USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / Society

    Chinese tycoons say Li Ka-shing's selling not pull-out signal

    Xinhua | Updated: 2013-09-26 20:15

    CHENGDU - Asia's richest man Li Ka-shing's recent sales of some his Chinese properties prompted jitters that other investors may pull out their money from China. However, several prominent overseas Chinese billionaires say they don't take Li's move as a warning and that they will invest more in China.

    It has been reported that Li, a Hong Kong business mogul, sold a shopping plaza in Guangzhou and planned to cash in an office building in Shanghai. Li, the eighth richest person in the world on the Forbes list, could also possibly offload his ParknShop, a Hong Kong-based grocery chain.

    Wang Shi, a real-estate tycoon in the Chinese mainland, warned that the decision by Li to sell was a signal to be wary.

    However, Dhanin Chearavanont, a Thai Chinese and the 58th richest person in the world, said Li's selling was more of a usual practice. "I don't think he's exiting [China]," said the 74-year-old chairman of Charoen Pokphand Group on Thursday. "No matter which country chairman Li's investment is in, he sells if he becomes satisfied."

    "I am enhancing my investments," Dhanin told Xinhua. "I visit China frequently. I first came to China 33 years ago, much earlier than he did. I'm very aware."

    Dhanin's CP Group has invested nearly 6 billion U.S. dollars in China and built strong connections in business. His investments involved agriculture, retailing and real estate, including a 10-story shopping mall at the center of Shanghai's Lujiazui, China's Wall Street.

    Dhanin's company last December paid HSBC about 9.4 billion U.S. dollars to buy a 15.6 percent stake in Ping'an, China's biggest private insurer.

    "My purchase of Ping'an is a solid fact demonstrating my full confidence in the Chinese economy's future," Dhanin said. "The fortune of China remains good."

    The economic slowdown, overcapacity and exposed financial risks like mounting government debt and runaway shadow banking prompted China bears to warn of a hard-landing and the popping of real estate bubbles.

    But in the last two months, manufacturing and investment have recovered, reassuring the market that the country's official growth target of 7.5 percent will be achieved.

    Mochtar Riady, a Chinese Indonesian financial magnate in Southeast Asia, said the Chinese economy is still moving upward and there are opportunities to invest. Riady said Li's selling was not a signal for others to pull out money.

    Riady's Lippo Group has developed real estate projects across China, including a plaza towering on the core section of Huaihai Road, Shanghai's Fifth Avenue. Lippo owns and operates hotels, office buildings and shopping malls in cities including Beijing, Shanghai, Chengdu and Haikou.

    "I am fully confident in China's economic growth," Riady added, saying the country's real estate prices will continue rising. The 84-year-old billionaire said the net worth of Xu Rongmao, a real-estate tycoon developing high-end properties in the mainland, would grow 10 times in 10 years.

    Thomas Chua Kee Seng, president of Singapore Chinese Chamber of Commerce and Industry, does not regard Li's selling a signal that Asia's richest man has lost confidence in the region or an industry.

    "With his powerful capital, Li can do things that others can't. Many things are cheap in Europe. Why can't he transfer some money to Europe and later invest the money he earns in China?" Chua said.

    "Our confidence of investing in China has never dwindled," Chua added. "Certainly, every enterprise needs to consider the risks they can take." ? ?

    Li, chairman of Cheung Kong and Hutchison Whampoa, told Hong Kong press last week that his flagship companies would not pull their assets out. "After many years Cheung Kong and Hutchison will still be here," South China Morning Post quoted Li as saying.

    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
     
    久久久久亚洲AV无码专区首JN | 精品无码一区二区三区在线| 国产成人无码a区在线视频| 中文字幕无码高清晰 | 无码人妻AⅤ一区二区三区| 中文字幕日韩欧美一区二区三区| 粉嫩高中生无码视频在线观看| 97无码人妻福利免费公开在线视频| 人妻少妇精品中文字幕AV| 无码AV动漫精品一区二区免费| 无码137片内射在线影院| 熟妇人妻系列av无码一区二区| 精品久久久久久中文字幕人妻最新| 成人午夜福利免费无码视频| 高潮潮喷奶水飞溅视频无码| www无码乱伦| 人妻av无码一区二区三区| 野花在线无码视频在线播放| 一二三四在线播放免费观看中文版视频| 精品久久久无码人妻中文字幕 | 狠狠躁天天躁无码中文字幕| 中文字幕无码AV波多野吉衣| 亚洲色无码播放| 无码人妻少妇久久中文字幕| 韩国三级中文字幕hd久久精品| 人妻少妇精品中文字幕av蜜桃| 中文午夜乱理片无码| 亚洲国产精品无码中文字| 高清无码中文字幕在线观看视频| 999久久久无码国产精品| 99久久无码一区人妻| 国产高清无码毛片| 久久亚洲av无码精品浪潮| 久久久久无码中| 亚洲区日韩区无码区| 精品久久久无码人妻中文字幕| 少妇人妻88久久中文字幕| 91中文字幕在线观看| 欧美日韩国产中文字幕| 欧美日韩不卡一区二区三区中文字| 亚洲中文无韩国r级电影|