Pursuits
Li Ka-shing Says Hong Kong May Lose Out to Shanghai
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Li Ka-shing, Asia’s richest man, said Hong Kong needs to raise its competitiveness if it wants to avoid losing out to Shanghai, where China is setting up a free trade zone, Radio Television Hong Kong reported.
Li, the 85-year-old chairman of Hong Kong-based Cheung Kong Holdings Ltd. and Hutchison Whampoa Ltd., said the Shanghai free trade zone “will affect Hong Kong heavily,” RTHK reported on its website, citing comments Li made at a briefing yesterday.