Monday, 28 November 2016

Tycoon Gives his Two Cents...

Chen rants about localists from his wood-carved throne...
A Shenzhen-based tycoon who chairs the Harmony Club, has urged the Hong Kong government to stop pro-independence localists from damaging the business environment.

Chen Hongtian says he was concerned about the city's political development and was even considering diverting his investments elsewhere.

"Anyone who has a clear mind knows they are causing damage and messing around. They don't want Hong Kong to be good," he said.

Pony Ma of Tencent is a member of the Harmony Club
Ok -- wait right there -- we all want Hong Kong to be good. In what way, that is the question, but we all want the city to be strong economically, politically and socially, but it is the government and its policies and actions that has resulted in the polarization we are experiencing now.

Chen claims his club represents 140 mainland and local tycoons including Tencent chairman and CEO Pony Ma Huateng, Lee Yin-yee, founder of Xinyi Glass Holdings, and Wong Kwong-miu, founder of Centralcon Group.

Eighty percent of them have permanent residency in Hong Kong and have business assets totalling HK$1.68 trillion according to Shenzhen media. Chan himself made headlines when he bought a house in June at 15 Gough Hill Road on the Peak for HK$2.1 billion.

Referring to now barred localists Yau Wai-ching and Sixtus Baggio Leung Chung-hang, Chen says: "I think the Hong Kong government should be firmer in upholding the Basic Law. Such people should not be allowed in the establishment," he said.

Chen's latest acquisition on 15 Gough Hill Road, on the Peak
Uh, they don't want to be the establishment. Perhaps they would like to disrupt the establishment, but actually they have indirectly thanks to Beijing intervening and the Hong Kong government taking them to court.

But it gets better.

"You would be penalized if you said anything against the queen during her rule. Now you talk about the whole country and want to become a legislator? Tell [the two localists] to get out of Hong Kong. I think the Hong Kong government can be even tougher and firmer," Chen says.

Why would the government throw them out of Hong Kong? They were born here. It's laughable that he would even suggest such a thing. A statement like that demonstrates his complete disregard for how rule of law works in the city.

He seems to think money from tycoons like himself rule the city, but maybe that was back in the 80s and early 90s. Thanks to tycoons like him, housing prices have gone up so much that people can barely afford 400 square-foot flats that they would have to mortgage for 30 years because their salaries are so depressed there aren't opportunities to make more money.

Those who voted for Yau and Leung wanted change in the city
As a result, many Hong Kong people have long given up the rat race and are becoming more politically active in the hopes they can make a better future for their children through the ballot box. That's why a record 2.2 million people voted on September 4.

So Mr Chen, this is how Hong Kong works. Yes, Leung and Yau were immature in what they did, but we should not discount that tens of thousands of people voted for them because they believed in what they stand for. This fact cannot be neglected, along with the other localists who were elected into the Legislative Council.

It's interesting that Chen is willing to be so outspoken about this, as if trying to agitate the masses to agree with him. But really tycoons here are the 1 percent, if that. What about the rest of us?


  1. The greatest irony of it all is that that tycoon's country is supposedly Communist. With tycoons like him, I'd love to see a(nother) uprising/revolution against the out of touch rich!

    1. Yeah... the "one percent" occupy movement just kind of died! He's playing both sides to his advantage...

  2. Chen Hongtian is a typical big business man who is full of shit. He will retain his investments in HK as long has he can earn a profit, once that stops, he will disappear. And if he senses that coming back here will help him earn more profit, he will return immediately. He cares not an ounce about the people of HK. For him it is simply all about money. First, last and always.

    Lantau Lad

  3. This comment has been removed by a blog administrator.

  4. removing comments "by blog administrator" is actually pretty despicable. Or maybe funny. What happened to "freedom of speech", blah blah...?

    1. HI Anonymous -- are you upset your comment was deleted because you didn't get your wumao?

  5. to be clearer: stupid bitch... YUK!

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