 He redoubled efforts to increase trade with China (which had only invited the company back into China in 1979) and resumed investments in Hong Kong-based enterprises.However, due to the lack of expertise in these enterprises and lost money in almost every venture.During the 1970s British companies in Hong Kong such as Jardine Matheson, Swire Group, Hutchison Whampoa, and Wheelock & Co, were consistently outperformed by rising local, ethnically Chinese hongs.