The Hongs

Restoring former glory

Historically, The Peak has always been about exclusivity. Residents were privileged senior officials, diplomats and taipans of major 'Hongs' (trading companies). They were not only wealthy, but enjoyed supreme social status.

Thursday, 7 May, 2015, 4:01pm


On February 6, Money Post published a story, 'Hong Kong hongs gone', stating that Swire Pacific had moved its registered office to Bermuda. That is incorrect. Swire Pacific has always been registered in Hong Kong. We regret the error.

7 May 2015 - 4:04pm

Henderson to push on even if the margin is close to nothing

Henderson Land Development, one the three bidders for the West Kowloon Cultural District, said the new proposal will shrink the project's profit margin.

'In the new proposal, half of the site needs to be auctioned, only a small part is left behind, and the plot ratio has also been changed. It is very different [from the original plan],' Henderson chairman Lee Shau-kee said.

8 Oct 2005 - 12:00am

Leave Li alone

The European MP who wrote the report alleging that some businessmen, including Li Ka-shing, had 'an undue and dominant influence in certain sectors of Hong Kong's economy' ought to be reminded that it was not that long ago that two companies ran almost all of Hong Kong's businesses: the Jardine group and the Hongkong and Shanghai Banking group.

2 Nov 2000 - 12:00am

Time to break free from shackles of cartels

It was interesting to read Tim Gallagher's letter ('Having little sympathy for property speculators', South China Morning Post, May 25) and I agree with him that it is due to property speculators that Hong Kong has lost its competitiveness, leaving many people jobless.

2 Jun 1998 - 12:00am

JF picks defensive hongs

Investors should focus on strong balance sheets and high recurrent cash flows when picking Hong Kong conglomerates, Jardine Fleming (JF) says.

With trading conditions remaining difficult due to the economic downturn in Hong Kong and the region, the house said it was backing Hutchison Whampoa, Swire Pacific and Citic Pacific.

16 Feb 1998 - 12:00am

Shame on British hongs

REFLECTING on the meaning of Remembrance Day brought to mind the plight of the few remaining veteran defenders of Hong Kong and their spouses and widows.

20 Nov 1995 - 12:00am

Search starts for tenants to fill Festival Walk

SWIRE Properties and CITIC Pacific have begun soft-marketing shopping space in their giant $6 billion Yau Yat Tsuen development, Festival Walk.

Although the project is not scheduled for completion until late 1997 or early 1998, the two hongs are already talking to a handful of potential major tenants.

4 Oct 1995 - 12:00am

Wheelock's methods apt

I REFER to the article 'Wheelock's one-off props for profit become a deterrent' by Adela Ma, which appeared in Business Post on July 27 and on which I would like to comment.

31 Jul 1995 - 12:00am

Blue chips help get the better of a bad bourse

HOW to make a silk bourse out of a sow's year? Not another column about Hong Kong shares, another portfolio? 'I don't ever want to see another share in my life,' cried the investor who bought HSBC in the Year of the Dog for $130 or Hanny Magnetics at $3 when it was the fund manager's dream share (it trades today in the 40s . . . cents that is).

5 Feb 1995 - 12:00am

Commercial ties bring jobs

STRONG ties with local industry and business has ensured a high rate of job placement for City Polytechnic Hong Kong (CPHK) graduates, Dr Kam Wai Kee, a pro-director at the institute, said.

More than 95 per cent of CPHK graduates find jobs six months after finishing courses, said Dr Kam.

7 Oct 1994 - 12:00am

Blueprint aims to please all

GOVERNOR Chris Patten promised 18 months ago that the first Special Administrative Region (SAR) would inherit a dowry worthy of Cleopatra.

Yesterday, Sir Hamish Macleod posted a cheque for $268,934,000,000, give or take a few billion, that will arrive in March 1998.

3 Mar 1994 - 12:00am

The taipans who made Hongkong what it is today

TRADERS OF HONGKONG: Some Foreign Merchant Houses, 1841-1899, by Dr Solomon Bard (The Urban Council, $51). FOR all the Li Ka-shings of today, Hongkong would not be what it is without the men who got the ball rolling. This book sheds new light on the origin of the hongs.

21 Feb 1993 - 12:00am