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Author:Clifford, M.
Lindorff, D.
Engardio, P.
Title:Red-chip revelry
Journal:Business Week
1997 : JUN 30, VOL. 3466:847, p. 28-29
Index terms:ECONOMICS
ECONOMIC CONDITIONS
HONG KONG
Language:eng
Abstract:Despite scandals, mainland stocks keep soaring. How long can it last? Gary Greenberg used to be dismissive of red chips, the often murky companies controlled by mainland Chinese interests that are listed on the Hong Kong stock exchange. While other investors wildly bid up new red chip offerings, the deputy managing director for Peregrine Asset Management Ltd. feared they were far too risky -- and prone to a crackdown by conservative Chinese regulations. But in mid-May, Greenberg says, he "underwent a conversion".
SCIMA record nr: 165259
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