Re:Why Are Chinese Millionaires So Stingy?
by OmniBus on Sunday October 03, 2010 @03:11AM
(#1752293)
Hong Kong is a quite different place. It differs from Mainland China. It preserves Chinese traditional values while accepts Western values.
Traditionally, Chinese manages themselves according Confucian, Buddhist and Taoist views. Riches are encouraged to donate in order to secure better later life, reincarnation, lives of offsprings. Sometimes it was rewarded with some good "titles" from mandarin. Communist in Mainland Chines destroyed all the traditions while Hong Kong preserves it.
In Hong Kong, there are many international non-government organisation. Western type of charities can establish in Hong Kong. Some of them extends their charity services into China based in Hong Kong. Charity fund-raising happens all round the years.
A quote from him "If my children are competent, they don’t need my money, Mr. Yu explained. If they’re not, leaving them a lot of money is only doing them harm."