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Showing posts with the label Richard Li

The Hong Kong Dream

Mr Li says he is growing increasingly uneasy about the widening gap between rich and poor in Hong Kong.
According to a recent Gini co-efficient - a measure that gauges the divide between rich and poor - the gap between the haves and have nots in Hong Kong is the widest in the world. Mr Li says the divide has the potential to hit Hong Kong's competitiveness and social stability.
"If achieving the Hong Kong dream becomes a vanishing hope, then our society will suffer. What would the Hong Kong dream be? It's no different from the American dream whereby an everyday man on the street who works hard, would be able to make good savings and use those savings as equity for their future small business,"he explains.

Mr Li is the younger son of Li ka-Shing, Asia's wealthiest man and started by building a media empire with a multi-million dollar investment from his father. His father indirectly bailed him out of a tangled financial transaction involving attempts to sell his sta…