A China-Charged Bull Market for IPOs in Hong Kong

September 30, 2009 at 1:15 pm

The surging mainland economy and Beijing’s expansionary policies have China-focused companies eager to capitalize on the bright outlook (by F. Balfour and B. Einhorn, BusinessWeek, September 21, 2009).

After the collapse of Lehman Brothers a year ago, things were looking grim for American gambling tycoons Steve Wynn and Sheldon Adelson. The two had expanded into Macao, China’s gambling hub, just as the Chinese economy was slowing and Beijing was tightening rules on travel to Macao in a bid to fight money laundering. That meant fewer Chinese were able to gamble at casinos owned by Wynn Resorts (WYNN) and Adelson’s Las Vegas Sands (LVS).

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Entry filed under: Asia, China, marketing.

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
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