The illusion of the more youthful son of Hong Kong billionaire Li Ka-shing at a high-profile summit in Beijing at the weekend led to a stir in industry circles given how the central govt had signalled its displeasure over the sale of Panama Canal ports managed by way of his circle of relatives’s conglomerate, observers have mentioned.Richard Li Tzar-kai used to be amongst 93 individuals who gave the impression in a gaggle photograph with Chinese language Premier Li Qiang on the China Construction Discussion board on Sunday in Beijing. His father and his elder brother, Victor Li Tzar-kuoi, have been absent.Status within the ultimate row, the more youthful brother used to be carrying his same old spherical, black-framed glasses.He attended in his capability as founding father of Pacific Century Staff, a Hong Kong-based non-public funding conglomerate with pursuits in era, media, monetary products and services, infrastructure and assets.Lau Siu-kai, a specialist to the semi-official Chinese language Affiliation of Hong Kong and Macau Research assume tank, mentioned on Tuesday that Beijing recognised that the brothers were serious about separate industry ventures for a very long time.“Richard Li isn’t concerned within the sale of piers by way of Hutchison and he’s a magnate in his personal proper,” Lau mentioned. “But even so, Beijing has now not issued any legitimate remark towards Hutchison or Li Ka-shing.”
Eyebrows raised over Hong Kong’s Richard Li in Beijing, observers say
