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Peter Guy
Peter Guy
Peter Guy is a financial writer and former international banker

Documenting the origin of every dollar is impossible and while the newly passed Land Owner Transparency Act may reveal that Chinese are the main buyers of luxury real estate, this is no fodder for money-laundering claims, only for jealousy.

China may be the centre of Chinese capitalism but Hong Kong is where the banking occurs. Historically, emerging economic superpowers must maintain onshore and offshore financial centres. For Beijing, this may be Hong Kong’s only tangible value.

The departure of a generation of major business figures in Hong Kong – its original property tycoons – coincides with the arrival of the Chinese model of state capitalism on the global stage. The archetypal Hong Kong tycoon may never return.

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The last 10 years have forced some clients to maintain two portfolios: low risk, low return fixed income products, and high risk assets such as structured financial products, derivatives and alternative assets

The Chinese conglomerate has a seemingly uphill task of integrating the US$3.5 billion purchase of Legendary Entertainment with its portfolio of shopping malls and cinemas as it undergoes restructuring