. It is
unclear whether the plan will be
imposed after Indonesia reopens
to international tourism.
In Bali, foreign tourists –
including backpackers and
so-called digital nomads – have
repeatedly made headlines for
their outrageous and unlawful
behaviour that has landed them
in hot water, from promoting easy
access to the country during
border closures to holding a mass
yoga retreat amid the pandemic,
and even throwing a motorcycle
into an ocean for social clout.
About 200 foreigners were
deported from Indonesia
between last March and May this
year for flouting various rules.
While some locals have little
tolerance for these tourists, many
business owners said they relied
on backpackers for a living,
including I Gede Eka Widyasta,
who runs the Amed Sunset Hotel.
“Before the pandemic, my
guests were mostly from Europe,
with backpackers making up 60
per cent of them,” Widyasta said.
“If backpackers are banned, I will
A motorcyclist on an empty street in the tourist area of Kuta in Bali.
still get guests but [the numbers]
would not be as high as I expected,
so this will impact my business.”
Australian Janet De Neefe, a
long-time Bali resident and
entrepreneur, said excluding
backpackers from the island
would dramatically change the
tourism culture there.
“I guess the concern is Bali was
built on a losmen [hostel] staying
in homestays with families. That’s
how the culture was permeating
in a way among the tourists,
because they were staying with
families, living close to Balinese
life,” she said. “So if you’re
stopping supposed backpackers,
it means that you are also killing
the very type of accommodation
that made Bali so beautifully
charming in the early days.”
De Neefe, who first came to
Bali in 1975, said it was always a
home to all kinds of tourists.
“[Bali in the 1970s] was kind of
a crazy, overgrown, tropical,
intriguing island. Even back then
there were a lot of hippies,
intrepid travellers, and the surfers.
But there were also the
beginnings of the wealthier,
middle-class travellers,” she said.
De Neefe said the goal to
attract fewer tourists but get them
to spend more money was tied to
the pandemic-related economic
hardship on the tourism sector.
Indonesia recorded just 4.02
million foreign tourist arrivals last
year, down 75 per cent from 2019.
Some are in favour of the ban.
“I always disagree with allowing backpackers into the country,
because they do not contribute
much to [state] income, although
there’s a lot of them,” said Azril
Azahari, head of the Indonesian
Tourism Scholars Association.
“We need to [count success]
based on tourist spending, or their
length of time in Indonesia.”
MALAYSIA
Ex-PM Najib not ruling out re-election to parliament
Reuters in Kuala Lumpur
Former Malaysian prime minister
Najib Razak had not ruled out
seeking re-election to parliament
within the next two years, he told
Reuters in an interview, despite a
corruption conviction that would
block him from running.
Najib’s corruption-tainted
party, the United Malays National
Organisation (Umno), clinched
the premiership last month after it
was ousted from power three
years ago over a multibilliondollar scandal.
Opponents had expressed
fears that party leaders facing
criminal charges could secure
leniency once back in control.
Najib, who served as premier
for nine years until 2018, was
found guilty of corruption last
year and sentenced to 12 years in
jail over one of many cases over
the misappropriation of money
from now-defunct state fund
1MDB. He has denied wrongdoing and has appealed against
the verdict, while calling for a
probe of his prosecution, which
he says was politically motivated.
He is still a member of parliament but the constitution bars
him from contesting elections un-
less he gets a pardon or a reprieve
from the country’s monarch.
Speaking to Reuters, the
former premier challenged his
disqualification, saying: “It is subject to interpretation.
“It depends on interpretation
in terms of the law, the constitution and whatever happens in
court proceedings,” he said.
Asked if he would contest the
next elections due by 2023, he
said: “Any politician who would
want to play a role would want a
seat in parliament.”
He declined to specify, however, how he could get around the
constitutional barriers.
Umno, which held power for
more than 60 years until outrage
over the 1MDB scandal and the
opulence displayed by Najib’s
family helped to dislodge it, is
eager to regain public trust under
Prime Minister Ismail Sabri
Yaakob’s nascent government,
which must also address factional
infighting.
Najib has pursued a publicrelations campaign to shed his
image as an elite and to portray
himself as a man of the people.
He remains a popular figure
on social media, where his
critique of past governments has
earned him praise.
Former PM Najib Razak still has political ambitions. Photo: Reuters
Najib said in the interview he
had discussed with Ismail Sabri a
possible role for him in
government. Media reports have
said he could be made an economic adviser.
The former premier would not
say if he would accept a position,
saying his priority was on clearing
his name.
He also said Umno’s return to
power guaranteed “temporary
political stability” and that he
would not call for early elections,
like he had with Ismail Sabri’s
predecessor Muhyiddin Yassin.
Malaysia has seen political
instability since the 2018 polls,
with two coalitions collapsing
because of infighting.
A future Najib candidacy
would face a constitutional
provision that any person
sentenced to imprisonment for
more than one year or fined more
than 2,000 ringgit (HK$3,700) is
disqualified from contesting a
parliamentary election.
Constitutional lawyer New Sin
Yew said the former prime
minister could run only if he
succeeded in his appeal, received
a royal pardon, or if the king used
his discretion to remove the
disqualification despite the conviction remaining in place.
Monday, September 20, 2021
A9
There has been lying, duplicity,
a major breach of trust and
contempt. This will not do
FRANCE’S FOREIGN MINISTER JEAN-YVES LE DRIAN REACTS TO AUSTRALIA’S
DECISION TO CANCEL A CONTRACT TO BUY FRENCH SUBMARINES
AFGHANISTAN
REFUGEE CRISIS
MINISTRY
FOR WOMEN
CLOSED BY
TALIBAN
Building is now home to official body ‘for the
propagation of virtue and the prevention of vice’,
as boys but not girls have gone back to school
Associated Press in Kabul
Afghanistan’s new Taliban rulers
set up a ministry for the “propagation of virtue and the prevention
of vice” in the building that once
housed the women’s affairs ministry, escorting out World Bank
staff as part of the forced move.
It was the latest troubling sign
that the Taliban are restricting
women’s rights just a month since
they overran the capital, Kabul.
During their previous rule of
Afghanistan in the 1990s, the Taliban denied girls and women education and barred them from
public life.
In Kabul, a new sign was up
outside the women’s affairs ministry, announcing it was now the
“Ministry for Preaching and Guidance and the Propagation of Virtue and the Prevention of Vice”.
Outside what had been the
women’s affairs ministry.
We have to talk.
We have to find a
middle ground
MABOUBA SURAJ, AFGHAN WOMEN’S
NETWORK
Staff of the World Bank’s
US$100 million Women’s Economic Empowerment and Rural
Development Programme, which
was run out of the women’s affairs
ministry, were escorted off the
grounds, said programme member Sharif Akhtar, who was among
those being removed.
Mabouba Suraj, who heads
the Afghan Women’s Network,
said she was astounded by the
flurry of orders released by the
Taliban-run government restricting women and girls.
On Friday, the Taliban-run
education ministry asked boys
from grades six to 12 back to
school, starting on Saturday,
along with their male teachers.
There was no mention of girls in
those grades returning to school.
Previously, the Taliban’s minister of higher education had said
girls would be given equal access
to education, albeit in gender-
segregated settings. “It is becoming really, really troublesome … Is
this the stage where the girls are
going to be forgotten?” Suraj said.
“I know they don’t believe in giving explanations, but explanations are very important.”
Suraj speculated that the contradictory statements perhaps reflect divisions within the Taliban
as they seek to consolidate their
power, with the more pragmatic
within the movement losing out
to hardliners among them, at least
for now.
Statements from the Taliban
leadership often reflect a willingness to engage with the world, talk
of open public spaces for women
and girls and protecting Afghanistan’s minorities. But orders to its
rank and file on the ground are
contradictory. Instead of what
was promised, restrictions, particularly on women, have been
implemented.
Suraj, an Afghan-American
who returned to Afghanistan in
2003 to promote women’s rights
and education, said many of her
fellow activists left the country.
She said she stayed in an effort
to engage with the Taliban and
find a middle ground, but until
now has not been able to get the
hard-line Islamic group’s leadership to meet activists who have remained in the country, to talk with
women about the way forward.
“We have to talk. We have to
find a middle ground,” she said.
Unesco’s Director General
Audrey Azoulay added her voice
to the growing concern over the
Taliban’s limitations on girls after
only boys were told to go back to
school. “Should this ban be maintained, it would constitute an important violation of the
fundamental right to education
for girls and women,” Azoulay
said in a statement upon her
arrival in New York for the opening of the UN General Assembly.
A former adviser to the women’s ministry under the previous
government sent a video message
from her home in Kabul, slamming the Taliban’s move to close
the ministry.
It is “the right of women to
work, learn and participate in
politics on the national and international stage”, said Sara Seerat.
“Unfortunately, in the current
Taliban Islamic Emirate government there is no space in the cabinet. By closing the women’s
ministry it shows they have no
plans in the future to give women
their rights or a chance to serve in
the government and participate
in other affairs.”
Earlier this month the Taliban
announced an all-male exclusively Taliban cabinet but said it was
an interim set-up, offering some
hope that a future government
would be more inclusive as several of their leaders had promised.
Haitian migrants wade through a dam to cross into Del Rio, in Texas, from Mexico. US authorities say they are planning to send the migrants back to their homeland. Photo: AP
Haitians undeterred by US plan to expel them
Associated Press in Del Rio, Texas
Haitian migrants seeking to
escape poverty, hunger and a feeling of hopelessness in their home
country said they would not be
deterred by US plans to send them
back, as thousands remained
encamped on the Texas border
after crossing from Mexico.
Scores of people waded back
and forth across the Rio Grande
on Saturday afternoon, re-entering Mexico to purchase water,
food and diapers in Ciudad Acuña
before returning to the Texas en-
campment under and near a
bridge in the border city of Del Rio.
Junior Jean, 32, watched as
people cautiously carried cases of
water or bags of food through the
knee-high river water. Jean said he
had lived on the streets in Chile
the past four years, resigned to
searching for food in dustbins.
“We are all looking for a better
life,” he said.
The Department of Homeland
Security on Saturday said it had
moved about 2,000 of the
migrants from the camp to other
locations on Friday for processing
and possible removal from the
US. It also said it would have 400
agents and officers in the area by
today morning and would send
more if necessary.
The announcement marked a
swift response to the sudden
arrival of Haitians in Del Rio, a
Texas city of some 35,000 people.
It sits on a relatively remote
stretch of border that lacks
capacity to hold and process such
large numbers of people.
A US official on Friday said the
US would likely fly out the
migrants on five to eight flights a
day, starting yesterday, while
another official expected no more
FRANCE
Pro-Trump rally draws sparse crowds
as US Capitol on high security alert
Australia and US
accused of lying
in escalating crisis
Reuters in Washington
Police vastly outnumbered
protesters around the US Capitol
at a sparsely attended rally by
supporters of the people who
breached the building on January
6, trying to overturn former
president Donald Trump’s
election defeat.
About 100 to 200 protesters
showed up, some carrying the
flags of right-wing group Three
Percenters over their shoulders. It
was far fewer than the 700 people
organisers had expected and the
thousands who brought mayhem
to the Capitol on January 6.
Hundreds of officers patrolled
the Capitol grounds and a black
2.44 metre-high fence which
surrounded the white-domed
building for about six months
after the attack was reinstalled in
anticipation of the event. One
hundred National Guard troops
were on standby.
As part of an effort by some of
Trump’s far-right supporters to
rewrite the history of the deadly
mob assault on the Capitol that
was captured in graphic video,
speaker after speaker insisted
hundreds of rioters arrested that
day were “political prisoners”.
Prosecutors and legal experts
say the cases are being handled
properly.
“This is about justice and
disparate treatment,” said Matt
Braynard, a rally organiser and
supporter of Trump’s false claims
that his defeat was the result of
widespread fraud.
While crowds were small,
passions rose at times, with sporadic yelling matches breaking
out between participants in the
rally and counter-demonstrators.
Police on bicycles moved in to
break up some of these squabbles.
A group of police officers in riot
gear removed one man from the
crowd who had a large knife
strapped to his hip.
Organisers said they expected
a peaceful event, but US Capitol
Police chief J. Thomas Manger
had told reporters there had been
threats of violence linked to the
rally and police were bracing to
prevent clashes between Trump
supporters and opponents.
Tony Smith, 40, of Upper
Marlboro, Maryland, said he had
come to voice his support for a fair
judicial process for those charged
in the breach of the Capitol. “If we
don’t honour that we don’t honour America,” said Smith, who
was carrying a poster board that
said “We Want Trump!”.
More than 600 people have
been charged with taking part in
the January 6 violence, which
followed a speech by Trump at a
nearby rally reiterating his false
claims that his election loss was
the result of widespread fraud.
Those claims have been rejected
by multiple courts, state election
officials and members of Trump’s
own administration.
All-civilian SpaceX crew complete historic mission
The quartet of newly minted
citizen astronauts comprising the
SpaceX Inspiration4 mission
safely splashed down in the
Atlantic off Florida on Saturday
evening, completing a three-day
flight of the first all-civilian crew
ever sent into Earth orbit.
The successful launch and return of the mission, the latest in a
recent string of expeditions bankrolled by their billionaire passengers, marked another milestone
in commercial astro-tourism, 60
years after the dawn of human
space flight.
“Welcome to the second space
age,” Todd “Leif” Ericson, mission
director for the Inspiration4 venture, said after the crew returned.
SpaceX, the private rocketry
company founded by Tesla CEO
Elon Musk, supplied the space-
craft, launched it, controlled its
flight and handled the splashdown recovery operation.
The three-day mission ended
as the SpaceX Crew Dragon capsule, dubbed Resilience, parachuted into calm seas around
7pm (7am yesterday in Hong
saying they were afraid to return
to a country that seemed more
unstable than when they left.
“In Haiti, there is no security.
The country is in a political crisis,”
said Fabricio Jean, 38, who arrived
with his wife and two daughters.
Haitians have been migrating
to the US in large numbers from
South America for several years,
many having left their Caribbean
nation after a devastating 2010
earthquake. Many made the
dangerous trek by foot, bus and
car to the US border, including
through the infamous Darien
Gap, a Panamanian jungle.
UNITED STATES
SPACE
Reuters
than two a day and said everyone
would be tested for Covid-19.
The first official said
operational capacity and Haiti’s
willingness to accept flights would
determine how many flights there
would be. Both officials were not
authorised to discuss the matter
publicly and spoke on the
condition of anonymity.
Told of the US plans on Saturday, several migrants said they
still intended to remain in the
encampment and seek asylum.
Some spoke of the recent earthquake in Haiti and the assassination of President Jovenel Moïse,
Kong), just before sunset, following an automated re-entry, as
shown during a live SpaceX webcast on its YouTube channel.
The return from orbit meant a
plunge through the atmosphere
generating frictional heat that
sent temperatures outside the
The capsule splashes down into the Atlantic off Florida. Photo: AP
capsule soaring to 1,900 degrees
Celsius.
Within an hour the four smiling crew members were seen
emerging from the capsule’s side
hatch after the vehicle, visibly
scorched on its exterior, was
hoisted from the ocean to the deck
of a SpaceX recovery vessel.
Each stood on the deck for a
few moments in front of the capsule to wave and give thumbs-up
before being escorted to a medical
station on board for check-ups at
sea. Afterwards they were flown
by helicopter back to Cape Canaveral for reunions with loved ones.
First out was Hayely Arceneaux, 29 – a physician assistant in
Tennessee and a childhood cancer survivor who is the youngest
person ever to reach Earth orbit.
She was followed by geoscientist and former Nasa astronaut
candidate Sian Proctor, 51; aerospace data engineer and Air Force
veteran Chris Sembroski, 42; and
the crew’s billionaire benefactor
and “mission commander” Jared
Isaacman, 38.
“That was a heck of a ride for
us,” Isaacman, chief executive of
the e-commerce firm Shift4 Payments Inc, radioed from inside
the capsule just after splashdown.
“We’re just getting started.”
He had paid an undisclosed
sum – put by Time magazine at
roughly US$200 million – to fellow
billionaire Musk for all four seats
aboard the Crew Dragon.
The Inspiration4 team blasted
off on Wednesday from Cape Canaveral atop one of SpaceX’s twostage reusable Falcon 9 rockets.
Within three hours the crew
capsule had reached a cruising orbital altitude of 585km – higher
than the International Space Station, and the farthest any human
has flown from Earth since Nasa’s
Apollo programme ended in 1972.
French foreign minister launches scathing attack
after new security pact scuppers submarine deal
Agence France-Presse in Paris
France accused Australia and the
United States of lying over a ruptured Australian contract to buy
French submarines, saying a crisis
was under way between the allies.
President Emmanuel Macron
on Friday recalled the ambassadors to Canberra and Washington
in an unprecedented move to signal his fury at Australia’s decision
to break a deal for the French submarines in favour of American
nuclear-powered vessels.
The row has, for now, ended
hopes of a post-Donald Trump renaissance in relations between
Paris and Washington under
President Joe Biden and focused
French attention on boosting the
European Union’s security strategy as it ponders Nato’s future.
Speaking on television, Foreign Minister Jean-Yves Le Drian
gave no indication Paris was prepared to let the crisis die down,
using distinctly undiplomatic language towards Australia, the US
and Britain, which is also part of
the three-way security pact.
“There has been lying, duplicity, a major breach of trust and
contempt. This will not do,” Le
Drian said.
He described the withdrawal
of the ambassadors for the first
time in the history of relations
with the countries as a “very symbolic” act aimed “to show how unhappy we are and that there is a
serious crisis between us”.
Australian Finance Minister
Simon Birmingham again insisted yesterday his country had informed the French government
“at the earliest available opportunity, before it became public”.
He said it was “always going to
be a difficult decision” to cancel
the French deal.
“We don’t underestimate the
importance now of … ensuring
that we re-establish those strong
ties with the French government
and counterparts long into the future,” he added.
Prime Minister Scott Morrison
said he understood France’s disappointment. “But at the same
time, Australia like any sovereign
nation must always take decisions
that are in our sovereign national
defence interest.”
Le Drian also issued a stinging
response to a question over why
France had not recalled its ambassador to Britain. “With Britain,
there is no need. We know their
constant opportunism. So there is
no need to bring our ambassador
back to explain,” he said.
Jean-Yves Le Drian said there had
been a “major breach of trust”.
France would make a priority
now of developing an EU security
strategy when it took on the bloc’s
presidency at the start of 2022, Le
Drian said.
Admiral Rob Bauer, chair of
Nato’s Military Committee, earlier played down the dangers, saying it was not likely to have an
impact on “military cooperation”
within the alliance.
Biden announced the new
Australia-US-Britain defence alliance on Wednesday, extending
American nuclear submarine
technology to Australia as well as
cyberdefence, applied artificial
intelligence and undersea capabilities. The pact is seen as aimed
at countering the rise of China.
A10
Monday, September 20, 2021
China’s approach to
space is one that the
US should learn from
T
hree Chinese astronauts who spent a record three
months aboard the Tiangong have returned to Earth
safely to mark another milestone in China’s ambitious
space programme. Their return from the space station,
currently under construction, came as President Xi
Jinping reaffirmed the importance of the nation’s space programme
as part of the country’s “great rejuvenation”.
Xi focused on the importance of safeguarding space not only as a
strategic asset for China but also for international cooperation,
during a visit to a key satellite monitoring and control centre in Xian,
capital of Shaanxi province. As an emerging space superpower,
China wants to work with others, including the United States, on
space exploration where possible, and to avoid competing, especially
militarily. This Xi said, meant there was a need to cooperate
internationally on security issues to improve effectiveness in
managing crises in space.
Unfortunately, this view may not be shared by Americans, who
seem far more committed to competing against and containing
China. Recently, Nasa’s new administrator, Bill Nelson, described
China as “a very aggressive competitor” and was being very secretive
with its space programme. That is far from the truth. China has
already invited foreign science bodies to propose experiments to be
conducted aboard the Tiangong when its construction is completed
next year. Countries such as France and Argentina have already
responded positively to the invitation.
The Tiangong will be the largest infrastructure constructed and
maintained by a single country in near-Earth orbit. It may also be the
only one available in the next decade as the International Space
Station is near its life term and faces decommissioning unless the US
commits new funding for rebuilding. All along, though, Beijing has
promised to share the Chinese space station, where possible, as an
international resource. It’s worth keeping in mind that the US
deliberately banned China from taking part in ISS projects.
The three-month mission of the three astronauts and their
“flawless” return showcase China’s technological capability. Another
three astronauts – possibly including a first woman – are expected to
head to the Tiangong in October, this time doubling their stay to six
months in orbit. In December, China became the third country to
return rock and soil samples from the surface of the moon. And in
May, it landed a six-wheeled rover on Mars, making it the second
country after the US to land on the red planet.
Washington is bent on militarising space, to the extent that it has
even set up a new branch of the armed services not too subtly named
the US Space Force. By contrast, China’s space programme is nonconfrontational and aims at innovative technological development
and international cooperation.
Speed up regulations
to make roads safer
H
ong Kong officials can seemingly enact even the
most contentious laws in no time these days. Yet
they sit idle on life-and-death issues. A case in point
is the worrying trend of drivers texting and
communicating via touch-screen devices on their
dashboards. The government has been studying the need for
regulation from as early as 2014 but little progress has been made.
An amendment bill introduced in 2000 practically bans the use of
phones while driving, except when the calls are made or received via
hands-free devices. But with smartphones being able to perform so
many more functions nowadays, the law is lagging way behind. It is
not unusual to see people tapping away behind the wheel – be it for
driving directions or responding to messages. Some taxi drivers even
clutter their dashboards with multiple gadgets for taking orders for
rides while navigating along busy highways.
Using touch-screen devices while driving can be just as distracting
as holding a phone. This has been recognised by the government. But
officials said drivers also had practical needs for using such devices,
such as for GPS navigation, real-time traffic conditions and parking
space. Secretary for Transport and Housing Frank Chan Fan said the
Transport Department was studying the development of mobile
phones and other devices used in vehicles, along with the need to
regulate the number and location of such technologies, as well as
how and why they were used. In fact, similar responses were offered
when the issue was brought up in the Legislative Council in 2014 and
2018. Years have passed but no decisions have been made.
There were an annual 21,500 to 25,700 enforcement actions
against motorist using mobile phones without hands-free devices
over the past few years, according to the government. The use of
touch-screen devices while driving is likely to be even more rampant.
That said, any law should go further than just capping the number of
devices placed on dashboards. Legitimate use of technology by
motorists should be allowed without compromising road safety. The
government should speed up the legislative process before it is
outpaced by technology yet again.
Tammy Tam Editor-in-Chief
Chow Chung-yan
Executive Editor
Zuraidah Ibrahim
Executive Managing Editor
Brian Rhoads
Managing Editor
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Democracy not
lawlessness is
thriving in India
I refer to the article “Former minister urges youth to stick to the
law” (September 15), in which India is cited as a democracy where
“people disregard the law”.
Control and balance are provided in a democracy and freedoms upheld, first of all, by the
citizens themselves with the
power they wield through their
right to vote in or out a government, and second by an independent judiciary.
Democracy is thriving in India
because of both these elements.
The courts have the independence to rule according to the law
and the laws are made by the legislature that the people elect. No
one is above the law as has been
evident from court rulings that
sometimes even go against the
government, particularly by the
Supreme Court.
Mr Wong Yan-lung’s contention that many people in democratic India disregard the law is
ludicrous and outright insulting.
If that were the case, there would
have been absolute anarchy and
institutions would have collapsed
a long time ago.
India would not be an investment destination for anyone. Perhaps Mr Wong is unaware of the
US$81.72 billion in foreign direct
investment that India attracted in
the 2020-21 financial year or that
India has the fifth-largest gross
domestic product in the world.
Every country and every society has people who break the law
and, yes, India has its fair share of
them, but as with everything else,
the numbers must be put in the
context of the size of the
population. However, most importantly, India has an independent judiciary to try those who
break the law.
Even a “flawed” democracy
scores over an autocracy any day,
if basic freedoms are valued and
the history of the world is anything
to go by.
Anurag Bhatnagar, Mid-Levels
Cryptocurrency harms the
planet and fuels crime, so
should be avoided at all costs
I am writing in response to the article, “Cryptocurrency crime in Hong Kong hits
record levels, with one victim losing HK$124 million to fraudsters” (August 2).
Adoption of cryptocurrency by Hong Kong as a new avenue of investment isn’t the
right way to go.
Cryptocurrency is popular because of its resistance to governance and monitoring.
The anonymity of users and the convenience of conversion of digital money into cash
using cryptocurrency ATMs or online cashable gambling chips add to the traceability
problem. This has made it the favourite mode of payment for all illegal actors – be it tax
fraud, terrorist financing, ransomware extortion or drug trafficking. In July, the Hong
Kong police busted such a racket worth HK$1.2 billion. There are many more such
examples.
According to a report by blockchain analysis firm Chainalysis, in 2019, criminals
used a cryptocurrency to launder US$2.8 billion. The United Nations notes that
money laundering annually amounts to an estimated US$800 billion to US$2 trillion.
Cryptocurrency also has a massive impact on the environment. Cheap sources of
power are needed to keep powerful machines operating at full capacity to crack
complex algorithmic puzzles to gain rewards in the form of digital coins.
This is viable only when the source of energy is cheap and abundant, and this is
where fossil fuels come into play. It is estimated that bitcoin consumes nearly 100 TWh
of electricity per year, which is huge when one compares it with the Netherlands’
energy consumption of around 110 TWh a year. China accounted for 65 per cent of
world’s electricity usage for cryptocurrency mining in June, and 60 per cent of the
country’s consumed energy is powered by coal.
This manic energy consumption is likely to only increase. The puzzles are getting
more complicated and need greater processing power to solve, thus increasing
demand for cheaper energy. Besides, with rising cryptocurrency prices, more miners
with less energy-efficient machines are getting involved. A study published in Nature
Climate Change in 2018 estimated that at this rate, cryptocurrency mining may
increase global warming by 2 degree Celsius within less than three decades.
Due to the above two reasons, cryptocurrency is a doubly dirty currency and
should be avoided at all costs unless there are stronger regulations to monitor and halt
the above negative impacts.
Avisekh Biswas, Lantau
SCALE OF JUSTICE
Hong Kong’s welfare minister expressed support for a new
criminal offence punishing those who fail to protect children
from death or serious harm, but was silent on the
recommendation to punish the offence with up to 20 years in
jail. Do you agree that the penalty is too severe?
An Indian voter
stands in front
of a mural in
Uttar Pradesh.
Photo: AP
Racial profiling
is worse than
socially divisive
Last month, beauty retailer
Sephora was accused of racially
profiling a woman of Pakistani descent after its staff checked her
bag as she was leaving the store
without a valid explanation. While
this is just another addition to the
list of similar cases that have
occurred over time, what is a bigger letdown is that a multinational
company is involved. We have
reached a point where shopping is
regarded as a privilege.
Hong Kong is often described
as an open, tolerant and pluralistic community, but multiculturalism still remains a myth for
members of the city’s ethnic minority communities. There is definitely a problem when race
undermines a person’s credibility
as a customer in a shop. In fact,
many ethnic minority shoppers
consciously avoid touching product samples and make sure they
are well dressed to reduce the likelihood of racial profiling.
It is commonly argued that
Hong Kong salespeople are just
generally “unfriendly” and not
racist, though this reasoning is farfetched. This would have been
valid if local Chinese and ethnic
minority shoppers were subjected to racial profiling at a proportional rate but that is not the case.
Ethnic minority shoppers endure this attitude far more regularly because there are common
racial stereotypes against them.
Racial profiling is clearly derived
from racist attitudes to ethnic minorities when the supposed “unfriendly” attitude of salespeople is
expressed as bag searches.
Racial profiling is an egregious
and highly toxic form of discrimination since it leads to an even
greater polarisation of society.
Such misrepresentation of ethnic
minorities broadens their struggle
to integrate and compromises
their ability to hold reputable positions.
To overcome the racial exclusion that is embedded in our
society, people should take responsibility for educating themselves about racial equity,
diversity and inclusion to unlearn
implicit bias. Otherwise, we will
not be able to overcome the
majority-minority divide, a divide
that has marginalised ethnic minority residents for as long as they
have existed in Hong Kong.
Bibi Kulsoom, Kwai Tsing
China’s schools
can learn a lot
from Singapore
China has banned written exams
for the first and second grades of
primary school. For other grades,
the Ministry of Education allows a
final exam every semester.
It is believed the new rules will
relieve pressure on parents and
students in China’s highly competitive education system, and
perhaps prevent children from
low-income families who cannot
afford tuition from losing at the
starting line. The system could
surely be fairer. Besides, children
should know studying is just not
about passing exams.
Singapore, which has a worldclass education system, has cancelled all exams for primary one.
Instead, classwork, homework
and quizzes are used to gauge students’ progress.
A low test score in primary
school should not be taken to
mean the child has achieved
nothing. When parents are too
anxious about children’s test
scores, this only diminishes children’s interest in learning and
makes them lose confidence.
Singapore evidently attaches
great importance to children’s
enjoyment of learning, which
may be one of the reasons for the
country’s success in education.
In contrast, the Chinese system traditionally places too much
emphasis on results, and many
parents attach great importance
to children’s test scores.
Another problem is that
wealth inequality often results in
education inequality. Even with
China’s new rules, the status quo
will remain the same. For the system to become truly fair, people
should change their mentality towards education and stop focusing on academic results.
Otherwise, all the rules in the
world will not make a difference.
Lilian Yau, Tseung Kwan O
Monday, September 20, 2021
A11
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Awkward questions
Christian Le Miere says the US-led Aukus alliance leaves some important allies out in the cold
O
n September 15, something
both significant and unsurprising happened. The United
States, United Kingdom and
Australia announced a new
trilateral security partnership, known as
Aukus, designed to share defence industrial
information and collaborate militarily.
The agreement is significant because it
adds a new element to the US-based IndoPacific alliance system. It also offers almost
unprecedented levels of defence industrial
cooperation.
At the same time, it is unsurprising because the three parties are strong historical
allies and part of the wider Anglospheric intelligence system. Strengthening their relationship is probably the most obvious step
the US and UK could take to deepen their
regional presence. But Aukus is interesting
not just for what it entails and which countries are included, but also for which countries are excluded. The agreement deepens
existing ties and diversifies the alliance system in the Indo-Pacific, but by focusing on
three countries it also shuts out other key
European and Anglophonic countries.
Meanwhile, the development of Aukus
is a clear sign of America’s intent to balance
China’s growing military capability
through its regional alliances. It highlights
how China’s policies towards regional
states might have alienated Beijing and
undermined the country’s position in the
Indo-Pacific.
Aukus will focus in the immediate term
on the development of nuclear-powered
submarines for Australia, with an 18month collaborative programme to determine the best way to deliver them.
The country has had a decade-long
programme to acquire replacement submarines, and had already signed agreements with France for 12 diesel-electric
attack subs. But diesel-electric submarines
have a much shorter range and are easier to
detect than nuclear-powered vessels.
For Australia, the decision to develop
nuclear-powered submarines indicates
that it wants this capability to be far more
regional – operating across the Indo-Pacific
– rather than local.
Nuclear propulsion technology is exceedingly sensitive. The US has only shared
this information with one other country –
the UK – following a 1958 agreement. Including Australia under this technological
umbrella demonstrates the deep level of
trust between these historical allies.
Beijing’s sanctions
alienated Australia
and strengthened
Canberra’s resolve
to deepen its ties with
the United States
It also underlines the steps the US is
willing to take to further its Indo-Pacific
strategy. That strategy is primarily aimed at
shifting the weight of America’s global force
disposition towards the western Pacific
while also deepening and diversifying its
alliances across the region. Hence, Washington has prioritised its diplomacy with
countries such as Japan – the country visited first by Secretary of State Antony Blinken
after assuming his role in early 2021.
The US has also sought to strengthen
existing alliance structures. For instance, it
has concluded a cost-sharing agreement
with South Korea for US troop deployment
there. It has also developed new ones,
particularly through groups such as the
“Quad”, which includes Australia, India,
Japan and the US.
Similarly, it demonstrates the UK’s eagerness to be more present in the region as
part of its tilt to the Indo-Pacific. Just last
week, Britain deployed two offshore patrol
vessels to the region – one in the Indian
Ocean and one in the Pacific – on five-year
missions meant to demonstrate the
country’s persistent presence.
But while Aukus creates a new alliance
acronym in the region, it might also be
viewed with suspicion by other US allies. By
further solidifying the US shift to the
Indo-Pacific, it suggests a weakening of the
importance of Europe-based alliance
systems such as Nato. For France, which
is likely to lose a US$66 billion contract
for submarine development, the
announcement is particularly galling.
Foreign Minister Jean-Yves Le Drian
and Armed Forces Minister Florence Parly
said in a joint statement that the “removal
of an ally and a European partner such as
France from a structuring relationship with
Australia … marks an absence of coherence
that France can only observe and regret”.
They added that “the regrettable decision
… reinforces the need to raise the issue of
European strategic autonomy loud and
clear”.
But it is not just European allies being
excluded. The US, UK and Australia
are three members of the “Five Eyes”,
perhaps the most successful multilateral
intelligence-sharing forum globally.
Canada and New Zealand, the other two
members, have been excluded. Neither
country has nuclear-powered submarines,
and New Zealand explicitly prohibits
nuclear-powered vessels from its waters,
making it difficult to include them in
the agreement, but it is hard not to feel
ostracised when your friends form their
own intragroup gang. For New Zealand,
which has been part of the trilateral Anzus
collective security grouping with Australia
and the US since 1951, the exclusion is likely
to be even more stark.
There is one other country that will be
concerned by Aukus – China. Although US
President Joe Biden, Australian Prime
Minister Scott Morrison and British leader
Boris Johnson were at pains to stress that
the new agreement was not aimed at any
particular country, there is no doubt this
pact would not have occurred were it
not for regional concerns about China’s
assertive behaviour.
It highlights not just how US and allied
policy is increasingly oriented towards
countering Beijing’s military presence in
the Indo-Pacific, but also how China’s own
policies can backfire.
Australia and China have been locked in
a bitter trade dispute since early 2020. After
Canberra introduced stricter overseas investment scrutiny and called for an independent investigation into the origins of
Covid-19 – an unforgivable sin in China’s
eyes – Beijing slapped sanctions on a range
of Australian exports. Aukus might have
happened even without the SinoAustralian trade dispute, but it is also undeniable that Beijing’s sanctions alienated
Australia and strengthened Canberra’s resolve to deepen its ties with the US. Now
China will have to contend not just with US,
UK and French nuclear submarines in its
backyard, but also with Australian ones.
Meanwhile, the Aukus allies will continue to seek new ways to strengthen their
new-found partnership, discussing a range
of issues from military collaboration to
ways to counter China’s trade policies.
For Beijing, the awkwardly named
Aukus raises some exceedingly awkward
questions and concerns.
Christian Le Miere is a foreign policy adviser and
founder of Arcipel, a strategic consultancy
How a political
relic became
a potent force
Alice Wu says as the new centre of
legislative power in Hong Kong, the
Election Committee members are
expected to be more vocal, especially
about the chief executive’s policies
I
t was all quiet on the polling front in Hong Kong
yesterday. The Election Committee elections came
and went almost unnoticed. Yes, there were
banners hung on the streets. And there was a bizarre
incident earlier this month when a woman snatched a
stack of fliers promoting the new and improved
electoral arrangements from lawmaker Eunice Yung
Hoi-yan, who was passing them out on the street.
But there hasn’t been much to watch, and we can’t
blame it on Covid-19. For ordinary folk without the
special privilege of being among the 4,889 eligible
electors in yesterday’s election, it was surreal, at best.
For months, we have been told that the revamped
Election Committee is the centrepiece of the new and
improved political system that Beijing has tailor-made
for Hong Kong – the anchor that would ensure political
and social stability.
Originally, the Election Committee’s role was
expected to be downgraded: from selecting the chief
executive to nominating chief executive candidates to
be elected by the people.
Yet, it has gone from becoming a political relic to
being the centre of political power. Now, it will not only
nominate and select the chief executive, it will
nominate Legislative Council candidates and has the
political privilege to elect 40 lawmakers.
That’s 40 out of the 90 seats in the new Legco – twice
the number to be directly elected by voters in
geographical constituencies, and 10 more than the
indirectly elected functional constituency seats.
So, things will not stay quiet for long on the political
scene. We will begin to see Election Committee
members becoming more vocal. We should also
expect to see those who wish to contest the 40 Legco
seats returned solely by the Election Committee to
make their presence felt.
And it will be interesting to see how these aspiring
candidates reach out to and garner support from
different sectors. One thing we know is that while they
will need to raise their public profile, they may not have
With the policy address
coming up, Carrie Lam will
need to deliver more than
just ambiguous ‘visions’
Much to ponder in the race to be next chief executive
Mike Rowse says several hopefuls remain in the reckoning while Carrie Lam is fighting on
T
here are still six months to go before
the next chief executive election, but
the race is heating up. In view of the
fast-changing backdrop, I thought it might
be good to do a stocktaking exercise to help
track future developments.
Judging from his recent silence, former
chief executive Leung Chun-ying has taken
himself out of the running. This is wise. It is
questionable whether Beijing would have
allowed a comeback because that would
have called into question the original
decision in 2017 to switch horses.
Incumbent Carrie Lam Cheng Yuetngor is still fighting for a second term.
Despite reports in some quarters that
Beijing has ruled her out, she continues to
see herself as a viable candidate.
Either she hasn’t heard the rumours or
doesn’t believe them and wants to fight on.
Her recent announcement of a significant
restructuring of policy bureaus fits into this
scenario. Splitting the transport and
housing portfolios into separate policy
areas was first suggested years ago.
When Hong Kong’s housing
development was largely “rail led”, it made
sense to push them both together, but it
has been obvious for a long time that the
job is just too big for any one person.
Certainly, the incumbent has struggled.
The question will be how to coordinate
housing with land supply, and of course
both have to be coordinated with
transport. There’s no point having land
suitable for housing development if there
is no access to it.
Lack of coordination seems to be at the
root of the problem, and creating a bureau
by itself will not solve it. Nobody seems to
be taking a holistic view of these three
overlapping areas – until that is addressed
the situation is unlikely to improve.
Creating the post of minister for culture
is not a new idea, either. Leung proposed
the same thing in 2012 as part of a grand
ministerial scheme. The pan-democrats
offered to support two new bureaus but
asked for more time to consider the deputy
posts. The compromise was rejected and
the whole plan died. Lam has insisted that
floating the proposals now is not an
indication of running for a second term.
Regardless of whether that disclaimer is
genuine, it was still helpful to remind
everyone she is not a lame duck.
When I last wrote about this subject in
mid-June, I considered Financial Secretary
Paul Chan Mo-po to be the only serving
senior official worth considering but
thought he might not be interested in
moving out of his comfort zone. How
quickly things change.
Judging by the number of high-profile
public appearances he has made in recent
weeks and the range of subjects he has
discussed, Chan is clearly testing the
waters. He reportedly has powerful
backers who feel it is time the sun set on
the Lam administration.
Out of nowhere, a new horse has joined
the race with the appointment of former
security secretary John Lee Ka-chiu as chief
secretary. Lam reportedly wanted to
offload Matthew Cheung Kin-chung and
replace him with one of the younger
ministers in her cabinet.
Lee was not her choice, so he must have
separate backchannels to the powers that
be in Beijing. In announcing the
appointment, Lam indicated she expected
him to focus on security-related matters
Another name being
whispered in the
corridors of power is
that of former police
chief Chris Tang
while she would continue to be in charge of
everything else. It is by no means certain
that Lee, or those who put him in place,
take a similarly restricted view of his
portfolio.
Another name being whispered in the
corridors of power is that of former police
chief and now security secretary Chris
Tang Ping-keung. He is younger than Lee,
which might work in his favour. Tang
could be a name for the future, but he is a
rough diamond at the moment.
His queries about membership of the
Hong Kong Journalists Association are
legitimate when put in his own name. But
his use of expressions such as “people are
asking” and “some people are saying” are
eerily reminiscent of the tactics used by a
certain orange-topped politician on the
other side of the Pacific. Most people I
know agree that one Donald Trump in a
lifetime is enough.
We shouldn’t write off the prospects of
Regina Ip Lau Suk-yee. She might have
blotted her copybook 20 years ago, but her
loyalty to the central government has
never wavered. This week, Ip will speak at
the Foreign Correspondents’ Club on
whether China has kept its promises to
Hong Kong. It is hard to see another name
on this list who could be relied on to
handle such a hot topic.
I would like to squeeze in one more
name – former justice minister Wong
Yan-lung. In 2012 I saw him as a possible
dark horse, but he returned to the private
sector and relative obscurity. He surfaced
last week at an event organised by the
Youth Development Commission, saying
all the right things. Still a youthful 58, he
could be viewed by many as a good choice.
The new Election Committee will have
a lot to ponder, but I still think we won’t
know all the runners until December.
Watch this space.
Mike Rowse is the CEO of Treloar Enterprises
a support base in the local communities to help and
run their election campaigns. They will need to engage
the public and navigate the power corridors of the
1,500-member Election Committee.
There is also the shifting political dynamics of
traditional parties vying for non-geographical seats.
These contests will appear tame but, given the colossal
changes made to the political ecosystem, these
traditional political actors are going to fight for their
space in this new configuration.
The pressure is really on the chief executive,
because we should expect many to be increasingly
vocal about their support or criticism of her policies as
a way of expounding on and communicating their
political ideas. The opposition is no longer there to
deflect and distract. And, with the policy address
coming up, Carrie Lam Cheng Yuet-ngor will need to
deliver more than just ambiguous “visions”.
Those looking to run in the December Legco
elections will surely be addressing today’s pressing
problems. Xia Baolong, director of the State Council’s
Hong Kong and Macau Affairs Office, has set the
key performance indicator: delivering results in
several policy areas every year that residents can
“see, touch and feel”.
Envisioning land supply 10 years down the line is
not something residents can see, touch or feel now.
The consumption voucher scheme may have boosted
the city’s economic numbers and indicators, but we
cannot pretend that it’s more than a mirage.
Many businesses are barely hanging on and
families continue to struggle. Even kindergartens
are closing down. Lam will have to find answers for
these “food on the table” real-life questions. And no,
they can’t wait until the financial secretary’s budget
next year.
The Election Committee, with an extensive job
description and a greater political stake, will be
very much a part of the upcoming policy address
discussion and beyond. It cannot be a front that
remains silent because, however privileged, it cannot
afford to be disconnected from ordinary people and
the community.
Alice Wu is a political consultant and a former associate
director of the Asia Pacific Media Network at UCLA
Former chief secretary Henry Tang Ying-yen hands out
fliers for the Election Committee poll. Photo: Edmond So
A12
Monday, September 20, 2021
Mission accomplished
The return to Earth of a trio of astronauts marks the latest milestone in China’s ambitious space programme. The 90-day mission by Nie
Haisheng, Liu Boming and Tang Hongbo was the first of four planned crewed trips to Tiangong, the nation’s first permanent space station, which
is being assembled in low-Earth orbit. The astronauts conducted spacewalks, validated life-support systems, deployed a 10-metre robotic arm,
carried out scientific experiments and sorted out supplies for future trips. They also had a video call with President Xi Jinping and a live chat with
200 Hong Kong students. Automated trips, using Long March rockets carrying Tianzhou 3 spacecraft (below), will also take cargo to the station.
These images, by astronaut Tang Hongbo (below right), Xinhua, China Manned Space Agency, VCG and China News Service, trace the mission.
%
-4.9
Hang Seng Index (change on the week):
Close: 24,920.76 Down: 1,285.15
Monday, September 20, 2021
THE VIRTUAL GOLD RUSH
SOCKET SCIENCE
Money flooding into metaverse ecosystem but questions
remain over how it should develop > TECHNOLOGY B2
Montreal
Exchange
extends
trading day
How hip resurfacing is giving midlife sportsmen
a second shot at sporting glory > LIFE B12
FINANCE
Cutting-edge transport
Lenders ‘reluctant’
to offer further
African debt relief
Extra four hours aimed
at giving Asia-Pacific
investors more access
to Canadian derivatives
Some Chinese creditors say G20 scheme to help
poor nations has left them at a disadvantage
Enoch Yiu
enoch.yiu@scmp.com
Canada’s derivatives exchange
has extended its trading day by
four hours to encompass the time
zones of Hong Kong and other
Asian cities, as it aims to tap the
fast-growing Asia-Pacific market,
according to its chief executive.
From today, the Montreal
Exchange will trade 20.5 hours a
day, from 7.30am Hong Kong
time – including a 30-minute pretrading session in the morning –
to 4am the following day (7.30pm
to 4pm the next day EDT), so that
investors in the Asia-Pacific can
trade Canadian derivatives.
The derivative products were
most likely to appeal to institutional investors rather than
individuals, analysts said.
The move comes three years
after the Canadian bourse
extended its trading time by four
hours to cover the opening of the
London market, which brought in
more European investors.
“The bourse hopes the further
extension will allow it to capture
the fast-growing Asia-Pacific
market,” Luc Fortin, president
and chief executive of the Montreal Exchange, said in a Zoom
interview.
“The extension of trading
hours is part of the Montreal
Exchange’s globalisation strategy,
as we continue to push the
evolution of our markets and
address the increasing global
demand for Canadian derivatives.
“In keeping with the trend of
global capital flows, pension
funds in Asia have significantly
increased their international exposure. We have seen strong
growth of Asia-Pacific investors in
our market and we believe the
extension will attract more
trading volume from the region.”
The Montreal Exchange is a
derivatives exchange in Frenchspeaking Quebec that trades
futures and options on equities,
indices, currencies, energy and
interest rates. It is part of the TMX
Group, which runs a number of
exchanges in Canada.
Since the extension of trading
hours in London, about 5 per cent
to 7 per cent of total trading volume had taken place in the extra
period, Fortin said. He believed
the extra Asian trading window
would have a similar effect. He
said global investors were most
keen interest rate derivatives.
While Canadian derivatives
may not hold much appeal for
Hong Kong retail investors, they
are likely to be of interest to institutional investors such as pension
fund managers, according to
Robert Lee, chairman of the Hong
Kong Securities Association.
“It also shows international
derivatives exchanges are taking
Hong Kong and other Asian
market seriously,” Lee said.
Jevans Nyabiage
jevans.nyabiage@scmp.com
Maintenance workers in Shanghai change tracks on the highspeed railway linking the city to Hangzhou in Zhejiang province.
More than 160 pairs of trains serve the route each day, covering
the 200km line in as little as 45 minutes. Photo: Xinhua
EMPLOYMENT
RISE OF GREEN FINANCE
HEATS UP TALENT WAR
Growing demand for executives able to devise sustainability strategies,
deal with compliance and structure investment products leads to shortage
Eric Ng
eric.mpng@scmp.com
The rising demand for corporate
sustainability data disclosures,
strategy formulation and green
finance products has led to the
emergence of a “talent war” in
Hong Kong as it vies to become a
regional hub, finance executives
said.
“It has already been very
competitive in Hong Kong, where
we have seen in the past few
months [an escalating] talent war
in the banking industry,” Gaelle
Olivier, Asia-Pacific chief
executive of French bank Societe
Generale, told the EU-HK Green
Way conference last week.
As requirements for environmental, social and governance
(ESG) performance disclosures by
listed firms and climate risk
reporting by investment funds
were stepped up, talent demand
would continue to increase, said
Julia Leung, deputy chief executive of the Securities and Futures
Commission.
Under rules that took effect in
July, listed firms must report
direct and indirect greenhouse
gas emissions volumes, describe
emissions and energy use effi-
ciency targets and disclose
measures taken to achieve them.
They should also describe relevant climate change risks and
opportunities, as well as actions
taken to manage them.
For fund houses, after a 12- to
15-month preparatory period,
those managing assets worth
HK$8 billion or more must provide greenhouse gas emissions
data for underlying investments
of their products and on the fund
level. They must also develop a
plan within a “reasonable” time
frame to evaluate the resilience of
their investment strategies under
different degrees of global
warming in the future.
About US$12 billion of green
bonds and loans for projects with
environmental benefits were
issued in Hong Kong last year,
US$12b
The value of green bonds
and loans for projects with
environmental benefits
issued in the city last year,
according to official figures
according to Secretary for Financial Services and the Treasury
Christopher Hui Ching-yu. The
government plans to issue
US$22.5 billion of green bonds in
the next five years.
As financial institutions, listed
companies, audit firms and
consultancies build up their
capabilities to cope with these
requirements, the first round of
new recruits is often targeted at
senior executives from abroad.
“Many of the people have
come from the US, Australia and
Europe,” said John Mullally,
regional director for southern
China and Hong Kong financial
services at recruitment firm
Robert Walters. “A lot of the time,
the firms are hiring for the first
time and are only hiring one
person, so they need the person to
be reasonably experienced.”
Recruited to formulate sustainability strategies, build compliance teams and structure green
finance products, these executives were often offered salary
increments of 20 per cent to 25 per
cent, or even 40 per cent, due to a
talent shortage, he said.
To have a good match, the
ideal candidates must have a
successful track record of working
with people from multiple disci-
plines, as they are not likely to
have all the skills required.
“It’s a mix of understanding of
how financial markets work, besides the science, the compliance,
risk management and business
model issues,” said Matthew
Chan, head of public policy and
sustainable finance at the Asia
Securities Industry & Financial
Markets Association.
The government’s Green and
Sustainable Finance CrossAgency Steering Group last year
established a working group to
build up the city’s talent pool.
Grace Hui, head of green sustainable finance at Hong Kong Exchanges and Clearing, said the
working group had been devising
a plan to attract talent from overseas and nurture it locally.
“We need to understand what
kind of courses we need and what
kind of talent we need to ship from
Europe,” she said. “We have had
lots of meetings since July and we
hope to have something to
announce later this year.”
Many executives in their 20s
and 30s were attracted by ESGrelated job opportunities in companies that were “doing the right
things for the future”, Olivier said.
“Having a clear mission statement, not a greenwashed one,
and being solid about it is the key
way to attract young people and
be a winner in the talent war,” she
said. “Besides, compensation is
always the name of the game.”
COMPANIES
Start-up sets sights on Asian market for eye drugs
Peggy Sito
peggy.sito@scmp.com
Arctic Vision, a Hong Kong-based
biotechnology start-up, aims to
become a leading light in the
US$7 billion ophthalmology drug
market in Asia, particularly on the
mainland, with its innovative
treatments for the many millions
of patients with eye disorders.
Established by Hong Kong
native Eddy Wu Hoi-ti in May
2019, the company plans to
launch its first product on the
mainland and seek a stock market
listing in the city next year.
It has already secured financial
support from a group of major
investors that include mainland
internet giant Tencent Holdings
and a number of big family offices
in Hong Kong such as Nan Fung
Group, and Adrian Cheng Chikong, chief executive of New
World Development.
“Innovation is at the very core
of the company. We aim to lead
the ophthalmology markets in
China, Asia and the world through
the discovery and development
of innovative solutions for
ophthalmic diseases,” Wu said.
He earned his bachelor’s
degree from Hong Kong University of Science and Technology in
2002 and a PhD focusing on
molecular pharmacology from
his alma mater four years later.
Arctic Vision, which also has a
headquarters in Shanghai, would
either leverage global breakthrough technologies or its own
in-house research and development capabilities to achieve its
goals, said Wu, its chief executive.
The Asia-Pacific ophthalmic
drug market is valued at around
US$7.1 billion. It is expected to
increase to US$9.91 billion by
2026, according to research from
Market Data Forecast.
The market on the mainland,
in revenue terms, was set to grow
by US$6 billion over the next six
years, representing a compound
annual growth rate of 17.9 per
cent, data and analytics company
StrategyHelix said.
“There are many ways to deliver drugs. But oral and injection
drugs are very difficult to reach the
eye. So for eye diseases, there are
not too many options combining
technology and innovation,” said
Wu, who spent almost 10 years at
Swiss pharmaceutical firm Novartis and was executive medical
director at Dublin-based Allergan
China before setting up Arctic
Vision.
The company has three products currently in clinical trials,
which will be used to treat uveitic
macular oedema, paediatric progressive myopia and presbyopia.
Uveitis is one of the leading
causes of blindness worldwide.
The prevalence of non-infectious
uveitis that affects the back of the
eye is expected to reach 1.6
million in China by 2024, rising to
1.8 million by 2030, according to
Frost & Sullivan.
The first product Arctic Vision
wants to commercialise on the
mainland will be its medicine for
macular oedema associated with
uveitis, according to Wu.
Earlier this month, the firm
received approval for its first
clinical trial on the mainland for
presbyopia treatment that provides temporary improvement of
near-vision.
The condition is estimated to
affect nearly 1.8 billion people
globally. Current treatment options typically involve surgery or
devices such as reading glasses
and contact lenses, according to
Wu. Arctic Vision’s pharmacologic treatment was a breakthrough,
he said.
Nan Fung was quick to spot
the company’s potential in 2019
and provide seed funding.
“At that time, the Chinese
ophthalmology space presented a
unique investment opportunity
given its high growth rate and
significant unmet medical needs
for premium products,” it said.
“Arctic Vision has secured a team
of experts with deep ophthalmology expertise, strong leadership
skills and passion to build a
company focusing on innovative
treatments in ophthalmology.”
Chinese lenders may not be willing to throw good money after bad
and have reportedly declined to
approve a further freeze on debt
repayment for some countries.
China, the largest lender in
Africa, has said its commercial
lenders should not be forced to
provide debt relief and criticised
the International Monetary Fund
(IMF) and the World Bank for not
doing enough to ease the debt
burden.
Some lenders have also said
they are disadvantaged compared
with those from other countries,
especially in the Group of 20’s
Debt Service Suspension Initiative (DSSI), introduced last year to
help poor nations fight Covid-19.
Deborah Brautigam, a professor of international political
economy at Johns Hopkins University and founding director of
the China Africa Research Initiative, cited Kenya, where she said
Export-Import Bank of China
(Eximbank) was “reluctant to
keep disbursing new money into a
country that says it can’t make
payments on existing loans”.
The country had benefited
from a six-month debt freeze
worth US$378 million under the
scheme and wanted to extend it
further when the agreement
expired in June. But the request
was resisted by Eximbank, which
had lent money to fund a railway
and was due to start receiving
payments in January.
“China Eximbank loan contracts specify that if a borrower
stops or suspends repayment to
any of its creditors, then China
Eximbank may stop the disbursement of its loans and even call
them in,” Brautigam said.
“I would guess that once
Kenya assured China Eximbank
that it could make payments on
the loans and withdrew the DSSI
request, the disbursement tap
was turned back on.”
Beijing provided at least
US$12.1 billion in debt relief in
2020 and 2021 to dozens of countries ravaged by the pandemic,
but only four have released information on their G20 debt relief
from Chinese lenders – the Maldives (US$25 million), Tajikistan
(US$40 million), Zambia (US$110
million) and Kenya (US$378
million) – according to the China
Africa Research Initiative.
Beijing is also said to have
cancelled interest-free loans due
to mature at the end of 2020 for 15
African countries. The cancellations announced for seven of
these totalled at least US$113.8
million, the initiative found.
“We saw in our research that in
the past, Chinese banks did not do
debt negotiations on the entire
portfolio but rather loan by loan,
or project by project, looking at
the situation facing each investment. There are some hints [again
in Kenya] that this principle is at
work again, although it is too early
to be sure,” Brautigam said.
The Chinese have so far been
reluctant to publicly state a clear
line on debt relief to developing
countries, according to Mark
Bohlund, senior credit research
analyst at REDD Intelligence.
He said while China had
signed up for the DSSI, it had
taken the line that commercial
lending by China Development
Bank and Eximbank should not
be covered by this commitment.
“This touches on a sore point
of the Chinese feeling they have
been asked to accept a suspension of payments on bilateral
lending at concessional rates,
while developing countries have
been expected to continue to
service more expensive loans to
commercial creditors, generally
from G7 countries, with lesser or
no developmental impact,”
Bohlund said.
He added this perceived
injustice had probably increased
the Chinese view that traditional
international institutions were
not working in the country’s
favour “although the IMF’s recent
special drawing rights [SDR]
issuance can be seen as a small
victory for China, which has been
supportive of such a move”.
Wu Peng, director general of
the Chinese foreign ministry’s
department of African affairs, told
China Africa Project this month
that China had signed agreements on debt suspension with 19
African countries.
However, he said the international community needed to
provide debt relief and financing
support to these countries. China
has been pushing for the allocation of more SDR quotas to Africa
by the IMF to help countries
address their liquidity problems.
China and Xi
have proven
to be flexible
on occasion
BENJAMIN BARTON, UNIVERSITY OF
NOTTINGHAM’S MALAYSIA CAMPUS
“It is not enough to get SDR
quotas only – it’s just quotas. If the
IMF does not change its strict
terms and very complicated
procedures, it will still be difficult
for African countries to get
money,” Wu said. “Reforms at the
IMF are needed so that it can
provide financial assistance to
Africa in a more timely manner.”
Benjamin Barton, an assistant
professor at the University of
Nottingham’s Malaysia campus,
said the Chinese government
“has been quite coy in its public
statements regarding the many
requests [from Africa] … to revisit
bilateral debt structures”.
It would always prefer to keep
such controversial matters out of
the public sphere for fear of
undermining its strategic
negotiating position, he said.
“This does not mean that
African countries cannot
individually attempt to secure a
renegotiation towards new terms.
China and Xi [Jinping] have
proven to be flexible on occasion,
especially where strong interpersonal connections exist with
specific African leaders,” he said.
Yun Sun, director of the China
programme at the Stimson
Centre in Washington, said there
were at least two reasons Beijing
saw itself as disadvantaged – it
wanted to protect its political relationship with African countries,
so could not push for the harshest
terms, and it could not unilaterally enforce a decision on resourceor commodity-backed loans.
Chinese lenders say they are disadvantaged compared with their
international peers over African debt relief. Photo: Shutterstock
B2
Monday, September 20, 2021
BUSINESS
Home sales
slow amid
increase
in supply
TECHNOLOGY
REGULATION
China regulators
defend sweeping
tech crackdown
Buyers snap up just
47pc of flats on offer at
The Holborn as more
options are available
Stricter rules are not aimed at stifling technology
firms or private sector, Wall Street officials told
Zhang Shidong in Shanghai
shidong.zhang@scmp.com
Homebuyers in Hong Kong were
getting hesitant on the second day
of weekend property sales
yesterday amid an increase in
supply that left them with more
options.
Henderson Land Development had sold 60 flats, or 47 per
cent, of the first 128 units on offer
at The Holborn project in Quarry
Bay as of 5.40pm, according to
property agents. In comparison,
sales at the Mangrove and La
Marina projects a day earlier were
torrid.
The flats on offer at The
Holborn, which measure 224 sq ft
to 260 sq ft, were priced at HK$5.8
million to HK$8 million each, with
an average of HK$28,888 per
square foot.
The price was not at a discount
to the market rate, which probably had not helped the sale, said
Sammy Po Siu-ming, chief
executive of Midland Realty’s
residential division.
Hong Kong has seen robust
home sales in September so far, as
developers launch more projects
to take advantage of a boom in the
market.
On Saturday, Kwai Hung
Group sold 128 of the 130 flats on
offer at Mangrove, while Kerry
Properties sold 69 per cent of the
135 units on offer at La Marina.
Last weekend, all 212 units on
offer at Wetland Seasons Bay were
sold, while 98 per cent of the 188
flats on offer found buyers at an
earlier launch of La Marina.
The broader property market
in Hong Kong is largely buoyed by
a promising growth outlook.
Homebuyers are leveraging the
city’s continuing economic
recovery from the coronavirus
pandemic this year.
The economy expanded by 7.6
per cent in the second quarter
following an 8 per cent expansion
in the preceding three-month
period, which was its fastest
growth pace in more than a
decade.
THE INFORMER
EVENTS
Thursday, September 30:
Canadian Chamber of Commerce
lunch webinar: “The race for talent
in the GBA”.
Tuesday, October 12: Canadian
Chamber of Commerce breakfast:
“An intimate conversation with
the first Canadian taipan: John Witt,
group managing director of Jardine
Matheson”. Hong Kong Club.
RESULTS
Today Final: Silk Road Energy
Services Group
AGM: i.century Holding, Mei Ah
Entertainment Group, Smart City
Development Holdings
Tomorrow AGM: Sau San Tong
Holdings, Sparkle Roll Group
September 23 Final: BOSA
Technology Holdings, Kingbo
Strike, Kwan Yong Holdings,
Luxey International (Holdings), Sino
Vision Worldwide Holdings, Super
Strong Holdings, UMP Healthcare
Holdings, V.S. International Group
AGM: Elife Holdings, International
Housewares Retai co, Jacobson
Pharma Corporation, Man Sang
International, Medicskin Holdings
September 24 1st Interim:
Telecom Digital Holdings
Bloomberg
Visitors wear virtual reality goggles at the 2021 Gwangju Ace Fair titled “Metaverse, Beyond Contents” in South Korea earlier this month. Photo: EPA
INVESTORS PILING IN ON
METAVERSE GOLD RUSH
Big Tech is beginning to join the competition alongside a host of start-ups,
but questions remain over how these virtual worlds should develop
Josh Ye
josh.ye@scmp.com
In April, with virtually no prior
programming experience, Richard O’Connell, based in the tech
hub of Shenzhen, was amazed to
find out that the first game he
created for Roblox made him
about US$5,000 a month after just
a short time learning.
It was then the British expat
knew it was time for him to leave
his job at the US game-making
platform and start a company
dedicated to the “metaverse” – a
shared 3D virtual space linked to a
perceived virtual universe and
seen by many as the future of the
internet.
O’Connell spent two years in
business operations with Roblox,
which allows users to program
and play games created by others,
and dedicated a couple of hours of
his time every week learning how
to create new games.
Just six months after launch,
his first game Become Angels
was visited nearly 6 million times,
which took him by surprise, as he
said it was “not a big game”
compared to others on Roblox.
O’Connell has now started his
own company aimed at bringing
“the metaverse from China” to the
world. He is just one of many
internet entrepreneurs who see it
as the next gold rush – an alwayson virtual world where people
create, interact and pay for things
they want.
Big Tech is also getting in on
the scene alongside a host of
start-ups. ByteDance, the Beijingbased maker of short-video platform TikTok, made a metaverse
move with last month’s
acquisition of virtual reality startup Pico Interactive.
Meanwhile, Tencent Holdings, the country’s largest gaming
company, has registered several
trademarks around yuan yuzhou,
the Chinese translation of
metaverse, for its QQ service and
Honour of Kings, its most popular
online game.
The metaverse as a concept
can be traced back to the 1992
cyberpunk novel Snow Crash by
American writer Neal Stephenson. It was given a recent reworking by Steven Spielberg’s hit
movie Ready Player One, which
depicted a digital virtual world
where users can play, trade and
simply hang out.
The concept gained traction
during the pandemic, as people
confined to their homes took to
games such as Fortnite to socialise
and create new worlds with digital
possessions and tradeable goods.
US$800b
The estimated value of
the metaverse industry
by 2024, according
to a recent report by
Bloomberg Intelligence
A recent Bloomberg Intelligence report said the metaverse
industry would be worth
US$800 billion by 2024.
Interest reached new heights
in China this month after a number of Chinese metaverse concept
stocks took off. In the space of a
week, gaming company ZQGame
saw its shares more than double
on the Shenzhen Stock Exchange
after it announced it was getting
into the metaverse business.
China’s state media has taken
notice. Securities Times, a stateowned newspaper, warned in a
commentary last Thursday that if
people “blindly invest in such
grand and illusionary concepts as
the metaverse, they will be burnt
in the end”.
However, that has not stopped
metaverse stocks from rallying.
Alex Xu, former chief executive
of Leyou, is another entrepreneur
pursuing the metaverse dream.
He sold the gaming company to
Tencent in a US$1.3 billion cash
deal last year and, after leaving the
firm in May, founded a holding
company called Multi-Metaverse
with the aim of bringing the
metaverse to animation.
“The truth is, a lot of people
don’t have a clue what the
metaverse is at its core,” Xu said.
“But many people are now making speculative bets … There’s a
lot of money flooding into what
we call the metaverse ecosystem.”
However, the metaverse hype
in China comes at a time when the
country’s broader gaming industry is under pressure from tougher
regulation aimed at preventing
addiction among children and a
purge of content deemed unsuitable by state authorities.
Venture capitalist Matthew
Ball, one of the most vocal
advocates for the metaverse and
manager of exchange-traded
fund META, which has around
US$100 million in assets under
management, said the affinity of
Chinese companies for video
games gave them a head start.
“The opportunity for China in
the metaverse is profound, particularly given how the country has
excelled at interactive product
and tech development and in investments worldwide,” Ball said.
Matthew Kanterman, senior
analyst at Bloomberg Intelligence, wrote in a recent report
that “Chinese consumers are
among the most positive on
development of the metaverse” as
they were already used to socialising in games.
“Live events and brand tie-ins
may be the top revenue opportunities while user-generated
content and decentralised tech
play small roles,” Kanterman said.
Meanwhile, Hong Kongbased Animoca Brands, one of
Asia’s most successful blockchain
gaming firms, recently paid the
price of having to delist from the
Australian Stock Exchange last
year for its aggressive push into
cryptocurrencies and nonfungible tokens as part of its
journey towards the metaverse.
Despite this setback, Animoca’s private valuation has surged
by tenfold to north of US$1 billion
with investments in some of the
world’s most popular blockchain
games such as CryptoKitties and
Axie Infinity.
Co-founder and chairman Yat
Siu said interest around the
metaverse had never been higher,
with many venture capitalists
trying to get into equity rounds for
metaverse companies.
“There’s a lot of [venture capitalists] trying to enter the metaverse right now. A lot of people are
trying to explore and understand
it. The challenge is how to invest
[correctly] in the space,” he said.
Xu said some entrepreneurs
and companies were trying too
hard to bring everything into the
virtual world.
“Some can be moved into the
virtual world and some cannot,”
he said. “If the real world were
moved to the virtual world
completely, I don’t think it would
necessarily be a happy place.”
Xu said the metaverse depicted in Ready Player One might be a
bad example because there was
still “class struggle” in it.
“If you still have to study, work,
deal with office politics and be
penalised by the rich and the
powerful, this virtual world will
not offer a whole lot of entertainment value,” Xu said.
Animoca’s Siu said the kind of
“closed metaverse” that many Big
Tech companies now championed, primarily supported by a
Big Tech company, had already
deviated from what the “open
metaverse” should be.
“In a closed metaverse, you
have to charge a higher tax just to
support the infrastructure, which
means the take rate [of the supporting company] is high,” Siu
said. “Just like the real world, this
is not going to be the most
desirable place.”
China’s top regulators defended
their market-roiling crackdown
on various industries in a meeting
with Wall Street executives, while
reassuring them the stricter rules
are not aimed at stifling
technology companies or the
private sector.
China Securities Regulatory
Commission (CSRC) vicechairman Fang Xinghai said the
recent actions were to strengthen
regulations for companies with
consumer-facing platforms and
improve data privacy and
national security, according to a
person familiar with the talks,
who asked not to be identified
because the meeting was private.
Fang defended the moves,
such as those aimed at the offcampus education and video
gaming industries, saying they
were meant to reduce social
anxiety.
Global investors have been
unnerved by the regulatory
onslaught from Beijing targeting
its biggest technology companies
and other industries as well as a
push by President Xi Jinping to
create “common prosperity”.
Billions of dollars in potential
profits are at stake for Wall Street,
which has been expanding in
China as the nation opens its
financial markets to investment
banks and wealth and money
managers.
The three-hour meeting of the
China-US Financial Round Table
on Thursday included the head of
the People’s Bank of China and
executives from Goldman Sachs
Group, Citadel and other Wall
Street powerhouses, according to
people familiar with the talks.
The meeting marked the
resumption of the round table
that was first convened in
September 2018.
The increased scrutiny on
Chinese companies should not
be interpreted as a decoupling
from the US or international
financial markets, Fang told the
participants. Beijing remained
committed to technology, he said.
The CSRC did not immediately respond to a faxed inquiry
seeking comments on Saturday.
At the meeting, BlackRock
chairman and chief executive
Larry Fink indicated the need for
China to ensure consistency of
long-term government policy,
including transparency to build
trust and confidence, according
to people familiar with the matter.
A representative for BlackRock
declined to comment.
Fink was also among
members of the US delegation
who raised the need for China
to put in place a financial safety
net for its ageing population to
ensure they were well looked after
economically when they were
retired, people familiar with the
matter said.
China’s recent population
data showed the number of
residents aged 60 and above had
risen by 47 per cent over the past
decade to 260 million, more than
18 per cent of the country’s total
population. By 2050, it is forecast
to nearly double to almost 500
million.
Beijing’s regulatory campaign
erased US$1.5 trillion from
mainland stocks amid a broader
sell-off at its most extreme. Hong
Kong-listed video gaming giant
Tencent Holdings last week lost its
place among the world’s 10 largest companies by market value,
leaving no mainland stock on the
list for the first time since 2017.
Shares of Alibaba Group Holding, China’s second-most valuable company after Tencent, have
dropped by more than 30 per cent
this year. Alibaba owns the Post.
The State Council said in July
that rules for overseas listings
would be revised and there would
be more regulatory oversight of
companies trading in offshore
markets.
Beijing is also considering
tougher scrutiny over a legally
grey corporate structure that is
commonly used by Chinese tech
firms to seek offshore listings.
All of these have added to
investors’ worries of a deeper
financial decoupling between the
world’s two largest economies.
Video gaming giant Tencent Holdings has lost its place among the
world’s 10 largest companies by market value. Photo: AP
Deal Watch
Top upcoming equity deals
Expected Company
date
Proceeds
(US$m)
Issue
type
Industry
Exchange
Sep 22
Dongguan Rural
Commercial Bank
1,226.8
IPO
Banks
Hong Kong
Oct 1
Kakaopay
1,166.4
IPO
Internet software
and services
Korea
Oct 1
K Car
587.3
IPO
Automotive
retailing
Korea
Early Oct
Synergy Grid &
Development Phils
416.6
Follow-on Building/
Construction and
engineering
Philippine
Q3 2021
eBeauty Holdings
(Cayman)
400
IPO
Internet and
catalog retailing
Hong Kong
Late Sep
Penna Cement
Industries
223.7
IPO
Construction
materials
National
Bombay
Sep 23
Air Busan
194.7
Follow-on Transportation and KONEX
infrastructure
Early Oct
AllDay Marts
108.9
IPO
Food and beverage Philippine
retailing
Sep 29
Transcenta Holding
82.4
IPO
Biotechnology
Q3 2021
Green Packet
79.6
Follow-on IT consulting and
services
LISTINGS
Dongguan Rural Commercial Bank.B5
Prudential Hong Kong......................B3
DILBERT
Hong Kong
Kuala
Lumpur
Top 5 Asian stock exchanges, excluding Japan, by IPO volume
More announcements
in Directory Notices
For inquiries:
Telephone 2680 8338
Fax 2565 7272
Proceeds (US$b)
Year-to-date
Number of IPOs
Same period 2020
Year-to-date
Same period 2020
150
40
30
CONTACT US
Business News Desk
Telephone 2565 2653
Fax 2565 1624
Email bizpost@scmp.com
If you have information on events
that should be included here, email
business.diary@scmp.com
100
20
50
10
0
0
Hong Kong
Source: Refinitiv
Shanghai
Star
Market
Shenzhen
ChiNext
Deal Watch appears every Monday
Korea
SCMP
SOUTH CHINA MORNING POST MONDAY, SEPTEMBER 20, 2021
B3
B4
Monday, September 20, 2021
BACK TO BUSINESS
INSIDE OUT
DAVID DODWELL
Why the tough guy act?
Biden administration
needs the US public on
its side with elections
looming, so it sees no
upside in being viewed
as ‘soft’ on China
M
y plan had been to
dedicate today’s column to the US-China
trade war and China’s progress (or
lack of it) in boosting US imports
by US$200 billion from 2017 levels
by the end of this year.
But along came the “Aukus”
bombshell, with the United States
agreeing to build nuclear submarines in Australia, even as it
prepares to host a Quadrilateral
Security Dialogue summit on
strengthening Asia-Pacific security arrangements, on September
24.
These US announcements are
more significant for what they do
not say. The US is not giving
priority to trade – with China, the
Asia-Pacific or the World Trade
Organization, which is preparing
for its long-delayed 12th Ministerial Conference in November.
It is not giving priority to
preparations for COP26, the UN
Climate Change Conference. It is
not giving priority to the Armageddon legacy in Afghanistan. It is
not giving priority to bringing the
pandemic under control and
rebuilding the foundations for restoring global economic growth.
One could argue that this is
because the intelligence and
security wonks at the heart of the
US “military-industrial complex”
have captured policy primacy in
the White House.
Except I have the sense that
foreign policy issues pale next to
the huge domestic issues preoccupying US President Joe Biden
and the Democratic administration, concerned above all else
about retaining control of the
Senate and Congress through
next year’s midterm elections.
Odd as it may seem when US-
Joe Biden discusses a national security initiative in the White House as Australian Prime Minister Scott Morrison (left) and British Prime Minister Boris Johnson join virtually. Photo: EPA
China relations have deteriorated
to the most dangerous and
fractious levels in four decades, I
continue to believe the Biden
administration is much less
obsessed with the China “threat”
than its predecessor. Yet it sees
absolutely no political upside in
being seen as “soft” on China.
With US public opinion stirred
into such an anti-Chinese frenzy
by the previous Trump administration, and Democratic control
of the Senate and Congress
hanging by a thread, there is no
electoral choice but to look tough.
This helps explain why climate
ambassador John Kerry has made
so little progress in securing
agreements with China on
reducing carbon emissions.
It is why the WTO remains
stalled on restoring its trade
dispute resolution mechanism
and on a much-needed global
deal to cut fishery subsidies.
It is why US Trade Representative Katherine Tai is taking so
These US
announcements
are more
significant
for what they
do not say
long to respond to pressures
from US business leaders to drop
the draconian and counterproductive tariffs on China exports. These tariffs, raised from 3.1
per cent on average to just over 19
per cent, affected more than half
of all US-China trade, Moody’s
Investors Service said.
The American Action Forum
estimates that the tariffs affect
around US$410 billion of imports
and exports from China, and have
increased US consumer costs by
around US$51 billion annually.
The US Congressional Budget
Office estimated that the tariffs
cost the average US household
nearly US$1,300 last year.
It is why so little is being said
about the phase one trade deal
with China. Chad Bown at the
Washington-based Peterson
Institute for International Economics calculates that China was
more than 40 per cent short of the
agreed target at the end of last
year, and as of July, remained 30
per cent to 35 per cent off-target.
You would have thought there
would have been much noise
about the shortfall and what
needs to be done to catch up.
Instead, there is silence.
It is why Biden and President
Xi Jinping are dancing so delicately around the need for the two
leaders to meet. In their recent
phone call, the White House said
Biden emphasised America’s
“enduring interest in peace,
stability and prosperity” and the
EYE ON ASIA
HUGH HARSONO
There is massive potential in a tech-ready economy to modernise
country’s core industries of textiles, agriculture and sharia finance
S
andwiched between war-torn
Afghanistan and tech-savvy India,
Pakistan attracts little attention
in the world of start-ups. But Pakistan’s
start-up ecosystem has great potential and
understanding this is critical for investors,
start-ups and developed economies alike.
Pakistan’s young population, high mobile
penetration rate and relative political stability
are all economic driving factors that can
change the course of its future. But to catapult
itself into modern competition, it needs
blockchain technology – a blockchain
start-up ecosystem may very well secure
the country’s economic longevity.
The potential for human capital
development is huge. Out of a population of
more than 221 million, 64 per cent are under
the age of 30. Last year alone, internet users
grew by 21 per cent. The internet penetration
rate highlights Pakistan’s tech-readiness.
In April, the government said its central
bank would set up a US$75 million fund for
entrepreneurs and small start-ups.
But there are big challenges. In June, for
example, a tax was announced on mobile
phone calls lasting more than five minutes.
Human rights are still a significant issue while
terrorism and extremism remain problems,
especially with the Taliban now in control of
Afghanistan.
“Change typically comes from the top
down, but if you look at the emergence of
blockchain, it’s been primarily a grass-rootsstyle movement,” said NxtBlock Capital’s
Junaid Lughmani, whose family is from
Pakistan. He believes that for Pakistanis,
blockchain can facilitate “hope and
opportunity through collective action”.
Some companies in Pakistan are
starting to do that. A recent example is the
collaboration between Karachi-based Artistic
Fabric Mills (AFM) and Dutch start-up Aware,
announced in July, to enable traceability
of AFM’s sustainably produced denim.
Essentially, a physical tracer paired with a
digital blockchain twin ensures the denim
is tracked throughout AFM’s supply chain.
Farmers in Sindh province have already
seen the benefits of blockchain. In 2017, the
UN launched a proof-of-concept programme
in partnership with the Sindh Agricultural
CURRENCY CALCULATOR
Sep 18, 2021
Aust
Britain Canada China
0.5291
Euro
HK
Mal
NZ
4.700
0.6194
5.653
53.53
79.88
858.8
3.030
1.032
121.84
36.27 0.9799
1.753
8.88
1.171
10.69
101.18
151.0
1623
5.727
1.951
230.28
68.56
1.890
Canada $
1.078
0.5703
China Rmb
0.213
0.1126
0.1974
1.614
0.8541
1.498
Euro €
Hong Kong $
5.066
0.1769 0.0936 0.1641
India
Japan
Korea
20.30
1.280
38.16
45.72
1.113
131.33
39.10
1.056
11.580
0.730
21.76
26.08 0.7830
25.923
7.718
0.2085
2.286
0.1441
4.296
5.147
0.1545
58.56
1.582
17.342
1.093
32.59
39.05
1.1726
1.900 0.1198
3.571
4.279 0.1285
0.3771
0.4519
9.126
86.42
129.0
1.667
196.69
1
9.470
14.13
151.9 0.5360 0.1826
21.552
1.492
16.04 0.0566
0.0193
2.276
0.678
10.75 0.0379
0.0129
1.525
0.4541
0.0116 0.1056
0.0011 0.0055 0.0007 0.0066
0.0623 0.0930
1386
South Korea W
0.0012 0.0006
0.3300
0.1746 0.3062
1.551 0.2044
1.866
17.67
26.36
283.4
New Zealand $
0.9686
0.5125 0.8986
4.552 0.6000
5.476
51.85
77.38
831.9
Pakistan R
0.0082 0.0043 0.0076 0.0386
0.0051 0.046
0.4394
0.6557
Philippines P
0.0276 0.0146 0.0256
0.0171 0.1559
4.891
0.0035
2.202
23.68 0.0835
54.63
81.52
876.5
0.4375
0.0577 0.5263
4.983
7.44
79.9
6.940
0.9147
0.2527 0.3028 0.0091
0.0125 0.0008
0.0235
0.142 0.0422
0.0011
40.21
11.97
0.3234
118.01
35.13
0.9491
6.663
10.405 0.6560
19.56
23.43 0.7036
0.2977 0.0080 0.0882 0.0056
0.1657
0.1985 0.0060
3.359
124.34
37.02
0.0270
0.2821 0.0961
11.342
3.377
0.0912
0.0187
0.6911
0.5566 0.6669 0.0200
20.60
24.69
0.0630
1.879
2.252 0.0676
29.81
35.72
79.05
117.96
1268.2
4.474
1.524
179.91
53.56
1.447
15.863
2.652
3.957
42.54
0.1501
0.0511
6.034
1.797 0.0485
0.5321
Thailand Bt
0.0413
0.1943 0.0256 0.2337
2.213
3.302
35.50
0.1253 0.0427
5.037
1.500 0.0405 0.4441 0.0280 0.8346
73.70
109.98
1182
0.7284
1.28
6.470
0.853
7.783
4.172
1.421
167.74
49.94
1.349
0.2397
0.2962
8.348
1.377
7.98
10.9629
0.2328 0.0307 0.2800
US $
0.0282 0.0008
0.2235
1.054
3.545
0.0495 0.0262 0.0459
0.0219 0.0384
0.0136
0.1345 0.0085
0.0285
3.092
0.0127
0.0123
0.0012
7.049 0.0249 0.0085
1.4759
0.0183 0.2007
0.3407
2.935
5.769
0.6322
6.416 0.1733
Taiwan $
Switzerland Sfr
1.373
0.2197
Malaysia RM
1.3699
1.852
3.266
0.6701
0.7813
24.19 0.7264
182.7 0.6447
0.0116 0.0588 0.0078 0.0708
1.477
20.19
925.8
0.0173 0.0878
0.0931 0.0493 0.0864
US
0.6772
86.11
0.0125 0.0066
South Africa rand
Thai
10.743
17.00
0.0187 0.0099
4.796
S’pore S Africa Switz Taiwan
57.71
7.587
0.1296
Phil
11.391
0.831 0.1096
0.5399 0.9467
P’stan
0.132 1.2029
Japan ¥
1.021
Hugh Harsono writes regularly for multiple
publications about cyberspace, economics,
foreign affairs and technology
0.6677 6.094
India R
Singapore $
Growth Project, using blockchain to securely
authenticate and register transactions. In
June last year, Dubai-based blockchain
start-up Avanza Innovations joined the
World Bank-backed project.
Pakistan also has the world’s secondlargest Muslim population after Indonesia,
making it a major market for shariacompliant financial products. Companies
such as Abhi, a start-up that recently raised
US$2 million in funding, target a specific
niche in encouraging sharia-compliant
financial inclusion.
The halal supply chain could also benefit
from blockchain. Halal labelling can be
heavily reliant on manual processes and a
burden on many importers of foreign food
and drinks. But blockchain can provide
verifiable transparency for products within
the halal supply chain, easing the process for
overseas vendors.
If harnessed correctly, blockchain
start-ups can help modernise many of
Pakistan’s vital industries and, when
combined with the potential for tech
talent, can catapult the country into a new
era of economic and technological growth.
Figures are mid-price TT rates provided by HKAB
0.9277
Britain £
David Dodwell researches and
writes about global, regional and
Hong Kong challenges from a
Hong Kong point of view
MACROSCOPE
ANTHONY ROWLEY
Pakistan can harness power of blockchain
Australia $
need to “ensure competition
doesn’t veer into conflict”.
According to a Financial Times
report, Biden had proposed a
summit between the two “in an
effort to break an impasse in USChina relations”, but Xi “did not
take him up on the offer and
insisted instead that Washington
adopt a less strident tone towards
Beijing”. Chinese reports complained that US policies and
rhetoric had caused “serious
difficulties”.
These difficulties can only
have worsened after news that the
US was considering recognising
the Taipei Economic and Cultural
Representative Office in Washington as the “Taiwan Representative Office” and, of course, the
Aukus deal enabling Australia to
build nuclear submarines to help
the US patrol the South China Sea.
When diplomatic talk is so
distant from militaristic walk, the
danger of competition veering
into conflict must be all the
greater.
China’s own provocation – to
apply to join the 11-economy
Comprehensive and Progressive
Agreement for Trans-Pacific
Partnership (CPTPP) – seems
positively moderate in comparison, but equally surprising.
The CPTPP, originally conceived as the Trans-Pacific Partnership, was driven by the US
until petulantly abandoned by
Donald Trump. It was created as a
“gold standard” trade-liberalising
agreement that included chapters
on respect for intellectual property, promotion of e-commerce
and measures against stateowned enterprises and state
subsidies that were clearly
designed to keep China out.
That China has applied to join
it (along with Britain, South Korea
and the Philippines) comes as a
surprise, even though Beijing has
consistently advocated for
multilateral trade bodies, including the Regional Comprehensive
Economic Partnership.
Whether China has any
chance of succeeding is open to
question, even if it believes it has
liberalised sufficiently. CPTPP
members such as Canada,
Mexico, Japan and Australia are
strongly allied with the US and
just as concerned about keeping
China at arm’s length.
Opportunities remain to reduce the rancour: the imperative
to seal a climate deal in Glasgow in
November and to begin rebuilding the WTO at the ministerial
conference are two areas of hope.
But the past week’s developments
make one wonder. Maybe the
Thucydides Trap is yawning open
after all.
14.79
0.0335
0.932
0.7413
1.0726
1.198 0.0360
27.80
0.0300
33.30
US$ MARKET RATES
Last
HK ($)
Japan (¥)
Euro (€) *
UK (£) *
Switzerland (SFr)
Canada (C$)
Australia (A$) *
China (yuan)
Indonesia (Rup)
Malaysia (RM)
Philippines (peso)
New Zealand (NZ$) *
Singapore (S$)
S Korea (won)
Taiwan (NT$)
Thailand (baht)
India (rupee)
S Africa (rand)
7.7818
109.9600
1.1725
1.3738
0.9323
1.2766
0.7265
6.4655
14,225
4.1700
50.0400
0.7040
1.3488
1,180.69
27.7820
33.3400
73.6900
14.6825
Wk ch
0.0042
0.0300
-0.0089
-0.0101
0.0147
0.0077
-0.0090
0.0215
25
0.0350
0.1130
-0.0073
0.0075
10.46
0.1310
0.6400
0.1730
0.4842
* per unit. Rates on Saturday.
KEY LENDING RATES
HK prime
5.000% UK bank base
0.100%
US fed fund
0.250% Euro prime
0.250%
US prime
3.250% Tokyo prime
1.475%
Taiwan prime 2.366% S’pore prime
5.250%
China and US can’t afford to
go to war amid high debt levels
Given their deep financial links,
both sides should cool off and
focus attention on economic woes
at home to avert systemic risk
W
hat really brought presidents Joe Biden
of America and Xi Jinping of China
together by phone recently? Was it
fear of an unintended confrontation over Taiwan
or in the East China Sea, the challenge of dealing
with Covid-19 and climate change – or was it fear
of a different kind of crisis?
The United States and China have many
differences but one problem they have in
common is that of systemic risk crystallising
in their financial sectors. Financial cooperation is
the price they may have to pay to avert the threat.
This goes deeper than the fact that US financial
markets are behaving skittishly as monetary
tapering looms, the risk of a Chinese property
or bond market default increases, or even that
George Soros is urging Larry Fink’s BlackRock
and others to avoid equity exposure to China.
For a decade or more,
Washington and Beijing have
been able to engage in what
might politely be termed highly
competitive behaviour on both
economic and strategic fronts,
safe in the knowledge that
accommodative monetary
policy would support the
financial systems that underpin
such competition.
Quite suddenly, those
financial and monetary
foundations are looking
fragile as tremors in equity,
bond and property markets hint at possible
earthquakes to come.
More particularly, the interconnected fates
of the US and China have become apparent from
the recent exchanges between global investment
guru Soros and BlackRock, the world’s biggest
asset management firm headed by Fink.
In Wall Street Journal and Financial Times
op-eds, Soros attacked BlackRock’s investments
in China as a “tragic mistake” that failed to grasp
the country’s basic antipathy towards markets
and would “damage the national security interests
of the US and other democracies”.
BlackRock’s response was less emotional. “We
believe that globally integrated financial markets
provide people, companies, and governments …
with better and more efficient access to capital
that supports economic growth around the
world,” it said.
Whatever the merits or demerits of such
arguments, they show that economic ties between
the US and China go much deeper now than
trade and business investment and reach critical
areas like portfolio investment where both have
the potential to boost or damage each other
through bond and equity strategies.
Financial markets have perhaps never looked
so fragile and exposed. This has been obvious
for some time in the US where record-high stock
prices are based on unsustainable monetary
largesse rather than economic fundamentals.
But what has become uncomfortably clear
recently is the extent to which China’s property
and debt markets are exposed to a possible default
by developer China Evergrande Group. Some are
talking of a “systemic” risk posed by the crisis, but
a costly government bailout seems more likely.
To quote the Centre for China and
Globalization, a Chinese think tank, Washington
and Beijing “are now locked in a precarious
balance between competition and cooperation”.
But neither is in a position to employ 1980s-style
“Star Wars” tactics to force the other into ruinous
spending.
Both nations are up to their
necks in debt and that is never
a good position from which to
go to war. So it makes sense to
cool off and pay more attention
at the very highest levels of
government to financial as
well as macroeconomic and
strategic issues.
“The recent nomination
of Nicolas Burns as US
ambassador to China, alongside
US Secretary of State [Antony]
Blinken’s call with Chinese
Foreign Minister Wang Yi and US Treasury
Secretary Janet Yellen’s reported plan to visit
China, have prompted renewed hopes for
bilateral cooperation,” the think tank said.
Let’s hope so, because the real threat to
financial and economic (and thus social) stability
now lies not in the Taiwan Strait or the East or
South China seas, but much closer to home, in
the stock and bond markets.
If the exigencies of national finance serve to
show political leaders the futility and fatuousness
of raising competition to conflict-risking levels,
that will mark a victory of quiet diplomacy over
the sound and fury of aggressive posturing.
Financial
markets [in the
US and China]
have never
looked so fragile
and exposed
Anthony Rowley is a veteran journalist specialising
in Asian economic and financial affairs
B6
Monday, September 20, 2021
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B7
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HK$28.2604/29.7441
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Cash Fund-15/9
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BOCHK Asset Management Ltd 16/9
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BOCHK Wealth Creation Series
BOCHK All Weather CNY Equity Fund Class A1
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BOCHK All Weather CNY Equity Fund Class A2
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HK$11.96
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BOCHK All Weather Hong Kong Equity Fund Class A7
RMB13.31
BOCHK All Weather Hong Kong Equity Fund Class A3
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BOCHK All Weather Hong Kong Equity Fund Class X1
HK$11.22
BOCHK All Weather Hong Kong Equity Fund Class I2
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BOCHK All Weather Asian Bond Fund Class A1
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HK$9.97
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RMB10.64
BOCHK All Weather Asian Bond Fund Class X1
$11.94
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HK$9.56
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BOCHK All Weather Asian High Yield Bond Fund Class A7
£9.48
BOCHK All Weather Asian High Yield Bond Fund Class A9
RMB9.76
BOCHK All Weather Asian High Yield Bond Fund Class A10
€9.52
BOCHK All Weather Asia (Ex-Japan) Equity Fund Class A1
$11.31
BOCHK All Weather Asia (Ex-Japan) Equity Fund Class A2
HK$11.31
BOCHK All Weather Asia (Ex-Japan) Equity Fund Class A7
RMB11.57
BOCHK All Weather Asia (Ex-Japan) Equity Fund Class X2
HK$12.08
BOCHK All Weather Asia (Ex-Japan) Equity Fund Class I1
$11.40
BOCHK All Weather Asia Pacific High Income Fund ClassA1
$9.45
BOCHK All Weather Asia Pacific High Income Fund ClassA2
HK$9.37
BOCHK All Weather Asia Pacific High Income Fund ClassA4
A$8.79
BOCHK All Weather Asia Pacific High Income Fund ClassA8
RMB9.66
BOCHK All Weather Asia Pacific High Income Fund ClassX1
$9.84
BOCHK All Weather Belt and Road Bond Fund Class A1
$10.29
BOCHK All Weather Belt and Road Bond Fund Class A2
HK$10.21
BOCHK All Weather Belt and Road Bond Fund Class A8
RMB10.60
BOCHK All Weather China Income Fund Class A1
HK$7.24
BOCHK All Weather China Income Fund Class A2
$7.26
BOCHK All Weather China Income Fund Class A8
RMB7.50
BOCHK All Weather China Income Fund Class X1
HK$7.49
BOCHK All Weather ESG Multi-Asset Fund Class A1
$10.01
BOCHK All Weather ESG Multi-Asset Fund Class A2
HK$10.03
BOCHK All Weather ESG Multi-Asset Fund Class A4
A$9.98
BOCHK All Weather ESG Multi-Asset Fund Class A7
£10.00
BOCHK All Weather ESG Multi-Asset Fund Class A9
RMB10.03
BOCHK All Weather ESG Multi-Asset Fund Class A10
€9.98
BOCHK All Weather ESG Multi-Asset Fund Class I1
$10.02
BOCHK All Weather ESG Multi-Asset Fund Class X2
HK$10.05
BOCHK All Weather Greater Bay Area Strategy Fd ClassA1
$9.74
BOCHK All Weather Greater Bay Area Strategy Fd ClassA2
HK$9.67
BOCHK All Weather Greater Bay Area Strategy Fd ClassA3
MOP9.66
BOCHK All Weather Greater Bay Area Strategy Fd ClassA4
RMB9.35
BOCHK All Weather Greater Bay Area Strategy Fd ClassA11
RMB10.04
BOCHK All Weather Greater Bay Area Strategy Fd ClassX1
$10.42
BOCHK All Weather Global Opportunities Fund Class A1
$11.91
BOCHK All Weather Global Opportunities Fund Class A2
HK$11.95
BOCHK All Weather Global Opportunities Fund Class A3
A$16.32
BOCHK All Weather Global Opportunities Fund Class X2
HK$13.28
BOCHK All Weather China High Yield Bond Fund Class A1
RMB9.67
BOCHK All Weather China High Yield Bond Fund Class A2
$9.23
BOCHK All Weather China High Yield Bond Fund Class A3
HK$9.27
BOCHK All Weather China High Yield Bond Fund Class A4
A$8.93
BOCHK All Weather China High Yield Bond Fund Class X1
RMB13.85
BOCHK All Weather China High Yield Bond Fund Class A8
$8.69
BOCHK All Weather Short Term Bond Fund-X1
$10.4732
BOCHK All Weather Short Term Bond Fund-X2
HK$10.4191
BOCHK All Weather Short Term Bond Fund-A1
$10.3953
BOCHK All Weather Short Term Bond Fund-A2
HK$10.3246
BOCHK All Weather Short Term Bond Fund-A3
RMB9.7289
BOCHK Investment Funds 16/9
NAV
BOCHK Aggressive Growth Fund-A
$33.2108
BOCHK Balanced Growth Fund-A
$26.4480
BOCHK Conservative Growth Fund-A
$19.2889
BOCHK Sterling Income Fund-A
£9.9609
BOCHK Asia Pacific Equity Income Fund-A
$12.4877
BOCHK Australia Income Fund-A
A$9.4727
BOCHK China Income Fund-A
HK$13.7220
BOCHK Hong Kong Income Fund-A
HK$13.5613
BOCHK Hong Kong Dollar Income Fund-A HKD
HK$11.1471
BOCHK Hong Kong Dollar Income Fund-A USD
$1.4320
BOCHK RMB Fixed Income Fund-A RMB
RMB9.9519
BOCHK RMB Fixed Income Fund-A HKD
HK$12.0062
BOCHK RMB Fixed Income Fund-A USD
$1.5423
BOCHK Global Equity Fund-A USD
$36.0980
BOCHK Global Equity Fund-A RMB*
RMB232.9224
BOCHK Asia Pacific Equity Fund-A
$41.4920
BOCHK Asia Pacific Property Fund-A
$10.2670
BOCHK Japan Equity Fund-A
$17.7415
BOCHK China Equity Fund-A HKD
HK$78.3440
BOCHK China Equity Fund-A USD
$10.0642
BOCHK China Golden Dragon Fund-A
HK$35.6977
BOCHK China Consumption Growth Fund-A HKD Dis
HK$24.5159
BOCHK China Consumption Growth Fund-A USD Dis
$3.1493
BOCHK China Consumption Growth Fund-A RMB Dis
RMB20.3211
BOCHK China Consumption Growth Fund-A HKD Acc
HK$11.2120
BOCHK China Consumption Growth Fund-A USD Acc
$1.4403
BOCHK China Consumption Growth Fund-A RMB Acc
RMB9.2936
BOCHK Hong Kong Equity Fund-A HKD
HK$44.9376
BOCHK Hong Kong Equity Fund-A RMB*
RMB37.2486
BOCHK Global Bond Fund-A
$18.0100
BOCHK US Dollar Money Market Fund-A
$13.0340
BOCHK Hong Kong Dollar Money Mkt Fund-A
HK$12.2301
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BOCI-Prudential Asset Management Ltd 16/9
NAV
BOC-Prudential Unit Trust-Provident Class
BOC-Prudential Global Equity Fund
HK$48.3572
BOC-Prudential European Equity Fund
HK$14.2871
BOC-Prudential Asia Equity Fund
HK$47.0800
BOC-Prudential China Equity Fund
HK$46.3686
BOC-Prudential Hong Kong Equity Fund
HK$38.7354
BOC-Prudential Japan Equity Fund
HK$23.0806
BOC-Prudential Global Bond Fund
HK$24.7678
BOC-Prudential Hong Kong Dollar Bond Fund
HK$20.2714
BOC-Prudential Index Fund Series-Provident Class-A (HKD)
BOC-Prudential North America Index Fund
HK$38.8126
BOC-Prudential S&P 500 Index Fund
HK$19.8677
BOC-Prudential European Index Fund
HK$21.4249
BOC-Prudential MSCI AC Asia Pacific ex Japan Index Fd
HK$15.1690
BOC-Prudential MSCI Japan Index Fund
HK$15.6323
BOC-Prudential MSCI MPF Golden Dragon Index Fund
HK$17.7324
BOC-Prudential Index Fund Series-Provident Class-B (HKD)
BOC-Prudential North America Index Fund
HK$25.0031
BOC-Prudential European Index Fund
HK$14.2528
BOC-Prudential Index Fund Series-Investment Class (HKD)
BOC-Prudential North America Index Fund
HK$27.9125
BOC-Prudential S&P 500 Index Fund
HK$19.6142
BOC-Prudential European Index Fund
HK$15.2091
BOC-Prudential MSCI AC Asia Pacific ex Japan Index Fd
HK$15.0873
BOC-Prudential MSCI Japan Index Fund
HK$15.5050
BOC-Prudential Index Fund Series- Investment Class (USD)
BOC-Prudential S&P 500 Index Fund
$2.5196
BOC-Prudential MSCI AC Asia Pacific ex Japan Index Fd
$1.9381
BOC-Prudential MSCI Japan Index Fund
$1.9918
BOC-Prudential Index Fund Series-Retail Class (HKD)
BOC-Prudential North America Index Fund
HK$22.9124
BOC-Prudential S&P 500 Index Fund
HK$14.1033
BOC-Prudential European Index Fund
HK$16.8589
BOC-Prudential MSCI AC Asia Pacific ex Japan Index Fd
HK$12.9088
BOC-Prudential MSCI Japan Index Fund
HK$13.4311
BOC-Prudential Index Fund Series-Retail Class (USD)
BOC-Prudential North America Index Fund
$2.9433
BOC-Prudential S&P 500 Index Fund
$1.8117
BOC-Prudential European Index Fund
$2.1657
BOC-Prudential MSCI AC Asia Pacific ex Japan Index Fd
$1.6582
BOC-Prudential MSCI Japan Index Fund
$1.7253
BOC-Prudential Index Fund Series-Retail Class (RMB)
BOC-Prudential North America Index Fund
RMB18.9920
BOC-Prudential European Index Fund
RMB13.9742
BOCIP Asset Management Investment Funds 16/9
NAV
BOCIP Shenzhen Growth Fund-A
HK$10.3499
BOCIP China Health Care Fund-A
HK$9.2684
BOCIP China-A Small and Mid Cap Fund-A
HK$6.9206
BOCIP China Wealth Fund-A-HKD
HK$7.8815
BOCIP China Wealth Fund-A-RMB Hedged Currency Class Units
RMB8.4653
BOCIP China Value Fund-A-HKD
HK$6.6966
BOCIP China Value Fund-A-RMB Hedged Currency Class Units
RMB8.7907
BOCIP China Value Fund-A-RMB
RMB5.5507
BOCIP Hong Kong Value Fund-A-HKD
HK$8.5223
BOCIP Hong Kong Value Fund-A-RMB Hedged Currency Class Units
RMB8.8153
BOCIP Hong Kong Low Volatility Equity Fund-A
HK$14.4499
BOCIP Japan Small & Mid Cap Opportunity Fund-A
HK$24.6928
BOCIP Asia Quality Equity Fund-A
$9.6829
BOCIP China Bond Fund-C-31/8
HK$11.5601
BOCIP Flexi USD Bond Fund-A
$10.3608
BOCIP Flexi HKD Income Fund-A
HK$9.3365
BOCIP USD Short Duration Bond Fund-A
$9.9933
BOCIP HK Dollar Money Market Fund-A
HK$11.3075
BOCIP Short Term HKD Money Market Fund-A-17/9
HK$10.0059
China Asset Management (HK) Ltd 16/9
NAV
China AMC Select RMB Bond Fund Class A
RMB9.5500
China AMC Select RMB Bond Fund Class A
$8.8200
ChinaAMC Select Greater China Technology Fund Class I
HK$18.4237
ChinaAMC Select Greater China Technology Fund Class A
HK$16.5433
ChinaAMC Select Asia Bond Fund Class I
$14.1941
ChinaAMC Select Asia Bond Fund Class A
$15.3739
ChinaAMC Select Asia Bond Fund Class I HKD
HK$14.8902
ChinaAMC Select Asia Bond Fund Class A ACC HKD
HK$10.9751
ChinaAMC Select Fixed Income Allocation Fund Class I-USD
$11.6035
ChinaAMC Select Fixed Income Allocation Fund Class I-HKD HK$10.8068
ChinaAMC Select Fixed Income Allocation Fund Class A-USD $10.9636
ChinaAMC Select Fixed Income Allocation Fund Class A-HKD HK$10.9106
ChinaAMC Select Fixed Income Allocation Fund Class A-RMB RMB10.1736
ChinaAMC Select Money Market Fund Class I-HKD-17/9
HK$10.0847
ChinaAMC Select Money Market Fund Class A-HKD-17/9
HK$10.0407
ChinaAMC Select Money Market Fund Class I-USD-17/9
$9.9856
DWS Investments Hong Kong Limited 16/9
DWS Invest Chinese Equities-A2
$248.54
DWS Invest Chinese Equities-E2
$278.21
DI ABo USD LDM
$96.91
DI ABo USD XC
$122.66
DI ABo USD IC
$121.74
DI ABo USD LC
$112.92
DI ABo HKD LDMH
HK$101.58
DI ABo USD FC
$157.46
Federated Hermes International Funds Plc 16/9
NAV
Federated Hermes Short-Term U.S. Prime Fund
Institutional Series
$1.00
Institutional Service Series
$1.00
Investment-Dividend Series
$1.00
Institutional Service Dividend Series
$1.00
Federated Hermes Short-Term U.S. Government Securities Fund
Investment-Dividend Series
$1.00
Institutional Services-Dividend Series
$1.00
Investment-Growth Series
$172.41
Institutional Series
$1.00
Fidelity International
Fidelity Funds 17/9
NAV
Major Market Funds
I Shares/Y Shares / C Shares
America Y - Acc
$27.2100 / NA
Emerging Markets Y - Acc
$20.2300 / NA
Emerging Markets Focus I - Acc
$20.7400 / NA
European Dividend Y - Acc
€21.9100 / NA
European Dynamic Growth Y
€24.9200 / NA
European Dynamic Growth Y - Acc
€32.2400 / NA
European Growth C^
NA / €12.6500
European Growth Y - Acc
€21.2300 / NA
European Larger Companies Y
€15.1300 / NA
European Smaller Companies Y - Acc
€37.7400 / NA
FIRST All Country World Y- Acc
$19.2500 / NA
Global Dividend Y - Acc
$26.0200 / NA
Global Dividend Y - Acc (hedged)
€26.3400 / NA
Global Focus Y - Acc
$31.4000 / NA
Global Thematic Opportunities I - Acc
$10.4100 / NA
Global Thematic Opportunities Y - Acc
$25.7300 / NA
Japan Advantage Y - Acc
¥2963.0000 / NA
Japan Aggressive I - Acc^
¥26676.0000 / NA
Japan Smaller Companies Y - Acc
¥3084.0000 / NA
Pacific Y - Acc
$30.4400 / NA
Sustainable Asia Equity C^
NA / $14.9600
Sustainable Asia Equity Y - Acc
$19.5600 / NA
Sustainable Japan Equity Y - Acc
¥1521.0000 / NA
World Y - Acc
$21.8000 / NA
Country Select Funds
ASEAN Y - Acc
$19.2300 / NA
Asian Smaller Companies Y - Acc
$30.1000 / NA
Asian Special Situations Y - Acc
$29.1500 / NA
China Consumer Y - Acc
$24.2100 / NA
China Focus C^
NA / $11.7700
China Focus Y - Acc
$22.9000 / NA
China Innovation I - Acc
$8.6270 / NA
Emerging Asia Y - Acc
$41.8700 / NA
Emerging Europe, Middle East and Africa Y - Acc
$19.3900 / NA
Greater China Y - Acc
$34.1000 / NA
India Focus Y - Acc
$26.8700 / NA
Latin America Y - Acc
$10.4800 / NA
Nordic Y - Acc
SEK32.4700 / NA
Multi Asset Fund
Global Multi Asset Dynamic I - Acc
$10.2100 / NA
Multi Asset Income Y - Acc
$17.1200 / NA
Global Sector Funds
Global Consumer Industries Y - Acc
€53.5800 / NA
Global Financial Services Y - Acc
€29.3900 / NA
Global Health Care Y - Acc
€54.1500 / NA
Global Industrials Y - Acc
€24.0900 / NA
Global Technology Y - Acc
€116.4000 / NA
Bond Funds
Asian High Yield Y - Acc
$21.7200
Asian High Yield I - MDIST^
$8.9100
Asia Pacific Strategic Income Y
$10.3832
China High Yield Y
$9.3051
China RMB Bond Y - Acc^
$13.2780
Emerging Market Corporate Debt I^
$11.0900
Emerging Market Debt Y - Acc
$27.3300
Euro Bond Y - Acc
€17.8200
Euro Corporate Bond Y - Acc
€36.4000
Euro Short Term Bond Y - Acc
€27.2933
European High Yield Y - Acc
€25.2500
European High Yield Y - Acc (hedged)
$14.7900
Global Inflation-linked Bond Y - Acc (hedged)
€13.0200
Global Inflation-linked Bond Y (hedged)
£1.3630
Sustainable Strategic Bond Y - Acc (hedged)
€12.8800
US Dollar Bond Y - Acc
$18.4900
US High Yield Y - Acc
$24.8100
US High Yield I - MDIST^
$10.2000
Institutional Reserved Funds (I Shares)
Inst. Emerging Markets Equity - Acc^
$295.6000
Inst. Japan - Acc^
¥22132.0000
Fidelity Advantage Portfolio Fund 16/9
NAV
Ordinary Class
Asia Pacific Equity Fund
$36.50
Global Equity Fund
$44.66
Hong Kong Equity Fund
HK$291.16
Growth Fund
$68.34
Balanced Fund
$60.33
Stable Growth Fund
$58.07
Capital Stable Fund
$42.17
Hong Kong Bond Fund
HK$80.30
RMB Bond Fund
HK$121.24
World Bond Fund
$18.43
HK Dollar Money Fund
HK$69.67
US Dollar Money Fund
$17.22
FAP - Tracker Fund Portfolio
HK$21.48
FAP - Invesco Asian Equity Fund
$31.75
FAP - World Equity Index Fund
HK$138.85
FAP - World Government Bond Index Fund
HK$102.76
Administration Class
Asia Pacific Equity Fund
$34.09
Global Equity Fund
$41.15
Hong Kong Equity Fund
HK$268.24
Growth Fund
$60.71
Balanced Fund
$53.61
Stable Growth Fund
$52.14
Capital Stable Fund
$37.47
Hong Kong Bond Fund
HK$73.98
RMB Bond Fund
HK$118.01
World Bond Fund
$16.98
HK Dollar Money Fund
HK$66.62
US Dollar Money Fund
$16.39
FAP - Tracker Fund Portfolio
HK$20.01
FAP - Invesco Asian Equity Fund
$29.59
FAP - World Equity Index Fund
HK$137.53
FAP - World Government Bond Index Fund
HK$101.78
Savings Class
Asia Pacific Equity Fund
$33.84
Global Equity Fund
$40.78
Hong Kong Equity Fund
HK$265.81
Growth Fund
$60.14
Balanced Fund
$53.11
Stable Growth Fund
$51.67
Capital Stable Fund
$37.10
Hong Kong Bond Fund
HK$73.31
RMB Bond Fund
HK$117.66
World Bond Fund
$16.84
HK Dollar Money Fund
HK$66.41
US Dollar Money Fund
$16.32
FAP - Tracker Fund Portfolio
HK$19.86
FAP - Invesco Asian Equity Fund
$29.36
FAP - World Equity Index Fund
HK$137.38
FAP - World Government Bond Index Fund
HK$101.68
Fidelity Global Investment Fund (Class A units) 16/9
NAV
SaveEasy Funds
Fidelity SaveEasy 2020 Fund
HK$31.42
Fidelity SaveEasy 2025 Fund
HK$35.21
Fidelity SaveEasy 2030 Fund
HK$36.12
Fidelity SaveEasy 2035 Fund
HK$36.47
Fidelity SaveEasy 2040 Fund
HK$36.91
Fidelity SaveEasy 2045 Fund
HK$16.65
Fidelity SaveEasy 2050 Fund
HK$16.62
Default Investment Strategy Funds
Age 65 Plus Fund
HK$12.50
Core Accumulation Fund
HK$14.96
Lifecycle Funds
Balanced Fund
HK$284.03
Capital Stable Fund
HK$219.93
Growth Fund
HK$309.76
Stable Growth Fund
HK$256.24
Level 1 Funds
Asia Pacific Equity Fund (MPF)
HK$34.65
Global Equity Fund
HK$330.75
RMB Bond Fund (MPF)
HK$115.11
World Bond Fund
HK$138.95
Global Bond Currency Hedged Fund
Global Bond HK$ Hedged Fund
HK$132.66
Market Investment Funds
Americas Equity Fund
HK$248.58
Asia Pacific Equity Fund
HK$588.41
European Equity Fund
HK$227.68
Hong Kong Equity Fund
HK$339.94
Japanese Equity Fund
HK$137.49
Global Bond Fund
HK$183.25
Hong Kong Bond Fund
HK$129.15
RMB Bond Fund
HK$121.68
Money Market Funds
HK$ Money Fund
HK$93.36
US$ Money Fund
$13.31
Fidelity Global Investment Fund (Class B Units) 16/9
NAV
SaveEasy Funds
Fidelity SaveEasy 2020 Fund
HK$19.94
Fidelity SaveEasy 2025 Fund
HK$22.36
Fidelity SaveEasy 2030 Fund
HK$22.93
Fidelity SaveEasy 2035 Fund
HK$23.08
Fidelity SaveEasy 2040 Fund
HK$23.20
Fidelity SaveEasy 2045 Fund
HK$17.39
Fidelity SaveEasy 2050 Fund
HK$17.37
Lifecycle Funds
Balanced Fund
HK$20.45
Capital Stable Fund
HK$16.39
Growth Fund
HK$22.55
Stable Growth Fund
HK$18.54
Level 1 Funds
Asia Pacific Equity Fund (MPF)
HK$21.13
Global Equity Fund
HK$29.18
RMB Bond Fund (MPF)
HK$121.55
World Bond Fund
HK$14.13
Global Bond Currency Hedged Fund
Global Bond HK$ Hedged Fund
HK$15.06
Market Investment Funds
Americas Equity Fund
HK$39.88
Asia Pacific Equity Fund
HK$21.10
HIGH COURT WRITS
European Equity Fund
HK$21.50
Hong Kong Equity Fund
HK$17.06
Japanese Equity Fund
HK$25.09
Global Bond Fund
HK$13.69
Hong Kong Bond Fund
HK$14.35
RMB Bond Fund
HK$128.47
Money Market Funds
HK$ Money Fund
HK$10.52
US$ Money Fund
$10.80
Fidelity Global Investment Fund (Class M Units) 16/9
NAV
Money Market Funds
HK$ Money Fund ^
HK$10.59
^ Above class is not available to retail public in HK.
~ This fund is closed to new subscriptions on the Fidelity Personal
Investing platform.
Note: The fund prices quoted are for indication only.
Generali Worldwide 15/9
bid/offer
Utmost UK Multi-Strategy Managed Fund
£6.92/7.45
Utmost Global Multi-Strategy Managed Fund
$7.83/8.43
Utmost Global Managed Bond Fund
$4.16/4.49
Utmost Global Managed Bond Fund
€3.52/3.80
Utmost EU Multi-Strategy Managed Fund
€4.35/4.69
Guotai Junan Investment Fund 16/9
NAV
Guotai Junan Greater China Gr
MPF/ORSO FUNDS
M
M
M
M
m
M
Bank of East Asia (Trustees) Ltd 16/9
NAV
BEA (MPF) Master Trust Scheme
BEA (MPF) Growth Fund
HK$26.7333
BEA (MPF) Balanced Fund
HK$23.4563
BEA (MPF) Stable Fund
HK$20.8314
BEA (MPF) Global Equity Fund
HK$22.7204
BEA (MPF) European Equity Fund
HK$15.6973
BEA (MPF) North American Equity Fund
HK$29.7062
BEA (MPF) Asian Equity Fund
HK$32.1228
BEA (MPF) Greater China Equity Fund
HK$26.1943
BEA (MPF) Japan Equity Fund
HK$10.5002
BEA (MPF) Hong Kong Equity Fund
HK$24.8539
BEA China Tracker Fund
HK$9.1058
BEA Hong Kong Tracker Fund
HK$14.6619
BEA (MPF) Global Bond Fund
HK$12.7163
BEA (MPF) RMB & HKD Money Market Fund
HK$11.0873
BEA (MPF) Long Term Guaranteed Fund
HK$14.3221
BEA (MPF) Conservative Fund
HK$14.4438
BEA (MPF) Core Accumulation Fund
HK$14.7426
BEA (MPF) Age 65 Plus Fund
HK$12.3738
BEA (MPF) Industry Scheme
BEA (Industry Scheme) Growth Fund
HK$27.5486
BEA (Industry Scheme) Balanced Fund
HK$23.7049
BEA (Industry Scheme) Stable Fund
HK$21.2390
BEA (Industry Scheme) Asian Equity Fund
HK$18.7205
BEA (Industry Scheme) Greater China Equity Fund
HK$20.8262
BEA (Industry Scheme) Hong Kong Equity Fund
HK$14.7448
BEA China Tracker Fund
HK$9.3773
BEA Hong Kong Tracker Fund
HK$14.6214
BEA (Industry Scheme) RMB & HKD Money Market Fund
HK$11.0505
BEA (Industry Scheme) MPF Conservative Fund
HK$13.8677
BEA (Industry Scheme) Core Accumulation Fund
HK$14.6921
BEA (Industry Scheme) Age 65 Plus Fund
HK$12.4006
BEA (MPF) Value Scheme
BEA Growth Fund
HK$17.2990
BEA Balanced Fund
HK$15.7922
BEA Stable Fund
HK$13.8735
BEA Global Equity Fund
HK$23.1723
BEA Asian Equity Fund
HK$16.9575
BEA Greater China Equity Fund
HK$22.3900
BEA Greater China Tracker Fund
HK$18.1722
BEA Hong Kong Tracker Fund
HK$13.4775
BEA Global Bond Fund
HK$11.1906
BEA MPF Conservative Fund
HK$10.8511
BEA Core Accumulation Fund
HK$14.8322
BEA Age 65 Plus Fund
HK$12.3874
BOC-Prudential Easy-Choice MPF Scheme 16/9
NAV
BOCI-Prudential Asset Management Ltd
BOC-Prudential China Equity Fund
HK$9.6939
BOC-Prudential Hong Kong Equity Fund
HK$45.3811
BOC-Prudential Japan Equity Fund
HK$10.9646
BOC-Prudential Asia Equity Fund
HK$18.8346
BOC-Prudential Global Equity Fund
HK$40.6599
BOC-Prudential CSI HK 100 Tracker Fund
HK$14.7198
BOC-Prudential European Index Tracking Fund
HK$19.2624
BOC-Prudential North America Index Tracking Fund
HK$31.1575
BOC-Prudential Growth Fund
HK$28.4469
BOC-Prudential Balanced Fund
HK$24.8521
BOC-Prudential Stable Fund
HK$22.2061
BOC-Prudential Bond Fund
HK$14.2339
BOC-Prudential MPF RMB & HKD Money Market Fund
HK$11.5989
BOC-Prudential MPF Conservative Fund
HK$12.0935
BOC-Prudential Core Accumulation Fund
HK$14.8647
BOC-Prudential Age 65 Plus Fund
HK$12.2894
Fidelity Retirement Master Trust (MPF Scheme) 16/9
NAV
Asia Pacific Equity Fund
HK$31.076
Global Equity Fund
HK$37.598
Hong Kong Equity Fund
HK$38.591
Fidelity Hong Kong Tracker Fund
HK$13.668
Growth Fund
HK$34.537
Balanced Fund
HK$31.496
Stable Growth Fund
HK$28.188
Capital Stable Fund
HK$23.991
Hong Kong Bond Fund
HK$13.899
RMB Bond Fund
HK$11.279
World Bond Fund
HK$15.733
MPF Conservative Fund
HK$11.171
Fidelity SaveEasy 2050 Fund
HK$15.629
Fidelity SaveEasy 2045 Fund
HK$15.854
Fidelity SaveEasy 2040 Fund
HK$33.817
Fidelity SaveEasy 2035 Fund
HK$33.306
Fidelity SaveEasy 2030 Fund
HK$32.996
Fidelity SaveEasy 2025 Fund
HK$32.168
Fidelity SaveEasy 2020 Fund
HK$28.693
Age 65 Plus Fund
HK$12.152
Core Accumulation Fund
HK$14.569
Haitong International Investment Managers Ltd 16/9
Haitong MPF Retirement Fund
bid/issue
Haitong Asia Pacific Fund-A
HK$21.66/21.66
Haitong Asia Pacific Fund-T
HK$24.86/24.86
Haitong MPF Conservative Fund-A
HK$11.30/11.30
Haitong MPF Conservative Fund-T
HK$11.50/11.50
Haitong Global Diversification Fund-A
HK$27.33/27.33
Haitong Global Diversification Fund-T
HK$31.07/31.07
Haitong Hong Kong SAR Fund-A
HK$82.62/82.62
Haitong Hong Kong SAR Fund-T
HK$91.76/91.76
Haitong Korea Fund-A
HK$31.82/31.82
Haitong Korea Fund-T
HK$35.01/35.01
Haitong Core Accumulation Fund-A
HK$15.73/15.73
Haitong Core Accumulation Fund-T
HK$15.84/15.84
Haitong Age 65 Plus Fund-A
HK$12.43/12.43
Haitong Age 65 Plus Fund-T
HK$12.43/12.43
Hang Seng Mandatory Provident Fund 16/9
NAV (per unit)
SuperTrust Plus
MPF Conservative Fund
HK$12.85
Guaranteed Fund
HK$10.66
Core Accumulation Fund
HK$24.17
Balanced Fund
HK$23.89
Growth Fund
HK$25.16
Hang Seng Index Tracking Fund
HK$25.74
North American Equity Fund
HK$25.89
European Equity Fund
HK$16.28
Asia Pacific Equity Fund
HK$38.98
Hong Kong and Chinese Equity Fund
HK$26.32
Global Bond Fund
HK$13.20
Age 65 Plus Fund
HK$13.88
Stable Fund
HK$13.74
Chinese Equity Fund
HK$18.42
ValueChoice Balanced Fund
HK$16.84
Global Equity Fund
HK$21.00
ValueChoice US Equity Fund
HK$34.80
ValueChoice European Equity Fund
HK$17.56
ValueChoice Asia Pacific Equity Fund
HK$15.06
Hang Seng China Enterprises Index Tracking Fund
HK$8.32
HSBC Mandatory Provident Fund 16/9
NAV (per unit)
SuperTrust Plus
MPF Conservative Fund
HK$12.85
Guaranteed Fund
HK$10.66
Core Accumulation Fund
HK$24.17
Balanced Fund
HK$23.89
Growth Fund
HK$25.16
Hang Seng Index Tracking Fund
HK$25.74
North American Equity Fund
HK$25.89
European Equity Fund
HK$16.28
Asia Pacific Equity Fund
HK$38.98
w
m
m
m
m
m
m
m
m
m
M
M
M
M
M
M
M
m
M
m
m
M
M
M
M
m
m
m
M
m
M
m
M
m
M
m
M
M
m
m
m
m
m
M
m
M
M
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M
M
m
m
m
w
m
m
m
m
m
m
m
W
m
W
w
m
M
m
m
m
M
m
m
m
m
m
m
m
M
m
M
m
M
m
m
m
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M
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m
M
M
m
m
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M
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M
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m
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w
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%
W
M
W
m
M M
W
m
m
m
M
M
M
M
M
m
mm
w
w
Hong Kong and Chinese Equity Fund
Global Bond Fund
Age 65 Plus Fund
Stable Fund
Chinese Equity Fund
ValueChoice Balanced Fund
Global Equity Fund
ValueChoice US Equity Fund
ValueChoice European Equity Fund
ValueChoice Asia Pacific Equity Fund
Hang Seng China Enterprises Index Tracking Fund
Invesco Hong Kong Ltd 16/9
Invesco Strategic MPF Scheme
Growth Fund - Class A
Growth Fund - Class H
Balanced Fund - Class A
Balanced Fund - Class H
Capital Stable Fund - Class A
Capital Stable Fund - Class H
Guaranteed Fund - Class G
MPF Conservative Fund - Class A
MPF Conservative Fund - Class H
Hong Kong and China Equity Fund - Class A
Hong Kong and China Equity Fund - Class H
Global Bond Fund - Class A
Global Bond Fund - Class H
Asian Equity Fund - Class A
Asian Equity Fund - Class H
RMB Bond Fund - Class A
RMB Bond Fund - Class H
Invesco Hang Seng Index Tracking Fund - Class A
Invesco Hang Seng Index Tracking Fund - Class H
Age 65 Plus Fund - Class A
Age 65 Plus Fund - Class H
Core Accumulation Fund - Class A
Core Accumulation Fund - Class H
My Choice MPF Scheme 16/9
BOCI-Prudential Trustee Ltd
My Choice Growth Fund
My Choice Balanced Fund
My Choice Stable Fund
My Choice Global Equity Fund
My Choice Asia Equity Fund
My Choice China Equity Fund
My Choice Hong Kong Equity Fund
My Choice Hong Kong Tracking Fund
My Choice Global Bond Fund
My Choice HKD Bond Fund
My Choice RMB & HKD Money Market Fund
My Choice MPF Conservative Fund
MY Choice Core Accumulation Fund
MY Choice Age 65 Plus Fund
Principal Trust Company (Asia) Ltd 16/9
Principal MPF - Smart Plan
Principal Age 65 Plus Fund
Principal Balanced Fund
Principal Cash Fund
Principal Core Accumulation Fund
Principal Dynamic Hong Kong Equity Fund
Principal Dynamic Asia Pacific Equity Fund
Principal Dynamic Global Equity Fund
Principal Growth Fund
Principal - Hang Seng Index Tracking Fund
Principal Dynamic Asian Bond Fund
Principal Dynamic Greater China Equity Fund
Principal - MPF Conservative Fund
Principal Stable Fund
Principal Dynamic Global Bond Fund
Principal MPF - Simple Plan 16/9
Principal Age 65 Plus Fund
Principal Balanced Fund
Principal Core Accumulation Fund
Principal Dynamic Hong Kong Equity Fund
Principal Dynamic Asia Pacific Equity Fund
Principal Dynamic Global Equity Fund
Principal Growth Fund
Principal - MPF Conservative Fund
Principal Stable Fund
Principal Dynamic Global Bond Fund
Schroder Provident Plan 15/9
SPP - Asian Portflio
SPP - Growth Portfolio
SPP - Balanced Investment Portfolio
SPP - Capital Stable Portfolio
SPP - HKD Fixed Income Portfolio
SPP - HK Money Market Portfolio
SPP - Stable Growth Portfolio
SPP - USD Money Portfolio
SPP - Global Fixed Income Portfolio
SPP - Global Equity Portfolio
SPP - Hong Kong Equity Portfolio
SPP - Capital Guaranteed Portfolio
Interim Rate of Return 01/01/2021 to 30/09/2021
Sun Life MPF Master Trust 16/9
Global Fixed Income Portfolio
Global Fixed Income Portfolio Class B
Hong Kong Portfolio
Hong Kong Portfolio Class B
Asian Portfolio
Asian Portfolio Class B
International Portfolio
International Portfolio Class B
Growth Portfolio
Growth Portfolio Class B
Balanced Investment Portfolio
Balanced Investment Portfolio Class B
Stable Growth Portfolio
Stable Growth Portfolio Class B
Capital Stable Portfolio
Capital Stable Portfolio Class B
RMB and HKD Fixed Income Portfolio
RMB and HKD Fixed Income Portfolio Class B
Conservative Portfolio Class B
Conservative Portfolio Class B
Capital Guaranteed Portfolio
Capital Guaranteed Portfolio Class B
Schroder MPF Core Accumulation Fund B
Schroder MPF Age 65 Plus Fund B
YF Life Trustees Limited 16/9
Mass MPF Scheme
Age 65 Plus Fund
Asian Pacific Equity Fund
Asian Balanced Fund
Core Accumulation Fund
MPF Conservative Fund
European Equity Fund
Greater China Equity Fund
Global Bond Fund
Global Equity Fund
Global Growth Fund
Global Stable Fund
Guaranteed Fund
Hong Kong Equities Fund
US Equity Fund
All prices are for indication only.
HK$26.32
HK$13.20
HK$13.88
HK$13.74
HK$18.42
HK$16.84
HK$21.00
HK$34.80
HK$17.56
HK$15.06
HK$8.32
NAV
HK$28.2858
HK$29.3435
HK$26.0353
HK$27.5035
HK$22.9626
HK$23.7864
HK$13.5645
HK$12.0108
HK$12.0083
HK$44.5855
HK$44.3088
HK$16.5707
HK$16.9705
HK$13.7231
HK$13.6108
HK$10.4403
HK$10.5488
HK$11.7958
HK$11.8358
HK$12.2990
HK$12.2990
HK$14.5581
HK$14.5581
NAV
HK$22.5482
HK$20.8851
HK$17.7550
HK$24.8209
HK$21.1639
HK$30.1318
HK$17.9621
HK$14.6355
HK$10.7905
HK$12.5642
HK$10.9837
HK$10.1603
HK$14.4267
HK$12.1873
bid price
HK$12.27
HK$22.84
HK$11.54
HK$14.46
HK$13.13
HK$16.58
HK$19.12
HK$24.79
HK$11.91
HK$10.60
HK$27.58
HK$11.10
HK$18.70
HK$10.27
bid/offer
HK$12.19/12.19
HK$20.64/20.64
HK$14.34/14.34
HK$30.24/30.24
HK$18.37/18.37
HK$17.31/17.31
HK$23.61/23.61
HK$/10.79
HK$14.74/14.74
HK$11.65/11.65
NAV
HK$35.2277
HK$41.8534
HK$34.0435
HK$24.9242
HK$18.2021
HK$12.9457
HK$31.0337
HK$13.2007
HK$10.8444
HK$27.8055
HK$18.3056
1.50%p.a.
NAV
HK$10.57
HK$10.30
HK$48.29
HK$50.72
HK$55.30
HK$57.16
HK$23.28
HK$25.20
HK$31.10
HK$32.19
HK$26.70
HK$27.85
HK$22.63
HK$23.73
HK$18.44
HK$19.46
HK$14.26
HK$15.02
HK$11.41
HK$11.45
HK$18.12
HK$19.21
HK$14.23
HK$12.09
NAV
HK$12.2850
HK$17.7723
HK$28.2999
HK$14.4587
HK$11.0533
HK$12.4385
HK$23.7302
HK$13.6191
HK$36.7645
HK$28.0572
HK$24.6265
HK$12.0827
HK$15.7028
HK$40.7954
DIVIDENDS DECLARED
No
Plaintiffs
Defendants
Particular
1408
Zhang Chuangrong
1409
Gosonic Logistic Ltd
Star Yield Corporation Ltd
Lau Long Ming
Aton Electronics Ltd
1410
Fine Talent Finance Ltd
Lin Daojin
1411
Nexperia B V
Edal Electronics Co Ltd
Key:
AKA .....................................................................also known as
IP ..............................................................intellectual property
MA ...................................................................mortgage action
NS ...............................................................................not stated
Claim
Contract
$15,600,000
Debt
US$3,494,564.25
MLA & MA
$7,568,217
$7,3000,000
$3,400
US$13,272,448
Contract
GSD ...................................................goods sold and delivered
L&T ............................................................landlord and tenant
MLA .......................................................money lender’s action
TA ...............................................................................trading as
OFFICIAL LIST
Change of company name
JHBP (CY) Holdings (6998): It will change its company name today to Genor Biopharma Holdings.
Last day of dealing
Lai Sun Development rights (2969): Trading in the nil paid Rights will cease after the close of business tomorrow.
New listing
DS-XIAMI@EP2203A (26869), DS-TENCT@EC2201B (26871), DS-XIAMI@EC2203A (26872), GJ-SANDS@EC2206A
(26873), GJ-ALIBA@EP2203A (26875), GJ-ALIBA@EC2202C (26876), GJ-JDCOM@EC2202A (26877), HS-ICBC@EC2207A
(26878), HS-CCB @EC2207B (26881), HS-SANDS@EC2204A (26883), HS-GEG @EC2210A (26884), MS-GEG @EC2209B
(26885), MS-SANDS@EC2203A (26886), MS-SANDS@EC2206A (26896), BP-GEG @EC2204A (26899), BP-KUASO@EC2207A (26901), MB-ANGAN@EC2204A (26902), MB-GEG @EC2204B (26903), MB-SANDS@EC2204A (26904),
MB-WYNN@EC2205A (26905), MB-MGMC@EC2204A (26906), MB-SANDS@EP2207A (26908), CS-GEG @EC2206A
(26911), CS-PAHT@EC2207A (26914), CS-SUNAC@EC2203B (26915), CS-CGDN@EC2207A (26916), CS-FOPHA@EC2205A (26919), CS-SANDS@EC2203A (26921), CS-WYNN@EC2203A (26925), CS-SJM @EC2203A (26926), BIGEG @EC2202A (26927), VT-GEG @EC2204A (26928), VT-SJM @EC2203A (26929), VT-CP&CC@EC2203A (26930), VTSANDS@EC2204A (26931), SG-GEG @EC2206A (26932), SG-MNIU@EC2204A (26933), SG-ALIBA@EC2206B (26935),
JP-GEG @EC2206A (26936), JP-SANDS@EC2203A (26937), JP-SJM @EC2203A (26939), JP-WYNN@EC2203B (26941),
JP-HSBC@EC2203A (26943), JP-PAHT@EC2206A (26944), JP-GEELY@EC2201B (26945), JP-SMORE@EC2202A
(26946), JP-GEG @EP2203A (26949), JP-PINAN@EC2203B (26950), GS-GEG @EC2201B (26954), GS-SANDS@EC2206A
(26956), GS-CGNP@EC2203A (26957), GS-TENCT@EC2303A (26959), GS-ALIBA@EC2209A (26960), GS-SUNAC@EC2204A (26962), GS-CP&CC@EC2202A (26963), HT-SANDS@EC2203B (26966), HT-CLIFE@EC2209A (26969),
HT-JDCOM@EC2201A (26972), HT-GEG @EC2203A (26974), HT-PSBC@EC2203A (26977), HT-GAC @EC2203A (26979),
MS-GEG @EP2204A (26980), MS-GEG @EC2202A (26982), UB-ALIBA@EC2203D (26983), UB-PINAN@EC2303B
(26985), UB-TENCT@EC2309A (26987), UB-ZAOL@EC2203A (26988), UB-SANDS@EC2203A (26989), UBSANDS@EC2203B (26991), UB-WYNN@EC2203A (26992) and UB-SJM @EC2204A (26993): Dealing in the derivative warrants begins today.
BP#HSI RC2409Z (63313), BP#HSI RC2409B (63318), BP#HSI RC2409Q (63329), HS#HSI RC2311G (63343),
HS#TENCTRC2205B (63353), HS#MTUANRC2203O (63387), HS#C MOBRC2206C (63388), HS#C MOBRP2206A
(63508), HS#ANTASRC2206A (63603), HS#HSI RP2202T (63725), HS#HSI RP2202F (63742), HS#CNOOCRC2207B
(63754), HS#TENCTRP2205A (63758), HS#HSI RP2202K (63860), GJ#HSI RP2201N (63978), GJ#HSI RP2201O (64002),
CS#HSI RC2407L (64036), CS#HSI RC2407M (64105), CS#HSI RC2407N (64113), CS#TENCTRC2203F (64197),
CS#TENCTRC2203G (64284), CS#TENCTRC2203H (64285), CS#BYD RC2204Y (64288), CS#XIAMIRC2204I (64294),
CS#MTUANRC2203L (64322), CS#MTUANRC2203M (64328), CS#ALIBARC2207J (64330), CS#TENCTRC2203I (64343),
CS#TENCTRC2204Z (64345), CS#TENCTRC2204J (64457), CS#ALIBARC2207K (64473), CS#ALIBARP2207B (64484),
CS#HSI RC2407O (64518), CS#HSI RC2407P (64519), CS#HSI RP2201K (64560), CS#HSI RP2202D (64579), CS#HSI
RP2201L (64606), CS#HSI RP2202F (64608), CS#HSI RP2201M (64678), CS#HSBC RC2204H (64691), CS#HSBC
RC2204I (64740), CS#AIA RC2204B (64753), CS#AIA RC2204C (64784), CS#AIA RP2202A (64787),
CS#TENCTRP2202Y (64851), CS#TENCTRP2202Z (64921), CS#MTUANRP2204L (64922), CS#MTUANRP2204M
(64935), CS#JDCOMRP2204G (64953), BI#HSI RC2312I (64960), BI#HSI RC2312D (64963), BI#HSI RC2312L (64966),
BI#HSI RP2203E (65006), BI#HSI RP2203F (65008), BI#HSI RP2203G (65013), BI#HSI RP2203H (65015), BP#HSI
RP2202F (65016), BP#HSI RP2202G (65039), BP#HSI RP2202M (65043), BP#HSI RC2409S (65046), BP#HSI RP2202S
(65057), BP#HSI RP2202U (65065), BP#HSI RP2202V (65088), BP#HSI RP2202A (65092), BP#HSI RP2202C (65099),
BP#XIAMIRP2202D (65117), BP#PINANRC2202F (65118), BP#PINANRP2202C (65131), BP#MTUANRP2211F (65134),
BP#JDCOMRP2209B (65137), BP#TENCTRP2212N (65138), BP#TENCTRP2211H (65141), VT#TENCTRC2202K (65170),
VT#TENCTRP2202C (65177), VT#HSI RC2402R (65188) and VT#HSI RC2402T (65220): Dealing in the callable bull/bear
contracts starts today.
Parallel Trading
SK Target Group: The counter for trading in the consolidated 8575 as represented by old share certificates will be withdrawn
after the close of business tomorrow and trading in the shares will only be under the stock code 8427.
Share dividend
21st Century Edu (I) nil (nil) ..................................................
7Road Holdings (F) nil (nil) ...................................................
7Road Holdings (I) nil (nil)....................................................
Accel Group (F) 4.1¢ (3.2¢)....................................................
AEON Stores (I) 3¢ (5¢)..........................................................
Ajisen China (I) 2fen (2fen) ...................................................
Alltronics Holdings (I) 1¢ (1.5¢)..............................................
Anxian Yuan Ch (F) 1¢ (nil) ....................................................
Asia Financial (I) 4¢ (1¢)........................................................
Asia Tele-Net (I) 1¢ (1¢) .........................................................
Automated System (I) nil (nil); (SD) 24¢ (nil) ........................
BaWang Int'l (I) nil (nil).........................................................
Beijing Enterprises (I) 40¢ (40¢)...........................................
Best Linking Group (I) nil (nil)...............................................
Best Pacific (I) 7.5¢ (nil)........................................................
BetterLife Holding (I) nil (nil)................................................
Binjiang Service (I) 37.9¢ (nil)...............................................
Bj Enterprises Water (I) 9¢ (8.4¢)..........................................
BOC Aviation (I) US10.98¢ (US13.98¢)...................................
Bodibra (1stQD) nil (nil) ........................................................
Bortex Global (1stQD) nil (nil) ...............................................
Bright Culture (I) nil (nil) ......................................................
Brockman Mining (F) nil (nil) ................................................
Century Sage (I) nil (nil)........................................................
C. P. Pokphand (I) 2.5¢ (3¢)...................................................
CAA Resources (I) nil (nil) .....................................................
Canggang Railway (I) 4.83¢ .................................................
Carpenter Tan (I) nil (nil) ......................................................
Cathay Media and Edu (I) 6¢ (nil)..........................................
CDV Holdings (I) nil (nil)........................................................
CEC International (F) 0.9¢ (0.5¢) ..........................................
Ch Display Opt (I) nil (nil)......................................................
Chen Lin Edu (I) nil (nil) ........................................................
Cheshi Holdings (I) nil (nil)....................................................
China Auto NR (F) nil (nil) .....................................................
China Beidahuang (I) nil (nil)................................................
China Binary (I) nil (nil).........................................................
China City Infras (I) nil (nil)...................................................
China Energine Intl (I) nil (nil)...............................................
China Everbright (I) 28¢ (14¢)...............................................
China e-Wallet (I) nil (nil)......................................................
China Hanking Holdings (I) 6¢ (4¢)........................................
China Hongqiao (I) 45¢ (15¢).................................................
China Info Tech (I) nil (nil) ....................................................
China Leon Inspection (I) 2.25¢ (nil)......................................
China Lesso (I) 12¢ (12¢)........................................................
China Merchants Port (I) 22¢ (18¢)........................................
China Motor Bus (2ndI) 30¢ (30¢) .........................................
China Oriented Int'l (I) nil (nil)..............................................
China Ovs G Oceans (I) 8¢ (7¢)...............................................
China SCE Group (I) 12¢ (11¢).................................................
China Singyes NM (I) nil (nil).................................................
China South City (F) 3¢ (3¢)...................................................
China Tian Lun Gas (I) 13.43fen (11.4fen)..............................
China Tontine Wines (I) nil (nil).............................................
China Tower (I) nil (nil) .........................................................
China Travel HK (I) nil (nil)....................................................
China VAST (F) 18¢ (20¢).......................................................
Chuang's China Inv (F) 1.5¢ (nil)............................................
Chuang's Consortium (F) 1.5¢ (nil) ........................................
CICC (I) nil (nil)......................................................................
CIFI Holdings (I) 12¢ (11¢) ......................................................
Cogobuy Group (I) nil (nil).....................................................
Comtec Solar Systems (I) nil (nil)..........................................
Cool Link (Holdings) (I) nil (nil) .............................................
CRRC Times Elec (I) nil (nil)...................................................
CTEH Inc (I) nil (nil)...............................................................
Da Sen Holdings (I) nil (nil) ...................................................
DaFa Properties (I) 5.8¢ (3.8¢)..............................................
Dasheng Agric Fin (I) nil (nil) ................................................
Dawnrays Pharma (I) 1.5¢ (1.5¢)............................................
DCWT (I) 5fen (5.4fen) ..........................................................
Dongwu Cement (I) 7.25¢ (7.25¢) ..........................................
Dream Int'l (I) 2¢ (2¢)............................................................
EB Grand China (I) 1.03¢ (nil)................................................
eBroker Group (I) nil (nil)......................................................
EcoGreen International (I) 1.8¢ (1.8¢) ...................................
Eco-Tek Holdings (3rdQD) nil (nil) ........................................
ENN Energy Hldgs (I) 59¢ (nil)...............................................
Enterprise Dev (I) nil (nil) .....................................................
Excellence CM (I) 18.62¢ ......................................................
Expert Systems (1stQD) nil (nil) ............................................
Expert Systems (F) 0.9¢ (0.45¢) ...........................................
FingerTango Inc (I) nil (nil) ...................................................
Flat Glass Group (I) nil (nil)...................................................
Fu Shou Yuan Int'l (I) 5.64¢ (3.28¢).......................................
Fusen Pharma (I) 0.57fen (0.45fen) .....................................
FY Financial (I) nil (0.3fen) ...................................................
G.A. Holdings (I) nil (nil)........................................................
GDH Guangnan (I) 1¢ (1¢).......................................................
Gench Edu (I) 10¢ (10¢) .........................................................
Golik Holdings (I) 2¢ (nil).......................................................
GP Logistics (I) nil (nil)..........................................................
Great Eagle Hldgs (I) 33¢ (33¢); (SD) nil ($1.5).......................
Great Water Hldgs (I) nil (nil)................................................
GSN Corporations (1stQD) nil (nil).........................................
Guangdong Investment (I) 18.17¢ (17.64¢)............................
Guoco Group (F) $1.5 ($1.5)...................................................
Haitong UT (I) 48fen per 10shs (38fen per 10shs).................
Herald Holdings (F) 3¢ (3¢) ...................................................
Hidili Ind (F) nil (nil)..............................................................
Hidili Ind (I) nil (nil)...............................................................
High Fashion Int'l (I) 2¢ (nil)..................................................
HM Int'l Holdings (I) nil (nil)..................................................
Honma Golf (F) 1.5yen (1.5yen).............................................
Hopefluent Group (I) 0.5¢ (2.5¢) ...........................................
Hopson Dev (I) 50¢ (60¢); (B) 1 for 10. ..................................
Huaxi Holdings (I) 4¢ (4¢) .....................................................
Hung Hing Print (I) 4¢ (3¢) ....................................................
IBI Group (F) 4¢ (nil) .............................................................
IH Retail (F) 11¢ (11¢); (SD) 4.2¢ (nil)......................................
ITE (Holdings) (1stQD) nil (nil)...............................................
IVD Medical Holding (I) 2.66¢ (1.672¢)..................................
IWS Group (F) 3.25¢ (2¢)........................................................
Jacobson Pharma (F) 1.5¢ (2.5¢) ...........................................
Jade Bird Universal (I) nil (nil) ..............................................
Profit / Loss
Rmb44.4m +22%
Rmb81.3m +654%
Rmb30.5m -6%
HK$73.3m +0.89%
-HK$245.4m (-$72m)
Rmb49.7m (-Rmb109.4m)
HK$48m +13.6%
HK$80.3m +49.7%
HK$329.2m (-$29.9m)
HK$84.2m +0.1%
-HK$92.7m (-$9.61m)
-Rmb14.3m (-Rmb5.3m)
HK$6.3b +77%
HK$10.3m +182%
HK$175.2m +105%
Rmb209.1m +178%
Rmb145m +41.3%
HK$2.42b +6.72%
US$253.9m -21.5%
HK$0.7m -82%
HK$9.05m +52.4%
Rmb57.8m +15%
-HK$14.2m (-%21m)
-Rmb20.9m (-Rmb28.8m)
US$161.9m -31.3%
-US$29.6m (-$28.6m)
Rmb42.3m +19%
Rmb56.9m +112%
Rmb82.9m -29.6%
-Rmb22m (-Rmb32m)
HK$32.3m +161.8%
Rmb97.6m (-Rmb88.5m)
Rmb35.9m +9%
Rmb16.1m -35%
-Rmb2.55b (-Rmb154m)
HK$0.6m -93%
-Rmb27.9m (-Rmb22.6m)
-HK$73.1m (-$93.7m)
-HK$2.7m (-$4.4m)
HK$1.78b +132.7%
-HK$18.3m (-$19.3m)
Rmb320.6m +88%
Rmb8.1b +188%
-HK$8.8m (-$14.4m)
Rmb27.2m +27.9%
Rmb1.8b +31%
HK$4.71b +204.7%
.
Rmb4m (-Rmb2.9m)
Rmb2.7b +32.7%
Rmb2.38b +12.4%
Rmb0.4m -83%
HK$2.4b -8%
Rmb515.4m +37%
-Rmb7.9m (-Rmb71m)
Rmb3.5b +16%
HK$5.2m (-$443.5m)
Rmb846.5m +1.94%
HK$419m (-$192.4m)
HK$37.5m (-$705m)
Rmb5b +64%
Rmb3.6b +6.94%
Rmb110.5m +10%
-Rmb19.5m (-Rmb31.2m)
S$0.3m (-$0.06m)
Rmb695m +1%
-HK$33.1m (+$7.3m)
-Rmb32.7m (-Rmb83.5m)
Rmb200.7m +42.4%
-Rmb70.4m (+Rmb57.9m)
Rmb166.6m +29%
Rmb167m +5%
Rmb25.6m +139%
HK$45.4m -48%
Rmb16.5m +10%
HK$0.13m +207%
Rmb158.9m +8%
HK$3.65m (-$8.96m)
RMB3.8b +40%
-Rmb12m (-Rmb8.9m)
Rmb270.5m +60.3%
HK$4m +4%
HK$21.7m +103%
Rmb545m -48%
Rmb1.3b +174%
Rmb367.4m +48%
Rmb43.9m +26%
Rmb11.4m -12%
HK$46.4m +140%
HK$47.1m +1.1%
Rmb111.9m +8%
HK$78.3m +251%
HK$13.8m -43%
-HK$784m (-$6.5b)
-Rmb6.2m (-Rmb12.3m)
HK$0.04m -90.8%
HK$2.76b +16.6%
HK$2.5b (-$873m)
Rmb643.5m +7.93%
HK$20.6m +8.38%
-Rmb270.2m (-Rmb254m)
-Rmb279.4m (-Rmb135.58m)
HK$61.3m (-$11.2m)
HK$6.3m (-$0.9m)
Yen1.86b (-Yen732m)
HK$32.8m -54.7%
HK$5.63b +10.4%
HK$42.5m -6%
HK$36.4m +649.6%
HK$54.4m +151.5%
HK$254.9m +68.9%
HK$2.5m +16%
Rmb78.9m +106%
HK$66.2m +40.6%
HK$173.7m -19.4%
Rmb71.4m +98%
Books
closed
_
_
_
5-Oct
7-Oct
24-Sep
28-Sep
30-Sep
24-Sep
4-Oct
29-Sep
_
24-Sep
_
11-Nov
_
7-Oct
27-Sep
29-Sep
_
_
_
_
_
13-Oct
_
5-Oct
_
6-Oct
_
8-Oct
_
_
_
_
_
_
_
_
21-Sep
_
5-Oct
8-Nov
_
12-Oct
29-Sep
28-Sep
5-Oct
_
23-Sep
24-Sep
_
5-Oct
22-Oct
_
_
_
13-Oct
23-Sep
23-Sep
_
6-Oct
_
_
_
_
_
_
21-Dec
_
23-Sep
18-Nov
21-Sep
29-Sep
27-Sep
_
20-Oct
_
8-Nov
_
11-Nov
_
24-Sep
_
_
23-Sep
21-Sep
_
_
6-Oct
24-Sep
11-Oct
_
27-Sep
_
_
12-Oct
15-Nov
12-Nov
28-Sep
_
_
23-Sep
_
24-Sep
23-Sep
11-Oct
9-Nov
24-Sep
28-Sep
29-Sep
_
7-Oct
24-Sep
7-Oct
_
Payable
date
_
_
_
29-Oct
29-Oct
15-Oct
28-Oct
12-Oct
8-Oct
29-Oct
19-Oct
_
25-Oct
_
30-Nov
_
8-Nov
19-Oct
13-Oct
_
_
_
_
_
27-Oct
_
18-Oct
_
22-Oct
_
2-Nov
_
_
_
_
_
_
_
_
8-Oct
_
20-Oct
26-Nov
_
28-Oct
18-Nov
18-Nov
21-Oct
_
20-Oct
22-Oct
_
31-Dec
30-Nov
_
_
_
27-Oct
5-Oct
5-Oct
_
29-Oct
_
_
_
_
_
_
5-Jan
_
5-Oct
29-Dec
15-Oct
13-Oct
20-Oct
_
5-Nov
_
30-Nov
_
19-Nov
_
11-Oct
_
_
13-Oct
19-Nov
_
_
25-Oct
18-Oct
29-Oct
_
13-Oct
_
_
28-Oct
25-Nov
20-Dec
13-Oct
_
_
15-Oct
_
11-Oct
13-Oct
26-Nov
26-Nov
21-Oct
15-Oct
19-Oct
_
27-Oct
31-Oct
19-Oct
_
Share dividend
Jiashili Group (I) 10¢ (nil)......................................................
JiaXing Gas Group (I) 12fen (nil)............................................
JNBY Design (F) 72¢ (54¢); (SD) 39¢......................................
Kaisa Group (I) 4¢ (3¢) ..........................................................
Kaisun Holdings (I) nil (nil) ...................................................
Keen Ocean Int'l (I) nil (nil)...................................................
King's Flair Int'l (I) 4¢ (4¢) ....................................................
Kingboard Holdings (I) 56¢ (28¢)..........................................
Kingboard Laminates (I) 30¢ (10¢); (SD) nil (190¢)................
Kowloon Dev (I) 25¢ (24¢).....................................................
L & A Int'l (1stQD) 0.24¢ (nil).................................................
L & A Int'l (1stQD) 0.25¢ (nil).................................................
L & A Int'l (1stQD) 0.26¢ (nil).................................................
L & A Int'l (F) 0.25¢ (nil) ........................................................
L'Occitane Int'l (F) Eur0.03687 (Eur0.02228).......................
Lam Soon (HK) (F) 33¢ (31¢)..................................................
Logan Group (I) 49¢ (43¢).....................................................
Longfor Group (I) 47fen (40fen)...........................................
Loto Interactive (I) nil (nil)....................................................
Luks Group (VN) (I) 3¢ (2¢)....................................................
Madison Group (1stQD) nil (nil).............................................
Man Shing Global (F) 1.5¢ (nil) ..............................................
Medialink Group (F) 0.2¢ (0.21¢)...........................................
Metropolis Capital (I) nil (nil)................................................
Mi Ming Mart (F) 0.6¢ (nil) ....................................................
Miramar Hotel (I) 20¢ (22¢)...................................................
Modern Dental (I) 7.5¢ (nil); (SD) 5¢ (nil)...............................
Modern Land (China) (I) 4fen (3.56fen) ................................
Multifield Int'l (I) 2¢ (0.5¢) ....................................................
National Arts (I) nil (nil)........................................................
Nexion Technologies (I) nil (nil)............................................
Oriental Explorer (I) 1¢ (nil) ..................................................
Oriental Watch (F) 12¢ (8¢); (SD) 27¢ (5¢)..............................
Pak Fah Yeow (I) 2.8¢ (2.6¢)..................................................
Ping An Insurance (I) 88fen (80fen) .....................................
Pioneer Pharma (I) 5.6¢ (7.1¢) ..............................................
Pizu Group (F) 1¢ (1¢) ............................................................
PM Packaging (I) 8¢ (nil).......................................................
Powerlong (I) 18¢ (12¢) .........................................................
Powerlong Com Mgt (I) 15¢ (10¢)...........................................
Q P Group (I) 2¢ (2¢)..............................................................
Reach New Holdings (I) nil (nil).............................................
Royal Century Res (1stQD) nil (nil)........................................
Ruifeng Power (I) 3¢ (2¢).......................................................
RuiYuan IC (I) nil (nil)............................................................
S E A Holdings (I) 2¢ (2¢) .......................................................
Sanbase Corpn (1stQD) nil (nil).............................................
Shanghai Indu H (I) 48¢ (22¢)................................................
Sheung Moon Hldgs (1stQD) nil (nil) .....................................
Shimao Group (I) 70¢ (60¢); (SD) nil (10¢).............................
SHK Properties (F) $3.7 ($3.7) ..............................................
Shoucheng Holdings (I) 4.11¢ ...............................................
Shougang Res (I) 8¢ (7.5¢) ....................................................
Sino Land (F) 41¢ (41¢); (SD) 28¢ (nil) ...................................
SmarTone Telecomm (F) 15.5¢ (15¢) .....................................
SUNeVision (F) 19.4¢ (17.5¢).................................................
Sunlight Reit (F) 13.1¢ (13.6¢)................................................
Sunwah Kingsway (F) 1.5¢ (1¢) ..............................................
Suoxinda Holdings (F) nil (nil)...............................................
Suoxinda Holdings (I) nil (nil) ...............................................
Tai Hing Group (I) 2.5¢ (1.3¢).................................................
Tai Kam Holdings (1stQD) nil (nil) .........................................
Tai Ping Carpets (F) 3¢ (nil)...................................................
Tailam Tech Const (I) 2.5¢ (nil)..............................................
Tao Heung Hldgs (I) 3¢ (nil)...................................................
Tat Hong Equip (F) 3¢............................................................
TEDA Biomedical (I) nil (nil)..................................................
Ten Pao Group (I) 5.7¢ (3¢)....................................................
Tianjin Development (I) 3.45¢ (3¢)........................................
Timeless Software (1stQD) nil (nil)........................................
Tong Kee (Holding) (I) nil (nil)...............................................
Top Form International (F) nil (nil).......................................
Top Spring Int'l (I) 3¢ (nil).....................................................
TradeGo (1stQD) nil (nil) .......................................................
Tradelink Elec (I) 2.8¢ (1.95¢)................................................
TST Properties (F) 41¢ (41¢); (SD) 28¢ (nil)............................
Uni Printshop (1stQD) nil (nil)...............................................
Union Asia Ent (1stQD) nil (nil)..............................................
VCREDIT Holdings (I) 10¢ (nil); (SD) 10¢ (nil).........................
Virscend Education (I) 1.9¢ (4¢)............................................
Wah Sun Handbags (F) 0.5¢ (1¢); (SD) 1.5¢ (1¢)......................
Weigao Group (I) 7.7fen (6.2fen)...........................................
Wing On Company (I) 34¢ (11¢)..............................................
Winning Tower Group (I) nil (nil)...........................................
Winto Group (I) nil (nil).........................................................
Wisdom Edu (SD) 12.8¢ .........................................................
WLS Holdings (1stQD) nil (nil) ...............................................
Xiabuxiabu Catering (I) 2.8fen (2.8fen) ................................
Xin Point Holdings (I) 4.54fen (3.4fen).................................
Xinyuan PM (F) 10.2¢ (5.2¢)...................................................
Yau Lee Holdings (F) 6.8¢ (1.5¢)............................................
YesAsia Holdings (I) 5¢ (nil) ..................................................
YGM Trading (F) 10¢ (nil) ......................................................
Ying Hai Group (I) nil (nil) .....................................................
Yongsheng Adv Materials (I) 1¢ (1.5¢) ...................................
Yue Kan Holdings (F) 1.124¢ (nil)...........................................
Yuexiu Property (I) 32.6¢ (28.5¢)..........................................
Yuexiu Transport (I) 20¢ (nil)................................................
Yuxing InfoTech (I) nil (nil) ...................................................
Zai Lab (I) nil (nil) .................................................................
Zhicheng Tech (1stQD) nil (nil)..............................................
Zhongliang Hldgs (I) 18.4¢ (16.3¢) ........................................
Zhongsheng Group (I) nil (nil)...............................................
Zhongyu Gas Holdings (I) 3¢ (2¢)...........................................
Profit / Loss
Rmb104.2m +57.7%
Rmb60.3m +49.9%
Rmb647.2m +87%
Rmb3b +8.46%
-HK$20m (-$29.1m)
HK$7.4m (-$0.4m)
HK$40.9m +1%
HK$5.06b +378%
HK$3.36b +358%
HK$619m +8%
HK$14.8m +1328%
.
.
.
Eur155m +33%
HK$358m +13%
Rmb6.2b +0.4%
Rmb7.42b +17%
-HK$31.6m (-$30.1m)
HK$42.5m +42%
-HK$7.8m (-$27.4m)
HK$28.6m +103.5%
HK$38.6m +7%
Rmb3.8b +448%
HK$27.1m -71%
HK$158m -0.6%
HK$240m (-$139.4m)
Rmb447.6m +12.4%
HK$109.6m (-$115.4m)
-HK$115m (+$690m)
-US$1.1m (-$2.3m)
HK$8.2m (-$128m)
HK$233.3m +132.6%
HK$10.3m (-$47.2m)
Rmb81.8b +10.1%
Rmb68.9m +124%
Rmb122.5m -46.7%
Rmb23.3m -21%
Rmb3.9b +76%
Rmb203.3m +40%
HK$32.5m -17.2%
-Rmb1m (-Rmb5.3m)
-HK$3.4m (-$2m)
Rmb33m +116%
-Rmb2.4m (-Rmb3.1m)
HK$65.6m +17%
-HK$0.6m (+$4.6m)
HK$2.1b +165%
HK$0.25m -98%
Rmb6.28b +19.3%
HK$26.7b +13.5%
-HK$1.39b (-$441m)
HK$673m +23%
HK$9.65b +471.4%
HK$444.6m +17.3%
HK$787.7m +11%
HK$639.7m -7%
HK$31.8m (-$40.9m)
-Rmb13.1m (+Rmb4.1m)
-Rmb41.7m (-Rmb5.2m)
HK$33.4m +298%
-HK$1m (-$1.26m)
HK$16.6m (-$37.1m)
Rmb6.76m +0.64%
-HK$20.6m (-$101.2m)
Rmb101.23m +32%
Rmb809m (-Rmb5.3b)
HK$190.2m +100%
HK$263.9m +130.4%
HK$5.6m +213%
-HK$3m (-$5.9m)
HK$2.8m (-$77.2m)
HK$96.6m (-$211.4m)
HK$4.2m +11.9%
HK$30m +48.6%
HK$5.3b +488.3%
-HK$1.9m (+$0.05m)
HK$2m -44%
Rmb777.6m (-Rmb1.1b)
Rmb178.6m -26.7%
HK$5.6m -99.9%
Rmb1.2b +21%
HK$399.6m (-$337.8m)
-HK$6.8m (-$4.8m)
HK$8.5m (-$0.12m)
.
HK$43.8m (-$3.15m)
-Rmb49.9m (-Rmb254.9m)
Rmb151.7m +142%
Rmb131.2m +61%
HK$150.4m (-$41.6m)
US$0.52m -77.7%
-HK$11.7m (-$87.1m)
-HK$8.8m (-$12.6m)
Rmb12.3m -59.5%
HK$37.6m +34%
RMB2.3b +15%
Rmb468m (-Rmb288m)
-HK$69.7m (-$52.6m)
-US$396m (-$129m)
-HK$2.1m (-$2m)
Rmb1.38b +14.6%
Rmb3.7b +61%
HK$644.2m +25.5%
(I) Interim dividend (F) Final dividend (B) Bonus (SD) Sp dividend
(Wrt) Warrant (Rts) Rights Issue (QD) Quarterly dividend
* with scrip with cash option @ on or before
Companies in bold declared dividends in the current week
Books
closed
20-Oct
20-Oct
28-Oct
1-Dec
_
_
24-Sep
9-Dec
9-Dec
15-Nov
15-Oct
18-Nov
16-Dec
24-Sep
7-Oct
18-Nov
16-Nov
20-Dec
_
21-Sep
_
5-Oct
24-Sep
_
27-Sep
27-Sep
27-Sep
20-Oct
5-Oct
_
_
5-Oct
23-Sep
6-Oct
30-Sep
4-Oct
4-Oct
26-Oct
8-Dec
24-Nov
22-Sep
_
_
27-Sep
_
24-Sep
_
24-Sep
_
27-Sep
10-Nov
30-Sep
30-Sep
2-Nov
10-Nov
4-Nov
23-Sep
1-Dec
_
_
11-Oct
_
19-Nov
28-Oct
30-Sep
13-Oct
_
6-Oct
28-Sep
_
_
_
5-Oct
_
27-Sep
2-Nov
_
_
20-Oct
25-Nov
8-Oct
1-Oct
7-Oct
_
_
4-Oct
_
8-Oct
5-Oct
22-Oct
21-Sep
22-Sep
30-Sep
_
24-Sep
4-Oct
20-Oct
9-Nov
_
_
_
11-Jan
_
19-Oct
Payable
date
26-Nov
5-Nov
15-Nov
17-Dec
_
_
8-Oct
7-Jan
6-Jan
1-Dec
25-Oct
26-Nov
24-Dec
15-Sep
22-Oct
1-Dec
3-Dec
24-Jan
_
8-Oct
_
20-Oct
21-Oct
_
20-Oct
13-Oct
15-Oct
5-Nov
21-Oct
_
_
21-Oct
11-Oct
10-Dec
25-Oct
p.a
3-Dec
31-Dec
22-Dec
15-Dec
12-Oct
_
_
22-Oct
_
15-Oct
_
12-Oct
_
5-Nov
18-Nov
29-Oct
28-Oct
6-Dec
19-Nov
25-Nov
8-Oct
19-Jan
_
_
4-Nov
_
17-Dec
10-Nov
15-Oct
5-Nov
_
26-Oct
29-Oct
_
_
_
25-Oct
_
8-Oct
7-Dec
_
_
12-Nov
20-Dec
28-Oct
5-Nov
19-Oct
_
_
13-Oct
_
22-Oct
29-Oct
29-Oct
8-Oct
22-Jan
18-Oct
_
29-Oct
29-Oct
18-Nov
29-Nov
_
_
_
25-Jan
_
15-Nov
B8
Monday, September 20, 2021
INVESTMENT FUNDS
1-m
rtrn
3-m 3-m
rtrn rk
6-m
rtrn
1-yr
rtrn
3-yr
Star
rtrn Fund size Rtg
Janus Henderson Hrzn European Gr A2 EUR
MFS Meridian Continen Eurp Eq A1 GBP
ASEAN Equity
MSCI AC ASEAN NR USD
ASEAN Equity
3.46 -2.54
4.05 0.55
Barings ASEAN Frontiers A USD Inc
JPMorgan ASEAN (acc) - USD
Fidelity ASEAN A-Dis-USD
Premia Dow Jones Em ASEAN Titans 100 ETF
Invesco ASEAN Equity A USD AD
5.08
4.52
3.56
5.27
3.56
4.45
-0.35
-0.46
-2.96
-2.99
1-m
rtrn
-1.47
1.77
1
2
3
4
5
15.48 -0.46
25.26 2.32
7.47
1.85
1.82
-2.01
-3.47
34.08
24.31
24.88
13.14
13.07
12.44
3.75
4.97
-1.55
-0.56
-0.11 -0.91
1.55 5.08
Schroder ISF Middle East A Acc USD
Franklin MENA A(acc)USD
Amundi Fds Equity MENA A2 USD C
JPM Emerging Middle East Eq A (dist) USD
3.05
2.62
1.75
1.73
7.79
6.56
6.24
5.75
8.39
14.42
1
2
3
4
12.51
13.44
16.74
17.59
545.72
1407.99
783.64
37.35
75.58
5
4
3
2
3
-2.52 -8.84
0.03 1.38
Alquity Africa USD A
2.12
-2.16
4.66
2.89
1
32.77 7.82
32.38 10.29
30.74
32.26
37.29
33.88
7.91
8.28
8.28
12.17
59.51
56.79
62.01
97.86
3
3
4
4
8.40
0.29 -6.84
-0.49 -6.59
AXA Unit Trusts - Pacific Fund
FSSA Asian Growth I USD Acc
Allianz Little Dragons A USD
ICBC Asset Management Asia Sel Gr Fd
Barings Asia Growth ClassA USD Inc
1.19
2.56
2.06
-0.44
2.00
6.88
1.51
0.56
-0.98
-1.21
-6.77
-6.70
1
2
3
4
5
21.52
1.02
4.68
-5.31
-0.15
21.78
0.77
8.97 3
MSCI Europe ex UK Small Cap NR EUR -0.19
Europe ex-UK Small/Mid-Cap Equity -0.04
Jupiter Europe (ex UK) SmlComs L EUR Acc
Invesco Cnttl Eur Sm Cp Eq A USD AD
Barings Europe Select A GBP Inc
3.23
2.54
0.88
1.52
Matthews Asia Small Coms Fd A USD Acc
JPMorgan Asian Smlr Coms (acc) - USD
AS SICAV I Asn Smllr Coms A Acc GBP
PineBridge Asia exJapan SmCap Eq A
Templeton Asian Smlr Coms A(acc)USD
4.22
2.85
3.34
3.44
0.63
7.74
4.58
2.91
2.15
1.18
1
2
3
4
5
13.43 10.24
14.81 11.10
2.59 -2.54
2.78 -0.36
Allianz Oriental Income A USD
JPMorgan Pacific Sec (acc) - USD
St James's Place Far East Inc
Matthews Asia Dividend Fund A USD Acc
Fidelity Pacific A-Dis-USD
5.41
3.03
1.55
1.56
3.99
1.33
-0.34
-0.43
-1.26
-1.92
30.58
25.05
19.68
-2.01
23.83
8.67
11.68
10.70
14.92
20.21
9.15
7.81
38.71 12.47
32.76 12.73
19.18
15.66
8.93
4.52
9.63
46.28
39.70
28.83
27.02
49.08
20.68
21.85
9.77
13.82
9.12
-1.67
1.37
18.50
21.83
9.28
8.19
2.51
2.52
2.43
2.58
0.40
30.28
22.04
17.28
15.35
32.20
24.04
15.62
10.11
9.26
12.37
1
2
3
4
5
293.28
466.67
186.41
1.70
224.76
4
2
3
5
-0.03 -6.50
-0.21 -4.54
FSSA Asia Opps I USD Acc
FSSA Asia Focus III USD Acc
Fidelity Asia Pacific Div A-Dis-USD
FSSA Asian Eq Plus I USD Inc
Franklin MV APexJ Eq G&I A USD DisA
1.82
2.44
0.85
0.26
1.40
0.63
-0.10
-0.78
-1.22
-2.22
-5.32
-2.54
1
2
3
4
5
2.17
0.98
0.73
1.04
0.69
Legg Mason MC AP ExJpn RI A USD Dis(M)+
Janus Henderson Hrzn Asn Div Inc A2 USD
BEA Union Investment Asn Opports AUSDDis
Allianz High Div Asia Pac Eq A EUR
Schroder ISF Asian Eq Yld A Acc USD
1.70
-1.00
1.22
2.92
0.04
8.02
0.11
-2.55
-3.25
-3.83
1
2
3
4
5
Allianz Euroland Equity Growth AT EUR
BGF Euro-Markets A2
AXA WF Framlington Euro Sel A Cap EUR
UBS (Lux) EF Euro Countrs Oppo (EUR) P
Janus Henderson Hrzn Euroland A2 EUR
1.27
-0.21
-0.58
-0.15
-0.63
MSCI EMU SMID NR EUR
Eurozone Mid-Cap Equity
25.92
20.72
23.44
22.72
17.40
10.21
10.92
12.11
12.27
2.02
4.86
-3.47
17.53
7.47
Fidelity Australia A-Dis-AUD
AS SICAV I AUS Equity A Acc AUD
Barings Australia A USD Inc
JPMorgan Australia (acc) - USD
-1.84 -4.72
0.30 -0.34
-0.27
1.04
-0.85
-0.18
0.07
-0.04
-2.86
-3.17
57.71
296.10
922.64
2567.67
1042.81
5
4
3
5
3
7.16
8.92
5.71
3.19
1178.22
1011.19
1815.72
238.84
2067.65
5
5
4
4
4
-0.22 -8.54
0.30 -4.11
HSBC GIF BRIC Markets Equity AC
HSBC GIF BRIC Equity AC
Schroder ISF BRIC A Acc USD
Templeton BRIC A(acc)USD
2.66
1.96
-2.35
0.17
-0.37
-1.59
-6.84
-8.08
-8.45
0.60
1
2
3
4
6.52
5.75
-6.51
-6.24
-5.51 -14.14
-4.43 -15.01
-6.90 -16.69
31.38
175.07
338.54
7690.19
29.45
3
4
4
5
1
1.30
32.20
26.75
27.30
21.06
2.04
12.85
8.52
8.29
28.08
121.13
28.97
93.58
1440.57
2
5
3
4
24.02
22.95
8.09
12.64
ICBC Asset Management China & HK Vision
BOCIP China Value A
Foundation China Equity A HKD Dis
Hang Seng China B Shr FOCUS A1
Ping An MSCI China Quality Factor ETF
2.29
4.52
-0.41
-0.65
-5.01
1.70
0.67
-0.31
-0.74
-1.00
1
2
3
3.00
4.11
2.48
-19.08
-13.87
1
2
3
4
5
-1.30
-6.15
-0.07
1.50
-2.67
-0.80 -0.70
-2.65 -4.77
BOCIP China-A Small and Mid Cap A HKD
CHNAMC New Horizon CHN A shr A USD Acc
CSOP CSI 500 ETF
CICC CSI SELECT 100 ETF
Schroder China Equity C Acc USD
4.49
-1.29
6.27
3.44
-0.02
15.36
14.95
13.06
4.50
3.82
11.76
10.94
8.01
3.28
475.41
74.28
72.43
21.54
5
4
2
2
Schroder ISF Emerging Europe A Acc EUR
Templeton Eastern Europe A(acc)EUR
DNCA Emerging Europe Equity R/A USD
Manulife GF Emerging Eastern Europe AA
Barings Eastern Europe A USD Inc
4.24
4.00
5.55
5.53
4.80
6.47
4.65
2.77
4.06
9.57
7.98
6.15
5.13
4.86
11.72
11.49
11.38
10.47
126.49
285.56
942.99
571.69
3
3
5
3
Allianz Thematic Income AM USD
Barings European Equity Inc A EUR Dist
Fidelity European Div A-Acc-EUR
BNP Paribas Europe Dividend C C
BGF European Equity Income A5G EUR
11.73
6.59
5.46
8.01
7.90
11.31
7.21
2.83
158.54 4
105.39 3
178.16 2
-8.01 7.28
0.24 11.34
0.96
14.07
14.60
1.98
25.08
18.36
-0.50
-0.71
3.61
-0.82
15.86 20.34
11.24 18.76
22.06
26.81
21.83
1.64
6.02
13.60
40.09
22.57
10.95
23.48
1
2
3
4
5
4.24
1.30
-1.03
-1.40
-1.55
4.52 4
112.43 2
73.72
2.47 2
6.34
1
2
3
4
5
18.65
18.81
13.27
12.87
9.44
57.06
58.05
33.81
46.30
36.17
3.37 17.73
7.05 23.00
1
2
3
4
5
-4.04
6.92
8.42
7.91
-1.80 -1.63
-0.65 1.38
Schroder ISF European Value A Acc EUR
0.23
-2.49
10.35
33.89
28.71
3.61 1
5
7.42
7.77
108.68 5
UBS (Lux) Eq Eurp Opp Sst (EUR) P acc
ASSII-Europ Focus Eq A Acc EUR
Barings Europa A USD Inc
T. Rowe Price Eurp Eq A EUR
Principal European Equity A Inc USD
16.27
15.83
11.96
14.68
11.73
1348.38
273.06
47.88
158.80
800.56
5
3
3
3
3
7.11
6.34
4.39
20.35
17.80
20.42
0.41
8.37
5.62
9.81
9.22 26.46
11.66 31.13
9.71
8.56
1
4.53
-1.80 -1.63
-1.39 -0.58
0.16
-0.57
0.35
-0.58
-1.19
1.82
1.69
1.46
1.41
1.31
Allianz Europe Equity Gr Sel A EUR
Allianz Europe Equity Growth AT EUR
Jupiter European Growth L EUR Acc
BGF European Special Situations A2
BGF European A2
-0.88
0.26
1.33
3.64
1.92
1.57
1.50
1.48
1.65
8.29
8.04
6.69
4.99
4.85
37.01
8.80
161.39 4
223.38 3
2537.02 5
BGF European Value A2
Invesco Pan European Equity A EUR Acc
Franklin Mutual European A(acc)USD
AB European Eq Ptf A Acc
Fidelity FIRST European Value A EUR Acc
42.90
9.22 26.46
10.13 25.37
1
2
3
4
5
12.83
8.56
10.64
12.52
13.33
3.02
372.62 2
27.38
26.77
28.45
25.94
32.51
9.71
8.78
12.83
8.48
5.96
12.17
13.01
767.35
15.39
31.69
135.85
83.68
5
3
2
5
5
15.30 26.64 14.95
15.67 29.27 13.41
1
2
3
4
5
23.25
22.14
19.64
19.80
19.73
-2.81 -4.71
-2.40 -3.54
-1.78
-1.50
-2.60
-1.61
-2.22
-1.56
-1.78
-2.17
-2.24
-3.25
41.05
38.36
27.53
32.77
40.10
18.47
17.46
11.55
16.46
19.90
1832.40
10370.21
1812.28
1968.08
2203.89
4
4
4
4
4
3.31
5.99
1
2
3
4
5
6.98
7.04
4.97
8.02
4.32
25.87 4.08
27.10 5.64
29.07
32.11
26.75
27.48
28.34
8.02
3.75
3.59
5.24
4.59
1132.33
1469.79
778.61
907.19
35.42
4
3
2
4
3
Europe Mid-Cap Equity
MSCI Europe SMID NR EUR
Europe Mid-Cap Equity
DNCA Europe Smaller Coms R/A EUR
MFS Meridian European Smlr Coms A1 EUR
BNP Paribas Europe Small Cap Cl C
BNP Paribas Funds Euro Mid CapC C
-0.91
-0.21
0.30
2.78
0.64
-0.50
-2.04
-2.35
2.99
2.16
0.16
-0.75
ASSII-Eu SmlComp A Acc EUR
JPM Europe Small Cap A (dist) EUR
PineBridge Europe Small Cap Equity Y
Invesco Pan European Sm Cp Eq A EUR Acc
Templeton Eurp Sm-Mid Cap A(acc)EUR
-0.40
0.87
1.16
3.85
0.48
0.49
-0.50
0.29
-0.06
5.85
4.08
2.56
1.33
0.14
-2.52
BGF Continental Eurp Flex A2
AS SICAV I Eurp Eq Ex UK A Acc EUR
Barings European Growth A GBP Inc
-1.71
-0.95
-1.11
0.13
2.12
1.83
0.69
5.85
5.15
3.25
4.32
-3.06
10.99
8.52
26.28
34.09
4.30
9.89
269.01 2
97.19 3
9.42
16.39
1
16.99
45.30
12.26
6.07
28.82
5.00
8.17
62.87
4.99
7.91
62.00
1.38
6.33 17.43
6.90 20.45
9.12
7.03
10.70
5.14
6.40
8.65
1
-1.93 -3.30
-1.37 -2.25
Barings German Growth A GBP Acc
Fidelity Germany A-Dis-EUR
-0.03
-2.60
1.43
-3.64
32.81
12.93
MSCI EM NR USD
Global Emerging Markets Equity
0.60 -6.01
-0.01 -5.22
BNY Mellon Global Em Mkts USD B Inc
Capital Group New World (LUX) B
Stewart Inv Glbl Em Mkts Ldrs I USD Acc
Fidelity Emerging Mkts Foc A-Dis-EUR
PineBridge Global Emerg Mkts Foc Eq Y
1.72
0.66
1.23
-0.88
2.73
1.70
0.00
-0.32
-0.87
-1.30
-4.04
-3.20
16.61
19.45
9.87
9.86
-2.58
5.50
6.29
1.50
-0.20
25.13
25.74
25.04
25.84
23.45
18.33
15.35
1.65
17.26
13.41
1
2
3
4
5
MSCI Emerging Markets SMID NR USD
Global Emerging Markets Small/MidCap Equity
3.01 -0.65
2.14
1.13
AS SICAV I EM Smlr Coms A Acc USD
Templeton Em Mkts Smlr Coms A(acc)USD
2.84
-0.40
3.44
0.07
91.28 3
8.59
8.86
9.18
75.04 1
15.26
8.91
-2.76 -1.45
-1.30 -0.53
BGF Systematic Glbl Eq Hi Inc A2 USD
Ninety One GSF Glb Qual Eq Inc C Acc USD
Jupiter Merian Glb Eq Inc (IRL) L $ Inc
T. Rowe Price Glb Eq Div A USD
Allianz Global Dividend AMg USD
0.60
-1.59
-0.02
1.21
0.05
2.55
2.15
1.61
1.21
1.17
5.44 20.30
8.62
6.83 24.63
9.23
8.31
8.89
9.95
6.06
7.48
9.78
12.60
10.53
11.52
9.65
1
2
3
4
5
23.48
20.80
34.60
23.54
25.17
Pictet-Security P USD
Amundi HK - Disrpt Opps Eq Cl USD Acc
Janus Henderson Hrzn Glb Sus Eq A2 USD
Allianz Thematica A EUR
Jupiter Merian World Equity L USD Acc
0.21
0.10
2.81
1.38
2.52
4.31
2.70
0.57
0.41
8.13
7.80
6.42
6.24
3.19
474.13 3
1336.34 5
76.11
515.90
83.84
942.83
119.76
5
5
2
5
4
14.47
9.84
13.02
9.85
10.95
34.43
32.17
32.77
30.11
35.61
17.37
20.90
17.88
11.42
MSCI Frontier Markets NR USD
Global Frontier Markets Equity
1.56
3.13
4.65
6.47
T. Rowe Price Frontier Mkts Eq A USD
Schroder ISF Frntr Mkts Eq A Acc USD
Templeton Frontier Markets A(acc)EUR
3.13
3.09
2.07
7.78
6.34
5.18
18.48
17.20
1
2
3
22.01
19.17
17.67
351.94 3
549.82 3
3259.72
262.30
48.83
12.60
235.54
3
4
4
4
3
1
2
3
4
14.92
12.25
8.59
9.37
36.24
26.80
22.24
19.19
12.11
10.99
8.78
6.31
217.22
691.64
1577.40
42.35
3
4
3
2
10.04 39.62 12.28
15.52 46.66 13.67
1
2
3
4
5
20.00
15.07
17.00
8.52
7.88
46.97
45.32
45.18
48.07
34.64
18.01
11.54
10.39
11.46
-0.41
2252.73
975.44
63.37
116.38
122.19
5
3
2
2
1
10.52 26.30 11.65
10.58 27.05 11.06
1
2
3
20.41
16.78
12.84
44.70
25.41
30.19
20.59
13.12
7.64
-1.77 -10.70
-2.63 -8.07
iShares Core KOSPI 200 ETF
Barings Korea Feeder USD A USD Acc
Barings Korea A GBP Acc
JPMorgan Korea (acc) - USD
JPM Korea Equity A (acc) USD
777.51 764.00
-2.16 -8.03
-2.51 -8.20
-2.18 -8.45
-2.94 -8.47
9.95
9.36
4.87
Allianz Global Sustainability A EUR
HSBC GIF Global Eq Climate Change AD
AB SICAV I Low Volatility Eq A USD Acc
PineBridge Global Focus Equity L
Schroder ISF Global Eq A Acc USD
0.21
-0.14
2.81
2.03
1.01
0.69
-0.27
0.51
1.45
7.16
6.50
5.16
5.15
5.14
9759.08
224.28
507.78
3480.55
252.06
5
5
5
4
17.81
10.58
12.11
13.99
12.57
28.41
29.67
22.56
38.59
30.94
17.07
19.64
10.22
16.37
16.65
MSCI ACWI Growth NR USD
Global Large-Cap Growth Equity
1.65 6.40
0.45 3.95
AB SICAV I Stbl Glbl Tmtc Prflio A USD
Stewart Inv Wldwd Ldrs Sstby I USD Acc
Franklin Global Growth A(acc)USD
BNY Mellon Long-Term Glbl Eq EUR B Acc
BNY Mellon Global Leaders USD A Acc
1.80
2.98
1.95
0.84
0.35
10.05
9.82
7.08
6.52
6.31
107.71 3
407.10 4
334.66 2
13.66
18.94
12.16
14.61
15.90
35.68
35.34
28.94
28.10
32.57
21.58
14.58
12.98
15.38
17.52
MSCI ACWI Value NR USD
Global Large-Cap Value Equity
-1.30 -0.76
-0.91 -0.95
Templeton Select Global Ldrs A CNH
Eastspring Inv World Val Eq A
AB Global Value A Acc
Franklin Mutual Glbl DiscvA(acc)USD
Franklin MV Glb Eq Gr & Inc A USD Acc
3.16
-0.09
-1.45
-1.83
-1.65
1.75
1.51
0.14
-1.16
-1.18
5.39 29.53
5.41 29.84
1
2
3
4
5
6.18
7.52
6.54
5.29
5.20
34.57
32.56
32.32
31.90
21.08
2056.16
304.76
3878.82
413.41
950.51
4
5
3
4
5
MSCI ACWI SMID NR USD
Global Small/Mid-Cap Equity
1.47
1.44
1.38
1.82
AS SICAV I Wld Smllr Coms A Acc USD
Principal Origin Glb Smlr Coms A Acc USD
BGF Systematic Glb SmallCap A2
Schroder ISF Global Smlr Coms A Acc USD
Allianz Global Small Cap Equity AT USD
3.28
-0.13
2.41
2.14
1.35
9.15
2.00
1.46
0.70
-0.26
1
2
3
4
5
MSCI Golden Dragon NR USD
Greater China Equity
-1.38 -9.93
-2.68 -9.84
Guotai Junan Greater China Gr A HKD Inc
Guotai Junan Equity Income A Inc
FSSA Greater China Growth I USD Acc
PineBridge Greater China Equity A
Fidelity Greater China A-Dis-USD
3.51
-0.72
-3.89
-2.41
-0.29
1.94
-2.37
-6.03
-6.86
-7.55
1
2
3
4
5
37.57 12.13
39.22 10.41
15.54
7.99
5.92
4.23
-1.76
44.08
45.39
41.90
37.41
36.81
3772.14
55.88
345.01
2010.90
56.52
4
3
2
3
3
Hang Seng HSI GR HKD
Hong Kong Equity
-5.26 -12.42
-4.70 -10.86
BOCIP Hong Kong Low Volatility Eq A
Haitong Hong Kong Equity Invst I USD
Ping An of China CSI HK Dividend ETF
Global X Hang Seng High Div Yield ETF
ChinaAMC Hang Seng Stk Conct HK SmCp ETF
8787.74 5
145.36 4
118.12 2
1.53
0.76
-4.93
-1.09
-1.14
-1.22
-1.36
-3.14
-5.51
-6.60
19.62
-4.22
14.96
6.79
9.97
-13.41
-11.33
1
2
3
4
5
6.69
461.00
931.34
548.97
12.02
2
3
3
2
2
20.10
10.88
9.06
10.91
55.89
39.49
267.88
270.46
264.25
5
3
3
4
14.19
9.25
15.27
5.44
13.29
1115.47 4
71.70 2
1262.76 4
7.98
8.91
10.27
16.63
14.98
-1.27
6.91
-2.42
2.59
5.95
-3.06 -9.10
-2.78 -9.45
MS INVF Latin American Equity A
Fidelity Latin America A-Dis-USD
JPM Latin America Equity A (dist) USD
BNP Paribas Latin America Eq Cl C
PineBridge Latin America Equity Y
-0.96
-1.12
-2.34
-2.24
-3.39
8.99 12.58
7.32 11.74
Fidelity India Focus A-USD
Allianz India Equity I USD
JPMorgan India Smaller Companies USD
Matthews India Fund A GBP Acc
BGF India A2
7.20
6.87
8.98
9.48
7.58
14.23
14.20
13.41
13.32
13.21
20.22
18.28
1
2
3
4
5
19.62
22.11
23.63
19.82
16.81
MSCI Nordic Countries Small Cap NR
USD
Nordic Small/Mid-Cap Equity
1.86 -1.55
2.39 -0.95
Allianz Indonesia Equity A USD
Fidelity Indonesia A-Dis-USD
Xtrackers MSCI Indonesia Swap ETF 2C
JPMorgan Indonesia (acc) - USD
Eastspring Inv Indonesia Equity A
2.12
3.74
2.77
3.39
2.40
1.05
0.51
-0.76
-0.81
-2.01
-5.04
-3.74
1
2
3
4
5
-3.44
-13.15
1
55.66
52.74
62.60
55.57
51.02
-1.44
-1.12
10.09
8.47
9.04
6.58
7.43
FSSA Japan Equity I USD Acc
Fidelity Japan Aggressive I-Acc-JPY
Invesco Japanese Equity Div Gr A USD AD
Fidelity Japan Smaller Coms A-Dis-JPY
BOCIP Japan Small & Mid Cap Opport A
16.97
11.81
9.81
8.98
9.36
18.66
9.80
8.67
5.57
5.52
1
2
3
4
5
13.72
12.03
12.14
11.41
10.84
8.47 6.58
8.59 6.90
JPMorgan Japan (Yen) (acc) - JPY
JPM Japan Equity J (dist) USD
AS SICAV I Japanese Eq A Acc JPY
Fidelity Sustainable Jpn Eq A-JPY
JPMorgan SAR Japan A
12.88
12.89
11.00
10.59
9.95
14.21
14.08
11.19
10.68
10.31
1
2
3
4
5
-3.95
1
2.04
MSCI Pacific Ex Japan NR USD
Pacific ex-Japan Equity
-2.71 -5.08
-2.42 -4.65
-1.84
-4.62
1
FTSE EPRA Nareit Developed Asia TR
USD
Property - Indirect Asia
First Sentier Asian Prpty Secs I USD Inc
Janus Henderson Hrzn AsPac Pty IncA3USD
Manulife GF APAC REIT AA HKD
MS INVF Asian Property A
BOCHK IF Asia Pacific Property A
-0.50 -3.48
40.99
9.04
0.61
1.12
22.51
23.95
7.83
7.41
0.89
22.66
1.88 16.90
-2.02 -5.38
-0.18
-1.04
-3.81
-0.37
-2.63
-2.50
-3.16
-6.45
-6.66
-8.48
2
2
5
5
219.97
670.69
576.42
56.81
86.60
3
4
4
2
3
-6.00 -0.85
2.41
6.92
4.32
3
4
3
4
2
36.04
10.52
6.39 24.56
7.63 23.22
6.96
5.89
21.73
11.26
7.26
6.58
-1.29
16.78
11.39
4.62
6.76
7.44
38.07
27.83
23.14
19.81
16.36
8.87
3.73
18.40
12.38
0.52
8.82
8.28
4.27
7.97
12.69 23.48
7.97
6.12
40.34
576.13
87.29
1.49
1.82
2.63
3
4
2
3
24.75
7.50
31.56
13.92
864.38 5
-4.84
0.60
2
14.79
19.45
8.68
811.86 4
8.84
12.19
25.79
27.81
7.57
7.93
6.39 24.56
7.28 26.66
6.96
7.29
16.85
16.59
12.11
14.46
13.55
13.91
13.62
8.25
12.02
10.65
28.67
28.04
23.22
27.42
33.87
15.21
15.31
14.08
13.28
11.39
24.75
27.26
26.50
23.74
21.38
3.18
3.01
2.60
2.09
1.58
1
2
3
4
5
FTSE EPRA Nareit United States TR
USD
Property - Indirect North America
0.22
3.48
0.42
3.53
0.76
0.89
4.23
4.19
1
2
12.48
7.87
10.76
12.04
33.19
1933.68
161.64
657.73
316.78
MSCI Russia NR USD
Russia Equity
Pictet-Russian Equities P EUR
BNP Paribas Russia Eq C Cap
HSBC GIF Russia Equity AD
JPM Russia A (dist) USD
UBS (Lux) ES Russia (USD) P-acc
S&P Global Agribusiness Equity TR
USD
Sector Equity Agriculture
Pictet-Nutrition P USD
Barings Global Agriculture A GBP
BGF Nutrition A2 USD
S&P Global Clean Energy TR USD
Sector Equity Alternative Energy
BGF Sustainable Energy A2
Pictet-Clean Energy P USD
Invesco Energy Trnstn Fd A Acc
BNP Paribas Energy Transition C C
-4.40
-4.57
0.55
-0.20
-0.71
4.78
3.88
1.10
0.42
-1.17
15.51
37.29 10.23
16.51
33.98 10.00
17.94
17.09
1
2
3
4
5
4.92
4.76
6.46
5.21
5
3
4
5
S&P Global Water TR
Sector Equity Water
0.07
0.32
8.83
3.41
Pictet-Water P EUR
BNP Paribas Aqua C USD C
Fidelity Sust Water & Waste A Acc USD
0.37
0.23
-0.50
8.23
7.90
4.57
5.70
5.36
3.40
3.34
1.93
5.93
3.87
3.82
3.57
2.80
21.62
16.67
16.23
13.57
11.45
1
2
3
4
5
12.32
9.57
14.07
13.47
12.58
-1.61 -1.54
28.43
36.83
13.80
1.46
798.95 4
119.45 2
32.72
21.37
26.48
38.21
21.59
15.45
10.61
11.52
13.19
8.61
864.38
811.86
798.95
193.71
657.73
40.86
35.18
44.80
34.44
41.37
-0.73
-1.35
-0.45
-1.85
0.11
1.44
-1.45
-3.55
-0.50
1
2
3
-0.20 -1.76
1.20 4.86
1.71
1.26
-1.96
-0.19
6.36
4.86
-4.19
-7.36
3.32 8.10
2.74 -0.65
Janus Henderson Horizon Bio A2 USD Acc
Franklin Biotechnology Discv A(acc)USD
ChinaAMC Hang Seng Hong Kong Biotech
ETF
11.06
3.59
6.15
-1.95
1
2
-7.99
-21.02
3
Cat 50%MSCI Wld/CD NR&50%MSCI
Wld/CS NR
Sector Equity Consumer Goods &
Services
BNP Paribas Consumer Innovtr Cl C
Pictet-Premium Brands P EUR
Fidelity Global Cnsmr Inds A-Dis-EUR
Invesco Glbl Consmr Trnds A USD Acc
Allianz Food Security A EUR
MSCI World NR USD
Sector Equity Ecology
Pictet - Global Envir Opps P USD
Jupiter Global Elgy Gr L EUR Acc
BNP Paribas Global Envir Cl D
Schroder ISF Glb Clmt Chg Eq A Acc USD
Ninety One GSF Global Envir A Acc EUR
MSCI World/Financials NR USD
Sector Equity Financial Services
Jupiter Financial Innovt L EUR Acc
Fidelity Global Financial Svcs A-Dis-EUR
BGF World Financials A2
Manulife Adv US Bank Eq AA USD Inc
ChinaAMC Hong Kong Banks ETF
MSCI World/Health Care NR USD
Sector Equity Healthcare
Invesco Global Hlth Care Innovt A USD AD
GS Global Future Health Cr Eq Bs USD Acc
AB International HC A Acc
Manulife GF Healthcare AA
Fidelity Global Health Care A-Dis-EUR
17.78
14.32
17.85
16.90
20.20
1160.05
1015.67
157.33
434.32
97.12
3
4
3
3
4
3.05 26.67
8.59
7.58
-0.29
0.67
12.53
12.38
10.62
21.81
37.44
24.00
BNY Mellon Global Infras Inc Instl WInc
BNY Mellon Global Infras Inc USD B Inc
AS SICAV I EM Infras Eq A Acc USD
MS INVF Global Infrastructure A
First Sentier Glb Lstd Infra I USD Inc
11.65
5.75
-12.99
-11.71
40.24
37.42
39.52
49.47
25.52
21.87
-16.47
27.01
7336.23 4
7748.04 3
79.34
3786.26
3
4
3
3
3
1
2
3
4
5
8.06
35.72 23.30
18.30
19.44
13.83
16.27
14.99
39.88
47.16
44.59
37.21
35.99
26.27
31.40
30.93
27.95
25.09
3853.92
10600.52
1510.67
544.77
445.28
4
5
4
4
3
20.87 45.40 21.87
10.77 36.75 17.05
1
2
3
19.67
17.20
14.43
33.54
43.22
32.49
18.27
18.81
3.81
1.51
28.57
25.75
3.56
3.03
1.94
22.81
4.49
10125.55 3
4359.03 3
2426.05
-1.91
1
138.73 4
Spain Equity
-2.37 -7.25
-2.30 -6.88
-1.52
-6.08
1.06 24.95 1.32
1.78 18.69 -1.30
1
1.36
-3.95 -1.99
-3.22 -0.58
-2.71
14.53
2.19
253.38 5
0.44
12.62 14.42 15.47
13.65 20.80 15.01
1
14.88
18.21
13.90
399.95 2
Switzerland Small/Mid-Cap Equity
MSCI Switzerland Small Cap NR CHF
Switzerland Small/Mid-Cap Equity
BGF Swiss Small & MidCap Opps A2 CHF
0.66
0.05
4.25
3.65
1.52
7.16
14.05
18.38
1
32.77 13.02
32.61 13.03
24.02
36.32
17.20
1165.28 5
Taiwan Large-Cap Equity
MSCI Taiwan NR USD
Taiwan Large-Cap Equity
3.92
4.03
1.58
2.84
Manulife GF Taiwan Equity AA
Fidelity Taiwan A-Dis-USD
JPM Taiwan A (dist) USD
iShares Core MSCI Taiwan ETF
Xtrackers MSCI Taiwan ETF 1C
9.18
5.61
5.73
3.95
3.91
8.91
5.50
4.01
1.92
1.82
7.20 43.76 26.41
11.67 42.11 21.58
1
2
3
4
5
20.29
10.59
13.87
8.96
8.76
41.22
41.34
44.80
44.90
43.91
19.54
21.82
23.04
25.09
25.14
47.22
105.81
238.19
80.33
170.56
34.86
2.06
7.41
3.92
4.77
1.58
4.47
2.20
1.09
7.20 43.76 26.41
16.35 47.66 26.15
1
5.84
33.16
18.50
109.56 3
MSCI Thailand NR THB
Thailand Equity
7.71 -5.06
7.56 -5.09
5.19
7.55
8.38
7.96
6.79
-2.08
-4.10
-4.75
-4.92
-5.56
-5.29
-4.44
1
2
3
4
5
14.51 -2.66
14.89 -2.87
-3.44
-3.13
-3.46
-4.88
-5.06
10.68
14.33
19.97
15.79
12.63
-4.49
-2.26
1.20
-1.48
-2.23
78.78
74.22
40.22
283.18
242.26
7.73
-2.30
6.68
9.79
3.74
31.49
29.72
26.67
24.05
14.61
1
2
3
4
5
43.11
35.38
57.35
23.02
19.55
0.39
-5.85
9.20
87.58
-16.78
0.41
45.39
10.32
471.25
3.37
-3.02
-1.66 -2.16
-1.42 -1.27
St James’s Place UK Hi Inc Unit Tr L Inc
St James's Place Allshare Income Inc
St James's Place Equity Income Inc
-2.22
-0.81
-1.05
3.26
-3.24
-5.44
5.54 30.63 5.65
7.16 34.44 4.64
1
2
3
12.03
3.77
-0.46
48.01
30.01
45.66
-1.14
3.45
4.72
5.54 30.63
8.00 39.57
5.65
7.48
2218.26
451.46 3
1366.30 3
UK Flex-Cap Equity
FTSE AllSh TR GBP
UK Flex-Cap Equity
-1.66 -2.16
-1.13 0.27
AS SICAV I UK Eq A Acc GBP
Fidelity United Kingdom A-Dis-GBP
Fidelity UK Special Situations A-ACC-EUR
-1.67
-1.10
-0.99
0.13
-1.00
-1.13
1
2
3
7.10
8.17
9.56
26.83
44.05
47.59
9.22
6.81
5.54 30.63
6.15 30.68
5.65
5.34
9.98
10.62
8.11
3.82
4.34
0.57
9.62
3.37
0.96
5.09
52.21 3
128.30 2
78.23
FTSE AllSh TR GBP
UK Large-Cap Equity
-1.66 -2.16
-1.42 -1.66
St James's Place UK Growth Acc
BGF United Kingdom A2
Invesco UK Equity A GBP AD
Schroder ISF UK Equity A Acc GBP
MFS Meridian UK Equity A1 GBP
-0.32
-0.53
-0.12
-1.85
-1.77
4.42
2.85
0.44
-1.22
-2.09
1
2
3
4
5
36.63
26.06
52.07
38.07
24.91
468.46
622.25
66.47
124.56
44.03
28.21
2530.48 3
UK Small-Cap Equity
FTSE Small Cap Ex Invest Trust TR
GBP
UK Small-Cap Equity
Russell 3000 TR USD
US Flex-Cap Equity
Franklin US Opportunities A(acc)USD
Wells Fargo (Lux) WF USAllCpGr A USD Acc
Neuberger Berman US MltCp Opps USD A Acc
Janus Henderson Oppc Alp A2 USD
Fidelity American Growth A-Dis-USD
201.67
14.33
-2.06
0.57
12.65
77.38 14.67
0.59
3.37
15.05
58.83 14.79
1.83
4.21
1
14.71
50.45
14.90
364.49 3
0.29
-0.35
5.35
1.60
3.40
4.95
-0.18
0.81
0.63
11.61
11.04
5.75
2.46
0.92
1
2
3
4
5
11.68
5.77
35.81 17.85
35.14 14.09
20.14
13.52
10.66
10.70
5.06
33.93
37.93
34.87
43.17
33.92
22.74
23.05
14.17
21.48
17.06
9216.12
1322.15
753.46
40.19
1142.06
5
5
4
4
4
1910.04
24.77
148.04
410.51
4306.63
2
3
3
5
504.49
240.54
1220.14
45.86
215.81
4
3
4
5
US Large-Cap Blend Equity
-1.22 -3.60
-0.16
-2.27
-1.04
1.46
-3.86
3.39
1.19
-1.86
-5.74
-6.44
1.96
1
2
3
4
5
17.99 10.27
7.14
10.08
3.63
-9.69
-3.64
29.55
35.36
19.02
21.85
18.35
17.01
15.69
17.60
1728.75
2155.41
1803.92
6710.81
148.33
5
4
4
4
0.16
0.43
4.12
3.92
2.72
1.76
0.41
1.48
-1.10
8.39
7.60
6.98
5.45
5.17
1
2
3
4
5
14.25
13.45
15.08
9.55
12.34
33.75
40.57
33.76
38.54
43.31
-2.29
-5.63
-7.14
-8.49
20.06 10999.43 4
15.97
20.47 3
17.01 4489.65 3
22.62
5071.08 5
1002.54
3.83
3.83
1.24
-1.08
40.59 -1.49
86.75 -15.38
46.12 -10.08
40.66 -8.38
-1.31 0.49
-0.30 1.43
4.82
-0.79
-0.19
-0.76
-2.61
10.87
1.97
1.66
-2.99
-7.65
1
2
3
4
5
8.93 47.24
7.95 41.93
9.28
7.43
12.39
8.23
6.16
-2.50
-8.47
14.67
11.63
13.43
1.54
-3.19
37.86
44.45
57.13
66.51
21.68
-1.40 5.47
-0.03 0.44
1.81
2.17
-1.04
-1.17
-0.34
6.74
6.72
6.24
4.19
3.72
14.70
7.03
1
2
3
4
5
380.64
361.73
2108.83
426.01
3
1
2
2
107.75
2040.95
1633.64
35.11
7.23
5
4
3
2
2
20.89
13.33
24.03
17.07
22.87
15.72
10.66
14.76
-3.47 -2.17
-2.04 -0.75
-2.71
-4.43
399.40
203.68
2411.22
368.54
1890.79
3
2.70
30.04
-0.36
-0.56
-2.51
-1.22
0.54
0.51
0.89
-0.33
-1.94
-1.04
-1.17
-1.37
-2.51
-3.22
1
2
3
4
5
6.81
8.15
7.74
7.62
-1.42
6.83
4.36
3.10
1.25
8.68
7.83
8.02
20.09
16.89
14.57
16.54
14.12
7.73
-0.59
-0.74
0.58
0.23
12.69
-0.71
-1.80
-1.88
-2.34
1
2
3
4
5
2.40
1.89
34.37
28.21
6.23
8.21
15.99
1.92
3.94
6.84
3.54
49.07
33.17
36.06
35.71
31.83
6.45
9.49
8.77
7.78
1.17
10.89
10.60
6.93
6.77
6.52
12.86
12.08
1
2
3
4
5
35.27 18.42
31.97 15.83
13.98
16.68
13.75
14.31
13.66
33.46
27.84
32.13
39.94
34.90
11.38
13.75
17.08
18.61
Russell 1000 Growth TR USD
US Large-Cap Growth Equity
1.95
1.29
11.11
7.74
Franklin Innovation A(acc)USD
Wells Fargo (Lux) WF USLrgCpGr AUSD Acc
BNP Paribas US Growth Classic C
iShares NASDAQ 100 ETF
ChinaAMC NASDAQ 100 ETF
4.54
3.87
2.87
2.50
2.50
13.43
13.04
12.05
11.01
10.98
19.23
13.73
1
2
3
4
5
18.53
18.77
19.12
18.08
17.99
36.11 24.60
33.29 21.73
41.18
34.68
36.87
38.19
37.98
22.69
21.87
27.17
27.11
Russell 1000 Value TR USD
US Large-Cap Value Equity
-1.65 0.86
-1.66 0.00
Invesco US Structured Equity A USD Acc
Legg Mason CB Tact Div Inc A USD Acc
MFS Meridian US Value A1 USD
JPM US Value A (dist) USD
Amundi Fds Pio US Eq Rsrch Val A2USDADD
0.26
-0.49
-1.83
-1.24
-2.13
5.47
3.71
2.82
0.69
0.33
1
2
3
4
5
6.58
6.16
34.31 11.45
32.55 10.35
14.08
10.02
8.96
7.96
6.32
27.87
25.74
28.48
34.51
32.24
6.69
10.08
10.79
11.25
38.74
43.44
2495.72
5519.60
826.75
2
2
3
3
Russell Mid Cap TR USD
US Mid-Cap Equity
0.51
0.38
3.60
1.14
BNP Paribas US Mid Cap Classic R
T. Rowe Price US Smlr Cm Eq A USD
Wells Fargo (Lux) WF US Sel Eq AUSD Acc
Schroder ISF US S&M-Cap Eq A Acc USD
BGF US Small & MidCap Opps A2
1.43
1.35
0.17
0.40
-0.59
3.68
1.57
0.45
-0.76
-1.74
145.59
3522.33
216.52
1319.97
328.54
2
5
1
2
2
8.60
556.56
752.74
275.85
380.13
5
4
4
2
8.85 40.88 15.58
2.98 39.80 14.60
1
2
3
4
5
8.80
2.29
7.82
0.69
4.01
34.74
37.30
62.56
35.30
44.82
9.81
18.37
12.10
10.42
10.75
5
3
4
Russell 2000 TR USD
US Small-Cap Equity
1.44 -3.29
0.64 -1.04
Wells Fargo (Lux) WF Sm Cp In I USD Acc
AS SICAV I NA SmComs I Acc USD
Neuberger Berman US Sm Cap USD A Acc
Janus Henderson US Venture A2 USD
Schroder ISF US Smaller Coms A Acc USD
8.02
2.32
-0.14
3.09
1.77
7.59
6.99
3.95
3.66
-2.02
-3.27 45.31 10.75
-1.09 44.78 13.21
1
2
3
4
5
4.80
7.62
1.83
1.89
-2.17
42.09
48.32
33.03
35.14
39.84
16.74
13.52
11.91
9.95
Vietnam Equity
8.23
3.60 19.40
5.73 19.17
5.99
4.84
0.18
2.62
0.09
1.39
0.14
US Small-Cap Equity
5.43 23.02 13.60
7.36 28.50 13.43
1
0.21
-0.07
US Mid-Cap Equity
22.12 14.85
16.38 12.24
11.04
12.98
16.36
10.86
15.58
State Street US ESG Scrn Idx Eq A HKD
Haitong US Equity Investment A USD
PineBridge US Large Cap Research Enhnd Y
Manulife GF US Eq AA Shrs
Xtrackers MSCI USA Swap ETF 1C
US Large-Cap Value Equity
-0.25 45.01 -8.94
1.89 45.47 -5.95
1
2
3
4
Russell 1000 TR USD
US Large-Cap Blend Equity
US Large-Cap Growth Equity
11.47 31.79 14.96
9.99 34.24 17.26
217.81 2
11.65
258.30
131.26
1571.96
1866.84
1
1
2
4
4
Sector Equity Natural Resources
23.51
1671.47
127.19
287.62
110.00
Sector Equity Precious Metals
Fund: Aberdeen Standard SICAV I - Japanese
Smaller Companies Fund A Acc JPY
Category: Japan Small/Mid-Cap Equity
4
5
5
3
3
Vietnam VN Index
Vietnam Equity
JPMorgan Vietnam Opportunities USD
Amundi Vietnam Opportunities
Xtrackers FTSE Vietnam Swap ETF 1C
Premia MSCI Vietnam ETF
-1.48
-0.04
0.05
5.55
1.26
-0.79
-0.79
-0.79
4.75
1.31
0.31
-0.49
15.71
26.30
1
2
3
4
52.76 11.24
76.81 15.08
22.32
14.86
18.41
14.04
66.16
52.88
54.86
42.80
12.69
11.19
10.33
-1.24
-2.85
9.19
7.49
9.24
8.23
4.03
1.59
0.33
3.51
3.07
7.85
19.40
11.23
19.58
13.65
6.14
11.36
9.43
6.44
5.53
424.49 4
29.43 3
440.17 2
28.61
Asia Allocation
Morningstar Asia 50/50 NR USD
Asia Allocation
0.16 -2.68
-0.31 -3.81
BOCHK All Weather Asia Pac Hi Inc A1 USD
Value Partners Asian Inc A HKD Acc
First Sentier Asian Bridge Fund I USD
Momentum GF Harmony Asian Growth A
Momentum GF Harmony Asian Balanced A
-0.58
0.95
0.03
0.88
0.66
1.65
-0.36
-0.49
-0.68
-0.74
1
2
3
4
5
14.18
348.49
426.07
60.49
27.38
Fund: JPMorgan Funds - Japan Equity Fund J
(dist) - USD
Category: Japan Large-Cap Equity
BGF Global Multi-Asset Inc A2 CHF H
BGF Global Allocation A CHF Hedged
Fund: BNP Paribas Funds US Growth Classic
Capitalisation
Category: US Large-Cap Growth Equity
8.28
-1.70
-1.27
-1.53
-1.92
-2.69
-3.67
5.26 10.46
1
2
3.05
2.83
7.62
12.61
7.16
5.92
10.45
7295.33 2
18768.46 3
Fund: T. Rowe Price Funds SICAV - Frontier
Markets Equity Fund A USD
Category: Global Frontier Markets Equity
20
18
21
21
17
15
17
15
17
18
14
12
14
12
13
15
11
9
11
9
9
12
8
Aug 31, 2021
Fund: JPMorgan Vietnam Opportunities (acc)
- USD
Category: Vietnam Equity
8 Jan 31, 2019
Aug 31, 2021
Fund: AB - RMB Income Plus Portfolio AT Inc
Category: China Bond
6 Jan 31, 2019
Aug 31, 2021
Fund: Schroder International Selection Fund
Emerging Europe A Accumulation EUR
Category: Emerging Europe Equity
5 Jan 31, 2019
Aug 31, 2021
Fund: Schroder International Selection Fund
Middle East A Accumulation USD
Category: Africa & Middle East Equity
9 Jan 31, 2020
Aug 31, 2021
5 Jan 31, 2020
Fund: Pictet-Russian Equities P EUR
Category: Russia Equity
12
17
15
16
25
15
11
14
13
14
20
12
10
11
11
12
15
9
9
8
9
10
10
6 Jan 31, 2019
Aug 31, 2021
8 Jan 31, 2019
Aug 31, 2021
5 Jan 31, 2019
Aug 31, 2021
7 Jan 31, 2019
Aug 31, 2021
8 Jan 31, 2020
Aug 31, 2021
Aug 31, 2021
Fund: Aberdeen Standard SICAV II-European
Smaller Companies Fund A Acc EUR
Category: Europe Small-Cap Equity
18
Source: Morningstar Asia
3
4
5
3
2
CHF Moderate Allocation
Cat 50%Citi SwissGBI&50%MSCI Wld
Free NR
CHF Moderate Allocation
18
6 Jan 31, 2019
5
2
1
2
US Flex-Cap Equity
Japan Small/Mid-Cap Equity
Fund: FSSA Japan Equity Fund Class I
(Accumulation) USD
Category: Japan Flex-Cap Equity
3
4
4
5
4
Trading - Leveraged/Inverse Equity
CSOP Hang Seng CHN Enp Idx Dly(-2x)Invs
CSOP Hang Seng TECH Dl (-2x) Invrs Prod
ChinaAMC Direxion NASDAQ-100 D(2x)Lvrgd
CSOP Hang Seng Idx Dly (-2x) Invs
Global X HS CHN Ent Idx Dly (-1x) Inv
All charts show growth per HK$10,000
Fund: Allianz Global Investors Fund - Allianz
India Equity I USD
Category: India Equity
3
3
3
4
4
Thailand Equity
Threadneedle UK Smaller Coms Rtl Inc
26.10 12.31
13.45 8.27
-1.37
-6.96
S&P Global Natural Resources TR USD -1.82 -5.22
Sector Equity Natural Resources
-0.96 -4.51
NCB China Res Opp A
Pictet-Timber P EUR
AS SICAV I WldResEq A USD Acc
Ninety One GSF Glb Ntrl Res C Inc USD
T. Rowe Price Glb Nat Res Eq A USD
419.06
779.32
363.01
97.85
5287.97
UK Large-Cap Equity
1695.79 5
81.78 3
347.97 3
Sector Equity Infrastructure
S&P Global Infrastructure TR USD
Sector Equity Infrastructure
-1.04
FTSE AllSh TR GBP
UK Equity Income
35.10 11.68
8.92
-1.35
26.42
20.33
18.82
17.35
18.60
UK Equity Income
-9.16 32.90 41.62
4.86 49.07 28.31
1
2
3
4
-17.52
-30.66
-30.21
-20.49
-27.87
19.06 40.24 28.36
-1.33 -1.04
-1.49 -2.35
Xtrackers MSCI Thailand ETF 2C
Allianz Thailand Equity A USD
HSBC GIF Thai Equity AD
JPMorgan Thailand (acc) - USD
Fidelity Thailand A-Dis-USD
16.36 47.05 17.73
15.28 40.66 16.80
NASDAQ Biotechnology TR USD
Sector Equity Biotechnology
370.07 3
5
5
3
4
5
12.50
12.25
10.52
9.82
9.65
Value Partners Taiwan A
Property - Indirect Other
Janus Henderson HrznPanEurpPtyEqs A2HUSD
AXAWF Fram Eurp Rl Est Secs A Cap USD H
Neuberger Bm US Rel Est Sec EUR A Acc
BGF World Real Estate Securities A8 CNHH
Schroder ISF Global Cities A Acc EUR H
-7.13
-5.86
-7.69
-3.28
-7.64
Taiwan Small/Mid-Cap Equity
Property - Indirect North America
Fidelity Global Industrials A-Dis-EUR
351.86
4620.53
786.87
450.02
477.92
4.20
5.76
4.78
4.37
2.76
MSCI Taiwan NR USD
Taiwan Small/Mid-Cap Equity
Sector Equity Industrial Materials
5
5
3
4
3
BNP Paribas Disrpt Tech Cl C
Franklin Technology A Acc USD
T. Rowe Price Glb Tech Eq A USD
Janus Henderson Glb Tech&Inno A2 USD
Allianz Global HiTech Growth A USD
Property - Indirect Global
MSCI World/Materials NR USD
Sector Equity Industrial Materials
489.78
331.78
19.93
76.81
4.09
3.37
Fidelity Switzerland A-Dis-CHF
20.45
-0.08
-1.51
-1.32
-0.40
-0.17
-6.56 -22.37 20.48
1
2
3
4
5
2.51 11.74
MSCI Switzerland NR CHF
Switzerland Equity
13.72
Neuberger Berman Glb RE Secs USD A Acc
Janus Henderson Hrzn GlblPtyEqsA2USD
Franklin Global Real Estate A(Qdis)USD
Schroder ISF Global Cities A Acc USD
Janus Henderson Glb Rl EstEqIncClA3qUSD
3-yr
Star
rtrn Fund size Rtg
Switzerland Equity
Sector Equity Healthcare
41.93
280.99
90.51
27.23
102.36
2.45
Fidelity Iberia A-Dis-EUR
Sector Equity Financial Services
-1.16
0.48
-1.86
-0.99
-4.27
MSCI World/Information Tech NR
USD
Sector Equity Technology
BME IBEX 35 NR EUR
Spain Equity
1
-1.45 -0.32
-1.08 0.57
-3.49 -13.65
-2.78 -14.21
-0.77 -14.92
-1.31 -15.44
-5.54 -16.48
462.34 1
2.01
4
4
4
3
3
19.95
16.96
-0.47
14.57
10.96
Franklin Gold & Prec Mtls A(acc)USD
Ninety One GSF Glb Gold A Inc USD
Schroder ISF Global Gold A Acc USD
Invesco Gold & Special Mirls A USD Acc
BGF World Gold A2
1-yr
rtrn
-6.69 -26.40 23.63
-2.53 -15.05
Fidelity Singapore A-Dis-USD
-4.22
FTSE EPRA Nareit Global TR USD
Property - Indirect Global
6-m
rtrn
-5.38 -16.07
MSCI Singapore NR SGD
Singapore Equity
4.73
4.94
3.90
-1.54
-2.35
-4.76
-5.30 -0.90
3-m 3-m
rtrn rk
Sector Equity Water
Property - Indirect Europe
FTSE EPRA Nareit Developed Europe
TR EUR
Property - Indirect Europe
EMIX Global Mining Global Gold TR
USD
Sector Equity Precious Metals
87.20
-0.39
1
2
3
4
5
1-m
rtrn
Singapore Equity
-0.50
2381.26
30.86
109.96
35.97
433.71
Japan Large-Cap Equity
TOPIX TR JPY
Japan Large-Cap Equity
5.10
6.76
8.20
1.48
1.56
10.21 42.90 24.46
1.89
9.00
5.30
1.66
Japan Flex-Cap Equity
TOPIX TR JPY
Japan Flex-Cap Equity
16.05
25.57
21.04
15.98
17.33
1.95
Ninety One GSF Glb Energy A Inc USD
Schroder ISF Global Energy A Acc USD
BGF World Energy A2
Franklin Natural Resources A(acc)USD
8.52 32.94 12.09
11.19 34.50 11.21
1
7.63
7.80
3.64
4.38
1.08
0.12
3
2
Italy Equity
-1.86 -1.49
-1.31 -0.16
3.87
4.11
12.35 38.00 18.29
2.95 -8.08
3.19 -6.40
13.60 0.15
19.56 -3.36
-13.10
6.77
58.74
114.57
259.16
1252.09
Sector Equity Energy
Islamic Equity - Other
Hang Seng Islamic China Idx A
23.03
18.62
2.30
MSCI World/Energy NR USD
Sector Equity Energy
51.42 13.36
52.15 12.05
-2.63
-2.87
-9.11
-5.56
-5.69
1
2
3
4
5
5.12
3.70
-0.51
2
4
Indonesia Equity
MSCI Indonesia NR IDR
Indonesia Equity
-3.82
-5.79
-7.99
-8.77
-8.94
1.62
38.23
104.31
17.32
7.73
India Equity
MSCI India NR USD
India Equity
13.91
8.56
9.34
16.11
16.33
-
Sector Equity Technology
-7.15 27.49 11.97
-3.64 27.47 10.03
1 759.37 1267.80
2 -4.59
24.31
3 -4.92
24.28
4
0.18
37.23
5 -0.05
36.38
Sector Equity Ecology
3
1.95 1.01
5.54 4.06
-4.10
-0.80
4.04
-6.05
-6.47
3
2
3
3
3
Sector Equity Biotechnology
4.58 11.07
4.88 15.64
1.06
3.19
-5.57
-11.08
-7.40
525.25
104.95
226.61
370.39
327.87
Sector Equity Consumer Goods & Services
6.56
6.06
-11.74
-11.63
8.18
2.54
4.34
4.27
8.71
20.95
16.51
25.59
14.57
25.80
Sector Equity Alternative Energy
7.94
8.01
6.81
7.44
7.76
5.52
5.14
9.37
8.52
6.75
3.37
4.07
Sector Equity Agriculture
13.37 29.79 20.40
10.81 28.14 17.24
1
2
3
4
5
4.73
5.34
Russia Equity
9.39 29.80 14.34
9.14 27.20 12.32
1
2
3
4
5
1
2
3
4
5
5.30 19.33
7.85 24.34
Latin America Equity
Neuberger Bm US Rel Est Sec USD A Acc
MS INVF US Property A
32.70 10.37
45.13 7.64
50.49
41.31
37.69
8.91
6.83
6.30
4.92
3.22
3-yr
Star
rtrn Fund size Rtg
Korea Equity
Janus Henderson Hrzn PanEurpPtyEqs
A2EUR
AXAWF Fram Eurp Rl Est Secs A Cap EUR
9.39 29.80 14.34
6.79 32.34 10.88
1
2
3
4
5
11.39
11.68
8.59
9.18
6.40
1-yr
rtrn
Property - Indirect Asia
34.75 12.57
43.22
40.56
6.29
7.23
6-m
rtrn
Pacific ex-Japan Equity
8.32 33.09 10.90
1
2
7.79
10.03
MSCI Korea NR USD
Korea Equity
State Street Pac Ex-Jpn ESGScrnIdxEqAHKD
1
2
3-m 3-m
rtrn rk
Nordic Small/Mid-Cap Equity
38.11 11.76
41.19 10.04
Germany Equity
FSE DAX TR EUR
Germany Equity
Fidelity Italy A-Dis-EUR
Europe ex-UK Equity
MSCI Europe Ex UK NR EUR
Europe ex-UK Equity
9.71
8.62
-2.49 -2.92
FTSE Italia AllShare TR EUR
Italy Equity
9.83 34.61 11.80
12.39 35.06 11.59
Europe Small-Cap Equity
MSCI Europe Small Cap NR EUR
Europe Small-Cap Equity
1
2
30.32
27.31
Hong Kong Equity
Europe Large-Cap Value Equity
MSCI Europe Value NR EUR
Europe Large-Cap Value Equity
0.77
-0.83
8.94
8.25
AS SICAV I Jpn SmlrComs A Acc JPY
Invesco Nippon Small/Md Cp Eq A JPY Acc
BGF Japan Small & MidCap Opps A2
Schroder ISF Jpn Smlr Coms A Acc JPY
Janus Henderson Hrzn Jpn Smr Coms A2 USD
MSCI EM Latin America NR USD
Latin America Equity
Greater China Equity
Europe Large-Cap Growth Equity
MSCI Europe Growth NR EUR
Europe Large-Cap Growth Equity
5
5
3
5
4
MSCI Japan Small Cap NR JPY
Japan Small/Mid-Cap Equity
Global Small/Mid-Cap Equity
Europe Large-Cap Blend Equity
MSCI Europe NR EUR
Europe Large-Cap Blend Equity
2498.67
2229.81
160.57
767.07
1441.37
Global Large-Cap Value Equity
Europe Flex-Cap Equity
MSCI Europe NR EUR
Europe Flex-Cap Equity
14.02
12.04
6.68
10.73
8.74
Global Large-Cap Growth Equity
15.30 42.30 11.73
14.11 42.03 11.54
-3.88 -4.46
-2.16 -2.39
0.57
-3.38
-1.91
-1.77
-2.58
30.33
31.43
20.03
24.62
33.76
1-m
rtrn
Fidelity Nordic A-Dis-SEK
MSCI ACWI NR USD
Global Large-Cap Blend Equity
Europe Equity Income
MSCI Europe High Div Yld NR EUR
Europe Equity Income
17.42
14.82
10.72
10.53
11.69
Global Frontier Markets Equity
Emerging Europe Equity
MSCI EM Europe NR EUR
Emerging Europe Equity
1
2
3
4
5
9.48
8.42
Global Flex-Cap Equity
China Equity - A Shares
MSCI China A Onshore NR CNY
China Equity - A Shares
4.64
1.72
0.83
0.61
0.44
-0.87 -3.25
MSCI ACWI NR USD
Global Flex-Cap Equity
6.07 9.53
18.37 10.58
5.35 14.48
3.76 10.01
-2.80 -14.70
-3.92 -12.00
30.45 1
664.12 2
2021.59 3
France Small/Mid-Cap Equity
MSCI World High Dividend Yield NR
USD
Global Equity Income
China Equity
MSCI China NR USD
China Equity
7.81
14.46
11.66
Global Large-Cap Blend Equity
-6.68 -16.04
-5.76 -16.24
JPM Brazil Equity A (acc) USD
BNP Paribas Brazil Equity C C
HSBC GIF Brazil Equity AD
38.64
46.08
29.18
9.35 28.14
10.06 24.76
-0.37 -0.54
0.03 3.16
H&A Small Cap Equity EMU B
Brazil Equity
MSCI Brazil NR USD
Brazil Equity
19.86
9.37
10.62
Global Emerging Markets Small/Mid-Cap Equity
BRIC Equity
MSCI BRIC NR USD
BRIC Equity
1
2
3
Global Emerging Markets Equity
3.98 28.70 9.50
7.18 33.83 10.08
1
2
3
4
68.29 3
47.76 4
Global Equity Income
17.90
16.88
21.81
21.81
24.00
0.91
-1.06
MSCI EMU Small Cap NR EUR
Eurozone Small-Cap Equity
Australia & New Zealand Equity
MSCI Australia NR USD
Australia & New Zealand Equity
8.74
11.69
11.08 37.44 13.78
13.20 39.36 15.19
-0.85 -0.53
-0.89 -1.26
Fidelity France A-Dis-EUR
15.35 10.16
20.25 10.62
-2.37
-14.35
3.94
3.52
-3.73
-3.59
7.20
0.62
0.12
-1.32 -1.61
-1.35 -0.93
Asia-Pacific ex-Japan Equity Income
MSCI AC Asia Pacific ex Japan HDY NR
-1.74 -4.75
USD
Asia-Pacific ex-Japan Equity Income -0.49 -5.02
1.11
2.60
MSCI EMU NR EUR
Eurozone Large-Cap Equity
Euronext Paris CAC Mid&Small NR
EUR
France Small/Mid-Cap Equity
Asia-Pacific ex-Japan Equity
MSCI AC Asia Pac Ex JPN NR USD
Asia-Pacific ex-Japan Equity
23.74
21.89
Eurozone Small-Cap Equity
Asia-Pacific Equity
MSCI AC Asia Pacific NR USD
Asia-Pacific Equity
1.92
-0.92
-1.02
HSBC GIF Euroland Eq Smlr Coms AD
BNY Mellon Small Cap Euroland USD A Acc
Asia ex-Japan Small/Mid-Cap Equity
MSCI AC Asia Ex JPN Small NR USD
Asia ex-Japan Small/Mid-Cap Equity
11.29
12.67
3-yr
Star
rtrn Fund size Rtg
Eurozone Mid-Cap Equity
25.89 4.26
15.31 -0.06
Asia ex-Japan Equity
MSCI AC Asia Ex Japan NR USD
Asia ex-Japan Equity
4
5
1-yr
rtrn
Eurozone Large-Cap Equity
Africa Equity
S&P Pan Africa TR
Africa Equity
0.73
-0.09
6-m
rtrn
Europe ex-UK Small/Mid-Cap Equity
Africa & Middle East Equity
S&P Mid-East and Africa BMI TR USD
Africa & Middle East Equity
-0.12
-1.88
3-m 3-m
rtrn rk
5 Jan 31, 2019
Aug 31, 2021
SCMP
Monday, September 20, 2021
B9
INVESTMENT FUNDS
1-m
rtrn
3-m 3-m
rtrn rk
6-m
rtrn
1-yr
rtrn
3-yr
Star
rtrn Fund size Rtg
1-m
rtrn
EUR Aggressive Allocation - Global
Morningstar EU Agg Gbl Tgt Alloc NR
EUR
EUR Aggressive Allocation - Global
MFS Meridian Prudent Wealth WH1 EUR
HSBC Portfolios World Sel 5 ACHEUR
HSBC Portfolios World Sel 4 ACHEUR
Capital Group CapIncBldr (LUX) Zdh-EUR
Amundi HK Growth Classic EUR H Inc
-0.16
7.54
24.16 11.35
-0.32 -0.04
6.19
19.70
8.15
3.93
5.85
5.10
3.23
-1.70
8.12
21.83
19.87
15.41
8.13
8.28
7.65
-1.30
-2.03
-2.29
-3.51
-6.00
1
2
3
4
5
Refinitiv Global Hgd CB TR EUR
Convertible Bond - Global EUR
Hedged
5311.01 4
400.47 3
871.50 2
323.26
64.36
Franklin Glbl Convert Secs A(acc)EUR-H1
BNP Paribas Glbl Cnvrt Cl RH EUR C
Amundi Fds Global Cnvrt Bd A2 EUR C
MS INVF Global Convertible Bond CH EUR
Jupiter Global Convert I EUR Acc
EUR Cautious Allocation
Morningstar EU Cau Tgt Alloc NR EUR
EUR Cautious Allocation
Invesco Pan European Hi Inc A EUR QD
-0.92 -1.85
-0.57 -1.74
0.24
-1.71
1
HSBC GIF US Income Focused AM3H EUR
JPMorgan Multi Balanced (mth) - EUR Hdg
HSBC Portfolios World Sel 1 AMHEUR
Amundi HK Defensive Bal Cl EUR H Dis
Ninety One GSF Glb MA Inc A Inc-3 EURH
1.14
1.74
3.90
5.77
4.55
3.02
2.78
8.62
5.03
1.41
3.94
4.73
-0.37 -1.63
1.89
6.39
3.39
6.00
2.61
0.65
-1.32
-1.95
17.42
5.17
2.36
3.91
3.02
-0.81
-2.00
-2.57
-4.01
-4.28
1
2
3
4
5
9279.84 5
416.56
322.24 3
475.44 2
213.41
2117.71
1.99
EUR Flexible Allocation
Morningstar EU Mod Tgt Alloc NR EUR -0.97 -1.10
EUR Flexible Allocation
-0.94 -1.54
BNP Europe Mult-Asst Inc Cl MD D
Allianz Europe Income and Gr AMg EUR
-1.05
-1.08
-2.37
-3.60
4.52
4.44
1
2
3.59
2.17
Allianz Selection Income & Gr AM H2-EUR
AB Dynamic Diversified A EUR H Acc
Schroder ISF Glbl Trgt Ret A Dis € H M
BGF Dynamic High Income A6 EUR H
-0.39 -0.34
4.39
-0.43 -1.02
0.95
-0.50
0.51
-0.29
1.02
-1.01
-1.85
-1.97
1
2
3
4
13.52
13.26
7.48
4.55
10.67
184.29
132.58 3
3.04
Momentum GF Harmony Europe Diversified A
UBS (Lux) KSS Eur GrInc € P-acc
Fidelity European Multi Asset Inc A-Dis€
HSBC Euro Multi-Asset Income AM-EUR
-0.17
0.16
-0.68
-1.52
0.01
-0.76
-1.26
-3.90
1
2
3
4
Janus Henderson Balanced A2 HEUR
BGF ESG Multi-Asset A2 EUR
Allianz Income and Growth AM H2 EUR
Capital Group Glob Alloc (LUX) Bdh-EUR
AB All Mkt Inc Ptf AD EUR H Inc
3.91
13.21
4.70
5.60
2.22
3.88
15.75
16.97
10.14
14.61
4.97
358.35
45.32 3
255.24 3
3578.55 3
5.90
5.03
5.30
4.52
3.88
13.52
12.03
7.48
4.95
7.21
5.22
3.60
0.55
18.22
14.94
11.03
8.18
5.75
6.37
4.26
3.05
-0.39 -0.34
4.39
13.65
8.12
-0.39
-1.01
3.83
12.36
5.54
-0.45
0.45
1.95
0.05
-0.04
1.65
1.36
0.76
-0.53
-1.28
8.17
5.79
4.57
5.59
4.19
16.45
14.28
19.79
13.15
10.51
10.00
9.72
10.79
8.17
2.54
1
2
3
4
5
-0.77 -0.21
4.37
-0.43 -0.38
Allianz Selection Income & Gr AM H2-GBP
Manulife GF Glb MA Dvrs Inc AA GBPH MD G
BGF Dynamic High Income A6 GBP H
Allianz Europe Income and Gr AM H2 GBP
0.54
-0.43
-0.72
-1.50
1.90
-0.95
-1.39
-2.79
1
2
3
4
Allianz Income and Growth AM H2 GBP
Momentum GF Harmony Sterling Balanced A
UBS (Lux) KSS Eur GrInc € GBP H P-8%-md
St James's Strategic Managed Inc
AB All Mkt Inc Ptf AD GBP H Inc
25.15
773.79
672.30
86.11
3
4
4
2
-0.74
4.96
20.17
5.71
4.70
4.40
2.76
24.65
21.42
22.53
18.58
0.53
0.42
BNP Paribas Glbl Cnvrt Cl C
MS INVF Global Convertible Bond A USD
Jupiter Global Convert I USD Acc HSC
1.12
1.37
-0.40
0.86
0.00
-0.85
HSBC GIF US Income Focused AM3H GBP
HSBC Portfolios World Sel 1 AMHGBP
Amundi HK Defensive Bal Cl GBP H Dis
Ninety One GSF Glb MA Inc A Inc-3 GBPH
Bloomberg Euro Corp TR EUR
EUR Corporate Bond
17.18 8.40
19.07
7.53
5.05
6.62
6.07
4.88
4.79
28.27
22.95
24.48
21.69
18.42
13.13
5.50
8.46
5.91
4.64
-0.99 -0.74
2.83
12.13
7.12
-0.67 -1.04
2.89
12.99
5.78
6.58
1.20
-0.87
-1.39
25.81
9.84
10.31
9.36
5.40
6.05
-0.08
-1.84
-3.38
-3.59
1
2
3
4
358.35
448.86
3578.55 2
132.58 2
Janus Henderson Hrzn Euro Corp Bd A2 EUR
Invesco Euro Corporate Bond A EUR Acc
Janus Henderson Hrzn Euro Corp Bd A3 EUR
Amundi Fds Euro Corp Bd A2 EUR C
Fidelity Euro Corporate Bond A-Acc-EUR
0.32 -3.10
Capital Group EM Tot Opp (LUX) B
GS EM Mlt-Asst Base USD (Grs MDist)
AB Em Mkts Mlt-Asst A Acc
HSBC GIF Global Em Mkts MA Inc AM2
JPM Total Emerging Mkts Inc A (mth) USD
1.08
0.83
1.56
0.48
0.29
-0.35 14.44
1
2
3
4
5
2.95
0.40
-0.31
0.68
-0.17
5
2
3
3
1
-1.67 -7.66
-2.92 -7.13
CMS China Opportunities Flexifund A
HSBC China Multi-Asset Income Bal AMUSD
Everbright Greater China Opps I
Da Cheng China Balanced A (HKD)
Schroder China Asset Inc HKD A Acc
1.19
1.43
1.79
-2.21
-2.77
2.13
0.24
-1.52
-3.07
-4.20
416.56
475.44 1
213.41 2
2117.71
1.99
1.41
0.03
0.02
1.42
4.08
3.13
2.84
1.67
1.08
1
2
3
4
5
-0.07
1.35
1.06
0.62
-0.34
-0.02
0.01
3.73
2.49
1.75
1.21
0.94
1
2
3
4
5
1131.73
19.08
1111.02
98.50
390.02
4
4
4
3
4
-4.06
1.24
7.80
8.94
1.39
2.94
-2.21
1.38
-3.00
4.62
14.58
-2.41
13.63
7.03
2.26
11.64
-0.50
17.26
12.02
0.00
0.79
HSBC GIF US Income Focused AM2 HKD
Fidelity GIF - Age 65 Plus A
Invesco Pooled Inv-Age 65 Plus A HKD
BEA Union Inv Age 65 Plus I HKD Acc
JPMorgan Multi Balanced (mth) - USD
0.28
-0.21
-0.36
-0.42
-0.01
2.42
1.37
1.32
1.20
1.14
8.54
7.36
7.09
6.17
5.90
26.17
16.56
11.54
15.77
19.94
16.30
25.66
13.44
420.13
773.92
358.35
4221.60
1695.65
773.79
255.24
10.04
8.07
10.07
Fidelity Euro Short Term Bond A-Acc-EUR
Schroder ISF EURO S/T Bd A Acc EUR
BGF Euro Short Duration Bond A2 EUR
2.33 -0.97
6.34
18.48
5.64
7.91
5.34
7.71
6.91
32.31
23.43
9.40
24.37
22.35
8.76
228.75
224.35
5311.01
400.47
871.50
8.45
9.22
10.60
9.95
3.15
7.58
5.19
7.71
3.01
3.09
2.83
4.20
19.42
4.26
4.74
4.63
6.78
6.73
7.18
6.94
5.38
Allianz Selection Income & Gr AM USD
AB Dynamic Diversified AX Acc
JPMorgan Evergreen
Pictet Strategic Income P dm USD
Manulife GF Glb MA Dvrs Inc AA USD MD G
0.09
1.73
1.31
-0.21
0.50
1.17
0.27
4.27
2.22
1.60
1.60
1.51
1.44
1
2
3
4
5
3
4
4
3
416.56
81.90
229.38
99.55
322.24
4
5
4
3
0.01
1.07
Janus Henderson Balanced A2 USD
Foundation Global Inc and Gr A USD Inc
BGF ESG Multi-Asset C2 USD H
AS SICAV I Dvrs Inc A MInc USD
Allianz Income and Growth AT USD
-0.17
0.07
0.59
0.28
1.72
4.92
4.39
4.24
3.63
3.50
2.33 -0.97
0.91 10.70
5.41
14.15
6.67
6.37
7.35
6.04
4.92
5.84
17.81
18.99
19.60
19.66
15.46
7.92
10.43
10.02
1.44
358.35
45.32 3
54.77 4
299.11 4
448.86
0.15
0.19
Fidelity Asian Bond A-Acc-USD
PineBridge FS - Asian Bond (Prov)
ChinaAMC Asia USD Investment Grd Bd ETF
First Sentier Asian Quality Bd I USD Acc
BEA Union Inv Asia Pacific Inv Grd Bd A
1.31
0.64
0.50
0.92
0.50
2.59
2.20
1.86
1.68
1.42
1
2
3
4
5
1.04 -0.63
0.72 -1.22
BU APAC Bond I USD Acc
Legg Mason WA Asian Opps A USD Acc
Templeton Asian Bond A(acc)USD
ABF Pan Asia Bond Index
Schroder ISF Asian LclCcy Bd A Acc USD
0.38
0.57
0.75
0.79
0.75
1.35
-0.56
-0.74
-0.81
-1.13
1
2
3
4
5
9.88
4.29
6.60
8.67
5.65
18.23
7.38
14.21
15.03
21.04
11.94
9.81
6.05
12.63
1.10
2.19
5.80
2.01
2.87
2.65
1.81
2.57
2.26
3.68
1.58
1.70
2.39
7.29
8.94
6.41
5.72
7.42
7370.31
65.88
4221.60
232.76
38166.28
5
4
3
5
3109.76
130.44
231.31
1872.02
118.13
4
5
3
3
5
1.85
0.83
2.70 6.35
2.73 4.94
2.34
1.36
0.00
1.57
1.18
2.14
1.64
-1.14
1.77
1.79
5.96
0.40
5.51
6.19
39.13
568.69
218.00
3730.66
677.86
-1.75 -3.96
Income Partners Asian Hi Inc Bd 2B Acc
Foundation China High Yld Inc A USD Acc
E Fund (HK) Select Asia HY Bd I USD Acc
Fidelity APAC Strat Inc A-Acc-USD
Avenue Asian High Yield Bond A HKD Inc
3.08
0.69
-0.62
-0.36
-0.18
7.45
0.04
-0.42
-0.72
-0.81
-3.41
1
2
3
4
5
5.32
-0.62
0.90
1.66
0.78
-0.36
Fidelity FAP-RMB Bond S
JPM China Bond Opportunities A(mth) HKD
AB RMB Income Plus AT Inc
BGF China Bond C3 USD
Hang Seng RMB Bond A Inc Cash
2.46
4.48
4.28
4.21
7.92
7.68
0.70 -0.19
2.36
8.36
6.43
0.22
4.98
7.37
14.18
5.82
0.84
0.35
0.28
-1.57
0.48
0.20
0.00
-0.03
-0.03
-0.51
2.01
0.54
2.56
5.23
2.00
6.38
4.20
8.65
13.57
8.55
4.92
1
2
3
4
5
5.73
4.01
5.16
1.83 1.52
0.95 -0.25
Franklin Glbl Convert Secs A(acc)USD
1.69
2.99
0.00
16.99
372.00 5
105.84 5
2.77
20.80
17.16
-1.19 -2.90
Jupiter Global Convert L CHF Acc HSC
-1.45
-3.48
-0.44
1
-1.28
11.81
11.23
6.86
1251.66 4
609.05 4
520.84 3
8.51 8.04
9.51
5.46
JPM EMBI Global Diversified Hedge
TR EUR
Global Emerging Markets Bond - EUR
Biased
Fidelity Emerging Mkt Dbt A-Acc-EUR Hdg
Allianz Emerging Markets SRI Bd I H2 EUR
Jupiter Emerging Market Debt L EUR H Acc
Capital Group EM Debt (LUX) A4h-EUR
Invesco Emerging Markets Bond A EURH Acc
1.47
1.58
3.27
2.78
1.45
0.39
-0.15
-0.13
-0.99
3.98
2.18
2.34
2.33
0.59
3.55
3.73
3.55
4.03
-1.06
-0.96
-0.61
-0.01
3.60
2.35
-1.44
-0.65
-1.39
-1.43
-1.81
-0.55
0.28
-0.30
-1.05
-1.57
4.36
3.97
3.75
3.27
3.17
1
2
3
4
5
-1.94
-1.96
-2.45
-2.55
-2.65
1
2
3
4
5
-3.03
-3.12
-3.24
-1.20
-1.10
1
2
3
-2.39
2727.71
2211.07
2727.71
1335.20
902.86
4
4
4
4
1668.70
134.01
1923.22
1283.24
5087.09
5
3
5
4
4
-1.39
-1.22
-2.33
-2.56
-0.89
-0.92
-1.11
1.56
0.56
0.34
-1.06
-0.07
-0.61
2.57
3.60
2.67
-0.52
2.48
3.53
-1.19
-1.38
-1.05
-1.22
3.97
3.03
-1.63
-1.89
-1.25
-1.09
4.08
4.28
1
2
0.24 -1.94
0.21 -2.01
AS SICAV I SelEuro HYBd A Acc EUR
BGF European High Yield Bond A2 EUR
Legg Mason WA Euro Hi Yld A EUR Dis(D)
Allianz Euro High Yield Bond AM EUR
Amundi Fds Euro HY Bd A2 EUR C
0.82
0.49
0.59
0.57
0.30
-1.51
-1.72
-1.85
-1.95
-1.98
1
2
3
4
5
0.21
0.20
-2.59
-2.61
1
2
2650.71 4
1.63
0.83
0.65
0.38
1.11
1.75
1.42
1.38
0.58
0.48
1
2
3
4
5
Bloomberg Sterling Agg TR GBP
GBP Diversified Bond
-2.23 -0.92
-1.22 -1.09
Invesco UK Investment Grade Bd A GBP QD
BOCHK Sterling Income A
-1.17
-0.74
-0.24
-2.58
1
2
1575.79 4
132.37 3
1.55
1.30
7.71
7.29
5.04
3.56
1.51
2.13
1.07
1.16
1.17
8.41
9.24
6.33
5.61
6.39
4.04
5.76
3.20
3.95
3.62
1004.12
429.27
58.42
333.61
1078.00
3
5
3
3
3
-1.41
-1.19
-1.14 -0.01
-0.53 0.43
-0.84
-0.91
-0.33
-0.44
3.02
2.01
0.92
3.59
2.49
3.74
2.98
9.03
0.15
0.13
430.92
1344.56 2
1.46
1.44
3.11
6.58
6.21
5.91
2.23
-1.18
5.59
5.44
6.57
2.16
4.37
3.80
1.36
1.38
9.92
8.57
1
6.92
3.74
Bloomberg Global Aggregate TR USD
Global Bond
E Fund (HK) HK Select Bond I USD Acc
Everbright Income Focus I USD
Invesco Pooled Inv-Glbl Strat Bd B HKD
Hang Seng Global Bond A Acc
Allianz Choice Global Fixed Income Ord A
-0.46 0.01
-0.31 -0.87
1.24
0.48
0.15
0.51
4.56
3.74
0.96
0.58
-0.58
-0.11
-0.45
1.61
0.92
0.81
0.56
0.07
1
2
3
4
5
2.27
2.19
1.13
1.07
1.03
5.00
4.94
-2.02
-0.61
0.01
7.20
6.56
4.90
3.44
4.56
Bloomberg Global Aggregate TR Hdg
CHF
Global Bond - CHF Hedged
Allianz Green Bond AT H2 CHF
Capital Group Glob Bond (LUX) Ch-CHF
BGF World Bond D2 CHF Hedged
PIMCO GIS Glb Bd E CHF Hedged Acc
-1.93 -1.95
1.34
-2.77
4.30
-1.79
-2.17
1.08
-1.88
3.80
-1.57
-1.73
-1.71
-1.81
-1.68
-2.04
-2.23
-2.48
1.29
1.24
1.28
0.36
-1.28
-2.14
-1.33
-2.42
1
2
3
4
Allianz Green Bond IT EUR
Capital Group Glob Bond (LUX) Cdh-EUR
AB Glbl Pls Fxd Inc AT EUR H Acc
BGF Global Government Bond A2 EUR Hedged
BGF World Bond A2 EUR Hedged
-0.60 -1.95
81.77 3
2.15 1
234.51 1
-0.48 -2.61
-0.38
-0.42
-0.45
-0.76
-0.40
-1.77
-1.97
-2.00
-2.18
-2.31
-1.17
3.34
-0.44
-0.69
2.58
0.27
0.31
0.46
-0.33
0.07
0.61
-0.62
-0.31
-1.71
-0.17
4.12
4.21
2.53
3.19
3.46
1
2
3
4
5
5
87.58 5
375.29 4
5.95 4
4
PIMCO GIS Glb Bd E GBP Hedged Inc
Allianz Green Bond PT H2 GBP
AB Glbl Pls Fxd Inc AT GBP H Inc
BGF Global Government Bond A3 GBP Hedged
BGF World Bond A2 GBP Hedged
-0.98
-1.23
0.83
5.94
5.83
-0.82
-1.73
0.48
6.42
5.34
0.12
-0.81
-0.85
-1.18
-0.81
4.43
-1.08
-1.28
-1.51
-1.59
-0.84
0.75
1.01
0.11
0.55
4.81
7.72
6.90
5.27
6.92
1
2
3
4
5
4
5
4
3
PIMCO GIS Glb Bd Instl ILSH Acc
0.34
1.64
0.34
1.64
1
1052.08
758.47
1018.93
779.65
1365.25
4
4
3
3
3
0.80 14660.90
1052.08
4.83
1018.93 2
5.66
779.65 3
5.84
1365.25 3
3.77
7.57
3.77
7.57
5.77
7.96 14660.90 5
1.87 -1.87
-0.16
4.48
2.78
1.92 -2.24
-0.48
5.13
2.47
PIMCO GIS Glb Bd Instl NOKH Acc
2.00
-0.71
5.70
3.04 14660.90 4
1
-0.32
1.18
1.79
0.24
4.84
0.95
2.32
4.81
1.57
1.51
0.04
5.20
4.25
5.80
0.97
-0.82
1
2
Bloomberg Global Aggregate TR Hdg
USD
Global Bond - USD Hedged
-0.32
1.18
1.79
0.24
4.84
-0.14
0.53
1.19
0.83
4.20
PineBridge Global Bond Y
HSBC Global Govt Bd Idx HCH
T. Rowe Price Divers Inc Bd A USD
AB Glbl Pls Fxd Inc AT USD Inc
HSBC Global Aggregate Bd Idx HCHKD(HUSD)
0.00
-0.32
0.40
-0.19
-0.33
1.95
1.22
1.13
1.13
1.12
3.28
1.46
2.46
2.01
1.66
2.80
-1.07
5.31
1.16
-0.07
4.82
1
2
3
4
5
657.80 3
-0.12
-0.11
0.67
0.36
PIMCO GIS GlInGd Crdt M Retl HKD UnH Inc
Allianz Global Credit SRI WT USD
Legg Mason WA Sh Dur BlChpBd A USD Acc
-0.24
0.23
-0.02
1.12
0.83
0.18
3.20
2.46
1
2
3
2.63
3.41
0.42
Bloomberg Gbl Agg Corp TR Hdg CHF
Global Corporate Bond - CHF Hedged
-1.59 -1.40
-1.58 -1.61
Allianz Global Credit SRI RT (H-CHF)
Capital Group GlobCorpBd (LUX) Zh-CHF
PIMCO GIS GlInGd Crdt E CHFH Acc
-0.66
-1.45
-1.85
-0.76
-1.52
-1.98
1
2
3
Bloomberg Gbl Agg Corp 0901 TR Hdg
-0.25 -1.40
EUR
Global Corporate Bond - EUR Hedged -0.22 -1.78
Allianz Global Credit SRI IT (H2-EUR)
Capital Group GlobCorpBd (LUX) A11h-EUR
Janus Henderson Glb Inv Grd Bd A3m HEUR
BGF Global Corporate Bond A4 EUR Hedged
Schroder ISF Glbl Corp Bd A Acc EUR Hdg
0.49
0.00
-0.23
-0.02
-0.07
-0.86
-1.38
-1.43
-1.61
-1.70
1
2
3
4
5
Bloomberg Gbl Agg Corp TR Hdg GBP
Global Corporate Bond - GBP Hedged
Capital Group GlobCorpBd (LUX) Ch-GBP
BGF Global Corporate Bond A3 GBP Hedged
Ninety One GSF InvGrdCorpBd A Inc2 GBP H
PIMCO GIS GlInGd Crdt E GBPH Inc
HSBC GIF Global Lower Carbon Bd ACHGBP
-0.64 -0.68
-0.59 -1.05
-0.35
-0.38
-0.47
-0.93
-0.84
-0.52
-0.93
-0.94
-1.22
-1.30
1
2
3
4
5
520.84 2
Bloomberg Gbl Agg Corp 0901 TR Hdg
USD
Global Corporate Bond - USD Hedged
0.02
1.74
0.08
1.45
Invesco Global Inv Grd Cor Bd A USD MD1
Janus Henderson Glb Inv Grd Bd A3m USD
HSBC Global Corporate Bd Idx HCHKD(HUSD)
0.54
0.02
0.31
2.04
1.72
1.67
1
2
3
1.67
1.93
1.48
1.51
1.46
1.88
1.85
1.82
1.79
1.75
1
2
3
4
5
5.00
3.16
4.24
4.59
6.93
5.85
6.33
6.00
4.71
4.49
4.90
6.78
10.22
4.71
4.81
4.33
6.98
8.54
6.94
5.68
6.39
0.83
-1.55
3.39
2.56
5.20
0.75
-2.11
2.08
3.36
4.36
1.42
1.12
1.41
1.04
1.35
-1.22
-1.37
-1.44
-1.45
-1.47
4.75
2.78
2.86
2.65
3.78
5.20
1.32
4.56
4.00
5.01
5.21
1
2
3
4
5
2766.78
623.08
136.77
3073.97
5229.22
4
5
3
3
3
0.79
1.99
5.78
0.51
-2.12
0.52
1.88
4.69
0.93
1.10
0.43
0.90
0.63
-0.88
-1.20
-1.93
-2.04
-2.07
1.22
1.81
0.96
0.97
0.41
3.64
3.82
2.78
3.04
1.21
5.73
5.51
5.10
4.99
4.99
1
2
3
4
5
1.14
New Capital Wlthy Ntn Bd USD Ord Inc
Ninety One GSF EM InvGrd CpDt A Inc3 USD
Invesco Emerging Mkt Corp Bd A USD Acc
AB Em Mkt Corp Dbt C2 USD Acc
BGF Emerging Markets Corp Bd A2 USD
1.13
1.03
0.96
1.13
0.98
2.60
2.53
1.76
1.62
1.62
1
2
3
4
5
2.77
6.43
7.07
3.32
3.21
3.16
3.20
3.00
2.17
4.43
8.35
8.62
4.49
7.58
JPM CEMBI Broad Diversified Hdg TR
EUR
Global Emerging Markets Corporate
Bond - EUR Biased
New Capital Wlthy Ntn Bd EUR Ord Inc
Invesco Emerging Mkt Corp Bd A EURH Acc
AB Em Mkt Corp Dbt A2 EUR H Acc
AS SICAV I EM Corp Bd A Acc H EUR
BGF Emerging Markets Corp Bd A2 EUR Hdg
0.20
5.59
4.15
49.16 3
2861.00
149.64 4
1018.93 3
5068.98
Bloomberg Global Aggregate TR USD
Global Flexible Bond
E Fund (HK) Short-Duration Bond I AccUSD
Fidelity Global Income A-Acc-USD
Legg Mason WA Glb Mlt Strat A USD Acc
Allianz Global Opportunistic Bd A EUR
Legg Mason BW Glb Inc Opt A USD Acc
3.24
3.01
-0.58
-0.36
3.92
2.96
2.22
0.40
-0.94
-0.83
6.15
5.91
114.98
350.85
4.54 19803.94 1
2766.78
132.65
87.66
1482.23
131.23
3
2
5
3
5.15
1.52
1.24
4.57
2.74
2.12
1.79
1.75
1.95
2.02
0.94
0.50
0.70
0.99
4.36
6.24
4.91
4.50
5.17
114.98
350.85
354.94
1425.68
2548.31
2
5
2
2
3
964.60
346.04
2036.83
1843.38
120.87
4
3
3
3
2
2.74
2.16
8.32
8.50
1652.55
471.25
86.17
145.64
1148.08
3
2
3
4
2.82
2.27
2.56
1.67
1.95
8.48
7.89
8.41
7.96
8.38
350.85
6.76
1425.68 2
7.94
150.33 3
5.90 19803.94 2
260.14
2.55
6.76
3.37
2.91
6.52
3.89
3.32
3.73
2.95
1.87
2.43
6.68
2216.78
354.94 2
893.22
4.68
4.84
4.15
4.21
4.21
0.39
1.73
-1.44
1.97
1.97
7.50
7.66
5.49
6.86
6.87
2.75
2.30
-0.12
0.38
5.43
4.53
3.87
3.62
3.14
3.18
2.63
0.02
1.00
0.09
-0.53
0.10
7.16
6.15
5.51
5.46
4.97
2.35
1.75
Capital Group US CorpBd (LUX) B
Wells Fargo(Lux)WF $ IG Crdt A USD Acc
Eastspring Inv US High Invmt Grd Bd A
Eastspring Inv US Invmt Grd Bd ADQ
Eastspring Inv US Invmt Grd Bd A
0.39
0.17
0.03
-0.04
-0.05
2.25
2.10
1.69
1.52
1.41
Bloomberg US Agg Bond TR USD
USD Diversified Bond
0.11
0.38
0.27
0.21
0.21
1.80
1.72
1.66
1.60
1.60
0.13
0.23
0.39
2.79
0.39
0.92
2.12
Janus Henderson US Sh-Trm Bd A1m USD
BOCIP USD Short Duration Bond A USD Acc
Invesco USD Ultra-S/T Dbt A Acc USD
BGF US Dollar Short Duration Bd A1 USD
MFS Meridian Limited Maturity A2 USD
0.14
0.11
0.02
0.06
-0.03
0.65
-0.15
0.14
0.17
0.16
1.18
0.06
0.21
1.04
0.53
2.89
1.64
2.60
2.71
2.75
1.84
-0.12
3.62
5.43
4.70
4.36
2.67
2.98
2.77
3.32
6.80
4.20
5.56
2.85
7.54
4.77
5.69
4.11
5.85
5.88
0.03
0.27
0.26
0.01
-0.02
-0.06
3.27
5.50
4.22
1.37
5.08
5.54
5.89
4.06
8.28
0.93
0.90
0.80
0.70
0.69
1
2
3
4
5
-0.64
-1.42
-1.79
-1.86
-2.29
1
2
3
4
5
-1.17
3.34
0.16
2.33
3.18
2.69
1.97
0.97
0.97
2.09
2.40
2.91
1.99
3.57
5.52
4.66
5.13
4.01
4.32
4.87
Bloomberg US Government TR USD
USD Government Bond
494.88
355.67
288.82
1291.27
4
4
2
5
First Sentier Long Term Bond III USD Acc
MFS Meridian US Government Bond A2 USD
BNY Mellon US Muncpl Infras Dbt USD AAcc
BGF US Government Mortgage A1 USD
Franklin US Government A(Mdis)USD
-1.23
0.83
5.94
5.83
-0.31
-1.77
1.01
10.25
5.95
0.04
-0.13
-0.29
0.65
-0.41
-0.08
-0.60
-1.23
-1.30
-1.34
3.24
3.02
1.51
2.68
1.53
9.75
11.36
9.32
13.03
11.04
7.10
8.43
6.26
7.16
6.74
-0.32
1.18
0.30
0.51
0.26
0.40
0.34
0.26
0.35
1.94
1.51
1.20
1.08
1.02
1
2
3
4
5
0.77 0.46
0.98 0.85
1.59
1.45
1.13
1.42
1.39
1.72
1.67
1.57
1.56
1.52
1
2
3
4
5
-0.68 -1.95
0.57
-0.45
-0.70
-1.40
1
2
ICE BofA Gbl HY Constnd TR HEUR
Global High Yield Bond - EUR Hedged
0.57 -1.96
0.71 -1.83
Barings Dev and EM HY Bd A EUR H Inc
MFS Meridian Global High Yield WH1 EUR
Allianz Selective Glbl Hi Inc PT9 H2 EUR
PIMCO GIS Glb Hi Yld Bd E EURH Acc
Allianz Global High Yield WT H2 EUR
1.74
0.88
0.90
0.84
1.27
-0.92
-1.34
-1.39
-1.63
-1.64
1
2
3
4
5
11740.76
19137.28
445.96
1677.58
73758.59
4
5
2
4
4
0.18
0.31
-1.23
-1.13
Barings Dev and EM HY Bd A GBP H Inc
MFS Meridian Global High Yield WH1 GBP
Allianz Selective Glbl Hi Inc PT3 H2 GBP
Barings Global High Yield Bond G GBP Dis
PIMCO GIS Glb Hi Yld Bd E GBPH Inc
1.18
0.50
0.46
0.72
0.39
-0.40
-0.61
-0.68
-0.93
-0.97
1
2
3
4
5
0.18
0.47
2.88
2.48
0.33
1.61
1
0.24
1.36
0.19 -0.04
0.25
0.10
0.09
0.04
0.26
1.03
0.86
0.62
0.44
-0.43
1
2
3
4
5
0.24
4.84
1.83
3.88
4.87
3.81
3.44
2.53
2.50
2.91
3.41
4.40
3.63
5.13
4.65
6.13
6.93
5.79
6.02
6.14
3.17
3.45
9.45
9.41
7.02
5.56
5.17
4.64
3.77
4.38
4.03
16.22
13.48
7.96
9.98
9.10
6.51
6.37
5.81
5.80
5.77
2.99
6.28
5.07
5.36
3.35
13.54
5.01
5.84
5.56
1.98
2.13
7.97
8.13
5.55
4.15
3.94
2.46
2.10
1.79
2.50
15.11
7.23
5.58
5.72
7.79
4.85
4.80
11740.76
19137.28
134.02
5191.98
1677.58
2.55
2.69
15.66
16.41
7.85
6.75
4.37
3.08
2.67
3.27
2.31
23.25
14.72
13.21
19.00
13.15
7.14
7.10
11740.76
19137.28
134.02
1677.58
5191.98
6.29
5.10
8.03
6.71
7.22
5.47
3.99
5.36
4.54
5.55
4.98
5.62
3.59
4.18
3.74
4.94
4.87
4.65
4.50
3.02
3.70
4.13
4.09
4.00
3.68
5.01
4.85
4.69
5.18
3.21
8.19
-0.15
0.63
4.16
11.70
6.78
-0.34
-0.14
1.57
0.36
5.34
3.68
11.57
11.29
7.33
5.82
0.51
4.61
7.15
6.48
7.14
0.57
3.12
5.11
5.80
5.48
0.52
0.36
0.31
0.34
0.41
4.28
4.16
3.65
3.56
2.36
6.55
6.45
6.03
6.00
3.86
5.16
5.59
5.41
4.96
4.95
6.70
6.54
6.73
6.28
4.66
-3.44
-5.00
-5.95
-6.61
-8.43
4
4
3
4
4
3
4
3
3
3
11740.76
19137.28
134.02
5191.98
1524.42
3
4
3
4
4
Markit iBoxx ALBI Hong Kong TR HKD
HKD Bond
-0.12 0.34
0.04 -0.04
Hang Seng Hong Kong Bond A Acc
Invesco HK$ Bond B Acc (APIF)
PineBridge FS - HKD Fixed Income (Prov)
AIA Wealth AIA Government Bond A HKD Acc
BEA Union Investment HK Dollar HKD Bd R
0.23
-0.01
-0.04
-0.10
-0.17
0.73
0.39
0.37
0.35
0.32
-0.22
-0.56
1.25
1.11
0.80
4.89
3.56
2.95
2.81
2.44
0.37
-0.10
-0.10
0.23
-0.10
3.29
1.03
0.80
0.64
0.06
2.61
1.75
858.25
212.67
721.63
236.66
1403.54
4
3
3
4
3
1
2
3
4
5
41.98
342.51
966.25
139.60
1058.04
5
2
3
2
1058.00
4678.76
532.96
217.06
1314.31
3
4
3
4
3
-2.08 4.94
-1.90 4.51
5.32
1.25
3.26
0.46
-0.57
-4.11
-1.61
3.04
0.36
-1.09
7.35
3.67
3.87
2.24
4.56
10.76
7.11
1.28
3.73
9.46
5.41
UBS (Lux) BS USD High Yield $ P acc
Fidelity US High Yield A-Dis-USD
Janus Henderson High Yield A3m USD
JPM US High Yield Plus Bond A (mth) USD
Franklin High Yield A(Mdis)USD
1.43
1.47
1.34
1.32
1.44
2.29
2.09
1.77
1.65
1.63
4.11
4.92
4.02
4.21
3.86
8.23
10.61
10.31
10.31
8.43
5.41
5.53
6.02
6.60
5.69
MFS Meridian Inflation Adjstd Bd A2 USD
1
2
3
4
5
0.41
3.90
6.02
6.26
7.33
0.22
3.63
5.18
5.54
7.28
0.33
3.21
5.06
4.57
6.09
1
250.52 2
EUR Money Market
FTSE EUR EuroDep 3 Mon EUR
EUR Money Market
-0.27 -3.08
-0.26 -3.06
0.15
-0.29
FTSE EUR EuroDep 3 Mon EUR
EUR Money Market - Short Term
-2.73
-3.16
-1.41
-1.34
1
2
-0.27 -3.08
-0.27 -3.08
BGF Euro Reserve A2 EUR
-0.27
-1.14 -0.01
-0.96 0.10
-1.22
-1.56
-1.02
-1.59
-0.13
-0.48
1296.07
554.86
-3.10
-1.41
-1.40
1
-1.14 -0.01
-1.15 0.05
-1.45
-1.23
-0.09
-0.88
-0.94
5.94
5.80
2.43
2.23
-1.17
5.26
1.73
115.54
GBP Money Market
FTSE GBP EuroDep 3 Mon GBP
GBP Money Market
-0.65 -2.36
-0.66 -2.39
-0.70
FTSE GBP EuroDep 3 Mon GBP
GBP Money Market - Short Term
-2.51
1
-0.65 -2.36
-0.67 -2.37
Ninety One GSF Sterling Money A Inc GBP
127.59
-0.70
-2.51
1
-0.88
-0.91
5.94
5.79
2.43
2.24
-1.17
5.26
1.78
-0.20
-0.21
-0.25
-0.36
1.58
1.15
-0.19
-0.36
1.15
70.65
15.52
2.15
15.12
7.72
3.91
11.35
0.19
0.15
0.49
0.48
249.16
HKD Money Market
FTSE HKD EuroDep 3 Mon HKD
HKD Money Market
0.00 -0.28
0.00 -0.28
Phillip HKD Money Market A HKD
0.09
-0.26
1
Money Market - Other
619.93
2363.05
350.67
310.77
3087.88
3
3
3
4
3
619.93 3
5420.45 4
Harvest HKD Money Market A HKD Acc
ICBC Credit Suisse RMB Cash X
Ping An Money Market I USD Acc
ICBC CICC USD Money Market ETF USD
Da Cheng Money Market I USD
0.09
0.99
0.04
0.02
0.02
1.66
0.17
0.10
0.08
0.07
1
2
3
4
5
263.84
FTSE USD EuroDep 3 Mon USD
USD Money Market
0.01 0.02
-0.01 -0.04
Amundi Fds Cash USD A2 USD C
HSBC Global Money USD A
BOCHK US Dollar Money Market A
Fidelity US Dollar Cash A-Dis-USD
0.00
0.00
-0.02
-0.02
0.01
0.00
-0.03
-0.05
1
2
3
4
0.04
-0.06
0.08
-0.10
1.33
1.15
0.04
0.01
-0.03
-0.10
0.16
0.04
0.03
-0.30
1.38
1.09
1.34
0.82
3222.91
371.30
79.89
1497.60
USD Money Market - Short Term
619.93
350.67
154.10
5420.45
84.54
3
3
FTSE USD EuroDep 3 Mon USD
USD Money Market - Short Term
3
3
GaoTeng WeValue USD Money Mkt B USD Acc
E Fund (HK) USD Mny Mkt I USD Acc
Legg Mason WA US Govt Lqdty A $ Dis(D)
Federated Hermes S-T US Prime ISS
HSBC US Dollar Liquidity D
0.01 0.02
0.00 0.00
0.04
0.03
0.00
0.00
0.00
0.11
0.08
0.00
0.00
0.00
0.04
0.00
1
2
3
4
5
0.08 1.33
0.02 0.99
0.23
0.16
0.01
0.00
0.01
0.49
0.37
0.01
0.00
0.00
1.64
0.77
1.00
1.03
12.55
30.33
5.08
16.39
42.33
8.10
298.00
911.79
5495.76
30327.59
Commodities - Broad Basket
619.93 2
350.67 3
154.10
2363.05
5420.45 2
Commodities - Broad Basket
3.27
2.39
PIMCO GIS Cmdty Real Ret E USD Acc
3.88
6.58
1
1213.51
Commodities - Energy
Commodities - Energy
3.52
1.48
Global X S&P Crude Oil Fut Enh ER ETF
Samsung S&P GSCI Crude Oil ER Ftus ETF
8.10
8.12
3.93
3.06
10.20 79.48 -12.82
1
2
13.33
14.63
65.62 -14.09
77.89 -32.29
9.49
245.61
Commodities - Industrial & Broad Metals
1792.35 2
Commodities - Industrial & Broad
Metals
-14.31 -34.39
SSIF DCE Iron Ore Futures ETF
-20.37 -37.60
1
-16.07
15.27
-17.12
13.03
Commodities - Precious Metals
Commodities - Precious Metals
2903.99
3392.37
434.18
1456.07
1792.35
4
3
3
4
3
-6.74 -12.97
Value Gold ETF
Hang Seng RMB Gold ETF
0.32
0.88
-4.20
-5.16
-7.07 -12.34 16.09
1
2
2.66
2.82
-9.67
-6.96
14.12
13.65
1.01
6.51
5.18
-0.33
-0.42
0.95
3.64
10.55
3.71
2.01
11.84
7.08
4.76
16.20
6.91
3.24
17.37
8.27
234.77
9.26
Target Date 2016 - 2020
Target Date 2016 - 2020
-0.38
-1.75
Fidelity Target 2020 Fd USD
-0.04
-0.17
1
14.58 3
Target Date 2021 - 2025
Target Date 2021 - 2025
-0.05 -0.17
Fidelity Target™ 2025 (Euro) A-Dis-EUR
-0.78
-1.16
1
321.15 5
Target Date 2026 - 2030
3392.37 3
1792.35 2
Target Date 2026 - 2030
-0.54 -0.33
Fidelity Target™ 2030 (Euro) A-Dis-EUR
-0.59
-0.94
1
383.39 5
Target Date 2041 - 2045
Target Date 2041 - 2045
-0.54
0.58
Fidelity GIF SaveEasy 2045 A
-0.44
-3.19
6.97
1
1.31
25.13 10.90
16.81
9.70
23.91 3
Target Date 2046+
Target Date 2046+
2903.99
3392.37
1456.07
435.54
373.61
3
3
3
3
3
-13.83
-11.72
4.54
-4.14
-0.78
4.43
-3.94
-3.14
-6.43
-5.87
-9.14
-1.15
3.16
-4.47
-1.75
-6.38
0.81
6.74
3.78
5.10
4.74
2.24
0.57
1.34
1.04
4.97
3.86
1
2
3
4
5
1.40
2.21
2.60
0.73
2.25
1.91
1.19
1.79
5.66
4.81
5.58
67.35 5
4
59.13 4
1.11
4.62
207.36 4
1
2
3
4
5
-3.50
1.20
1.57
6.91
5.46
10.03
9.59
3.00
7.41
11.17
1
2
3
4
5
319.41 4
25.15
84.92
1799.88 4
1096.28 3
GBP Money Market - Short Term
5.74
12.50
-1.42
-2.96
-2.49
-3.83
-5.96
5
4
4
3
3
EUR Money Market - Short Term
3.54
4.71
6.09
-2.54 -4.35
1849.56
1852.75
270.86
82.80
849.74
USD Money Market
2.09
-6.92 -12.46
1.78
1.00
1.88
Fidelity Sterling Cash A-Acc-GBP
1.79
-0.16
1
2
3
4
5
0.01
-0.09
1.30
Global Inflation-Linked Bond - GBP Hedged
1
2
1
2
3
4
5
1.20
Bloomberg Gbl Infl Linked US TIPS TR
USD
USD Inflation-Linked Bond
Global High Yield Bond - GBP Hedged
ICE BofA Gbl HY Constnd TR HGBP
Global High Yield Bond - GBP Hedged
1
2
3
4
5
Bloomberg US Corporate High Yield
TR USD
USD High Yield Bond
Amundi Fds Cash EUR A2 EUR C
Fidelity Euro Cash A-Dis-EUR
-0.98
1
2
3
4
5
4
4
2
3
3
USD Inflation-Linked Bond
0.29
1
2
3
4
5
155.58
627.02
224.45
451.38
451.38
USD High Yield Bond
0.01 -2.59
-0.85
-1.60
-1.96
-2.07
-2.10
429.27 5
USD Government Bond
-0.60 -1.95
0.35
0.14
0.10
-0.02
1.01
1
2
3
4
5
0.06 0.08
1.45
2.84
2.84
0.86
2.26
0.36
0.52
0.39
0.68
0.27
1
2
3
4
5
Bloomberg US Aggregate 1-3 Yr TR
USD
USD Diversified Bond - Short Term
4.56
3.98
-0.46 0.01
0.21 -0.69
1
0.09 1.63
0.16 0.99
Fidelity US Dollar Bond A-Dis-USD
Legg Mason WA US Core+ Bd A USD Acc
Legg Mason WA US Core Bond A USD Acc
First Sentier High Quality Bd I USD Inc
Janus Henderson Flexible Inc A3m USD
0.15
3.94
3
3
3
3
3
Global High Yield Bond - EUR Hedged
HSBC GIF Global Bond AM3OAUD
Jupiter Emerging Market Debt L AUD H Acc
Barings Global Loan G USD Acc
PIMCO GIS Glb Rl Ret Instl SGD H Acc
Allianz Preferred Secs and Inc AM USD
7.70
6.48
0.34
0.25
1.24
1.25
1652.55
86.17
145.64
2188.40
1148.08
2256.58
159.87
48.49
2485.52
305.69
2
5
3
4
3
Fidelity GIF SaveEasy 2050 A
-0.61
0.82
-0.50
-3.20
7.27
1
1.25
26.95 11.70
16.77
9.66
45.38 3
The information on these pages is for guidance only.
Listed are the up to top 5 performing funds authorised for sale in Hong Kong in each of Morningstar’s proprietary categories, based on the trailing three-month total returns. Returns
over 1 year are annualised and through month-end. All returns are in US$ terms, as are fund
sizes. The fund size data is in thousands and from the latest documents fund companies provide to Morningstar.
The Overall Morningstar Rating for a fund is derived from a weighted average of the riskadjusted performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics. Funds are rated within the Morningstar Europe/Asia categories.
Wherever possible, sectors are shown with an appropriate benchmark index in bold.
Performance periods for this listing run to: September 16, 2021.
Other Bond
3.71
2.41
2.10
-1.87
USD Flexible Bond
HKD Bond
7.61
7.30
5.29
4.34
3882.59 4
USD Diversified Bond - Short Term
Global Flexible Bond - GBP Hedged
Value Partners Grt CHN HY In P Acc HKD
BOCHK All Weather China HY Bd A RMB
BEA Union Inv China Hi-Yld Inc A USD
Fidelity China High Yield A-Acc-USD
UBS (HK) Fd Series-CHN Hi-Yld Bd A$MDist
7.27
0.91
Bloomberg US Corp Bond TR USD
USD Corporate Bond
Global Flexible Bond - EUR Hedged
ICE BofA AsianDollar HYCp CN Is TR
USD
Greater China High Yield Bond
5.12
12.00
1
USD Diversified Bond
Greater China High Yield Bond
1.04
9.50
2.05
101.62
146.19
762.44 4
102.00 2
61.49 3
USD Corporate Bond
5.69
5.23
6.09
4.96
5.53
5.57
7.15
2.87
6.69
4.78
AXAWF Global Infl Bds A Cap USD H
PIMCO GIS Glb Rl Ret E USD Inc
Schroder ISF Glb InflLnkdBd A Acc USD H
ASSII-GbInfLkGvBd A Acc USD
BGF Global Inflation Linked Bd A2 USD
1.48
1
2
3
4
5
0.60 -2.02
BGF European High Yield Bond A2 SEK Hdg
0.60
7.22
7.37
5.06
2.94
1.76
2.09
1.88
1.99
1.37
0.92
2.19
1.17
4.65
3.45
Bloomberg Gbl Infl Linked TR Hdg
USD
Global Inflation-Linked Bond - USD
Hedged
4.48
1.59
1.06
1.05
0.98
0.91
3.98
3.43
1.84
3.60
1.94
Bloomberg Gbl Infl Linked TR Hdg
GBP
Global Inflation-Linked Bond - GBP
Hedged
3.67
3.49
1.63
0.41
-0.77
-1.14
-0.56
-0.25
-0.96
Bloomberg Gbl Infl Linked TR Hdg
EUR
Global Inflation-Linked Bond - EUR
Hedged
3.54
-0.93
-2.91
0.61
0.37
0.94
0.59
0.97
Jupiter Dynamic Bond L CHF Q Inc HSC
PIMCO GIS Divers Inc Instl CHFH Acc
Allianz Global Mlt-Asst Crdt PT H2 CHF
Capital Group GlbHiIncOpps(LUX) ZhCHF
PIMCO GIS Income E CHF Hedged Acc
Fidelity Global Infl-Link Bd A-Acc-USD
-0.57
-0.50
0.09
0.50
4.39
Bloomberg Gbl Infl Linked TR USD
Global Inflation-Linked Bond
6.99
4.94
5.68
Loomis Sayles Multisector Inc R/D USD
AB(HK)American Income A2 USD Acc
Franklin Strategic Income A(acc)USD
Allianz American Income AM USD
Neuberger Berman Strat Inc A USD MD
0.08
Barings Dev and EM HY Bd A CHF H Acc
PIMCO GIS Glb Hi Yld Bd Instl CHF H Acc
4.42
9.52
10.20
10.30
Bloomberg US Agg Bond TR USD
USD Flexible Bond
1.22
Global High Yield Bond - CHF Hedged
3.79
3.68
4.53
4.54
5.27
-1.26 -2.52
Barings Dev and Em Mkts HY Bd A USD Inc
Barings Global High Yield Bond I USD Dis
MFS Meridian Global High Yield A2 USD
Principal Glbl High Yield A Acc USD
GS Glbl Hi Yld Base Acc USD
2.34
2.11
1.79
1.59
1.48
6.08
4.30
ICE BofA Gbl HY Constnd TR USD
Global High Yield Bond
5.59
0.71
2.19
1.00
0.94
0.95
4.55
-2.77
Jupiter Dynamic Bond L USD Q Inc HSC
PIMCO GIS Divers Inc E USD Acc
AB Global Income AT HKD Inc
SchroderISF Glb Crdt Inc A Dis HKD M
HSBC GIF Global High Income Bond AM2
6.97
8.91
4.54
1.34
Bloomberg Global Aggregate TR Hdg
USD
Global Flexible Bond - USD Hedged
10.91
3.46
1.22
-1.93 -1.95
Jupiter Dynamic Bond L GBP Q Inc HSC
PIMCO GIS Divers Inc Instl GBPH Inc
AB Global Income AT GBP H Inc
Capital Group GlbHiIncOpps(LUX) BdhGBP
Schroder ISF Glb Crdt Inc A Dis GBP H M
4.74
-0.04 -2.73
Global Flexible Bond - CHF Hedged
Bloomberg Global Aggregate TR Hdg
GBP
Global Flexible Bond - GBP Hedged
1.57
0.72
1.49
1
2
3
4
5
3-yr
Star
rtrn Fund size Rtg
0.53
-1.81
-0.61
-0.95
-1.44
-1.49
-1.54
1-yr
rtrn
0.92
0.39 -1.89
0.85
1.15
0.93
0.81
0.66
6-m
rtrn
SEK Corporate Bond
SEK Corporate Bond
SEK Flexible High Yield Bond
Global Inflation-Linked Bond - USD Hedged
5.21 19803.94 2
5.69
114.98 2
2.96
502.73 2
2.18
Premia China Trs & Plcy Bk Bd Lg Du ETF
Guosen RMB Renaissance P RMB
Ninety One GSF All China Bd A Acc USD
Income Partners RMB Bond 2A Acc USD
CSOP Blmbrg Bcly CHN Trs+Plcy Bk Bd ETF
3-m 3-m
rtrn rk
SEK Flexible High Yield Bond
7.05
7.46
7.36
Bloomberg Global Aggregate TR Hdg
CHF
Global Flexible Bond - CHF Hedged
PIMCO GIS Glb Rl Ret E GBPH Inc
Fidelity Global Infl-Link Bd Y-Dis-GBP H
2.53 6.40
2.88 6.15
2.14
3.17
-0.40
Markit iBoxx ALBI China Onshore TR
CNY
RMB Bond - Onshore
BGF Euro Corporate Bond A2 SEK H Acc
5.13
6.94
4.79
0.40 -2.25
0.66
AXAWF Global Infl Bds A Cap EUR
PIMCO GIS Glb Rl Ret E EURH Acc
BNP Paribas Glb Infl-Lnkd Bd Cl Cap
Schroder ISF Glb InflLnkdBd A Acc EUR
Fidelity Global Infl-Link Bd A-Acc-EUR H
Global Corporate Bond
Bloomberg Gbl Agg Corp TR USD
Global Corporate Bond
350.85 3
150.33 3
Global Inflation-Linked Bond - EUR Hedged
0.20 -0.20
-0.37
-0.19
1.11 1.61
0.89 0.48
Global Emerging Markets Corporate
Bond
Global Bond - USD Biased
Bloomberg Global Aggregate TR Hdg
USD
Global Bond - USD Biased
7.10
7.28
Global Inflation-Linked Bond
Bloomberg Global Aggregate TR Hdg
NOK
Global Bond - NOK Hedged
-2.26
1.56
2.70
Global High Yield Bond - CHF Hedged
Global Bond - ILS
Global Bond - ILS
3.26
3.57
4
5
Global High Yield Bond
Global Bond - GBP Hedged
Bloomberg Global Aggregate TR Hdg
GBP
Global Bond - GBP Hedged
1.56
1.52
Global Flexible Bond - USD Hedged
4.60
1052.08
5.11
758.47
4.92
1365.25
3.79 14660.90
0.29
Capital Group EM Local Debt (LUX) Bd
Ninety One GSF EM Lcl Ccy Dbt A Acc USD
Ninety One GSF EM LclCcyDynDbt A Acc USD
JPM Emerg Mkts Lcl Ccy Dbt A (mth) USD
MS INVF Emerging Mkts Domstc Dbt A USD
Jupiter Dynamic Bond L EUR Q Inc
PIMCO GIS Divers Inc E EURH Acc
AB Global Income A2 EUR H Acc
Schroder ISF Glbl Crdt Inc A Acc EUR Hdg
Capital Group GlbHiIncOpps(LUX) BhEUR
12.30 9.44
11.70 9.54
3.75
JPM GBI-EM Global Diversified TR
USD
Global Emerging Markets Bond Local Currency
Bloomberg Global Aggregate TR Hdg
EUR
Global Flexible Bond - EUR Hedged
230.59
308.83
85.77
69.66
3.66
GBP Inflation-Linked Bond
0.16
0.07
0.16
0.20
1-m
rtrn
Global Flexible Bond
Fixed Term Bond
Invesco Global Bd Fxd Mat 2022 A USD MD1
Invesco Asian Bd Fxd Mat 2022 A HKD MD1
New Capital Wlthy Ntns FMB 2023USDOrdDis
New Capital All BsRtdFxdMatBd2025$ Ins
New Capital Wlthy Ntns FMB2024RMBHOrdDis
3-yr
Star
rtrn Fund size Rtg
Global Emerging Markets Corporate Bond - EUR Biased
5574.74 4
772.18 3
9830.63 3
EUR Ultra Short-Term Bond
-0.27 -3.08
-0.25 -2.98
1-yr
rtrn
Global Emerging Markets Corporate Bond
-0.59 0.71
-0.09 0.90
-1.64
-1.43
-1.66
1
6-m
rtrn
Global Emerging Markets Bond - Local Currency
Global Corporate Bond - USD Hedged
1719.65 5
Convertible Bond - Global CHF Hedged
Convertible Bond - Global CHF
Hedged
Fidelity Emerging Mkt Dbt A-Dis-USD
AS SICAV I Frntr Mkts Bd A MInc USD
Ninety One GSF EM Hard Ccy Dbt A Inc2USD
JPM Emerging Markets Debt A (mth) USD
GS Em Mkts Dbt Base Acc USD
Global Corporate Bond - GBP Hedged
10.20 2
249.96
910.35 3
9249.01
31.12 4
1.37 22.13 15.29
-0.33 14.06 9.66
1
JPM EMBI Global Diversified TR USD
Global Emerging Markets Bond
Global Corporate Bond - EUR Hedged
Convertible Bond - Global
Refinitiv Global CB TR USD
Convertible Bond - Global
8.27
18.64
17.48
13.11
-0.42
-0.45
-1.39 -2.14
-1.12 -2.35
Schroder ISF EURO Govt Bd A Acc EUR
Franklin Euro Government Bond A(Ydis)EUR
-0.01 4.08
China Bond
Markit iBoxx ALBI China Offshore TR
CNH
China Bond
12.88
-0.40
-0.61
-1.08
Global Corporate Bond - CHF Hedged
3
1
4
4
Asia High Yield Bond
Asia High Yield Bond
-0.11
Global Bond - USD Hedged
Asia Bond - Local Currency
Markit iBoxx ALBI TR USD
Asia Bond - Local Currency
-0.53
-1.82
-2.09
-2.24
-2.25
-1.25 -2.26
-0.18 -2.46
Bloomberg Euro Agg Govt TR EUR
EUR Government Bond
7.23
Asia Bond
Asia Bond
1
2
3
EUR Flexible Bond
JPMorgan SAR Global Bond A
Fidelity FAP-Capital Stable A
0.91 10.70
4.95 14.08
1
2
3
4
5
520.84 2
Global Bond - NOK Hedged
USD Moderate Allocation
Cat 50%Barclays US Agg
TR&50%FTSE Wld TR
USD Moderate Allocation
-0.48
-0.34
-0.40
Bloomberg Global Aggregate TR Hdg
EUR
Global Bond - EUR Hedged
USD Flexible Allocation
Cat 50%Barclays US Agg
TR&50%FTSE Wld TR
USD Flexible Allocation
6.83
Global Bond - EUR Hedged
8.15
1
2
3
4
5
9.81
18.90
3-m 3-m
rtrn rk
Global Emerging Markets Bond - EUR Biased
Global Bond - CHF Hedged
1
3
1
5
4
USD Cautious Allocation
Cat 75%Barclays US Agg
TR&25%FTSE Wld TR
USD Cautious Allocation
3
3
Global Bond
8.90
9.30
8.92
6.20
9.62
13.06
Allianz Global Intelligent Cities AT USD
Momentum GF Harmony USD Growth A
MFS Meridian Prudent Wealth A1 USD
HSBC Portfolios World Sel 5 AC
HSBC Portfolios World Sel 4 AC
-2.04
-0.31 -2.97
-0.30 -2.90
SJP Index Linked Gilts Inc
USD Aggressive Allocation
Cat 25%Barclays US Agg
TR&75%FTSE Wld TR
USD Aggressive Allocation
-1.35
-0.35
-1.18
-1.38
-1.37
Bloomberg Gbl Infl Linked UK TR GBP
GBP Inflation-Linked Bond
Other Allocation
Allianz Selection Income & Growth AM
BGF ESG Multi-Asset A8 SGD H
Capital Group Glob Alloc (LUX) Ch-JPY
UBS (Lux) KSS Eur GrInc € HKD H P-8%-md
Schroder ISF Glbl Trgt REt A Acc CNHH
5
4
EUR Diversified Bond - Short Term
6.86
13.21
12.06
16.75
4.87
17.13
-10.39
-8.18
1
2
3
4
5
1719.65
1251.66
150.72
609.05
520.84
GBP Diversified Bond
Greater China Allocation
Morningstar China 50/50 NR USD
Greater China Allocation
1
-1.25 -2.26
-0.79 -2.51
Fidelity Euro Bond A-Dis-EUR
Legg Mason WA Euro Core+ Bd A EUR Dis(D)
Schroder ISF EURO Bond A Acc EUR
Capital Group Euro Bond (LUX) B
BGF Euro Bond A2
Invesco Euro Ultra-S/T Dbt A EUR Acc
Allianz Enhanced Shrt Trm Euro AT EUR
38166.28
83.00
773.79
5657.70
1520.84
8.60
-0.73
-1.48
-1.96
-1.96
-2.28
-0.32
0.07
-0.32
-0.53
-0.87
FTSE EUR EuroDep 3 Mon EUR
EUR Ultra Short-Term Bond
Global Emerging Markets Allocation
Cat 50%JPM EMBI Plus
TR&50%MSCI EM NR
Global Emerging Markets Allocation
15.30
10.02
3.98
8.73
5.35
-1.40 20.69
-0.83 -2.48
-0.73 -2.54
Bloomberg Pan Euro HY Euro TR EUR
EUR High Yield Bond
7.44
5.23
4.53
-0.39
-0.97
-1.10
-1.70
18.78
16.89
8.64
14.88
12.09
EUR Government Bond
5
5
5
5
1
GBP Moderately Cautious Allocation
Morningstar UK Mod Caut Tgt Alloc
NR GBP
GBP Moderately Cautious Allocation
1.15
-1.88
-2.77
-2.47
-2.12
6.75
EUR Corporate Bond
AB European Income C Inc
7370.31
4221.60
38166.28
1695.65
1520.84
7.65
4.37
1
2
3
4
5
-3.01
Convertible Bond - Global USD
Hedged
Bloomberg Euro Agg Bond TR EUR
EUR Flexible Bond
17.18 8.40
-0.77 -0.21
1.42
0.69
0.06
-0.30
-0.58
1
2
3
4
5
10.42
1-m
rtrn
Global Emerging Markets Bond
EUR High Yield Bond
-0.60 -0.56
1.51
0.13
-0.19
-0.30
-0.42
-0.28
-2.27
-2.93
-3.31
-3.45
Jupiter Global Convert L GBP A Inc HSC
Bloomberg Euro Agg 1-3 Yr TR EUR
EUR Diversified Bond - Short Term
GBP Moderate Allocation
Morningstar UK Mod Tgt Alloc NR
GBP
GBP Moderate Allocation
-1.71
0.27 -1.69
GBP Flexible Allocation
Morningstar UK Mod Tgt Alloc NR
GBP
GBP Flexible Allocation
0.09 -2.84
1.37
0.83
-0.67
1.01
-0.25
Bloomberg Euro Agg Bond TR EUR
EUR Diversified Bond
8.12
EUR Moderate Allocation - Global
Morningstar EU Mod Gbl Tgt Alloc NR
EUR
EUR Moderate Allocation - Global
0.18 20.84 14.26
EUR Diversified Bond
13.65
EUR Moderate Allocation
Morningstar EU Mod Tgt Alloc NR EUR -0.97 -1.10
EUR Moderate Allocation
-0.63 -1.42
Capital Group GlobCorpBd (LUX) B
Ninety One GSF InvGrdCorpBd A Inc-2 USD
1.64 -1.03
Convertible Bond - Global GBP
Hedged
EUR Flexible Allocation - Global
Morningstar EU Mod Gbl Tgt Alloc NR
EUR
EUR Flexible Allocation - Global
3-yr
Star
rtrn Fund size Rtg
Convertible Bond - Global USD Hedged
-0.68 -1.50
-0.01
-0.29
-0.59
-0.62
-1.34
1-yr
rtrn
Convertible Bond - Global GBP Hedged
EUR Cautious Allocation - Global
Morningstar EU Cau Gbl Tgt Alloc NR
EUR
EUR Cautious Allocation - Global
6-m
rtrn
Convertible Bond - Global EUR Hedged
0.83
-0.63
-0.33
-0.30
-1.40
-1.20
3-m 3-m
rtrn rk
-2.05
7.71
50.82
87.66
6218.54
3392.37
13.51
RMB Bond - Onshore
The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; (4) for reference only. Neither Morningstar nor its content providers are responsible for
any damages or losses arising from any use of this information. Past performance is no guarantee of future results. All investments involve risk.
Performance data supplied by
© 2021 Morningstar Asia Limited. All right reserved
THE TOP 150
Rank Stock
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Tencent
Alibaba Group-SW
Meituan-W
CCB
AIA Group
China Mobile
JD.com-SW
HSBC Holdings
HKEX
WuXi Biologics
Xiaomi-W
NetEase, Inc.
ANTA Sports
Kuaishou-W
Prudential
Ping An Insurance
ICBC
CNOOC
BeiGene
SPDR Gold
SHK Properties
Manulife-S
Techtronic Ind
China Mer Bank
CITIC
MTR
BYD
Li Ning
Hang Seng Bank
Shenzhou Int'l
JD Health
Bud APAC
Geely Auto
Sunny Optical
BOC Hong Kong
Bank of China
Li Auto-W
HK & China Gas
Market cap
$ billion
4433.236
3359.618
1475.834
1358.358
1065.699
978.728
962.099
835.239
623.522
521.612
469.650
444.674
423.374
419.343
412.744
405.893
376.686
360.305
336.963
320.240
305.426
299.173
293.802
291.293
274.321
271.510
269.755
261.786
261.158
255.247
254.750
254.008
252.884
247.230
246.874
231.634
231.038
229.516
P/E
Last
price
Year
high
Year
low
23.2
254.6
4.5
23.8
7.7
27
54
244.1
23
29.7
69.2
25
5.7
4.3
12.2
13
8.6
47.3
14.2
4.8
149
128.3
16.3
42.5
63.8
39
42.8
9.3
3.9
38.2
461.80
154.90
240.80
5.65
88.10
47.80
307.40
40.25
491.80
123.10
23.00
128.70
156.70
100.80
157.80
54.50
4.34
8.07
278.60
1282.50
105.40
152.00
160.20
63.45
9.43
43.85
257.40
104.90
136.60
169.80
79.95
19.18
25.75
225.40
23.35
2.77
112.60
12.30
775.50
309.40
460.00
6.74
109.30
59.20
422.80
50.85
587.00
148.00
35.90
207.80
191.90
417.80
170.58
103.60
5.75
10.60
238.20
1431.00
126.00
170.80
180.00
72.45
10.24
49.00
295.00
108.20
166.70
207.60
198.50
29.50
36.45
259.40
29.55
3.17
121.60
13.40
412.20
149.10
183.20
4.93
73.05
39.00
236.40
27.50
353.60
57.93
19.40
117.20
76.15
64.50
91.40
56.25
3.96
6.50
130.40
1222.50
96.30
103.10
94.30
35.60
5.20
37.65
100.20
33.95
110.00
123.50
58.00
18.18
14.72
114.90
20.05
2.33
101.80
10.36
Weekly
% chg
-5.76
-7.74
-7.17
-2.08
-7.56
-2.05
-4.3
-1.59
-2.42
+3.79
-4.56
-6.55
-6.06
+3.44
-1.25
-9.17
-2.91
+34.07
-2.25
-4.96
+0.66
-4.24
-8.24
-3.87
-0.34
-1.61
+0.1
-2.36
-3.58
+5.2
+0.21
-5.16
-3.1
-1.9
-1.77
-5.30
-1.76
Weekly
$ chg
Rank Stock
-28.20
-13.00
-18.60
-0.12
-7.20
-1.00
-13.80
-0.65
-12.20
+4.50
-1.10
-9.03
-10.10
+3.35
-2.00
-5.50
-0.13
+70.80
-29.50
-5.50
+1.00
-7.10
-5.70
-0.38
-0.15
-4.20
+0.10
-3.30
-6.30
+3.95
+0.04
-1.40
-7.20
-0.45
-0.05
-6.30
-0.22
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
Bilibili-SW
Smoore Int'l
ZTO Express-SW
China Res Land
CKH Holdings
JD Logistics
Longfor Group
Mengniu Dairy
Nongfu Spring
XPeng Inc.-W
CLP Holdings
China Res Beer
Yum China-S
China Overseas
Galaxy Entert
Haidilao Int'l
CK Asset Hldg
Alibaba Health
Henderson Land
Chow Tai Fook
CG Services
ENN Energy
Bank of Comm
Country Garden
Xinyi Solar
Zhongsheng Group
Std Chartered
Trip.com-S
Link-Reit
SMIC
China Feihe
China Gas
China Unicom
Sands China
Hansoh Pharma
Sino Biopharm
Swire Properties
Huazhu Group
Market cap
$ billion
224.852
209.165
204.417
203.232
201.622
197.546
197.407
196.504
195.093
192.512
191.126
189.622
180.132
176.212
174.346
170.867
168.151
162.115
161.460
160.800
160.376
159.308
159.304
156.685
151.826
146.602
146.358
142.487
138.656
135.105
126.268
124.607
123.922
121.760
121.704
119.882
116.181
116.159
P/E
Last
price
Year
high
Year
low
67
5.8
6.9
8.1
47.3
68.2
16.7
76.7
27.7
3.4
453.6
10.4
400.7
15.8
26.7
43.3
21.4
3.9
3.7
30.8
21.6
58.9
26.6
14.4
11.1
8.4
40.1
36.6
28.4
-
585.00
34.90
239.00
28.50
52.50
31.95
32.55
50.00
38.75
147.90
75.65
58.45
429.80
16.10
40.15
31.30
46.15
12.02
33.35
16.08
49.85
141.00
4.55
6.97
17.08
62.05
47.35
225.20
66.65
22.65
14.16
22.35
4.05
15.06
20.55
6.36
19.86
35.55
1052.00
90.00
296.43
41.30
65.80
48.15
53.60
53.85
68.75
176.70
81.65
78.60
544.00
21.95
80.30
85.80
56.05
30.15
38.85
18.12
85.20
178.80
5.26
11.44
24.80
77.60
56.85
326.00
78.70
31.95
25.70
35.00
6.12
40.55
46.70
9.69
25.60
49.30
487.20
31.20
190.00
25.50
45.80
24.90
32.35
34.60
34.20
131.20
70.25
44.10
385.60
14.92
38.30
26.10
35.65
9.78
27.20
9.00
41.45
79.27
3.66
6.61
9.68
44.00
33.30
185.70
58.80
16.74
12.88
20.65
3.95
15.30
18.28
6.15
18.68
24.40
Weekly
% chg
-11.16
-16.11
-1.24
-5.94
-4.98
-10.5
-9.71
+3.41
-0.51
-3.65
-1.3
-8.1
-11.2
-7.74
-23.81
-6.01
-5.43
-9.35
-3.05
-2.9
-17.94
-6.44
-1.94
-15.18
-5.11
-5.41
-1.87
-10.14
-4.85
-4.03
+4.89
+1.59
-2.88
-43.28
-4.86
-6.06
-3.83
-10
Weekly
$ chg
Rank Stock
-73.50
-6.70
-3.00
-1.80
-2.75
-3.75
-3.50
+1.65
-0.20
-5.60
-1.00
-5.15
-54.20
-1.35
-12.55
-2.00
-2.65
-1.24
-1.05
-0.48
-10.90
-9.70
-0.09
-1.25
-0.92
-3.55
-0.90
-25.40
-3.40
-0.95
+0.66
+0.35
-0.12
-11.49
-1.05
-0.41
-0.79
-3.95
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
Rusal
CKI Holdings
CSPC Pharma
Wharf REIC
Prada
China Hongqiao
PSBC
China Res Gas
Xinyi Glass
Orient Overseas
Lenovo Group
Sinopec Corp
Power Assets
Innovent Biologics
China Life
Great Wall Motor
China Res Power
Tracker Fund
Baidu
MicroPort Sci
SITC Int'l
GDS Holdings-SW
New World Dev
Kingdee Int'l
Zai Lab-SB
China Res Mixc
Pop Mart Int'l
Agricultural Bk
HKT-SS
Tingyi
Hang Lung Ppt
Wharf (Holdings)
PetroChina
Haier Smart Home
Sino Land
Fosun Int'l
Kunlun Energy
WH Group
ESR Cayman
Market cap
$ billion
115.923
115.437
115.427
112.948
111.949
110.733
109.606
108.874
106.349
103.034
101.405
98.737
98.710
96.797
96.289
95.931
94.285
93.802
89.080
88.176
87.661
87.618
87.201
85.158
84.607
84.338
84.046
82.687
81.515
81.329
80.354
80.221
80.176
79.344
79.138
78.168
75.938
73.517
73.323
P/E
Last
price
Year
high
Year
low
19.7
15
18.9
8.4
6.6
20.4
16.5
14.5
11.4
12.1
16.1
6.2
44.8
12.4
32.1
80.8
64.9
116.5
3.9
15.6
17
20.7
3.6
18
8
8.5
10.6
13.2
32.9
7.63
43.55
9.64
37.20
43.75
12.14
5.52
47.05
26.30
161.70
8.44
3.87
46.25
66.50
12.94
30.95
19.60
25.58
159.10
48.45
32.80
58.60
34.65
24.55
984.50
36.95
59.95
2.69
10.76
14.46
17.86
26.25
3.80
28.20
10.70
9.34
8.77
5.73
23.95
8.05
50.25
12.68
49.60
65.30
14.40
6.37
52.25
34.20
180.50
11.60
4.69
51.35
107.10
19.20
39.00
22.70
31.34
256.60
72.85
35.10
118.70
43.00
39.50
1512.00
55.25
107.60
3.30
11.54
16.48
22.60
30.70
3.96
38.45
12.98
13.42
9.00
7.55
30.35
2.81
35.75
7.08
29.55
29.10
4.50
3.02
32.10
13.82
25.85
4.81
2.95
39.20
50.20
12.56
9.02
7.50
23.90
133.00
26.67
10.48
46.55
34.15
18.46
602.00
27.25
46.65
2.38
9.80
12.20
17.38
14.34
2.16
22.60
8.92
8.45
3.43
5.44
21.90
Weekly
% chg
+6.27
-1.69
-1.53
-9.6
-6.62
-9.27
-5.48
+0.11
-10.54
+2.34
+2.43
+0.78
-2.53
+3.58
-3.58
-6.21
-2.97
-4.69
-1.85
+2.11
-6.29
-6.09
-4.15
-7.01
-7.47
-3.52
-2.18
+0.75
+2.26
-0.89
-1.32
+11.44
-6.78
-3.95
-8.25
-0.79
-4.18
-0.21
Weekly
$ chg
+0.45
-0.75
-0.15
-3.95
-3.10
-1.24
-0.32
+0.05
-3.10
+3.70
+0.20
+0.03
-1.20
+2.30
-0.48
-2.05
-0.60
-1.26
-3.00
+1.00
-2.20
-3.80
-1.50
-1.85
-79.50
-1.35
-0.06
+0.08
+0.32
-0.16
-0.35
+0.39
-2.05
-0.44
-0.84
-0.07
-0.25
-0.05
Rank Stock
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
BYD Electronic
Bosideng Int'l
Genscript Bio
WuXi AppTec
Guangdong Inv
Swire Pac (Total)
Swire Pacific `A'
Swire Pacific `B'
Sunac China
China Literature
HK Electric-SS
Want Want China
CPIC
Weigao Group
PA Gooddoctor
Zijin Mining
Conch Cement
Hopson Dev Hold
Conch Venture
China Shenhua
China Res Cement
JS Global Life
Dali Foods Group
CNBM
Angelalign
China Longyuan
Hua Hong Semi
Dongyue Group
CITIC Bank
Nine Dragon Paper
HUTCHMED (China)
Ming Yuan Cloud
Man Wah Holdings
Topsports Int'l
Shimao Group
Huabao Int'l
Evergrande Prop
Market cap
$ billion
71.539
71.196
70.760
69.502
68.516
67.823
44.446
23.378
67.597
66.585
66.272
66.073
63.554
61.775
61.151
61.041
60.756
60.350
60.192
59.376
59.285
58.640
57.378
55.154
54.943
54.442
53.271
53.032
52.683
52.084
51.933
51.380
51.004
50.549
49.825
49.788
49.730
P/E
Last
price
Year
high
11.2
34.7
144.1
15.2
31.75
6.57
33.70
178.60
10.48
63.10
6.93
43.40
196.90
14.60
30.35
2.09
9.66
86.25
10.42
-9.03
-4.09
-1.03
+8.18
-4.38
-3.15
-0.28
-0.35
+13.5
-0.48
1.6
24.3
13.8
7.4
25.8
36
6
4.5
6.6
8.3
6.6
20.8
12.7
6.9
23.7
69.7
53.2
3.2
11
25.6
18
3.3
100.8
14.8
49.10
7.84
14.50
65.15
7.50
5.53
22.90
13.66
53.30
10.64
46.75
27.70
32.95
17.58
8.49
16.78
4.19
12.10
326.40
16.30
41.45
23.50
3.54
11.10
60.10
26.10
12.88
9.59
14.10
16.02
4.60
64.60
10.10
35.90
95.75
8.01
6.25
42.57
20.65
148.50
16.24
57.60
39.80
40.85
19.36
11.76
26.50
5.48
13.58
490.00
17.64
64.65
28.50
4.29
16.62
85.80
60.80
22.75
13.78
36.60
22.30
19.74
35.10
6.28
13.50
51.15
7.57
5.03
20.85
11.98
51.45
4.81
35.85
16.24
27.60
13.20
6.35
13.00
3.90
8.21
317.00
4.58
24.00
2.84
2.93
9.32
51.20
21.80
9.60
8.72
13.38
6.53
3.93
-5.21
-5.08
-22.46
-6.66
-3.35
+2.6
-5.57
+6.39
-7.79
-10.89
-3.81
-9.18
-1.49
-4.35
-3.08
-6.05
-1.87
-6.06
-11.11
-3.09
-7.99
+8.8
-4.32
-4.97
-1.64
-14.71
-4.17
-3.91
-12.64
-5.3
-2.13
-2.70
-0.42
-4.20
-4.65
-0.26
+0.14
-1.35
+0.82
-4.50
-1.30
-1.85
-2.80
-0.50
-0.80
-0.27
-1.08
-0.08
-0.78
-40.80
-0.52
-3.60
+1.90
-0.16
-0.58
-1.00
-4.50
-0.56
-0.39
-2.04
-0.90
-0.10
Data source: HKEX; SCMP graphic; # traded in RMB
Year
low
Weekly
% chg
Weekly
$ chg
B10
Monday, September 20, 2021
MARKETS
HONG KONG STOCKS
Code
1361
1530
3319
2018
6669
3383
1288
1299
753
1789
9926
9988
241
1060
373
9966
347
6699
2020
6996
9990
6855
743
1675
522
1717
2518
2357
1958
9888
2100
3988
1963
3328
23
3866
1121
9991
737
863
6160
694
686
392
6909
9626
2299
3316
1250
371
6993
2588
2388
3998
2137
1114
1876
1211
285
1908
2156
3309
341
6185
1381
2160
2171
1981
293
1224
9983
939
6818
1257
832
9982
6098
1811
1816
3996
2175
512
1117
81
2600
2778
2219
6601
3883
9668
1359
1898
1800
552
3969
1387
3818
670
667
165
257
839
3333
6186
506
6881
384
2099
1378
2799
3908
817
2128
2628
1234
772
1589
916
867
3968
978
144
6099
941
3993
1258
2669
2883
581
688
2380
1186
390
1508
291
1313
1193
1109
1209
3320
836
1907
1966
412
1432
1088
1055
1668
3311
956
966
728
1252
6055
788
658
308
762
2202
6166
855
8083
1333
354
127
1111
1609
116
1929
1995
884
2039
3899
267
998
6030
1883
256
1113
775
1
1038
2
302
3323
883
1610
2342
914
586
2866
1199
1919
120
2007
43
2601
3618
1911
1515
1766
3898
2232
6066
2822
82822
1093
3877
2616
6111
2356
440
3799
2117
991
2019
2215
6878
861
489
189
Share
361 Degrees
3SBio
A-Living Services
AAC Tech
Acotec-B
Agile Group
Agricultural Bk
AIA Group
Air China
AK Medical
Akeso, Inc.-B
Alibaba Group-SW
Alibaba Health
Alibaba Pictures
Allied Group
Alphamab-B
Angang Steel
Angelalign
ANTA Sports
Antengene-B
Archosaur Games
Ascentage Pharm-B
Asia Cement (China)
AsiaInfo Tech
ASM Pacific
Ausnutria Dairy
Autohome
AviChina Ind
BAIC Motor
Baidu
BAIOO
Bank of China
Bank of Chongqing
Bank of Comm
Bank of East Asia
Bank of Qingdao
Baofeng Modern
Baozun Inc.-SW
Bay Area Dev
BC Technology
BeiGene
Beijing Airport
Beijing Energy
Beijing Ent
BetterLife Holding
Bilibili-SW
Billion Ind
Binjiang Service
BJ Clean Energy
BJ Ent Water
Blue Moon
BOC Aviation
BOC Hong Kong xd
Bosideng Int'l
Brii-B
Brilliance China
Bud APAC
BYD
BYD Electronic
C&D Intl xd
C&D Prop Mgt
C-Mer Eye Care
Cafe de Coral
CanSino Bio
Canvest Enviro xd
CardioFlow-B
CARsgen-B
Cathay Med & Edu
Cathay Pac Airways
CC Land Hold
CC New Life
CCB
CEB Bank
CEB Greentech
Central China
Central China Mgt
CG Services
CGN New Energy
CGN Power
Ch Energy Eng
Ch General Edu
Ch Grand Pharm
Ch Modern Dairy
Ch O G Oceans
Chalco
Champion Reit xd
Chaoju Eye Care
Cheerwin Group
China Aoyuan
China Bohai Bk
China Cinda Asset
China Coal
China Comm Cons
China Comm Svc
China CRSC
China Dili
China Dongxiang
China East Airlines
China East Edu
China EB xd
China EB Int'l
China Edu Gp
China Evergrande
China Feihe
China Foods
China Galaxy Sec
China Gas
China Gold Int'l
China Hongqiao
China Huarong
China Int'l Capital
China Jinmao
China Lesso
China Life
China Lilang
China Literature
China Log Prop
China Longyuan
China Med Sys
China Mer Bank
China Mer Land
China Mer Port
China Mer Sec
China Mobile
China Molybdenum
China NF Mining
China O'seas Prop
China Oilfield
China Oriental xa
China Overseas xd
China Power
China Rail Cons
China Railway
China Reinsurance
China Res Beer
China Res Cement xd
China Res Gas
China Res Land
China Res Mixc
China Res Pharm
China Res Power
China Risun Gp
China SCE Gp
China SDHS Fin
China Shengmu
China Shenhua
China South Air
China South City
China State Cons xd
China Suntien xd
China Taiping
China Telecom
China Tianrui
China Tobacco
China Tower
China Transmission
China Travel HK
China Unicom
China Vanke
China VAST
China Water
China Youzan
China Zhongwang
Chinasoft Int'l
Chinese Estate H
Chong Hing Bk
Chong Kin
Chow Sang Sang
Chow Tai Fook
CIFI Ever Sunshine
CIFI Holdings
CIMC
CIMC Enric
CITIC xd
CITIC Bank
CITIC Securities
CITIC Telecom
Citychamp
CK Asset Hldg
CK Life Sciences
CKH Holdings
CKI Holdings
CLP Holdings
CMGE Technology
CNBM
CNOOC
COFCO Joycome
Comba
Conch Cement
Conch Venture
Cosco Ship Dev
COSCO SHIP Ports
COSCO Shipping
Cosmopolitan Intl
Country Garden xd
CP Pokphand
CPIC
CQRC Bank
CR Holdings
CR Medical
CRRC Corp
CRRC Times
Crystal Int'l
CSC Financial
CSOP A50 ETF
CSOP A50 ETF-R #
CSPC Pharma
CSSC Shipping
CStone Pharma
DaFa Properties xd
Dah Sing Bank
Dah Sing Financial
Dali Foods Group
Datang Group
Datang Power
Dexin China
Dexin Services
Differ Group
Digital China xd
Dongfeng Motor xb
Dongyue Group
Close
3.990
8.310
27.900
40.000
14.660
6.500
2.690
88.100
4.980
10.420
42.650
154.90
12.020
0.710
2.930
20.550
5.700
326.40
156.70
12.900
8.770
36.500
7.100
13.080
92.650
7.070
85.000
5.600
2.910
159.100
0.780
2.770
4.460
4.550
12.680
3.960
13.100
50.000
2.810
13.900
278.60
4.270
0.295
29.450
7.280
585.00
5.270
19.460
0.099
3.080
6.650
62.400
23.350
6.570
47.600
7.300
19.180
257.400
31.750
14.140
4.320
8.680
13.900
280.00
4.270
6.700
47.000
2.710
6.460
1.760
5.170
5.650
2.780
2.950
1.600
1.500
49.850
5.240
2.010
1.450
4.100
6.160
1.410
4.550
6.600
3.860
8.290
4.150
3.820
3.010
1.330
5.970
4.410
4.050
2.980
1.950
0.880
2.990
7.800
9.570
5.920
13.220
2.540
14.160
2.830
4.660
22.350
23.750
12.140
1.020
21.100
2.370
13.040
12.940
4.700
65.150
4.140
16.300
15.040
63.450
0.900
13.180
12.760
47.800
5.780
4.000
5.960
6.780
2.590
16.100
3.060
5.380
4.240
0.860
58.450
8.490
47.050
28.500
36.950
3.840
19.600
5.850
2.700
0.495
0.530
17.580
4.230
0.670
6.620
6.400
11.760
2.620
6.190
15.580
1.040
6.740
1.110
4.050
18.700
2.300
8.330
1.000
1.680
13.320
2.360
20.900
0.520
11.240
16.080
13.540
4.550
18.120
10.440
9.430
3.540
20.150
2.720
1.350
46.150
0.750
52.500
43.550
75.650
3.370
12.100
8.070
2.370
2.010
46.750
32.950
1.650
6.380
14.160
1.020
6.970
0.940
22.900
2.930
20.250
6.500
3.740
38.250
2.890
8.960
17.450
14.490
9.640
1.370
12.320
5.630
7.600
24.100
4.190
4.650
1.360
2.820
3.390
2.240
4.490
7.360
23.500
Index
30-day moving average
Past three months
Hong Kong gold
Gold (Lon spot)
Silver (Lon spot)
Platinum (Lon spot)
Palladium (Lon spot)
Fix (per oz)
HK$16,350 (tael)
US$1,754.16
US$22.39
US$941
US$2,016.27
24,920.76
W1,285.15
(W4.9%)
23,000
Key indicators
PHYSICAL (HK$)
99 gold (1 tael)
London gold (1 oz)
London silver (10 oz)
Zurich platinum (1 oz)
Great Wall silver (10 tael)
Buy
16,214
13,624
1,739
7,288
2,043
Sell
16,294
13,659
1,757
7,438
2,123
INDUSTRIAL
Last
Aluminium (US$/tonne)
Copper (US$/tonne)
Lead (US$/tonne)
Nickel (US$/tonne)
Tin (US$/tonne)
Zinc (US$/tonne)
Nymex (US$/barrel)
Brent (US$/barrel)
Nat gas (£/MWh)
2,885.50
9,312.00
2,181.00
19,358.00
34,140.00
3,088.00
71.97
75.34
162.80
Wk ch
-42.00
-375.50
-122.00
-1032.00
+590.00
-20.00
+2.25
+2.42
+17.28
Cotton (US¢/lb)
Rubber (US¢/kg)
Sugar (US$/tonne)
Palm oil (RM/tonne)
Rice (US$/cwt)
Wheat (US$/bushel)
Soyabean (US$/bushel)
Corn (US$/bushel)
Cocoa (US$/tonne)
Coffee (US¢/lb)
Stock
AAC Tech
AIA
Alibaba Health
Alibaba-SW
Anta Sports
Bank of China
BOC HK
Budweiser APAC
BYD
CCB
China Life Ins
China Mengniu Dairy
China Mobile
China Overseas
China Res Land
China Unicom
Citic
CK Asset Holdings
CKH Holdings
CKI Holdings
CLP Holdings
China Merchants Bank
CNOOC
Country Garden
Country Garden Serv
CSPC Pharma
Galaxy Entertain
Geely Auto
Haidilao International
Hang Lung Prop
Hang Seng Bk
W446.37
8,940.47
Past 15 days
9,900
4,100
8,300
545
Advanced
Declined
Unchanged
3,600
Red-chip index
W138
3,904.77
1,674
Sources: Thomson Reuters, HKEx
Code Share
Close
6889 Dynam Japan
8.150
2048 E-House (China)
1.250
2138 EC Healthcare
11.440
382 Edvantage Gp
4.960
3709 EEKA Fashion
10.980
2688 ENN Energy
141.00
1821 ESR Cayman
23.950
1952 Everest Med-B
65.400
6666 Evergrande Prop
4.600
708 Evergrande Vehicle
2.980
6989 Excellence CM
5.300
1777 Fantasia Holdings
0.550
35
Far East Consortium 2.640
3360 Far East Horizon
8.500
6288 Fast Retail-Drs
54.700
2038 FIH Mobile
1.150
1909 Fire Rock
2.800
142 First Pacific
2.740
6088 FIT Hon Teng
1.530
6865 Flat Glass
35.750
778 Fortune Reit
7.740
656 Fosun Int'l
9.340
2196 Fosun Pharm
46.250
1992 Fosun Tourism
10.000
6820 FriendTimes
1.240
1521 Frontage Hldg
5.550
1448 Fu Shou Yuan
6.490
546 Fufeng Group xd
2.850
3606 Fuyao Glass
44.650
27
Galaxy Entert
40.150
1772 Ganfeng Lithium
147.60
6968 Ganglong China Ppt
4.230
3800 GCL-Poly Energy
1.980
9698 GDS Holdings-SW
58.600
175
Geely Auto
25.750
535 Gemdale Properties 0.830
1548 Genscript Bio
33.700
1776 GF Securities
14.680
6616 Global New Material
5.950
1282 Glory Sun Fin
0.250
3308 Golden Eagle
6.860
2208 Goldwind
17.540
493 GOME Retail
0.750
1271 Grand Ming
7.880
41
Great Eagle H
22.050
2333 Great Wall Motor
30.950
337 Greenland HK
1.930
3900 Greentown China
10.340
9979 Greentown Mgt
3.430
2869 Greentown Ser
7.590
270 Guangdong Inv
10.480
2238 Guangzhou Auto xd
7.870
53
Guoco Group
88.950
1788 Guotai Junan
1.330
2611 Guotai Junan Sec
11.640
1112 H&H Int'l Hldg
19.080
6862 Haidilao Int'l
31.300
6690 Haier Smart Home 28.200
1882 Haitian Int'l
29.250
665 Haitong Int'l
2.090
6837 Haitong Securities
7.270
1905 Haitong UniTrust
1.170
10
Hang Lung Group
18.100
101
Hang Lung Ppt
17.860
11
Hang Seng Bank
136.600
3347 Hangzhou Tigermed 174.00
3692 Hansoh Pharma
20.550
3836 Harmony Auto
4.450
2142 HBM Holdings-B
7.200
6609 HeartCare-B
104.00
9869 Helens International 23.000
12
Henderson Land
33.350
1044 Hengan Int'l
41.300
136 HengTen Networks
2.320
2696 Henlius-B
25.250
921 Hisense Home App
8.650
3
HK & China Gas
12.300
1725 HK Aerospace Tech
33.600
2638 HK Electric-SS
7.500
1137 HK Tech Venture xd
10.320
45
HK&S Hotels
7.090
1310 HKBN
9.500
388 HKEX
491.800
6823 HKT-SS
10.760
3798 Homeland Inter
2.440
1765 Hope Education
1.240
754 Hopson Dev Hold
27.700
2833 HS HSI ETF xd
25.280
5
HSBC Holdings
40.250
2828 HSCEI ETF xd
90.920
82828 HSCEI ETF-R # xd
75.040
1347 Hua Hong Semi
41.450
2552 Hua Medicine-B
4.530
336 Huabao Int'l xd
16.020
902 Huaneng Power
3.880
1003 Huanxi Media
1.480
6886 Huatai Securities
12.300
419 Huayi Tencent Ent
0.201
1179 Huazhu Group
35.550
87001 Hui Xian Reit #
1.490
9968 Huijing Holdings
1.970
2127 Huisen Int'l
2.540
3698 Huishang Bank
2.560
215
Hutch Tel HK
1.200
13
HUTCHMED (China)
60.100
6078 Hygeia Healthcare
59.900
14
Hysan Dev
25.200
1398 ICBC
4.340
799 IGG
8.080
1970 IMAX China
11.040
6978 Immunotech Biop
16.040
9969 Innocare -B
20.600
1801 Innovent Biologics
66.500
1760 Intron Tech
4.740
1167 Jacobio - B
22.100
6618 JD Health
79.950
2618 JD Logistics
31.950
9618 JD.com-SW
307.40
1935 JH Education
1.750
6998 JHBP-B
10.200
177
Jiangsu Express
7.810
358 Jiangxi Copper
15.620
2768 Jianyuan Int'l
3.080
2362 Jinchuan Group
1.160
9666 Jinke Services
39.600
1951 Jinxin Fertility
12.780
9922 Jiumaojiu Int'l
23.200
3306 JNBY Design
18.500
179 Johnson Elec H
16.880
6127 JOINN Lab
106.00
207 Joy City Property
0.415
6988 Joy Spreader Gp
2.300
1691 JS Global Life
16.780
1877 Junshi Bio
42.750
2126 JW Therap-B
18.380
2231 JY Grandmark
2.830
173
K Wah Int'l xd
3.180
1638 Kaisa Group
2.000
9997 Kangji Medical
10.260
2205 Kangqiao Service
3.600
1888 KB Laminates
13.860
1890 Kepei Edu
4.220
636 Kerry Log Net
18.260
683 Kerry Properties
24.100
2162 Keymed Bio-B
51.900
9960 Kindstar Global
6.330
148 Kingboard Hold
36.150
268 Kingdee Int'l
24.550
3888 Kingsoft Corp
30.300
1031 Kingston Finl
0.430
SCMP
Wk Wk % Wk V
52-week
chg
chg ’000 high
low
+0.24 +3.03
2,327
8.53 6.60
-0.43 -25.6 34,680 12.20 1.26
+0.24 +2.14 20,489 16.26
4.31
-0.47 -8.66 7,192 10.68 4.75
-0.02 -0.18 4,060 19.45 8.93
-9.7 -6.44 16,979 178.80 79.27
-0.05 -0.21 23,559 30.35 21.90
+8.65 +15.24 3,632 104.80 45.20
-0.1 -2.13 523,458 19.74
3.93
-2.56 -46.21 541,447 72.45 3.24
-0.61 -10.32 4,284 12.04 5.25
-0.09 -14.06 40,615 1.64 0.54
-0.17 -6.05 3,184 3.25 2.07
-0.35 -3.95 68,531 9.58
6.15
+1.45 +2.72
5 80.80 45.65
-0.05 -4.17 28,395
1.48
0.77
+0.05 +1.82 106,705 3.64
1.01
-0.23 -7.74 21,046 3.30 1.97
-0.13 -7.83 17,406 4.43 1.49
-3.8 -9.61 41,584 45.40 15.14
-0.41 -5.03 19,930 8.88 6.36
-0.84 -8.25 33,672 13.42 8.45
-1.75 -3.65 32,192 82.00 30.90
-1.3 -11.5 7,325 16.20 6.21
-0.15 -10.79 6,857 3.10
1.25
-0.05 -0.89 29,240
9.18
3.32
-0.33 -4.84 23,060 8.68
6.33
-0.092 -3.13 9,940
3.87
2.24
-0.95 -2.08 16,625 68.90 25.35
-12.55 -23.81 312,924 80.30 38.30
-11 -6.94 30,991 185.00 36.20
-0.31 -6.83 37,103 6.06 3.94
- 3.88 0.29
-3.8 -6.09 5,643 118.70 46.55
-1.4 -5.16 228,164 36.45 14.72
-0.06 -6.74 147,155
1.37 0.77
-0.35 -1.03 41,538 43.40 9.66
-0.9 -5.78 42,851 16.20 9.39
-0.13 -2.14 3,370
7.18
3.20
-0.025 -9.09 59,376 0.43 0.21
-0.04 -0.58
517
7.42 6.68
+0.88 +5.28 83,757 19.50 6.50
-0.08 -9.64 332,563 2.55 0.71
+0.23 +3.01
214 8.63
4.13
-2.45
-10 3,061 30.35 16.99
-2.05 -6.21 136,291 39.00 9.02
-0.2 -9.39 16,070 2.96
1.83
-2.14 -17.15 71,055 15.70 8.09
-0.17 -4.72 13,897
5.67
2.73
-0.8 -9.54 22,926 13.67 7.35
-0.48 -4.38 54,862 14.60 10.42
-0.49 -5.86 137,590 10.08 6.08
-0.75 -0.84
158 100.00 85.00
- 34,996
1.73 0.96
+0.1 +0.87 24,063 12.80
9.61
-2.27 -10.63 2,636 40.20 18.72
-2 -6.01 54,406 85.80 26.10
-2.05 -6.78 46,097 38.45 22.60
-0.15 -0.51 7,680 32.55 17.16
-0.13 -5.86 27,552 2.79
1.71
-0.09 -1.22 65,470
7.93
6.31
-0.02 -1.68 9,801
1.82
1.06
-0.76 -4.03 4,258 21.60 17.08
-0.16 -0.89 25,409 22.60 17.38
-3.3 -2.36 6,109 166.70 110.00
+15.2 +9.57 4,066 199.90 108.50
-1.05 -4.86 36,943 46.70 18.28
-0.04 -0.89 13,986
4.73 2.84
-0.63 -8.05
1,521 12.40
7.17
-34 -24.64
261 147.50 102.00
-1.3 -5.35 30,204 25.75 20.30
-1.05 -3.05 18,290 38.85 27.20
-1 -2.36 13,684 59.40 40.15
-0.97 -29.48 293,998 17.80 2.32
-2.65 -9.5
850 52.85 24.00
-1.18
-12 3,644 17.16 8.50
-0.22 -1.76 92,893 13.40 10.36
+1.45 +4.51
1,732 50.00
1.03
-0.26 -3.35 44,268
8.01
7.57
-0.52 -4.8 8,955 17.02
8.53
-0.57 -7.44
584 8.60 5.60
-0.28 -2.86 11,051 15.30
8.23
-12.2 -2.42 18,754 587.00 353.60
+0.08 +0.75 22,389 11.54 9.80
+0.26 +11.93 2,441 7.41 2.01
-0.12 -8.82 72,021 3.47
1.17
-2.8 -9.18 11,570 39.80 16.24
-1.33
-5 1,623 31.98 23.62
-0.65 -1.59 90,004 50.85 27.50
-4.23 -4.45 141,375 124.30 88.54
-3.601 -4.58
128 103.20 73.68
-3.6 -7.99 37,582 64.65 24.00
-0.24 -5.03 37,522
7.21 3.50
-0.896 -5.3 16,235 22.30 6.53
-0.25 -6.05 179,425 4.91 2.44
-0.05 -3.27 15,924
2.75
1.00
-0.48 -3.76 24,907 14.06 10.02
-0.025 -11.06 92,109 0.73 0.13
-3.95
-10 4,017 49.30 24.40
-0.13 -8.02 11,061 1.99 1.39
+0.04 +2.07 19,184
2.30
1.80
-0.16 -5.93 56,548 3.48 1.65
51
2.78 2.49
-0.03 -2.44 17,297
1.58 0.99
-1 -1.64
2,721 85.80 51.20
-3 -4.77 15,718 110.00 42.30
-2.8
-10 7,517 33.80 22.70
-0.13 -2.911,242,619
5.75 3.96
+0.05 +0.62 15,491 14.76 6.93
-0.44 -3.83
935 26.30 9.50
+0.16 +1.01 6,057 22.45 5.80
-0.65 -3.06 11,276 32.05 9.63
+2.3 +3.58 30,989 107.10 50.20
-0.49 -9.37 7,618 9.56 2.48
+2.18+10.94 17,826 25.35 13.00
+3.95 +5.2 70,221 198.50 58.00
-3.75 -10.5 27,267 48.15 24.90
-13.8 -4.3 30,208 422.80 236.40
-0.16 -8.38 8,280
5.21 1.66
-1.22 -10.68 2,430 32.20 9.71
-0.37 -4.52 14,863 9.98
7.57
-1.48 -8.65 101,561 23.70 8.40
-0.12 -3.75 30,310 4.00 2.94
-0.07 -5.69 230,830 2.00 0.63
-5.7 -12.58 11,864 90.00 36.80
-0.4 -3.03 41,911 24.55
9.21
-2.5 -9.73 33,432 38.67 16.23
-0.12 -0.64 5,009 21.50
7.28
-1.18 -6.53 2,074 26.95 14.86
+6.6 +6.64 2,674 138.00 86.85
-0.015 -3.49 60,010 0.56
0.41
-0.06 -2.54 44,032
5.05
2.16
-1.08 -6.05 31,748 26.50 13.00
-0.7 -1.61 3,565 97.15 39.20
-6.12 -24.98 56,072 52.80 15.50
-0.22 -7.21 5,628 3.50 2.77
-0.21 -6.19 14,641 4.17
3.11
-0.4 -16.67 137,082 4.40 1.95
-0.46 -4.29 17,011 24.50 9.20
-0.04
-1.1
188
3.79
3.42
-1.32 -8.7 34,105 19.59 8.78
-0.26 -5.8 3,242 6.43 3.66
-1.16 -5.97 12,293 19.80 9.55
-1.9 -7.31 14,013 27.50 18.72
-3.1 -5.64
129 79.80 46.15
-0.42 -6.22 2,190 9.78 6.04
-2.65 -6.83 7,266 46.92 24.19
-1.85 -7.01 41,013 39.50 18.46
-1.45 -4.57 27,548 79.50 27.55
-0.01 -2.27
427 0.74 0.43
PE
37.3
5.0
60.9
14.8
13.9
21.4
32.9
14.8
13.3
2.8
11.5
6.1
83.8
26.7
7.6
30.9
36.7
8.5
27.5
4.6
84.4
20.2
9.7
36.8
160.4
5.3
39.0
2.6
9.5
6.2
22.3
75.1
44.8
1.7
8.4
11.1
27.7
15.2
11.5
7.9
8.2
9.2
453.6
18.0
16.6
6.3
6.9
7.7
16.3
67.1
40.1
14.2
15.8
9.1
23200
6.4
38.2
480.0
24.3
50.5
128.2
54.0
15.6
6.6
39.7
4.5
27.0
69.7
100.8
82.2
8.7
8.1
16.9
9.0
3.0
16.0
133.9
4.3
4.7
44.1
9.0
13.6
20.7
3.2
62.4
27.0
103.8
220.7
12.0
9.2
90.9
4.9
29.6
20.8
8.2
3.0
2.0
33.2
15.3
12.7
11.2
6.5
8.5
3.5
134.4
Yield
4.5
5.0
1.4
2.1
3.5
2.1
5.3
12.9
7.2
4.2
0.6
0.5
6.0
0.5
6.4
2.4
1.1
9.7
1.7
4.9
2.0
0.2
5.0
0.8
11.7
3.7
8.1
1.7
3.6
6.0
2.2
15.5
4.0
5.8
2.6
5.6
3.1
2.3
7.6
5.8
4.0
0.1
1.5
4.8
9.9
4.2
6.4
4.6
4.3
4.3
0.2
0.4
1.8
5.4
6.7
4.7
2.8
4.3
0.8
8.1
1.9
6.7
1.2
5.8
2.9
4.2
2.6
2.6
0.9
5.6
3.9
8.9
2.5
3.1
22.7
0.2
5.7
7.4
8.4
3.4
0.7
6.5
7.1
0.8
5.0
0.1
1.5
0.2
8.1
3.0
0.3
7.2
1.6
4.4
6.6
7.8
0.4
5.8
2.8
42.3
15.2
7.1
1.0
-
Code
9939
1797
34
1024
135
1813
3913
973
1965
6999
2314
3396
992
2015
2331
1212
1302
2165
823
9959
1513
558
3380
960
3339
590
2186
95
323
1680
1999
945
1896
1317
1183
2192
1268
357
1357
3690
200
2319
1618
2282
853
3990
909
1988
1569
425
71
1208
1860
2155
66
1817
3918
2150
777
9999
2131
1336
2001
3658
9901
17
9911
1316
6606
2689
1475
9633
659
1477
316
1833
2343
1382
327
8
9996
2798
1830
857
3759
1339
2328
2318
6049
119
9992
3813
6
9909
1238
1913
1809
2378
1658
1478
6198
2777
9993
1337
1196
1622
1996
1881
9995
1098
3301
2207
486
338
1755
178
1910
1928
6611
631
606
6600
6913
251
1030
9929
2191
1787
2727
363
2607
69
691
6069
2066
548
152
604
2313
813
873
2599
86
16
697
639
272
242
460
2096
Share
Kintor Pharma-B
Koolearn Tech
Kowloon Dev
Kuaishou-W
Kunlun Energy
KWG Group xd
KWG Living
L'Occitane Int'l
Landsea Green Life
Leading Hldgs
Lee & Man Paper
Legend Holdings
Lenovo Group
Li Auto-W
Li Ning
Lifestyle Int'l
LifeTech Scientific
Ling Yue Ser
Link-Reit
Linklogis-W
Livzon Pharm
LK Technology
Logan Group
Longfor Group
Lonking Holdings
Luk Fook Holdings
Luye Pharma
LVGEM China
Maanshan Iron
Macau Legend
Man Wah Holdings
Manulife-S
Maoyan Ent
Maple Leaf
MECOM Power
Medlive Tech
MeiDong Auto xd
Meilan Airport
Meitu
Meituan-W
Melco Int'l Dev
Mengniu Dairy
Metallurgical
MGM China
MicroPort Sci
Midea Real Est
Ming Yuan Cloud
Minsheng Bank
Minsheng Edu
Minth Group
Miramar Hotel
MMG
Mobvista Inc.
Morimatsu Int'l
MTR
Mulsanne Gp
NagaCorp
Nayuki Holdings
NetDragon
NetEase, Inc.
Netjoy Holdings
New Ch Life Ins
New Higher Edu
New Hope Serv
New Oriental-S
New World Dev
Newborn Town
Nexteer Auto
NH Health-B
Nine Dragon Paper
Nissin Foods
Nongfu Spring
NWS Holdings
Ocumension-B
Orient Overseas
PA Gooddoctor
Pacific Basin
Pacific Textiles
PAX Global
PCCW
Peijia Medical
Perennial Energy
Perfect Medical
PetroChina
Pharmaron Beijing
PICC Group
PICC P&C
Ping An Insurance
Poly Ppt Services
Poly Property
Pop Mart Int'l
Pou Sheng Int'l
Power Assets
Powerlong CM
Powerlong Real Est
Prada
Prinx Chengshan
Prudential
PSBC
Q Technology
Qingdao Port
R&F Properties xd
Radiance Hldgs
Razer
Realord Group
Redco Group
Redsun Ppt
Regal Reit
Remegen-B
Road King Infra
Ronshine China
Ronshine Service
Rusal
S'hai Pechem
S-Enjoy Service
Sa Sa Int'l
Samsonite Int'l
Sands China
Sanxun Group
Sany Heavy Equ
SCE Intelligent CM
SciClone Pharma
SCVE Group
SEA Holdings
Seazen Group
SEM Holdings xd
SF Reit
Shandong Gold
Shanghai Electric
Shanghai Ind H
Shanghai Pharm
Shangri-La Asia
Shanshui Cement
Sheng Ye Capital
Shengjing Bank
Shenzhen Express
Shenzhen Int'l
Shenzhen Inv
Shenzhou Int'l
Shimao Group
Shimao Services
Shinsun Holdings
SHK & Co
SHK Properties
Shoucheng Hldg
Shougang Fushan
Shui On Land
Shun Tak Holdings
Sihuan Pharm
Simcere Pharma
Close
75.050
4.450
9.050
100.80
8.770
6.120
5.330
25.450
3.230
5.960
7.010
16.380
8.440
112.60
104.90
4.680
3.960
4.190
66.650
9.140
30.350
20.250
7.250
32.550
2.460
20.900
4.110
1.690
4.190
0.870
12.880
152.000
9.590
1.420
3.830
34.300
39.100
31.950
1.700
240.80
9.530
50.000
2.780
5.640
48.450
12.660
26.100
2.860
1.220
28.150
13.440
3.640
7.220
9.600
43.850
5.320
6.590
13.060
18.460
128.70
4.080
22.750
3.640
2.100
14.560
34.650
4.700
8.310
40.000
11.100
5.790
38.750
7.370
20.250
161.700
53.300
4.310
4.140
10.000
4.010
22.350
1.760
6.240
3.800
184.800
2.380
7.120
54.500
41.400
1.880
59.950
1.370
46.250
19.020
5.350
43.750
7.130
157.800
5.520
12.100
4.040
4.630
4.290
1.630
11.300
2.190
2.470
1.390
102.700
7.830
3.580
4.960
7.630
2.010
15.000
1.660
14.300
15.060
4.530
9.840
3.940
11.680
1.290
6.290
5.910
0.066
4.190
13.840
2.190
12.320
15.580
6.030
2.110
9.760
7.000
7.060
10.240
2.020
169.800
14.100
15.820
4.990
4.190
105.400
1.670
2.580
1.240
2.130
2.120
7.420
Wk Wk % Wk V
52-week
chg
chg ’000 high
low
PE Yield
+1.05 +1.42 20,550 89.00
7.20
-1.11 -19.96 67,995 37.20
3.71
-0.22 -2.37
1,535 9.95
7.14
13.3 9.0
+3.35 +3.44 162,328 417.80 64.50
-0.07 -0.79 135,382 9.00
3.43
10.6 31.6
-1.063 -14.8 77,818 14.18 6.05
2.5 17.7
-0.64 -10.72 48,505 10.50 4.90 23.8 1.3
-2.55 -9.11 2,901 31.15 13.00 26.4 1.3
-0.03 -0.92
417 7.40
3.14
+0.2 +3.47
9,153
9.23 5.09
4.5
-0.56 -7.4 20,063 8.70 5.29
8.7 4.7
-0.64 -3.76 16,237 18.12
9.21
8.4 2.7
+0.2 +2.43 197,540 11.60
4.81
11.4 3.6
-6.3 -5.3
1,361 121.60 101.80
+0.1 +0.1 68,539 108.20 33.95 128.3 0.2
-0.67 -12.52 6,283 7.46 4.63 50.8
-0.2 -4.81 56,548 5.98
1.87 67.9
-0.01 -0.24
1,227
5.50 4.09
-3.4 -4.85 34,538 78.70 58.80
- 4.4
-1.2 -11.61 15,498 25.10 8.75
-0.85 -2.72 3,604 42.00 26.75
14.0 5.0
-2.75 -11.96 33,943 26.18 0.42
-1.26 -14.81 37,570 13.76 7.14
2.6 14.8
-3.5 -9.71 46,812 53.60 32.35
8.1 5.6
-0.07 -2.77 30,530
3.58
1.97
4.6 13.4
-0.55 -2.56
1,574 27.87 16.33
12.1 7.2
-0.04 -0.96 31,658 7.00
3.50
15.8
-0.12 -6.63 22,540 2.80
1.71
2.1
-0.45 -9.7 81,835 4.80
1.72
13.8 3.7
-0.12 -12.12
5,157 1.44 0.86
-0.56 -4.17 43,734 22.75 9.60
25.6 2.0
+1 +0.66
60 170.80 103.10
8.6 4.5
-1.39 -12.66 11,335 19.30 9.03
-0.2 -12.35 22,096 2.52 1.40
7.1
-0.14 -3.53 28,463
5.28
1.03 139.3 1.3
+2 +6.19 2,122 39.45 26.55
-2.794 -6.67 13,119 48.40 25.00 53.4 1.1
+0.7 +2.24 15,838 49.45 21.65
-0.19 -10.05 37,749 4.50
1.33
-18.6 -7.17 101,491460.00 183.20 254.6
-2.59 -21.37 38,176 17.50 8.55
+1.65 +3.41 83,359 53.85 34.60
47.3 0.6
-0.45 -13.93 250,015 3.42
1.22
7.4 3.2
-2.57 -31.3 90,194 14.62 5.40
+1 +2.11 36,952 72.85 26.67
- 0.1
-1.5 -10.59
3,175 20.75 12.78
3.1 12.6
-4.5 -14.71 68,017 60.80 21.80
- 0.3
-0.5 -14.88 301,092 5.01 3.01
3.4 9.1
+0.01 +0.83 3,320
1.85 0.90
32.5 0.9
-2.25 -7.4 9,078 45.40 26.95 19.8 2.0
-0.54 -3.86
255 16.30 12.02 30.8 3.6
-0.35 -8.77 142,185 6.50
1.81
-0.04 -0.55 25,001 11.44
3.15
-0.74 -7.16 6,540 15.64 4.96
-0.15 -0.34 20,303 49.00 37.65
- 2.8
+0.24 +4.72 2,874
8.19 3.99
-0.52 -7.31 32,612 11.18
5.15 36.1 2.2
-0.62 -4.53 10,547 18.98
9.10
-0.4 -2.12
7,392 23.80 14.16
9.1 3.5
-9.026 -6.55 48,031 207.80 117.20 29.7 1.0
-0.07 -1.69 11,302 12.88
3.51 20.4
-1.3 -5.41 21,839 35.40 20.55
4.2 7.3
-0.15 -3.96
8,851
6.55 3.30
18.1 1.8
-0.06 -2.78
627 4.20
1.82
-2.88 -16.51 17,478 158.80 13.00
-1.5 -4.15 28,452 43.00 34.15 80.8 5.9
-0.12 -2.49 32,668 11.54
1.40 100.4
-0.35 -4.04 21,753 14.70
5.03
23.1 0.9
-0.95 -2.32 2,054 89.65 36.00
-0.58 -4.97 37,638 16.62
9.32
11.0 3.4
- 4,098 8.78 4.96 20.6 2.4
-0.2 -0.51 28,891 68.75 34.20 68.2 0.5
-0.27 -3.53 7,770
9.55
5.77 113.9 7.9
-0.2 -0.98 11,435 35.00 17.00
+3.7 +2.34 10,699 180.50 25.85
14.5 27.9
-4.5 -7.79 18,637 148.50 51.45
+0.01 +0.23 195,568 4.46
1.09
- 3.3
-0.01 -0.24 12,337
6.19 3.48
8.1 10.6
-0.16 -1.57 20,772 11.00 4.30
12.1 2.2
-0.1 -2.43 40,500 5.06 4.00
- 8.1
-0.55 -2.4 2,483 39.10 19.96
-0.12 -6.38 133,072 16.70 1.42
6.9 2.1
-0.35 -5.31 14,506 10.69 2.18 25.6 6.1
+0.39 +11.441,381,782 3.96 2.16
3.6 5.3
+5.2 +2.9
4,173 212.00 88.45 106.1 0.2
-0.17 -6.67 234,917 2.95 2.26
4.5 6.8
-0.38 -5.07 119,271 7.96 5.14
6.4 6.4
-5.5 -9.17 253,554 103.60 56.25
5.7 5.0
-3.35 -7.49 6,452 73.50 40.05 28.8 1.2
-0.2 -9.62 28,643 2.62 1.87
3.7 6.8
- 31,185 107.60 46.65 116.5 0.3
-0.12 -8.05 15,183 2.14 1.39 20.2
-1.2 -2.53 14,058 51.35 39.20
16.1 6.1
-1.68 -8.12 7,653 31.65 17.96 32.6 1.7
-0.53 -9.01 43,909 8.73 4.91
3.1 9.5
-3.1 -6.62 4,554 65.30 29.10
- 0.7
-0.13 -1.79
1,647 9.68 6.96
6.4 2.8
-2 -1.25
6 170.58 91.40
25.0 0.8
-0.32 -5.48 311,049 6.37 3.02
6.6 4.5
-0.62 -4.87 10,084 18.20 8.05
14.3 0.4
-0.11 -2.65 6,407
5.45 3.84
5.8 7.6
-1.3 -21.92 138,960 11.02 4.84
1.6 18.8
-0.01 -0.23 11,418
5.20
4.01
4.1 7.5
-0.15 -8.43 47,384 3.36
1.58 354.4
+0.58 +5.41 23,080 12.90 4.24 18.4
-0.05 -2.23 23,087 3.86
1.76
5.1 2.7
-0.19 -7.14 10,104 3.04 2.24
4.2 5.9
-0.1 -6.71 3,670 1.80
1.12
- 8.7
-2.5 -2.38 1,806 149.80 60.60
-0.99 -11.22 3,290 11.24 8.01
3.4 8.9
-0.55 -13.32 19,597 6.13 3.64
2.1 14.0
-0.05
-1 3,995
5.13 4.78
+0.45 +6.27 47,359 8.05 2.81 19.7
+0.02 +1.01 416,484
2.25
1.32 28.6 6.0
-1.92 -11.35 14,988 27.80 14.50 23.0 2.2
-0.15 -8.29 24,174 2.29 1.06
-1.22 -7.86 22,635 18.44 7.20
-11.49 -43.28 523,293 40.55 15.30
-0.07 -1.52
1,724 5.88 4.00
-0.42 -4.09 17,150 10.80
4.11 24.8 1.5
-0.43 -9.84 19,142 4.55 3.66
+0.18 +1.57 2,329 19.38
9.31
7.2
-0.11 -7.86
892 1.59 1.04
-0.41 -6.12
856 10.04 5.80 27.4 0.8
-0.93 -13.6 69,298 10.14 5.50
3.1 8.4
-0.007 -9.59 10,640
0.11 0.06
-0.14 -3.23 7,650 4.74
4.12
91.1
-0.4 -2.81 37,831 22.20 12.24
23.0 0.4
-0.07
-3.1 101,381
3.56
1.66
7.5 3.9
-0.66 -5.08 8,096 13.16 10.24
6.1 8.1
-0.62 -3.83 9,905 19.02 11.88
8.4 3.7
-0.47 -7.23 6,913 9.06 5.92
-0.23 -9.83
779 2.49 1.74
2.5
+0.26 +2.74 14,219 11.02 5.00
22.5 0.7
131 7.40
5.31
43.7
-0.44 -5.87 14,699 8.64 6.65
6.4 7.3
-0.56 -5.19 17,489 12.95 10.02
5.6 9.4
-0.29 -12.55 49,134 2.98
2.11
4.8 8.9
-6.3 -3.58 16,564 207.60 123.50
42.5 1.3
-2.04 -12.64 114,239 36.60 13.38
3.3 12.8
-1.18 -6.94 46,019 27.55 11.42 39.9 0.7
-0.68 -11.99 6,405 6.56 4.84
4.0 4.0
-0.08 -1.87 4,314 4.45 2.98
3.3 6.2
-5.5 -4.96 24,062 126.00 96.30
13.0 4.7
- 19,836 2.88
1.59
17.4 5.8
-0.13 -4.8 74,271
2.95
1.57
12.5 6.6
-0.09 -6.77 154,160 1.45 0.95
- 2.9
-0.23 -9.75 16,497 2.79 2.14 24.5
-0.07
-3.2 200,405
3.95 0.78
35.9 0.8
-0.48 -6.08 28,579 14.98 7.06 22.5 2.4
CAPITAL MARKETS
FUTURES
The following are the opening indicative counter
exchange rates for September 18, 2021
Currency
Sell Buy T.T. Buy O.D.
HK dollars to 100 units of foreign currency
Australian dollars
573.35
557.30
554.10
Brunei dollars
583.40
570.45
569.45
Canadian dollars
617.50
601.25
599.25
Swiss francs
843.05
826.50
825.20
Danish kroner
124.20
121.25
117.95
Euro
923.40
901.85
899.05
Indian rupees
11.21
9.91
9.56
Japanese yen
7.1770
6.9765
6.9650
Malaysian ringgit
189.20
183.95
183.20
Norwegian kroner
90.75
88.00
87.55
New Taiwan dollar
28.35
27.65
27.65
New Zealand dollars
553.90
541.25
539.25
Philippine pesos
15.99
15.18
14.88
Pakistan rupees
4.89
4.39
4.09
Chinese Onshore rmb
121.56
119.10
119.10
Chinese Offshore rmb in HK
121.52
119.05
119.05
Swedish kronor
90.90
88.39
87.89
Singapore dollars
583.15
570.70
569.70
Thai baht
23.70
23.04
22.89
US dollars
781.30
775.30
772.80
Korean won
0.6835
0.6330
0.6330
South African rand
53.85
51.40
51.00
HK dollars to one unit of foreign currency
Sterling
10.765
10.605
10.550
USD forward rates
1 month
781.30
775.20
2 months
781.30
775.20
3 months
781.30
775.20
6 months
781.35
775.15
Sterling forward rates
1 month
10.765
10.605
2 months
10.765
10.605
3 months
10.765
10.605
6 months
10.770
10.610
Source: Hong Kong Association of Banks
The free market rates for banknotes on September 18 were:
Last
Wk ch
Country
Unit
per
Buying
Selling
93.26
163.80
511.90
4,518
13.78
7.088
12.84
5.2725
2,660
188.15
-1.85
+4.50
+45.30
-107
+0.52
+0.3375
+0.087
+0.245
-53
+3.15
Australia
Britain
Canada
China
Denmark
Euro zone
India
Indonesia
Japan
Korea
Macau
Malaysia
New Zealand
Norway
Philippines
Singapore
S. Africa
Sweden
Switzerland
Taiwan
Thailand
United States
Dollar
Pound
Dollar
Yuan
Krone
Euro
Rupee
Rupiah
Yen
Won
Pataca
Ringgit
Dollar
Krone
Peso
Dollar
Rand
Krone
Franc
Dollar
Baht
Dollar
1
1
1
100
1
1
100
100
100
100
1
1
1
1
1
1
1
1
1
100
100
1
5.62
10.62
6.061
119.20
1.187
9.09
8.60
0.0377
7.04
0.629
0.941
1.716
5.448
0.854
0.148
5.73
0.43
0.86
8.297
26.00
22.40
7.757
5.71
10.79
6.151
121.00
1.257
9.18
13.60
0.0677
7.14
0.699
0.981
2.016
5.538
0.924
0.163
5.8
0.59
0.93
8.392
28.50
24.40
7.817
Generic near-month forwards.
All data as at Friday close.
Data suppliers: Metals LME; hydrocarbons
Nymex, IPE; steel Metal Bulletin European
exports; cotton, rice grains CBOT; rubber, SGX;
palm oil, Kuala Lumpur Futures Exchange; sugar
Liffe
H-share index
HSI constituents’ performance
159
BANKNOTE RATES
AGRICULTURAL
158.6
229.77
25,900.68
24,424.74
W1,179
W1,211
W446.37
W138
11.44
Ping An Ins
Alibaba Health
Wharf Reic
Longfor Group
Xinyi Glass
Country Garden
Country Garden Services
Galaxy Entertain
Sands China
Stock performers
BULK RATES
Wk ch
-370
-40.44
-1.33
-14.50
-122.73
PetroChina
-9.17
-9.35
-9.6
-9.71
-10.54
-15.18
-17.94
-23.81
-43.28
31,000
COMMODITIES CURRENCIES
PRECIOUS METALS
S&P/HKEx LargeCap Index
S&P GEM Index
Finance
Utilities
Properties
TECH
Commerce & Industry
Hang Seng Composite Index
Hang Seng LargeCap Index
Hang Seng MidCap Index
Hang Seng SmallCap Index
HS Energy
HS Materials
HS Industrial Goods
HS Consumer Discretionary
HS Consumer Staples
HS Healthcare
HS Telecommunications
HS Utilities
HS Financials
HS Properties & Construction
HS Information Technology
HS Conglomerates
Top HSI movers (%)
Hang Seng Index
Turnover (Weekly
(HK$b) avg, HK$b)
Volume (Weekly
(b shares)
avg, b shares)
High
Low
Sep futures
24,784
Oct futures
24,771
H-share index
8,940.47
Red-chip index
3,904.77
Settlement
Month
price
One-month Hibor
Oct-21
99.91
Nov-21
99.91
Dec-21
99.91
Jan-22
99.91
Feb-22
99.91
Mar-22
99.91
Three-month Hibor
Oct-21
99.84
Nov-21
99.84
Dec-21
99.82
Mar-22
99.80
Jun-22
99.77
Sep-22
99.72
Chg
Vol.
O.I.
-
-
-
-
-
-
USD Deposits
0.01/0.26
0.10/0.25
0.05/0.25
0.06/0.26
0.07/0.27
0.10/0.30
0.16/0.36
HKD Deposits
-0.12/0.12
-0.11/0.04
0.01/0.11
0.05/0.15
0.07/0.17
0.17/0.27
0.27/0.37
DEPOSIT RATES
Currencies
Saving
1 Wk
1M
3M
Australia
0.0010 0.0010 0.0010 0.0010
Britain
0.0010 0.0010 0.0010 0.0010
Canada
0.0010 0.0100 0.0100 0.0100
China
0.1000 0.2500 0.2500 0.3000
Denmark
0.0010 0.0010 0.0010 0.0010
Europe
0.0010 0.0010 0.0010 0.0010
Hong Kong
0.0010 0.0010 0.0100 0.0100
Japan
0.0001 0.0001 0.0001 0.0001
N Zealand
0.0010 0.0010 0.0010 0.0010
Norway
0.0100 0.0100 0.0100 0.0100
Sweden
0.0010 0.0010 0.0010 0.0010
Switzerland
0.0010 0.0010 0.0010 0.0010
Thailand
0.0010 0.0100 0.0100 0.0100
US
0.0010 0.0010 0.0100 0.0100
All interest rates are for indication only
6M
0.0010
0.0010
0.0500
0.3000
0.0010
0.0010
0.0250
0.0010
0.0010
0.1000
0.0010
0.0010
0.0100
0.0250
CURRENCY FORWARDS
EUR/USD
USD/JPY
GBP/USD
USD/CHF
AUD/USD
USD/CAD
USD/HKD
Spot
1.1725
109.9600
1.3738
0.9323
0.7265
1.2766
7.7818
1M
1.1732
109.9319
1.3739
0.9316
0.7266
1.2766
7.7810
3M
1.1745
109.8810
1.3740
0.9302
0.7268
1.2767
7.7801
6M
1.1772
109.7465
1.3743
0.9277
0.7271
1.2766
7.7790
US dollar
Overnight
1 week
1 month
2 month
3 month
6 month
1 year
Sterling
Overnight
1 week
1 month
2 month
3 month
6 month
1 year
Euro
Overnight
1 week
1 month
Code
2103
1177
83
3377
6677
297
386
2386
934
1099
598
3808
1696
1308
880
59
751
315
981
6969
410
2840
2005
2888
1836
2125
6808
1918
1516
1686
6900
435
2382
6806
19
87
1972
89
1070
669
700
6868
2678
990
28
1600
826
1773
819
1233
9928
322
3613
780
6100
6110
1083
2800
570
62
696
9961
168
247
220
467
3933
2666
2177
806
2500
2148
3331
345
1873
8032
3738
856
303
151
2338
1066
2013
2233
288
4
1997
369
6068
305
2359
2269
1128
2400
520
1810
1799
3868
868
968
9868
1368
1585
3668
1171
9923
2209
2158
1579
2858
3669
9858
551
123
405
6626
1052
6169
9987
376
1628
6060
9688
2098
185
1818
6622
576
6158
6958
2016
2772
881
3633
1458
1176
2899
1157
763
2057
2190
Close
40.00
88.10
12.02
154.90
156.70
2.77
23.35
19.18
257.40
5.65
12.94
50.00
47.80
16.10
28.50
4.05
9.43
46.15
52.50
43.55
75.65
63.45
8.07
6.97
49.85
9.64
40.15
25.75
31.30
17.86
136.60
Wk ch
-1.35
-7.20
-1.24
-13.00
-10.10
-0.05
-0.45
+0.04
-4.20
-0.12
-0.48
+1.65
-1.00
-1.35
-1.80
-0.12
-0.53
-2.65
-2.75
-0.75
-1.00
-5.70
-1.25
-10.90
-0.15
-12.55
-1.40
-2.00
-0.16
-3.30
Share
Close
Sinic Holdings
3.850
Sino Biopharm
6.360
Sino Land
10.700
Sino-Ocean Group
1.410
Sino-Ocean Svc
5.030
Sinofert Holdings
1.480
Sinopec Corp
3.870
Sinopec Engine xd
3.900
Sinopec Kanton xd
2.990
Sinopharm
20.550
Sinotrans
3.520
Sinotruk (HK)
13.720
Sisram Med
13.900
SITC Int'l
32.800
SJM Holdings
5.290
Skyfame Realty
0.930
Skyworth Group
2.330
SmarTone Telecom
4.500
SMIC
22.650
Smoore Int'l
34.900
SOHO China
2.000
SPDR Gold
1282.50
SSY Group xd
4.380
Std Chartered
47.350
Stella Holdings
10.260
Strawbear Ent
3.690
Sun Art Retail
3.660
Sunac China
14.500
Sunac Services
14.100
Sunevision
7.730
Sunkwan Ppt
2.610
Sunlight Reit
4.670
Sunny Optical
225.400
SWHY
2.000
Swire Pacific `A'
49.100
Swire Pacific `B'
7.840
Swire Properties
19.860
Tai Sang Land xd
4.150
TCL Elec
4.060
Techtronic Ind
160.200
Tencent
461.80
Tenfu
5.100
Texhong Textile xd
11.220
Theme Int'l
0.920
Tian An China
4.500
Tian Lun Gas
7.330
Tiangong Int'l
5.150
Tianli Edu
2.080
Tianneng Power
8.830
Times China
6.150
Times Neighborhood 3.870
Tingyi
14.460
Tong Ren Tang CM
10.200
Tongcheng-Elong
17.620
Tongdao Liepin
11.400
Topsports Int'l
9.590
Towngas China
5.010
Tracker Fund
25.580
Traditional C Med
3.600
Transport Int'l
13.920
TravelSky Tech
14.300
Trip.com-S
225.20
Tsingtao Brewery
61.000
TST Properties
24.000
U-Presid China
7.470
United Energy
1.020
United Lab xd
5.450
Universal Medical
5.990
UNQ Holdings
5.620
Value Partners
4.020
Venus Medtech-B
42.150
Vesync
11.180
Vinda Int'l
22.450
Vitasoy Int'l
19.760
Viva Biotech
6.400
Viva China
1.600
Vobile Group
6.820
VSTECS Holdings
7.170
VTech Holdings
72.000
Want Want China
5.530
Weichai Power
17.640
Weigao Group
13.660
Weimob
12.160
West China Cement
1.390
WH Group
5.730
Wharf (Holdings)
26.250
Wharf REIC
37.200
Wing Tai Prop
4.290
Wisdom Edu Intl
1.520
Wuling Motors
1.350
WuXi AppTec
178.60
WuXi Biologics
123.100
Wynn Macau
6.100
XD Inc.
43.750
Xiabuxiabu
7.350
Xiaomi-W
23.000
Xinte Energy
21.550
Xinyi Energy
4.470
Xinyi Glass
26.300
Xinyi Solar
17.080
XPeng Inc.-W
147.900
Xtep Int'l
13.800
Yadea Group
12.780
Yancoal Australia
18.900
Yanzhou Coal
15.000
Yeahka
30.750
YesAsia Holdings
1.780
Yidu Tech
30.600
Yihai Int'l
41.400
Yixin Group
1.590
Yongda Auto
12.100
Youran Dairy
4.990
Yue Yuen Ind
16.180
Yuexiu Property
7.290
Yuexiu Reit
3.620
Yuexiu Services
3.640
Yuexiu Transport
4.500
YuHua Edu
3.640
Yum China-S
429.80
Yunfeng Financial
2.210
Yuzhou Group
1.100
ZA Online
33.850
Zai Lab-SB
984.50
Zall Smart
0.485
Zensun Ent
4.500
Zhaojin Mining
5.870
Zhaoke Ophth-B
7.660
Zhejiang Express
6.080
Zhenro Ppt
4.130
Zhenro Services
4.900
Zheshang Bank
3.390
Zhongliang Hold
4.220
Zhongsheng Group 62.050
Zhongyu Gas
6.550
Zhou Hei Ya
7.470
Zhuguang Hold
1.700
Zijin Mining
10.640
Zoomlion Hvy Ind
8.020
ZTE Corp
27.300
ZTO Express-SW
239.00
Zylox-Tonbridge-B
40.950
0.04113
0.03900
0.04838
0.05588
0.07088
0.10813
0.25750
-0.59186
-0.58157
-0.57429
2 month
3 month
6 month
1 year
Yen
Overnight
1 week
1 month
2 month
3 month
6 month
1 year
Swiss franc
Overnight
1 week
1 month
2 month
3 month
6 month
1 year
-0.10000
-0.09250
-0.08100
-0.05433
-0.08983
-0.06267
0.06083
-0.78780
-0.82260
-0.78980
-0.76340
-0.75700
-0.71940
-0.58920
HIBOR
Period
Fixings
Period
Fixings
Overnight
…… 0.03455
2 months ……
0.11607
1 week
…… 0.03946
3 months ……
0.14071
2 weeks
…… 0.04804
6 months ……
0.23875
1 month
…… 0.06339
12 months ……
0.33339
HK dollar interest settlement rates fixings on Friday
HKD MARKET RATES
US ($)
Japan (¥)*
Euro (€)
UK (£)
Switzerland (SFr)
Canada (C$)
Australia (A$)
China (yuan)
Indonesia (Rupiah)*
Malaysia (RM)
Philippines (peso)
New Zealand (NZ$)
Singapore (S$)
South Korea (won)*
Taiwan (NT$)
Thailand (baht)
India (rupee)
S Africa (rand)
* per 100 units. Rates on Saturday
Bid
7.7818
7.0750
9.1240
10.6906
8.3424
6.0938
5.6535
1.2033
0.0547
1.8648
0.1554
5.4784
5.7673
0.6575
0.2798
0.2333
0.1056
0.5295
Ask
7.7821
7.0772
9.1250
10.6949
8.3472
6.0960
5.6553
1.2036
0.0547
1.8662
0.1555
5.4825
5.7696
0.6591
0.2801
0.2334
0.1056
0.5300
Coupon Frq
…………………………………
…………………………………
…………………………………
…………………………………
…………………………………
…………………………………
Yield
0.00%
0.00%
0.00%
0.01%
0.02%
0.03%
EXCHANGE FUND
Terms
2 years
3 years
4 years
5 years
7 years
10 years
15 years
Exchange Fund notes/bonds
Issue no
02Y2302
15Y2208
10Y2306
10Y2406
10Y2206
10Y2412
15Y2908
Coupon
0.16
4.65
1.09
1.96
0.97
1.84
2.24
Price
100.13
104.34
101.71
104.62
100.71
104.80
109.55
Yield
0.066
0.03
0.087
0.246
0.021
0.341
0.989
GOVERNMENT BONDS
Dur.
Yield
Wk ch
ON
1y
5y
10y
15y
-0.120
0.060
0.560
1.092
1.475
-0.020
0.022
-0.005
-0.009
ON
1y
5y
10y
20y
2.107
2.327
2.727
2.892
3.485
-0.002
0.057
0.019
0.008
0.005
ON
1y
5y
10y
30y
0.010
0.071
0.862
1.363
1.903
-0.003
0.046
0.020
-0.010
ON
1y
5y
10y
30y
0.000
-0.115
-0.085
0.065
0.675
-0.010
0.007
0.016
0.010
HK
China
US
Japan
3,800
Avg.turnover
Turnover
659.4
b yuan
3,300
SHANGHAI A SHARES
Index
Composite
TO (b yuan)
659.40
Close
3,613.97
Ch ytd %
+10.5
Wk chg
-89.14
Wk high
3,723.85
Wk ch %
-2.41
Wk low
2,411.02
Index
Composite
TO (b yuan)
771.13
Close
2,446.05
Ch ytd %
+11.85
Wk chg
-55.97
Wk high
7,460.2
Wk ch %
-2.24
Wk low
2,437.56
Index
S&P ASX200
TO (A$b)
8.05
Close
7,403.7
Ch ytd %
+25.84
Wk chg
-2.9
Wk high
7,487.6
Wk ch %
-0.04
Wk low
1,617.31
Index
SET
TO (b baht)
85.29
Close
1,625.65
Ch ytd %
+26.57
Wk chg
-9.7
Wk high
6,133.25
Wk ch %
-0.59
Wk low
1,620.84
Index
Composite
TO (tr rupiah)
5,327.45
Close
6,133.25
Ch ytd %
+21.73
Wk chg
+38.38
Wk high
6,137.67
Wk ch %
+0.63
Wk low
1,543.08
Index
FBM KLCI
TO (m RM)
3,163.67
Close
1,548.51
Ch ytd %
+2.34
Wk chg
-27.46
Wk high
6,979.92
Wk ch %
-1.74
Wk low
1,548.89
Index
Composite
TO (b pesos)
7.07
Close
6,912.85
Ch ytd %
+16.31
Wk chg
-57.66
Wk high
59,737.32
Wk ch %
-0.83
Wk low
6,861.01
Index
Sensex
TO (b rupees)
62.25
Close
59,015.89
Ch ytd %
+50.48
Wk chg
+710.82
Wk high
59,204.29
Wk ch %
+1.22
Wk low
3,112.51
Index
Composite
TO (tr won)
15.74
Close
3,140.51
Ch ytd %
+30.52
Wk chg
+14.75
Wk high
3,167.68
Wk ch %
+0.47
Wk low
3,054.6
Index
STI
TO (S$m)
1,288.02
Close
3,071.23
Ch ytd %
+22.81
Wk chg
-27.57
Wk high
17,408.71
Wk ch %
-0.89
Wk low
3,052.78
Index
Weighted
TO (NT$b)
268.59
Close
17,276.79
Ch ytd %
+34.21
Wk chg
-197.78
Wk high
30,541.99
Wk ch %
-1.13
Wk low
17,254.1
Index
Nikkei-225
TO (b yen)
3,996.26
Close
30,500.05
Ch ytd %
+30.79
Wk chg
+118.21
Wk high
30,795.78
Wk ch %
+0.39
Wk low
13,079.51
Index
NZX 50
TO (NZ$m)
352.25
Close
13,234.55
Ch ytd %
+12.38
Wk chg
+170.16
Wk high
13,178.47
Wk ch %
+1.3
Wk low
13,034.71
SHENZHEN A SHARES
Wk ch
-0.16
-3.30
-1.05
-1.00
-0.22
-12.20
-0.65
-0.13
+0.10
-3.40
-3.50
-18.60
-0.15
-1.50
+0.39
-5.50
-1.20
-11.49
-6.30
-5.50
-0.43
+0.03
-7.20
-7.10
-28.20
-0.25
-3.95
-4.50
-1.10
-3.10
-0.92
Wk Wk % Wk V
52-week
chg
chg ’000 high
low
PE
-0.16 -3.99 8,283 4.58
3.79
6.0
-0.41 -6.06206,960 9.69 6.15 36.6
-0.44 -3.95 43,743 12.98 8.92
8.0
-0.18 -11.32 72,329 1.88 1.43
3.2
+0.27 +5.67 9,481 6.88
3.81 14.9
-0.17 -10.3 184,420 1.78 0.66
13.8
+0.03 +0.78 775,045 4.69
2.95
12.1
-0.201 -4.9 16,869
5.25
2.85
6.1
-0.03 -0.99 29,666
3.29
2.65
3.2
-0.4 -1.91 19,696 28.00 15.76
7.5
+0.15 +4.45 34,873
3.87
1.84
8.1
-1.1 -7.42 12,237 28.40 12.30
4.7
-0.42 -2.93 7,001 35.00
2.11
59.5
-2.2 -6.29 20,094 35.10 10.48
32.1
-2 -27.43 429,220 11.90 5.05
-0.02 -2.11 26,569
1.11 0.88
6.5
-0.06 -2.51 113,470
2.74
1.97
4.0
-0.12 -2.6
2,180
5.12 4.08
11.3
-0.95 -4.03 110,443 31.95 16.74 26.6
-6.7 -16.11 102,538 90.00 31.20 67.0
-1.5 -42.86 673,625 4.78 1.96 16.5
-29.5 -2.25
57 1431.0 1222.5
-0.25 -5.4 35,056 8.29 3.82
21.7
-0.9 -1.87
1,397 56.85 33.30 58.9
+0.17 +1.68
1,754 12.26
7.07 625.6
-0.65 -14.98 5,856 15.30 3.57 68.1
-0.35 -8.73 80,926 10.30 3.73 10.2
-4.2 -22.46 361,959 35.90 13.50
1.6
-3.72 -20.88 139,496 29.40 11.46 47.6
-0.3 -3.74 9,559
8.73
5.83 39.8
+0.01 +0.38 16,852
2.81
2.21
9.8
-0.32 -6.41 63,407 5.07 3.29
-7.2
-3.1 17,481 259.40 114.90 42.8
-0.16 -7.41 109,477 2.60 1.87
5.5
-2.7 -5.21 4,334 64.60 35.10
-0.42 -5.08 2,033 10.10 6.28
-0.79 -3.83 13,312 25.60 18.68 28.4
-0.08 -1.89
72 4.50
3.73
-0.43 -9.58 23,885 7.95 3.68
2.6
-7.1 -4.24 17,535 180.00 94.30
47.3
-28.2 -5.76 132,390 775.50 412.20 23.2
-0.12
-2.3
464 6.08
4.53
15.6
-0.38 -3.28 5,504 14.56
5.14
16.8
-0.16 -14.81 164,110 1.70 0.10 24.4
-0.28 -5.86 1,829 5.00 3.90 10.9
-0.36 -4.68 6,904 8.85 5.60
6.0
-0.3 -5.5 63,054 5.66 2.26 21.0
-0.24 -10.34 30,061 10.68 1.70
9.5
-1.27 -12.57 44,512 22.55 8.57
3.4
-0.84 -12.02 29,397 12.54 5.90
2.0
-0.5 -11.44 21,381 10.54 3.76
13.3
+0.32 +2.26 32,732 16.48 12.20
17.0
-0.44 -4.14 3,629 14.20
7.75
15.7
-1.32 -6.97 28,011 21.35 12.50 97.4
-2 -14.93 1,272 28.40 11.62 92.7
-0.39 -3.91 65,389 13.78
8.72
18.0
-0.31 -5.83 20,586 5.92
3.15
10.1
-1.26 -4.69 804,030 31.34 23.90
-0.18 -4.76 59,012
5.59 3.06
9.3
-0.3 -2.11
422 16.50 13.40
3.3
-0.88 -5.8 10,062 21.35 12.24 98.6
-25.4 -10.14 2,431 326.00 185.70
-4 -6.15 28,937 93.55 58.00 31.9
- 24.85 23.50
8.7
+0.01 +0.13 14,988 10.46 6.60
16.8
-0.06 -5.56 77,156 1.67 0.98 30.9
-0.142 -2.54 15,698 8.79
5.05
11.7
-0.35 -5.52 28,577 8.19 4.95
5.3
+0.12 +2.18
251 12.50 4.93
-0.32 -7.37 11,307 6.71
3.17
5.4
+1.9 +4.72 12,499 97.00 34.65
-1 -8.21 22,884 23.90 8.00 21.4
-0.45 -1.97 3,559 29.35 19.80
14.4
-0.49 -2.42 11,324 36.60 18.60 38.4
-0.19 -2.88 20,512 11.64 5.90
-0.09 -5.33 90,805 1.97 0.41
15.1
-1.04 -13.23 58,348 12.11 1.20 144.2
+0.05 +0.7 8,388 8.97 4.66
9.5
-3.3 -4.38
3,149 84.30 44.55
10.2
+0.14 +2.6 42,060
6.25
5.03
13.8
-1.78 -9.17 64,017 26.40 14.18 13.0
+0.82 +6.39 44,470 20.65 11.98 25.8
-0.6 -4.7 161,403 33.50 8.20
-0.06 -4.14 133,519
1.50
1.08
4.1
-0.25 -4.18 172,154
7.55 5.44
13.2
-0.35 -1.32 15,132 30.70 14.34
20.7
-3.95 -9.6 18,547 49.60 29.55
-0.04 -0.92
40 4.89 3.48
-0.1 -6.17 15,280 4.48 1.43
5.1
-0.07 -4.93 16,980 4.43
0.31
+13.5 +8.18 12,635 196.90 86.25 144.1
+4.5 +3.79 71,141 148.00 57.93 244.1
-3.35 -35.45 313,141 16.68 5.98
-7 -13.79 11,051 114.50 32.65 1757.0
-0.53 -6.73 20,712 27.15
5.81 3675.0
-1.1 -4.56 492,897 35.90 19.40
23.0
-4.7 -17.9 51,797 31.30 4.81
31.8
-0.27 -5.7 45,048 6.29 3.06
33.3
-3.1 -10.54 72,180 34.20 13.82 16.5
-0.92 -5.11 108,500 24.80 9.68 30.8
-5.6 -3.65
2,277 176.70 131.20
-0.64 -4.43 71,118 16.32
2.23
56.1
-0.78 -5.75 22,527 24.00 9.52 32.5
+0.46 +2.49
6 21.25 10.34
-0.58 -3.72 142,605 17.92 4.59
9.9
-2.75 -8.21 14,613 122.70 29.00 18.0
-0.06 -3.26 1,066 4.97
1.77
-0.65 -2.08 15,596 69.80 27.50
-5.5 -11.73 11,127 148.60 38.40 38.9
-0.16 -9.14 8,253 3.95
1.52
+0.02 +0.17 47,158 17.14
8.61
12.0
-0.16 -3.11 7,884 6.49
3.93
-0.48 -2.88
7,016 21.25 11.88
-0.12 -1.62 19,475 9.90
7.05
4.5
-0.41 -10.17 14,951 4.20 3.50
9.4
-0.28 -7.14 9,336 5.73
3.55
-0.2 -4.26 8,959 5.69 4.00 39.8
-0.34 -8.54 62,771 8.54
3.51 50.2
-54.2 -11.2
861 544.00 385.60 27.7
+0.07 +3.27 38,627 4.38 2.08
11.9
-0.24 -17.91 123,787 3.62
1.10 1000.0
-2.25 -6.23 31,051 78.80 31.70 76.1
-79.5 -7.47
175 1512.0 602.0
-0.005 -1.02 38,349 0.78 0.47
-0.23 -4.86 2,679 6.90 3.40
5.4
-0.76 -11.46 65,864 11.68 6.04
15.5
-0.24 -3.04
1,221 15.60 6.67
-0.71 -10.46 32,364 7.63 5.19
7.5
-0.16 -3.73 49,071
5.67 4.05
5.8
- 10,590
5.71
3.51
21.5
+0.05 +1.5
849 4.30
3.17
5.5
-0.42 -9.05 31,423 5.66 4.14
3.4
-3.55 -5.41 15,449 77.60 44.00 21.6
-0.09 -1.36
4,312
7.56
6.32
16.4
-0.43 -5.44 48,774 11.86 5.50 97.1
+0.01 +0.59 21,124 2.60 0.95
5.6
-1.3 -10.89 303,115 16.24 4.81 36.0
-0.44 -5.2 55,154 13.98 6.20
7.0
-0.6 -2.15 31,538 31.75 16.50
25.1
-3 -1.24
200 296.43 190.00
+0.95 +2.38
186 60.80 34.50
-
Past 3 months
3,613.97
W89.14
AUSTRALIA
BANGKOK
JAKARTA
KUALA LUMPUR
Yield
4.4
1.3
7.8
10.3
1.3
2.2
8.9
8.5
6.7
4.0
4.1
7.6
0.5
4.9
3.2
6.7
1.4
2.3
2.0
2.1
2.8
13.8
0.5
2.5
0.9
5.5
0.5
6.1
0.8
5.1
4.6
5.3
2.8
1.0
0.4
5.5
6.2
4.4
4.7
1.7
5.2
4.5
15.1
2.2
9.7
2.4
7.7
3.0
3.1
1.9
3.6
0.1
1.4
3.5
6.1
2.3
2.7
5.2
8.5
1.1
2.1
1.7
0.2
10.0
3.1
9.8
3.0
2.8
1.3
10.4
3.1
1.5
3.7
6.3
9.6
0.2
0.9
0.5
3.6
4.9
2.0
1.4
1.5
8.1
2.8
0.7
5.1
8.8
6.7
6.0
5.9
0.9
24.4
2.2
1.0
6.9
3.6
1.6
5.7
12.1
0.9
1.5
1.1
5.9
1.4
4.8
0.9
0.8
-
MANILA
MUMBAI
SEOUL
SINGAPORE
TAIPEI
TOKYO
WELLINGTON
MSCI INDICES
INTERNATIONAL US$
Sep 17
World
3,096.6
EAFE
2,348.5
Europe
2,036.3
Pacific
3,324.3
Far East
4,331.1
Korea
639.3
Malaysia
298.0
Philippines
486.0
Thailand
386.4
MAJOR COUNTRIES - Local Currency
Australia
1,437.9
Austria
668.1
Belgium
941.6
Canada
2,563.8
Denmark
15,089.3
Finland
857.3
France
2,362.5
Germany
1,117.1
Greece
46.9
Hong Kong
16,759.9
Ireland
307.1
Italy
805.8
Japan
1,284.9
Netherlands
2,962.4
New Zealand
173.0
Norway
3,312.0
Portugal
99.1
Singapore
1,652.6
Spain
851.4
Sweden
18,827.6
Switzerland
1,604.4
United Kingdom
1,949.7
USA
4,316.4
Sep 16
3,122.6
2,366.1
2,059.8
3,326.2
4,325.6
637.6
299.6
489.6
389.9
Year-end
chg%
+15.1
+9.4
+10.7
+7.2
+8
-5.3
-10.4
-6.4
-3.7
1,449.7
674.5
942.6
2,578.5
15,182.8
874.0
2,378.2
1,128.0
46.3
16,816.2
309.5
813.1
1,278.9
3,004.6
170.5
3,340.5
100.1
1,647.7
850.5
19,027.9
1,615.8
1,967.6
4,353.8
+11.6
+35.7
+3.2
+17.4
+22.1
+12.3
+17.1
+10.3
+18.2
-1.1
+19.4
+12.7
+16.4
+37.9
-11.8
+18
-0.9
+9.6
+7.5
+24.6
+12.7
+7.7
+17.7
All data except that on Hong Kong Stocks
supplied by Thomson Reuters unless
otherwise indicated.
On scmp.com See full stock listings
in real time for Hong Kong, plus
indices for leading markets, along
with investor relations information
such as company results and
reports at www.scmp.com/
business/investor-relations
BONDS
Exchange Fund bills
Terms
1 week
1 month
3 months
6 months
9 months
1 year
Close
17.86
136.60
33.35
41.30
12.30
491.80
40.25
4.34
104.90
66.65
32.55
240.80
43.85
34.65
3.80
54.50
46.25
15.06
169.80
105.40
6.36
3.87
225.40
160.20
461.80
5.73
37.20
123.10
23.00
26.30
17.08
China / HK US$ fixed
(September 17, 2021)
Opening aggregate balance $447,457 million
Closing aggregate balance $447,457 million
Change attributable to:
Market activity: nil
Interest payment / issuance of Exchange Fund paper: nil
Discount window reversal: nil
Discount window Today: nil
Discount window; base rate: 0.5%
Effective Exchange Rate Index: 101.2 (+0.2)
-0.56286
-0.56114
-0.53929
-0.49543
Stock
Hang Lung Prop
Hang Seng Bk
Henderson Land
Hengan Int'l
HK&C Gas
HKEX
HSBC Holdings
ICBC
Li Ning
Link Reit
Longfor Group
Meituan-W
MTR Corp
New World Dev
PetroChina
Ping An Ins
Power Assets
Sands China
Shenzhou Int'l
SHK Properties
Sino Biopharm
Sinopec
Sunny Optical
Techtronic Ind
Tencent
WH Group
Wharf Reic
Wuxi Biologics
Xiaomi-W
Xinyi Glass
Xinyi Solar
Shanghai Composite Index
Wk ch (%)
-5.13
-9.15
-4.35
-1.7
-8.01
-4.39
-5
-4.93
-4.8
-5.93
-3.9
+1.03
-5.07
-6
-6.82
-1.76
+0.28
-1.94
-2.57
-4.42
-8.57
-5.99
-5.36
xr = ex-rights
xa = ex-all
xb = ex-bonus
xd = ex-dividend # = traded in RMB * adjustment
Stocks in bold saw price changes of more than 5%
Money market operations
0.07425
0.07413
0.08738
0.10013
0.12200
0.14950
0.22425
Wk ch
-1,970.97
-8.16
-1,549.05
-858.32
-2,533.81
-296.17
-829.70
-201.53
-116.19
-345.76
-95.21
+67.81
-475.91
-128.27
-287.28
-428.09
+60.85
-21.2
-201.4
-157.74
-300.79
-1,001.6
-93.5
Key
HKMA
LIBOR
FORWARD RATES
ON
1 week
1 month
2 months
3 months
6 months
1 year
Close
36,473.91
81.06
34,049.07
49,550.12
29,103.22
6,452.19
15,758.46
3,883.55
2,304.71
5,488.03
2,346.85
6,660.05
8,912.03
2,008.7
3,922.06
23,928.97
21,689.92
1,071.58
7,626.01
3,410.1
3,209.24
15,717.2
1,651.97
Sub-indices
daily round-up
Hong Kong weekly
round-up
Wk Wk % Wk V
52-week
chg
chg ’000 high
low
PE Yield
-0.08 -1.97 23,096 4.56 0.90
16.8
-0.33 -3.82 59,973 12.30
6.16
21.5
-3.55 -11.29 34,477 41.10 26.25 18.0 2.2
-1.35 -3.26 30,845 60.00 37.80
27.2 1.0
-2.9 -16.51 5,860 19.36 14.46
-1 -13.33 62,234 13.22 6.06
2.3 16.9
-0.06 -2.18 632,209 3.30
2.38
3.9 8.3
-7.2 -7.56 131,643 109.30 73.05 23.8 1.5
-0.51 -9.29 72,889 7.44 4.67
+1.77+20.46 135,595 23.50 7.52 31.0 0.4
-1.35 -3.07 16,541 69.90 22.10
-13 -7.74 140,620 309.40 149.10
-1.24 -9.35 239,741 30.15 9.78 400.7
-0.14 -16.47 192,141 1.47 0.76
-0.08 -2.66
178 3.68
2.73
5.1 4.3
-2.65 -11.42 20,104 28.70 9.90
-0.82 -12.58 140,387 6.83 2.00 23.2 1.8
-40.8 -11.11 1,628490.00 317.00
-10.1 -6.06 30,252 191.90 76.15 69.2 0.7
-1.18 -8.38 13,459 22.50 11.50
-0.63 -6.7 3,585 26.20 7.50
- 0.8
-1.2 -3.18 5,056 58.20 24.60
+0.3 +4.41 28,631
8.51
5.20
3.6 8.7
+0.32 +2.51 1,889 13.64 10.20
13.1 2.7
-0.9 -0.96
4,751 133.80 74.50
23.4 3.6
-0.17 -2.35 8,724 13.70 6.85
9.8 3.8
-6.2 -6.8
188 199.60 71.60
-0.35 -5.88 66,447
8.13 3.72
18.5 1.1
-0.14 -4.59 46,238
3.76
2.38
10.3 3.3
-3 -1.85 33,433 256.60 133.00
-0.03
-3.7 19,209
3.13
0.72
6.4 7.7
-0.05 -1.771,823,620
3.17
2.33
3.9 8.6
-0.23 -4.9
4,177
5.55 3.89
2.9 10.1
-0.09 -1.94 135,050
5.26 3.66
3.9 8.2
-0.7 -5.23 17,023 19.50 12.04
13.1 4.7
-0.02 -0.5
6
5.75
2.70
8.1 5.5
-2.04 -13.47 91,864 17.68 0.40
-9.8 -16.39
385 148.10 48.25
-0.13 -4.42
999
3.65
2.07
10.6 7.9
-0.88 -5.95 1,584 22.65 8.90
+70.8+34.07 30,654 238.20 130.40
-0.68 -13.74 41,561 6.96 4.14
-0.015 -4.84 91,714 0.36 0.20
22.5
-0.45 -1.51 10,669 30.90 23.10
7.0 3.9
-0.27 -3.58
546 9.70
5.05
-73.5 -11.16 3,195 1052.0 487.2
5.51
3.55
11.9
-1.89 -8.85 2,555 37.30 12.82 20.9 4.9
-0.011
-10 973,880 0.15 0.04 10.8
-0.17 -5.23 90,443 3.48 2.74
7.4 5.5
-0.27 -3.9 30,195 19.16
5.75
25.6 1.0
+0.35 +0.56
2,210 81.95 47.10
11.0 2.8
-0.453
-1.9 63,896 29.55 20.05
9.3 5.3
-0.28 -4.09 145,695 6.93 2.09
34.7 2.1
+5.4 +12.8 13,256 51.00 19.18
- 7.99 5.94
5.0 5.6
+0.04 +0.21 41,956 29.50 18.18 63.8
1.1
-4.2 -1.61 42,620 295.00 100.20 149.0 0.1
-3.15 -9.03 27,579 63.10 30.35
11.2 0.9
-1.78 -11.18 12,381 17.50 9.65
6.3 7.8
-0.09 -2.04 5,359 5.44
2.31 40.8
-0.23 -2.58 20,536 12.06 5.00
- 0.2
-0.06 -0.43 3,780 18.40 13.58
22.4 2.7
-17.6 -5.91 3,789 450.00 141.20
- 7,968 4.80 3.08
9.8 2.3
-1.22 -15.4 26,690 22.20 6.72
+4 +9.3 5,370 48.65 22.55
-0.44 -13.97 5,615 8.96 2.72 10.3 5.2
-0.31 -4.58 16,921 7.99
5.15
-0.07 -3.83
513
2.55
1.65
11.6
1.1
-0.22 -4.08 18,952
9.25 4.90
11.5 6.3
-0.12 -2.08 1,405,080 6.74 4.93
4.5 6.9
-0.14 -4.79 59,935
3.54 2.40
3.5 9.1
-0.2 -6.35 45,552 3.83 2.50
4.1 4.7
-0.08 -4.76 38,660 3.00
1.50
2.1 23.6
-0.05 -3.23 31,358
2.95
1.40
- 5.7
-10.9 -17.94 95,297 85.20 41.45 43.3 0.5
-0.47 -8.23 141,404 6.04 0.91 17.9 2.4
-0.11 -5.19 466,860 2.25 1.56
9.0 4.8
-0.03 -2.03 250,918
1.65 0.66
8.1 1.8
-0.04 -0.97 3,474 4.80
3.29
-0.19 -2.99 14,123 8.45
5.53
11.8 1.8
-0.07 -4.73 49,116
3.10
1.01
9.9 1.7
-0.5 -9.9 18,268 5.39 3.84
3.0 7.8
-0.07 -1.05 636,266 7.49
1.55 199.4
-0.37 -8.75 19,844 4.90 3.74
- 6.4
-1.79 -17.76 9,606 17.80 7.57
-0.25 -5.68 13,705 9.36 3.82
15.7 1.3
-0.68 -15.11 106,844 9.21 3.77
1.5 24.0
-0.3 -9.06 15,705 5.82 2.65
5.5 3.4
-0.14 -9.52 269,485 1.68 1.30
3.5 9.4
+0.1 +1.7 182,591 6.80
1.81
12.6 2.7
-0.2 -4.34 137,328
4.73
3.21
4.1 4.9
-0.01 -0.25 42,292 4.94
3.15
7.8 4.8
-0.04 -1.32 28,051 3.48 2.49
7.5 8.2
-0.06 -2.99 30,129 3.08
1.59
56.5
-0.1 -10.2 68,686 1.39 0.68
2.4 14.6
-0.29 -8.84 53,182 4.08 2.66
-1.28 -14.1 13,925 20.69 7.49 56.3 3.5
-0.67 -6.54 14,754 12.00 8.27
7.1 6.6
+0.11 +1.89 183,092 6.45
3.87
6.1 5.9
-0.36 -2.65 16,301 20.80 11.30
35.9 2.5
-1.08 -29.83 818,607 20.30 2.52
3.5 7.2
+0.66 +4.89 115,222 25.70 12.88
14.4 3.2
+0.04 +1.43 3,879
3.71 2.40
13.4 3.8
-0.03 -0.64 106,615
5.56
3.87
5.6 5.7
+0.35 +1.59 42,817 35.00 20.65
11.1 2.5
-1 -4.04 6,595 29.90
8.17
10.9 3.9
-1.24 -9.27 210,725 14.40 4.50
8.4 7.8
1.08
0.77
-1.55 -6.84 55,339 25.75 15.80
11.3 1.0
-0.13 -5.2 156,319 4.82
2.12
6.3 11.0
-2.48 -15.98 21,666 21.60 11.38
9.1 3.8
-0.48 -3.58 161,291 19.20 12.56
6.2 5.9
-0.2 -4.08 4,662 6.68 4.05
8.6 9.6
-4.65 -6.66 9,516 95.75 51.15
-0.05 -1.19 40,594 4.98
3.17 504.9
-0.52 -3.09 121,895 17.64 4.58
23.7 0.9
-0.54 -3.47 22,470 22.80
7.37
12.4 3.7
-5.7 -8.24 90,434 72.45 35.60 14.2 2.3
-0.11 -10.89 12,820
1.27 0.91
5.3 7.8
-0.22 -1.64 25,144 13.96
7.75
9.0 5.5
-0.1 -0.78 22,441 14.48
9.01
10.3 4.2
-1 -2.05 81,487 59.20 39.00
7.7 7.1
-0.22 -3.67 279,079
7.67 2.69 45.4 0.7
-0.4 -9.09 112,132 5.41 1.39 14.3 2.8
-0.49 -7.6 34,366
9.11 3.90 28.0 1.2
-0.29
-4.1 53,712 11.44
4.52
10.2 3.0
-0.38 -12.79 38,653 3.22 1.60
5.2 7.7
-1.35 -7.74 124,106 21.95 14.92
3.4 7.3
-0.25 -7.55 416,225
3.53
1.41 14.9 5.1
-0.46 -7.88 87,473 6.03 4.07
3.1 5.1
-0.28 -6.19 155,091 4.70
3.33
3.8 5.1
- 152,359 0.95
0.71
5.5 5.7
-5.15 -8.1 55,312 78.60 44.10 76.7 0.8
-0.27 -3.08 140,800 11.76
6.35
6.6 6.8
+0.05 +0.11 19,214 52.25 32.10 20.4 2.0
-1.8 -5.94 86,728 41.30 25.50
5.8 5.3
-1.35 -3.52 46,060 55.25 27.25 64.9 0.4
-0.27 -6.57 37,829 5.89 3.72
7.3 3.1
-0.6 -2.97 130,962 22.70
7.50
12.4 3.2
+0.53 +9.96 140,837 6.48 2.09 12.0 4.7
-0.39 -12.62 37,668 3.70 2.64
2.6 11.1
-0.015 -2.94 45,938 0.88 0.34
-0.06 -10.17 25,594 0.98 0.51
8.4
-0.8 -4.35 156,336 19.36 13.20
8.3 12.3
-0.51 -10.76 88,246 6.30 3.89
-0.1 -12.99 107,834
1.17 0.66
2.2 4.5
-0.47 -6.63 34,969 7.45
4.11
5.6 5.9
+0.14 +2.24 133,276 6.66
1.79
14.3 2.6
-0.8 -6.37 39,719 19.12 10.64
6.5 3.4
-0.1 -3.68 345,271
3.24
1.82
8.6 4.8
+0.44 +7.65 6,185 8.41 5.40
8.3
- 4,796 21.55 14.46 113.2 0.3
-0.02 -1.89 600,283
1.45
1.00
23.9 2.6
+0.44 +6.98 54,063 9.18 4.35
11.2
-0.08 -6.72 24,065 1.49 0.99
-0.12 -2.88 156,390
6.12
3.95
8.4 8.5
-2.25 -10.74 50,404 35.00 18.52
4.4 8.0
-0.15 -6.12
708 3.25 2.25
3.8 7.8
-0.32
-3.7 32,969
8.72
5.50
7.8 3.7
-0.14 -12.28 247,361 4.52 0.69
- 2.69
1.30
5.7
-0.38 -2.77 91,843 16.28
5.45 29.9 0.2
-0.33 -12.27 4,448 4.79 2.30
7.2 0.4
- 20.90
8.73
15.6 1.6
-0.07 -11.86 1,456 9.45 0.49
-0.64 -5.39 3,042 14.98 7.72 14.0 5.0
-0.48 -2.9 20,841 18.12 9.00
26.7 2.5
-1.18 -8.02 27,525 26.05 12.02 47.3 0.6
-0.66 -12.67 112,701 7.85 4.31
3.9 9.0
-0.52 -2.79 11,013 18.90 7.86
10.9 1.9
-0.18 -1.69 26,939 12.28 3.06
30.1 1.3
-0.38 -3.87 101,657 10.24
5.20
4.8 5.7
-0.16 -4.32 189,889 4.29
2.93
3.2 8.6
-1.15 -5.4 55,146 22.00 15.22 14.7 2.4
+0.09 +3.42 28,444 2.88 2.40
9.7 7.9
-0.02 -1.46 4,322
1.81
1.32
-2.65 -5.43 81,487 56.05 35.65 10.4 4.1
-0.04 -5.06 31,062 0.98 0.72 57.7 1.3
-2.75 -4.98 30,554 65.80 45.80
7.0 4.8
-0.75 -1.69 6,063 50.25 35.75
15.0 5.7
-1
-1.3 14,164 81.65 70.25
16.7 4.1
-0.21 -5.87 104,185 5.09 2.66
9.5 2.8
-0.78 -6.06 210,276 13.58 8.21
6.9 4.6
- 585,962 10.60 6.50
12.3 6.8
-0.06 -2.47 112,752 6.38
2.11
2.0 8.7
-0.11 -5.19 39,302
3.18 1.66
-1.85 -3.81 62,219 57.60 35.85
6.0 5.5
-0.5 -1.49 17,473 40.85 27.60
6.6 2.1
-0.14 -7.82 238,779 1.94 0.76
9.1 4.1
+0.32 +5.28 18,055 7.42 4.03
7.6 5.3
-1.42 -9.11 267,468 17.48 2.65 14.9
-0.1 -8.93 4,638 1.76
1.01
-1.247 -15.18 260,481 11.44 6.61
3.7 8.0
-0.04 -4.08 402,225
1.08 0.63
4.5 10.7
-1.35 -5.57 56,748 42.57 20.85
7.4 6.9
-0.11 -3.62 44,456
3.70
2.77
3.4 9.2
-2 -8.99 12,478 32.15 13.74
8.1 2.2
-0.18 -2.69 24,625 11.66
4.41
22.4 1.4
-0.16
-4.1 155,395
4.22
2.53
8.1 5.6
-2.2 -5.44 24,193 65.30 23.30
15.5
+0.09 +3.21 3,989 4.50
1.82
9.9 5.1
-0.92 -9.31 32,989 13.46 7.44
6.4 4.9
-0.53 -2.95 40,936 23.36 16.48
- 2.5
-0.37 -2.49
4,113 19.31 13.80
- 2.5
-0.15 -1.53 126,230 12.68 7.08
18.9 1.8
+0.03 +2.24 45,530
1.76
1.02
7.6 6.6
-0.58 -4.5 13,660 19.12 7.99
-0.76 -11.89 2,715 8.48 5.68
11.7 2.1
-0.02 -0.26 7,004 11.26 6.48
7.2 4.2
-0.75 -3.02
978 33.50 18.50
6.7 4.2
-0.08 -1.87 16,572 5.48 3.90
12.7 4.1
+0.05 +1.09 4,234 6.46
3.61
5.6 2.8
-0.09 -6.21 69,076
1.58 0.96
11.7 8.0
-0.02 -0.7 3,447 3.44
2.73
5.4 4.8
+0.09 +2.73
3,015
3.82 3.06
+0.13 +6.16 382,638 3.84 0.67 36.4 0.2
-0.32 -6.65 7,314 7.06 4.08
11.9 2.7
-0.658 -8.21 72,478 10.10 4.63
5.0 6.5
+1.9 +8.8 176,169 28.50 2.84 53.2 0.6
Dur.
Yield
Wk ch
ON
1y
5y
10y
30y
-0.060
0.166
0.512
0.846
1.153
0.020
0.090
0.085
0.074
ON
1y
5y
10y
30y
0.250
-0.666
-0.606
-0.278
0.245
0.003
0.029
0.052
0.087
ON
1y
5y
10y
30y
0.770
1.042
1.790
2.066
2.068
-0.110
-0.012
0.039
0.058
0.060
1y
3y
5y
10y
15y
0.008
0.263
0.660
1.331
1.746
-0.007
-0.008
0.006
0.063
0.069
UK
Germany
South Korea
Australia
Link Finance Cayman 2009
Hutch Whampoa Int 12
Hongkong Land Finance
Swire Pacific Mtn
Swire Pacific Mtn
Sun Hung Kai Prop
Pccw-Hkt Capital No5
NWD Mtn
China Overseas Fin
China Overseas Fin
Sinochem Offshore
Sinochem Offshore
Sinopec Grp Oversea 2015
Sinopec Grp Oversea 2014
Cnooc Finance 2014
Cnooc Finance 2014
Export-Import Bank China
Export-Import Bank China
China Cinda Finance
China Cinda Finance
AIA Group
AIA Group
China RMB fixed
China Government Bond
China Government Bond
China Government Bond
China Government Bond
China Development Bank
China Development Bank
Export-Import Bank China
Export-Import Bank China
China EXIM Bank
ICBC ASIA
Singapore US$ fixed
Temasek Financial I
Temasek Financial I
Maturity
Mid pr M yield
(US$) (Ann) %
3.6
3.25
4.625
4.5
3
3.625
3.75
4.125
3.05
4.25
3.124
1.625
3.25
4.375
4.25
4.875
2.75
3.625
5.625
4.75
3.2
4.875
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3/9/2024
8/11/2022
16/1/2024
9/10/2023
5/7/2024
16/1/2023
8/3/2023
18/7/2029
27/11/2029
26/4/2023
24/5/2022
29/10/2025
28/4/2025
10/4/2024
30/4/2024
30/4/2044
28/11/2022
31/7/2024
14/5/2024
8/2/2028
11/3/2025
11/3/2044
106.67
103.12
108.27
107.39
105.42
103.64
104.13
103.94
103.54
104.65
101.38
100.05
106.80
108.80
107.86
121.98
102.69
108.09
109.54
111.50
106.30
134.13
1.29
0.48
1.01
0.86
1.02
0.84
0.91
3.54
2.57
1.3
1.06
1.61
1.31
0.88
1.18
3.46
0.47
0.76
1.91
2.77
1.2
2.82
3.1
4
3.48
4.29
4.2
4.3
2.75
3.97
3.25
1.2
2
2
2
2
2
2
2
1
2
2
29/6/2022
22/5/2024
29/6/2027
22/5/2029
19/1/2027
2/8/2032
28/11/2022
14/5/2022
28/11/2027
20/7/2025
100.62
104.06
105.33
111.80
106.03
108.69
102.69
100.93
110.85
99.99
2.26
2.41
2.48
2.58
2.97
3.34
0.47
2.46
1.41
1.2
2.375
4.0475
2
2
23/1/2023
5/3/2035
102.63
121.75
0.4
2.18
Temasek Financial I
DBS Group Holdings
United Overseas Bank
United Overseas Bank
Oversea-Chinese Banking
Sp Powerassets
Capitaland Treasury
Capitaland Treasury
Korea US$ fixed
Republic of Korea
Republic of Korea
Republic of Korea
Korea Development Bank
Korea Development Bank
Export-Import Bk Korea
Export-Import Bk Korea
Export-Import Bk Korea
Korea EXIMBank
Korea Exchange Bank
Woori Bank
Woori Bank
Woori Bank
Nonghyup Bank
Korea National Oil Corp
Korea Gas Corp
Korea Gas Corp
Korea Gas Corp
KT Corp
Korea Midland Power Co
GS Caltex Corp
Philippine US$ fixed
Republic of Philippines
Republic of Philippines
Security Bk Corp
FPC Treasury
ICTSI Treasury B.V
JGSH Philippines
JGSH Philippines
Sm Investments Corp
3.375
2.85
1.25
1.625
4.25
2.7
4.076
3.8
2
2
2
2
2
2
2
2
23/7/2042
16/4/2022
14/4/2026
5/9/2022
19/6/2024
14/9/2022
20/9/2022
28/8/2024
117.12
101.37
100.30
101.30
108.51
102.25
102.88
106.46
2.33
0.44
1.18
0.27
1.1
0.4
1.17
1.54
3.875
5.625
4.125
2.75
3.75
3
2.375
3.25
4
1.875
4.75
0.75
5.125
3.875
3.25
3.875
6.25
3.5
2.625
3.375
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
11/9/2023
3/11/2025
10/6/2044
19/3/2023
22/1/2024
1/11/2022
25/6/2024
12/8/2026
14/1/2024
12/2/2025
30/4/2024
1/2/2026
6/8/2028
30/7/2023
10/7/2024
12/2/2024
20/1/2042
2/7/2026
7/8/2022
22/1/2022
12/6/2022
106.87
118.57
130.38
103.50
107.52
102.93
105.08
110.20
108.11
103.07
109.28
97.78
117.15
105.90
107.13
107.74
153.36
110.32
101.76
101.00
101.62
0.37
1
2.38
0.4
0.51
0.35
0.52
1.1
0.47
0.95
1.13
1.28
2.4
0.67
0.68
0.61
2.79
1.27
0.61
0.38
0.75
4.2
5
4.5
4.5
4.625
4.375
4.125
4.875
2
2
2
2
2
2
2
2
21/1/2024
13/1/2037
25/9/2023
16/4/2023
16/1/2023
23/1/2023
9/7/2030
10/6/2024
107.76
127.25
107.38
105.03
105.31
104.45
107.25
107.75
0.82
2.8
0.8
1.25
0.58
1.03
3.17
1.94
ASIAN USD BOND INDEX
September 17, 2021
Current level
Previous day level
Net changes (%)
Country weighting (%)
Index yield (%)
Index duration (yr)
Index spread
Spread change
Average life (yr)
Average coupon (%)
Clean price level
Total Mkt Cap (mm)
ADBI China
141.8
139.1
142.0
139.5
-0.18
-0.24
100.00
45.91
2.82
2.78
5.87
4.81
154
164
1.14
2.51
7.35
5.72
3.80
3.65
98.45
97.82
949,234 435,890
HK
142.1
142.3
-0.11
8.60
2.32
5.67
114
-0.12
6.66
3.50
99.48
81,582
Phil
Indo
145.5
156.8
145.7
157.1
-0.13
-0.15
5.21
13.12
2.50
3.19
8.15
9.17
102
160
0.00
0.65
10.71
13.41
4.57
4.52
95.05 102.04
49,396 124,558
MARKIT
Korea
132.2
132.3
-0.11
9.43
1.49
4.24
55
0.05
4.58
2.55
100.10
89,624
Malay
141.1
141.3
-0.14
3.42
2.78
9.64
119
0.48
13.70
3.86
98.88
32,500
Thai
145.5
145.7
-0.13
1.65
3.23
8.57
164
0.66
13.38
4.10
102.29
15,655
Spore
136.5
136.7
-0.12
2.50
2.07
8.32
60
0.05
11.20
2.81
101.28
23,735
India
153.5
153.7
-0.12
6.95
3.01
4.48
199
0.32
5.20
4.41
103.55
65,950
Vnam SLanka
161.9
113.6
161.9
114.1
0.00
-0.43
0.12
0.81
1.25
18.40
2.95
3.86
81
1746
-1.88
11.02
3.17
5.13
4.80
6.78
101.41
61.57
1,126
7,660
The Markit iBoxxAsian US Dollar Bond Index family (“Index”) is calculated and owned by Markit Indices Limited (“Markit Indices”). “Markit” is the service mark of
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Copyright © 2021, Markit Indices Limited
Monday, September 20, 2021
B11
DIVERSIONS
Horoscopes
Chinese Zodiac
with Shelley von Strunckel
TODAY’S ALMANAC
TODAY’S BIRTHDAY
Virgo
August 22 – September 21: You have
probably been prompted to review certain
elements of your life. With your ruler
Mercury accenting such changes, the
time’s come to focus on these.
Libra
September 22 – October 22: As a Libra,
you try to plan ahead when possible.
However, you’re in a period during which
arrangements will be shifting, as will your
priorities. Just ensure plans are flexible
enough to ride out every twist and turn.
The full moon influences everybody.
However, it takes place on your
birthday, indicating a turning point.
Certain matters have reached a
peak. However, this doesn’t mean
they’re coming to an end. Rather,
you’ll pause to consider what’s
working and what you want to see
change or grow. Even more exciting
is that, while what’s on your mind is
bound to develop, elements of your
life could suddenly become central
to your plans for the future.
Aries
March 20 – April 18: When you look back
on the period since late July, you’ll be
relieved you dealt with so many seemingly
minor (if not irritating) tasks. However,
some remain. Tackle them now.
Taurus
April 19 – May 19: Early this month, your
ruler Venus moved to a position that
accents all forms of alliances. Since then,
events have highlighted ideas and issues
that will soon need attention.
Gemini
Scorpio
October 23 – November 21: Often when
you’re on edge, you’ll reflect on those
feelings and only then discuss them with
others. With the influence of the current
full moon, the sooner you talk things over,
the more you’re likely to learn.
Sagittarius
November 22 – December 20: It’s clear.
Certain tricky matters are increasingly
urgent. It’ll be risky, but you could make
decisions solo, then take action entirely
without discussion.
Capricorn
December 21 – January 18: Usually,
discussions are no problem. However,
certain individuals simply can’t stick to
the matter in question. The secret? Forget
about discussions and do it in writing.
That will be much easier.
Aquarius
January 19 – February 17: As much as
you enjoy hearing what others are doing
and discussing your plans with them, for
the moment, keep your ideas to yourself.
Even well-meaning advice from others
could confuse you.
May 20 – June 20: Promising as the
ideas currently being discussed seem, be
aware there will be a range of twists and
turns before you’re able to turn them into
lasting arrangements.
Cancer
June 21 – July 21: Unsettling as recent
events were, your instincts correctly say
that these aren’t merely changes but
breakthroughs. Stand back and allow
things to unfold in their own time.
Pisces
February 18 – March 19: While the
current full moon will have heightened
everybody’s feelings, the fact it’s in Pisces
will have deepened you appreciation
of what brings you happiness. For now,
savour those joys.
Leo
July 22 – August 21: Last week your ruler
the sun linked with Neptune and Pluto,
which signifies transformation through
truth. The resulting insights are exactly
the inspiration you need.
The Best of Calvin and Hobbes
by Bill Watterson
Non-Sequitur
by Wiley Miller
Times Crossword
with Edwin Ma Lai-wah
Universal Crossword
Ox
1949, 1961, 1973, 1985, 1997, 2009, 2021
Bosses and customers are beginning
to take notice of your work performance.
You may even earn a promotion. Working
hard towards your goal is the key to
success.
Tiger
1950, 1962, 1974, 1986, 1998, 2010
Let your mind escape into a creative
mode where you can manifest some of the
political and social views that are rattling
around in your head.
Rabbit
1951, 1963, 1975, 1987, 1999, 2011
Today is a quiet and reflective day.
Pressure at work may mean you are not in
the best of moods at home, but don’t take
any of it too seriously. It will soon pass.
Dragon
1952, 1964, 1976, 1988, 2000, 2012
Right now, you mind is in a chaotic state.
Things are changing so fast you can’t keep
pace. You also have to worry about trivial
matters in life. You have hit rock bottom
and it’s affecting your work performance.
Snake
1953, 1965, 1977, 1989, 2001, 2013
Today, you are likely to shine at work!
Monkey
What does the Chinese almanac
Tong Shing say about today?
1956, 1968, 1980, 1992, 2004, 2016
Today it is best to start afresh. You will
notice a surge in your vitality and energy
levels. Try to stay away from fattening
finger food.
Auspicious for: marriage
Bad for: road repair
Auspicious direction: east
Lucky colours: yellow, gold
Lucky numbers:
Rooster
1957, 1969, 1981, 1993, 2005, 2017
You find it hard to get a grip. Slowing down
and collecting your temper is the key to
finishing a job. Your health may seem OK,
but you should start paying attention to it.
7,2
Dog
This may very well cause changes to your
career directions. These changes are
definitely for the better.
1958, 1970, 1982, 1994, 2006, 2018
Stop wasting your time on trivial matters.
Focusing on your work is the only way to
take your career to another level.
Horse
Pig
1954, 1966, 1978, 1990, 2002, 2014
Today is your time to shine. Don’t
hold back any innovative ideas you
have. Spend some time preparing a
mind-blowing proposal to impress the
higher-ups.
1959, 1971, 1983, 1995, 2007, 2019
You feel the need to go down different
paths these days, and you may even go
elsewhere to look for them. Be efficient so
as to get tangible results.
Rat
Goat
1960, 1972, 1984, 1996, 2008, 2020
Today, you might be concerned with what
others think about you. You are intelligent
and efficient, but sometimes people take
your qualities for granted.
1955, 1967, 1979, 1991, 2003, 2015
Obstacles are present in your work.
But with constant faith and support
from your boss, a promotion is possible.
Doonesbury Flashback
by Garry Trudeau
Pooch Cafe
Bridge
by Paul Gilligan
Sudoku
South dealer. North-South vulnerable.
NORTH
♠K8764
♥AQ8
♦A872
♣8
WEST
EAST
♠ 10 5
♠9
♥ K 10 7 6 5 3
♥J942
♦ Q J 10
♦K4
♣54
♣KQ9762
SOUTH
♠AQJ32
♥—
♦9653
♣ A J 10 3
Across
1 Fitting in again with
leader of military
ceremony (7)
5 Cooler dance venue where
lovers get together (3,4)
9 One may invest in more
rococo houses (9)
10 New money must include
a plutocrat (5)
11 Boastful fixing end
component where
screwdriver may be
had? (8,5)
13 Track to follow round
peaks where fruit
grows (8)
15 Give a ring to prince
returning figure
welcomes (6)
17 Wave very gently, upset
about that (6)
19 A little work in green
grass pile (8)
22 Travelling off, I repeatedly
wintered in port? (9,4)
25 Period of waiting in car
without book (5)
26 I’m going to answer guy
that’s awkward (3,2,4)
27 German’s relative has
handy habit around
food (7)
28 Old hand in part
shepherds one learner:
it may bear fruit (3,4)
Saturday’s Times solution:
A L C A T R A S
V
H
A
R
T
ON E O V E R T H
U
R
E
A
A
C H U T N E Y
N
H
B
E
K
G I N R UMM Y
N
A O
C
A D I E U C H U
S
N
K
S U B S I D E
V
E
R
C
R
I
T H E P OW E R S
T
A
R
L
T
E RM I N E H A
F O I
N
E E I
R
I OB
U
SW
R L
U
E R
C
T H
E
I R
B L E
A
S
GH T
S
I
I UM
A
I F T
N
E
I S H
P W
B E N A
C
K
A T B E
O
U
GR I P
Down
1 Hit cover of Bellini at
thunderous volume? (4)
2 Aide receiving a
service and fabulous
treatment (7)
3 Kind of bond that’s
archetypal, caught only
once (5)
4 Wet suit off, with further
clothing (8)
5 Official recalled film full of
hot passion (6)
6 Born writer tucked into
tasty bit of bread once (9)
7 Left part of Europe for
part of Africa (7)
8 Attire for teen, one on
beat boxes (10)
12 Second lot of ashes likely
emptied with sadness (10)
14 I see rifle almost raised in
WWI campaign (9)
16 Abroad, plonk last of
bread on potato curry (8)
18 It’s a wonder Biblical
figure blocks sink up (7)
20 Art of homeware dealer
hemming raised collar (7)
21 Perhaps put polish on or
polish off (6)
23 Dope’s home
telephone (5)
24 Wave combination in
pools (4)
Across
1 Cold-weather jacket
6 And people who didn’t
make the list: Abbr.
10 Sage or fennel
14 Clock radio feature
15 Untainted
16 Burn balm
17 Candidate who lost to Truman
18 “Really?”
19 Little bit of land
20 Pause mark that blends in
with its surroundings?
23 Last part of a date?
24 An ant has six of them
25 The “S” of GPS: Abbr.
27 Author Ayn
30 Lowest point
34 Feline-oriented section
of lease?
37 “That’s terrible!”
38 First Hebrew letter
39 Vow at a vow renewal
40 Blew it
41 Dangerously serious
42 List of starters?
44 Seedy bagel type
46 Word on an octagonal sign
47 YouTubers’ money sources
48 Boorish
50 Fit together snugly
52 Word processing feature
that went haywire when
correcting 20-, 34- and
42-across?
58 God who “died” in multiple
Marvel movies
59 Long vehicle for a celeb
60 Hazards when unloading
silverware from the
dishwasher
Saturday’s Universal
solution:
62
63
64
65
66
67
“Sign me up!”
Supply-and-demand subj.
“Lovergirl” singer Marie
Warped
Mildewy, perhaps
Surgeon, informally
Down
1 Rocket launch site
2 Baldwin of “It’s
Complicated”
3 Seafood items that are
supposedly an aphrodisiac
4 Krispy ___
5 Youngest of the “little
women”
6 “Game of Thrones,” e.g.
7 Fanny
8 Popular sans serif font
9 Request for solitude
10 Noisy weather
phenomenon
11 Someone ___ (not me)
12 Candy shaped like a
truncated cone
13 Existed
21 Asia’s shrinking sea
22 A fragile one is
easily bruised
25 Lots
26 New Haven student
28 Depilatory brand
29 Bros
31 Like an endangered
species
32 Standing up
33 ___ operandi
35 Refreshing gum flavour
36 Squishy
40 Most likely will
42 Spun one’s wheels?
43 Skye of “Say Anything”
45 Mother, to a Brit
49 “Fear of Flying”
author Jong
51 One may need a lift
on a snowy day
52 Smooth-talking
53 City built on seven hills
54 Related by blood
55 “Let’s go!”
56 Traffic sound
57 Nevada’s third most
populous city
61 Squid’s ink holder
The bidding:
South
West
North
East
1♠
3♥
4 NT
5♥
6♥
Pass
6♠
Opening lead: queen of diamonds.
There may be more than one way to skin
a cat, but first the cat must allow itself
to be caught. That was the case on this
deal from a national pairs championship
some years ago.
At two different tables, North-South
arrived at six spades, and both Wests led
the queen of diamonds. Both declarers
put up dummy’s ace, and both Easts
failed to unblock the king– a decision
that ultimately cost them dearly.
At the first table, South led a club
to the ace at trick two and ruffed a
club. A spade to the ace was followed
by another club ruff, West discarding a
heart. Declarer then ruffed the eight of
hearts, ruffed his last club and exited
with a diamond to East’s king.
At this point, dummy consisted of
the king of spades, A-Q of hearts and 8-7
of diamonds, while South had the Q-J-3
of spades and the 9-6 of diamonds. East
was on lead with no diamonds or spades,
so he either had to return a heart into
the A-Q or lead a club and allow South
to discard a diamond from his hand
while ruffing in dummy. Either way,
declarer could dispose of both his small
diamonds, and the slam was home.
At the second table, South found
another route to 12 tricks. She cashed
the ace of spades at trick two, led
the ace of clubs and ruffed a club.
Next came the heart ace (declarer
discarding a diamond), a heart ruff,
a club ruff, a heart ruff and another
club ruff, eliminating the hearts and
clubs from both hands. Now she
conceded a diamond to the king, forcing
East to return a heart or a club for the
fatal ruff-and-discard.
An unusual aspect of both end
positions was that West still had the
10 of trump while East was being
endplayed. Had either declarer drawn
a second round of trump anywhere
along the line, the slam could not have
been made. Nor could it have succeeded
if either East had had the wisdom
and foresight to unblock the king of
diamonds at trick one.
Complete the grid so that
each row, column and 3x3
box contains every digit
from 1 to 9, inclusive.
Difficulty: 2/5
Saturday’s solution:
Kokonotsu Supersudoku
8
1
6
3
2
6
6
8
5
5
2 7 8
7
3
9
4
4
Saturday’s solution:
8
4
6
7
2
7
Complete the grid so that
each row, column and 3x3
box and the two centre
diagonal lines contain
every digit from 1 to 9,
inclusive.
Difficulty: 2/5
4
4
1
7
2
3
8
5
9
6
6
8
2
1
5
9
7
4
3
9
5
3
7
4
6
1
2
8
8
3
1
6
2
5
4
7
9
2
9
5
4
7
3
8
6
1
7
6
4
9
8
1
2
3
5
5
7
8
3
6
2
9
1
4
1
2
6
8
9
4
3
5
7
3
4
9
5
1
7
6
8
2
Target
R L C
U A U
R I A
How many words of four letters or more
can you make from the letters shown
here? In making a word, each letter may
be used once only. Each must contain the
centre letter and there must be at least
one nine-letter word. No plurals ending
with ‘s’. Reference: Collins Concise
English Dictionary
Today’s target: 8 words good; 12 words
very good; 17 words excellent.
See solution tomorrow.
Steve Becker
ONLINE
For details about local bridge events,
go to the HK Contract Bridge Association
website hkcba.org
Saturday’s solution: airs, also, lours, lousy, oils, rails, rays, rivals, roils, rosily, rosy,
sail, sailor, salvo, salvor, sari, saviour, savour, savoury, savoy, silo, slay, slur, soar, soil,
sola, solar, soli, soul, sour, sourly, soya, surly, various, VARIOUSLY, virus, visa, visor,
visual, yours
B12
Monday, September 20, 2021
In the whole of Hong Kong, people of
Tai Hang are the happiest group of
people during the Mid-Autumn Festival
CHAN TAK-FAI, COMMANDER IN CHIEF OF TAI HANG FIRE DRAGON DANCE > CULTURE B13
Tennis coach Toby Clark
works on his fitness at
the Jardine’s Lookout
Residents’ Association
ATA tennis courts.
Photo: Jonathan Wong
An end to the grind
Playing sport intensively, especially as a teenager or young adult, can cause excessive
wear on the hips and can trigger osteoarthritis, which may require hip resurfacing
Pavel Toropov
life@scmp.com
Even the most finely engineered
machines experience wear and
tear over time. Our bodies are no
exception.
One key joint in particular is
subject to damage through overuse: the hip. As the cartilage between the ball of the thigh bone,
known as the femur, and the
pelvis, wears away, osteoarthritis
sets in. Bone starts grinding on
bone, causing pain which can
eventually become unbearable.
This process usually takes
place over decades, which is why
most hip replacements – a surgery
to replace the hip joint or resurface it – are performed on people
in their seventies.
Doing sport intensively,
though, increases the likelihood
of developing the condition much
earlier in life. Hong Kong-based
orthopaedic surgeon Jason
Brockwell calls hip osteoarthritis a
“medical problem of affluence”,
since sport is largely a privilege of
wealthy societies.
The good news is that advances in hip surgery now allow affected people to return to sport, even
at the highest level.
Tennis star Andy Murray is an
example: he came back to the professional tour in January, 2019,
after hip resurfacing surgery – in
which a metal cap is placed on the
ball of the joint and a rod is insert-
Therapist
Simon ten Cate
Brouwer works
with a patient
who recently
had hip
resurfacing
surgery. Photo:
Alex Reshikov
ed into the femur to keep it in
place.
There is more good news: running, which has grown in popularity during the pandemic, does
not usually cause wear in the hips.
Brockwell says this is because of
the low angle of hip flexion while
running.
Sports in which hips are bent
at angles exceeding 90 degrees –
with the knee going higher than
the waistline – do the most
damage.
“Karate, taekwondo, squash,
tennis – sports that involve repeated, forceful hip flexion such
as lunging or kicking – smash
hips,” Brockwell says.
When the hip is flexed at a high
angle – for example, when lunging
in squash or doing a high kick in
karate, the femur comes into contact with the edge of the socket
and the two bones pinch and
grind against each other. Over
time, this wears out the cartilage
and deforms the bones.
If a middle-aged marathoner
starts to suffer from pain and stiffness in the hips, it may be a legacy
of “kicking and lunging” sports
they practised before or are still
practising. Also, having played
sport seriously in their early teens
can predispose sportspeople to
osteoarthritis in later life.
“Young teens start to put on
muscle and do more impactful
sports, but they use pliable
children’s bones that then adapt
by strengthening themselves,”
Brockwell says.
One adaptation is the thickening of the ball on the femur, creating a cam deformity – in which the
ball no longer fits properly into the
socket. An adult with a cam deformity from doing sports as a teen
runs a higher risk of developing
osteoarthritis if he or she takes up
“lunging and kicking sports” in
adulthood.
For active people suffering
from pain and stiffness in the hips,
or from groin pain, Brockwell recommends getting a hip X-ray.
“Hip problems give pain in the
groin, butt and inner thigh. These
can be misdiagnosed as hernia, as
prostatitis or gynaecological
issues,” he says. “An X-ray allows
the right diagnosis of the hip,
which can save money and unnecessary medical treatment.”
In 2012, 40-year-old Daniel Ou
came to see Brockwell. The
Korean-American considered
sport his vice, and taking part gave
him a high, he says.
“I played tennis every day, and
ice hockey in three different
leagues. My life was built around
sports – I wanted to act like a
professional athlete,” says Ou, a
product development director for
Lululemon who now lives in
Vancouver, Canada.
Even though hip pain was preventing Ou from leading a normal
life, he continued playing sport.
“On the court, adrenaline takes
over, pain finds a way to go away. I
knew what I was doing to myself,
but there was no turning back.”
Ou had double Birmingham
hip resurfacing surgery in 2014 – a
procedure in which the hip joint is
preserved but metal caps are
placed on the ball of the femur
and the part of the pelvis to which
it connects.
His recovery was arduous – not
only were both hips operated on
at the same time, but he had to
wait for 18 months for a nerve to
regenerate in his right leg. When
he eventually made a full recovery, he decided to give up ice
hockey – to avoid collisions and
contact. But he could not resist a
return to competitive tennis.
For Hong Kong tennis coach
Toby Clark, 41, osteoarthritis got
so bad that “it became painful to
do simple everyday things”. The
An X-ray of a hip that underwent Birmingham hip
resurfacing surgery. Photo: Handout
I knew what I was doing
to myself, but there
was no turning back
DANIEL OU, WEEKEND WARRIOR
former tennis professional, who
started playing at the age of five,
blames a “lifespan of sports activities” for his hip problems.
Despite the pain, he continued
to play competitive tennis in the
top division in Hong Kong.
Another of Brockwell’s patients, Clark’s recovery from hip
surgery was much more straightforward. After his hip resurfacing
surgery in January 2019, the same
month tennis star Murray had his
procedure, Clark says he “was diligent with physio and spent three
to four months off the court. In
September, I started playing doubles, and towards the end of the
year I competed again.”
He feels he is ready for maximum physical effort, but needs to
improve strength in the hip. “I was
not diligent enough on my flexibility,” he says. “If I’d done more, I
would be 100 per cent now.”
Surgery is not the only option
for those diagnosed with the onset
of hip osteoarthritis. Physiotherapy, combined with stretching and
strengthening, can slow joint degeneration and reduce pain.
“It is loading versus capacity,”
says Hong Kong physiotherapist
Simon ten Cate Brouwer, a Canadian former ice hockey player
turned competitive trail runner.
“You must make sure the load
on the vulnerable hip does not exceed its capacity. We can increase
this capacity by adding strength
and range, and reducing biomechanical loading” – identifying
optimal movement patterns to
redistribute pressure.
Brockwell agrees flexibility
and core strength help with pain.
“Hip flexor stretches and abdominal and gluteal strength are key.”
Food supplements – glucosamine and chondroitin, can also
help, he says. “These are raw materials cartilage cells use to make
cartilage. Well-conducted studies
have shown they reduce pain and
possibly slow down arthritis.”
But if surgery is inevitable, it
may do better than just enable the
person to play sport again. Ou
says it made him a new person
and a better athlete.
Ou’s advice to his fellow weekend warriors: “Really listen to your
body. I used to push my body till I
felt pain, [but] now I don’t. Be
humble. Slow down. It’s OK to
take a break.”
Bereave easy – psychotherapist puts grief support at your fingertips
Tracey Furniss
life@scmp.com
Julia Samuel, a psychotherapist
from Britain, has had a long career
caring for those suffering from
grief.
She has worked in the field for
more than 30 years and written
two books, Grief Works: Stories of
Life, Death and Surviving in 2017
and This Too Shall Pass: Stories of
Change, Crisis and Hopeful Beginnings in 2020.
Now Samuel has brought
interactive grief app Grief Works
to the market, working with Nick
Begley, the former head of
research for the popular mental
health app Headspace, and
his team at Psychological
Technologies.
“I felt there was a gap between
the experience of someone reading one of my books and actually
receiving in-person therapy, and
for many, therapy is out of reach,”
Samuel says, referring to the long
waiting lists and high costs of oneon-one counselling.
When Begley got in touch with
her about creating an app that
could help people put the advice
from the books into practice,
Samuel was “really keen”.
“Fast forward two years, we
now have an app that can offer
high-quality grief support that
anyone can carry around with
them and turn to at any time,” she
says.
“You can download and use it
immediately for the price of a coffee a week, and you can interact
with it not unlike the way you
would with a counsellor – only it’s
available to you 24 hours a day.”
This is not the first time that
Samuel has been forward-thinking in her field of work. While
working for Britain’s National
Health Service as a bereavement
counsellor in the paediatrics
department at St Mary’s Hospital
in Paddington, London, she
pioneered the role of maternity
and paediatric psychotherapy.
In 1994, Samuel was involved
in launching Child Bereavement
UK and, as a founding patron, is
still involved with the charity.
This is a far cry from her privileged, society girl upbringing.
Born into the Anglo-Irish brewing
and banking Guinness family, her
father was James Rundell Guinness from the banking side, her
brother Hugo is a well-known artist and illustrator, and her sister,
television producer Sabrina Guinness – now Lady Stoppard – famously dated Prince Charles before
he married Diana Spencer.
Samuel, who at age 20 married
into the Hill Samuel family, was
known in the late 1980s and ’90s
for being a close friend of Diana,
Princess of Wales. They met at a
dinner in 1987.
“We started laughing together.
There was something about her
and something about me that just
worked,” she told You magazine
in 2015. After the death of the princess in 1997, Samuel stayed close
to her sons, Princes William and
Harry, and is godmother to
Diana’s first grandchild and third
in line to the throne, Prince
George.
“In my late 20s, I worked as a
volunteer with [mental health
charity] Mind, and then I worked
as a volunteer in a bereavement
service and rapidly realised that
d
this was the work I would
want to do for the restt
of my life,” says the
62-year-old, who was
made an MBE by
Queen Elizabeth in
2016. “It was the deep
connection to others,
creating a relationship
and being able to make a
difference that inspired
me.”
She explains how she was
drawn to work in the field off
grief. “Both my parents had
experienced multiple significant
losses before I was born, but
didn’t talk about them. I was
drawn to know what was really
going on psychologically, which
led me to realise that we need to
love and remember those who
have died, rather than forget and
move on – which was my parents’
response.
response.”
Grief Works has prompts and
practices to guide users to explore
their feelings and write down their
thoughts in a journal, and gives
advice on how to approach sensitive topics that typically crop up in
the bereavement process, such as
how to manage milestone dates
like anniversaries, how to say no
The Grief Works app (left);
psychotherapist Julia
Samuel. Photos: Handouts
when everything gets too overwhelming, and how to honour a
loved one’s memory.
“If there’s one thing I’ve
learned from more than 30 years
counselling the bereaved, it’s that
there is no one-size-fits-all way to
mourn, and it’s certainly not a linear process, so the app gives you
the time and space to explore
what is right for you, guiding you
to a place where you can live and
love again,” Samuel says.
“There are also meditations,
breathing visualisations, and
even yoga and HIIT [high intensity interval training] sessions that
you can do whenever you need.”
Samuel notes that unresolved
grief is at the root of 15 per cent of
all mental disorders. “Unresolved
grief can lead to complex grief and
depression, both of which can deteriorate and be utterly disabling.
If grief is not dealt with as soon as
possible, it tends to come out in
some unexpected way in the
future,” she says.
Monday, September 20, 2021
LIFE
CINEMA
B13
CULTURE
THE NOVEL THAT
MOST INFLUENCED
THE WUXIA GENRE
The themes, structure and character traits seen
in many modern martial arts books and films
originated from a classic 14th-century work
Richard James Havis
life@scmp.com
The classic 14th-century novel
The Water Margin, attributed to
Shi Nai’an and Luo Guanzhong,
was not the first book to talk about
heroic martial artists, but it has
proved the most influential.
Its 120 chapters tell of 108 outlaws who inhabit the marshes of
Mount Liang in Shandong province, where they fight for justice
against the corrupt officials of the
waning Song dynasty.
The story has had many cinematic and television adaptations,
notably a mid-1970s Japanese
television series that was popular
in the West. Parts of the story were
filmed by Chang Cheh in three
films, The Water Margin (1972),
The Delightful Forest (1972) and
All Men Are Brothers (1973).
“The Water Margin establishes
the literary formula whereby religious men choose to become outlaws rather than serve under
corrupt administrations …”
wrote one film critic.
“The episodic sketching of
each character and their adventures are prototypical, and in their
episodes, we see the seeds of the
fighting styles and mannerisms of
the later wuxia characters.”
The themes and sprawling
episodic structure of The Water
Margin influenced almost every
subsequent wuxia novelist, including literary stars such as Louis
Cha Leung-yung (who wrote
under the name of Jin Yong),
which in turn influenced filmmakers working in the wuxia
genre.
The book’s labyrinthine
storyline gradually brings the stories of the 108 heroes together,
and can be roughly divided into
sections which describe how each
of them became bandits because
of their disillusionment with the
state, their combined exploits
against corrupt local officials and
military commanders, and the
outlaws’ demise fighting alongside imperial troops to help quell
an uprising against the emperor.
“[The book plays out as a] huge
collection of stories and characters presented in movement
across a vast landscape,” write
John and Alex Dent-Young in
their exciting three-volume
English translation, published by
Chinese University Press.
“Events have a mysterious ce-
Director Chang Cheh in 1968.
Each character
is established as
an individual …
with defects to
balance their
heroic qualities
JOHN AND ALEX DENT-YOUNG, AUTHORS
lestial origin, but they unroll with
a logic and vigour that are entirely
human … each of the characters is
clearly established as an individual, generously supplied with defects to balance their heroic
qualities … the emphasis on martial arts and hand-to-hand combat cannot be denied,” they write.
The book is attributed to Shi
Nai’an and Luo Guanzhong, but
has its roots in many folk tales.
The world of The Water
Margin provided a smorgasbord
of ideas for wuxia film directors
such as Chang Cheh.
At its core is the idea that if the
state is corrupt, the just hero
should withdraw from it and fight
against it, rather than try to
change it from within, which
would be a fruitless endeavour.
The heroes, like Chang’s martial artists, are always outsiders, or
insiders who have been forced to
become outsiders because of an
injustice committed against them
or because they cannot stomach
the corrupt officials. The world
becomes split “between the wild
and the cultivated, the mountain
and the marketplace, with ambivalent values attached to each”, the
Dent-Youngs write.
Good men can often be found
among the evil parties, and the
heroes often have bad tempers
and indulge in unnecessary
slaughter. Society is not chaotic
but highly structured, with
powerful judges and policemen
who enforce the law, and problems only arise because the servants of the law are corrupt.
Chang filmed three of Shaw
Brothers’ four Water Margin
adaptations, although he says in
his memoir that he left most of the
directorial work on The Delightful
Forest and All Men Are Brothers to
his co-directors, former cinematographer Pao Hsueh-li and Wu
Ma respectively.
The 1972 film The Water Margin is a lavish all-star production
which tells a story from the middle
of the book. The bandits recruit
master wrestler and archer Yen
Ching “The Prodigy” (played by
David Chiang Da-wai) and the
honest lord Lu Junyi to their ranks,
after a series of misadventures
and wrongful imprisonments.
The Delightful Forest is a story
from earlier in the book, and focuses on how the impetuous and
often drunk fighter Wu Song came
to join the rebels. The hero is
played by Ti Lung, who is on top
form, the kung fu is fast, and the
cinematography is as stylish as
one would expect with a former
cinematographer at the helm.
All Men Are Brothers is a war
film which depicts the demise of
the heroes when they are enlisted
by the Song Emperor to fight a
rebel. Despite its unusual seafighting scenes, the third film is often shoddy, featuring some badly
executed zoom shots, and even
wobbly camerawork.
Chang’s oeuvre typically revolves around male bonding and
brotherhood, and the director
says he was attracted by the idea
of this happening on a mass scale
between the 108 heroes. The
endemic violence of the book – its
brutal scenes have been criticised
throughout its history – was also a
good fit for Chang’s blooddrenched film style.
An appreciation of the Cantonese language, and a growing
familiarity with Hong Kong’s
southern-style martial arts,
spurred his adaptations of the
work, Chang says.
“I first read The Water Margin
when I was a teenager [in mainland China], but only when I came
to Hong Kong was I able to gain a
new understanding of it,” he
wrote.
In this regular feature series on the
best of Hong Kong martial arts cinema,
we examine the legacy of classic films,
re-evaluate the careers of its greatest
stars, and revisit some of the lesserknown aspects of the beloved genre.
David Chiang (left) and Ti Lung in a still from All Men Are Brothers (1973). Photo: Handout
Chan Tak-fai poses with the head of the fire dragon, which is woven from a type of coarse grass, in Tai Hang in 2015. Photo: Sam Tsang
Festival tradition was born of a plague
Fire dragon dance has been performed in Tai Hang for more than 140 years
Erika Na
erika.na@scmp.com
It begins with the sharp beat of
drums.
Hundreds of Hongkongers
have stood together for hours to
hear the beats that signal the
beginning of the fire dragon
dance – a colourful and
atmospheric ritual first performed in Tai Hang village in 1880
to ward off a plague.
Now a different disease is at
large around the world, and the
dragon will once again dance to
bring health and luck – albeit
virtually.
Almost every year, the night
before the Mid-Autumn Festival,
a fire dragon has danced through
Tai Hang, a neighbourhood on
Hong Kong Island. For three
nights in all, the dragon – woven
from a coarse grass, festooned
with burning incense sticks and
held aloft by dozens of performers
– weaves its way through the
narrow streets.
Though the colourful tradition
has been cancelled for the second
year running because of the
pandemic, organisers have found
ways to mark this year’s festivities,
such as posting past performances on YouTube – to bring
good fortune to the entire city.
What’s more, in November the
Tai Hang Fire Dragon Heritage
Centre is expected to open to
introduce the history and culture
behind the annual dance to a
wider public.
Tai Hang, near Causeway Bay,
once a poor fishing village of modest one- and two-storey houses, is
now a fashionable and thriving
neighbourhood – a mix of postwar low-rise buildings and newer
high-rises – with a variety of small
businesses old and new.
One of the few constants
The annual Tai Hang fire dragon dance in 2017. Photo: Dickson Lee
through its history is the fire dragon. Behind the preservation of the
annual ritual is Tai Hang’s tightly
knit community, which has continually supported the fire dragon
dance.
One man’s dedication to the
heritage handed down by past villagers stands out. Chan Tak-fai
has been involved in the tradition
of the fire dragon his entire life.
Recognised by Beijing for his
central role in the Tai Hang fire
dragon dance, which was
inscribed on the National List of
Intangible Cultural Heritage in
2011, Chan says: “I believe I am
carrying out and preserving a
special tradition.”
Chan’s father used to be a fire
dragon dancer, as was every male
villager in Tai Hang in the early
days. From its birth in the 1860s
until the 1960s, it was inhabited
almost entirely by Hakka people.
The Hakka, or “guest families”,
are Han Chinese who moved from
northern to southern China in a
series of migrations beginning in
200BC. They settled in Hong Kong
from 1700 and speak Hakka, a
Chinese dialect distinct from
Mandarin and Cantonese.
The tradition began in 1880
when, so the legend goes, Tai
Hang suffered a plague that was
dispelled only after villagers built
a dragon from straw and covered
it with lit joss sticks. The dance
became a yearly event and every
villager was obliged to take part.
“In the old days, all male villagers had to participate in the dance
as dancers, while all the female
villagers had to cut and collect
grass that built up the fire dragon,”
Chan says.
He remembers touching the
dragon’s head and taking part in
his first-ever dance, brandishing a
cloud-shaped lantern, when he
was five or six. Holding up small
cloud- and star-shaped lanterns
has always been the responsibility
of Tai Hang’s children.
In the early days, he says, the
dance was strictly a village affair
with no onlookers – “It was just us
Hakka people and no one else!” –
and with no bystanders filling the
streets, locals threw fireworks to
the fire dragon when it moved
past their homes.
In the early 1960s, Tai Hang’s
two-storey houses were rebuilt as
six-storey buildings. The bigger
buildings could accommodate
more residents and non-Hakka
people moved into the neighbourhood. Gradually, they began
to take part in the fire dragon
dance, too.
Chan began dancing in the fire
dragon ritual when he was 14, in
1960. He became commander-inchief of the event in 1997, and
leads about 200 men every year in
the dragon dance.
“My village elders thought I
was well suited for the job because
I have closely witnessed the tradition my whole life,” he says.
External factors have twice
prevented the fire dragon from
dancing, once during the Japanese occupation of Hong Kong in
the 1940s, and once in 2020 during
the pandemic. Another community in Hong Kong, Pok Fu Lam,
also stages a fire dragon dance.
Today, the community in Tai
Hang is as tightly knit as ever.
Chan is proud to report that people who leave Tai Hang come
back every year – from other parts
of the city, even from abroad.
“In the whole of Hong Kong,
people of Tai Hang are the happiest group of people during the
Mid-Autumn Festival,” Chan
says.
Once the fire dragon performs
its last dance on the third night, it
returns to the sky. Soon, the only
remnants of the dragon’s visit to
Tai Hang are the colourful confetti
scattered on the streets and the
lingering smell of incense. Both
are gone by the following day.
Every year, Chan engages in
the familiar months-long routine
of bringing the fire dragon back to
life. After the dance, he relaxes: the
fire dragon’s visit to Tai Hang has
been successful. A good year and
good health for everyone has been
wished for.
“I will carry out my duty until I
cannot work any more,” he says.
“I will play the role of the village
elders who would stand by to
make sure everything was going
well when I was young. Until I
cannot.”
ENTERTAINMENT
Former K-pop singer finds acting more her speed
Korea Times
As a K-pop singer, Han Sun-hwa
lived with anxiety and struggled
with a life of fame and the
demands of her career. She could
not even enjoy a cup of coffee with
her friends because she felt guilty
about taking time off work.
Leaving music for acting was a
reset for her, and now she has finally landed her first lead film role
in the romance drama Cinema
Street, about ex-lovers who meet
again and become emotionally
attached to one another.
Working in K-pop for seven
years – from when she shot to stardom in girl group Secret in 2009
until she left the group to pursue
acting in 2016 – she was exhausted, physically and mentally.
“As a member of the girl group,
I was always so busy,” the 30-yearold says. “I didn’t have any time
for relationships. There was no
time to step back and ask myself,
‘How do I actually feel?’ I was too
hard on myself, believing that my
skills would deteriorate if I were to
take a break. My biggest fear, at
that time, was falling behind my
competitors.”
Han finally learned how to
care of herself after shifting her career from music to acting. “I’ve
learned a lot about balance,” she
says. “When I was working as a
singer, everything was happening
so fast. As an actor, I feel more relaxed. I try to take breaks between
jobs, and I love to travel during my
free time.”
The pandemic has restricted
international travel, but she is
enjoying visiting holiday destinations in South Korea.
“I like to see new places and
meet the people there,” she says.
“When I visit lesser-known places,
people don’t recognise me. I feel
comfortable because they treat
me just like everyone else.”
Han has appeared in some 15
television dramas, including Rosy
Lovers (2014), School 2017 (2017),
Save Me 2 (2019), Backstreet Rookie (2020), and Undercover (2021)
but until now she hasn’t had the
chance to act in a feature film.
In her first feature film, Han
plays Sun-hwa, a location scout
from Busan who works with a
film’s pre-production team while
her acting partner, Lee Wan, plays
filmmaker Do-young, who comes
to Busan to work with her. Han
sees herself in Sun-hwa.
“When I wanted to become a
singer, I came to Seoul because it
has good infrastructure and
there’s a higher chance of succeeding in show business,” she
says. “Sun-hwa believes she can
do just fine in Busan. But like Sunhwa, I believed in myself that I
could do this and I wasn’t going to
stop until I made it.”
Han says she has worked extremely hard to achieve her
dreams, even harder than Sunhwa in the film. “I don’t remember exactly when and how I
decided to go into the entertainment industry. I think it was driven by a desire to be on television.
“There were so many twists
and turns. I went through a series
of failed auditions. Then, after I
joined one agency, it went out of
business.”
She has left the exhausting
world of music behind and wants
to concentrate on acting.
“I would very much like for the
audience to see me as the character herself,” she says. “I’m low on
energy and my legs hurt. I don’t
think I can dance like I used to onstage. My brother is also a singer
[Seung-woo of K-pop boy band
Victon] and I’m worried that he
might break a bone some day.”
She expresses support for other girl group members who are
going into acting. “It’s interesting
to see my close colleagues now
starring in dramas and films. I feel
mixed emotions while watching
them,” she says. “I realise we’ve
grown older and I also feel
motivated to work harder.”
Cinema Street opened on Sept 16.
Han Sun-hwa in her debut film lead role in Cinema Street. Photo: Handout
B14
Monday, September 20, 2021
RACING
THE INSIDE WORD
SAM AGARS
Chau earns praise
as apprenticeship
drawing to a close
Alexis Badel urges Danny Shum’s Namjong Sings to victory in the Class Three Chinese Recreation Club Challenge Cup (1,200m) at Sha Tin yesterday afternoon. Photos: Kenneth Chan
SHUM CONTINUES HIS FLYING
START WITH A SHA TIN DOUBLE
The 61-year-old moves to six winners for the term to join Hayes at the top of the championship table
Tom Biddington
tom.biddington@scmp.com
Danny Shum Chap-shing has
continued his hot start to the
season, joining David Hayes at the
top of the championship table
after a double at Sha Tin yesterday
afternoon.
The 61-year-old has built a
reputation as one of the quickest
trainers out of the blocks – a status
that is well-earned – and this year
is no exception with six winners to
his credit after five meetings.
Shum, who finished last
campaign in fifth position with 57
victories, is one of the most
consistent handlers in Hong Kong
but he’s hoping his good form is
not just a flash in the pan.
“I always try my best, hopefully
it’s not just a fast start and I finish
strong too,” he said. “I’m happy.
The whole team has done a good
job.”
Decisive Action kicked things
off for the team with a strong
performance in the Class Four
I always try my
best, hopefully
it’s not just a fast
start and I finish
strong too
TRAINER DANNY SHUM
Shrike Handicap (1,600m). Jockey
Zac Purton settled the five-yearold in the second half of the field
before letting down strongly to
overhaul early leader Speed Fay
Fay in the dying stages.
“He didn’t get the start right, I
was a touch further back than I
wanted to be but the pace of the
race early helped me and he’d
already had that run this season,”
Purton said. “He’s obviously
capable on his day, he’s just a little
bit hard to follow sometimes. But
once again Danny comes to the
fore. He’s been a great supporter
over a long period of time and he
continues to turn his horses out in
good form for me.”
Namjong Sings completed the
double by mimicking the effort of
his stablemate – coming from
near the back of the pack to edge
out Tony Cruz’s debutant California Cible on the line.
Shum took particular pride in
that result given the six-year-old
had to overcome a health scare a
few months ago.
“He had colic last season in
Conghua so I gave him some time
off to recover and give him
confidence. It took him two or
three months. He nearly needed
surgery so it was lucky,” he said.
“He’s always honest – he always
runs well.”
Despite the narrow margin,
jockey Alexis Badel felt the result
was always in hand.
“I was a bit more confident
than it looked in the finish,” he
said.
“I was confident in the way he
responded and gave a good kick. I
just thought the last 50m, the
horse on the inside [California
Cible] gave a good kick, but I was
confident.”
It completed a double for the
Frenchman, who also tasted
success with the Chris So Wai-yintrained Entrusted in the Class
Three Swallow Handicap
(1,600m).
The five-year-old broke
through for his first Hong Kong
win at start 13, unleashing a strong
sprint in the home straight to beat
Enzemble.
“I knew he was a good horse
from his last prep – I was very
confident with him,” Badel said.
It was almost a treble for the
jockey, who fell the barest of
margins short with stablemate
King Of The Court on debut in the
fourth race, with Happy Time
prevailing by a pimple.
“He’s a nice horse, he’s been
well-educated and no doubt he
will improve a lot out of this. He’s
still a bit of a baby,” he said.
“I was outpaced during the
race and he took a little bit of time
to get going and build momentum. He’s got a big action and he
probably wants a little bit further,
so he was just unlucky to find a
horse who had the perfect race on
the inside.”
Badel now has four winners
under his belt as he looks to
eclipse his total of 58 from last
season.
“It’s extremely nice [to have a
double]. It’s good to keep the ball
rolling and I want to keep the
momentum going,” he said. “I will
try to improve [on 2020-21], I will
try to give my horses every chance
and I will see where I am at the end
of the season.”
Millard’s patience rewarded as C P Brave salutes
Sam Agars
sam.agars@scmp.com
Progressive four-year-old C P
Brave rewarded Tony Millard’s
patience at Sha Tin yesterday,
surging home after a moment of
uncertainty in the straight to take
out the Class Two Woodpecker
Handicap (1,600m) in convincing
fashion.
After meeting nothing but
backsides late aboard another hot
favourite Leap Of Faith earlier in
the card, jockey Joao Moreira
must have thought history was
repeating as he searched for a run
400m from home aboard $1.85
shot C P Brave.
But the gap appeared up the
inside of leader Highland Fortune
for the day’s best-backed runner
and he powered home to ring up
his first Hong Kong victory at start
four.
“Good horses, they win – I
couldn’t be happier,” Millard said.
“He’s a nice horse, we could have
run him at the end of last season
but he just wasn’t doing well
enough and the heat had got to
him.
“So we just backed off, sometimes you’ve got to do the right
thing and that was the right thing
to do at the time. It was very nice
and Joao is very happy with this
horse.”
After beginning his Hong Kong
career off a mark of 76 following
two wins from four starts in
Britain, C P Brave worked his way
into Class Two on the back of two
close placings and carried just 116
pounds from the inside gate.
“He’s certainly come along
well and I think he can improve –
he’s going to need to improve because in Class Two there’s some
pretty good horses and he got all
the advantages because he had
the draw and the weight. But a win
is a win and we’ve got to enjoy it
and move forward,” Millard said,
suggesting he will endeavour to
step his charge up in trip in time.
Moreira, who positioned C P
Brave in the box seat from gate
one in his first-up run, was
Star jockey Joao Moreira drives C P Brave up the inside of Highland Fortune to salute at Sha Tin yesterday.
impressed with the feeling he got
in his first ride on the galloper.
“I think he is very talented.
He’s just in the making still. As
times goes by, he’s progressing
and that’s what you would wish
from a horse who is beginning
their campaign. It’s hard to
predict where he will go up to, but
he’s very promising,” the Brazilian said.
C P Brave provided Millard
with his third winner of the season
– “we’re ticking over, I’m happy” –
while the win completed a
running double to round out the
card for Moreira after his victory
aboard Dragon Fortune in the
Class Three Tailorbird Handicap
(1,400m).
“I was expecting to have a good
day because some of my rides
were favourites but we just had to
wait until the last few races of the
day to make it happen,” Moreira
said. “Fortunately we did and I
certainly go home with a smile on
my face.”
As well as Leap Of Faith,
Moreira also went under aboard
favourites Fairy Floss, Glenealy
Generals, Beauty Spirit and the
highly touted Drops Of God.
Jerry Chau Chun-lok has drawn
praise from Douglas Whyte and
Richard Gibson after a running
double to start yesterday’s card
and the 21-year-old is trying to
stay as focused as possible as
the end of his apprenticeship
looms.
Victories aboard
Gameplayer Times and
Cordyceps Six mean Chau has Jerry Chau talks to his boss
Douglas Whyte after their win.
now snared 68 winners from
610 rides since he began his
Hong Kong career in May last
year, leaving him two victories away from becoming a senior
jockey.
“I studied the form [on Saturday], tried to make sure everything
is all right and tried to make sure I’m sharp,” said Chau.
While the jockey was succinct in his assessment, the
beneficiaries of his work in the saddle where happy to elaborate.
Chau’s first success came for boss Douglas Whyte in the Class
Four Cuckoo Handicap (1,650m) on the all-weather track, with
Brazilian Group One winner Gameplayer Times breaking his Hong
Kong maiden at start 14.
Chau took a sit behind the leaders aboard Gameplayer Times in
a race that was slow early but nearly a second inside standard for
the final six furlongs. The six-year-old travelled beautifully in a
messy race before sneaking up inside Toycoon in the straight and
pulling away to win by two and three-quarter lengths.
“Jerry rode a 10-out-of-10 race. It’s easy to watch it from the
public’s point of view, he was sitting box seat – but they were going
terribly slow, so he could have been in all sorts of trouble,” Whyte
said. “He could have been very unlucky going past the line with
nowhere to go. But he rode a heady race, he stuck to the rail instead
of trying to force his way out.
“He rode with confidence, he waited for the horse in front to roll
off the rail and it was the winning move. If he tried to come out, he
would have run into trouble. It just shows the young man is now
riding with a lot of confidence and he deserves to be winning
races.”
Chau impressed Gibson after taking the initiative aboard
Cordyceps Six in the Class Four Hwamei Handicap (1,000m).
Chau sat off the outside rail in midfield from gate 10 aboard
Cordyceps Six before taking the $8.70 chance towards clear air in
the middle of the track and allowing the three-year-old to hit the
line for his second win at start five after he saluted at $108 in Griffin
grade last season.
“First-up this season he actually ran a good race but we were
drawn on the other side. Today it was a big advantage having the
apprentice and I thought he made a very brave move in the latter
stages of the race,” said Gibson after snaring his first victory of the
new season. “Going wide on the straight is often difficult but he
accelerated well and did the job. It was a brave move because often
you want to come on the stands side, I was a bit worried when he
suddenly went out but the horse had the class and the ability to get
to the line. Today with a better draw he was always going to be
tough to beat.”
Apolar’s bumpy path to success
After a roller-coaster journey
which included a scary crash,
Apolar Warrior has finally made
it to the winner’s circle.
Ricky Yiu Poon-fai’s fiveyear-old was involved in a
terrifying accident early in his
career when he dislodged rider
Derek Leung Ka-chun just after
the start before tearing around
Sha Tin and crashing through Harry Bentley and Ricky Yiu enjoy
Apolar Warrior’s result at Sha Tin.
the outside rail and a cyclone
fence.
Thankfully, he emerged
largely unscathed from the incident in July 2020 and after knocking
on the door for much of last season, he finally repaid the faith of
connections in the Class Five Lark Handicap (1,650m).
Harry Bentley settled Apolar Warrior in midfield from barrier
five, before finding clear room at the top of the straight and racing
away to beat Crown Avenue by two and a quarter lengths in a classrecord time of 1:38.3.
The result was a pleasing one for Yiu, giving the 2019-20
champion trainer his first victory of the term.
“[He’s a] very late maturing horse, physically and mentally,
[and is] only starting to show a bit of determination in the last two
runs,” Yiu said. “He’s OK on the dirt because it’s a bit softer for him.
He can handle turf also. He’s near the bottom of Class Five, so he
should be able perform well again. The horse needed to win and
Harry himself needed a winner, so it’s good.”
There was some fallout from an incident earlier in the race
though, with Tony Piccone outed for two meetings for careless
riding aboard Zelus.
Yip on the double
Dennis Yip Chor-hong enjoyed
a good afternoon at Sha Tin,
taking home a double after the
performances of Happy Time
and Solar Power.
Matthew Chadwick kicked
things off with a terrific ride
aboard Happy Time in the
Class Four Magpie Handicap
(1,200m), ducking down to the
rail from barrier 10 and taking Trainer Dennis Yip flashes the
peace sign after his double.
all the short cuts in running.
It proved the winning move
as the eight-year-old held off
Chris So Wai-yin’s fast-finishing debutant King Of The Court by the
narrowest of margins.
Antoine Hamelin had an easier time of things on Solar Power in
the Class Four Sunbird Handicap (1,400m), rolling straight to the
front from the outside gate and never being headed.
The five-year-old streeted his rivals, coming away to beat Sunny
Baby by two and three-quarter lengths with Kung Fu Tea in third.
Lo hitting his stride in Australia
Former Hong Kong apprentice Gary Lo King-yeung enjoyed his
biggest day in the saddle, collecting the Listed Wylie Handicap in
Adelaide as part of a winning double on Saturday.
Lo, who was sacked by the Jockey Club last year for conduct
issues before riding in a race, lifted Free Of Debt to victory at $20 in
the feature at Morphettville, while also guiding Huffington home
for his boss Phillip Stokes earlier in the day. The 22-year-old now
has seven winners from 53 rides this season.
“What a big day I will remember,” Lo tweeted.
Meanwhile, ex-Hong Kong galloper Gold Win – who now races
as Dice Roll – finished second in the Group One Sir Rupert Clarke
Stakes at Caulfield in Melbourne on Saturday, narrowly edged out
by Sierra Sue.
Monday, September 20, 2021
RACING
B15
FOR THE RECORD
TT FORTUNES
Powering down
The TT was partially won for $4 and a jackpot of $3,864,620 will
be carried to next Sunday’s Sha Tin meeting. In the first leg, Happy
Time ($118) squeaked home by a lip over the fast-finishing
debutant King Of The Court ($46) after hitting the front near the
200m with favourite Lucky Maryknoll ($37) close away in third.
Favourite Decisive Action ($41) wore down long-time leader Speed
Fay Fay ($100) for the win with Party Everyday ($81) getting the
head down late for third to keep $937 in play with two legs down.
Well-backed Solar Power ($52) comfortably made all with Sunny
Baby ($120) running on late to just edge King Fu Tea ($96) for
second in the final leg.
WHERE THERE’S SMOKE
RACE 1
Gameplayer Times ($44 to 433) got through along the
inside to take control 150m out following a dream run.
Glenealy Generals ($44 to $22) found nothing when
asked for an effort travelling worse than midfield.
Turf Brilliant ($120 to $86) ran on late to just miss a
placing after biding his time one from the rear.
Happy Time ($160 to $118) just held off the fastfinishing King Of The Court ($65 to $46).
Party Everyday ($110 to $81) ran on steadily to just get
the head down for third after a dream run.
Money was spot on for Solar Power ($120 to $52) who
easily made all from a wide gate.
Entrusted ($130 to $73) came from well back to win
going away 30m out to land a betting plunge.
California Cible ($120 to $74) went with a few strides
of making all.
Dragon Fortune ($57 to $34) pinged out of the gate
and never looked back as the post-time favourite.
C P Brave ($24 to $18) took control 100m out after
enjoying a perfect run on the leader’s back to salute.
RACE 2
RACE 3
RACE 4
RACE 5
RACE 6
RACE 7
RACE 8
RACE 9
RACE 10
SIN BIN
Cheerful Leader ($150), in Race Five, only plodded when push
came to shove following a prominent run. He has proven costly in
both starts this term and it’s best to leave him alone for now.
STICK WITH
King Of The Court ($46), in Race Four, let down very well from
behind midfield to just miss in an eye-catching debut effort. The
future looks promising and he’ll be striking shortly.
Antoine Hamelin guides Solar Power to a comfortable victory in the Class Four Sunbird
Handicap (1,400m) at Sha Tin yesterday. The Frenchman rolled straight to the front
from the outside barrier and the Dennis Yip-trained five-year-old was never troubled
VITAL STATISTICS
from that point, coming away to beat Sunny Baby and Kung Fu Tea. The result gives
Hamelin his second win of the campaign while the handler has five winners, sitting
third in the premiership behind Danny Shum and David Hayes. Photo: Kenneth Chan
Total turnover: $1,544,149,892 (up 2.26 per cent)
Total attendance: 7,044 (up 193 per cent)
Yesterday’s Sha Tin Results
Comments by Phillip Woo
RACE FOUR
RACE SEVEN
RATED 60-40 (CLASS 4) _ 1,200M
RATED 80-60 (CLASS 3) _ 1,600M
RACE ONE
MAGPIE HANDICAP
CUCKOO HANDICAP
RATED 60-40 (CLASS 4) _ 1,650M (DIRT)
Pos
1
No Name
1 Gameplayer Times
Odds
Win
invest
'000
3.3sf
7,139
Place
invest Jockey
'000
3,848 C. L. Chau
Wt
Drw
128
1
Win
Margin
2
5 Toycoon
25
913
993 H. Bentley
125
5
2-3/4
3
8 London Luckystar
15
1,549
1,484 M. F. Poon
113
3
2-3/4
4
9 Oh Bravo
18
1,259
1,282 A. Badel
115
7
3
5
3 Lady First
9.3
2,496
2,163 K. Teetan
128
2
3-3/4
6
2 Super Fast
9.1
2,552
7
6 Fairy Floss
2.2f
10,544
2,081 C. Y. Ho
133
9
4
4,414 J. Moreira
124
4
5-1/2
8
7 Blazing Beat
67
346
513 H. T. Mo
118
8
6
9
4 El Jefe
15
1,544
1,797 K. C. Leung
126
6
6-1/4
28,346
18,578
Totals:
Quinella: Total sales: $28,739,244
Sales on winning combination 1x5: $604,097
Sales on winning QP combination 1x5: $647,787
Time: 1:38:32 (28.36, 23.06, 23.56, 23.34)
Trainer: D. Whyte
Owner: Lam Yau-pik & Rex Lam Lam
Pos
1
2
3
4
5
6
7
8
9
10
11
12
No Name
Odds
Win
invest
'000
12
4
9
2
1
11
5
6
3
7
8
10
Happy Time
11
1,988
King Of The Court
4.6sf
5,102
Lucky Maryknoll
3.7f
6,348
Courageous Knight
9.9
2,366
My Ecstatic
5.1
4,582
Moon Peaks
8.1
2,917
Happy Daily
43
541
Treasure Of Field
22
1,039
Daily Beauty
84
277
Touch Faith
8.5
2,756
Mega Bonus
42
556
Honey Bee
99
134
Totals:
28,611
Quinella: Total sales: $35,526,690
Sales on winning combination 4x12: $1,249,662
Sales on winning QP combination 4x12: $902,353
Time: 1:08:81 (24.12, 21.75, 22.94)
Trainer: C. H. Yip
Place
invest Jockey
'000
SWALLOW HANDICAP
Wt
2,274 M. Chadwick
3,694 A. Badel
4,432 R. Maia
2,064 K. Teetan
3,840 Z. Purton
3,013 H. W. Lai
768 K. C. Leung
1,102 C. Schofield
401 K. H. Chan
2,938 J. Moreira
767 H. Bentley
232 V. Borges
25,530
113
125
118
125
133
115
122
121
118
120
119
116
Win
Drw
Margin
10
5
1
9
4
2
3
11
6
7
8
12
Nose
3/4
2-1/2
3-1/4
5
6
6-1/4
10
10-1/4
14-3/4
28-1/2
Owner: Johnny Cheung Shun-yee
Punted late Gameplayer Times snuck through along the inside to win going away 150m
out after a dream run fourth along the fence. He took full advantage of gate one dropping
in grade with the claim well utilised. Toycoon kept on gamely to just hold second despite
getting pestered for the lead to his outside by Blazing Beat. It was his best run to date with
a switch to the dirt. London Luckystar followed the trail of the winner to come from near
last at the top of the straight to just miss second by a lip. He’s always a chance on this surface and was stepping out off a career low in the ratings. Oh Bravo just missed a placing
with a move down the outside after covering ground the entire trip towards the rear from
a wide gate. He stepped out rated 40 and will be a force to be reckoned with if he decides
to drop down to Class Five next time out. Lady First came up one-paced after switching
out for a clear run upon straightening following a prominent run. He needed the outing.
Super Fast weakened after getting caught three-deep without cover chasing the speed.
Favourite Fairy Floss found nothing when asked for an effort after over-racing at the
rear in a tightly-packed race.
Punted late Happy Time just held on by a lip after hitting the front near the 200m following a perfectly-executed ride three back on the fence despite a wide draw. He was able to
build on a good run on opening day and the light weight helped. Newcomer King Of The
Court ran on strongly near the outside to make it close on the wire after making his run
four back and one off the fence. It was a solid run on debut and he’ll be finding the winner’s circle shortly. Favourite Lucky Maryknoll stayed on well to finish a clear-cut third
just behind the quinella pair following a handy run along the fence. She was able to hold
her own up in grade off a light weight. Courageous Knight came from near last to fill the
frame without menacing the top-three. It was another pleasing effort at just his second
start following a placing in May. My Ecstatic came up one paced when popped the question travelling one off better than midfield carrying top weight. He might be ready to
tackle a longer trip now. Moon Peaks gradually faded over the last 100m after emerging
the leader 600m out in a mad dash of five for the front. He went okay but needs to raise
his game at this level.
RACE TWO
RACE FIVE
HWAMEI HANDICAP
1
2
3
4
5
6
7
8
9
10
11
12
13
No Name
Odds
1
9
4
12
2
7
5
6
8
11
13
10
3
Win
invest
'000
2,306
1,144
178
653
1,205
196
5,300
366
2,333
8,935
131
1,312
255
24,322
Cordyceps Six
8.7
Smart Idea
17
Kowloon East Star
99
Carry The Diamond
30
Eight Trigrams
16
Foxhunter Way
99
Master Aqua
3.8sf
Spartan Missile
54
Circuit Seven
8.6
Glenealy Generals
2.2f
Win Tech
99
G One Excellent
15
Island Surprise
78
Totals:
Quinella: Total sales: $29,272,008
Sales on winning combination 1x9: $419,144
Sales on winning QP combination 1x9: $489,792
Time: 0:56:29 (13.20, 20.40, 22.69)
Trainer: R. Gibson
Place
invest Jockey
'000
2,475 C. L. Chau
1,306 K. Teetan
275 R. Maia
833 M. Chadwick
1,396 A. Badel
317 C. Y. Ho
3,432 Z. Purton
507 L. Ferraris
2,696 M. F. Poon
4,678 J. Moreira
258 C. Wong
1,571 A. Hamelin
363 K. C. Leung
20,113
Drw
128
123
125
116
129
124
125
125
121
121
109
121
125
10
4
6
5
3
12
7
8
9
13
2
11
1
Win
Margin
1-1/4
1-3/4
1-3/4
1-3/4
3-1/2
3-3/4
4
5
5-1/2
5-1/2
7-3/4
13
Owner: Catherina Yim Wai-ling
Pos
1
2
3
4
5
6
7
8
9
10
11
No Name
4
2
1
6
9
11
7
5
8
3
10
Odds
Decisive Action
Speed Fay Fay
Party Everyday
Robot Warrior
Copartner Era
Tailor Made
Cheerful Leader
Free Foal
Dragon Commander
Super Elegance
Happy Win Win
1
2
3
4
5
6
7
8
9
10
11
--
Odds
11
2
12
4
1
3
6
9
5
8
7
10
5.4sf
9.2
14
8.6
2.1f
34
19
10
88
15
94
4,038
2,406
1,481
2,565
10,422
644
1,145
2,149
248
1,451
235
Apolar Warrior
Crown Avenue
Lucky Victor
Turf Brilliant
El Valiente
All Best Friends
Lucky Puzzle
Ruby Stars
Amazing Boy
Mister Monte
Zelus
Sincere Boy
Totals:
26,790
Quinella: Total sales: $33,616,014
Sales on winning combination 2x11: $1,483,510
Sales on winning QP combination 2x11: $1,394,250
Time: 1:38:30 (27.96, 23.76, 23.14, 23.44)
Trainer: P. F. Yiu
3,313
2,709
1,639
2,642
5,396
865
1,346
2,326
389
1,936
414
H. Bentley
K. Teetan
M. L. Yeung
A. Badel
Z. Purton
M. Chadwick
J. Moreira
K. C. Leung
A. Hamelin
K. H. Chan
T. Piccone
Withdrawn
22,981
Place
invest Jockey
'000
4,485
2,559
3,275
3,505
1,859
2,896
1,912
3,515
2,532
1,733
1,064
Odds
8
5
9
10
4
1
6
7
3
2
7.3
18
13
4.4sf
2f
11
17
20
63
99
3,280
1,274
1,832
5,421
12,114
2,025
1,366
1,192
375
199
Entrusted
Enzemble
Chevalier Prince
Soulmate
Leap Of Faith
California Ten
Above
Mr Aldan
Arthur's Kingdom
Green Laser
Wt
119
131
118
128
132
128
127
125
127
118
127
5
8
11
2
4
6
9
3
10
1
7
2-1/4
2-3/4
3
5-3/4
7-1/4
8
8-1/2
11
12-1/4
13-1/4
Owner: Friends of Shine Tak Syndicate
Apolar Warrior responded well to take control passing the 200m after travelling one off
better than midfield to ring up a first win at his 17th start. He was knocking on the door
late last season on both surfaces. Crown Avenue ran on widest out to grab second 80m
out after a wide with cover run travelling midfield from a wide gate. He was fitter for two
outings already this term and relished a return to the dirt. Lucky Victor kept on gamely
after setting a swift pace leading in front from a wide draw. He proved a last-start win in
Class Five was not a fluke. Punted late Turf Brilliant came from near last to fill the frame.
It was a good effort first start back after an extended break. Favourite El Valiente came
up one-paced over the final 100m travelling fourth last after copping a bad check 1,350m
out. He had an excuse and should eventually find his mark in this grade. Old-timer All
Best Friends ran on without threatening from towards the rear. He hasn’t disgraced in
either Class Five start this season but is better suited on the turf. Ruby Stars weakened
after finding nothing under the pump chasing the leader on the fence. He needed the run.
1
2
3
4
5
6
7
8
9
10
11
12
13
--
No Name
Odds
10
13
12
7
11
2
6
9
3
4
8
14
5
1
5.2sf
12
9.6
16
48
40
6.8
49
13
99
9
40
2.9f
Solar Power
Sunny Baby
Kung Fu Tea
President's Choice
Country Boy
Noble Steed
Flying Victory
The Jolly
Emerald Spur
Young Thunder
Swift Spirit
Telecom Elite
Beauty Spirit
Encouraged
Win
invest
'000
4,939
2,159
2,709
1,626
537
636
3,792
531
1,930
198
2,898
645
8,949
Wt
Drw
Totals:
31,555
Quinella: Total sales: $35,938,311
Sales on winning combination 10x13: $922,795
Sales on winning QP combination 10x13: $924,622
Time: 1:21:18 (13.68, 21.67, 23.12, 22.71)
Trainer: C. H. Yip
Drw
117
125
114
115
128
128
122
120
128
132
10
9
4
6
2
7
1
8
3
5
Win
Margin
1-1/4
1-1/4
2-1/4
3
3-1/4
3-1/4
4
5-1/4
8
18,648
Owner: Connie Wong Lui Chun-tai
Pos
Z. Purton
C. L. Chau
J. Moreira
K. Teetan
V. Borges
K. C. Leung
C. Y. Ho
M. Chadwick
H. T. Mo
C. Schofield
A. Hamelin
127
127
133
126
122
116
125
126
121
130
117
2
11
9
3
7
1
4
10
5
8
6
3/4
1-1/2
1-1/2
1-3/4
2-3/4
3-3/4
4
7-3/4
8
10-1/4
Owner: Friends of Pok Oi Syndicate
1
2
3
4
5
6
7
8
9
10
11
No Name
Jockey
A. Hamelin
M. L. Yeung
K. C. Leung
K. Teetan
A. Badel
C. Y. Ho
Z. Purton
C. L. Chau
M. F. Poon
M. Chadwick
R. Maia
H. T. Mo
J. Moreira
Withdrawn
26,249
Odds
4
8
7
6
3
9
10
5
1
11
2
Win
invest
'000
1,668
4,112
783
6,530
12,861
2,901
4,509
306
2,497
101
680
36,956
Place
invest Jockey
'000
1,818 A. Badel
3,291 M. F. Poon
1,071 K. C. Leung
4,147 Z. Purton
5,094 J. Moreira
2,901 C. Y. Ho
3,603 K. Teetan
427 V. Borges
1,998 C. L. Chau
194 H. T. Mo
735 L. Ferraris
25,283
Pos
1
2
3
4
5
6
7
8
9
10
11
--
No Name
Wt
Drw
Win
Margin
Namjong Sings
18
123
7
California Cible
7.4
116
1
SH
Eligere
38
120
4
N
Star Of Yuen Long
4.6sf
121
5
1/2
Drops Of God
2.3f
130
11
1
Copartner Ambition
10
117
9
2
Jade Phoenix
6.7
117
3
4
Baby
99
122
8
4-1/4
Equaletta Blitz
12
128
6
4-1/2
Star Of Glory
99
113
2
6-1/4
The Hulk
44
133
10
44
Totals:
Quinella: Total sales: $40,703,361
Sales on winning combination 4x8: $565,977
Sales on winning QP combination 4x8: $622,564
Time: 1:08:87 (23.90, 22.60, 22.37)
Owner: Mr & Mrs Irons Sze, Sherman Sze Yung-lok and Eric Sze
Trainer: C. S. Shum
Chung-lok
Namjong Sings quickened nicely with one wider out after a patient ride fourth last from
a middle draw to snatch victory on the wire from California Cible. He had only placed in
one of four starts after back-to-back wins but was able to raise the stakes here. Wellbacked newcomer California Cible nearly went pillar-to-post in a superb debut effort.
Eligere just got up for third following a prominent run along the fence. He can produce an
odd good run now and then. Punted late Star Of Yuen Long stayed on well travelling one
off better than midfield to just miss a placing. He’s better suited over a longer trip. Favourite Drops Of God didn’t have much left in the tank over the last 100m after briefly hitting
the front 300m out tracking the leader one off the fence from a wide gate. He did have to
cope with a big weight following a July success. Copartner Ambition ran on without ever
looking a threat from towards the rear. He’ll need to step up to be competitive at this
level. The Hulk struggled to stay in touch at the rear. He got the pass to run despite being
moody and taking off after unseating his rider prior to the start.
RACE NINE
11
5
12
10
4
7
6
2
3
9
8
1
119
114
118
127
118
133
129
117
129
130
125
110
129
14
4
7
12
13
9
5
11
10
1
2
3
6
Win
Margin
Pos
2-3/4
3
3-3/4
4-1/4
4-1/4
4-3/4
4-3/4
5-1/4
5-1/2
6-1/4
6-3/4
8
1
2
3
4
5
6
7
8
9
10
11
12
--
Owner: William Yu Kit-ying
Plunged late Solar Power led from gate 14 and never looked back after cornering two
lengths on top to ring up a first win at his 13th start. He put the writing on the wall with a
near win last Sunday. Sunny Baby ran on nicely from behind midfield to just edge Kung
Fu Tea for second. He was able to build on a solid run on opening day and will be breaking
through shortly. King Fu Tea lost the quinella spot late after a wide without cover run in
midfield. He appears to have taken the step higher after a win in Class Five in May. President’s Choice ran on steadily for fourth after settling five back and three deep with cover. He was fitter for a luckless effort on opening day and is approaching a rating bottom.
Country Boy was yielding ground 100m out after chasing the speed one off from a wide
draw. He’s improving with racing. Flying Victory never fired after a one-out, one-back
run. He’s better suited ridden for luck. Favourite Beauty Spirit never fired a shot from
towards the back. It was a disturbing effort after an opening day placing. Encouraged
was withdrawn by the stewards on vet advice.
No Name
Odds
13
2
3
5
9
6
1
7
8
12
10
4
11
3.4f
4.8sf
21
16
7.2
7
12
7.8
48
60
17
46
Dragon Fortune
Hall Of Champ
Tempest Express
Tianchi Monster
Charity Grace
Star Performance
Super Oasis
Horsesain Bolt
Kasi Farasi
Happy Land
Splendid Living
Helene Allibor
Perfect Pair
Win
invest
'000
9,215
6,463
1,469
1,858
4,332
4,450
2,516
3,999
649
518
1,838
677
Place
invest
'000
5,572
5,508
1,354
2,045
3,829
4,265
2,732
4,488
865
797
2,087
760
Jockey
J. Moreira
B. Shinn
A. Badel
A. Hamelin
M. F. Poon
K. Teetan
C. Y. Ho
C. L. Chau
M. Chadwick
H. Bentley
T. Piccone
M. L. Yeung
Withdrawn
34,305
Place
invest
'000
7,573
3,394
3,671
2,677
1,827
1,317
1,861
3,740
3,223
1,753
366
Jockey
Wt
Drw
Win
Margin
Odds-on favourite C P Brave took control 100m out after enjoying a saloon run on the
leader’s back to ring up a first local success. He relished the light weight up in grade after
making a solid impression in three prior starts. Highland Fortune kept on well for second after working to the lead from gate nine. He relished a rise in trip after a pleasing fifth
on opening day over the 1,400m. Celestial Power stayed on well for a placing after easing off the speed to travel one-out, one-back. He had his chance but it was a good effort up
in grade off a light weight. Zebrowski ran on steadily to fill the frame after a one-off run
in midfield. He’s made a good impression in both starts and is crying out for an even further trip. Flying Quest made a nice bid late when the race was all but over travelling third
last. He needs a stronger pace. Charity Go was another doing his best work late when the
race was all but over settling fourth last along the fence. He needs a longer trip. The Rock
couldn’t keep up the gallop after working hard to sit outside the leader 1,100m out. Super
Football never fired travelling towards the rear. He needed the run.
1
2
3
4
5
RATED 80-60 (CLASS 3) _ 1,400M
Drw
Win
invest
'000
17,962
3,102
3,259
2,359
1,651
1,080
1,599
3,656
3,501
1,660
219
C P Brave
1.8f
J. Moreira
116
1
Highland Fortune
10
K. Teetan
120
9
1-1/2
Celestial Power
10
M. F. Poon
114
6
1-3/4
Zebrowski
14
M. L. Yeung
117
2
2-1/4
Flying Quest
20
C. L. Chau
116
5
2-1/2
Charity Go
30
M. Chadwick
118
7
3-1/4
Beauty Fit
20
V. Borges
118
3
3-1/2
The Rock
9sf
A. Badel
132
8
3-1/2
Super Football
9.4
Z. Purton
124
10
4-3/4
Helene Wisdom Star
19
C. Y. Ho
117
11
7
Sunshine Warrior
99
A. Hamelin
118
4
7
Charity Fun
Withdrawn
Totals:
40,051
31,405
Quinella: Total sales: $58,955,766
Sales on winning combination 5x11: $5,253,549
Sales on winning QP combination 5x11: $3,173,409
Time: 1:33:64 (24.40, 22.99, 23.54, 22.71)
Owner: Mr & Mrs Leung Lun, Paul Leung Yuk-hung and Kenneth
Trainer: A. T. Millard
Leung Yuk-wai
6
TAILORBIRD HANDICAP
Wt
Odds
FULL DIVIDENDS
RATED 80-60 (CLASS 3) _ 1,200M
Win
Margin
29,339
Place
invest
'000
3,973
2,257
2,400
1,912
642
719
3,155
677
1,495
326
2,777
986
4,926
A. Badel
Z. Purton
M. F. Poon
M. L. Yeung
J. Moreira
C. L. Chau
K. C. Leung
K. Teetan
C. Y. Ho
L. Ferraris
Wt
CHINESE RECREATION CLUB CHALLENGE CUP
(HANDICAP)
RATED 60-40 (CLASS 4) _ 1,400M
Pos
2,212
1,184
1,529
3,691
4,584
2,115
1,337
1,116
545
331
RATED 100-80 (CLASS 2) _ 1,600M
Plunged late Entrusted came from near last to mow them down 30m out for a first win at
his 13th start. He’s really turned the corner in his final two of four starts after a stable
change and can head higher. Enzemble tracked the leader Soulmate from a wide draw,
went for home on top at the 300m and just held off Chevalier Prince for second. He too
has improved following a stable change in the middle of last season. Punted late Chevalier Prince just failed grab second after a one-out, one-back run. His trackwork and a trial
has improved after disappointing last season. Soulmate kept battling away to hold down
fourth after finding the front from a middle draw. He proved a placing at his final start last
season was not a fluke but may need to drop a grade to score an elusive first win. You can
forget the run of favourite Leap Of Faith who was all dressed up with nowhere to go
following a box-seat run. California Ten made ground late travelling last after a sluggish
start. He’s his own worse enemy at the gate and requires a longer trip. Above came up
flat when asked for more after a midfield run. Like the latter, he needs further trips.
RACE SIX
Win
Drw
Margin
Place
invest Jockey
'000
Totals:
29,083
Quinella: Total sales: $30,654,428
Sales on winning combination 5x8: $411,971
Sales on winning QP combination 5x8: $557,096
Time: 1:33:99 (24.40, 23.00, 23.62, 22.97)
Trainer: W. Y. So
SUNBIRD HANDICAP
RATED 40-0 (CLASS 5) _ 1,650M (DIRT)
No Name
6,482
2,652
3,281
4,405
1,620
3,057
1,754
4,376
2,046
1,551
900
No Name
Win
invest
'000
RACE EIGHT
Favourite Decisive Action just got the better of Speed Fay Fay near the 100m after
straightening five deep following a one-off run behind midfield to ring up a third career
win. He goes well for Zac Purton and was fitter for a positive run last Sunday over the
1,400m. Speed Fay Fay found one just too good after clearing to the lead from a wide
draw. He was fitter for a run and appreciated the claimer’s allowance with a step up in distance. Well-backed late Party Everyday just edge Robot Warrior by a pimple for third
after a box-seat run. It was a good effort carrying top weight with a return to Class Four.
Robot Warrior ran on well after splitting rivals 200m out from a position towards the
rear to nearly place. He’s racing well. Copartner Era came from last at the head of the
straight to nearly fill the frame. He’s capable but not reliable. Punted late Tailer Made
came up one-paced over the last 100m after looming a chance at the 200m following a
handy run. He was in need of the outing and a longer trip. Cheerful Leader came up flat
when asked for an effort following a prominent run with money coming for him late. He
disappointed on opening day and this run was only moderately better.
RACE THREE
Pos
4.1f
10
8.1
6sf
16
8.6
15
6sf
12
17
29
Win
invest
'000
Totals:
32,129
Quinella: Total sales: $38,590,857
Sales on winning combination 2x4: $1,629,559
Sales on winning QP combination 2x4: $1,331,886
Time: 1:34:04 (24.52, 22.40, 23.40, 23.72)
Trainer: C. S. Shum
LARK HANDICAP
Place
invest Jockey
'000
1
2
3
4
5
6
7
8
9
10
RATED 60-40 (CLASS 4) _ 1,600M
Wt
Cordyceps Six dashed well despite laying out to take control 80m out after switching
into the clear on the far side 300m out following a midfield run in the centre of the track.
He made full use of the claimer’s allowance after a positive run on opening day carrying
top weight. Smart Idea came from near last and two from the left at the 300m to grab
second. He flashed ability as a Griffin and can bob up shortly for a maiden win. Kowloon
East Star led and kept on gamely for a placing at a price. The key was a better start after
missing the jump on debut 14 days back. Carry The Diamond kept plugging away to fill
to fill the frame chasing the speed from gate five. He’s reasonably honest but just isn’t
good enough at this level. Eight Trigrams came up one-paced racing handy near the far
side. He needs 1,200m. Debutant Master Aqua came up flat travelling better than midfield in the centre of the track after copping a bump off the jump as the early favourite. He
looked nervous and never travelling all that well in the run. Glenealy Generals never
fired a shot travelling behind midfield on the stands side. It was a disappointing effort
after finishing fast to place on opening day.
Win
invest
'000
Pos
SHRIKE HANDICAP
RATED 60-40 (CLASS 4) _ 1,000M
Pos
RACE 10
WOODPECKER HANDICAP
Wt
Drw
116
132
132
126
118
123
133
117
122
118
120
127
2
3
10
1
5
9
4
8
12
6
7
13
Win
Margin
1-3/4
3
3-1/4
3-1/4
3-1/2
4-1/4
4-1/2
4-3/4
5
5-1/2
6-3/4
7
8
Totals:
37,989
Quinella: Total sales: $45,249,880
Sales on winning combination 2x13: $4,309,407
Sales on winning QP combination 2x13: $2,803,901
Time: 1:21:86 (13.79, 22.71, 23.26, 22.10)
Trainer: F. C. Lor
Owner: Au Kai-kwong, Michael H C Au & Michelle Jessica Au
Well-backed favourite Dragon Fortune controlled the pace in front and kept finding to
score a comfortable win up in grade off a light weight. He’s still lightly-raced and there’s
more to come from him. Early favourite Hall Of Champ had every chance following a
box-seat run but found one too smart on the day. He continues to race consistently well.
Tempest Express plugged on gamely to just edge Tianchi Monster for third slotting oneout, one-back from a wide draw. It was a good effort in his first run since mid-March.
Specked late Tianchi Monster kept battling away to just miss a placing after a prominent run on the fence. He’ll be a force to be reckoned with over a more suitable mile or
1,800m trip. Charity Grace did well to get up next best from just worse than midfield despite an unfavourable pace. He was stepping out after a suspensory injury and will shape
much better when next in action. Star Performance came up flat when the pace quickened tracking the speed from a wide draw. He couldn’t back up an opening day win and
better ridden held up in the run. Horsesain Bolt ran on without menacing from towards
the rear. He wasn’t suited by the race tempo.
9
10
HORSE
JOCKEY
WIN
PLACE
(1) GAMEPLAYER TIMES
C. L. Chau
$33.00 $13.50
(5) Toycoon
H. Bentley
51.50
(8) London Luckystar
M. F. Poon
34.50
Nine starters. Quinella: $392.50. Forecast (1-5): $717. Tierce:
$4,677. Trio: $1,214. First 4 (1,5,8,9): $2,961. Quartet (1-5-8-9):
$45,633. Quinella Place (1x5): $111, (1x8): $55.50, (5x8): $337.
Composite win: A1 $13.
(1) CORDYCEPS SIX
C. L. Chau
$87.00 $22.50
(9) Smart Idea
K. Teetan
42.50
(4) Kowloon East Star
R. Maia
200.50
13 starters. Quinella: $576. Forecast (1-9): $1,044. Tierce: $51,920.
Trio: $10,330. First 4 (1,4,9,12): $31,439. Quartet (1-9-4-12):
$621,091. Quinella Place (1x9): $153, (1x4): $815, (4x9): $1,429.50.
1st Double: $181. Consolation: $105. Composite win: A2 $34.50.
(11) APOLAR WARRIOR
H. Bentley
$54.50 $19.00
(2) Crown Avenue
K. Teetan
23.50
(12) Lucky Victor
M. L. Yeung
38.50
11 starters. No 10, Sincere Boy withdrawn. Quinella: $187. Forecast (112): $469. Tierce: $3,112. Trio: $878. First 4 (2,4,11,12): $1,061. Quartet
(11-2-12-4): $18,905. Quinella Place (2x11): $61.50, (11x12): $110, (2x12):
$167. 2nd Double: $409. Consolation: $87. Composite win: A2 $29.
(12) HAPPY TIME
M. Chadwick $118.50 $31.00
(4) King Of The Court
A. Badel
19.00
(9) Lucky Maryknoll
R. Maia
16.00
12 starters. Quinella: $234.50. Forecast (12-4): $673. Tierce: $3,328.
Trio: $402. First 4 (2,4,9,12): $846. Quartet (12-4-9-2): $30,264.
Quinella Place (4x12): $94, (9x12): $85, (4x9): $47. 3rd Double:
$905.50. Consolation: $50. 1st Double Trio: $26,954 (70.1 units).
Composite win: A3 $34.
(4) DECISIVE ACTION
Z. Purton
$41.00 $18.00
(2) Speed Fay Fay
C. L. Chau
31.50
(1) Party Everyday
J. Moreira
24.50
11 starters. Quinella: $195.50. Forecast (4-2): $531. Tierce: $3,829.
Trio: $839. First 4 (1,2,4,6): $762. Quartet (4-2-1-6): $15,895.
Quinella Place (2x4): $72, (1x4): $92.50, (1x2): $196.50. 4th Double:
$596. Consolation: $233.50. Composite win: A1 $24.50.
(10) SOLAR POWER
A. Hamelin
$52.50 $18.00
(13) Sunny Baby
M. L. Yeung
32.00
(12) Kung Fu Tea
K. C. Leung
30.00
13 starters. No 1, Encouraged withdrawn. Quinella: $321.50. Forecast
(10-13): $630. Tierce: $3,786. Trio: $1,076. First 4 (7,10,12,13):
$3,062. Quartet (10-13-12-7): $57,085. Quinella Place (10x13): $101,
(10x12): $65, (12x13): $160.50. 5th Double: $396. Consolation: $68.
Triple Trio: $6,441,034 (0.4 unit). Triple Trio Consolation (4,9,12
/1,2,4 /F): $7,816 (93.3 units). Pool of $3,864,620 carried forward to
September 26. Composite win: A3 $21.50.
(8) ENTRUSTED
A. Badel
$73.00 $23.00
(5) Enzemble
Z. Purton
43.50
(9) Chevalier Prince
M. F. Poon
33.50
10 starters. Quinella: $614. Forecast (8-5): $1,120. Tierce: $8,652.
Trio: $1,406. First 4 (5,8,9,10): $1,373. Quartet (8-5-9-10): $40,305.
Quinella Place (5x8): $132.50, (8x9): $104.50, (5x9): $225. 6th
Double: $657. Consolation: $187. 2nd Double Trio: $183,737 (25
units). Composite win: A2 $33.50.
(4) NAMJONG SINGS
A. Badel
$182.50 $38.00
(8) California Cible
M. F. Poon
21.00
(7) Eligere
K. C. Leung
65.00
11 starters. Quinella: $593.50. Forecast (4-8): $1,071. Tierce:
$21,989. Trio: $3,479. First 4 (4,6,7,8): $3,379. Quartet (4-8-7-6):
$101,188. Quinella Place (4x8): $164, (4x7): $299, (7x8): $352. 7th
Double: $1,365.50. Consolation: $168.50. Composite win: A3 $47.50.
(13) DRAGON FORTUNE
J. Moreira
$34.00 $17.00
(2) Hall Of Champ
B. Shinn
17.00
(3) Tempest Express
A. Badel
69.50
12 starters. No 11, Perfect Pair withdrawn. Quinella: $86.50.
Forecast (13-2): $179. Tierce: $3,051. Trio: $857. First 4 (2,3,5,13):
$1,696. Quartet (13-2-3-5): $22,134. Quinella Place (2x13): $38,
(3x13): $159, (2x3): $227. 8th Double: $612. Consolation: $151.50.
Composite win: A2 $19.50.
(11) C P BRAVE
J. Moreira
$18.50 $11.50
(5) Highland Fortune
K. Teetan
25.50
(12) Celestial Power
M. F. Poon
23.50
11 starters. No 1, Charity Fun withdrawn. Quinella: $92.50. Forecast
(11-5): $150. Tierce: $767. Trio: $206. First 4 (5,10,11,12): $502.
Quartet (11-5-12-10): $5,834. Quinella Place (5x11): $40, (11x12):
$37, (5x12): $122. 9th Double: $51.50. Consolation: $71.50. Treble:
$1,419 (2,238.2 units). Treble Consolation: $882 (635 units). 3rd
Double Trio: $19,799 (158.7 units). Six Up: $13,642 (340 units). Six
Win Bonus: $478,734 (15 units). Composite win: A1 $15.50. Jockey
Challenge winner: A. Badel
B16
Monday, September 20, 2021
SPORT
SOCCER
England
legend
Greaves
dies at 81
Bayern put seven
past Bochum to go
top of Bundesliga
Agence France-Presse in Berlin
Bayern Munich topped the
Bundesliga for the first time this
season with a 7-0 thrashing of
Bochum as Robert Lewandowski
scored for a record 13th consecutive home league game.
Joshua Kimmich netted twice
while Lewandowski poached a
second-half goal to claim another
league record as Leroy Sane, Serge
Gnabry and Eric Maxim ChoupoMoting all scored for Bayern.
Greek defender Vasilios
Lampropoulos scored a first-half
own goal as Bochum ran out of
luck at the Allianz Arena.
“Bochum worked hard, but everything went right for us after the
first goal,” Sane told Sky.
Bayern’s Joshua Kimmich savours
scoring for his side. Photo: Reuters
Bayern will lose top spot if
Wolfsburg maintain their 100 per
cent record with a fifth straight
win against Eintracht Frankfurt
overnight. Bayern have won their
last seven games, scoring at least
three goals on each occasion, with
Dortmund, Leipzig and
Barcelona on the list of defeated
opponents.
Bochum, who have now won
just once in 35 games at Bayern,
were 4-0 down at half-time.
“We were just really up for it,”
said Bochum-born Bayern
midfielder Leon Goretzka, who
extended his contract in mid-
weekweek until 2026. “It was fun
for us. Not so much for Bochum
which I regret, personally.”
Bayern head coach Julian
Nagelsmann made three changes
from starting side which won at
Barcelona last Tuesday and was
pleased with the “manner of the
win. None of our goals came from
being greedy, we’re on the right
path.”
It was a gala afternoon for
Sane, who had been whistled by
disgruntled Bayern fans during
the Bavarian giants’ opening
games this season after a series of
below-par performances.
The 25-year-old has since
flourished with five assists and
three goals in the last five games
and also netted twice for Germany
during this month’s World Cup
qualifiers.
The ex-Manchester City
winger started the rout by curling
in a spectacular free-kick from 30
yards out. Sane then laid on a
cross which Kimmich fired past
Bochum goalkeeper Manuel
Riemann.
Gnabry made it 3-0 by finishing a counter-attack and guiding
his shot inside the far post.
Bochum’s luck had
completely deserted them when
Lampropoulos intercepted a pass
to Lewandowski, only to roll the
ball into his own goal.
It was 45 years to the day since
Bayern recovered from 4-0 down
at half-time in Bochum to claim a
stunning 6-5 win, but there was to
be no fairy tale revenge.
Sane rolled a pass to Gnabry,
who flicked the ball onto Lewandowski to tap in and claim his latest Bundesliga record after
scoring a new milestone of 41
goals in Germany’s top flight last
season. Three days after their 6-3
mauling at Manchester City in the
Champions League, RB Leipzig
were made to work for a 1-1 draw
at Cologne.
Atletico fire blanks again
in their draw with Bilbao
Associated Press in Barcelona
Diego Simeone joined football’s
coaching elite by building rockhard defences that grind out
victories with the bare minimum
of flash up front.
But now, with the greatest
wealth of attacking talent in his
decade in charge of Atletico
Madrid, the Argentine is struggling to make that flash up front
click.
Ten-man Atletico were held to
a second straight scoreless draw at
home on Saturday after they were
stymied by Athletic Bilbao in the
Spanish league.
Atletico, who have not scored
more than two goals in any of their
six games this season, were also
held to 0-0 by Porto at home in
their Champions League opener
on Wednesday.
And this despite Antoine
Griezmann’s return to the club to
strengthen an attack that also
counts on Luis Suarez, Joao Felix,
Angel Correa, Marcos Llorente,
Yannick Carrasco, and newcomer
Matheus Cunha.
“I won’t look for excuses,”
Simeone said. “I believe in my
team and in my players, and we
are going to work hard so that
these big names can do what they
have always done, which is score
goals.”
Atletico were without midfielder Koke Resurreccion, the
midfielder who leads the defending champion’s transitions from
defence to attack, after he hurt a
leg muscle against Porto.
Llorente went closest for the
hosts when his 75th-minute shot
from outside the area hit the post.
Three minutes later, Atletico
were left a man down when Felix
earned back-to-back yellow
cards. The referee first booked
him for swatting a defender who
was clinging to his jersey from
behind. Felix, who was not looking at the player when his hand
impacted his face, got a quick
second booking when he
vehemently protested.
Bilbao almost took advantage
of the numerical superiority, but
substitute Asier Villalibre wasted a
perfect opportunity to grab an
injury-time winner when he shot
high with only goalkeeper Jan
Olbak to beat from close.
The former Spurs
striker was part of
1966 squad that won
the World Cup
Associated Press in London
Liverpool's Sadio Mane makes an attempt at goal during his side’s 3-0 victory against Crystal Palace in the English Premier League. Photo: Reuters
MANE HITS 100th GOAL
AS REDS THRASH PALACE
Senegalese striker brings up a century of goals for Liverpool as they brush
aside Eagles while Arsenal ease past Burnley to ease pressure on Arteta
Agence France-Presse
Sadio Mane reached 100 career
goals for Liverpool in a 3-0 win
against Crystal Palace that sent
the Reds top of the Premier
League, while Arsenal eased the
pressure on Mikel Arteta with a
battling 1-0 victory at Burnley.
Defending
champions
Manchester City dropped two
points at home to Southampton
after a 0-0 stalemate while
struggling Wolves lost their fourth
match in five against 10-man
Brentford.
Mane continued his eyecatching mastery of Palace,
netting in his ninth league match
in a row against the Eagles.
Mohamed Salah’s glancing
header from Kostas Tsimikas’
corner was kept out by goalkeeper
Vicente Guaita but Mane
pounced to lash home, giving him
a century of goals for Liverpool in
all competitions.
Salah doubled the Reds’ lead
in the 78th minute before Naby
Keita sealed the win with a sweetly
struck volley.
Liverpool have made an
impressive start to the season,
scoring 12 goals in their opening
five games and conceding just
once. “I told the boys that is one of
the most hard-fought 3-0 wins I
ever saw. We gave everything,”
Liverpool boss Jurgen Klopp said.
“Sadio’s 100th goal for Liverpool, a massive mark! It was a
really good game for Sadio. He
worked incredibly hard again.”
Arsenal were rock bottom of
the table before last week’s
fixtures but wins against Norwich
and now Burnley lifted them to
the relative comfort of 13th spot.
Odegaard, who signed from
Real Madrid last month after
spending part of last season at the
Emirates on loan, broke the deadlock in the 30th minute, curling
home a free-kick to give the
visitors a 1-0 lead at Turf Moor.
Arsenal breathed a sigh of
relief when VAR overturned a
penalty awarded to Burnley in the
second half after Matej Vydra
tumbled to the turf following a
challenge by goalkeeper Aaron
Ramsdale.
“It was a hard-fought victory at
a really tough place,” Arteta said.
“We have players who are not
at their strength playing in this
type of game, but they did their
best. I’m very proud of them defensively.”
Manchester City will rue their
inability to beat Southampton at
the Etihad after consecutive 5-0
home wins. It could have been
worse for them after referee Jon
Moss pointed to the spot when
Kyle Walker bundled into the back
of Adam Armstrong in the area,
showing the England international a red card.
But the incident was reviewed
by VAR and Moss eventually
decided to overturn both decisions.
The build-up to City’s match
was dominated by a row over
attendance levels at the Etihad,
with manager Pep Guardiola
urging fans to fill empty seats in
comments that irritated some
supporters. But fans were
frustrated by battling Southampton, who kept City’s attackers at
bay despite relentless pressure.
The home side thought they
had snatched victory in the dying
minutes after goalkeeper Alex
Sadio’s 100th
goal for
Liverpool … It
was a really good
game for Sadio
JURGEN KLOPP, LIVERPOOL MANAGER
McCarthy saved a Phil Foden
header and Raheem Sterling
tucked in the rebound but the flag
was raised.
“We were not good in our
build-up and lost the ball because
we were not clever today and a bit
sloppy,” Guardiola said.
“It is because we didn’t do our
process with the back four and
Fernandinho. Those five players
have to bring the ball forward for
the others.”
Aston Villas second half blitz
ended Everton’s four-game
unbeaten run with a 3-0 home
win.
Matty Cash put Villa ahead
with 25 minutes left and Lucas
Digne’s own goal doubled their
lead before Leon Bailey made it
three goals in nine minutes.
Watford beat Norwich 3-1 to
condemn the promoted Canaries
to their fifth consecutive defeat.
Norwich are still waiting for
their first points since returning to
the top flight
Watford took the lead in the
17th minute through Emmanuel
Dennis but Teemu Pukki equalised before half-time.
Ismaila Sarr put the visitors
back in front in the 63rd minute
and scored again with 10 minutes
to go.
Ivan Toney scored a goal and
created another for Bryan
Mbeumo as 10-man Brentford
beat Wolves 2-0 to maintain their
impressive start to their first
Premier League campaign.
Jimmy Greaves, one of England’s
greatest goal-scorers who was
prolific for Tottenham, Chelsea
and AC Milan has died. He was 81.
With 266 goals in 379 appearances, Greaves was the all-time
record scorer for Tottenham Hotspur, who announced his death
yesterday.
“Throughout his wonderful
playing career, Jimmy’s strike rate
was phenomenal,” Tottenham
said. Greaves suffered a minor
stroke in 2012 and his family
thought he had made a full recovery until he was admitted to intensive care after a more severe stroke
in May 2015.
An all-round striker equally
adept with either foot or his head,
Greaves scored 44 goals in just 57
matches for England.
But even though Greaves was
the first player to lead scoring in
England’s top league for three
straight seasons and hit a record
six hat-tricks for England, he is
arguably best known for one
game he missed – the World Cup
final.
Greaves was England’s star
striker going into the 1966 tournament on home soil but was
injured in a first-round match
against France and surrendered
his place in the line-up to Geoff
Hurst.
Hurst scored the only goal in
the quarter-final win over Argentina and kept his place in Alf Ramsey’s team at the expense of
Greaves to earn lasting fame by
scoring the first hat-trick in a
World Cup final. Greaves famously sat impassively on the bench as
England celebrated at the final
whistle. Substitutions were not
permitted at the time and squad
members didn’t receive medals,
unlike at World Cups since 1974.
Jimmy Greaves was Tottenham’s
record goalscorer. Photo: Reuters
A campaign led to Greaves and
10 other members of the squad –
who were dubbed the “forgotten
heroes” – receiving medals in
2009. But Greaves sold the 18carat medal at auction in 2014 for
£44,000 (HK$470,000).
“It was devastating for me that
I didn’t play in the final,” Greaves
said in the Mail on Sunday newspaper in 2009. “I always believed
that we would win the World Cup
and I’d be part of it, but I wasn’t.
“It wouldn’t have been so
important now because I would
have been a substitute and probably would have got on.”
BOXING
Poon makes no mistake this time in bout against ‘Tiger Boy’ Yiu
The 25-year-old claims first win in three fights over his rival at We Are Champs event
Andrew McNicol
andrew.mcnicol@scmp.com
Hong Kong boxer Raymond Poon Kaiching marked his comeback by
outclassing multiple national Muay
Thai champion Dylan Yiu Tat-fai at the
inaugural We Are Champs boxing
celebrity crossover exhibition.
The 25-year-old Poon (7-2, 4 KOs)
won via unanimous decision (59-54, 5954, 59-54) at a full Star Hall in Kowloon
Bay on Saturday night to claim his first
win over “Tiger Boy” Yiu (professional
Muay Thai record 23-5, 2 KOs) having
lost twice previously.
Poon got the better of the exchanges
in the majority of the six rounds,
showing huge improvements since
losing to the 23-year-old Yiu in a pro
bout four years earlier.
The turning point came in the
second round after the speedier Poon
countered Yiu’s wild swings with a
clean hook, knocking him down just
before the end of the round.
The 2019 i-1 champion Yiu doubled
down in the third as Poon caught his
breath, walking his opponent down and
taunting the inaction. Poon
nonetheless secured the round after
rocking Yiu with more clean hooks.
Yiu required brief medical attention
in the fourth after a cut to his eyebrow
as the crowd applauded each Poon
counter. The remaining two rounds
showed the difference in the pair’s
respective combat sports experience,
with Yiu’s arms continuing to drop
while Poon turned up the feints and
combos. It was the first win in three
years for 2018 WBC ABCO and WBC
Youth Intercontinental champion
Raymond Poon raises his arms in triumph after his victory. Photo: We Are Champs
Poon, who failed in his attempt for a
youth world title in 2019. He lost via split
decision to Yiu in 2017.
“Poon was a totally different
opponent today. He’s really improved a
lot,” Yiu said, before asking for a homeadvantage quadrilogy.
“I hope to continue both [boxing
and Muay Thai] if it’s possible. I haven’t
really thought about which I will be
prioritising. I lost today, and it’s the
third time we met, and since I lost, I
would like to face him in Muay Thai
next time.”
An amused Poon replied: “Maybe
when I’m about to retire, I’ll do an
exhibition.
“Thanks to Yiu for taking the fight,
because it has been four years and
we’ve met many opponents in
between. I’m sure both of our fitness
and technique have changed since
then. He still managed to keep up with
me so respect to him for that.”
Meanwhile, local Muay Thai legend
Ng King-chung (professional record 478, 15 KOs) had a successful boxing
debut against fellow multiple national
Muay Thai champion Kenneth Lee
Kam-lam (70-18, 20 KOs), winning via
unanimous decision (39-37, 39-37, 39-
37). The “Treasure of Hong Kong”
extended his record of never losing to a
Hongkonger in combat sports, while
“Unsinkable Ship” Lee opted to delay
his retirement after more than two
decades in the fight game.
“Actually after the first round I
thought I could win – it wasn’t that I got
nervous, but my body was just a bit
constricted and I couldn’t punch the
way I wanted to,” said Lee, who despite
being in the same sport as Ng for more
than 10 years had never met him in the
ring.
“I thought about [retirement] for a
long time … but today’s performance
was just too ugly to retire to after. I’ll
think about it first.”
Ng, a four-time national champion
who had not competed in any
discipline for more than 20 months,
said he felt the nerves ahead of his first
boxing bout.
“After so long in the game I’d never
tried boxing, so I really appreciate the
work of my team to get me prepared.
Also many thanks to Lee, who taught
me a lot in Muay Thai. I think he
shouldn’t retire just yet and join me for
a couple more years.”
Local Muay Thai veteran Stuart Chin
Sze-kit (18-10, 4 KOs) beat fellow
national champion-turned-coach Li
Yiu-tung (11-0, 3 KOs) via unanimous
decision in their boxing debut.
With nearly 80 years’ Muay Thai
experience combined, the pair showed
experience and ring-craft, with Chin
saying he would be open to another
exhibition fight.
In the main event, HK Esports
founder Derek Cheung beat influencer
Joseph Lam Chok via unanimous
decision in front of a roaring crowd.
Cheung dominated the amateur
slog-fest as Lam ran circles and engaged
in clinches to avoid getting knocked
out.
Post-match, Cheung said he hoped
he “taught Lam a lesson” and – despite
his coaches igniting a brawl with Lam’s
team after the final bell – the pair
appeared to squash their long-standing
beef.
Elsewhere, YouTuber Jason Chau
(familiarly known as Big J) controlled
Steven Cheung Chi-hang of band Boyz,
securing two knock-downs to
eventually win via unanimous decision.
Finally, Ollie Wan defeated her
fellow 17 Live app influencer Kathy
Cheung via unanimous decision.
Monday, September 20, 2021
SPORT
NATIONAL GAMES
B17
MIXED MARTIAL ARTS
RYAN CHOI’S
CAMPAIGN
ENDS IN THE
QUARTERS
World No 12 ranked fencer goes furthest in men’s
individual foil on a disappointing day for local
team who missed the injured star Edgar Cheung
Chan Kin-wa
kinwa.chan@scmp.com
Hong Kong ended their individual
foil campaign in disappointment
with both the men’s and women’s
teams unable to go beyond the
quarter-finals at the National
Games but coach Zheng
Zhaokang was not too
disappointed.
Ryan Choi Chun-yin, who
became the city’s biggest hope
after men’s Olympic foil champion Edgar Cheung Ka-long pulled
out with injury earlier in the week,
went the furthest in the competition.
But the world number 12 was
unable to reach the medal rounds
after losing to Xu Jie of Shanxi, the
Asian Youth Games champion,
15-13 in a closely fought encounter in the quarter-finals.
The result was
very close and
I wasn’t too
disappointed in
the way he lost
ZHENG ZHAOKANG, ON RYAN CHOI
“The result was very close and I
wasn’t too disappointed in the
way he lost,” said Zheng. “Choi
fought back strongly in the final
stages when he closed the gap
from 9-14 to 13-14 before losing
the last point.
“In fact, he did a very good job
in the previous round when he
ousted second seed Chen Weiquan of Fukien who is also the
national champion.
“It just goes to prove how close
these fencers are. The only thing
that let us down was Choi had to
take on teammate Cheung Siulun in the round of 32 which
meant we lost one spot in the
round of 16.”
Despite having a higher world
ranking against their mainland
counterparts, all three Hong Kong
fencers had to compete in the
pool competition since they had
no China domestic ranking,
which was used to seed competitors in the knockout round.
However, all three Hong Kong
fencers won their way out of their
pools, with Yeung Chi-ka, who
was not selected for the Tokyo
Olympic Games, scoring the best
result with five wins and one loss
and finishing fourth in the overall
pool rankings.
Both Choi and Cheung gained
four wins to finish seventh and
tenth respectively, but unfortunately the two Hong Kong fencers
drew against each other in the
round of 32 with Choi cancelling
out his teammate 15-7.
Yeung also made it to the
round of 16 after cruising past
Guangdong’s Wu Xiaolong 15-5,
but was unable to get past Huang
Yongxi, of Shaanxi, in the next
round. Choi, however, defeated
number two seed Chen 15-13 to
reach the quarter-finals before his
run was ended by Xu.
Hong Kong won an individual
foil silver in the 2017 Games
through Nicholas Choi but coach
Zheng downplayed the city’s
disappointing results.
“Nic also won by very close
margins when he reached the
final four years ago. The standard
is always close at the National
Games. Just one or two points
usually separates the fencers and
this can make a big difference,”
said the coach.
In women’s individual foil,
two Hong Kong fencers made it to
the round of 16, but Valerie Cheng
Hiu-wai and Wu Sophia lost to the
number one and number two
seeds respectively and failed to
reach the quarters.
With the completion of the
individual events, the team foil
competition starts today.
Hong Kong had high expectations of a medal until the last minute pull-out of Hong Kong’s
golden boy Edgar Cheung.
“It’s definitely going to be
more difficult for us without
Cheung and we only have three
fencers in the team with no
replacement,” said the coach.
“But they should know how to
cope with the situation as they
have international exposure.”
RUGBY UNION
Winning tests the target
and not top ranking for
All Blacks, Foster insists
Agence France-Presse in Brisbane
All Blacks coach Ian Foster insists
winning test matches is all that
matters, downplaying their return
to the top of the world rankings as
“not on our minds at all”.
New Zealand will be confirmed as number one when the
new rankings are released this
week after their 36-13 victory over
Argentina in Brisbane on Saturday, dethroning South Africa for
the first time since late 2018.
Tupou Vaa’i is showing progress
under coach Ian Foster. Photo: EPA
They received major assistance from the Wallabies, who
stunned the Springboks 30-17,
backing up from their 28-26
Rugby Championship win the
week before. “It’s not on our mind
at all,” Foster said of the ranking.
“I’m not saying that to downplay it. We’re about to play South
Africa next week, we’ll get excited
about that. We’re more interested
in winning a test match than
where we sit [in the rankings].
“If we focus too much on the
other thing, we’ll get tripped up
and won’t be there for very long
and that doesn’t interest us
either,” he added.
The bonus-point victory over
Los Pumas all but sealed the
Rugby Championship for New
Zealand, who face the Springboks
in Townsville this week – the 100th
test between the two sides – ahead
of a return leg on the Gold Coast.
With a 10-point deficit in the
table, South Africa must win with
a bonus point on Saturday to keep
their slim title hopes alive.
“It’ll be a torrid game, they
always are,” said Foster. “I saw
about 50-odd minutes of that
game [South Africa’s loss to the
Wallabies on Saturday] to know
what’s coming.
“It’s probably the first time
South Africa have played against a
team that’s played with a lot of
tempo in the last two years.”
Importantly, Foster was
delighted with how his largely
inexperienced team overcame
Argentina, having gone into the
game with wholesale changes,
resting key players and trying out
new combinations.
While their execution was topnotch in the first-half, taking a 243 lead into the break, they lost
some momentum after the interval as Argentina grew in confidence. Foster said he was
encouraged by the form shown by
younger players like Samisoni
Taukei’aho, Tupou Vaa’i, Hoskins
Sotutu and Ethan Blackadder,
and the experience had been
good for them.
“We’ve got to be a lot more
ruthless when we do create stuff,
because we left a few points out
there,” he said.
China’s Rong Zhu throws a right at Brandon Jenkins during his TKO victory against the American in their lightweight fight at UFC Vegas 37 in Las Vegas, Nevada. Photo: Zuffa LLC
China’s Rong makes UFC history with late TKO
The 21-year-old becomes first fighter born in 2000s to win in the Octagon
Nick Atkin
nicolas.atkin@scmp.com
Rong Zhu celebrated for the right
reasons this time, after securing a
dramatic TKO victory against
Brandon Jenkins with 25 seconds
to go in their UFC Vegas 37
preliminary bout.
The 21-year-old Chinese lightweight (18-4) – who is the youngest fighter in the UFC – bounced
back from a unanimous decision
defeat by Kazula Vargas on his
promotional debut in April to
underline his serious potential,
reeling off an 11th win in 12 fights.
Black Caps
warned of
threat level
in Pakistan
Reuters
New Zealand was warned of a
“specific, credible threat” against
its team, the country’s cricket
board said yesterday, elaborating
on the rationale for abruptly
abandoning the tour of Pakistan
as the squad reached Dubai.
New Zealand had pulled out of
the limited-overs tour on the day
of the opening fixture in Rawalpindi on Friday citing a New Zealand government security alert.
“What I can say is that we were
advised this was a specific and
credible threat against the team,”
New Zealand Cricket (NZC) chief
executive David White said in a
statement.
“Everything changed on
Friday. The advice changed, the
threat level changed and, as a
consequence, we took the only
responsible course of action
possible.
“Unfortunately, given the
advice we’d received, there was
no way we could stay in the
country.”
New Zealand had been visiting
Pakistan for the first time in 18
years and also had been due to
play five Twenty20 matches in
Lahore. Top teams have largely
shunned Pakistan following an
attack by Islamist militants on the
Sri Lanka team bus in Lahore in
2009 that killed six policemen and
two civilians.
The players left Islamabad by a
chartered flight on Saturday and
reached Dubai where the 34strong contingent are undergoing
24-hour period of self-isolation,
the NZC said in a statement.
Twenty four of them will
return home next week, while the
rest would join New Zealand’s
Twenty20 World Cup squad for
the showpiece tournament
scheduled in the United Arab
Emirates and Oman from October 17. Stung by the shock withdrawal, the Pakistan Cricket
Board (PCB) has threatened to
take up the matter with the
governing International Cricket
Council.
Even Prime Minister Imran
Khan’s telephone discussion with
New Zealand counterpart Jacinda
Ardern could not save the tour
and prevent a major blow to
Pakistan’s hopes of hosting top
international teams.
It had been a far cry from
Thursday’s dramatic scenes at the
official weigh-ins inside the UFC
Apex facility in Las Vegas, when
Rong stepped on the scales and
celebrated wildly, having mistakenly thought he made weight –
not realising he had instead
missed by two pounds.
He was unable to cut the rest of
the weight in the allotted time, so
missed out on a potential
US$50,000 bonus here after
finishing 29-year-old American
Jenkins (15-8) – himself a late
replacement for Dakota Bush
(8-3), who tested positive for
Covid-19 during fight week.
The finish came by ground
and pound, Rong delivering shots
to an exhausted Jenkins with the
referee stepping in at 4:35 of the
third round.
The celebrations were a bit
more muted this time, a tired
Rong kneeling down in his corner
and thanking his team, before
climbing the cage after becoming
the first fighter born in the 2000s to
get a victory in the Octagon.
“For this fight I’ve been prepared for a really long time,” he
said backstage. “I was confident I
can do any fight, but before the
fight we changed opponents. My
coaches encouraged me for
everything and I felt good about it.
I feel very sorry about this to the
UFC, because as a professional
fighter, this is our job to do it, but
before the fight because of the
opponent change it kind of
affected me a little bit and then I
missed with the weight.”
Rong will stay in the US, where
he has been training at American
Top Team in Florida on the
recommendation of flyweight
teammate and fellow Tibetan Su
Mudaerji (14-4).
“I think it’s the best team in the
world,” he said. “The variety of
fighters there, we can train
together, and I pick things up
really quickly.”
“I still feel I have a lot of space
to move upwards. I’m young, but I
still need to mature,” Rong added.
“I want to focus more on my technique and do more training
before I plan for my next fight. My
goal is to give a good performance
every time for the fans who are
watching.”
Earlier on the card, Rong’s
fellow UFC Shanghai Performance Institute graduate Alateng
Heili (14-8-2) fought out a unanimous draw in his bantamweight
bout against 32-year-old American Gustavo Lopez (12-6-1).
The 29-year-old “Mongolian
Knight” was looking good for the
victory, but was deducted a point
in the third round by referee Keith
Peterson for grabbing the cage,
with all three judges scoring it
28-28.
B18
Monday, September 20, 2021
CORONAVIRUS CRISIS
8,380,084
228,277,114 4,688,418 5,901,069,956
TOTAL NUMBER OF VACCINES
ADMINISTERED IN HONG KONG
CASES
DEATHS
VACCINE DOSES
* Figures as of 11pm
Bats in Laos ‘carry
closest relatives’ to
novel coronavirus
Tribune News Service
A medical worker collects samples to be tested in Xiamen. Public areas in the city, including parks, stadiums and tourist sites, have been temporarily closed. Photo: AFP
CASES CLIMB AGAIN IN FUJIAN
AS HOLIDAY CURBS STEPPED UP
Travel and mass activities restricted ahead of Mid-Autumn Festival and National Day celebrations
Sarah Zheng
sarah.zheng@scmp.com
Covid-19 cases climbed again in
Fujian, the southeastern province
battling the country’s latest
outbreak, as local authorities
stepped up travel restrictions and
suspended mass activities ahead
of the Mid-Autumn Festival.
The mainland as a whole
recorded 66 new coronavirus
infections on Saturday, with the
43 locally transmitted cases found
in Fujian – 39 in Xiamen and the
rest in Putian – bringing the total
number in the province since
September 10 to 335.
This reflected an increase from
the day before, when authorities
reported just 31 new cases, but
was still lower than the single-day
spike of 61 cases on Thursday.
The country also reported 23
new imported cases, bringing the
total to 66. Eight other imported
cases from earlier counts were recorded as positive for Covid-19
after becoming symptomatic, including three each in southern
Guangxi region and the southwestern province of Sichuan.
The outbreak
took place in
a rural area
where controls
are weaker
ZHANG BOLI, TIANJIN UNIVERSITY OF
TRADITIONAL CHINESE MEDICINE
The outbreak of the highly
transmissible Delta variant has
put mainland officials on high
alert, particularly ahead of the
Mid-Autumn Festival tomorrow
and the National Day holiday in
early October.
It has also raised concerns
about China’s “zero tolerance”
coronavirus strategy – which includes one of the toughest border
control systems in the world –
after officials said the likely source
of the Fujian outbreak might have
been infected during his 21-day
quarantine period.
Strict measures have been imposed in Fujian to contain the latest outbreak, including calls for
residents not to leave their homes
unless absolutely necessary.
Public areas in Xiamen – including parks, stadiums and tourist sites – have been temporarily
closed, and a “closed-loop system” now in place prevents nonresidents without certificates
from entering residential villages.
In other Fujian cities such as
Quanzhou, officials have urged
the public not to leave the city,
province or country unless absolutely necessary during the MidAutumn holiday, and banned
large-scale gatherings or parties.
Three linked cases were reported in Quanzhou’s Anxi
county on Saturday morning, one
of whom had travelled there from
Xiamen. All three were being
treated at a designated hospital in
Xiamen, state broadcaster CCTV
reported.
Early yesterday, Putian also reported an initial positive result
from a nucleic acid test for a staff
member at its Xiuyu District Hospital, according to local media.
The 48-year-old was diagnosed as
an asymptomatic Covid-19 case
and placed under quarantine for
further observation.
Zhang Boli, honorary president of the Tianjin University of
Traditional Chinese Medicine
and an academician at the Chinese Academy of Engineering,
told local media that given the
stealthy nature of the coronavirus
the latest outbreak in Fujian was
discovered relatively late.
It also showed that children
under the age of 12 – who cannot
get the Covid-19 vaccine as yet in
China – may be a weak point in
epidemic control, he said.
“It was first discovered in a
school, causing more infections
among younger individuals, and
the outbreak took place in a rural
area where the Covid-19 controls
are weaker, which has resulted in
this level of transmission,” Zhang
told Science and Technology
Daily.
Reasons to skip jabs ignored: ex-Cathay workers
Rights chief cautions airline against disregarding employee health concerns
Victor Ting
victor.ting@scmp.com
Cathay Pacific has made waves
this month for firing a cancer
survivor, a breastfeeding mother
and an employee with a heart
problem, among those it sacked
for failing to get vaccinated
against Covid-19.
In the ensuing debate on
labour rights and health protection during a pandemic, Equal
Opportunities Commission
chairman Ricky Chu Man-kin
cautioned the airline against
brushing aside employees’
health-related concerns and
potentially breaching the Disability Discrimination Ordinance.
A medical expert said the fallout suggested Cathay staff needed
more information to help them
decide whether to be vaccinated.
Yesterday, Hong Kong
confirmed three new Covid-19
cases, all imported. The patients
had been fully vaccinated and
were asymptomatic. They
involved a 38-year-old arrival
from the Philippines who had
received two jabs of the BioNTech
vaccine. He tested positive for
antibodies in July. The other two
cases were from Qatar.
The Centre for Health Protection issued a compulsory testing
notice for Block K of Kornhill in
Quarry Bay after a 16-year-old
resident flew to Britain and tested
positive in the country earlier this
month. He had received two
doses of the BioNTech vaccine in
Hong Kong in July.
Medical experts have said that
while vaccines do not offer total
protection against infection, they
vastly reduced the severity of the
illness and the likelihood of death.
Two vaccines are available in
Hong Kong, and experts have
assured the public that almost
everyone can be vaccinated
except those with uncontrolled
underlying illnesses.
Of about 4,962,200 people who
have had the BioNTech jabs, 3,251
or 0.07 per cent have reported
adverse reactions. Of about
2,880,000 who have had the
Sinovac vaccine, 2,447 or 0.08 per
cent reported adverse reactions.
Among those Cathay sacked
was a 52-year-old cancer survivor
who spent 30 years as a flight
attendant.
She said she had high blood
pressure, high cholesterol and a
weakened immune system from
past treatments for thyroid
cancer, and obtained a doctor’s
certificate in July saying she was
unsuitable for vaccination.
The woman, who asked to
remain anonymous, said the
airline told her that her cancer
history was not a valid reason for
not getting vaccinated, and that
she could manage her blood pressure and cholesterol levels herself.
It also told her that an allergy
test was available to check if she
would have a reaction to the jabs.
She declined, and was among
those sacked on September 8.
Cathay told staff in June to get
vaccinated by August 31 or show a
medical proof of exemption. It
declined to reveal the number of
staff it let go this month for not
getting vaccinated, but said they
had not shown proof of medical
exemption.
Since September 1, all Cathay
flights have been operated with
fully vaccinated crews.
One sacked airline employee
said: “This is and should be a
matter of personal choice, or as
they say, ‘my body my choice’.”
Another complained that she
was sacked while in the process of
getting a final medical opinion for
her chest pain. The 30-year-old
said a doctor she saw in June did
an electrocardiogram test and
found issues with her heart. She
said she submitted the doctor’s
report to the company and
planned to undergo more tests
this month, but was still fired.
Explaining her concerns about
getting vaccinated, she said:
“How would I know whether I
would have side effects? This rigid
way of letting go of employees not
suitable to get jabbed or unsure if
they can get jabbed, is very
unreasonable.”
Stephanie Kwok, 28, lost her
job while waiting “just two more
months” for her 18-month old son
to stop breastfeeding. “I didn’t
want to take any chances that any
harmful substance from this new
vaccine could be passed on to my
baby,” she said.
She was angry that the airline
coerced staff to get vaccinated,
while offering no compensation
in case of adverse reactions.
Another sacked Cathay worker
said: “The company talks loudly
about collective responsibility
when urging us to get inoculated,
but falls silent on who is responsible if I suffer side effects.”
Dr Siddharth Sridhar, a clinical
assistant professor at the
University of Hong Kong’s
department of microbiology, said
the fallout from Cathay’s action
suggested that insufficient
information was provided to
employees to help them decide
whether to get vaccinated.
He said mRNA vaccines such
as the BioNTech one had been
found to be safe for breastfeeding
mothers and their babies.
“Antibodies produced by
mothers can actually be passed to
the baby and these may protect
the baby against Covid-19,” he
said.
Sridhar added that the Sinovac
vaccine was currently not
[Getting jabs] is a
sensible personal
health decision
for flight
services staff
DR SIDDHARTH SRIDHAR
Cathay Pacific staff at Hong Kong
International Airport.
recommended for breastfeeding
mothers.
He also said that cases of
vaccine-induced myocarditis, or
heart inflammation, were rare.
“Most individuals with
vaccine-induced myocarditis recover spontaneously within a few
days. This rare side effect is actually more common in young males
compared to females,” he said.
Bonnie, a 36-year-old flight
attendant who was let go, said she
had no serious underlying health
issues, but resisted getting the jabs
because many vaccinated
individuals still caught Covid-19.
Also, with Hong Kong’s local
pandemic situation largely under
control, she felt the risks from jabs
were greater than the benefit.
“While I am an employee with
responsibilities to my company, I
am also a daughter who has to
take care of my elderly mother,”
she said.
Sridhar said that while being
vaccinated was no guarantee
against catching Covid-19, especially the highly transmissible
Delta variant, those who were
vaccinated could reduce the risk
of hospitalisation, intensive care
or death by 80 to 85 per cent compared to the effects of Covid-19 on
someone not vaccinated, he said.
“I agree 100 per cent with the
sentiment that she is a mother
and daughter first and an
employee second, but this is
precisely why she should consider
getting the vaccine – to keep
herself protected from severe
Covid-19 for the sake of her family
while working in a high-risk
occupation,” Sridhar said.
“The decision to get a vaccine
is a sensible personal health
decision for flight services staff.”
Bats dwelling in limestone caves
in northern Laos were found to
carry coronaviruses that share a
key feature with Sars-CoV-2,
moving scientists closer to pinpointing the cause of Covid-19.
Researchers at France’s
Pasteur Institute and the University of Laos looked for viruses
similar to the one that causes Covid-19 among hundreds of horseshoe bats. They found three with
closely matched receptor binding
domains – the part of the coronavirus’ spike protein used to bind to
human ACE-2, the enzyme it
targets to cause an infection.
The finding, reported in a
paper that is under consideration
for publication by a Nature journal, shows viruses closely related
to Sars-CoV-2 exist in nature,
including in several Rhinolophus,
or horseshoe bat, species.
The research supports the
hypothesis that the pandemic
began from a spillover of a batborne virus. About 1,000 such infections might be occurring daily
in southern China and Southeast
Asia in areas with dense populations of bats from the Rhinolophus genus, a recent study found.
The three viruses found in
Laos – dubbed BANAL-52,
BANAL-103, and BANAL-236 –
were “the closest ancestors of
Sars-CoV-2 known to date”, said
Marc Eloit, head of pathogen
discovery at the Pasteur Institute
in Paris, and co-authors. “These
viruses may have contributed to
Sars-CoV-2’s origin and may intrinsically pose a future risk of
direct transmission to humans.”
The receptor binding domains
of the Laos coronaviruses are closer to that of Sars-CoV-2 than to the
RaTG13 virus identified in Rhinopholus affinis bats from the
Mojiang mineshaft in Yunnan
province, that was regarded as the
pandemic strain’s closest match.
The BANAL-236 virus has an
almost identical receptor binding
domain to the pandemic virus,
according to the paper.
“The receptor binding domain
of Sars-CoV-2 looked unusual
when it was first discovered
because there were so few viruses
to compare it to,” said Edward
Holmes, an evolutionary biologist
at the University of Sydney, who
was not involved in the research.
“Now that we are sampling
more from nature, we are starting
to find these closely related bits of
gene sequence,” he said. “Eventually, with more sampling, the
natural ancestry of the entire SarsCoV-2 genome will be revealed.”
None of the bat viruses isolated in Laos harbours a so-called
furin cleavage site in the spike that
facilitates cell entry. It is a feature
of the Sars-CoV-2 virus that has
led some scientists to theorise that
it was created in a laboratory.
No evidence supporting the
lab-leak theory has emerged.
The lack of furin cleavage
might be explained by insufficient
sampling in bats, or by acquisition
of the furin cleavage site during
chains of transmission in an alternate animal host, or during unreported circulation in humans in
the early stages of the outbreak
when the virus might have caused
few symptoms, the authors said.
The researchers studied 645
bats from 46 species in Laos between July 2020 and January this
year. The bats live in the limestone
karstic terrain common to China,
Laos and Vietnam.
The paper highlighted the
diversity of Sars-CoV-2-like viruses present in bats in Southeast
Asia, Holmes said. “Continual
sampling is the only way to understand the origins of this virus.”
The finding shows viruses closely related to Sars-CoV-2 exist in nature,
including in several Rhinolophus, or horseshoe bat, species. Photo: TNS
Melbourne set to lift
lockdown next month if
vaccine targets are met
Agencies
Australia’s second-largest city will
exit its coronavirus lockdown in
late October if vaccine targets are
met under an official road map
released yesterday.
About 5 million people in Melbourne have been under stay-athome orders since August 5, the
sixth lockdown they have endured so far during the Covid-19
pandemic.
Officials in Victoria state,
which includes Melbourne, announced those orders would be
lifted when 70 per cent of over-16s
are fully vaccinated. They projected that target would be reached
around October 26.
“Lockdown will end. The [limited] reasons to leave your home
and the curfew will no longer be in
place,” Victoria premier Dan Andrews said, adding that a raft of restrictions would still be enforced.
Restaurants and pubs will be
allowed to reopen but only with a
maximum of 50 fully vaccinated
people seated outdoors, while a
ban on visitors to homes will remain in place.
But once the vaccination rate
lifts to 80 per cent – projected by
roughly November 5 – fully vaccinated Melbourne residents will
enjoy a greater range of freedoms,
including no masks outdoors, up
to 10 visitors to homes, and the
option to work from offices.
Andrews said the health system was likely to come under “intense pressure” as a result of the
changes, but the staggered reopening would help Melbourne
to “normalise” its virus response.
“We cannot perennially or
permanently suppress this virus.
Lockdowns have been about buying time to get to 70-80 per cent
vaccination,” he said.
“We are fast approaching
those milestones and at that point
we have got to open the place up,
because remaining closed forever
has its own cost in every sense of
that word.”
The announcement came a
day after several police officers
were wounded and more than 200
protesters were arrested at a violent anti-lockdown demonstration in Melbourne.
Officers used pepper spray on
the crowd, who defied stay-athome orders to march through an
inner-city suburb in opposition to
pandemic restrictions.
Melbourne spent almost four
months in lockdown last year, and
has been recording hundreds of
new cases each day despite enforcing strict lockdown rules.
After pursuing a “zero Covid”
strategy for much of the pandemic, Australia has struggled to contain the more infectious Delta
variant and state leaders are increasingly moving to ease restrictions once higher vaccination
coverage is reached.
Across the Tasman, New Zealand reported 24 new locally acquired coronavirus cases
yesterday, up from 20 on Saturday, showing an upturn after several days of lower numbers, as the
country’s largest city Auckland
awaits to hear today if its lockdown restrictions will ease.
All of the new cases have been
reported in greater Auckland, a
city of about 1.7 million people
which has been in a full level 4
lockdown since mid-August.
Reporting by Reuters, Agence FrancePresse