Why does Li Ka-shing appeal to Hong Kong people not to speculate in property?

At the beginning of the new year, Li Ka-shing, a Hong Kong entrepreneur and chairman of the Department of Education, said that the United States is expected to raise interest rates two or three times this year, and Hong Kong will follow suit. He reiterated that Hong Kong people should not speculate in property, and if they can afford it, there is no problem living in their own house.

In his dinner speech, Li Ka-shing reminded us to be alert to all kinds of uncertainties. The main rhythm of 20 18 should be "development without forgetting stability" under the circumstances that the trend of low interest rate changes, trade confrontation appears and the innovation and scientific revolution rises. He also mentioned that the "Belt and Road" and "Greater Bay Area" strategies are beneficial to the overall economic development, and that Hong Kong "will definitely have organic sources".

Regarding the property market in Hong Kong, Li Ka-shing reiterated: "It is no problem to live in your own house and afford it. If you speculate in the property market, it will be bad. " . He mentioned that "nano-building" is also a problem of market supply and demand, and I believe that the related supply will increase in the future.

Last June, 5438+065438+ 10, Cheung Kong sold 75% ownership of its landmark commercial building "Central Center" for HK$ 40.2 billion, at the highest unit price of office buildings in Hong Kong. When asked whether the Hong Kong property would be sold again, Li Ka-shing responded that it would not be sold again for the time being, and stressed that the hotel was under construction and the shopping mall property was also under acquisition. I believe that this year's fixed income will reach a new high.

Li Ka-shing said that the Group's fixed income has made steady progress in the past year, and its fixed income business will become an "extremely important part" in the future, and it is confident that it will record substantial growth.

When talking about the recent hot-selling bitcoin, Li Ka-shing didn't respond positively whether he had invested, only said, "I am conservative, and [bitcoin] is definitely risky.".