Tycoon Michael Kadoorie says he has ‘full faith’ in Hong Kong’s youth, and city will ‘thrive and thrive’
Kadoorie, 76, whose family owns controlling stake in major power supplier, says city has faced myriad challenges before and come out on top
The head of one of Hong Kong’s wealthiest families has said he is optimistic about the city’s future despite the constant stream of negative news, and has faith in Hong Kong’s youth.
“I feel [Hong Kong] is going to thrive and thrive more. We’ve always faced challenges,” Kadoorie said.
He cited the refugee crisis of 1952 as a great challenge to the city that Hong Kong overcame. The city faced an influx of refugees from the mainland as the Communist Party took power, increasing the population from 600,000 to 2.2 million in the span of one year.
“We had to adapt. That was far more of a crisis than the umbrella movement,” Kadoorie said, referring to the 79-day protest for universal suffrage that brought the city to a standstill in 2014.