Know something: Li Ka Shing mainland wealth Code: Wu pan

 Know something: Li Ka Shing mainland wealth Code: Wu pan

They understand that this relationship is an opportunity for decades to come. Li Ka Shings feelings are particularly deep. His several big moves in Hong Kong are almost all related to the mainland. At the end of the 1960s, there was a wave of immigration to Hong Kong from the mainland. Li Ka Shing took the opportunity to purchase cheap real estate. Later, the house price rose, and he became one of the four major real estate families. In the late 1970s, Chinese capitalists began to rise, and the confidence of British consortia was shaken. Li Ka Shing bought Hutchison Whampoa, a century old foreign bank, which was famous in Xiangjiang. At the height of his career, he saw the second spring of his career in the mainland.

In 1979, the State Council approved the Hong Kong Investment Promotion Bureau to establish the first export processing industrial zone in Shekou. Hong Kong Merchants Group is not a Hong Kong funded enterprise, but a low-key state-owned enterprise. During the development of the project, a group of Hong Kong tycoons were invited to visit Shekou. Li Jiacheng is the youngest and most active one among Huo Yingdong and Bao Yugang. He boldly proposed whether Hong Kong businessmen could participate in the construction of Shekou. The person in charge of the project laughed and prevaricated. Behind the laughter, it is revealed that at the beginning of the reform and opening up, Shenzhen people were still very cautious and not so bold.

Hong Kong businessmen can see clearly that both sides are trying. Therefore, most of Hong Kong businessmens investment in the mainland is focused on public welfare: run run run built a teaching building, Bao Yugang built a swimming pool, and Huo Yingdong built a hotel. In addition, under the leadership of Hu Yingxiang, Li Jiacheng, Zheng Yutong, Li Zhaoji and Chen Qizong have jointly invested 1 billion yuan to build the first five-star hotel in Guangdong, China hotel. After ten years of operation, they handed it over to the state.

At this time, Li Jiacheng returned to his hometown after 39 years absence, and donated to build Shantou University and affiliated hospital. When Shantou University was completed in 1984, Li Jiacheng was met and highly affirmed by the central leadership. It was also in this year that China and the UK issued a joint statement, in which Li Ka Shing actively drew closer and supported the return of Hong Kong and one country, two systems. At the same time, he made a high-profile investment in CITIC Trust and took the opportunity to purchase British funded Hongkong Electric.

In 1992, it became a top priority to make clear the goal and grasp the direction. The idea of taking economic construction as the center needs to be stabilized and strengthened. Therefore, the 14th National Congress established the new national strategy of building a socialist market economic system.

At this time, Li Jiacheng also began to attack the mainland bravely. For example, we have developed a 500000 square meter commercial and residential building in Shantou, Shantous first city; in Guangzhou, we are preparing to build the highest skyscraper, the international financial center; in Fuzhou, we have rebuilt the three lanes and Seven Alleys of the whole old city; in Shanghai, we have invested in the construction of Jinshan standard container terminal and international deepwater port wharf; in Beijing, we have invested in the world famous project of Shunyi central villa district.

Compared with Yantian port, Li Ka Shings most influential investment at that time was Beijing Oriental Plaza. This is a treasure land, located north of Changan Street, east of the Palace Museum, between Wangfujing and Dongdan. Li Jiacheng will invest 10 billion yuan to build the largest building complex in Asia. However, he soon encountered planning, approval and other issues. First of all, 14 academicians jointly objected, on the grounds of destroying the urban planning; secondly, the planned building is more than 80 meters high, but the height of Beijings old city is limited to 45 meters; in addition, more than a dozen institutions and units, more than 1800 households and some cultural relics need to be removed.

Therefore, during the construction process of the Oriental Plaza, the planning has been changed several times, such as reducing the height of phase I to phase III to 48m, 58m and 68m, and at the same time, the total investment has increased to 20 billion yuan, and the construction period has also lasted for 10 years. After it was completed in 2004, it has rapidly become a complex with the highest total rental income in the mainland. Although Li Jiacheng only got the right to collect rent, he also made a lot of money.

Investment in hometown is a normal operation, which is good for both sides. However, in order to avoid suspicion, Li Jiacheng has publicly said that he does not make any investment in Chaoshan area and does not want to earn money from his hometown. But after 1992, he suddenly began to invest intensively in Chaoshan area, including expressways, container terminals, Gulf bridges, housing projects, power plants and so on.

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Know something: Li Ka Shing mainland wealth Code: Wu pan (source: observer website)

The most controversial issue of Li Jiacheng is to cover the plate, and a large number of land acquisition in the 1990s is the basis of his covering the plate. In 1997, Li Ka Shings total investment in the mainland reached 50 billion Hong Kong dollars, including real estate, port, transportation, finance, energy, communication, etc. In addition, he has donated more than HK $2.3 billion to health care, education, public welfare institutions and the community.

He quickened the pace of land acquisition. With the support of policies from all over the country, he took the core areas of many cities at a low price. In order to maximize profits, he introduced the pre-sale system and public share area into the mainland, and at the same time, he covered the market in a large area. The game is also very simple: low price land, slow development, waiting for appreciation, selling profit.

The yutianxia villa group project in Beijing is a classic case. As early as 1993, Li Jiachengs Changshi group won the project, with a floor unit price of 2000 yuan. This place is outside the Fifth Ring Road of Northeast China, close to the airport, and has great potential for appreciation. The first phase of the project has been developed for 15 years, and the rest is divided into three phases. Until 2018, the project will be completed with a total area of 800000 square meters. After 25 years of development, the housing price of the project has also risen to 40000, an appreciation of 20 times.

After the test of time, Li Jiachengs Wu pan wealth code gradually known, and attracted the attention of the high-level. In 2004, the Ministry of land and resources issued a document, starting from August 31 of that year, all commercial land should be sold through public bidding. To some extent, this can avoid real estate developers taking advantage of the relationship between government and business to privately acquire land. On the last day of the 8.31 deadline, Li Jiacheng took two plots of yaojiayuan in Chaoyang District of Beijing. Later, he plans to complete the development by the end of 2021. In other words, the project will take 17 years to develop.

If we want to sell through public bidding, the impact on Li Jiacheng is not big. On the contrary, with abundant capital, he took a large amount of land in the whole country.

In 2005, Li Ka Shing got the most land in China. Among them, Changshi defeated Sun Hung Kai and won half of the development rights at the price of 3.2 billion yuan when bidding for the land cover of Century Avenue in Pudong, the only big four line transfer station in Shanghai. The development of this project lasted 11 years and was finally completed in 2016, named Century Plaza. Subsequently, Li Ka Shing quickly changed hands and sold 20 billion yuan to China Life Insurance. After subtracting the cost, he made a net profit of more than 10 billion.

In addition to Century Plaza, Li Ka Shing has done the same thing in many projects in Shanghai, such as Zhenru City sub center project, which took land for 13 years to open; Gubei New District project, which took land for 7 years; and century Shenghui Plaza, which has not been used for 15 years.

Similar cases are common in other provinces and cities in China, such as the Heizuizi project in Xigang, Dalian, which has changed hands for 8 years; Chengdu Nancheng Duhui project, which has changed hands for 16 years; Guangzhou Xicheng Duhui project, which took land for at least 10 years to open. Among them, the Haiyi Haoting project in Dongguan has not been completed for 21 years. The local government has fined Li Ka Shing 80 million yuan of land idle fee, and the development speed has not improved at all.

Research shows that Li Ka Shings real estate development cycle is at least 7 years. The local government originally hoped to introduce his capital to promote the development of the surrounding areas and promote the economic development. Unexpectedly, he made his own plans. When the surrounding supporting facilities were developed and the real estate appreciated, the construction would start. We dont produce real estate. Were just custodians of the land.

Is there no legal regulation for such unscrupulous land hoarding? As early as 1999, the Ministry of land and resources adopted a method, stipulating that land idle for more than two years will be recovered by the relevant departments. However, there is no definite time limit for the progress after the commencement.

After nearly 20 years of hoarding land in the mainland, Changshis revenue share in the mainland has increased to half in 2013. However, Li Jiacheng was a little flustered and sold the core assets of Changshi and Hehuang successively, including Guangzhou Xicheng Dushui Plaza, Shanghai Lujiazui Dongfang Huijing center, Nanjing International Financial Center building, Tianshui weijiahu Ginza mall and Baijia supermarket in Hong Kong And power industry, with an amount of nearly 50 billion Hong Kong dollars.

There is a lot of speculation among the people. Some people say that he is trying to avoid taxes, some say he is trying to bypass regulation, and others say that he is preparing for family succession. Some people even said that Li Jiacheng was taking a detour to Europe, waiting for an opportunity to return to the mainland. Seeing that the public opinion environment is very unfavorable, Li Jiacheng clarified it. He said that he was patriotic and loved Hong Kong. His company was buying and selling. He would never move its registered place to another place. He believed that he would still stand in Hong Kong after many years.

But his selling never stopped. In 2014, he successively sold off Beijing Yingke center, Shanghai Shengbang international building, Chongqing metropolitan, as well as a large number of shares of Watsons, Hutchison land and Asian container terminals in Hong Kong. From 2013 to 2019, Li Ka Shing sold more than 20 assets in the mainland and Hong Kong, most of which were real estate. The amount was billions or tens of billions at a small amount, and nearly 200 billion in cash.

In 2015, he reneged on his promise again and announced the reorganization of Changshi and Hehuang, the new establishment of Yangtze River Hutchison and Yangtze River industry, and the selection of British Cayman Islands as the registration place. Then, through a series of large-scale assets transfer, he finally completed the relocation of more than 10 listed companies. The Caymans are the worlds fourth largest offshore financial center and a well-known tax haven.

So, where is the large withdrawal? Mainly in the UK. Li Ka Shing has been increasing investment in the UK long before selling assets in the mainland and Hong Kong. Since 2010, the Li family has invested nearly HK $400 billion in the UK, controlling about 1 / 4 of the UKs electricity, 30% of the natural gas supply, 7% of the water supply and 40% of the telecom market. In addition, there are more than 30% docks in the UK and more than 500000 square meters of land resources.

In addition to the UK, Li Ka Shing also acquired a large number of energy companies in Canada, the Netherlands, Portugal, Australia and New Zealand, covering waste conversion, wind power generation, oil pipeline, natural gas, heating and cooling, involving an amount of more than HK $150 billion. In addition, he has invested in American Internet companies, such as Facebook and airbnb.

To enter the European and American markets, Li Jiacheng still uses his most skillful seizing the opportunity to copy the bottom. After the financial crisis in 2008, the assets of European and American enterprises have shrunk dramatically. He realized that this was the time to launch the merger and acquisition, so he took the time to lay out. In addition, the brexit of the UK has led to poor economic prospects. Li Ka Shings bargain buying infrastructure projects is also a big gamble. Most of these investments have been successful, but some have failed.

After nearly ten years of development, Changhe systems global business has undergone a great transfer. In 2018, half of Changhes sales came from Europe, with the UK accounting for 16%. In addition, Canada accounts for 11%, and less than one tenth of mainland China and Hong Kong. However, Li Ka Shing still has a lot of land in China. In 2018, Changshis land reserve was 11.5 million square meters, of which the mainland accounted for 90%.

In recent years, Li Jiacheng ran away has been said. In response, he has publicly responded: I am not a moralist or educator, let alone a schemer or politician. I am just a businessman. Normal business is not subject to political choice, but a relatively pure economic consideration. He also stressed that if there is a normal political atmosphere and a good business environment, there will be no problem of who can not run.

In general, people expect people of this magnitude to take on more social responsibilities, such as taking into account peoples livelihood, doing more good deeds, and even contributing to local stability. But Li Ka Shings attitude is also very clear, willing to admit that he is a thorough pragmatist, buy low and sell high, and use various rules to make himself strong in business.

In addition, he is not very concerned about the expectations of the outside world. He even takes the initiative to peel off those labels. If someone has to add them to him, it is wishful thinking in his eyes. He is willing to become the capital himself. Appreciation is his only purpose and mission. The others are unimportant and can be ignored. This is why when he said the picking melon theory, the outside public opinion was so strong, but he could still deal with it calmly.

Some people say that his divestment is because he has no confidence in the mainland economy. However, on the whole, the mainland of China is still the strongest engine in the world, not only a profit market, but also a strategic market. I think other capitals have made a different choice from Li Ka Shing.

Li Ka Shings two episodes, here we are finished. I hope you can give me a compliment.

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