Tsai, a billionaire businessman who has a home in Hong Kong, opened up about his experience during the crisis, saying that “in 2019, when people were protesting on the streets, I was actually afraid to walk onto the street.”
“I actually felt physically threatened with … these protesters,” added Tsai, who grew up in Taiwan.
Tsai now argues that despite its setbacks, Hong Kong still has many competitive advantages as a global business hub, from a low income tax rate to open markets.
“It’s a free market economy,” he said. “You put money into the Hong Kong Stock Exchange today … in Hong Kong dollars, tomorrow you can take it out in US dollars. There’s a free flow of capital.”
Asked about the matter, Tsai said that Ma was “lying low right now,” while taking up new hobbies such as painting.
“I talk to him every day … he’s actually doing very, very well,” he said. “I think you have to separate what’s happening to Jack and what’s happening to our business.”