
Fortune stick offers Hong Kong financial advice it should not ignore
Lau interpreted the message as one requiring prudence in financial affairs, and doing good, right and practical things. 'As long as you are not greedy, it will be OK.' He also had specific advice for Financial Secretary Paul Chan Mo-po, who will deliver his budget on February 26, as the city faces a massive deficit of nearly HK$100 billion and lacklustre economic growth. Lau urged authorities to spend within their means and not raise taxes.
Lau interpreted the first line as meaning everyone should do the right thing and not harm others, or do anything just to make money. That too is sensible advice when scammers seem to be working overtime to bilk Hongkongers and mainlanders of their hard-earned money by phone, online and even on scam farms in Thailand.
The Sha Tin temple was built three centuries ago by locals in a desperate attempt to halt an epidemic. It was to honour a military commander, Che Kung, who was known for ridding villages of plagues, and who spirited the last emperor of the Southern Song dynasty (1127-1279) to safety in the New Territories. As the tale goes, the epidemic began to subside as construction was completed.
The tradition of drawing fortune sticks emerged much later, in the 1980s, newspaper clippings suggest. City officials stopped making the draw in 2003, when the home affairs minister picked an unlucky prophecy. Hong Kong suffered the deadly outbreak of severe acute respiratory syndrome (Sars) that year. The neutral fortune drawn in the just ended Year of the Dragon had the city trapped in a forest. While progress was made, it is clearly not out of the woods yet.
With the economy still struggling to recover from the Covid-19 pandemic, and uncertainty about the future rife, perhaps a traditional ritual can be regarded as wisdom. While considered a less desirable year to have babies, the Year of the Snake is not an inauspicious one, and offers hope for the future. Heeding sound advice, taking the right approach, and working together, it is hoped Hong Kong can tap its renowned resilience and emerge stronger for it.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


HKFP
21 hours ago
- HKFP
Hong Kong slams countries over ‘smears' against bounties targeting overseas activists
The Hong Kong government has said it 'strongly opposed and disapproved of smears with distorted facts' after countries such as the US, Canada, and Australia criticised the city's fresh bounties targeting overseas activists. In a statement on Sunday, the Hong Kong government said that 'such foreign government officials and politicians, as well as anti-China organisations, turned a blind eye to illegal acts of criminals' and 'also deliberately smeared and spread irresponsible remarks, in an attempt to mislead the public.' On Friday, Hong Kong national security police announced bounties for information leading to the arrest of 19 overseas activists for their link to political group the 'Hong Kong Parliament,' accusing them of committing subversion under the Beijing-imposed national security law. A bounty of HK$200,000 each was offered for 15 members of the group, while the remaining four were already wanted for HK$1 million each. 'The 'Hong Kong Parliament' is an organisation which aims to subvert state power; its objectives include promoting 'self-determination', promulgating the so-called 'Hong Kong Constitution', and overthrowing or undermining' the governments in China and Hong Kong, the statement also said. 'No country or organisation should harbour criminals nor try to exonerate these people with different excuses.' Criticism against bounties The Sunday statement was issued after senior US, Canadian, and Australian officials levelled criticism against the bounties. US Secretary of State Marco Rubio on Saturday condemned the move by the Hong Kong authorities, calling the bounties 'transnational repression.' 'The extraterritorial targeting of Hong Kongers who are exercising their fundamental freedoms is a form of transnational repression,' Rubio said in a statement. 'We will not tolerate the Hong Kong government's attempts to apply its national security laws to silence or intimidate Americans or anyone on U.S. soil,' he added. In Canada, Minister of Foreign Affairs Anita Anand and Minister of Public Safety Gary Anandasangaree issued a joint statement on Saturday condemning the bounties. 'This attempt by Hong Kong authorities to conduct transnational repression abroad, including by issuing threats, intimidation or coercion against Canadians or those in Canada, will not be tolerated,' the statement read. 'The actions taken by Hong Kong threaten the sovereignty of Canada and security of the people in this country,' the statement continued. The Canadian officials also said the bounties were 'being amplified in an inauthentic and coordinated way, through an online network of accounts that are targeting Chinese-speaking communities.' Australian Foreign Minister Penny Wong said on Saturday on X: 'Australia strongly objects to Hong Kong authorities issuing arrest warrants for pro-democracy advocates in Australia. Freedom of expression and assembly are essential to our democracy.' The Hong Kong government on Saturday also issued a statement opposing remarks by UK Foreign Secretary David Lammy and Home Secretary Yvette Cooper, who described the bounties as 'another example of transnational repression.' A total of 34 people residing overseas are currently placed on a wanted list by Hong Kong national security police. Beijing inserted national security legislation directly into Hong Kong's mini-constitution in June 2020 following a year of pro-democracy protests and unrest. It criminalised subversion, secession, collusion with foreign forces and terrorist acts – broadly defined to include disruption to transport and other infrastructure. The move gave police sweeping new powers and led to hundreds of arrests amid new legal precedents, while dozens of civil society groups disappeared. The authorities say it restored stability and peace to the city, rejecting criticism from trade partners, the UN and NGOs.


RTHK
a day ago
- RTHK
McDonald's reportedly to sell 8 Hong Kong properties
McDonald's reportedly to sell 8 Hong Kong properties McDonald's is said to be planning to sell eight prime retail properties in the SAR, with the largest on Salisbury Road in Tsim Sha Tsui. Photo: RTHK Fast food giant McDonald's is planning to sell eight prime retail properties in Hong Kong with a total market value of HK$1.2 billion, according to property firm JLL. In a statement on Monday, JLL said it has been appointed as the sole agent for the sale, which is being conducted via a public tender that ends on September 16. The agency said the properties are in Tsim Sha Tsui, Causeway Bay, Mong Kok, Kennedy Town, Tai Kok Tsui, Yuen Long, Tsuen Wan and Tsz Wan Shan, and range from 6,800 to 19,000 square feet in size. The largest is the ground floor and basement of Star House on Salisbury Road in Tsim Sha Tsui. The company said the properties are all secured with long-term McDonald's leases and will be available for purchase either individually or as a portfolio. Eunice Tang, executive director of capital markets at JLL in Hong Kong, said the sites will be supported by high rental yields with a full occupancy rate. "Most of these McDonald's restaurants have been iconic dining destinations for over 30 years, with some operating 24/7, which underscores the strength and resilience of the tenants' businesses," she said. Tang said there are no changes planned to the chain's restaurants in those locations and they remain operational.


RTHK
a day ago
- RTHK
McDonald's reportedly to sell 8 Hong Kong properties
McDonald's reportedly to sell 8 Hong Kong properties McDonald's is said to be planning to sell eight prime retail properties in the SAR, with the largest on Salisbury Road in Tsim Sha Tsui. Photo: RTHK Fast food giant McDonald's is planning to sell eight prime retail properties in Hong Kong with a total market value of HK$1.2 billion, according to property firm JLL. In a statement on Monday, JLL said it has been appointed as the sole agent for the sales, which will be conducted via public tender on September 16. The agency said the properties are in Tsim Sha Tsui, Causeway Bay, Mong Kok, Kennedy Town, Tai Kok Tsui, Yuen Long, Tsuen Wan and Tsz Wan Shan, and range from 6,800 to 19,000 square feet in size. The largest is the ground floor and basement of Star House on Salisbury Road in Tsim Sha Tsui. The company said the properties are all secured with long-term McDonald's leases and will be available for purchase either individually or as a portfolio. Eunice Tang, executive director of capital markets at JLL in Hong Kong, said the sites will be supported by high rental yields with a full occupancy rate. "Most of these McDonald's restaurants have been iconic dining destinations for over 30 years, with some operating 24/7, which underscores the strength and resilience of the tenants' businesses," she said. Tang said there are no changes planned to the chain's restaurants in those locations and they remain operational.