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.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Parcels and passengers. Fly me to the moon: airline pitch ads to attract business passengers
- Abstracts: Brawling in the ring: US and China take off the gloves. Stuck in first gear: Chinese province blocks Sea-Land truck license
- Abstracts: Perot's patriot games. How to handle America: US and Japan open far-reaching trade talks. Back to the world: progress on MIAs boosts chance of Vietnam ties
- Abstracts: Grappling with the bear. Not a happy bunch: World Bank/IMF meeting wasn't the party many expected. Spring snooze: Asia's weary fund managers took a cautious tack in second quarter
- Abstracts: Explosive issue: accident's impact may hurt at the pools. Character assassination: media revelations force Kim aide to resign