Core Viewpoint - Li Ka-shing's rapid divestment of assets in China raises questions about his future strategies and the implications for the real estate market [5][11][52]. Group 1: Asset Divestment - In July, Li Ka-shing's Cheung Kong Group sold 400 residential units across four projects, with prices starting as low as 400,000 HKD, significantly lower than typical entry points in Hong Kong [6][7]. - The urgency of this asset liquidation during a market downturn has led to speculation about whether it indicates a strategic pivot or a retreat from the Chinese market [9][11]. - The media coverage surrounding Li Ka-shing has shifted from financial news to more sensational narratives, reflecting public concern over his asset withdrawal [9][10]. Group 2: Historical Context and Strategy - Li Ka-shing's past strategies involved acquiring land at low prices and delaying development to maximize profits, exemplified by the South City Hub project in Chengdu, where he profited nearly 10 billion HKD over 16 years [14][19][23]. - His approach of "holding land" has been replicated across various cities, leading to significant financial gains but also contributing to market imbalances and increased housing burdens for ordinary citizens [28][23]. - The shift in government policies post-2015 has increasingly scrutinized such practices, indicating a changing landscape for real estate investment in China [36][39]. Group 3: Broader Implications - The changing regulatory environment suggests that the era of easy profits from land speculation may be coming to an end, as the government emphasizes the need for balanced real estate development [38][39]. - Li Ka-shing's legacy as a businessman is being reevaluated in light of these changes, with a growing emphasis on sustainable and socially responsible investment practices [42][45]. - The international context, particularly the U.S.-China tensions, further complicates the landscape for investors like Li Ka-shing, who may need to adapt to new geopolitical realities [46][50].