When a father signs off a letter to his daughter, “Yours Sincerely,” things have come to a pretty pass. Investors who have poured a net $150bn into emerging market equities over the past two years – much of it into family-dominated firms – should take a good look at the Stanley Ho saga transfixing Hong Kong.
當一位父親在寫給女兒的信中以「您真誠的」(Yours Sincerely)落款時，事情就已經變得一團糟了。過去兩年，投資者向新興市場股市淨投入了1500億美元資金——其中很大一部分進入了家族企業。這些投資者應當好好審視一下震驚香港的「何門恩怨」。
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