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PHILIP TOSE & FRANCIS LEUNGPartners, Peregrine Securities'We are acting as the financial bridge between China and the rest of the world,'' says Francis P.T. Leung, 43. A bold assertion, but not far from the truth. Leung is group managing director of Hong Kong's Peregrine Investments Holdings Ltd., the largest and most profitable investment bank in Asia. Peregrine's greatest strength is underwriting Hong Kong and Chinese corporate companies and bringing them to the international capital markets. The firm marries an insider's knowledge of Asia with Western-style expertise in capital markets and distribution systems. Peregrine played a key role in developing Asian bond markets. These days, Leung, a Hong Kong Chinese, and Philip L. Tose, 51, an upperclass Englishman, may no longer be an odd couple. And they plan to double their capital base to keep ahead of the big U.S. firms. Down the road, Leung's boast could well become reality.
By Mark L. Clifford in Hong Kong
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Updated Oct. 16, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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