Buy M for madness till the music stops

By:
Chris Leahy
Published on:

Hong Kong investors' addiction to the fast buck has often landed them in trouble. The latest preoccupation, the M share, entails feverish punting in listed stocks that are themselves punting on neighbouring territory Macau's gambling industry. As a clever few rapidly enrich themselves at the expense of the gullible masses, the inevitable result looms. Chris Leahy reports.