A quiet exit from PetroChina

PetroChinaÆs main corporate investors have been selling their holdings.

For some Hong Kong investors, the best way to invest is riding on the coat-tails of top tycoon Li Ka-shing on the basis that the man can do no wrong when it comes to making money. Hence, if you have got stock to shift and the market’s not buying, Li is a man worth talking to. For many companies seeking listings in Hong Kong this year, getting the Li Ka-shing investment in the initial public offering (IPO) has been crucial to the success of the deal. Get him aboard and the fan club comes running.

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