A whole new world
Article Abstract:
With the bulk of its business intimately tied with Hong Kong's economy and culture, Hong Kong & Shanghai Bank will continue to be enslaved by the political forces acting on both Hong Kong and China. Hong Kong Bank amassed its financial strength in Hong Kong, acting primarily as the financial lender to the territory's build up of infrastructure. With this role, Hong Kong Bank accounted for 45% of its parent's profits, despite accounting only for 30% of the conglomerate's assets. Hong Kong Bank is diversifying its services from lending, adding its capital-markets service through the formation of HSBC Markets.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Not for the faint-hearted
Article Abstract:
A series of bad debts and collapsing arrangements in China have replaced business leaders' too-rosy vision of the country with one that overrates its risks. Flexibility, small size, quick responses to opportunity or danger, and a commitment to try every channel of communication are all vital to success in China. Despite McDonalds' losing its guaranteed Beijing lease and Lehman Brothers' lawsuit against two Chinese state enterprises, some observers say investing in China is safer now than it was in the early 1990s.
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:
China purist: Hongkong lender prospers from Peking links
Article Abstract:
Hongkong's Ka Wah Bank, which is owned 60% by China International Trust & Investment Corp (Citic) and has other major Chinese shareholders, benefits heavily from investment activity in China. Ka Wah's hopes of expansion in Europe will be facilitated by easy access to foreign exchange through the Bank of China. Though Ka Wah earns high profits from domestic consumer banking and mortgage loans, a bulk of its profit is generated from trade finance and project financing in China.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A bid too far. Bet on the banks
- Abstracts: Freer to choose: Singapore opens retirement fund for stock investment. Back across the causeway
- Abstracts: Back in the game. Slow boat for China: Peking's application to join Gatt appears stalled. Myopic vision; lack of direction marks China's attitude to Taiwan
- Abstracts: Re-enter the dragon as past is buried. Strong growth offshore. Time for Tokyo to take "hands-on" role
- Abstracts: Traveller's tales. Chatichai fever