Sou Hu Cai Jing·2025-07-12 03:10Core Insights - The article highlights the strategic asset liquidation by Li Ka-shing, a prominent businessman, as part of a broader global asset reallocation strategy [2][5][10] Group 1: Business Strategy - Li Ka-shing's business philosophy is centered around the cold balance of risk and profit, exemplified by his rapid divestments in response to market conditions, such as selling American ports to avoid trade war risks and liquidating European assets during the pandemic [2] - The sale of the "Yucui Garden" properties at a significant discount reflects a calculated move to quickly generate cash flow, with the properties sold at 76,000 yuan per square meter, a reduction of nearly 20,000 yuan from the original price [1][5] - Li's family wealth management strategy includes placing core equity in a trust fund to prevent fragmentation during inheritance, while his sons manage different aspects of the family business [2] Group 2: Market Impact - The rapid sale of "Yucui Garden" triggered a chain reaction in the real estate market, leading to a significant price drop in similar properties and causing other luxury projects in the area to halt sales for reevaluation [8][10] - The article notes a 43% decline in commercial real estate transaction volume in the Asia-Pacific region in Q1 2025, indicating a broader market retreat as major investment firms withdraw from the Chinese market [8][10] - Li's actions serve as a warning signal regarding market liquidity, suggesting that when major investors hoard cash, high-leverage assets become increasingly risky [10] Group 3: Financial Performance - The land for the "Yucui Garden" project was acquired in 2001 at a cost of 1,750 yuan per square meter, resulting in a profit margin exceeding 40 times even at the discounted sale price [6] - Li Ka-shing's historical strategy of selling assets at significant discounts has resulted in over 350 billion yuan in cash generation over 23 years, demonstrating a consistent approach to maximizing returns without holding out for the last penny [6]