Li Ka-shing talks about investment: Do not worry about the mainland property market have spare money may buy a house

Li。 Sino-New Society issued Deng Qingle Xinhua Beijing, May 28, according to the Hong Kong "Wen Wei Po" news, recent sharp fluctuations in Hong Kong stocks, the property market also fell back, but long and the department chairman Li Ka-shing to reassure, said he had to buy long and the department of Stocks, and will continue to overweight, at least 10 years do not sell.　　He also thinks that inflation will certainly come, property prices will rise, and there will be some spare money to buy flats from the current property market, and the group would continue to invest in the land and say that it will not worry about the mainland's property markets. Li Ka-shing 27th to participate in the group shareholder meeting with the media to share their investment experience, he said he began investing in equities in the 50, is a savings investment, and said that buy shares to see the price-earnings ratio, the company's potential and management, the price/earnings ratio is too high to buy, some people at low prices do not dare to go into the market, high when the chase.　　He said that in the past decade he had only bought unsold and tied stocks, and would not have sold it for at least 10 years if he bought a long real stock today or had the opportunity to transfer to a family trust fund for a long-term investment. In the case of reports that Li Ka-shing is underwriting the new shares Prudential's stock plan, he said the proposal came from the group's finance manager, who disclosed that the group and individual charitable funds would subscribe to $100 million for the Pru's share plan, a total of $200 million trillion, and that the AIA had been paid attention two years earlier. At the beginning of the year, he was introduced by a friend of the private investment in Ka Shing Holdings, knowing that the company's business prospects were not short fried.　　He added that the forthcoming agricultural Bank would also be available for subscription. He also continued to be bullish on the property market, referring to the continuing rise in property prices in every 5-10 years since the Second World War, which seemed very expensive at the time, but was very cheap after several years. He pointed out that after this economic turmoil, inflation would certainly come and property prices would rise.　　In his view, there is a demand for property in Hong Kong, but it depends on its own purpose, and if it lives, there is a loosening of funds to go into the market. Li Ka-shing pointed out that the long-term will continue to buy land, the existing debt ratio of 5% to 6% Low, the first 4 months of this year, Hong Kong sales of 12 billion yuan, even if its land reserves for the next 5 years, will continue to buy. In the future, the government will be interested in the 4th issue of the Sunrise, Tin Kwong Street, the peak Nie and the Hong Kong Railway.　　He reiterated that he and the department could spend $50 billion on investment, but there was no need to make a hasty investment decision, and the $50 billion was not a large number for the real estate business, and the group also had to enter the standard Nam Cheong station. Li Ka-Shing also believes that the mainland's economic growth of at least 8% this year, the purchasing power of the mainland property market still exists, but he believes that the state does not want to have a sharp rise in property prices, so there will be moderate control, but he will not worry about the real estate market in the mainland, because the existing land reserves of the company can be developed in the next five years, When the property market is at a high level, it is not involved, but it will be absorbed at low levels.