Hello Merry693,
I do not know anything about Termbray 93.
I had recently had lunch with the entrepreneur who had arranged the take over of Cheung Wah 648 by Softbank and who now has taken over 616 for his own use. 616 will be renamed, and used as a vehicle for i.net and e.com investments.
Yes, Hong Kong is speculative. All the world?s financial gunslingers are visiting Hong Kong, some are making home here. Yes, Hong Kong is ?technology free? to a great degree. And yes, Hong Kong is not necessarily popular, especially now that it has disappointed the world?s press and not obediently collapsed under ?communism? per the WSJ and Fortune Magazine script.
I think the Hong Kong folks are peculiar and many are selfish and self interested often more so then folks elsewhere.
Is Hong Kong foolish? No.
Hong Kong is an island devoid of natural resources living at the doorstep of a volatile neighbor. Hong Kong is, and has been for some time, one of the richest and successful societies with one of the most advanced infrastructure and educated population who are constantly seeking security, self-improvements and betterment for family members. Hong Kong is, population for population, the most prosperous in Asia, bar none.
Hong Kong, as the direct controller and operator of many Asian manufacturing resources, as the contractor of much more manufacturing resources around the world, and as the marketer of a good chunk of Asian trade and export, has the wherewithal to organize B2B on a scale that the VerticalNet?s would envy.
Hong Kong, as the most open Asian society (work visa, legal code) and as a Asian financial center second only to Tokyo is a natural aggregator of clean and dirty investment monies to bet on anything that is worthwhile to bet on.
Hong Kong, as the educated and civil door way to China, always holds out the promise of that elusive jackpot ? China market.
We will be successful. We will be more successful than anyone else in Asia, especially that this current prosperity is not based on factories, chip design or geological resources, but based on organization, marketing, content, deal/alliance making, risk capital, attraction of low taxes and high degree of freedom from government interference.
The Japanese, Americans, Taiwanese, Koreans, Indians, and Overseas Chinese come to Hong Kong for their reasons, and these reasons have historically always, without fail, made Hong Kongers rich.
If Hong Kong folks are gullible, I too want to be gullible. I now look out from my fully paid for unobstructed ocean-view apartment, and I see a giant freighter gliding by in the distance, framed by the quiet and green bay immediately below my balcony. I contemplate yet another foolishly gullible speculative gyration in the financial markets of Europe, now that the Asian markets are shut down for the day. Yup, gullibility is good, especially accompanied by Jennifer Lopez tunes and 0% tax rate on income derived from gullible activities. I arrived in Hong Kong in 1988 with four suitcases to my name. I wish I was more gullible and earlier still. |
