Anti-Golfer in Red
Extract from "Cheesed-off Chief Chastens Bankers for Putting Putting before Profits" by Ben Kwok (South China Morning Post, 27 April 2006) -
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Chief Executive Donald Tsang yesterday gave members of the Hong Kong Association of Banks a gentle rebuke, opining on the importance of being good bankers, not great golfers. He said his government had been negotiating with BJ to satisfy bankers' needs but the city's money men seemed interested more in green fees than banking fees.
"Where were you during the last Easter weekend? Suppose some were playing golf out in the Pearl River Delta, some were having a massage or spa in Thailand. But on Easter Friday, the [People's Bank of China] made the announcement No.5 on the internet. Have your read it?" he asked.
"Where were you guys? You should have been working on the Easter weekend. You should have been knocking on the door of [PBOC governor] Zhou Xiaochun and knocking on the door of [China Banking Regulatory Commission chairman] Liu Mingkang. And you guys were playing golf. You missed a trick..."
HSBC economist George Leung admitted he was in Bangkok, but he did study the PBOC announcement after his staff informed him about it. In a jab at the government's wheezy anti-pollution efforts, he said he had to get out of HK on Easter for a breath of fresh air. In response, Mr Tsang said HSBC should raise Mr Leung's salary for working on his holiday.
Indeed, Mr Tsang seems to like brokers more than bankers. Two hours before scolding the HKAB, he officiated at the opening of the renovated Hong Kong Exchanges and Clearing hall with a speech that earned brokers' cheers. Mr Tsang also made it to the HKEx Hall of Fame list after receiving a broker's red jacket, which was numbered a lucky 3828... He joins that red-jacketed pantheon alongside President Hu (No 8383), Premier Wen (No 1638) and Tung Chee-hwa (No 9728) – all of whom served more than seven years in their official positions. Will Mr Tsang be so lucky?
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