It was 6 a.m. on the second day of the new year, and Ronald Li, reputed to be the third richest man in Hong Kong, was still sleeping, when four officers of the government's special anticorruption unit suddenly turned up at his home on the colony's fashionable Shouson Hill. After rousing Li, the former chairman of the Stock Exchange of Hong Kong, the officers thoroughly searched his luxurious three-story house. Then they led away the 58-year-old billionaire, who had hurriedly donned a turtleneck sweater and sports jacket. At the same time, other government squads were arresting two of Li's closest associates:...
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