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E-raamat: Tradition and Transformation in a Chinese Family Business

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Family businesses have been an important part of the economy in Hong Kong, Taiwan, Singapore and in the Chinese diaspora, and, since the reforms, in mainland China itself. Some people have argued that the success of Chinese family businesses occurs because of the special characteristics and approach of such businesses. This book examines the nature of Chinese family business and the key issues involved by exploring in detail the case of a leading Hong Kong jewellery company, Tse Sui Luen Jewellery (TSL), which was established by Tse Sui Luen in the 1960s and which has grown to become one of the biggest jewellery manufacturers, exporters and retailers in post-war Hong Kong. The book considers the motivations of Chinese people to set up their own businesses, outlining the strategies adopted, including the strategies for raising capital, and the qualities of successful Chinese entrepreneurs. It discusses the management of the company, including relations between family members, profit sharing and succession planning, and assesses how conflict and crises are coped with and overcome. It charts the evolution of Chinese family businesses, looking at how they have been modernised and in many cases transformed into listed corporations, discussing how for this is necessary and desirable. The book concludes by discussing how Chinese family business are likely to evolve in the future.

List of illustration
ix
Acknowledgements x
Notes xi
PART I
1(132)
1 Introduction
3(23)
2 Politics, economy, and society of post-war Hong Kong
26(22)
3 A life history of Fong
48(24)
4 To produce or to die: the development of Fong's manufacturing business
72(19)
5 Beyond manufacturing: the development of Fong's showroom business
91(19)
6 From a manufacturer to a brand: the development of Fong's retail business
110(23)
PART II
133(102)
7 Jan cing mei management
135(22)
8 The crises
157(22)
9 The transformers and the transformation
179(22)
10 The eternal return of the Chinese boss
201(28)
11 Conclusion
229(6)
References 235(7)
Glossary 242(2)
Index 244
Heung Wah Wong is Associate Professor in the School of Modern Languages and Cultures at the University of Hong Kong. Karin Ling-Fung Chau is a MPhil/PhD student in the Department of Culture, Media and Creative Industries at King's College London.