Li Ka-shing is in trouble! Cash out 200 billion yuan, short the mainland, and now the company's profit has fallen by 60%! As a well-known rich man in Hong Kong, Li Ka-shing's history of struggle and wealth are all topics of discussion, but since 2013, Li Ka-shing has been crazy to short Chinese mainland, cash out more than 200 billion yuan, and high-profile investment in London, which has greatly reduced Li Ka-shing's position in the hearts of the Chinese people.
Since 2013, Li Ka-shing's company has repeatedly sold asset projects in the mainland, selling projects in Guangzhou, Shanghai, Beijing and other regions, a total of more than 200 billion yuan cashed out, after 7 years, Li Ka-shing has not stopped the pace of his asset movement, and recently sold the Chengdu "Land King" project again, nanduhui project as a price of about 7.1 billion yuan, is expected to make a profit of about 3.4 billion yuan, and these cashed out money will be used for investment in London.
Because of the lack of optimism about the economic development of Chinese mainland and Hong Kong, Li Ka-shing has invested nearly 400 billion Hong Kong dollars in the Uk over the years, mainly investing in the construction of people's livelihood projects such as electricity, water conservancy projects, natural gas and other livelihood projects in the UK, many people say that Li Ka-shing wants to buy most of the UK, but Li Ka-shing's investment in the UK is not smooth, especially during the epidemic period, due to the sharp decline in the British stock market, Li Ka-shing lost 100 billion Hong Kong dollars in half a year, and his net worth also shrank significantly.
The bigger trouble is that according to the semi-annual report released by Cheung Kong Industrial, the profit in the first half of 2020 plummeted by 60% compared with last year, and some netizens pointed out that this is the retribution that Li Ka-shing withdrew all funds and invested in the Uk, due to the lack of financial support of Cheung Kong Industrial and Hutchison Whampoa, it lost in the competition, and the final result was a 60% plunge in profits.
In recent years, Li Ka-shing has repeatedly wanted to return to Chinese mainland, but it did not go well, and in the case of unsuccessful investment in the United Kingdom and setbacks in Hong Kong's local operations, he had to choose to continue to cash out the project and move the funds back to Hong Kong. In fact, Li Ka-shing's main wealth is earned in China, and his best method is to "dump the land" to earn huge wealth, and these wealths do not continue to invest in the country, but choose to invest in the United Kingdom or other European countries, which is really regrettable.
In the process of Wealth Accumulation of Li Ka-shing, "buy low and sell high" is the most classic approach, in the 90s, Li Ka-shing bought a lot of land in China, but the development cycle is unusually long, like Chengdu's Nancheng Duhui Project, it has been developed for 16 years, there are still projects that have not been sold, but relying on the dividends brought by land appreciation, Li Ka-shing can also make rich profits from it. Buy low and sell high, which makes Li Ka-shing suspected of "speculating on the land", in fact, Li Ka-shing is not the first to play this way, many real estate bigwigs are playing this way.
So, is it wise for Li Ka-shing to choose to put all his wealth in Britain? Let's take a look at the performance of the United Kingdom during the epidemic, due to the epidemic raging around the world, even the United Kingdom has not been spared, there have been various problems recently, on March 5, due to the continuous impact of the epidemic, a British airline suddenly stopped operating, the stock market also plummeted, the market value of British companies shrank by 200 billion pounds in one week, and many shareholders were lost.
If the UK continues to do nothing, then a large number of British enterprises will face the situation of bankruptcy and bankruptcy, which is undoubtedly a very huge blow to the UK, and for Li Ka-shing, the blow may be even greater, which means that the money invested has not yet been harvested, and it will be adrift.
At present, Li Ka-shing can be said to have controlled "half of the Uk", controlling 30% of the natural gas market, more than 40% of the telecommunications market, more than 20% of the electricity market, more than 30% of the docks, almost the people's livelihood economy is in the hands of Li Ka-shing. Logically, investing so much money should be a big return, but since brexit, Li Ka-shing's investment in the UK has ushered in a crisis.
In the year of confusion, Li Ka-shing also encountered unprecedented challenges, not only failed to invest in the Uk, but even the local business in Hong Kong to suffer setbacks, in the case of Investment in the UK, the profits of local companies plummeted by 60%, how should Li Ka-shing face it?