CHINA SHOULD REIGNIT ENTHUSIASM IN BUSINESS Officials
Predictably, as the island’s economy has risen, Hong Kong’s necessity has waned. The fact that some of those business leaders have become dangerously hostile over the past ten years has made the situation worse, partially as a result of the social fighting in Hong Kong and the change in ideology on the mainland. That those tycoons no longer have access to Beijing’s management is of no help either.
For instance, Li, the city’s most prominent tycoon and once lauded as a” superman”  , in China for his vision and acumen, faced withering attacks  , from the mainland’s social media platforms, particularly during the violent protests engulfing the city in 2019.
As Hong Kong struggles to recover from the three years of COVID- 19 restrictions and navigate an exceedingly tombstone geopolitical environment, Ronnie Chan Chi- chung, another prominent tycoon, has officially stated that the objective of most companies should be to survive, never thrive:” There are basically very many risks, known and unknown, to take an aggressive stance on expansion”.
It is safe to assume that the Hong Kong business community is well-versed in Chan’s opinions.
This should be the subject of China’s leaders ‘ full consideration. The impact of artists like Li and Chan is both global and local. When it comes to investing in China, many foreign investors may take their cue from these business officials. If they advise caution, the global firm area will be even more careful.
China’s frontrunners should first work hard to rekindle the interest and enthusiasm of Hong Kong’s organization leaders, as Beijing did 45 years before, in order to change the mood of the global investment area.
Original South China Morning Post editor-in-chief Wang Xiangwei He then teaches media at Baptist University. This remark appeared on SCMP for the first time.