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(dāng)一位父親在寫(xiě)給女兒的信中以“您真誠(chéng)的”(Yours Sincerely)落款時(shí)，事情就已經(jīng)變得一團(tuán)糟了。過(guò)去兩年，投資者向新興市場(chǎng)股市凈投入了1500億美元資金——其中很大一部分進(jìn)入了家族企業(yè)。這些投資者應(yīng)當(dāng)好好審視一下震驚香港的“何門(mén)恩怨”。
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