A leading member of one of Hong Kong's most famous families says the city is becoming ungovernable owing to greed and government-business collusion and that it's an open question whether the new administration will make a difference.
In an exclusive interview with the South China Morning Post, Robert Ho Hung-ngai, a grandson of the compradore tycoon Robert Hotung, said recent allegations of corruption in high office have fuelled anti-wealth sentiment in society at large.
'But one should differentiate between wealth and greed. Wealth itself is a good thing, but greed is not,' said the Vancouver-based philanthropist, who turns 80 this year.
'What our society is against is not wealth but greed, especially greed among the wealthy.
'With collusion between those in high government office and big businesses, how can one govern a society?'
As to whether the new administration under Leung Chun-ying will bring a change, Ho said there is always hope.