An elderly woman pushes a trolley with cardboard for recycling past a luxury designer boutique in Central in 2012. The Teresa Cheng scandal has once again drawn attention to the wealth gap in Hong Kong. Photo: EPA

Why do Hong Kong tycoons hold on to their wealth while Westerners give back so much?

Michael Chugani says the Teresa Cheng scandal has led him to question why Hong Kong’s ultra rich prefer to keep their wealth, unlike their counterparts in the West. A conversation with the city’s third-wealthiest man shows there are exceptions

Topic |   Philanthropy

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An elderly woman pushes a trolley with cardboard for recycling past a luxury designer boutique in Central in 2012. The Teresa Cheng scandal has once again drawn attention to the wealth gap in Hong Kong. Photo: EPA
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