Shuffle and deal: why Deng's death didn't rattle Hong Kong's 'red-chips'
Article Abstract:
Many Chinese companies in Hong Kong owe their success to the fact that senior executives had political connections and personal relations with Deng Xiaoping and other Chinese leaders. The performance of such 'red chip' companies have not been adversely affected by the death of Deng Xiaoping, as some no longer rely wholly on their connections. However changes in the Beijing hierarchy may alter the assessment of the red chips, although ratings will not change much, and companies will have had sufficient time to institutionalise their status.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Every man for himself
Article Abstract:
Hong Kong companies which get into financial difficulties are very vulnerable to their creditors. This contrasts strongly with the situation in other countries, where a company in financial difficulties can hold off its creditors until it draws up a reorganisation plan. The fate of companies in difficulties in Hong Kong is not decided in a very standard or transparent way. This is shown in the case of Siu-Fung Ceramics, which has added difficulties because most of its money was borrowed in Hong Kong for assets in China.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Cracking the whip
Article Abstract:
The Securities and Futures Commission, Hong Kong, has initiated investigations into the affairs of three companies since 17 Aug 1992. The three companies, the Allied Group, Hanwah Holdings and Tomson Pacific and World Trade Centre Group, are being investigated for certain inter-corporate transactions made by them after 1990. These three companies were known for their habits of shifting assets between subsidiaries amongst themselves and their balance sheets are seldom satisfactory.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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