Hong Kong billionaire Li Ka-shing has defended his business strategy against accusations from China’s state media that he is abandoning investments in the world’s No. 2 economy because of its slowing growth
Hong Kong billionaire Li Ka-shing, who has rarely spoken to the media in recent years, gave an exclusive interview last month on his political opinions and a wide range of other topics to Chinese state mouthpiece Southern Metropolis Daily.
Hong Kong billionaire Li Ka-shing continues to withdraw investments rapidly from Hong Kong and China, selling up to HK$150 billion (US$19 billion) worth of assets in the past two months.
Hong Kong billionaire Li Ka-shing made a fortune investing in China. Over the last three years he has suddenly invested US$20 billion abroad, shifting his focus away from the People’s Republic of China.