Why did the Li Ka-shing family sell assets in China and Hongkong?

Text /7 Hornbill Li Ka-shing plays a very important role in the economy of China and Hongkong. At that time, in the wave of emigration overseas induced by historical events such as the liberation of the Mainland and the return of/kloc-0 to China in 1997, Li Ka-shing absorbed Hong Kong assets at the bottom, which not only accumulated great wealth for the Li family, but also played a role of "anchoring the sea" to stabilize Hong Kong people's hearts.

In the late 1970s and early 1980s, when global capital was dubious about the sincerity of reform and opening up and the prospect of economic development in the Mainland, it was also Li Ka-shing's Hong Kong capital that took the lead in entering the Mainland to support its economic development. Of course, Li Ka-shing's help to the mainland was not in vain, so the Li family left many high-quality assets in the mainland, and Li Ka-shing and family fortune also expanded rapidly because they got on the train of the mainland's economic take-off.

Disturbingly,

On 20 13, Li Ka-shing or Li Zeju began to sell assets from China and Hong Kong.

According to Hong Kong's Ming Pao Daily News, "Following the auction of Baijia Supermarket, Li Ka-shing, Asia's richest man, listed flagship Cheung Kong Industries (000 1) and Hutchison Whampoa (00 13) once again sold their assets in China and Hong Kong. This time, the target is Duhui Plaza in Xicheng, Guangzhou, and Cheung Kong and Hutchison Whampoa will cash in about 30.3%.

1 100 million yuan, and the buyer is the offshore company GCREFAcquisitions 22 Limited. According to the background of Guangzhou real estate market, the cash income of 3 billion is almost the same as that of selling.

Don't the Li Ka-shing family love Chinese mainland and Hongkong? Not exactly.

The Li Ka-shing family's decision to sell assets between China and Hong Kong is based on the nature of businessmen earning the highest level of profits, and has nothing to do with patriotism.

This sell-off of the Li family is probably just a part of the Li family's grand strategy of "leaving Asia and entering Europe" in the century.

The European economic crisis that lasted for several years dragged European asset prices to the bottom. After the European crisis, the world's more acute capital vultures are circling around asset zombies to absorb profits. The Li Ka-shing family also took the opportunity to join the tide of global capital buying cheap assets in Europe, and seized the once-in-a-century opportunity to enter Europe at a low price.

The prolonged economic crisis in Europe has made local people lack sufficient strength and continue to hold local assets, which has created opportunities for people from other countries and regions. In the eyes of the Li Ka-shing family, in addition to the unprecedented cheap European assets, the local residents have a high level of civilization and the local government has a higher level of rule of law. There are not too many hidden rules to mess around, and you can get three advantages, such as permanent land ownership.

Compared with cheap and good European assets, after years of bubble growth, Chinese and Hong Kong assets began to expose some bad aspects.

The degree of asset price bubble in Hong Kong is no less than that of mainland assets. Moreover, in recent years, Hong Kong society is not peaceful, and various social movements are constantly on the verge of turmoil. The most disturbing thing for the Li Ka-shing family is that I don't know when the anti-capitalist tendency appeared in the public opinion in Hong Kong, and some media articles have repeatedly shown extremely unfriendly side to the Li Ka-shing family. The article "The City of the Li Family" written by a primary school student, which was hyped by some Hong Kong media, concentrated on the dissatisfaction of Hong Kong public opinion with the Li Ka-shing family.

The degree of asset price bubble in China mainland is well known to all capital participants in the world. Thanks to the support of local governments, major banks and grandchildren, the question is, how long can it last? In addition, the mainland land belongs to the state, and the mainland assets held by the Li Ka-shing family only have the right to use the land, and there is no land ownership, which is an asset with relatively incomplete property rights.

When the Li Ka-shing family entered the mainland, it was still in the early 1980s. At that time, there were still a few veteran cadres who criticized the land sales in coastal areas as "concession". At this time, the land use rights of individual mainland properties left by Li Ka-shing will expire soon. As the land use right is about to expire,

In 20 13, the house price in Chinese mainland reached a record high. Even if it rises again in the future, I'm afraid the space is limited. Selling mainland real estate for cash to buy European real estate is a rational choice that is more in line with the nature of businessmen.

The bankruptcy of Detroit in the United States is not only caused by a single aging industry, but also by the hatred of the left-leaning mainstream culture and public opinion against the rich capital class in the city, which led to the collective flight of the rich. Neither Hong Kong nor the mainland is Detroit, but we should learn from the painful lessons of the bankruptcy of old American cities, continue to deepen reforms, and create a more friendly business environment for new and old entrepreneurs, big entrepreneurs and small entrepreneurs. 20 13 August 30th