[NTDTV, Beijing time, May 08, 2022]Hutchison Whampoa, a subsidiary of Hong Kong’s richest man Li Ka-shing, recently participated in a land auction in Guangzhou. This is Li Ka-shing’s return to the Chinese real estate market after a lapse of nearly 10 years, which has aroused public attention. Analysts believe that under the strong supervision of the Chinese Communist Party in recent years, the mainland’s housing market has been bleak and land prices have plummeted. Maybe Li Ka-shing saw a business opportunity.
According to media reports in mainland China such as the Financial Associated Press and the Red Star Capital Bureau, the official website of the Guangzhou Public Resources Trading Center shows that Hutchison Whampoa was listed on the morning of April 30 at a price of 2.364 billion yuan. A piece of popular land on the east side was auctioned, and 9 other real estate companies participated in the bidding.
Until May 5, after multiple rounds of bidding, Hutchison Whampoa did not participate in the subsequent limited-time bidding, and finally did not win the land.
Although Hutchison Whampoa failed to successfully buy the land, it was nearly 10 years later that Hutchison Whampoa, a subsidiary of Li Ka-shing, once again returned to the mainland Chinese market to participate in land auctions.
According to public information, the last time Hutchison Whampoa acquired land in the mainland was on December 4, 2012. Since then, mainland Chinese assets have been sold on a large scale, and Chinese mainland media have even repeatedly reported that Li Ka-shing “runs away”.
According to statistics, after Xi Jinping came to power in 2013, Li Ka-shing had sold 90% of Chinese real estate, and then began to expand overseas, investing most of his assets in British water conservancy, electricity, telecommunications and other public utilities. About 2,666.6 billion yuan), British media said that Li Ka-shing “bought half of the UK”.
After nearly 10 years of frantically selling Chinese real estate, the Li Ka-shing Group quietly appeared in the Chinese land auction market this time. Although it only participated in one auction, no further action was taken. But what kind of signal the Li Group released has attracted the attention of the industry.
Some analysts believe that Li Ka-shing’s participation in the Guangzhou land market auction does not rule out the possibility of testing the market.
Under the strong supervision of the Chinese Communist Party in recent years, Evergrande and other mainland Chinese real estate giants have collapsed one after another, resulting in a sharp freeze in the housing market and a sharp drop in land prices, but the market still does not improve. This may allow Li Ka-shing, who has always had a keen sense of smell, to see the business opportunity of “hoarding land”.
Netizen Gu Feng tweeted and analyzed that Li Ka-shing is not only a big businessman with hands and eyes, but also a super politician. He dares to eat “returning grass”, which is definitely not a good business environment in the mainland. This is by no means just copying the economic bottom line, but more importantly, copying Xi Jinping’s political bottom line – either you receive intelligence, or you can see through China’s political situation with your own unique and sharp eyes. . . .
Some netizens also analyzed that Li Ka-shing’s return to the mainland real estate market may be “invited (special conditions) or threatened. Then use the attitude of bottom-hunting to “demonstrate”, both parties have face, otherwise the assets of Li’s father and son in Hong Kong will fly away at any time. Exterminate!”
(Editor in charge: Wen Hui)
URL of this article: http://cn.ntdtv.com/gb/2022/05/08/a103420843.html