Latest news with #PacificCenturyGroup
South China Morning Post
26-03-2025
- Business
- South China Morning Post
Panama ports deal: eyebrows raised over Hong Kong's Richard Li in Beijing, observers say
The appearance of the younger son of Hong Kong billionaire Li Ka-shing at a high-profile summit in Beijing on the weekend caused a stir in business circles given how the central government had signalled its displeasure over the sale of Panama Canal ports controlled by his family's conglomerate, observers have said. Advertisement Richard Li Tzar-kai was among 93 people who appeared in a group photo with Chinese Premier Li Qiang at the China Development Forum on Sunday in Beijing. His father and his elder brother, Victor Li Tzar-kuoi, were absent. Standing in the last row, the younger brother was sporting his usual round, black-framed glasses. He attended 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. Lau Siu-kai, a consultant to the semi-official Chinese Association of Hong Kong and Macau Studies think tank, said on Tuesday that Beijing recognised that the brothers had been involved in separate business ventures for a long time. Advertisement 'Richard Li is not involved in the sale of piers by Hutchison and he is a tycoon in his own right,' Lau said. 'Besides, Beijing has not issued any official statement against Hutchison or Li Ka-shing.'
Bloomberg
23-03-2025
- Business
- Bloomberg
Li Ka-shing's Son Invited to China Forum Amid Panama Port Deal
Richard Li, a son of Hong Kong billionaire Li Ka-shing, is invited to a high-profile forum in Beijing, in the midst of the escalating pressure concerning the sale of CK Hutchison's Panama port operations. Richard Li is invited as a founder of Pacific Century Group to the China Development Forum organized by the Development Research Center of the State Council, according to a list of representatives. The forum is held from Sunday to Monday, with the country's top leaders including Premier Li Qiang in attendance.
South China Morning Post
23-03-2025
- Business
- South China Morning Post
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.
