Fixed assets: British hongs still tied to the colony

Article Abstract:

Jardine Matheson and Swire Pacific are two Hongkong companies, or hongs, that are pursuing markedly different strategies as the colony's return to China in 1997 comes closer. Swire prefers a non-belligerent style aimed at avoiding political statements that might irritate the Chinese government. Jardine, in contrast, has made its distrust of China quite clear by announcing in Mar 1984 that it would relocate its legal domicile to Bermuda. Jardine's 19th-century involvement in the opium trade has engendered Chinese hostility. Both companies still have extensive assets in Hongkong.

Cover Story, Swire Pacific Ltd., Jardine Matheson Holdings Ltd.

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A change in direction

Article Abstract:

A few Japanese companies are looking beyond the disastrous markets there to plan for the future, though even they find it difficult to reorganize for a very different business climate offshore. Nomura, led by executive managing director Katsuya Takanashi, is shifting its capital-raising emphasis to venture capital rather than simply selling Japanese stocks. It is also looking for ways to help build its clients instead of simply offering access to financial markets. Mitsubishi Bank is likewise moving proactively.

Financial Services, Finance and Insurance, Japan, Capital market, Capital markets, Corporations, Japanese

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Intangible assets: Joseph and Thomas Lau have shot to the top of Hong Kong's property business, rankling rivals along the way. Now, they want something else: respect

Article Abstract:

Hong Kong's disreputable but successful Lau brothers seem to desire respect, but the property market establishment remains suspicious. Joseph Lau reportedly makes the decisions regarding their business empire, led by public company Chinese Estates Holdings, while Joseph deals with the press and institutional investors. Together they have proven that even in Hong Kong it is possible to build a commercial empire through the stockmarket rather than the big banks and other establishment power sources.

Real Estate, Real Estate and Rental and Leasing, Management, Real estate industry, Chinese Estates Holdings Ltd.

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