The torch relay of the National Games, except for the Li family, marks the end of the Li Chao Ren era!
The 15th National Games torch relay was held in Hong Kong, Macau, Guangzhou and Shenzhen for four days. The families of the Guangdong-Hong Kong-Macao Greater Bay Area made a collective appearance. Among the four major families in Hong Kong, including Henderson Land, Swire, and the Kwok family, representatives from the Ho family in Macau participated, but the Li family's Li Zetang and Li Zekai were absent. This is the result of the Li family's long-term strategic choice: in the early years, they sold large-scale core assets in mainland China and Hong Kong, shifting funds to Europe. As of last year, overseas business accounted for 83% of the Cheung Kong Group, and their connection with the Bay Area has become increasingly loose. In contrast, other families have been rooted in the Bay Area, participating in sports, business, and science and technology sectors, aligning with the regional development trend. The absence of the Li family not only represents a missed opportunity for the Bay Area's development benefits, but also reflects the reality that old capital logic is difficult to adapt to the new era of regional development. This relay has long gone beyond sports, becoming a testament of trust in the future of the Bay Area.
[Witty] Behind the absence of the torch, capital knows no borders, but the times have boundaries! The Bay Area feast of cross-border torch relay of the National Games, the absence of the Li family is the most glaring footnote! When Henderson Land, Swire, Kwok family, and the Ho family in Macau jointly hold the torch, anchoring themselves to the wave of Bay Area development, the disappearance of Li Zetang and Li Zekai is no longer an accident. With the Panama port incident still unresolved, another torch event arises. For many years, the Li family has sold core assets in mainland China and Hong Kong, moving billions of capital out of Asia into Europe. Over 80% of the overseas business ratio is essentially an active cut from the development of their homeland. European investments have encountered setbacks, and their strategy has deviated from national guidance, leaving them without face or confidence to stand on this stage of trust endorsement. The torch relay is not only about sports spirit, but also about the screening of capital by the times: only those who are rooted in the motherland and aligned with the development trend can share the benefits; those who rely on transnational capital and only pursue profit while avoiding responsibility will ultimately be abandoned by the tides of the times, left with a bittersweet loneliness!
Original: www.toutiao.com/article/1847997490764803/
Statement: This article represents the personal views of the author.