Market omens in Year of the Rat

Article Abstract:

Chinese superstitions still play a very influential role in developments on the Hong Kong stock market. Considerable efforts are made to ensure that the stock market is at high levels at the beginning and end of the Chinese new year, and there are many signs of attempts to bring about good 'fung shui,' which reconciles man and his environment. Many companies employ fung shui masters, and their opinions are taken into account even at the stage of designing a building.

Column, Influence, Philosophy, Chinese, Chinese philosophy

---

Contagion spreads to take further toll in Hong Kong

Article Abstract:

Share prices in Hong Kong have fallen to extremely low levels as the impact of the collapse of Asian financial markets becomes more widespread. Further problems have also been created in Hong Kong by the collapse of Peregrine Group, the largest financial conglomerate there. Peregrine's demise has had a particularly negative impact on companies with links with China. Interbank rates touched 20% at one stage, and there are fears of a further rise in prime rates.

Diversified Companies, Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Financial Services, Finance and Insurance, Conglomerate corporations, Economic aspects, Financial services industry, Finance, Exchanges, Peregrine Investments Holdings Ltd.

---

A market with firm convictions

Article Abstract:

The regulatory authorities of the Hong Kong stock exchange have in a number of cases apparently overlooked criminal activities in which leading figures from some of the largest companies listed on the exchange have been implicated. The most recent case is that of Tsang Hin Chi, one of the most well known businessmen in Hong Kong and chairman of Goldlion Holdings, who failed to give details of a criminal conviction.

Similar abstracts:

• Abstracts: Corruption at the heart of the revolution. South Africa wakes from its long sleep. Old ills haunt new S Africa
• Abstracts: British troops who paid the price of peace. UK troops ready to take on Serbs. British to pull out of Bosnia pocket
• Abstracts: Is the handbag losing its impact? Back to the Thatcherite future with Mr Hague. Thatcher's spectre haunts the feast
• Abstracts: Clarke wins first skirmish but not the war. Governor leads Chancellor by two goals to one. Critics of Bank independence miss the point

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.