published_or_final_version / abstract / Architecture / Doctoral / Doctor of Philosophy

published_or_final_version / abstract / Real Estate and Construction / Doctoral / Doctor of Philosophy

by Fan Sze-chek, Lawrence. / Bibliography: leaf 66 / Thesis (M.B.A.)--Chinese University of Hong Kong, 1984

by Chan Sze Shing Francis. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1987. / Bibliography: leaf 49.

by Chan Tsun Kit. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 64-67). / Abstracts in English and Chinese. / Abstract --- p.i / Acknowledgments --- p.iii / Table of Contents --- p.iv / List of Tables --- p.vi / List of Figures --- p.vii / List of Appendices --- p.viii / Chapter Chapter 1. --- Introduction --- p.1 / Chapter Chapter 2. --- Background --- p.4 / Chapter 2.1 --- The Importance of Real Estate Sector --- p.4 / Chapter 2.1.1 --- Employment Sector --- p.5 / Chapter 2.1.2 --- Investment Sector --- p.5 / Chapter 2.1.3 --- Banking Sector --- p.6 / Chapter 2.1.4 --- Government Sector --- p.6 / Chapter 2.2 --- Characteristics of the Real Estate Market --- p.7 / Chapter 2.3 --- Price Movement --- p.10 / Chapter 2.4 --- Major Developer --- p.13 / Chapter 2.4.1 --- Sun Hung Kai Properties --- p.15 / Chapter 2.5 --- Contribution of Real Estate Sector on Stock Market --- p.16 / Chapter 2.6 --- Connection between Real Estate and Stock Market --- p.17 / Chapter Chapter 3. --- Literature Review --- p.19 / Chapter Chapter 4. --- Methodology --- p.24 / Chapter 4.1 --- The Model --- p.24 / Chapter 4.2 --- Variables Used --- p.27 / Chapter 4.3 --- Sources of Data --- p.29 / Chapter Chapter 5. --- Empirical Findings --- p.30 / Chapter Chapter 6. --- Implication --- p.33 / Chapter Chapter 7. --- Limitation --- p.35 / Chapter Chapter 8. --- Conclusion --- p.37 / Tables --- p.39 / Figures --- p.48 / Appendices --- p.50 / Bibliography --- p.64

by Tong See Wai. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 78-80). / Abstracts in English and Chinese. / Abstract --- p.i / Acknowledgements --- p.iii / Table of Contents --- p.iv / List of Tables --- p.vii / List of Figures --- p.viii / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Background and Data --- p.5 / Chapter 2.1 --- Linkage between Hong Kong's real estate market and stock market --- p.5 / Chapter 2.2 --- Review of Hong Kong mortgage lending policy --- p.6 / Chapter 2.3 --- Corporate Profiles --- p.7 / Chapter 2.3.1 --- Cheung Kong (Holdings) Limited --- p.7 / Chapter 2.3.2 --- Hang Lung Development Company Limited --- p.7 / Chapter 2.3.3 --- Henderson Land Development Company Limited --- p.8 / Chapter 2.3.4 --- New World Development Company Limited --- p.8 / Chapter 2.3.5 --- Sino Land Company Limited --- p.8 / Chapter 2.3.6 --- Sun Hung Kai Properties Limited --- p.9 / Chapter 2.3.7 --- Swire Pacific Limited --- p.9 / Chapter 2.4 --- Sources of Data --- p.10 / Chapter 3. --- Literature Review --- p.12 / Chapter 4. --- Methodology --- p.17 / Chapter 4.1 --- Nominal Rate of Capital Gain --- p.17 / Chapter 4.2 --- Internal Rate of Return --- p.19 / Chapter 5. --- Results --- p.25 / Chapter 5.1 --- Empirical Findings --- p.25 / Chapter 5.1.1 --- Results from Aggregate Data --- p.25 / Correlations of Returns --- p.26 / Average Rate of Capital Gain --- p.26 / Chapter 5.1.2 --- Results from Disaggregated Data --- p.27 / Graphs --- p.27 / Correlations of Returns --- p.28 / Property Developers --- p.28 / Housing Estates --- p.28 / Testing the Significance of Correlation --- p.29 / Cross Correlation Matrix on Stock --- p.30 / Regression --- p.30 / Average Returns on Housing and Stock --- p.31 / Unleverage --- p.31 / Leverage --- p.31 / Comparison of the Average Unleveraged Return with the Average Leveraged Return --- p.31 / Housing --- p.31 / Stock --- p.32 / Comparison of the Average Return calculated from Aggregate Data with that calculated from Disaggregated Data --- p.32 / Housing --- p.32 / Stock --- p.33 / Chapter 5.2 --- Discussion --- p.33 / Chapter 5.2.1 --- Correlation of Returns --- p.33 / Chapter 5.2.2 --- Average Return --- p.35 / Chapter 5.2.3 --- Hedging --- p.39 / Chapter 6. --- Conclusion --- p.40 / Tables --- p.41 / Figures --- p.58 / References --- p.78

by Lee Sui Hung, Yeung Ying Ying, Angel. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 108-109). / ABSTRACT --- p.iii / TABLE OF CONTENTS --- p.iv / LIST OF ILLUSTRATIONS --- p.viii / LIST OF TABLES --- p.ix / Chapter / Chapter I. --- Introduction --- p.1 / Summary --- p.1 / Methodology --- p.2 / Chapter II. --- OVERVIEW OF HK MANUFACTURING COMPANIES INVOLVED IN CHINA PROPERTY MARKET --- p.4 / Rationale shift of business focus --- p.4 / Opportunities to Access to China Property Market --- p.5 / Optimistic View on China Property Market --- p.5 / Strategic Considerations --- p.8 / Company Profile --- p.8 / Habour Ring International Holdings --- p.9 / Luks International Co. Ltd --- p.10 / Chuang's China Investment Ltd --- p.11 / Shell Electronic Manufacturing (Holdings) Co. Ltd --- p.11 / Immediate Responses in Capital Market --- p.12 / Downturn of Property Market in China --- p.13 / Chapter III. --- INVESTING IN CHINA PROPERTY MARKET --- p.16 / Demand Side --- p.16 / Domestic Demand --- p.16 / Individual property purchase --- p.17 / Population growth --- p.17 / Improvement of living standard --- p.17 / Overseas Demand --- p.18 / Relatives at homeland --- p.18 / Expatriate demand --- p.19 / Vacation and investment demand --- p.19 / Supply Side --- p.19 / Government --- p.19 / Welfare House --- p.20 / Squeezed profit house --- p.20 / Commodity Premise --- p.20 / Multi-level and high-rise residential properties --- p.20 / Hotel-flat and villa --- p.20 / Foreign Investment --- p.21 / Secondary Market --- p.21 / Key Successful Factors in China Property Market --- p.21 / Macro Environment and Market Sentiment --- p.22 / Monetary policies --- p.22 / Regulatory and taxation policies --- p.23 / Project Analysis: Demand Potential --- p.24 / Property location --- p.24 / Transportation --- p.25 / Hard and software availability --- p.25 / Domestic demand potential --- p.25 / Economic dependency and overseas demand --- p.27 / Project Planning and Operations --- p.27 / Scale --- p.27 / Time span and cash flow position --- p.28 / Pre-sales and Cash Flow Position --- p.28 / Marketing Strategies --- p.29 / Company --- p.29 / Credibility --- p.29 / Other Business Performance --- p.29 / Experience and Expertise --- p.29 / Management Attitude --- p.30 / Chapter IV. --- EXTERNAL ANALYSIS OF ASIA COMMERCIAL: THE IDENTIFICATION OF INDUSTRY OPPORTUNITIES AND THREATS --- p.31 / Company Background --- p.31 / External Analysis: The Identification of Industry Opportunities and Threats --- p.32 / The Role of the Macro-environment --- p.32 / Hong Kong --- p.33 / The PRC --- p.34 / The technological environment --- p.35 / The social environment --- p.35 / The Five Forces Model --- p.36 / Watch manufacturing industry --- p.39 / Potential competitors: strong --- p.39 / Rivalry among established companies - strong --- p.40 / Competitive structure --- p.40 / Demand conditions --- p.40 / Exit barriers --- p.41 / The bargaining power of buyers - strong --- p.42 / The bargaining power of suppliers - weak --- p.42 / The threat of substitute products - weak --- p.43 / Watch retail industry --- p.43 / Potential competitors ´ؤ weak --- p.43 / Cost advantages and economies of scale --- p.44 / Barriers to entry and competition --- p.44 / Rivalry among established companies ´ؤ semi strong --- p.44 / Competitive structure --- p.44 / Demand conditions --- p.44 / Exit barriers --- p.45 / The bargaining power of buyers - strong --- p.45 / The bargaining power of suppliers - weak --- p.45 / The threat of substitute products - weak --- p.46 / The PRC property market --- p.46 / Potential competitors - strong --- p.48 / Rivalry among established companies - strong --- p.48 / Competitive structure --- p.48 / Demand conditions --- p.49 / Exit barriers --- p.50 / The bargaining power of buyers - strong --- p.50 / The bargaining power of suppliers - weak --- p.50 / The threat of substitute products - strong --- p.50 / Summary --- p.51 / Chapter V. --- INTERNAL ANALYSIS OF ASIA COMMERCIAL: RESOURCES AND CAPABILITIES --- p.53 / Manufacturing --- p.55 / Physical --- p.55 / Switzerland --- p.55 / PRC --- p.55 / Hong Kong --- p.56 / Technological --- p.56 / Human --- p.56 / Brand Names --- p.56 / Marketing --- p.57 / Profitability --- p.57 / Summary --- p.60 / Production capability --- p.60 / Product market --- p.60 / Cost advantage --- p.61 / Management knowledge --- p.61 / Finance --- p.61 / Wholesale and Retail Business --- p.62 / Human --- p.62 / Government license --- p.63 / Finance --- p.63 / Macroenvironment --- p.63 / Brand Name Effect --- p.64 / Acquisition of Brand Name --- p.64 / Performance of Wholesale and Retail Business --- p.65 / Property Development --- p.66 / Macroenvironment --- p.66 / Demand --- p.66 / Location --- p.67 / Partners --- p.67 / Finance --- p.68 / Cost and Cash Flow --- p.68 / Property Sales Agent and Project Manager --- p.68 / Pre-sale Results --- p.69 / Financial Impact --- p.70 / Capital history --- p.73 / Share dilution --- p.73 / Reasons for Failure of Property Development --- p.74 / Demand --- p.74 / Property location --- p.74 / Domestic demand potential and overseas demand --- p.74 / Secondary property market and investment purpose --- p.75 / Project operation --- p.76 / Project scale? --- p.76 / Land concept of the management --- p.76 / Commitment by property expertise companies? --- p.77 / Easy access to finance? --- p.78 / Why Did Asia Commercial Fail? --- p.78 / Mismanagement --- p.78 / Management structure --- p.78 / Management was reluctant to change --- p.80 / Underestimated requirement of working capital and overestimated funding ability --- p.80 / Prior strategic commitments --- p.81 / Past glory obsessed future performance --- p.82 / Chapter VI. --- BUSINESS FOCUS --- p.83 / Differences between Businesses --- p.84 / Value Chain --- p.85 / Customers --- p.89 / Contacts with customers --- p.89 / Demand from customers --- p.90 / Competition --- p.92 / Mentalities and Talents --- p.95 / Strategies --- p.99 / Value-added Integration --- p.100 / Diversification --- p.102 / Changing Business Nature --- p.104 / Implications to Hong Kong Manufacturing Firms --- p.105 / BIBLOGRAPHY --- p.108

by Chan Ngai-Ming, Zoe, Chung Ting Ting. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 56-57). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- THE HONG KONG PRIMARY RESIDENTIAL INDUSTRY --- p.6 / Industry Overview --- p.6 / Developers for This Study --- p.6 / Chapter III. --- THEORETICAL FRAMEWORK --- p.8 / Competitor Analysis --- p.8 / Market Commonality Vs Product Commonality --- p.8 / Suggested Attributes for Studying Product Commonality in this Industry --- p.9 / Location --- p.9 / Time of Sale --- p.9 / Flat Size --- p.10 / Other Factors --- p.10 / Resource Similarity --- p.12 / Competitive Actions and Responses --- p.12 / Product Commonality and Competitive Response --- p.14 / Competitive Response and Performance --- p.17 / Chapter IV. --- METHODOLOGY --- p.19 / Data --- p.19 / Identification of Actions and Responses --- p.19 / Measurement --- p.21 / Product Commonality --- p.21 / Likelihood of Response to Price Change --- p.24 / Response Magnitude --- p.24 / Performance --- p.25 / Comparative Approach --- p.25 / Chapter V. --- RESULTS --- p.27 / Product Commonality and Likelihood of Response to Price Change --- p.27 / Response Magnitude and Performance --- p.30 / Chapter VI. --- CONCLUSION AND DISCUSSION --- p.34 / Implications --- p.34 / Limitation and Future Directions --- p.36 / APPENDIX I RECOMMENDATIONS FROM STUDY OF HONG KONG RESIDENTIAL MARKET BY THE CONSUMER COUNCIL IN 1996 --- p.41 / APPENDIX IIA SUMMARY OF 27 DATA UNDER STUDIED --- p.43 / APPENDIX IIB TIMELINES FOR 27 DATA UNDER STUDIED --- p.46 / APPENDIX III PRODUCT COMMONALITY BREAKDOWN --- p.52 / APPENDIX IV SUMMARY OF PRIMARY DATA --- p.54 / bibliography --- p.56

by Liu Shiang Ling. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 48). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- CHINA'S RENMINBI SYSTEM --- p.3 / Overview and Historical Development --- p.3 / 1953-1972 --- p.3 / 1973-1978 --- p.4 / 1979-1993 --- p.4 / 1994-1996 --- p.6 / The Exchange Rate Determination --- p.7 / Demand & Supply --- p.7 / The Balance of Payments --- p.8 / Inflation --- p.10 / Interest Rate --- p.10 / The Condition of Economic Development --- p.11 / Expectation --- p.11 / The Fiscal Policy --- p.12 / Forecasting Exchange Rate --- p.12 / Fundamental Analysis --- p.14 / Chapter III. --- CHINA'S PROPERTY MARKET --- p.15 / The History of China's Property Market --- p.15 / Pre-1949 --- p.15 / 1949-1979 --- p.15 / 1979-1991 --- p.16 / 1992-1996 --- p.18 / China's Real Estate Market Overview --- p.20 / Shanghai's Property Market --- p.21 / Risk Analysis --- p.22 / Return --- p.22 / Risks --- p.23 / Chapter IV. --- THEORETICAL ANALYSIS --- p.25 / Currency Conversion and Exchange Rate Risks --- p.25 / Hypothesis --- p.26 / The Short Run --- p.26 / The Long Run --- p.27 / Chapter V. --- RESEARCH METHODOLOGY AND FINDINGS --- p.29 / Targets of Study --- p.29 / Questionnaire --- p.29 / Chapter VI. --- ANALYSIS AND CONCLUSIONS --- p.30 / Primary Source Data --- p.30 / Secondary Source Data --- p.32 / Analysis --- p.34 / The Short Run --- p.34 / The Long Run --- p.35 / Political Conditions --- p.35 / Economic Conditions --- p.36 / Social Conditions --- p.37 / Market Conditions --- p.37 / Land Investment --- p.38 / Conclusion --- p.39 / Chapter VII. --- RECOMMENDATIONS AND ADVICE TO DEVELOPERS --- p.40 / The Depreciation of Renminbi --- p.40 / The Appreciation of Renminbi --- p.41 / The Chinese Government Policy --- p.42 / Long-Term Consideration --- p.43 / APPENDIX --- p.45