| Abstract | For a company with strong parental ties to Beijing, CITIC Pacific may seem an unlikely member of Hong Kong's corporate establishment. But flamboyant chairman Larry Yung, son of Chinese Vice President Rong Yiren, has embraced the territory's ways like a local. Three quarters of his company's assets are invested in the territory. And the red chip stock - Hong Kong-listed but with a mainland parent - is a constituent on the Hang Seng index. That makes it a blue-chip stock - purple, when its China pedigree is included. The company's commitment to Hong Kong will not change after 30 June 1997, says CITIC Pacific managing director Henry Fan Hung Ling. |
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