Developers’ cosy ties with politics may explain Hong Kong’s biggest woe


Passengers walk through fare gates as riot police stand guard inside North Point station, operated by MTR Corp., during a planned protest in Hong Kong, China, on Monday, Sept. 2, 2019. Riot police patrolled key subway stations ahead of a planned strike that threatens to disrupt transportation in Hong Kong after another weekend of chaos left travelers stranded at the airport. Photographer: SeongJoon Cho/Bloomberg

HONG KONG: On a sunny morning in early September 2010, Hong Kong’s wealthiest man Li Ka-shing was invited to speak in Shenzhen and was granted an exclusive audience with then Chinese President Hu Jintao.

What was unusual about the episode, held during a commemoration of Shenzhen’s 30th anniversary as the special economic zone to spearhead China’s economic reforms, was that Li was the sole Hongkonger to be received by China’s head of state.

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