Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Saturday, Apr 20, 2024

Property tycoons turn down invitation to Beijing’s National Day celebration

Property tycoons turn down invitation to Beijing’s National Day celebration

Li Ka-shing recently angered Beijing when he appealed for Hong Kong government to ‘provide a way out’ for protesters, which was seen as condoning crime.
Property tycoons Li Ka-shing and Peter Woo Kwong-ching were invited to join a delegation to Beijing for the National Day celebrations but are not going because of private reasons, sources have told the Post. The invitations had come before recent controversies over both men’s stances on the anti-government protests in Hong Kong. The delegation, led by Chief Executive Carrie Lam Cheng Yuet-ngor, departed for a three-day trip to the capital on Monday morning to celebrate the 70th anniversary of the founding of the People’s Republic of China. A source familiar with the arrangement said Li, senior adviser of CK Hutchison Holdings and CK Asset Holdings, was invited by the Hong Kong government a few months ago. The 91-year-old billionaire decided not to go north, citing his age. However, his elder son Victor Li Tzar-kuoi, chairman of both companies, was in Beijing attending the celebrations, according to CK Asset Holdings. A separate source said Wharf Holdings ex-chairman Woo was also invited to join the delegation, but he chose not to go because of private reasons. As for other tycoons, Lee Shau-kee, founder of Henderson Land Development, was not on the guest list. A spokeswoman said he was not invited, but his elder son and co-chairman of Henderson would joining a separate delegation organised by the Chinese People’s Political Consultative Conference for celebrations in Beijing. For the 60th anniversary, in 2009, Li senior, Lee, Cheng Yu-tung, late chairman of New World Development and Macau casino tycoon Stanley Ho Hung-sun did not join the delegation. At the time it was understood some tycoons felt it would be tiring to stand for the whole morning. The delegation comprises more than 240 people including senior officials, award-winning athletes, professionals, university heads, executive councillors and other lawmakers. No pan-democrats were invited to join the official trip, the first snub for the bloc since 2004, when the central government sought reconciliation with its members. The last similar event was in 2009, while in 2014, it was cancelled because of the 79-day Occupy movement. Li Ka-shing recently ruffled Beijing’s feathers when he appealed for Hong Kong’s government to “provide a way out” for protesters. Two weeks ago, on its official WeChat account, Beijing’s political and legal affairs commission seized upon the phrase, saying leniency for those who broke the law was “nothing more than condoning a crime”. As for Woo, his family business, Harbour City in Tsim Sha Tsui, was slammed by state-run newspaper Global Times editor Hu Xijin in August for “kowtowing” to protesters by banning police from entering the premises unless a crime was committed. Referring to the notices put up by mall owner Wharf Real Estate Investment, Hu asked in an article posted on Weibo: “Are you trying to turn Harbour City into a lawless land that is subject to the will of the rioters?” Property developers have become a target of state media, which accused them of hoarding land over the years and contributing to the problem of unaffordable housing in Hong Kong. The media claimed the housing crisis was a “root cause” of the anti-government protests. Adrian Cheng, New World Development’s executive vice-chairman and grandson of the group’s late founder, Cheng Yu-tung, joined the delegation. Members of the Hong Kong delegation attended a National Day reception at the Great Hall of the People on Monday night and are expected to watch the military parade in Beijing on Tuesday morning. They will watch a variety show in the evening and tour an exhibition featuring China’s achievements in the past 70 years on Wednesday morning before flying back to Hong Kong.
Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×