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Li Ka-shing’s Moves on China Reveal Good Timing

Hong Kong tycoon has been trimming his reliance on the world’s second-largest economy

HONG KONG—As investors around the world fret over China’s economic tremors, Hong Kong tycoon Li Ka-shing has less reason to press the panic button: he has been quietly accelerating moves to cut his reliance on the world’s second-largest economy.

Mr. Li, nicknamed Superman in Hong Kong for the business acumen that made him one of Asia’s richest men, has been trimming his property portfolio in China since 2011. He has also sold off...

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