Bankers, open your wallets

Tonight’s charity event in Hong Kong, the FABBAs, provides the perfect opportunity to ease bonus-laden consciences, while making a conspicuous display of wealth at the same time. Perfect.
Sailing Yacht Montigne
Sailing Yacht Montigne

Financial professionals have taken a lot of stick recently. Sure, they broke the global financial system and misdirected their great intellect to avoiding taxes and inflating profits, but that was mainly the shysters in New York and London.

Here in Hong Kong, the region’s solid economic growth makes it easy for market participants to earn an honest buck and we barely pay any taxes anyway and, even then, the government still managed to earn $6 billion more than it spent last year. Life is good in Asia, so it’s right and proper that the region’s financial professionals should volunteer a chunk of their salaries to help those who are less...

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