Date
24 September 2017
Worries over the wealth gap in China are keeping Li Ka-shing from sleep. Photo: Bloomberg
Worries over the wealth gap in China are keeping Li Ka-shing from sleep. Photo: Bloomberg

The three things keeping tycoon Li awake at night

Worries about a wider wealth gap, food security and a lack of trust in Chinese society are keeping 85-year-old Hong Kong tycoon Li Ka-shing awake at night.

Solina Chau, director of the Li Ka Shing Foundation and one of Li’s closest business partners, told a mainland venture capital roadshow on the weekend that while the wealth gap is a worldwide problem, Li thinks the situation in China may be worse, Sing Tao Daily reported Monday.

Chau said Li also worries about food security as China tries to feed about 20 percent of the world’s people with an ever-diminishing supply of land area and clean drinking water.

Li did not attend the event but in a letter to the gathering Li urged people, companies and governments to take advantage of new opportunities. 

“How can a person refuse to accept any kind of change or new experiences; how can a company hesitate to adopt innovative concepts and methods; and how can a government rest on its laurels and stick to outdated rules when technology is creating huge opportunities?” the letter said.

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