A company controlled by the family of Asia's richest man Li Ka-shing has sold a landmark Beijing property for more than $US900 million, it said, adding to speculation he is cashing out of Chinese property.

Pacific Century Premium Developments – a firm chaired by Richard Li, the tycoon’s younger son – signed an agreement on Tuesday to sell Pacific Century Place for $US928 million ($A991.77 million), the firm said in a statement filed with the Hong Kong stock exchange. The deal is nearly 30 per…