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  • Dec 27, 2014
  • Updated: 10:02am

Li Ka-Shing

Often referred to as “Superman” in Hong Kong because of his business prowess, Li Ka-shing is the richest businessman in Asia, and chairs conglomerate Hutchison Whampoa and Cheung Kong Holdings, a property group. Li turned Cheung Kong Industries into a top property group, and Cheung Kong expanded to acquire Hutchison Whampoa in 1979 and Hongkong Electric in 1985. Li is a noted philanthropist and heads a charitable foundation that is a shareholder in Facebook.

NewsHong Kong

Li Ka-shing says 'loving the country' means being truthful and pragmatic

Tycoon believes pragmatism and making a contribution are also qualities that count most

PUBLISHED : Wednesday, 27 March, 2013, 12:00am
UPDATED : Wednesday, 27 March, 2013, 5:10am

Li Ka-shing yesterday defined "love of country" - the quality Beijing sees as essential for Hong Kong's next chief executive.

"[A person who] loves the country must tell the truth, be pragmatic and have contributed [to the country]," said Li, and that kind of person would be good for the country's development.

[A person who] loves the country must tell the truth, be pragmatic and have contributed [to the country]
Li Ka-shing

But Li refused to specifically say whether these should also be criteria for future candidates for Hong Kong's chief executive.

The remarks by the city's richest man came at a news conference announcing the financial results of his two flagship companies, Cheung Kong and Hutchison Whampoa.

On Sunday, Qiao Xiaoyang, chairman of the Law Committee under the National People's Congress, indicated at a closed-door seminar on the Basic Law, Hong Kong's mini-constitution, that, among other criteria, chief executive candidates must be persons who loved the country and loved Hong Kong.

Turning to the property market, Li predicted home prices in Hong Kong would stabilise, in view of possible double-digit increases in construction costs.

This, coupled with low interest rates and a favourable employment environment, would lend support to a stable property market. He recommended that home seekers buy now if they could afford to do so.

In view of current financial instability, Li said it was still fine to buy a flat for one's own use or for the next generation, provided buyers could afford it.

Li said Cheung Kong, which plans to put more than 5,200 flats up for sale in the city this year, was not pessimistic about the housing market.

He believed that the government's cooling measures were aimed at stabilising home prices.

Commenting on recent government interventions - from restrictions on carrying infant milk formula across the border to the property cooling measures - he said he would need more time to observe how well the interventions worked.

Li also said Cheung Kong's recent sale of units at its Apex Horizon hotel in Kwai Chung was lawful.

The company had not asked its staff to buy Apex units to support sales, he said.


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Putting Hong Kong real estates the most expensive in the world, and charging high rental in a highly monopolised property market, making life so unbearable for majority Hong Kongers - love? what love?
i vote for li ka shing to run the whole planet
To make the whole world being a property slave and being proud of it?
hard times !
This Old Hong Kong agrees with our Superman that a person who loves his /her country must tell the truth and nothing but the truth------and will never deteriorates to a shameless hacker by attacking other Comment writers here for their words uttered here, no matter how different their views are from one's. Right ? A pragmatic person will never be crazy / idiotic enough to send scam e-mails after 1:00 a.m. to other innocent and righteous people. Right ? How can we expect a nasty guy who is also a good-for-nothing hacker to contribute to his or her country ? Absolutely impossible ! Right ? Such evil-minded guy will not be welcomed by Karl Marx or Chaiman Mao too ! Right ?
Senility has set in and K S Li is yielding to romanticism. How many consistently truthful politicians are there? Over promising and not delivering is the bread and butter of populist candidates in democratic systems the world over while the despots in Beijing, of course, just lie at will.
oh no.. should reflect the kind of qualities that mainland leaders surely possess :)
property slave? you are one of the contributors together with millions of other hk people who own house. Are you willing to be the first to sell your house at half the market price?
hard times !
Loving one's country means to be truthful and pragmatic.Absolutely right ! In the past weeks, a nasty hacker ( regrettably a poor reader of this newspaper) has made every effort trying to make the computer of another Comment writer's break down by pretending to be the internet suppier: Nevigator-----since the writer has carelessly disclosed his e-mail address while posting his comments here. According to Li Ka-shing's words,this good-for-nothing, the most idiotic hacker in the world,does not love his /her mother country since he/she is not truthful---disguising as the geniune Nevigator eighth time to trick other internet users by tricks: click in a certian button---the worst trick indeed.Only idiots like him/her will be trciked.Meet Karl Marx the sooner the better, I advise this non-pragmatic hacker (who sent his/her scam e-mails twice after 1:00 a.m.---sleepless nights maybe since his/her tricks failed miserably for at least 8 times ! Hurray ! The evil can never win against the righteous which always wins and much more smarter than this idiotic fool ---stupid fool indeed ! ha ! ha !
OldPeak Toad
How come the two flagship companies of the world's richest man show such poor performance at the stockmarket?


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