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Strategies & Market Trends : HONG KONG
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To: MikeM54321 who wrote (1691)5/25/1998 9:01:00 PM
From: Stitch  Read Replies (1) of 2951
 
MikeM,

I can vouch for the penchant of the Chinese to save if my Chinese wife and Mother-In-Law are any evidence at all. And I can also vouch that the vast majority of Chinese business folks I know are very conservative business people. Evidence of this in Malaysia includes the recent relaxation of equity ownership rules in Malaysian companies allowing ethnic Chinese to own a larger share of the companies. I suspect this was to attract new capital into companies dying on the vine as liquidity drys up here. Insofar far as I know, it hasn't produced a well of new money.

Best,
Stitch
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