Date
22 October 2017
Li Ka-shing has declined to comment in detail on political issues, but said he is disappointed over the veto of the government's electoral reform bill. Photo: RTHK
Li Ka-shing has declined to comment in detail on political issues, but said he is disappointed over the veto of the government's electoral reform bill. Photo: RTHK

Li Ka-shing ‘very disappointed’ with electoral reform bill veto

Tycoon Li Ka-shing said on Tuesday that he is “very disappointed” with the failure of the Hong Kong government’s electoral reform bill in the legislature last week. 

Talking to reporters following a shareholders’ meeting of his group flagship CK Hutchison Holdings, Li made it clear that he is not happy that the political reform plan was voted down by lawmakers.

When asked who he thinks should shoulder the biggest responsibility for the failure of the plan related to the chief executive election, Li declined to identify anyone, RTHK reported.

However, he pointed out that “everyone in Hong Kong is discussing” the issue. 

Li refused to go into detail on political issues, but made some comments on the business environment. 

Hong Kong still offers opportunities to do business, he said, adding that he has no plans to pull money out of the city.

Although his group has sold some assets recently, it doesn’t signal any aim to reduce the exposure in Hong Kong, the billionaire said. 

It is very common for a group that makes regular acquisitions to sell some assets from time to time, Li said, adding that providing value to shareholders is his top priority.

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CH/JP/RC

EJ Insight intern reporter

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