The traditional chinese department goods are already in the dark of the day. In the yellow bushes of autumn arthur, there was suddenly a proud red flower..
On 20 october 2014, the hong kong listed company lifou international (01212. Hk) announced that its controlling shareholders sold 19. 9 per cent of the listed company's interests to the qatar investment authority at a total cost of hk$4. 78 billion. The companies listed were originally controlled by the liu yi hung family and the zheng yu-chung family of zhou dafu enterprise, and their operations included the hong kong chong guangchong and the mainland's ku guang guang。
From now on, as soon as you set foot in the department store, you will have some connection to the mysterious middle east country in white and black。
Both liu and the qatar investment agency spoke publicly about the deal, expressing positive and optimistic views. According to the qatar investment authority, this continues the fund's diversified investment philosophy on a global scale and complements existing operations。
Let's start with the relationship between zongg and kuang。
Chong guang has come from japan and has a long history, with a few rises and falls, and finally lays the foundation in hong kong. The zheng yuzhen and liu yi hung families acquired a hong kong zhong department store in 2001 and reorganized their operations。
In the interior, lifor acquired projects in dalian, qingdo and harbin in 2009. In september of that year, lifu international's first department store in the mainland, shanghai, opened, and four branches have been opened today in shanghai, suzhou, dalian and shenyang, and the second department store in shanghai began work in july this year。
Since business is good, why would zheng yu-chung and liu xiong-hsiung choose to lose
It's not surprising. Isn't it true that superman lee ka-sheng has been selling retail in the mainland in recent years? The business of department goods is under multiple squeezes as a result of the devastating impact of e-commerce。
More recently, the third quarter of this year's high-altitude globe report states: “the 100th goods industry is hard to sustain, and shopping centres enter an era of overall adjustment with the market environment”
Mr. Lin yongjie, executive director of the greater china-china region of the department of high-labour worldwide studies, said that the retail sales of shanghai's department goods had fallen to a historically low level in the first half of the year, and that the business pressures faced by major department companies were becoming increasingly evident and reforms were imminent。
So, it makes sense for zheng and liu families to protect themselves now. From october of last year to the present, the zheng yu-chung family has accumulated hk$4. 27 billion through the sale of lifu international shares. This led to speculation in the industry that the zheng yuo-chung family was viewing the department store and “break up” with the liu yi hung family。
But you're abandoning what you don't want. In the view of middle easterns, the valley of the industry facing the chinese department goods industry may be a good opportunity。
The network of officials of the qatar investment authority shows that qatar is one of the richest countries in the world because of its rich oil and gas resources. In order to avoid excessive economic dependence on natural resources, king hamid al-qaeda established the qatar investment agency in 2005 to invest in major global markets, as well as some potential markets, and to strengthen the national economy in a variety of ways。
At present, the qatar investment agency manages the largest sovereign fund in the middle east in a variety of ways, investing both directly in the business sector and buying listed shares, and investing as an investor in various pes。
Qatar investment authority
The interest of the middle east sovereign fund in luxury goods and high-end consumer goods has been strong, as has its home-grown counterparts in the middle east, with many small middle east sovereign funds playing an important role in international capital markets, as exemplified by the bahrain sovereign fund。
Wang zheng wrote in luxury: the sovereign funds of the middle east countries have always been low-profile, making money, like the chinese sovereign funds such as china, san martín and others, who spend all their time swaying around in fear that they will not know it. If it had not been for the financial crisis of 2007, which had led to the rise of these old sovereign funds, represented by the abu dhabi investment authority, it would not have been possible to discover that, in the past few decades, the middle east had had a lot of shadows behind major international asset transactions, and that they had a clear vision, skill, open vision, no taboos, no one had dared to enter any field, and any mark would have touched, including luxury goods。
It has become known to the outside world that qatar investment agency investments are in the areas of finance, luxury goods, fine hotels, including barclays bank, swiss credit, harold london and the jewellery brand, tiffany, who hold more than 1 per cent of their lvmh shares。
“they're too large to be invested in a lot of fields.” liu deyan, president of china, first taiping davis, told bang estate. To his knowledge, the qatar investment agency had already sent personnel into china to search for investment targets and partners. They have visited a number of projects, but have not found satisfactory targets and have therefore not been able to do much。
According to information, in 2010, the qatar investment authority invested $2. 8 billion in capital investments at the first public opening of the china agricultural bank。
Liu deyan's analysis suggests that qatar investment agency (qia) is investing in lifou international this time, first of all because of its perceived qualifications in department goods and services, and secondly because hong kong's capital market is open, less open and easier to operate than mainland approval procedures。
Because of the high interest of the qatar investment agency in the market for mainland china, the long-lighted outlet for the interior of the country has added a lot of points to lif. According to foreign media reports, the qatar investment authority planned investments of up to $15 billion for part of the asian market。
“these two years have seen an adjustment in the department store, but the future direction is good, capital does not choose to enter the hottest of times, and investment in the adjustment period is the best.” liu deyan said。
The voice is still there. According to sources quoted in the british financial times on 27 october, qatar's sovereign wealth fund, the qatar investment authority, has agreed to buy the global hsbc headquarters from the korean national pension service, the largest and most expensive office building in london, at pound1. 1 billion (approximately $1. 8 billion). Hsbc has a 13-year lease on the building, and according to sources, the bank has undertaken to review the rent annually in the light of inflation and to promise that the rent will not be reduced。
Responsible editor: zhang dei
