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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (6836)	10/22/1997 5:09:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

YES, and a whole bunch of laundered money from Asian bad debt. Hong Kong has been making their profits using mainland Chinese labor at "red chip" companies who were heavily subsidized by the Chinese government, still Communist but in a different shade of red. Now the Chinese government is getting tired of the sleazy backroom operations and lack of profit at most of these companies and is restructuring operations. It cuts the old Hong Kong compnies out of the profit. The profit centers will be through the Shanghai stock market now. Beijing subsidised a mammoth amount of overconstruction in Shanghai and now is forcing or incentivising companies to move out of Hong Kong by offering almost free rent and perqs. I noticed China is issuing bonds now and at higher yields than US bonds. That one is gonna drive Greenspam nuts.