2013年5月22日星期三

Where Hong Kong's economic strength


Hong Kong has been used as the last vestiges of colonial rule, in the minds of the British left-wing politician, was described as a total in the Far East, dirty sweatshops.

But since last year occurred on the Hong Kong market, numerous events, prove that this wealth of strength and international influence for the rapidly growing body of political economy argument is biased.

As colonialism diehards are incredible, as the British business community in Hong Kong's influence was waning. Over the past year, more and more Chinese people in Hong Kong want to appear a force, the most powerful tradition with local firms - has 148-year history of Jardine Matheson compete.

Jardine changes on the market speculation about almost obscures another important information, Chinese quarter in Hong Kong's financial influence is growing.

Surrounding the acquisition of terminals and warehouses Limited Kowloon, Hong Kong, Hongkong Land (a Jardine has a close relationship with the company) and the Chinese shipping magnate Pao launched fierce battle, the former Waterloo.

Hongkong Land financed the acquisition was first announced to 12.2 yuan of Landmark stock, plus a nominal 75.6 yuan of mortgage bonds, giving a total consideration of $ 100, for a share of only $ 10 Wharf stock, will be on hand 20% shareholding holdings to 49% (49% is the critical point, but in reality forced Pao to more than 49% share of the general offer to acquire short-term financing is very difficult). Under the circumstances, the outside world think Pao (previously held 30%) will give up ownership and bid. But Pao quickly responded to the challenge of Landmark. Only a weekend, Pao win HSBC support assembly 200 million pounds (about 2.1 billion Hong Kong dollars) to 105 yuan per share price of replacing Land Acquisition Wharf stock holdings to 49% of the shares on hand.

Pao prices in tricky takeover battle won, while avoiding the risk of overall funding acquisitions, which greatly weakened the launching of the war business giant Jardine Matheson forces, so that British-owned financial institutions in Hong Kong in a few years has been a big setback.

This naturally sparked rumors of Jardine crisis. ......

Unpredictable is from Beijing investment interests. China is gradually in Hong Kong's financial projects play an important role to play ...... Chinese ...... even lending to these projects proved that this political pragmatism in China since Mao's death, the concepts and ideas in the gradual progress.

Many Chinese are the official short-term investment capital, from the Jardine or acquire shares of the Beijing Landmark is undoubtedly attractive. Chinese in Hong Kong, but also there are many financing channels ......

Regardless of the current Landmark about Jardine and changes the outcome, it is clear the importance of the British business community in Hong Kong has become increasingly weakened.

Simply from the financial, said in Hong Kong in recent years, the British regarded as a minor partner. Britain is in the United States, Japan and other foreign capital investment after the arrival of our manufacturing sector, it is in the proportion of foreign investment capital, from March 1979 to 7.2%, fell to 6.6% in March this year. In contrast, the United States accounts for foreign capital in Hong Kong 44.5%, Japan accounted for 21.7%.

Politically speaking, the Chinese in Hong Kong, the growing expectations of the business community, working with Beijing as soon as possible end of the Sino-British treaty making New Territories close fit. Holding political pragmatism enterprising Chinese Communist Party and the wealth of ideas between businessmen gap is shrinking. ......

China Light and Power Company, Mr. Chairman Lawrence Kadoorie, Sino-British relations, a prominent critic, also publicly commented: "No matter from which point of view, Hong Kong has become in the United Kingdom under the jurisdiction of China's free zone."

If you continue to stand in local Chinese in Hong Kong, the economy in the forefront of this free zone will be more likely to sustain. Regardless of how the British left-wing politician believes that Hong Kong has actually govern this area from many years ago, bag factory and they are now their names are written on the front door.

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