Labels:text | newspaper | letter | screenshot OCR: BUSINESS & INDUSTRY ra Research Institute Hong Kong's Guoco in Hong Kong, refer- ring to companies Do Herty Banks Gro up, via its Dao Heng Bank, re presents such as Guoco Group SHENZHEN REPRESENTA a newbreed of more and Semi-Tech (Glo- aggressive bankers bal), two of the terri- who have provided tory's most exciting greater choice for players. consumers Reflecting Asia's massive building boom, 31 of the fast- est-growing compa- nies came from the construction industry or related least competitive industry But this convivial envi- sectors. Five of those were producers of cement, a ronment allowed the 10 financial-services compa- commodity so in demand in Asia that shortages nies on the Growth 88 list to record sales growth often have forced up development costs. of 144 per cent or more during the past three years. Manufacturing, the activity for which Asia has Several aggre- become famous, accounted for another 18 compa- ssive institutions nies, 11 of them from the electronics sector and have carved nich- four from textiles. These are the fleet-footed ex- es in this heavily porters that have capitalised on Asia's abundant regulated sector. supply of cheap labour, often causing huge prob- But while Korea lems for less-flexible Western makers. Long Term Credit Banking, often protected by governments and Bank and Tai- nourished by cosy cartels, remains perhaps Asia's wan's HsinChu
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