Quote:
Originally Posted by Traum
I'm sure we've covered this topic before -- while there are similarities between the Cantonese HK folks from the 90's and the Mainland China folks that we get now, there are also significant differences as well. The 2 things that stand out the most are:
1) the relatively manageable number of Cantonese HK immigrants vs the overwhelming number of Mainland Chinese immigrants
2) the upper middle class wealth from the Cantonese HK immigrants vs the opulent super rich Mainland Chinese immigrants
Try as they might, the HK folks from the 90's could only shift and influence the markets a bit. The current Mainland Chinese folks, on the other hand, are completely re-defining the market landscape.
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Back in those days, those guys drove around in BMW 328's and C280's. And a few M3's.
Today, it's Lambos, Ferarri's, and other super high end super cars with their N's on the back.