Li Ka-shing halt new investment in the world expected to have an impact on the economy in Hong Kong

Hutchison Whampoa Chairman Li Ka-shing to tighten the pace of expansion, decided to temporarily halt new investment in global business.
Oct24 ,Hong Kong "Ming Pao Daily News" in the "News" column published reports that the financial tsunami to promote global economic winter, the blue-chip companies start tightening up the pace of expansion. Wealthy businessmen in Hong Kong Li Ka-shing's flagship company Hutchison Whampoa, decided to temporarily halt new investment in global business. In the middle of next year, all or did not make a commitment to implement the spending will be saved, and to review all investment projects.
U.S. securities dealers a few days ago from Citigroup Investor Conference held in Macao, Huang and invited Finance Director Frank Sixt to attend. Citigroup issued 23 reports and the disclosure of management at Huang's "steady economic growth" strategy, and yellow by the end of June next year, will not implement a freeze on all investment spending, and review all existing investment projects .
Hutchison Whampoa to take a more conservative financial management practices abnormal, the current holder of 22,100,000,000 U.S. dollars (about 172,400,000,000 Hong Kong) funds, as many as 69%, that is, 119,000,000,000 close to the Hong Kong dollar cash and the rest mainly on the most cautious of the government Bonds, stocks means that only a very small proportion. Huang management and stressed that no investment in corporate bonds, structured investment products, tools and a total of options.
A spokesman for Hutchison said the Citigroup report quoted the company's management refers to not be any additional expenses, is not referring to the implementation of investment spending has nothing to do with the implementation of the plan. The source said that Hutchison is in response to changes in the global economic environment, investment risks have changed and therefore a decision.
Hutchison Whampoa Chairman Li Ka-shing in the assessment of the trend, take time machine, whose vision has always been in the United States from time by the global financial problems before the outbreak of the tsunami-round, he had more than once for the stock market bubble and the global economic outlook warned.
Hong Kong's richest man Li Ka-shing's flagship business of Hutchison Whampoa, the business in 57 countries around the world, the total number of employees to more than 220,000, in Hong Kong alone there are nearly 30,000 people, many sectors in Hong Kong is a leading operator of supermarkets, including the scope, Mobile communications companies and container terminal, and so on, the yellow and investment decisions, Hong Kong will have a major impact on economic development.
Compared to "undertake not to implement or not to make" investment, the committed investment has been generally refers to the contract and has signed but not ratified the project to Hutchison Whampoa of Hong Kong's container terminal business, for example, in accordance with its 2007 annual report shows that, as The end of last year's committed capital expenditure 440,000,000 yuan. Hutchison in all of the world's business capital has been made to bear the amount expended tens of billions of dollars. Hutchison earned 30.6 billion last year, the stock has dropped 52 percent this year, the market value of 180,000,000,000 yuan.
和黄主席李嘉诚收紧扩充步伐，决定暂时叫停全球业务的新投资。
10月24日香港《明报》在“要闻”栏目刊发报道称，金融海啸把环球经济推进寒冬，香港蓝筹企业开始收紧扩充步伐。香港富商李嘉诚的旗舰公司和记黄埔，决定暂时叫停全球业务的新投资。在明年中之前，所有未落实或未作承担的开支都会省下来，并要检讨全部投资项目。
美资证券商花旗日前起在澳门举办投资者会议，邀请了和黄财务董事陆法兰出席。花旗23日发表的报告，披露了和黄管理层在会上提出的“持盈保泰”策略，和黄在明年6月底前，将冻结所有未落实的投资开支，并检讨全部现有投资项目。
和黄更采取异常保守的理财手法，目前持有的221亿美元(约1724亿港元)资金，有多达69%、即接近1190亿港元是现金，其余主要投资在最稳阵的政府债券上，意味股票仅占一个很小的比重。和黄管理层强调，完全没有投资企业债券、结构性投资工具和累计期权产品。
和黄发言人表示，花旗报告引述公司管理层所指的不会有新增开支，是指还未落实的投资支出，并不涉及已落实的计划。消息指出，和黄是因应环球经济环境的变化，投资的风险有变，因而下了有关决定。
和黄主席李嘉诚在评估趋势、拿准时机上，一向眼光独到，在这次源于美国次按问题的环球金融海啸全面爆发之前，他已不止一次针对股市泡沫和环球经济前景提出警告。
作为香港首富李嘉诚旗下商业旗舰的和黄，业务遍布全球57个国家，雇员总人数超过22万，单是在香港就有近3万人，是香港多个行业的龙头，经营范围包括超级市场、流动通讯公司及货柜码头等，和黄这次的投资决定，会对香港经济发展有重大影响。
相对于“还未落实或未作承担”的投资，已承担的投资通常指已签约和已批准但未签约的项目，以和黄的香港货柜码头业务为例，根据其2007年年报显示，截至去年底的已承担资本开支有4.4亿元。和黄在全球全部业务的已作承担资本开支总额，则数以百亿元计。和黄去年赚306亿元，股价今年已下挫52%，市值1800亿元。