Li Ka-shing: never heard of RMB400B stimulus
package
15:58
Commenting on yesterday's press report that the
government of mainland China was planning to launch RMB400 billion stimulus
package, Cheung Kong (00001) chairman Li Ka-shing said today he had not heard of
such plan.
Under normal situation, the stock market should reflect the
performance of the economy, Li said.
He said the reported amount would be
minimal as a boost for either the Shanghai or Shenzhen stock exchanges, and a
government plan like that would have been impractical. Then he urged stock
investors to be aware of their own strength when investing.