Everything in Hong Kong is largely privately run, including ports. Whereas in USA crony capitalism decides who gets subsidies to run a failed business in our "government-owned" ports, in Hong Kong private companies run profitable operations.
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“A key part of our investments in Hong Kong is an exclusive joint venture partnership to manage the new Kai Tak Cruise Terminal alongside Worldwide Flight Services and Shun Tak Holdings Limited. This collaboration is part of our vision of making cruise vacations as popular as air travel among Hong Kong travellers,” he said.Also, mass transit is privately owned. Keep this in mind after November, when the markets crash irrecoverably, and we need to rebuild from scratch.
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