OPUS ON PRINCELINGS REVEALS A SYMPHONY OF TALENTS
Just how good are our Hong Kong princelings - we are talking about the ones who have already taken up key roles in the family business?
According to CLSA's most recent report, The next generation: passing the golden baton, they are a self-driven bunch of people with colourful personalities.
The brokerage firm uncovered an accomplished musician (Raymond Industrial managing director Raymond Wong Man-hin who trained under Leonard Bernstein), a cartoonist (Regal Hotels International director Poman Lo Po-man) and the one chairman of an ice hockey club (Hopewell's Thomas Jefferson Wu).
CLSA reckons most of them, including Prince Richard Li Tzar-kai and casino heir Lawrence Ho Yau-lung, are well-trained in management theory, espouse good corporate governance and are destined to move their companies away from being family-controlled enterprises.
Still, the young can be anything but predictable, so it is probably hard to make a compelling investment case. But time will tell.
