Li Ka-Shing Says China Has His Confidence in Public Rebuttal
- Li is confident in China's unswerving committment to reform
- Tycoon has 20 million square meters of land under development
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Li Ka-shing expressed his full confidence in China on Tuesday, issuing for the first time a three-page rebuttal to reports that Hong Kong’s richest man is selling out of the world’s second-largest economy.
Accusations that he’s pulling investments from the country are “completely untrue,” he said in a statement issued by his companies. The property and telecommunications billionaire was responding to reports he’s reducing holdings in a nation facing its slowest pace of growth in 25 years.