Poverty in Hong Kong

Today's newspaper mentioned that a lot of Hong Kong people are poor, 1.26 million are considered to be below the poverty line. That's very high considering that Hong Kong has around 7 million people only!

For first time visitors of Hong Kong, you will see glitzy places, high rises, etc. that shows opulence and great riches. Yet living on the ground tells a different reality, many are still poor even if they're residents of a rich country/territorry. (Of course the Philippines is the opposite, there are many rich people even if the country is poor!).