"Li, the 85-year-old chairman of Hong Kong-based Cheung Kong Holdings Ltd. (1) and Hutchison Whampoa Ltd. (13), said the Shanghai free trade zone “will affect Hong Kong heavily,” RTHK reported on its website, citing comments Li made at a briefing yesterday." In my opinion, Hong Kong should have moved away from its traditional strategy a long time ago and focused less on the four pillar industries "financial services, trading and logistics, tourism, and professional and producer services" and instead focus more on high tech, creative industries, and other innovative fields which would have to be accompanied by higher salaries, lower working hours and would naturally come at the expense of the traditional industries in which Li Ka-shing holds too much control.
Posted on: Wed, 18 Sep 2013 01:53:53 +0000
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