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Letters to the Editor, April 26, 2013

We regret that the article ("Attack on tycoons with no conscience", April 22) helped perpetuate stereotypes at the expense of truth. The Cheung Kong and Hutchison Whampoa groups - which are firmly rooted in Hong Kong - are a corporate family of 270,000 employees across 52 nations.

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Why you can trust SCMP
Li Ka-shing's foundation is his 'third son'. Photo: Bloomberg

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We regret that the article ("Attack on tycoons with no conscience", April 22) helped perpetuate stereotypes at the expense of truth.

The Cheung Kong and Hutchison Whampoa groups - which are firmly rooted in Hong Kong - are a corporate family of 270,000 employees across 52 nations.

These employees provide for their families and contribute to their communities.

In recent years, Li Ka-shing has focused a great part of his time on philanthropy, including changing the way others feel about giving and improving life around them.

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In 1980, to cultivate a culture of giving and help those in need build a better life, he established the Li Ka Shing Foundation to support creative, constructive, and sustainable projects.

To date, the foundation has given more than HK$13 billion to charitable causes throughout the world, a record second to none in Hong Kong, and probably in China as well.

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