Word: mainlanders
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...industry has failed to do. Piracy, video and aggressive foreign competition eroded the market for the city's movies, while its once kinetic style grew stale. Yet even as Hong Kong struggles through creative and financial doldrums, Chinese-language cinema is poised to take off?as the increasingly mainland-oriented Hong Kong International Film Festival will demonstrate when it opens this week. Chinese films like Hero and House of Flying Daggers have earned world-class box office, while the gradual liberalization of the mainland market means the demand for Chinese-language movies is only going to grow. If Hong Kong...
...fears of renewed bloodshed as Syrian troops start to withdraw. The Ties That Bind CHINA Taiwanese President Chen Shui-bian condemned as a "law of aggression" Beijing's new antisecession legislation, which permits the use of "nonpeaceful means" against Taiwan if the island moves toward formal independence from the mainland. MEANWHILE IN FRANCE... A Piste of One's Own Lee Kun-hee, chairman of South Korean electronics giant Samsung, has avoided colliding with other skiers on his winter vacation in Courchevel by reserving three beginners' slopes for private use - at a cost of €1,500 per hour. Which goes...
...companies with outdated equipment, poor management and, understandably, little comprehension of the concepts of capitalism. "I couldn't find any management teams I felt comfortable trusting our assets to," Ho says. So he pursued opportunities in Hong Kong, Singapore, Taiwan and Japan instead. When he did invest on the mainland in 1998, he avoided the risky emerging companies and state-owned enterprises with their murky finances. Instead Crimson has focused on helping U.S. and foreign middle-market industrial manufacturers set up operations in China. "China's emergence is reshaping the competitive playing field," says Ho, 45. "Multinationals are making serious...
...master's degree from Stanford and a Harvard M.B.A. didn't help return Huang to the Marxist fold. Nor did an exercise in entrepreneurship when he co-founded General Wireless (now known as MTone), one of the first mainland-owned companies to receive venture-capital funding in the mid-'90s. Now Huang is sowing the seeds of capitalism as China managing director of Softbank Asia Infrastructure Fund, a $400 million venture fund. "There's a tendency for foreigners to look at [Chinese] companies run by English-speaking CEOs because they feel they can trust them and talk directly to them...
...Chao's foresight a decade ago. Most big U.S. law firms focused on Hong Kong, and O'Melveny opened a branch there too. But Chao, who had spent a year teaching international law in Beijing and Shanghai in 1985, recognized early on that having a big presence on the mainland would be a competitive advantage. The Shanghai operation opened in 1996, and a Beijing branch was added in 2002, as soon as the government gave the green light. "It was clear that by being there, we could see what was happening and what was coming down the pike sooner...