 The newspaper faced competition from three English newspapers, "Hong Kong Daily Press", "China Mail" and the "Hong Kong Telegraph".After the Second World War, the Hong Kong and Shanghai Banking Corporation (HSBC) bought majority shares in the newspaper.It was listed on the Hong Kong Stock Exchange in November 1971, but was privatised again in 1987 after being bought by the News Corporation in 1986 for HK$2.2 billion (US$284.4 million).