What happened to Li Ka-shing's selling of 50 billion mainland assets?

On the afternoon of September 4th, Caixin reported that Li Ka-shing planned to sell two properties in Beijing and Shanghai, including the second phase of Beijing Yi Cuiyuan, which has been held for 20 years, with a corresponding value of 50 billion yuan. It is worth mentioning that the receiver is Li Ka-shing's long-term "partner"-Sunac Sun Hongbin.

For the Li Ka-shing family, this is not a "run", but a strategic sell-off. Selling Asian assets and buying European assets is a strategic policy that Li Ka-shing family has been insisting on for more than ten years.

Many people think that Li Ka-shing is still an old hand in investment. In fact, if Li Ka-shing has been selling mainland properties since 20 14, if it has not been sold, the appreciation of these properties has reached 1000 billion RMB.

Extended data

Li Ka-shing spent money to "buy more than half of Britain";

In fact, the layout of Li Ka-shing in Europe has already begun. Take Britain as an example, from real estate to ports, from natural gas to Watsons, Li Ka-shing's investment tentacles extend to almost every field in Britain.

According to the data, as early as 20 16, 56% of Li Ka-shing's investment was in Europe, of which Britain was the most important country, accounting for about 37%. Therefore, it is not groundless for some media to say that Li Ka-shing "bought more than half of Britain".

At present, the business of Li Ka-shing Changhe Group is divided into five major sectors: port and related services, retail, infrastructure and energy. Cheung Kong Industrial Group covers all property development, property investment, property management and related financial services owned by Lee, and its income mainly comes from Chinese mainland and Hongkong.

At this stage, the domestic property market is regulated by policies, and Li Ka-shing doesn't want to take the risk of holding a large number of properties, so it is normal for him to decide to sell "surplus" assets.