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Continue ReadingThailand in Foreign Investors View / Investman
Many people say that Thailand is not a major target for foreign investors like in the past because we are losing some competitiveness compared to other countries.
How is this? If it's true today, how should we prepare to bring Thailand back to the important target of foreign investors. Investman will tell you about it.
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Situation and economic update with Blockdit
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If you talk about foreign investment to be easily understood, let's split into 2 types.
1) Foreign Direct Investment
2) Investment in the financial market, which in this case emphasizes on investment in the stock exchange of foreign investors.
These 2 sections are important to reflect how much foreign investors are interested in investing in Thailand.
Foreign Direct Investment (Foreign Direct Investment or FDI) is a key factor that affects economic growth of the country.
As FDI's coming in, it doesn't only cause investment, employment, but also as portraying and technology development. It will eventually cause the country's economy to grow, average income and quality of life for domestic population.
However, it seems that FDI value that entered Thailand in the last 10 years is likely decreasing.
Year 2010-2014 FDI worth entering Thailand on average 321,000 million baht.
Year 2015-2019 FDI worth entering Thailand on average 247,000 million baht.
But, you know, in the past 10 years, FDI that entered ASEAN nationwide from 1.3 trillion baht to 4.7 trillion baht. This has resulted in the economy of many countries in this region to grow remarkably. Over the years.
The average GDP of many neighboring countries such as Cambodia, Philippines, Myanmar, Laos, Vietnam, grows an average of 6-7 % per year. Or, if it's simply explained, the economic value of the country grows around 10 years.
While in the past 10 years, Thailand's GDP grew an average of 3.5 % or half of its economic growth in neighboring countries.
This may be due to several of our structural issues changing.
Thai elderly population proportion, increasing continuously, will diminish long-term consumption and labor number of countries and result in less investment necessities that will hit employment and eventually slow the economy down.
Population in labour age is decreasing, leading countries to rely on labour to drive economic economies like Thailand.
Nowadays, about 1 in 3 of Thailand's workforce is in agriculture and agriculture sector. It's still in the manufacturing industry, selling. All of them are mainly labor-dependent industries.
Doesn't include any other issues like
Political unrest issues
Readiness of basic utility system
Corruption problem
A shortage of skilled workers that are barriers to developing countries.
We must admit that these matters not only decrease FDI value in Thailand during the past, but it will also slow down the future economic growth trend, and it will also slow down the interest of foreign investors on the Thai stock market.
Do you know that in between 2010-2019 or in 10 years, foreign investors sell collectible shares higher than 512,000 million Baht?
While the first 6 months of this year
Foreign investors have sold Thai stocks for over 216,000 million baht.
The interesting thing is that for those who think that foreign investors have sold a lot of stocks in the stock market. There may be a few stocks left. Then we may have to re
Because even the proportion of the stock holding of foreign investors in Thai stock market per cap. That's reduced from 37 % during 2012 to 30 % in 2019, but the remaining value is higher than 5 trillion baht.
And selling shares of foreign investors is one reason why the Thai stock market seems to go nowhere, especially in the last 6 years.
In summary, both foreign direct investments (FDI) will affect Thailand's real economic sector is decreasing compared to the past and foreign investors are also selling securities because they see the country's economic growth trend seems less interesting.
Therefore, our Thailand doesn't just require investment, improve performance, technology, and innovation to create value-added industries and reduce labor-oriented industries like before to help increase nation's income.
But it has to be including solving problems, labour problems, lack of skills, corruption problems, peaceful, politically accumulated for long time.
If this is like an eastern tale, it would be similar to a rabbit tale and a famous turtle that in the last decades, Thailand used to be a country where the economy grew fast and overtook many countries, especially the neighboring countries far away.
It looks like we're about to finish and leave our rivals without dust.
But then one day, when we run fast, we run slower, start walking, and don't stop walking while our rivals run faster.
Even today we may be ahead of many countries.
But no one can guarantee that
In the future, we will not be overtaken as in tales..
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References
-https://www.aseanstats.org/wp-content/uploads/2020/01/ASYB_2019.pdf
-https://www.bot.or.th/App/BTWS_STAT/statistics/ReportPage.aspx?reportID=654&language=eng
-https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=TH
-https://www.bot.or.th/App/BTWS_STAT/statistics/BOTWEBSTAT.aspx?reportID=638&language=th
-https://www.set.or.th/th/market/market_statistics.html
-https://www.bot.or.th/Thai/ResearchAndPublications/DocLib_/Article_7Nov2017.pdf
-https://www.thebangkokinsight.com/304526/Translated
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整理得很好
【**川普做了哪些40年來其他總統沒做的事?**】中共就是這幾任包括柯林頓,小布希,歐巴馬給搞到為所欲為,不管川普是否連任,這4年能夠把中共搞到崩潰邊緣,他真的不簡單!
**這裡整理幾點,他做了那些前任總統沒做的事?**
**1. 讓反共成為美國共識:**
* 正式公開承認過去幾十年對中政策的錯誤,並將中國與中共分開,認定中共所領導的中國為「有別於民主」的獨裁國家,視其為「新威權主義」
**2. 讓反共成為民主自由國家共識:**
* 呼籲並整合西方國家,在民主自由與極權暴政之間只能選邊站,價值觀勝過經濟誘因
* 在這次疫情,願意第一個出來講真話,讓我們不用活在指鹿為馬的世界,指出就是因為中共隱匿疫情,造成全球染疫超過千萬,死亡超過50萬人,經濟停擺,損失無可計算,四億多全職工作消失不復返,生活模式改變
* 甚至,他點出了 [#宗教自由](https://www.facebook.com/…/%E5%AE%97%E6%95%99%E8%87%AA%E7%9…),喚醒我們與中共的差別,西方民主國家不要忘記我們的價值觀,行善止惡的重要性
**3. 斷絕中共資金來源:**
* 進行貿易戰,提高關稅,迫使各國紛出走中國
* 提供優惠措施,輔導美企出走中國
* 嚴審中概股,逼迫中企會計公開透明,被迫在自由市場滅頂
* 限制經由香港的資金流動
* 對中國敏感科高科技出口禁令擴展到香港
* 下令美聯邦退休基金撤出中國,禁止用美國公務及老兵的退休基金去投資中國,使其製造武器來威脅美國人/士兵生命,過去幾任總統都是這樣做
* 美國八成假貨來自中港,不但危害智慧產權,消費者安全,更打擊市場公平性,川普對這些產品進行關稅制裁
* 進行《香港自治法》的簽署: 潛在制裁對象還首度包括國際金融機構,可導致中港銀行無法與美國銀行交易、不能使用美元結算,以打擊中港方資金鏈
**4. 斷絕中共技術來源,消滅「中國製造2025」:**
* 抵制中興、華為及與中共及解放軍有關係的中企
* 阻斷中國晶片來源,沒了心臟,所有設備根本出不了中國
* 對美國涉及千人計劃的學者、科學家開鍘,並對源頭中國駐美使館進行公開譴責
* 反制習近平「軍民融合戰略」竊取高科技,針對中國公民和學生進行簽證禁令,禁止具任何解放軍背景公民、學生與研究人員的再入境,撤銷簽證,甚至逮捕,一解放軍軍官以學術研究到美,在機場被捕,面臨最高10年刑期
* 正在進行「年度國防授權法案 (NDAA)」的簽署: 公布竊取美商業機密、威脅國家安全或經濟健康的個人或公司名單,[#向竊取技術的企業實施懲罰](https://www.facebook.com/…/%E5%90%91%E7%AB%8A%E5%8F%96%E6%8…),包括凍結他們在美國的資產,及禁止美國公民與這些公司和個人進行交易的制裁,還包括加強美國供應鏈的措施,以及擴大與中國導彈防禦系統整合的限制
**5. 5G:**
* 正式宣布華為國安威脅,目前世界已有多國正式宣布不用華為進行5G基礎建設,這對全世界各國國家安全極為重要,菲律賓即因電網用華為設備,中共可遠端停電菲律賓48小時
* 美憂中國監視及竊盜資料,海纜准通台灣,不准通香港
**6. 印太戰略**
* 美國對中國擴張問題,不再只是內容空泛的抱怨,反而是堅強的執行意志。從新加坡李顯龍公開表示,希望華府不要逼新加坡與東協在美、中兩國選邊,很明顯就是針對美國印太戰略在發言
* 美國正在亞太地區部署前所未見的軍力,目前美軍部署在亞太地區的兵力為37.5萬人,占美軍總兵力的28%,其中包括60%的海軍艦艇、55%的陸軍部隊,以及2/3的陸戰隊兵力
* 美國前總統歐巴馬8年任期中,在南海只執行4次航行自由行動,然而川普上任迄今四年已執行22次,是歐巴馬的11倍
**7. 台灣**
* 稱蔡英文為台灣總統,國務卿蓬佩奧公開稱讚台灣在民主自由的貢獻,並支持台灣加入WHO等國際組織
* 台灣被確認是美國印太戰略核心夥伴,公開邀請參加八月南海軍演
* 2016年共和黨首度將《六項保證》納入黨綱
* 《台北法案》: 內容涵蓋台灣對外關係、美台經貿關係和台灣參與國際組織,增強美台雙邊經貿關係,並要求美政府促進台灣國際參與
* 《2018年亞洲再保證倡議法》其中第209條款「對台灣之承諾」重申支持美國與台灣在政治、經濟及安全的合作,規定「美國總統應依來自中國之威脅而定期對台軍售」
* 《台灣旅行法》: 促進兩國高層交流
* 重啟台美FTA談判
* 美方加強參與台灣國艦國造
* 軍售台灣: 18枚MK-48 AT重型魚雷,66架F-16戰機,派里級巡防艦、AAV7兩棲突擊車、人攜刺針飛彈250枚、拖式2B型飛彈769枚、標槍飛彈及迅安系統後續支援,HARM反輻射飛彈50枚、聯合距外武器(JSOW)空對地飛彈56枚、MK48魚雷46枚、標準二型(SM-2)飛彈16枚、MK54輕型魚雷168枚、4艘紀德級驅逐艦AN /SLQ-32(V)3電戰系統性能提升、SRP偵蒐雷達後續維持、MK41垂直發射系統,C-130 運輸機、F-5 戰鬥機、經國號戰鬥機,M1A2T戰車、M88A2裝甲救濟車、M1070A1 重裝備運輸車、M1000 重裝備運輸板車、FIM-92刺針便攜式防空飛彈、122把M2重機槍、216把M240通用機槍
* 進行《台灣防衛法》的簽署: 確保美軍有能力保護台灣安全,包括評估採取有限核武來嚇阻中國
**8. 香港**
* 制裁傷害香港自治的中港官員,包括: 中共政治局常委,負責港澳事務的韓正,加速中共高層內部的分裂
* 通過《香港人權與民主法》,撤銷香港特別待遇,包括禁止出口軍民兩用技術到香港
* 著手撤銷香港在引渡條例、出口管制、旅遊及獨立關稅區地位等領域所享有的特殊待遇
* 進行《香港自治法》的簽署: 對破壞香港自治的中港官員,凍結其在美資產,禁止入境美國;潛在制裁對象還首度包括國際金融機構,可導致中港銀行無法與美國銀行交易、不能使用美元結算,以打擊中港方資金鏈
**9. 新疆**
* 2019年10月,美國宣布將28個打壓新疆穆斯林的中企列入黑名單
* 2020年5月,美國宣布將中國公安部法醫研究所和8家中企列入經濟黑名單,並將33個協助中國政府監控維族,或與中國解放軍及大規模殺傷性武器有關聯的企業、機構、個人列入黑名單
* 通過《2020 年維吾爾人權政策法案》,呼籲禁止在中國境內外對這些族群的任意拘留、酷刑和騷擾,將制裁監禁超過百萬穆斯林的中國官員,制裁手段包括:凍結中國有關官員的在美財產、拒絶他們入境、拒發或取消簽證
**10. 媒體:**
* 今年2月,美國已將新華社、中國環球電視網(CGTN)、中國國際廣播電台(CRI)、《中國日報》發行公司,以及《人民日報》發行商美國海天發展公司列為外國使團
* 今年3月,美國要求削減60位中國籍記者
* 今年4月,白宮史無前例地批評美國之音為中國政府做宣傳。新任執行長在6月初通過國會核准,原本貝內特(Amanda Bennet)在內多名美國之音高管宣佈辭職
* 今年5月,美國限制中國籍記者簽證90天
* 今年5月,川普與推特等社群媒體槓上,怒斥打壓言論自由
* 今年7月,新增4家中共官媒為外國使團,包括: 中央電視台(CCTV)、中國新聞社(中新社)、《人民日報》和《環球時報》,從此需向美國國務院提供在美員工的名單及他們在美租賃或持有的房地產清單
**11. 疫情前,2019年底的美國經濟表現**
* 失業率維持在 3.5%,創 1969 年以來新低
* 執政 3 年美股飆逾 50%,高居歷屆總統第一
* 招聘人數的增加和工資的上漲推動了消費者支出,消費者支出占美國經濟的三分之二以上
* 美國是2019年G7唯一經濟增速將超過2%的國家
* 至2019年12月,美國經濟已連續第126個月持續增長,是有記錄以來最長的經濟增長期
* 美國股市的總市值攀升至創紀錄,1.5倍於其GDP
* 強勁的美國經濟在2019年繼續吸引來自世界各地的投資,使美元匯率升至歷史新高
**12. 國際組織**
* 川普大聲譴責目前「過於以中國為中心」的國際機構,包括WHO等
* 以行動退出世衛及拒絕提供資金後,世衛終於在6月30日承認中國並非第一個告知疫情,也就是中共違反世界衛生條例,並沒有在24小時內告知世衛,也代表全球都有法源依據跟中共求償
* 川普政府的國家安全小組甚至在考慮建立一個全新的國際衛生組織,以使美國能擁有更大影響
* WTO秘書長突然在今年5月辭職
* 川普表示: 聯合國是一個過時的組織。暗示應成立一個以民主自由國家,有共同價值觀為前提的組織,並開始邀請各國參加G11
What did Trump do that the former presidents did not do?
1. Making Anti-CCP a consensus in the United States:
* Formally and publicly acknowledged the mistakes of the China policy over the past few decades, separated China from CCP, and regarded China led by CCP as a dictatorship, different from democracy countries
2. Making Anti-CCP a consensus in the democratic and free nations:
* Appealed the democratic and free nations to stand together against CCP. Western countries is forced by CCP to choose side between persistence in freedom and acceptance of Beijing’s bully tactics, between value and economic incentives.
* In this epidemic, told us the fact that it’s because of the CCP’s deliberate concealment, more than 10 million people have been infected, more than 500,000 people have died, more than 400 million full-time jobs have disappeared, and our lifestyle is forced to be changed.
* Pointed out the importance of religious freedom and awakened us the differences between us and the CCP. CCP is a regime that oppresses her people’s religious freedom. Western democracies should not forget our insistence on freedom and beliefs
3. Cut off the sources of CCP funds:
* Carried out trade wars, raised tariffs, forced the companies and the investment to move out of China
* Provided preferential measures to assist US companies to move out of China
* Passed a bill that would prevent companies that refuse to open their books from listing on Wall Street. This move is aimed to "kick deceitful Chinese companies off US exchanges."
* Restrict the flow of funds through Hong Kong
* Directed federal pension fund to halt investments in Chinese stocks
* Imposed tariff sanctions on Chinese fake products
* Passed the Hong Kong Autonomy Act to require the imposition of sanctions on foreign individuals and banks that participate in China’s oppression of Hong Kong
4. Cut off the sources of high-tech technology and knowledge acquired by CCP, and eliminate the possibility of Made in China 2025:
* Boycotted ZTE, Huawei, and the Chinese companies which are related to the CCP and the PLA
* Block CCP's access to acquire the high-end chips
* Arrested the scholars and scientists involved in the Thousand Talents Program, and publicly condemned the Chinese Embassy accused to lead this program in the US
* Ordered a ban on issuing visas to the Chinese people, students and researchers with PLA background, in order to prevent Xi Jinping's "military-civilian integration strategy" from stealing US high technology
* Signed "National Defense Authorization Act (NDAA)": published a list of individuals or companies that steal US trade secrets, threaten national security or economic health; Penalize the companies that steal technology, including freezing their US assets; Prohibit U.S. citizens from trading with these companies and individuals...and so on.
5. 5G:
* Barred American firms from selling tech and supplies to huawei without first obtaining a license to do so and restricted companies like TSMC, a Taiwan-based firm, from exporting computer chipsets and other key components to Huawei.
* At the same time, warned the world that Huawei products will pose a risk to their national securities. Now, the tide is turning against Huawei, many countries have given up using Huawei equipments on their 5G instructure.
* According to CNN, because of using huawei equipments, the Philippines' power grid is under the full control of the Chinese government and could be shut off in time of conflict
* Denied Google to use a direct connection between the US and Hong Kong, due to a significant risk to security
6. Indo-Pacific Strategy
* The United States is no longer just complaining about the content of China's expansion, but rather a strong will to execute. Li Xianlong from Singapore stated publicly that he hopes that Washington will not force Singapore and ASEAN to choose sides in the United States and China.
* The United States is deploying unprecedented military power in the Asia-Pacific region. Currently, the US military has 375,000 troops deployed in the Asia-Pacific region, accounting for 28% of the total US military strength, including 60% of naval ships, 55% of the army, and around 66% Marine Forces
* During the eight-year term of the former President Obama, only carried out four freedom of navigation operations in the South China Sea. However, Trump has carried out 22 times in the four years so far, which is 11 times that of Obama.
7. Taiwan
* Ignoring CCP’s intimidation, the secretary of State Pompeo publically and officially called Tsai Ing-wen the President of Taiwan. Also, praised Taiwan’s contribution to democracy and freedom, and supported Taiwan’s accession to WHO and other international organizations
* Publicly announced Taiwan is the core partner of the US-Indo-Pacific Plan, and openly invited Taiwan to participate in August Joint Navy Exercise in South China Sea
* Reiterated the "Six Guarantees" for Taiwan in 2016
* Signed "Taipei Act": It aims to increase the scope of US relations with Taiwan and encourage other nations and international organizations to strengthen their official and unofficial ties with this nation
* Signed "Asian Reassurance Initiative Act 2018" : It aims to support the close economic, political, and security relationship between Taiwan and the United States, to faithfully enforce all existing United States Government commitments to Taiwan, to counter efforts to change the status quo and to support peaceful resolution acceptable to both sides of the Taiwan Strait, to conduct regular arms sales To Taiwan
* Signed "Taiwan Travel Law": It aims to encourage the travel of high level United States officials to Taiwan
8. Hong Kong
* In May 27, 2020, announced by the Secretary of State under the Hong Kong Human Rights and Democracy Act that Hong Kong no longer enjoys sufficient autonomy in order to justify special treatment by the US
* In May 28, 2020, announced that the United States would initiate the process of revoking Hong Kong’s favorable treatment under US law
* In July 1st, 2020, passed the Hong Kong Autonomy Act. It’s aimed to provide for mandatory sanctions against individuals, entities and financial institutions in response to China’s National Security Law for Hong Kong.
9. Xinjiang
* China has rounded up at least a million Uighurs in Xinjiang and imprisoned them in what it calls "re-education camps." An investigation found that most of the detainees were imprisoned due to their religious practices and culture, rather than extremist behavior.
* In October 2019, banned the import of products made by a firm in Xinjiang over its use of forced labor, also, blacklisted 28 Chinese entities for their role in the repression of Uighurs and issued visa restrictions on key Chinese officials
* In May 2020, added 33 companies to the United States’ economic blacklist of Chinese companies with ties to China’s military. The Commerce Department explained the banning of these companies, claiming that they are “complicit in human rights violations and abuses committed in China’s campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance against Uighurs, ethnic Kazakhs, and other members of Muslim minority groups in the Xinjiang Uighur Autonomous Region.”
* In signed into a law an act authorizing sanctions against Chinese officials over the mass detention and surveillance of Uighur Muslims in China's western Xinjiang province. The new legislation is the most significant action by any country to punish China over its treatment of ethnic minorities.
10. Media:
* In February, require five Chinese state-run media organizations to register their personnel and property with the U.S. government, granting them a designation akin to diplomatic entities.The five organizations affected are Xinhua News Agency; China Global Television Network, previously known as CCTV; China Radio International; the parent company of China Daily newspaper; and the parent company of The People’s Daily newspaper. All five meet the definitions of "foreign missions" under the Foreign Missions Act, according to the State Department.
* In March, ordered several Chinese media organizations to dismiss 60 U.S.-based Chinese nationals
* In May, reduced the length of work visas for journalists from China employed by non-U.S. media will be to a maximum of 90 days. Chinese reporters can apply for extensions, each one also limited to 90 days
* In the end of May, after Trump's complained reminding, Twitter has flagged a tweet written in March by a Chinese government spokesman that the US military brought the novel Coronavirus to China, as the social media platform ramps up fact-checking of posts.
* In July, announced that four more Chinese media organizations will be treated as foreign diplomatic missions, including: China Central Television (CCTV), China News Service (China News Service), People’s Daily, and Global Times.
11. Before the epidemic, the US economic performance at the end of 2019
* Unemployment rate remains at 3.5%, a new low since 1969
* During Trump’s three years in power, U.S. stocks soared by more than 50%, ranking first among successive presidents
* Increased recruitment and rising wages have driven consumer spending, which accounts for more than two-thirds of U.S. economic output, and its health has helped the economy maintain a stretch of growth that is now in its 11th year.
* In G7 in 2019, the United States is the only country with an economic growth rate of more than 2%
* As of December 2019, the U.S. economy has expanded for a record 126 straight months, the longest time period in the country’s history according to the National Bureau of Economic Research.
* The total market value of the US stock market climbed to a record, 1.5 times GDP
* In 2019, the strong American economy attracts investment from all over the world,bringing the dollar exchange rate to a record high
12. International organizations
* Loudly accused WHO of being very "China-centric" and withdrawn from the WHO by action and refusing to provide funds, the WHO finally admitted on June 30 that it was alerted by its own office in China, and not by China itself, to the first pneumonia cases in Wuhan.
* Trump is even considering to establish a new international health organization to allow the United States to have greater influence
* WTO Secretary-General suddenly resigned in May this year
* Trump even called for reform of outdated United Nations, implying that an new UN organization should based on the common value as democracy and freedom. Hence, he is starting to invite more democratic countries into G7
philippines stock exchange 在 翁靜晶 Facebook 的最佳貼文
英國友人埃里克.何東先生(His Excellency Ambassador Eric Hotung CBE,中文名為何鴻章)是已故香港最具影響的首富羅伯特.何東爵士的長孫、香港工商界鉅子和華社社團領導。
他一九二六年生於香港,孩提和青少年時代在上海渡過。一九四七年赴美, 一九五一年畢業於美國喬治城大學,曾在紐約股票交易所、通用汽車公司等任職。一九五六年和一九五七年,其祖父和父親相繼去世,他回到香港繼承家業,先從事進出口貿易,後經營房地產開發和金融證券,其產業從香港擴展到歐美,與國際上的金融界和證券交易所建立了廣泛聯繫。
何鴻章先生繼承家族傳統,熱心公眾和慈善事業。為此,於一九六五年創建“何鴻章信託基金會”,以發展香港及其他地區和國家的教育。由於廣泛參與和讚助國際社會活動,何先生被許多國家不同類型的社會團體,特別是文化教育領域的社團聘為理事和董事。其中,從八十年代起歷任美國喬治城大學和菲律賓國際問題研究中心董事、中美關係全國委員會和宋慶齡基金會等組織的理事。一九九九年,東帝汶人民經過多年浴血奮戰取得獨立後,何鴻章先生又慷慨解囊,不但捐巨資,還提供船隻協助載送難民回國,並在東帝汶成立何鴻章信託基金會。為了感謝他,東帝汶任命他為該國經濟和金融特別顧問,許多國家對他的慷慨之舉也給予嘉獎。
作為中國人民的老朋友,何鴻章先生非常關心中國的發展,熱心於中國的公益事業,慷慨贊助中國的文化和教育。自八十年代起至今捐款總額(不包括香港)已達數千萬人民幣。此外,他為促進中美兩國之間的了解和關係的改善也付出了大量的心血,做出了積極貢獻。鄧小平、江澤民、李鵬、朱容基、李瑞環、葉劍英、鄧穎超、楊尚昆等中國領導人都分別會見過他。
His Excellency Ambassador Eric Hotung C.B.E (The Patriot of British Empire), known as He Hongzhang by his Chinese name, is the eldest grandson of Sir. Robert Hotung - last of the Merchant Princes and a leader of the Chinese community.
Born in 1926 in Hong Kong, he spent his childhood and youth in Shanghai. He went to the United States in 1947 and graduated from the Georgetown University in 1951. He had worked in New York Stock Exchange, General Motors and other places. Following the passing away of his grandfather in 1956 and his father in 1957, he returned to Hong Kong to inherit his family's property. At first, he was engaged in import and export trade, and then he went in for real estate development, as well as securities. His business expanded gradually from Hong Kong to Europe and the United States, and in the meantime, he established contacts with financial circles and stock exchanges worldwide.
Carrying on the fine tradition of his family, H.E. Ambassador Hotung has always been enthusiastic in promoting public welfare and the cause of charity. For this, he founded the "Eric Hotung Trust Fund" in 1965 with the aim of developing education in Hong Kong, and other regions and countries. Owing to his wide participation in and warm support to international social activities, he was appointed by many counties as director or council and education. For instance, starting from 1980's he became members of the board of directors of the Georgetown University in the United States and the Research Centre of International Studies in the Philippines. He also serves as Council Member and Trustee of the American National Committee on U.S. - China Relations and the Song Qing Ling Foundation in China. In 1999, after the Timorese people won independence through years of fighting in bloody battles, H.E. Ambassador Hotung, was one of the first individual to come to the country's assistance by donating money, a ship to return refugees and establishing the Hotung Institute for Timor-Leste. He has been appointed by the Timor-Leste government as Ambassador at Large and Economics Advisor for Timor-Leste. Many countries have acknowledged his generosity.
As an old friend of the Chinese people, H.E. Ambassador Hotung is very concerned about China's development, warmheartedly supports her public welfare, and generously donates money to her cultural and educational cause. Since the 1980's his total donation to China(excluding Hong Kong)has reached tens of millions RMB, besides, he has also done much work and contributed positively to the understanding and improvement of relations between China and the United States. Chinese leaders like Deng Xiaoping, Jiang Zemin, Li Peng, Zhu Rongji, Ye Jianying, Deng Yingchao, Yang Shangkun have all met him personally.
來源:http://www.erichotung.com/
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