Younger son of Hong Kong's Li Ka-shing invited to Beijing's key global business forum
Richard Li Tzar-kai, the younger son of Hong Kong's richest tycoon
Li Ka-shing , has been invited to the high-profile China Development Forum that started on Sunday in Beijing, according to the list of attendees seen by the Post.
Advertisement
The younger Li would be attending as a business representative in his capacity as founder of Pacific Century Group, a Hong Kong-based private investment conglomerate with interests in technology, media, financial services, infrastructure and property.
It is unclear whether he will participate in any panel discussion at the forum, which has brought together more than 80 top executives of global multinationals to Beijing for exchanges with Chinese officials.
The two-day annual forum is a chance for foreign business leaders and China's state officials to discuss the country's growth targets and associated action announced at the
'two sessions' earlier this month.
Also earlier this month, CK Hutchison Holdings, the port and infrastructure arm of Li Ka-shing's business empire, announced its decision to sell off global ports – including those in Panama – to a US consortium
led by investment firm BlackRock in a US$23 billion transaction.
Advertisement
This came after US President Donald Trump alleged that China had the vital Panama Canal under its control and vowed to restore American dominance there.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
an hour ago
- South China Morning Post
Hong Kong to allow drone trials with higher payloads to boost low-altitude economy
The Hong Kong government plans to permit more businesses to test higher-capacity aerial vehicles, aiming to boost the low-altitude economy and assess their impact on logistics efficiency and traffic, Deputy Financial Secretary Michael Wong Wai-lun said. Speaking to more than 100 government officials, company executives, venture capitalists and researchers at the International Automotive & Supply Chain Expo on Friday, he said losses were possible even though these drones are expected to create a global market worth several billion dollars in the next few years. 'Amendments to local laws and regulations to promote the development of the low-altitude economy are in the works,' he said. One of the key points of the amended laws would be to allow higher payloads, which would result in more such drones being allowed to operate, he added. The official did not say which types of flying vehicles would be given the go ahead as he promoted the low-altitude economy at the city's largest marquee event. 08:18 Flying taxis, airships and drones: the rise of China's low-altitude economy Flying taxis, airships and drones: the rise of China's low-altitude economy 'Some of the businesses will be highly successful after they are commercialised, while some will not,' Wong said. Hong Kong launched a sandbox project to support the low-altitude economy – businesses operating aerial vehicles below 1,000 metres – last November, which was aimed at testing airspace operations and infrastructure, as well as developing policies and regulatory guidelines for the so-called eVTOL (electric vertical take-off and landing) industry.
South China Morning Post
2 hours ago
- South China Morning Post
Hong Kong named third most Muslim-friendly non-Islamic travel destination
Hong Kong has been named the third most Muslim-friendly travel destination globally among non-Islamic economies, although some industry insiders believe there is still room for improvement in the city's efforts to attract more visitors. The Hong Kong Tourism Board said on Friday that the city had moved up one place to third in the Mastercard-CresentRating's 2025 Global Muslim Travel Index for destinations outside the Organisation of Islamic Cooperation. Hong Kong was also named 'Most Promising Muslim-friendly Destination of the Year' by the firm. CrescentRating, a Singapore-based research and consultancy firm specialising in the Muslim travel market, was commissioned by the Hong Kong Tourism Board last year to assess and rate the city's tourism facilities for their Muslim-friendliness. Chief Executive John Lee Ka-chiu said on social media that he was 'delighted' with the latest ranking. 'This international recognition fully affirms Hong Kong's efforts in promoting Halal tourism,' he said, highlighting how creating a more Muslim-friendly environment for travellers was part of last year's policy address.
South China Morning Post
2 hours ago
- South China Morning Post
Hong Kong urged to turn Hung Hom waterfront into city's answer to Cannes, Monaco
Hong Kong authorities have been urged to model the proposed Hung Hom waterfront project after Cannes and Monaco to help drive the city's mega-event economy, as some town planning advisers have questioned plans for more commercial facilities amid a high vacancy rate. Members of the Town Planning Board raised their concerns at the statutory body's meeting on Friday as the Development Bureau briefed advisers about its plan to turn 24 hectares (59 acres) in Hung Hom into a landmark waterfront featuring a yacht marina and a skyscraper. Roger Chan Chun-kwong, a board member and division head at the PolyU Hong Kong Community College, said the government could learn from overseas economies that hold mega-events along the harbourfront. 'We can try to explore and take reference from Cannes and Monaco in using their waters in organising some high-quality international mega-events. The harbourfront can serve as a catalyst to promote other developments in Hong Kong,' he said, citing the Cannes Film Festival and Formula One Monaco Grand Prix as examples. 'The government can be bolder and more creative to link up the harbourfront with existing and future activities so that Hong Kong can become a mega-event capital.' Member Kelly Chan Yuen-sau, who is an accountant by profession, added that the government could consider holding international dragon boat races in Hung Hom and organising regular shows as well as programmes in the area. Other members also suggested featuring more open space at the marina to hold exhibitions and events, and developing maintenance facilities for yachts, while ensuring public access to the venue.
