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They are more concerned with harmony.” As a Hongkonger, Wong said he can bring international experience to the company, while the mainland senior executives are more familiar with mainland policies, which help steer the company towards seizing business opportunities.

“Despite the different backgrounds, I believe Hong Kong professionals can work well together with their mainland colleagues.

“Internally, it also promotes a constructive culture, if the parent and the red chip can work well together – like crew on a ship.

“This kind of close relationship, which we have enjoyed, helps companies through hard times and makes for a better corporate image.

Consider China’s Huawei Technologies, now the world’s third-largest smartphone maker.

The Shenzhen-based company started by producing cables, routers, and switches, competing with the likes of Ericsson and Alcatel-Lucent for projects in telecom infrastructure.

The young chief executive reportedly measured the firm’s success not by profitability but by market leadership as defined by growing market share.

“We have invested and will continue to invest aggressively to expand and leverage our customer base, brand, and infrastructure,” he said.

In 1997, an upstart company sent out its first letter to shareholders to explain its business philosophy.

“In a Hong Kong company, the boss determines policy and that’s normally implemented immediately.

In a Chinese company, you’ve got to build consensus from other departments on their views on how to implement policies most effectively.

Profit rises on tighter margins at Vanke None of these frantic expansions comes cheap, as sprawling investments have condemned the company to subsist on razor-thin margins.

Critics have scorned Amazon as “a charitable organisation being run by elements of the investment community for the benefit of consumers,” so much so that the firm registered a net loss of US4 million in the third quarter of 2012.

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  2. Aug 12, 2016. Cosco Shipping Ports' deputy managing director Kelvin Wong Tin-yau says HK and mainland cultures can be different, but supportive.

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