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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: don pagach who wrote (4793)	6/24/1998 8:05:00 AM
From: Bosco	Respond to of 9980

g'day all - dear don, personally, I'd not underestimate the resolve of the HK people. They don't get to where they are now with sheer luck or influx of excess capital. It has lived thru more boom and bust cycles than most countries. More important, it is still very much a "portal" to China. Very often, MF managers would say something like "we like to invest in China by way of HK." [in a way, you said similar things.] Of course, HK is not without its weakness. Many cos assets are tied to the property values. And properties are going down the tube. Incidentally, I ve cited some of the figures from the US pertaining a decline of 30%. Over the weekend, one chinese periodical [not financial oriented though] claimed as much as 50%. There were even gimmick like buy one get one free! Having said that, albeit the artificial inflation of property values there in the past several years, its housing shortage is real [unlike the over building in Thailand etc] So, HK is more like the NYC situation back in the early 90s. Ultimately, unlike the Japanese "convoy system," HK is shark country. Let's put it that way: it would be Bill Gate's dreamland! Finally, if one is to see Mrs Secretary Anson Chan giving an interview, one gets a glimpse of the caliber of the HK technocrats. Of course, just my 2c best, Bosco