There are many short stories about knowledge changing destiny, such as Chen Jingrun in China. He originally came from a poor family and worked as an apprentice in a grocery store. However, he did not succumb to fate, but continued to strive for self-improvement and studied mathematics by himself at night. , and later attended Tsinghua University, and even later changed her destiny and even shocked the world because of the famous Goldbach's conjecture; and Helen Keller of the United States, who was blind in both eyes and deaf in both ears when she was one and a half years old, but she persevered Fighting against fate, under the guidance of her family teacher, she learned Braille, spelled words, expressed herself, and learned to speak. At the age of 20, she was admitted to the Women's College of Harvard University. If she had not studied hard, but given up on herself, I believe she was just a A pitiable disabled person, but she used her perseverance to create the myth of "knowledge changes destiny"~!

The richest man in China, Li Ka-shing, famously said: "Knowledge changes destiny"

Amount of wealth : 11.9 billion US dollars

Famous quote: "Knowledge changes destiny"

Resume: Born in Chaozhou, Guangdong in 1928, his father was a primary school principal. In 1940, the family fled to Hong Kong to escape the oppression of the Japanese invaders. Two years later, his father died of illness. In order to make a living, Li Ka-shing was forced to drop out of school. In 1950, Li Ka-shing, who was only 22 years old, founded the Yangtze River Plastic Factory in Shau Kei Wan. In 1958, Li Ka-shing began investing in the real estate market. In 1972, Changjiang Holdings was listed, and its shares were oversubscribed 65 times. In 1979, "Changjiang" purchased "Hutchison Whampoa", an established British-owned commercial bank. In 1984, "Changjiang" purchased a controlling stake in "Hong Kong Electric Light Company". In the mid-1960s, Hong Kong's real estate industry fell into a trough. Li Ka-shing boldly invested in real estate. In 1979, he acquired Hutchison Whampoa and entered the port transportation industry. By December 1995, the total market value of the three listed companies of Cheung Kong Holdings had exceeded US$42 billion.

Li Ka-shing was not lucky from 2003 to 2004. Li Ka-shing even had a frosty look on his face.

More than three months ago, on March 11, 2004, TOM Online (HK 8282) fell below the offering price on the first day it was listed on the Hong Kong Stock Exchange. TOM Online's offering price was HK$1.5, and it closed at HK$1.4 on the first day, down 6.7%.

Is it really impossible to repeat the scene of long queues and empty streets to buy Li Ka-shing related stocks?

On March 16, another listed company under Li Ka-shing, China United Systems (HK 0757), closed at HK$0.630. Compared with the offering price of HK$0.90, it had shrunk by 30%. Hundreds of retail investors and institutions Investors took a major hit.

At the beginning of the year, Hutchison Whampoa injected its Hong Kong fixed-line business into China United Systems, which issued new shares worth HK$3.9 billion and convertible bonds worth HK$3.2 billion to pay for the acquisition. The deal netted Li Ka-shing's conglomerate a profit of HK$1.3 billion. This move caused huge controversy. On January 30, David Weber, a director of the Hong Kong Stock Exchange and a member of the Securities and Futures Commission’s Shareholder Rights Group and the M&A Group, severely criticized the transaction and said that it exposed loopholes in the current listing rules.

What happened to Superman? The all-powerful Li Ka-shing has always been an irreplaceable idol in the hearts of Chinese people around the world.

In the 1960s, Superman entered Hong Kong real estate and made huge profits for 30 years; in 1996, Hutchison Whampoa, controlled by Li Xicheng, invested in the UK, established the telecommunications company ORANGE and listed it on the market, with a total investment of HK$8.4 billion. Subsequently, ORANGE became the third largest mobile phone operator in the UK under the operation of "Superman". Later, Hutchison Whampoa decided to spin off and go public, earning back 4.1 billion Hong Kong dollars in special income and recovering more than half of its previous investment. In 1999, it sold more than 40% of ORANGE's shares to Deutsche Telekom Consortium at a cost of HK$113 billion, exchanged shares with the consortium, and successfully took over Deutsche Telekom Consortium, becoming the single largest shareholder. In this transaction, Li Xicheng’s cost was almost zero, and the return was more than HK$100 billion in cash and a large amount of equity.

The most recent time was at the end of 2003, when China Life was listed, Superman made a huge profit of 1.2 billion in 6 days.

But just a few months later, controversy over Superman began to become widespread.

From a poor boy to the "Plastic Flower King", from a real estate tycoon to a white knight who rescued the market, from a "Superman" to a leader of the new economy, from a management guru to a media high-tech trend-setter, the legendary Li Ka-shing is here Where is the next step?