The first official disclosure by Li Ka-shing's business empire about its US$2 billion investment in the Beijing Oriental Plaza project was viewed yesterday by some analysts as underlining to Beijing and the business community his commitment to the mainland. Analysts said the release was made at a time when multinational investors were expressing growing concern about the financial health of state enterprises and the slowing mainland economy. The disclosure was partly aimed at showing support for Beijing and helping restore investor confidence, they said. 'The details announced [on Tuesday] were nothing new,' said Otto Wong, head of property research at Salomon Smith Barney. Mr Wong said the move appeared to be a signal to indicate his long-term commitment to the mainland's property market. Cheung Kong and Hutchison on Tuesday revealed for the first time details of the consortium shareholdings and the investment in the project - a shopping, serviced apartments, hotel and office complex on a prime site in Beijing's central Changan Avenue. They said the project investment reflected the shareholders' confidence in mainland economic growth. Cheung Kong and Hutchison said that together they held a 52 per cent stake in the development, while Bank of China Group Investment and China Insurance Group Investment had become shareholders in the consortium. Each held a 20 per cent stake, while Orient Overseas (International), owned by the family of SAR Chief Executive Tung Chee-hwa, owned 8 per cent. Dresdner Kleinwort Benson property analyst Terry Ip said he believed the timing of the announcement was simply in accordance with the project's launch schedule. Mr Ip said the project's phase one was almost completed and it was time to release more details to the market. ''I do not think there are other reasons behind the story,' he said. According to Cheung Kong and Hutchison, leasing activities for offices and the shopping centre have started and the topping-out work on the project's various buildings will be completed shortly.