Hong Kong tycoon Li Ka-shing’s foundation has recently reduced its stake in the Postal Savings Bank of China, cashing out HK$122 million (about $15.6 million). Market observers speculate that Li Ka Shing Foundation’s sale of its shares on May 11 is a sign that Li is pessimistic about the long-term outlook of China’s economy, as…
Hong Kong Billionaire Reduces Stake in Chinese Bank Amid China’s Banking Troubles
Hong Kong’s Li Ka-Shing Makes Bid to Purchase Devalued China Evergrande Center
Chinese developer Evergrande is selling its flagship China Evergrande Center in Hong Kong through tender that closed on July 28. The building’s market valuation had dropped to an estimated HK$9 billion (about $1.17 billion). Cheung Kong Asset Holdings Limited, founded by Hong Kong tycoon Li Ka-Shing, confirmed submission of the tender on the same day in…
Hong Kong’s Richest Man Eyes Vietnam, Disappoints Beijing
May 9, 2022
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CK Asset Holdings, founded by Hong Kong tycoon Li Ka-shing, will invest in real estate in Ho Chi Minh City, Vietnam. The move comes as Vietnam has become the fastest growing country in Southeast Asia, and its GDP growth rate exceeds China’s. Li, who ranked first in the “Hurun Global Real Estate Rich List 2022”…
Beijing Beckons to Li Ka-shing as International Capital Moving Away From China
Commentary The family company of Hong Kong’s richest man Li Ka-shing recently sold a large amount of European assets. His investments have always been an economic bellwether. At this time, the confrontation between the United States and China has intensified, Chinese stocks and the Chinese stock market have seen ups and downs, and international capital…
Hong Kong Tycoon Richard Li’s FWD Makes US IPO Filing Public
HONG KONG—Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday Sept. 23, revealing a jump in revenue last year. The insurer, which will list through an initial public offering (IPO), posted revenue of $9.49 billion last…
Hong Kong Tycoon Sells Shanghai Property for $540 Million
September 23, 2021
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Hong Kong’s richest man has sold a 24-story commercial building in Shanghai for $540 million, further reducing his assets on the Chinese mainland. Hysan Development announced last Friday it would acquire the commercial project in Shanghai from CK Asset Holdings Ltd., a Hong Kong-based investment holding company founded by business magnate Li Ka-shing. The newly…
Hong Kong’s Richest Man Li Ka-Shing Marginalized for Not Actively Supporting CCP
A recent photo of Hong Kong’s richest man Li Ka-shing receiving a Pfizer vaccine instead of a China-made vaccine has once again drawn attention to the relationship between Li and the Chinese Communist Party (CCP). On April 16, the Li Ka Shing Foundation posted a photo of Li receiving a CCP virus vaccine on its…
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