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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1383)	3/11/1998 2:24:00 PM
From: ----------	Respond to of 2951

Thanks Ms. Yiwu: Most informative article on Red Chips. It was the "parents" that got me interested in HSBC in 1985 and in CITIC (267) back in 1991. (I still own both, as "child" and "parents" are both doing fine.<g>) Same with China Everbright (165) or one of its' other brothers. I do not recall that Stone (409) has any direct links to good parents, but as I recall, they have good relations with some very influential "Uncles" both at the local Beijing level & at the ministry level. The current reforms are encouraging competition. Just having the right "relations" will not assure success. A company still must perform well & manage wisely. Still, knowing which companies have been favored in the past is a good starting point for researching what to buy. Thanks Again for the information. Regards, Doug