In Hong Kong, don't fight; just make some money: a pragmatic profit motive is what's behind the boom in the island's buoyant property market
Article Abstract:
Some Hong Kong residents are skeptical of Chinese leadership but this is not stopping them from making a profit. Hong Kong residents fear that China will assert itself as an authoritarian ruler but Hong Kong residents would like to make a profit regardless of the outcome of Chinese rule. Stock markets are booming due to the entry of Chinese securities and speculators are making a killing in their respective markets due to the chinese influence but this does not make them like the Chinese any better.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Lai's sale of stake in Chinese retailer reflects pragmatic approach to Beijing
Article Abstract:
Hong Kong publisher Jimmy Lai is selling his 47.5% interest in Chinese retailer Tiger Enterprises Ltd. in line with his adoption of a more pragmatic stance towards Chinese officials as the turnover of the colony to China approaches. Lai earned the ire of Chinese officials after he made remarks critical of Chinese Premier Li Peng in his magazines. Lai is selling his stake to Giordano International Ltd. to save the company from any further retaliatory action on the part of the Chinese government.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Colony's bourse investigates Lai's snap selling of Giordano
Article Abstract:
The Stock Exchange of Hong Kong Ltd. ordered an investigation on businessman Jimmy Lai Chee-ying's snap selling of 27% of Giordano International Ltd.'s stocks valued at $188.8 million. On Mar 1, 1996, Lai's retail company announced that Lai had no plans to divest his interests in Giordano. Although Lai's activities were legal and ethical under Hong Kong stock trading regulations, some questioned his motives for changing his position on the divestment.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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