Category Archives: Hong Kong

Swire closes Grappa’s in Pacific Place

Swire Properties has announced it will not be renewing the lease of the popular restaurant Grappa’s in its Pacific Place mall. The restaurant will close in July after being a fixture in the mall for just over 25 years. HowardWinnReports.com wrote a few weeks ago that Swire was contemplating axing the restaurant as part of a strategy to ‘freshen up’ the mall. Continue reading

Ciao Grappa’s?

First Dan Ryan was eased out of Pacific Place. Now it appears the Italian restaurant Grappa’s is under threat of having to close when its contract expires later this year. Negotiations are still underway between the owners, El Grande Concepts, and Swire Properties. But there is speculation that at least some in Swire Properties management want Grappa’s out. Grappa’s has had this location since 1990 and still remains extremely popular. Continue reading

Tsang’s effort to hide Hong Kong’s budget riches is suspicious

This year’s budget was notable for the Financial Secretary’s hand-wringing over events in Mong Kok, calling them shocking and an assault on Hong Kong’s core values.

John Tsang’s solution: “As long as everyone is willing to set aside short-term political considerations in favour of the long-term overall interests of Hong Kong, we shall have a chance to return to rationality.” While it is tempting to suggest he tells that to the Chinese Communist Party it has won him newspaper headlines for having ‘heart’ and being more in touch with Hong Kong’s problems than other senior government officials.

But leaving aside Tsang’s bromide political observations, his latest effort was much the same as previous budgets in that his main problem was to hide the extent of Hong Kong’s embarrassment of riches. Continue reading

Stockbroker Allan Murray dies

Allan Murray died recently. He was aged 72 and had lived and worked in Hong Kong since arriving here in 1971. He spent most of his working life as a stockbroker with Jardine Fleming, a joint venture formed in 1970 between Jardine Matheson and London merchant bank Robert Fleming & Co. Despite his easy going business style he survived its acquisition by the rather more straight-laced US investment bank, JP Morgan Chase and went on to become Chairman of Hong Kong Equity Broking a position he held until his recent death from a brain haemorrhage. Continue reading

Riot highlights bleak outlook for one country two systems

 

Discussions into the reasons for the Mong Kok riot are now well underway. HowardWinnReports.com views it as another bleak expression of frustration with the current social and political conditions in Hong Kong and should have come as no great surprise. Indeed, a threat assessment in October 2014 by the specialist risk consultancy, Steve Vickers and Associates, noted the possibility of, “Some small scale violent actions may possibly be taken by splinter groups….” Continue reading

Why CY Leung fails to inspire Hong Kong people

The policy address should be an assessment of Hong Kong’s well being and the problems and opportunities it faces and how the government intends to tackle these issues over the next year. The difficulty for Chief Executive CY Leung is that an honest attempt at this opens a Pandora’s box. So rather than discuss issues which concern people such one country two systems, constitutional reform changes to MPF, universal pension and so on, he ignored them. Continue reading