Warren Buffett said: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently”
It is a pity the Hong Kong administrators didn’t consider Buffett’s sage words before kowtowing to the wishes of Beijing. Perhaps it is past caring, anymore. But in the blink of an eye, it has destroyed the credibility of Hong Kong as a financial centre, and the integrity of all those who work in it.
The fact that civil order had to be restored in Hong Kong is undeniable. But to use a sledgehammer to crack a nut can only result in serious repercussions.
As it stands, the recently-passed security law would make anything that promotes secession, subversion, terrorism, and collusion with foreign forces to endanger national security an offence. Subversion is a movable feast under the vague security law. It can mean just about anything....