U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > World Forums > Asia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-07-2012, 08:52 PM
 
Location: The western periphery of Terra Australis
24,682 posts, read 50,564,743 times
Reputation: 11862

Advertisements

Hong Kong still has the most billionaires of any city in the world per capita, despite the exodus after the handover in 1997.

The number of billionaires in China itself has risen greatly in the past 20 years.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 10-08-2012, 09:15 PM
 
11,994 posts, read 9,742,335 times
Reputation: 6552
Are these billionaires just bankers though? When Hong Kong was a lone colony, how big could the banking have been? Who would they have banked for? Definitely not closed off communist China, but there was Indochina and many overseas chinese entrepreneurs who could have used some financing. Back in those days, you still had to have face to face reps for your business, so I figure banking must have been another industry that escaping chinese would have sought out in Indochina if they made it.

Now I do not know a thing for sure about this topic. I am just piecing together what I do know, and trying to deduce an answer. I am just a buff for human migrations and such.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-16-2014, 03:12 PM
 
3,445 posts, read 2,617,547 times
Reputation: 2477
Quote:
Originally Posted by Smtchll View Post
Yeah, most of the upper-class in the Philippines has Chinese ancestry (along with some Spanish maybe) They're a small minority, but they're powerful
financially maybe but power still resides with whoever sits at the top of political power. as one mayor said, you can own the businesses as long as you don't meddle in politics.

so ultimately, power emanates from those who rule and no matter how rich the ethnic Chinese are.

I guess that's the reason you don't find bloodshed in the Philippines regarding ethnic Chinese. they still need to dance with the powerful politicians
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-17-2014, 03:07 AM
 
3 posts, read 3,117 times
Reputation: 10
No, they do different businesses in addition to banking.
Quote:
Originally Posted by NJ Brazen_3133 View Post
Are these billionaires just bankers though? When Hong Kong was a lone colony, how big could the banking have been? Who would they have banked for? Definitely not closed off communist China, but there was Indochina and many overseas chinese entrepreneurs who could have used some financing. Back in those days, you still had to have face to face reps for your business, so I figure banking must have been another industry that escaping chinese would have sought out in Indochina if they made it.

Now I do not know a thing for sure about this topic. I am just piecing together what I do know, and trying to deduce an answer. I am just a buff for human migrations and such.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-17-2014, 05:50 AM
 
Location: Pilipinas
282 posts, read 644,239 times
Reputation: 40
Based on the title I say Yes.

Chinese middle class and some rich few who wanted to have freedom in business during the Mao era, migrated to their countries of choice... southeast asian countries were some of their chosen new country to avoid harassment, forced confiscation of properties and wealth from the communist ruling.

heard it from a filipino-chinese friend btw.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-17-2014, 11:08 PM
 
11,994 posts, read 9,742,335 times
Reputation: 6552
Quote:
Originally Posted by payutenyodagimas View Post
financially maybe but power still resides with whoever sits at the top of political power. as one mayor said, you can own the businesses as long as you don't meddle in politics.

so ultimately, power emanates from those who rule and no matter how rich the ethnic Chinese are.

I guess that's the reason you don't find bloodshed in the Philippines regarding ethnic Chinese. they still need to dance with the powerful politicians
Are the chinese not heavily represented in politics also?

Chinese Filipino - Wikipedia, the free encyclopedia
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > World Forums > Asia

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top