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Rebuked By Beijing, Billionaire Li Ka-shing Expresses Regret Over Hong Kong Protest Comments
Forbes ^ | Sep 13, 2019, 07:36am | Isabel Togoh

Posted on 09/14/2019 4:24:06 AM PDT by Zhang Fei

Topline: Billionaire Li Ka-shing says he regretted that his comments on the Hong Kong protests had been misrepresented after facing harsh criticism from a Chinese government agency on social media and in China’s state-owned media. Hong Kong’s richest man had reportedly appealed to the city’s government to offer an “olive branch” to the pro-democracy movement in a bid to end the five-month long political crisis.

Li Ka-shing issued a statement on Friday via his foundation after China’s Central Political and Legal Affairs Commission reportedly accused him of “harboring criminals” in a Weibo post.

The criticism was echoed in the People’s Daily newspaper, which called for Hong Kong’s government to seize land from wealthy property developers to tackle the city’s housing shortage and sky-high property prices.

Li condemned the use of violence and breaking the law in his statement on Friday, after recordings of a speech at a Buddhist monastery on September 8 were shared online. In the speech, Li had appealed to Hong Kong’s government to offer a way out to young protesters, whom he called “masters of our future.”

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: china; hongkong; isabeltogoh; kag; likashing; maga; trump
Hong Kong's richest man asks Beijing to offer an olive branch to the protestors. Xi Jinping, through his mouthpiece, Beijing's People's Daily, responds by threatening to seize his property in Hong Kong. Li has been slowly moving his assets out of China. He might be thinking about moving not just his assets, but his family out of Hong Kong, as well. The rapacious Chinese state will not shrink from seizing his assets the way it has seized the assets of any number of Chinese tycoons on trumped up charges of corruption or treason.
1 posted on 09/14/2019 4:24:06 AM PDT by Zhang Fei
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To: Zhang Fei

This gives a clear window as to what is about to happen next if those in Hong Kong don’t get off the streets and go back home. Oh boy....


2 posted on 09/14/2019 4:28:45 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Zhang Fei
The rapacious Chinese state will not shrink from seizing his assets the way it has seized the assets of any number of Chinese tycoons on trumped up charges of corruption or treason.

This is the Achilles heel of China. Without the rule of law, and protection of property rights, it is difficult to maintain a modern state.

The Chinese Communist Party was founded on the idea that "Property is Theft", and only the State is allowed to own property.

3 posted on 09/14/2019 4:33:31 AM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: Zhang Fei

The criticism was echoed in the People’s Daily newspaper, which called for Hong Kong’s government to seize land from wealthy property developers to tackle the city’s housing shortage and sky-high property prices.

...

The Chicoms would be right at home at a DNC presidential debate.


4 posted on 09/14/2019 4:41:24 AM PDT by Moonman62 (Charity comes from wealth.)
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To: Moonman62

Totally correct. The Dem Party became the ComDem Party in 1984. That was the last year that the CPUSA ran a presidential candidate, and ever since they have endorsed the ComDem (merged) Party. I can show you proof that now they try to hide the CPUSA endorsement of the Dem candidates. And that a number of well known Democrats have received “special” awards from the CPUSA. (in person)


5 posted on 09/14/2019 4:48:06 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: Zhang Fei

This is like telling the truth about Putin while in Russia...


6 posted on 09/14/2019 4:50:14 AM PDT by rrrod
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To: Zhang Fei

“Nice little business you got there ... be a shame if anything happened to it ...”


7 posted on 09/14/2019 4:53:41 AM PDT by Tax-chick (One of the chief causes of premature death is fretting about your health.)
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To: Zhang Fei

Li Ka Ching-Ka Ching,” a “Free Hong Kong “ capitalist billionaire is brought to heel by the Red Chinese Communist government.

Make no mistake about it, the commies will tolerate capitalist Chinese citizens only so long as it serves their purposes to do so.Once the usefulness of such billionaires is over, they will disappear into the many re-education camps run my the ChiComs.

Most of these billionaires are involved with aiding the ChiComs to steal western intellectual property. Once that is no longer needed, the billionaires will be relegated to peasantry and working rice farms in the ChiCom gulags.


8 posted on 09/14/2019 4:54:14 AM PDT by Candor7 ((Obama Fascism)http://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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To: Zhang Fei

Just like any liberals. Obey our group think or we cut you out of our group.
I noticed this as a young college student about liberals decades ago.


9 posted on 09/14/2019 4:57:06 AM PDT by HereInTheHeartland (I have no incriminating evidence on the Clintons)
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To: HereInTheHeartland

Among his other assets is Husky Oil, with refineries in Canada and the US.
Maybe he should get out now, while he has the opportunity.


10 posted on 09/14/2019 5:03:20 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: Zhang Fei

The Rats in this country are sooo jealous of the absolute power that the Chicoms weild. But they’re like termites in the timbers. They’re workin on it.


11 posted on 09/14/2019 5:38:44 AM PDT by HighSierra5
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To: Tax-chick

Funny thing is, mafia types ain’t got squat on the Chi-Coms - Chi-Coms would just roll the army on them, they don’t like competition.


12 posted on 09/14/2019 7:01:38 AM PDT by Spacetrucker (George Washington didn't use his freedom of speech to defeat the British - HE SHOT THEM .. WITH GUNS)
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To: Spacetrucker

It looks like they’ve decided not to squash Hong Kong like a bug ... for now.


13 posted on 09/14/2019 7:07:15 AM PDT by Tax-chick (One of the chief causes of premature death is fretting about your health.)
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To: Zhang Fei

All China needs to do so they can do whatever they want is to “help” a DemoncRat get Elected POTUS.

Can you imagine them watching the ten Rats on the Debate Stage the other night? They probably didn’t know whether to laugh or cry at their good fortune.


14 posted on 09/14/2019 7:14:11 AM PDT by Kickass Conservative (Democracy, two Wolves and one Sheep deciding what's for Dinner.)
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To: Zhang Fei

The Communist newspaper called for Hong Kong’s government to seize land from wealthy property developers to tackle the city’s housing shortage and sky-high property prices.

Sounds like the current crop of Democrat Party pinkos.


15 posted on 09/14/2019 7:23:20 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
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To: Zhang Fei

imagine that - your property and rights dependent on the whims of politicians and always subject to political review by statists and collectivists.

Sounds like where the USA is heading.


16 posted on 09/14/2019 7:51:00 AM PDT by PGR88
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To: PGR88

Heading??? We’re already in the parking lot, looking for a space!/s


17 posted on 09/14/2019 10:21:13 AM PDT by Frank_2001
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To: Moonman62

I just heard the song “Glory to Hong Kong” Powerful song that speaks of freedom. These brave people sing such a song in the face of a brutal government. Reading the English Translation brought tears to my eyes. China must snuff out this movement or it may well spread all over China. Listen to it—it must be like the marsailles was in the French Revolution. I weep for the brave people of Hong Kong


18 posted on 09/14/2019 11:12:24 AM PDT by Forward the Light Brigade (Into the Jaws of H*ll Onward! Ride to the sound ovil.f the guns!)
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To: Forward the Light Brigade

China must snuff out this movement or it may well spread all over China.

...

I’ve been thinking about Hong Kong and Taiwan displacing the Chicoms.

With Trump as president applying indirect pressure, it’s got a chance.


19 posted on 09/14/2019 12:09:07 PM PDT by Moonman62 (Charity comes from wealth.)
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To: PGR88

[imagine that - your property and rights dependent on the whims of politicians and always subject to political review by statists and collectivists.

Sounds like where the USA is heading.]


Sun Yat-sen’s revolution was funded by a combo of overseas Chinese businessmen, Western philanthropists and various foreign financiers. If Li is able to completely divest his Chinese and Hong Kong interests (difficult, given how illiquid they are, and the ease with which the Chinese government can pressure buyers to not purchase from him), he could become a super-sized version of the individual Chinese businessmen who funded Sun Yat-sen, with little fear of financial repercussions from the Party.

http://sunyatsenhawaii.org/2008/09/02/financing-revolution-sun-yat-sen-and-the-overthrow-of-the-ching-dynasty/


20 posted on 09/14/2019 1:51:30 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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