Who can take over the mantle of the Li Ka Shing

In July of this year, Hong Kong's new Chief Executive will take office, but to witness a real shift of power in Hong Kong, or pay close attention to the succession plan of the oldest old tycoons in Hong Kong.

Standing on the power pyramid spire is Asia's richest man Li Ka-shing. Li Ka-shing, because of the extraordinary ability of the deal has been in Hong Kong is known as "Superman", this ability makes him an all-encompassing business empire, to the global port from Hong Kong's electricity and real estate, telecommunications andretail business. Many people not only live in the apartment he built, with its power supply, also sipping his bottled water, and he dominated the retail market in Hong Kong supermarket chain to buy things. If you count Richard Li's PCCW, Hong Kong people to see the pay-TV, Internet and telecommunications services are used by Li Ka-shing family.

According to Forbes magazine estimated the Li Ka-shing, the net assets of approximately $ 25.5 billion, ranked ninth in the world's richest.

In view of this, the succession plan he disclosed on the 25th for shareholders and will no doubt be a big news. Under this plan, the 47-year-old eldest son Victor Li will take over the helm of his business empire, the second son of Richard Li, aged 45 will get a lot of investment funds.Richard Li to take over the telecommunications assets?

The latest disclosure of the succession plan in addition to the Li Ka-shing's leading enterprises, the Hang Seng Index constituent companies, Cheung Kong (Holdings) Limited and Hutchison Whampoa Limited will have an impact, but also triggered a question: Does anyone really took the Li Ka-shing mantle.

Li Ka-shing may be able to own wealth and the company passed to his sons, but the 83-year-old tycoon accumulated over the past 50 years, his political connections, and prestige, but not so easy to pass on.

However, given the rumors heard around the Li Ka-shing's succession plan (including Li Ka-shing's corporate empire may be split), specified Victor Li is the name of corporate successor may make shareholders feel at ease.

A Hutchison Whampoa executives has revealed that such a statement Victor Li's Cheung Kong real estate and infrastructure business, Richard Li will be more attractive telecom business. Telecommunications business with Richard Li's interest in media and entertainment industries.10 years, Richard Li has been operating outside the family group with their own business, the most talked about Star TV Hong Kong telecom operator PCCW Limited. Later, he sold Star TV to News Corporation.

In Hong Kong, PCCW and Hutchison Whampoa's telecom business, the merger will have a certain appeal, people think better than the two brothers, Victor Li and Richard direct competition in the telecommunications industry. Nevertheless, in view of Richard Li, the poor reputation of the PCCW shareholder value creation, if it is any indication that Richard Li was recalled to the family business, will lead to controversy.

In the eyes of Li Ka-shing, known as "Little Superman" Richard Li apparently has not been ignored. Li Ka-shing, said on the 25th, will be Richard Li, the enterprises to provide funds to help their business through mergers and acquisitions to expand several times.Hong Kong is no longer "Li Ka-shing"?

Li Ka-shing is the reason why suddenly announced to take over the news recently, some companies' shift may be intended to avoid confusion in their own company who repeat itself. Hong Kong may have some companies to operate the best and most respected in Asia, but little is often forgotten that in the final analysis is still family-owned business.

Has been proved, Sibling rivalry is the corporate management of unforeseen risks.Not long ago, Stanley Ho, the shift process under the command of the gaming industry in Macau Empire staged a scene a few rooms wife in court. Even more surprising is that the blue-chip Sun Hung Kai Properties between the three heirs of the brothers not so unexpected and even developed to the point. The two brothers were arrested, there are rumors that their eldest brother, two of the wrongful act has reported the Hong Kong Government.

Are catching up to go down deep, Li Ka-shing announced shift regarding the tycoon-controlled enterprises in Hong Kong's enormous influence was more and more to resist the occasion. The widening income gap has become the topic of a trigger social differentiation. It is noteworthy that, in the campaign to compete for the post of Chief Executive of the Hong Kong Special Administrative Region, the new chief executive of Hong Kong Leung Chun-ying, defeated candidates supported by the business tycoon, Mr Henry Tang.

Those aimed at reducing the moguls on Hong Kong's economic control measures enact a competition law, the regulation of the real estate market or to strengthen regulation of listed companies, have been a powerful business lobby groups and resolutely resist.Take into account in accordance with the plan in 2017, Hong Kong Chief Executive will be elected by universal suffrage in Hong Kong may change.

All of this means that Victor Li may face an increasingly complex political environment, especially when he can not expect to rely on others' respect for the father's "shade". Perhaps Hong Kong will no longer appear a super tycoons like Li Ka-shing, but now it seems this may not be a bad thing.