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Hong Kong tycoon Li Ka-shing urges love in response to growing protests
HONG KONG - Hong Kong's richest man, Li Ka-shing, urged people to "love China, love Hong Kong and love yourself" on Friday in his first public comments on the escalating pro-democracy protests that have disrupted the city for weeks and challenged China.
Li's message in front-page advertisements in major newspapers in the Asian financial hub urged the public to "cease the anger with love" and "stop the violence". The advertisements were signed "a Hong Kong citizen Li Ka-shing".
Ten weeks of confrontations between police and protesters have plunged Hong Kong into its worst crisis since it reverted from British to Chinese rule in 1997, and have presented the biggest popular challenge to Chinese President Xi Jingping since he came to power in 2012.
China has likened the increasingly violent protests to terrorism and warned it could use force to quell them, as U.S. President Donald Trump urged Xi meet protesters to defuse the tension.
More mass demonstrations are expected through the weekend. Police tactics against protesters have been hardening and Li, 91, warned that "the best cause can lead to the worst results".
More than 700 people have been arrested since the protests began in June, and tear gas has frequently been used by police in attempts to disperse protests across the city.
A rally called "Stand with Hong Kong, Power to the People" is planned in the central business district on Friday night. That event has permission from authorities but police have banned other protests planned for the weekend.
A march planned for Sunday by the Civil Human Rights Front, which organised the million-strong marches in June, has only been allowed an assembly in Victoria Park on Hong Kong island because of safety concerns.
The group is appealing against the police decision.
Another march planned in Kowloon's Hung Hom district on Saturday has also been banned.
'UNINTENDED CONSEQUENCES'
Li, who formerly chaired CK Hutchison Holdings <0001.HK>, did not make any reference to supporting the government or its embattled leader Carrie Lam in the advertisements, which encouraged freedom, tolerance and the rule of law.
However, a statement issued later by a spokesman quoted Li as saying "the road to Hell is often paved with good intentions. We need to be mindful of unintended consequences".
He said it was important to invest in the younger generation to bear fruit for the future and for Hong Kong.
"The young always fear the future has nothing to do with them," Li's statement said. "I think the government heard the messages from the protesters loud and clear and is diligently racking their brains now for solutions."
Many businesses, including other major property developers, have publicly backed Lam's administration and the city's police force.
Research firm Capital Economics warned on Thursday the protests could push Hong Kong into a recession, with a risk of capital flight. Hong Kong's property market, one of the world's most expensive, would be particularly hard hit, it said.
Lam sought in a Facebook post late on Thursday to clear up what she said was a misunderstanding about parts of a speech last week.
She had referred to protesters as having no stake in Hong Kong's society in comments that provoked a backlash and fuelled further unrest. However, Lam said she meant to say "we all have a stake in Hong Kong".
- Reuters
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Discussions
Be the first to like this. Showing 14 of 14 comments
Extreme measure will invite western countries' intervention. It could into a big snowball.
2019-08-16 14:08
Hari Khatmat is near.......world deficit of love
......too intoxicated with greed.......power crazy.....bawah tempurung mindset
2019-08-16 14:12
Hong Kong protests could threaten city’s status as an international shipping hub, analysts say.
While Beijing has never spoken publicly about the economic consequences
of the escalating protests over the past two months, a widely shared view within China is that the central government should reduce its reliance on Hong Kong as its key financial and logistics gateway to the rest of the world.
This could result in mainland ports having greater autonomy in managing the shipment of goods into and out of China, analysts said.
China this month upgraded and expanded
a free-trade zone in Shanghai, which covers an area about the Hong Kong Island and Kowloon combined, with the ambitious goal of becoming “China’s bridgehead integrating into a globalised economy by 2035”.
Dr Collin Wong Wai-hung, associate dean of the School of Decision Sciences at the Hang Seng University of Hong Kong, estimated Hong Kong could lose all transshipment rights in the non-Pearl River Delta region, which could translate into a loss of 2.4 million container twenty food-equivalent units (TEU) – a measurement of standard container sizes. Should China fully relax cabotage rules in other parts, this could dent Hong Kong’s annual container throughput (the cargo passing through the port) by 14 per cent. (SCMP)
2019-08-16 14:18
Conclusion: Hong Kong is a dead meat. No matter what the outcome is, this protest is not good for Hong Kong and its people.
2019-08-16 14:27
Posted by laychee > Aug 16, 2019 2:08 PM | Report Abuse
Extreme measure will invite western countries' intervention. It could into a big snowball.
It is within the Basic Law that PRC can move in at the request of HK government. Of course, if the inevitable comes.
Macao government have made such request after the flooding caused by Typhoon Mangkhut to assist in the clean up.
2019-08-16 14:54
Signs of Khatmat Day is near: PARADOX OF LIFE
Being part of majority subcommunity, instead of feeling reassuringly secured, insanely feels constantly being threatened by the minority....
The ones have got hold of power, instead of pushing for more equitable progressive agenda , craze for more power
2019-08-16 17:40
Ah it's all only because their profit is affected. If not they keep staying quiet
2019-08-16 18:52
All the billionaires tycoons who make fortune in HKG should be the party who intervene.....Over-capitalist causing social unrest and , wealth inequality Society
Why the wealth gap? Hong Kong’s disparity between rich and poor is greatest in 45 years, so what can be done?
A HK$690 billion budget surplus and expanding economy, but a growing divide between the haves and have-nots. Why is Hong Kong so unequal, and what are the solutions? Our nation also same similar problem...all the rich, powerful elites getting rich but poor citizens getting poorer. Then, we use ZAKAR NAIK as distraction of real issue. wakaka
2019-08-16 20:32
This is the legacy of British rule, namely unbridled capitalism. Total free market. Making a fortune during those times are never easy. Wealth inequality is great simply because the British cares only abt their own colonial interest not "Golden Rule". Yet, the protesters are worshiping the British like gods.
Just look at KL. A decade ago,in response to complaints abt developers building expensive condos to cater for foreigners, Hishamuddin replied "this is free enterprise" and that the government cannot intervene.
2019-08-16 22:49
it's actually very simple, any HK resident who wants a good life have to leave HK and live in China.....
2019-08-17 02:09
Same prophecy I have for those with first class mentality in degrading msia.....
.........have to emigrate to a new federation....imminent lion of asia......once being formed.......consist of 3 S's (saba, sara, sing)
immediately turn sing dollars the strongest currency in the world...exceed tgat of aussie
easily maintain at no.1 spot as happiest nation in the world for the next 10 years
getting into world guinness record for a country with most variety of popular food......bak kut teh.....chee cheong fun......Manok Pansoh, tuak.....
2019-08-17 05:43
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laychee
Most of the HK problems came from expensive housing. LKS made a lots of money from property developments.
2019-08-16 13:21