Hong Kong tycoon rejects claims about divestment from mainland
Updated: 2015-09-30 06:47
(China Daily)
|
|||||||||||
Li Ka-shing, Hong Kong tycoon |
Li Ka-shing, Asia's richest man, voiced support for President Xi Jinping on Tuesday, as the Hong Kong tycoon rejected claims he was divesting assets from the mainland and turning his back on it.
Li overhauled his business empire in January to create two listed companies-one focused on property and the other on telecoms. This saw a shift in the incorporated base of his two main firms to the Cayman Islands from Hong Kong, fueling speculation the tycoon was pulling out of the mainland.
In an e-mailed news release sent on Tuesday, Li said he resolutely supported China's path to reform and opening-up.
"Li has great confidence in China and greatly admires Xi's leadership style," the statement said. It cited billions of dollars spent by Li and his family in China for education, innovation and medicinal research purposes.
Li's family sold more than $2 billion worth of assets in the mainland last year, including property in Shanghai, Nanjing and Beijing.
In January, news of Li's business overhaul was followed by three overseas bids, including $15.4 billion for British telecom company O2, which is owned by Spain's Telefonica SA.
Related Stories
Needless fuss over tycoon 2015-09-16 09:48
Internationalization, a key factor for HK tycoon's sell-offs 2015-08-04 16:40
Real estate tycoon enters Taicang market 2015-06-25 14:19
Tycoon Zeman banks on a miracle to get electoral reform passed 2015-06-18 08:26
Tycoon Li sells utilities stake to Qatar 2015-06-10 07:41
Today's Top News
Russia starts airstrikes against terrorists in Syria
Li: China will meet main goals
Xi celebrates National Day with ethnic representatives
China marks Martyrs' Day at Tian'anmen Square
Ten industries prioritized for upgrading manufacturing ability
Hong Kong tycoon rejects claims about divestment from mainland
Beijing tops China's hourly minimum wage
Obama, Putin meet at UN on Syria, Ukraine
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Xi will get a bigger welcome in UK |
Stepping up |
Rural families still hope for male heirs |
Blue skies over Beijing ... for now |
V-Day parade for 70th WWII anniversary |
Tianjin blasts: Death, damage and bravery |