Staying ahead of the game: Asian investors see risks as opportunities
Article Abstract:
Asian investors differ from others worldwide in their acceptance of risk but a generational change is remaking the world of private banking in Hong Kong and elsewhere. Change, such as Mexico's economic crisis, creates opportunity in the eyes of many Asians. However, they want to be sure they are getting returns commensurate with the risk. This strategy has built huge fortunes. The new generation of Western-educated investors with overseas experience is more interested in banking instruments, making the industry more volatile.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Peregrine's great leap
Article Abstract:
The Hong Kong-based brokerage Peregrine Group has enjoyed tremendous growth since it was founded in 1988 and now has 16 offices throughout Asia and over $1 billion in assets. The company, led by co-founder and chairman Philip Tose, has prospered by being able to make quick decisions and benefits from excellent business connections within Hong Kong. Peregrine plans to transform itself into a full-service investment bank from a equities boutique which requires changing from an entrepreneurial culture to an institutional one.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Once burned
Article Abstract:
China International Trust & Investment Corp's Shanghai office came in 1994 to symbolize the problems of reckless gambling on international markets with unbacked credit. Shanghai Citic tried to portray itself as a full branch of Beijing Citic, which is considered China's safest credit, rather than a subsidiary. When Shanghai Citic's losses reached $40 million, twice its registered capital, its debtors successfully pressed Beijing Citic to make up the debts. The opacity of China's legal system further worried creditors.
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:
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