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.
当一位父亲在写给女儿的信中以“您真诚的”(Yours Sincerely)落款时，事情就已经变得一团糟了。过去两年，投资者向新兴市场股市净投入了1500亿美元资金——其中很大一部分进入了家族企业。这些投资者应当好好审视一下震惊香港的“何门恩怨”。
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