Hong Kong Credit Insight 9: Feng Shui and Credit

You have heard that “Feng Shui” is a serious topic in the Chinese culture. Ever wonder this is superstition or science? How did the banks in Hong Kong practice Feng Shui?

“Feng Shui” is a Chinese philosophical system of harmonizing everyone with the surrounding environment. The term Feng Shui literally translates as "wind-water" in English. Apart from any mystical implications, Feng Shui may be simply understood as a traditional test of architectural goodness using a collection of metaphors.

Feng Shui is so important to some strong believers, that they use it for healing purposes in addition to guide their businesses and create a peaceful atmosphere in their homes. In 2005, even Disney acknowledged Feng Shui as an important part of Chinese culture by shifting the main gate to Hong Kong Disneyland by twelve degrees in their building plans.

Feng Shui is not just a personal topic, it is a deep believe among Chinese business people. In the old days, Feng Shui is often linked to a trading partner's credit. If your company is viewed as practicing good Feng Shui, then more credit is granted to your company.

​Want to know how the banks in Hong Kong adopted Feng Shui? Refer to this article in The New York Times:
http://www.nytimes.com/fodors/top/features/travel/destinations/asia/china/hongkong/fdrs_feat_74_10.html?n=Top%2FFeatures%2FTravel%2FDestinations%2FAsia%2FChina%2FHong+Kong

More about Feng Shui from an article from Wall Street Journal titled “Corporate Feng Shui: The Good and Bad”:
http://blogs.wsj.com/hong-kong/2010/12/14/corporate-feng-shui-the-good-and-bad/

This Credit Insight is an extract from the book Happy Customers Faster Cash, Hong Kong Edition and on sale at Amazon.

A guide to effective communication in financial Customer Relationship Management with a focus on compliance and credit management for Hong Kong companies. A chapter is dedicated to discussing various aspects of Hong Kong company credit reports.
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