Li Ka-shing

Tang's right about me, Li Ka-shing says

PUBLISHED : Friday, 05 August, 2011, 12:00am
UPDATED : Friday, 05 August, 2011, 12:00am


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Billionaire Li Ka-shing yesterday hailed as 'good advice' a remark by Chief Secretary Henry Tang Ying-yen that young people should stop complaining and ask themselves why they could not be as successful as Li.

'I think what Mr Tang said was correct. He said so because he loves Hong Kong and loves the young people,' Li said.

Tang was criticised for the remark, which he made in an interview with the South China Morning Post in May. Li was reported to have been annoyed at being dragged into the controversy.

Li cited a speech he gave in June at Shantou University in Guangdong in which he said: 'If one can learn from others' experience, it will be conducive to one's personal growth.'

The usually careful businessman was quick to say that he did not mean to show support to any of the 'likely candidates' in next year's chief executive election. 'Whatever I say, it will not be fair to [any of the candidates],' he said.

Still, the Cheung Kong (Holdings) chief shared some of his insights into what makes a good leader. 'He or she must win the trust of the Hong Kong people, and win the trust of the country. He or she must be pragmatic and know how to do real work. It is no use being able to talk only.'

He would also like the next leader to formulate policies with care. 'It took a long time to make Hong Kong so successful but one [bad] policy could take all that away,' Li, 83, said.

He did not say what policies would be good or bad for Hong Kong.

Li was long held up by people in Hong Kong as an icon of success but is one of several property tycoons to have been criticised recently by young activists for their excessive dominance of the city's economy.