Pulling the levers

Article Abstract:

Hong Kong's chief executive, Tung Chee-hwa, has a key financial adviser called Chung Shui-ming who is an Executive Council Member and a politician from the Hong Kong Progressive Alliance. He will also have a senior post at the Bank of China Group. He is likely to oppose calls for more public spending and argues that banks should not be overexposed to the real estate market. He was appointed chief executive of Hong Kong's Sino-British Land Fund in 1988, and was the guardian of funds from government sales of land to be used after 1997. The fund had assets of $25 billion in Sep 1997.

Economic Programs, Administration of Economic Programs, Economic policy, Chung Shui-ming

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In the bazaar

Article Abstract:

The level of illegal arms shipments going through Hong Kong is causing concern. Two large shipments were intercepted by customs authorities in Sep 1996. They were sent from N Korea to Syria and from China to Pakistan. Customs officials in Hong Kong set up a team to tackle the problem of illegal shipments in 1994, and they argue that their system has functioned well. N Korea is believed to be trying to set up deals involving arms in exchange for food.

All Other Fabricated Metal Product Manufacturing, Ordnance & Accessories, Defense industries, International trade, Arms smuggling

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More read than red: China-owned SUP has gone from propaganda peddler to publishing giant

Article Abstract:

Chinese owned Sino United Publishing (SUP) dominated Hong Kong's annual book fair in July, and it is aiming to become the centre of a global Chinese-language publishing industry. Its success will depend on the continuation of freedom of information in Hong Kong. It has no plans to completely sever connections with the mainland, as it can sell a profitable selection there.

PRINTING AND PUBLISHING, Publishing, Publishing Industries, Publishing industry

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