Wednesday, 3 June 2015

Money Talks for Tycoons

Li Ka-shing hints the economy will go sour if political reform not approved
As expected, Hong Kong's tycoons have spoken out in favour of political reform.

In the last few days, four of them have voiced their opinion, including Li Ka-shing.

Today at Cheung Kong Centre in Central, the 86-year-old Li said if the package is not voted through, it would be an "unwilling and inestimable loss" for all Hong Kong people, including him, and that it "will hit" the city's economy.

Lee Shau-kee sweetens deal with HK$1 billion donation
However at the same time he said it would not affect his company's investment in Hong Kong, saying, "The two are not related."

He said: "Pan-democrats are people with ideals, but they should also know that they are elected by voters, and many people want the political reform [package] to be approved. What good would be a disapproval bring, what benefit is there for Hong Kong?

"There are many capable, wise people among the pan-democrats. They should sit down for the sake of Hong Kong's well-being and think about what to do," he urged.

Excuse me Mr Li, but there are many people the pan-democrats represent who do not want the political reform package to be approved. They do not want to participate in a fixed race. You may like the candidates because they suit your political alignments, but not us.

Peter Woo calls for lawmakers to use "public wisdom"
Then yesterday Henderson Land Development chairman Lee Shau-kee, 86, said Hong Kong's Hang Seng Index could surpass 30,000 points if the reform package was given the green light, and added he would sweeten the deal with a HK$1 billion donation to charity.

Translation: If you support the political reform proposal, you will make us tycoons even richer so I'll donate some money to you poor little things.

Former Wharf chairman Peter Woo Kwong-ching issued a strongly worded statement calling on "non-radical lawmakers to "stand on the side of public wisdom" and support the government proposal.

What public wisdom? How is a fixed race good for Hong Kong?

And then K Wah Group chairman Lui Che-woo penned an article, saying social conflicts had weakened Hong Kong's competitiveness, and that different sectors should seek a win-win solution on political reform.

Lui Che-woo says social conflicts affect HK's competitiveness
Mr Lui, perhaps you would like to sort out the city's social conflicts for the government, because it doesn't seem to care. We all want a win-win solution on political reform but at the moment it's all one-sided. Perhaps you can contact Beijing for us and tell them to negotiate with the pan-democrats in good faith?

Through their words it's obvious the tycoons are only interested in the economic impact of the political reform package, not how this will affect Hong Kong and its people in the long term.

They are just towing the Party line and hoping that by repeating the mantra of passing political reform, that it will eventually happen.

Meanwhile the media asked Li if he would mourn the Tiananmen Square crackdown tomorrow, and Li said the incident was "very regrettable".

Talk about downplaying one of the darkest events in modern Chinese history...

1 comment:

  1. Sadly, people of Hong Kong will continue to be sheep happily trading their freedom for economic security...there will be a day when people in HK get promoted not by their performance, but by how friendly to the Communist party official in their company/department...