White-collar crime surges in Hong Kong ahead of '97
Article Abstract:
The number of white-collar crimes such as fraud has increased in Hong Kong due mainly to uncertainty over the colony's economic prospects after its return to China on Jul. 1, 1997. Hong Kong's Independent Commission Against Corruption reported that fraud in both the public and private sectors increased by 58% between 1992 and 1994. Despite such statistics, many of Hong Kong's major corporate security firms dismiss the assertion that corporate crime is increasing. Nonetheless, many analysts warned that the growing white-collar crime rate may increase significantly when corruption from China seeps into the colony.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Hong Kong threatens to drive bus firm off the streets over property venture
Article Abstract:
The Hong Kong government has threatened to revoke China Motor Bus Company Ltd.'s (CMB) franchise if it persists in its plan to demolish a bus depot and build a 26-story building on the site. Hong Kong officials have accused CMB of acting more like a property speculator rather than the common carrier it is. However, many observers believe that CMB's owners are within their rights to do what they will with their property. They also believe that excessive government pressure on CMB could force it to close down and thus precipitate a massive transportation crisis on the island.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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To prepare for 1997, Hong Kong's British firms are pushing hard to recruit Chinese executives
Article Abstract:
Many Hong Kong-based British companies are now actively recruiting Chinese executives in anticipation of the Chinese takeover in 1997. This trend can be attributed partly to political considerations but a bigger reason is the fact that many Chinese managers have had enormous success in running some of the colony's biggest enterprises. The ascendancy of Chinese managers in corporate Hong Kong is a marked departure from the past, when British firms kept locals in lower-level positions.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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