“The worst is over for the global economy, yet it’s too optimistic to say the global economy has reached a turning point. The degree of decline has shrunk but that doesn’t mean it has stopped shrinking. I won’t buy stocks today. It’s not that I wouldn’t buy at all, but if the prices are too high, I will be very careful. For example, if the PE [price-earnings ratio] is low and the dividend yield is okay, and the stock isn’t overbought, I will buy.”
“Possible. Possible. But I will be more careful in this matter because I am representing a lot of shareholders,” Li said. “I will be more careful about the details, rules and requirements. But yes, if you ask me about listing in Shanghai, I am considering it.”
-Hong Kong billionaire Li Ka-shing (李嘉誠)
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