Billionaire Li Ka-shing, chairman of CK Hutchison Holdings Ltd and Cheung Kong Property Holdings Ltd speaks during a news conference in Hong Kong, March 22, 2017. [Photo/VCG] Hong Kong billionaire Li Ka-shing, 90, announced today he is retiring from his companies. Li said he will officially step down as the chairman of CK Hutchison and CK Asset later this year and will serve as a senior adviser. He will be succeeded by his elder son Victor Li Tzar Kuoi. The 89-year-old tycoon made the announcement at a press conference where his four listed companies, CK Hutchison, CK Asset Holdings Ltd., CK Infrastructure Holdings Ltd. and Power Assets Holdings Ltd., released their annual results. His net worth is $35.4 billion as of today, and is ranked 24th on the list of world's billionaires, according to forbes.com. Li is one of the richest and most influential tycoons in Asia, with interests in everything from ports and utilities to telecoms. His companies employ some 310,000 people in more than 50 nations. According to Forbes, his Li Ka Shing Foundation has donated more than $2.6 billion; over 80 percent has gone to Greater China. In 1950, after learning how to operate a plant, Li founded a plastic manufacturing company in HK with personal savings and funds borrowed from relatives. Li started out by supplying HK and the rest of the world with high-quality plastic flowers at low prices in the 1950s. personalised fabric wristbandsrubber bracelets cheap202mm to inchessilicone keychaincustom silicone bandsprintable wristbandsrubber arm bandsmake rubber bracelets
HONG KONG - A youth exchange program named "Belt and Road Journey" kicked off here Thursday, aiming to raise awareness of the opportunities brought about by the Belt and Road Initiative.Twenty young people will travel by train at the end of this month to cities including Urumqi, capital of Northwest China's Xinjiang Uygur autonomous region and Kazakhstan's Almaty.The 20 young people, aged between 18 and 25, were selected from more than 500 applicants.During the six-day trip, they will visit local businesses and landmarks, and interact with local university students, one of the organizers, the Hong Kong Trade Development Council (HKTDC) said at a press conference.In this way, the young people from Hong Kong will get "first-hand knowledge of the economic and cultural landscape of different Belt and Road regions," the organizer noted.The journey will be filmed and broadcast as a special TV series in September, as part of the HKTDC's ongoing efforts to promote the Belt and Road Initiative through the media and social media channels to attract more young people to get involved.HKTDC Deputy Executive Director Raymond Yip described the program as a flagship Belt and Road promotion event for young people this summer.He hoped that through direct interaction with local youths and visits to companies, the trip will help young people here gain a deeper understanding of the initiative.The initiative, proposed by China in 2013, refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of Silk Road.
