Why did Li Ka-shing sell its assets in Chinese mainland again?

20 13-09-0 1 Li Ka-shing Li Ka-shing, Asia's richest man in Guangzhou Xicheng Duhui Plaza, recently sold off mainland assets continuously. Recently, it was announced that China Baijia Supermarket would be sold. Later, it was reported that it planned to sell the commercial building in Lujiazui, Shanghai. Today, it was announced again that 50% shares (about 2.578 billion yuan) of Guangzhou Xicheng Duhui Plaza held by Hutchison Whampoa and Cheung Kong Industries will be sold. Some analysts believe that this is related to the economic downturn in China and the bursting of the real estate bubble sooner or later. Old boys has a good sense of smell, and his hands and eyes reach into the sky ~ According to Southern Metropolis Daily, Duhui Square in Guangzhou Xicheng is a large comprehensive shopping mall, covering an area of about 7 1 000 square meters, with a total construction area of 88,000 square meters and four floors. However, Xicheng Duhui, which opened at the end of last year, has been in operation for more than half a year. In addition to connecting the first and second floors of the subway, many pavements on the second and third floors are still empty. The target property for sale this time also includes all parking lots and elderly activity centers on the ground floor of Duhui Plaza in Xicheng. Recently, Li Ka-shing has continuously sold off mainland assets, and has frequently invested in the European market in recent years. Two months ago, Hutchison Whampoa spent 1 1 billion dollars to acquire Telefó nica's subsidiary in Ireland. Data show that in the past three years, Li Ka-shing has allocated more than HK$ 654.38+06 billion to purchase assets overseas, mostly in Europe and Canada. China Economic and Trade Research Association believes that China's economic recession is one of the reasons for Li Ka-shing's overseas investment. The economic growth rate of 40 high-income countries in Britain and America is generally 2%, which is very high. China's current rate is 7%, which is also the highest stage among China countries. If you are an investor, it is normal to make moves at the highest stage. If we consider the danger of economic downturn, it will always be much higher than selling after the downturn. Another reason for Li Ka-shing's investment center to move westward is that RMB is not recognized internationally. International currencies such as the US dollar and euro are not compatible with RMB. The market share of RMB in the world is very low. At present, RMB only accounts for 0.8%, less than 1%, while USD exceeds 63% and Euro accounts for about 26%. Therefore, it is definitely slim to run international affairs with RMB. Moving to Europe, Canada or the United States is the general trend. -Li Ka-shing's investment in Hong Kong is profitable under the legal conditions in Hong Kong, but its investment in Shanghai and Chinese mainland depends entirely on preferential policies. For example, Li Ka-shing can't compete with Zhou Zhengyi, the former richest man in Shanghai, for the "East Eight Blocks" located in the northeast of Jing 'an District in Shanghai. -This top businessman has the highest sense of political and economic smell. Old boys should have predicted the future political and economic trend of China: the avalanche of China real estate bubble is coming. . .