Wake-up call

Feb 01, 1999
<p>Hong Kong's government stepped into the market last August and loaded itself up with HK$118 bn worth of stock</p>
When the management of Hongkong & Shanghai Bank headed into work on the morning of August 28 last year, the last thing they expected to see was the Hong Kong government entrenched as their largest shareholder. Nonetheless, with an investment of $4 bn, the

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