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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (667)9/3/2003 6:24:25 PM
From: RealMuLan  Read Replies (1) | Respond to of 6370
 
The HK$2.64 million question
By Alan Fung

HONG KONG - The media have been lauding the case of a recent real-estate deal involving a visiting mainland tycoon, saying that the border should be further opened up to "individual visits" as a way of stimulating Hong Kong's moribund real-estate industry.

In their enthusiasm, however, the media have failed to ask some obvious and troubling questions about how this tycoon got around customs and other regulations to bring HK$2.64 million (nearly US$338,500) in cash from mainland China into Hong Kong.

atimes.com