The future of the container terminal site is determined by the Hong Kong Government, and the Changhe Association will maintain communication and cooperation with the Hong Kong Government.
The Zhitong Finance App learned that on May 23, in response to shareholders' questions about whether Kwai Chung Container Terminal would change land use, Chairman Lee Chak-ju of Cheung Ho (00001) said while presiding over the annual shareholders' meeting that it is an indisputable fact that Hong Kong's container terminal rankings continue to decline, and that the future of container terminal land is decided by the Hong Kong government, and Changhe will maintain communication and cooperation with the Hong Kong government.
Li Zeju said that Changhe's business is important all over the world. For example, the retail business Watsons operates more than 600 stores in Hong Kong. Without global development, it would be difficult to operate 16,800 stores globally. At best, there are only about 800 stores in Hong Kong, reaffirming that Hong Kong and overseas businesses can complement each other's shortcomings.
In response to Hong Kong people going north to spend, Li Chak-kyu said that Hong Kong's retail sector is facing great challenges, but it has responded positively, including introducing more popular products for consumption in the north in supermarkets, so that citizens don't have to travel long distances.