Asia's richest man laid out his succession plans Friday, putting his older son at the helm of his business empire and promising his younger son funding to embark on new investments.

Li Ka-shing, the 83-year-old owner of Hong Kong's biggest supermarket chain and with assets globally in telecommunications, oil and real estate, remains actively involved in the operations of his flagship blue-chip companies. On Friday he said he had no plans to retire anytime soon, but sought to put to rest frequent media speculation in the city on the future of his multi-billion dollar companies. His net worth was estimated at US$25.5 billion, according to Forbes Magazine, making him the world's ninth-richest person.

The tycoon, well-respected locally for his business acumen and whose views on the Hong Kong economy are closely followed by retail stock investors, said he is making the succession arrangements so the brothers "wouldn't have conflict" over his business interests.

"Victor will manage the Cheung Kong Group assets," Mr. Li told reporters at a news briefing following a shareholders' meeting of Cheung Kong (Holdings) Ltd. and Hutchison Whampoa Ltd., his two key listed vehicles.

Mr. Li said his younger son is "in talks with several businesses that he likes, and I will help support him fully." When asked how he plans to support Richard, the patriarch said: "That's simple. Give him cash."

Friday's comments by Mr. Li come just two months after follow tycoon Cheng Yu-tung, head of jewelry chain Chow Tai Fook Group, handed the reins of his business fortunes to his eldest son, becoming the first of the city's aging real-estate tycoons to officially retire. But the actions of Messrs. Cheng and Li's are a rarity in a region where heads of family-run businesses are generally reluctant to hand down power, even in their twilight years.

滬江英語(yǔ)快訊：5月25日下午，香港富商李嘉誠(chéng)出席旗下公司長(zhǎng)江實(shí)業(yè)及和記黃埔股東會(huì)后，向傳媒披露他的財(cái)產(chǎn)分配。他會(huì)將自己持有逾四成的長(zhǎng)江實(shí)業(yè)及和記黃埔權(quán)益，以及三成半的赫斯基能源權(quán)益，分配給大兒子李澤鉅，而且會(huì)全力幫助二兒子李澤楷收購(gòu)心儀公司。 他表示至今仍沒(méi)想過(guò)退休，自己最近身體很好。這不由讓人聯(lián)想到了珠寶大王鄭裕彤，兩人皆已步入耄耋之年，卻仍活躍在商界。?

長(zhǎng)江實(shí)業(yè)集團(tuán)（Cheung Kong Group）旗下公司
公司中文名 對(duì)應(yīng)英文名 經(jīng)營(yíng)項(xiàng)目
?長(zhǎng)江實(shí)業(yè) CHEUNG KONG 物業(yè)發(fā)展及投資、房地產(chǎn)代理及管理、港口及相關(guān)服務(wù)、電訊、酒店、零售及制造、能源、基建、財(cái)務(wù)及投資、電子商貿(mào)、建材、媒體及生命科技等
和記黃埔 Hutchison Whampoa 港口及相關(guān)服務(wù)、電訊、地產(chǎn)及酒店、零售及制造、能源及基建等業(yè)務(wù)
長(zhǎng)江基建 Cheung Kong Infrastructure 發(fā)展、投資及經(jīng)營(yíng)全球基建業(yè)務(wù)
電能實(shí)業(yè) Power Assets 發(fā)電、輸電及配電予香港島及南丫島