Jardine Matheson, giant of Hong Kong commerce, charts new course as investor
The storied Anglo-Asian conglomerate was founded as an opium trader in 1832 and famous as an inspiration for James Clavell’s novels. The shift marks a new incarnation.
Hong Kong-based Jardine Matheson is known for its distinctive culture, shaped by the influence of the Keswick family over many years.
The company once called the “most remarkable firm of traders to be involved in the opening up of China” is stepping back from day-to-day business after Jardine Matheson declared it would be an “engaged long-term investor” and not an owner-operator of assets.
The company was founded as an opium trader in 1832 and famous as an inspiration for James Clavell’s novelsTai Pan and Noble House, and the shift marks a new incarnation for the storied Anglo-Asian conglomerate – and a focus on higher returns for shareholders.
