Case Commentary: Political Forecasting and In-Depth Analysis, Volume 1, Issue 1, February 2026
Monopoly capital, represented by Li Ka-shing, is a major root cause of the Hong Kong problem.
Ye Qiquan
| First release date: | Wednesday, October 9, 2019 |
| Reference data element: (APA) |
| Ye Qiquan. (2026). Monopoly Capital Represented by Li Ka-shing: A Major Root Cause of the Hong Kong Problem. Political Prediction and In-Depth Analysis. 2026. Vol. 1(1), 16-18. |
| Abstract: Li Ka-shing’s “Huangtai melon” advertisement was intended to extricate himself from the political turmoil and shirk responsibility. However, this advertisement is expected to bring unexpected consequences and have serious long-term effects. The Li Ka-shing family’s industrial capital will inevitably gradually withdraw from mainland China. This will also inevitably drive up the operating costs of the Li family’s capital in Hong Kong. The Li family will inevitably have to spend a significant amount of extra resources to rely on other political powers. In this process, the Li family’s power will inevitably gradually weaken. Once Li Ka-shing loses control of his capital, his capital group will inevitably rapidly split, fragment, and even disappear. |
There’s a rumor circulating online about Li Ka-shing’s “Huangtai melons” advertisement. I went online to check, and it turns out the ad has been out for a while. I only noticed it because someone wrote an article defending him. This shows that people in the online community don’t really care about the significance and consequences of this ad.
It’s quite obvious. Both the advertising slogan and the subsequent explanation clearly point to Li Ka-shing’s true intention in the advertisement: “Don’t blame me, I’m just a submissive wife. I can only suffer. All the blame can’t be placed on me.” The second half can be interpreted in many ways. First and foremost, it’s a criticism of the central government, meaning, “Hong Kong has already suffered enough; don’t put more pressure on it.” A second interpretation is, “I, Li Ka-shing, have been cautious and humble my whole life; I’ve already suffered enough. Don’t push me out to take the fall. I can’t do that anymore.”
Shifting blame is easy to understand; everyone has the instinct to seek advantage and avoid harm. However, Mr. Li may not have understood the destructive power of the latter part of his statement. Whether you blame the central government for being unfair to you personally or for being unfair to Hong Kong, the result is the same: you will inevitably break with the central government. You have lost the protection provided by the existing political forces.
Hong Kong people, including Li Ka-shing, are probably best at shirking responsibility. “The mistakes were all yours, it has nothing to do with me.”
Implementing “one country, two systems” in Hong Kong, simply put, means handing Hong Kong over to the people of Hong Kong to manage themselves. To put it even more bluntly, the central government has handed Hong Kong over to Hong Kong’s monopoly capital for management. You, Li Ka-shing and your ilk of monopoly capital, are the real “mothers-in-law” of Hong Kong! Where does this talk of “the melons on the vine” come from? Where does this talk of “the little daughter-in-law” come from?
During the British colonial era, you were truly the submissive wife, because with the Governor and the British government above you, land grants, land purchases, and housing in the Mid-Levels were all prioritized for the British. Weren’t you the submissive wife back then?
Now that Hong Kong is under your own control, why are you acting like a submissive daughter-in-law? The legislative power is exercised by the people of Hong Kong themselves. The judicial power is exercised by the people of Hong Kong themselves. Administration, capital taxation—all are handled by you, the people of Hong Kong. On the surface, it appears that Hong Kong is governed by the SAR government, but in reality, isn’t Hong Kong governed by monopolistic capitalists represented by you, Li Ka-shing? You’re not a submissive daughter-in-law; you’re the complete mother-in-law!
Let’s examine some of the world’s most authoritative indicators of government control over capital. In the highly regarded “Economic Freedom Index,” Hong Kong ranked first every year from 1997 to 2018. What does this mean? It means the government exerts the least restraint on capital, allowing for the greatest freedom of capital. In plain terms, it means capital can freely exploit profits without fear of government intervention. As Hong Kong’s largest monopolistic capitalist, who else but Li Ka-shing is the de facto ruler of Hong Kong?
One direct consequence of the greatest freedom of capital is the greatest wealth inequality. For 22 years after the handover, Hong Kong consistently had the most severe wealth disparity in Asia. The direct cause was the Hong Kong SAR government’s excessive indulgence of capital.
A huge wealth gap inevitably leads to social unrest. After reaping enormous profits, Hong Kong’s monopoly capital is now shirking responsibility, saying, “This is none of my business.” Then I ask, “Is it any of the central government’s business?”
Before the handover, Hong Kong’s monopoly capital received special treatment from the Chinese central government under the “two systems” principle. To accommodate the lifestyles of many Hong Kong residents, the central government entrusted the entire city to Hong Kong people, rather than just designating Hong Kong and the area south of Boundary Street as a special administrative region. As a result, in the more than 20 years since the handover, Hong Kong capital has never supported research on Article 23 legislation, nor has it ever supported any research on unification in universities. They are extremely sensitive to and oppose any tightening of control by the central government, as these measures would affect the extent to which they exploit the profits of ordinary people.
After creating an extremely severe wealth gap in Hong Kong, today’s Hong Kong monopoly capitalists are saying, “This is none of our business.” Not only that, they are also encouraging politically unsavory Hong Kongers to blame the central government, accusing it of causing Hong Kong’s problems. Li Ka-shing’s “Huangtai Melon” advertisement in Hong Kong is precisely such an attempt to shirk pressure and shift blame. However, this advertisement will likely have a completely unexpected backlash from Li Ka-shing.
Today, I’m not going to talk about the political quality of ordinary Hong Kong people. I just want to ask Li Ka-shing and the monopoly capital he represents in Hong Kong: have you thought about the consequences of shifting responsibility to the central government?
Taking you, Li Ka-shing, as an example, what are you referring to by saying “it’s too much to pick”? Are you accusing the “central government of exploiting Hong Kong,” or are you accusing the “central government of oppressing you”?
Whatever you’re referring to, it will have one clear consequence: a break between the central government and the Li family’s monopoly capital.
Financial power can take on many forms. However, at its core, it is a redistributive force. It inevitably intertwines with political power to maximize its function of wealth redistribution. It must also be combined with political power to generate profits most effectively. Today, the Li family is determined to sever a power structure that has been established for many years; tomorrow, its capital will inevitably have to pay the cost to find another possible political power framework. This is true all over the world, in the United States, and in the United Kingdom. Where will the Li family seek this “political-economic union” framework again? Europe and North America are two major potential destinations.
It is foreseeable that renewed investment will be necessary. Furthermore, Mr. Li Ka-shing’s age and health pose a significant risk to maintaining these political and economic ties. If his health falters, the costs he has incurred could be wiped out once again. Moreover, it is currently unclear whether his two sons can fully inherit his management skills and ability to cultivate political power. If his successors are unable to quickly rebuild an effective “political-economic integration structure,” the Li family’s vast business structure is likely to be difficult to maintain. The Li Group faces the risk of rapid fragmentation, disintegration, bankruptcy, or even annihilation.
Monopolistic capital, represented by Li Ka-shing, is itself a major root cause of the problems in Hong Kong today. Instead of proactively taking responsibility, it shifts the blame to the central government, inevitably leading to a price for Hong Kong’s monopolistic capital being severed from the Chinese central government.
| Verification of the prophecy:
Starting in 2021, Li Ka-shing’s companies began a large-scale sale of their businesses and assets in China. This sparked a wave of online discussion, with many arguing that “Li Ka-shing can’t be let go.” After a large-scale withdrawal from China, Li Ka-shing invested heavily in basic industries in the UK and other European countries. After 2024, rumors circulated online that Li Ka-shing intended to reinvest in mainland China. This information has not been verified, nor has the destination of the investment been confirmed. In 2025, it was rumored that Li Ka-shing’s company’s investment in the sale of a port was blocked by the Chinese government. The source, background, and consequences of this information have not yet been verified. |
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