Cheung Kong Holdings
Encyclopedia
Cheung Kong Limited (Cheung Kong Holdings) , is the flagship of the Cheung Kong Group, headquartered in Hong Kong
, and one of Hong Kong's leading multi-national conglomerate
s.
The Chairman of Cheung Kong Holdings is Li Ka Shing
(李嘉誠), while his elder son, Victor Li, is Managing Director and Deputy Chairman.
Cheung Kong Holdings is one of the largest developers of residential, office, retail, industrial and hotel properties in Hong Kong. With its long history of property development expertise and residential estates, Cheung Kong Holdings has built many of Hong Kong's most notable landmark buildings and complexes.
Li Ka Shing founded Cheung Kong Industries in 1950s as a plastics manufacturer. Under his leadership, the company grew rapidly and eventually evolved into a property investment company. "Cheung Kong (Holdings) Limited" from the 1970s.
.
Cheung Kong Holdings has been listed on the Hong Kong Stock Exchange since 1972. It is a property development
and strategic investment company, with substantial interests in life sciences and other businesses.
It is one of the largest developers in Hong Kong with a long history of property development. About one in twelve of the private residences in Hong Kong were developed by the company.
The company and Sun Hung Kai Properties are together increasingly dominant in the development of new private homes, accounting for 70% of the market in 2010, up from around half of that in 2003. This concentration, with much of the rest of the market occupied by other very large firms, is attributed to the government's policy of auctioning land in expensively large blocks, squeezing out small and mid-sized firms, according to the Consumer Council.
The Chairman of Cheung Kong Infrastructure Holdings Limited (CKI) is Victor Li Tzar Kuoi. CKI is the largest diversified infrastructure company listed on the Hong Kong Stock Exchange
. It is a Hong Kong-based diversified infrastructure
company, focused on the development, investment and operation of infrastructure businesses in many countries such as China
, Australia
, and the United Kingdom.
84.58% of the shares are held by Hutchison Whampoa
Limited.
The Chairman of Power Assets Holdings Limited is Canning Fok Kin-ning. The listed Hongkong Electric group of companies comprise of:
The Hongkong Electric Company Limited mainly concentrates on generation and supply of electricity
on Hong Kong Island
and Lamma Island
. Hongkong Electric International Limited pursues overseas investment opportunities and Associated Technical Services Limited's principal activity is engineering consultancy and project management.
38.87% of the shares are held by CKI.
44.30% of the shares of CK Life Sciences Int'l., (Holdings) Inc. (CK Life Sciences) are owned by Cheung Kong Holdings. CK Life Sciences is engaged in the business of research and development, commercialization, marketing and sale of biotechnology products. Products developed by CK Life Sciences are categorized into two areas:
and owned by Mr. KP Tyagi, Meerut
The selection of CK Life Sciences by World Economic Forum
as one of the 30 'Technology Pioneers' for 2004 reflects the international recognition of CK Life Sciences' status as a world class technology company and its innovative achievement in research
and development.
. There are now projects in Beijing
, Tianjin, Changchun, Shenyang, Shanghai
, Qingdao
, Chongqing
, Chengdu, Wuhan, Xian, Changsha, Guangzhou
, Dongguan
and Zhuhai
. It will continue to look for potential development in other Mainland
cities.
of property development, Cheung Kong Holdings' ventures include TOM Group Limited (together with Hutchison Whampoa), iMarkets Ltd, iBusiness Corporation Limited, CK Communications Ltd, Excel Technology International Holdings Ltd, mReferral Corporation (HK) Ltd and Beijing Net-Infinity Technology Development Co., Ltd.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, and one of Hong Kong's leading multi-national conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
s.
The Chairman of Cheung Kong Holdings is Li Ka Shing
Li Ka Shing
Sir Ka-shing Li, GBM, KBE, JP is a Chinese business magnate based in Hong Kong. He is the richest person of East Asian descent in the world and the eleventh richest person in the world with an estimated wealth of US$26.0 billion on 10 March 2011...
(李嘉誠), while his elder son, Victor Li, is Managing Director and Deputy Chairman.
Cheung Kong Holdings is one of the largest developers of residential, office, retail, industrial and hotel properties in Hong Kong. With its long history of property development expertise and residential estates, Cheung Kong Holdings has built many of Hong Kong's most notable landmark buildings and complexes.
Li Ka Shing founded Cheung Kong Industries in 1950s as a plastics manufacturer. Under his leadership, the company grew rapidly and eventually evolved into a property investment company. "Cheung Kong (Holdings) Limited" from the 1970s.
Component companies
In Hong Kong alone, the Group has nine companiesCorporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
.
- Cheung Kong (Holdings) Limited (長江實業(集團)有限公司) , a constituent member of the Hang Seng IndexHang Seng IndexThe Hang Seng Index is a freefloat-adjusted market capitalization-weighted stock market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong...
. - Hutchison Whampoa Limited (和記黃埔有限公司).
- Cheung Kong Infrastructure Holdings Limited (長江基建集團有限公司).
- Power Assets Holdings Limited (formerly HEH, 香港電燈集團有限公司).
- Hutchison Telecommunications International LimitedHutchison Telecommunications International LimitedHutchison Telecommunications International Limited is a leading global provider of telecommunications services. The Group currently offers mobile and fixed-line telecommunication services in Hong Kong and Israel, and operates mobile telecommunications services in Indonesia, Vietnam, Sri Lanka and...
. - Hutchison Harbour Ring Limited .
- TOM Group LimitedTOM GroupTOM Group Limited is a Chinese-language media company in the Greater China region, with business interests across markets in Mainland China, Taiwan and Hong Kong...
. - CK Life Sciences Int'l., (Holdings) Inc.CK Life SciencesCK Life Sciences International Inc. , or CK Life Sciences, is the subsidiary of Cheung Kong Holdings in Hong Kong. It is engaged in the business of research and development, commercialization, marketing and sale of biotechnology products. The chairman is Mr. Victor Li, the elder son of Mr...
(長江生命科技集團有限公司) . - TOM OnlineTOM OnlineTOM Online is a mobile Internet company in China, operating the popular Chinese-language Internet portal and offering a variety of online and mobile services, including wireless internet and online advertising. The TOM Group is the majority shareholder...
Inc.
Cheung Kong Holdings
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
and strategic investment company, with substantial interests in life sciences and other businesses.
It is one of the largest developers in Hong Kong with a long history of property development. About one in twelve of the private residences in Hong Kong were developed by the company.
The company and Sun Hung Kai Properties are together increasingly dominant in the development of new private homes, accounting for 70% of the market in 2010, up from around half of that in 2003. This concentration, with much of the rest of the market occupied by other very large firms, is attributed to the government's policy of auctioning land in expensively large blocks, squeezing out small and mid-sized firms, according to the Consumer Council.
Board of Directors
- Li Ka ShingLi Ka ShingSir Ka-shing Li, GBM, KBE, JP is a Chinese business magnate based in Hong Kong. He is the richest person of East Asian descent in the world and the eleventh richest person in the world with an estimated wealth of US$26.0 billion on 10 March 2011...
- Victor Li Tzar-kuoi
- Kam Hing Lam
- Ip Tak Cheun, Edmond
- Chung Sun Keung, Davy
- Pau Yee Wan, Ezra
- Woo Chia Ching, Grace
- Chiu Kwok Hung, Justin
- Leung Siu Hon
- Fok Kin-ning, Canning
- Frank John Sixt
- Chow Kun Chee, Roland
- George Colin Magnus
- Kwok Tun-li, Stanley
- Yeh Yuan Chang, Anthony
- Simon MurraySimon MurraySimon Murray CBE is a British businessman, adventurer, author, and former French Foreign Legionnaire. He was the oldest man to reach the South Pole unsupported, at the age of 63.- Early life :...
- Chow Nin Mow, Albert
- Hung Siu-lin, Katherine
- Wong Yick-ming, Rosanna
- Cheong Ying Chew, Henry
- Kwan Chiu Yin, Robert
- Jia Wei Liew
Group structure
The group structure of Cheung Kong Holdings is shown below:Hutchison Whampoa Ltd
Cheung Kong Holdings is the major shareholder of Hutchison Whampoa Limited (Hutchison Whampoa), with 49.97% of the shares. The Chairman of Hutchison Whampoa is also Li Ka Shing. Hutchison Whampoa is among the largest companies listed on the Main Board of the Hong Kong Stock Exchange and it operates in 55 countries. It is a Hong Kong-based multinational conglomerate and invests in five core businesses:- Ports and related services;
- TelecommunicationTelecommunicationTelecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...
s; - PropertyPropertyProperty is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
and hotelHotelA hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
s; - RetailRetailRetail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
; and - Energy, infrastructureInfrastructureInfrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
, investments and others.
Cheung Kong Infrastructure Holdings Ltd
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
. It is a Hong Kong-based diversified infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
company, focused on the development, investment and operation of infrastructure businesses in many countries such as China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, and the United Kingdom.
84.58% of the shares are held by Hutchison Whampoa
Hutchison Whampoa
Hutchison Whampoa Limited or HWL of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL is an international corporation with a diverse array of holdings which includes the world's biggest port and telecommunication operations in 14...
Limited.
Power Assets Holdings Limited
The Chairman of Power Assets Holdings Limited is Canning Fok Kin-ning. The listed Hongkong Electric group of companies comprise of:
- The Hongkong Electric CompanyHongkong Electric CompanyThe Hongkong Electric Company is one of Hong Kong's two main electricity generators. The other is China Light & Power. It is a subsidiary of Power Assets Holdings Limited, which was known as Hongkong Electric Holdings Limited until February 2011....
Limited (HEC), - Hongkong Electric International Limited (HEI),
- Associated Technical Services Limited (ATS); and
- some minor subsidiaries.
The Hongkong Electric Company Limited mainly concentrates on generation and supply of electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
on Hong Kong Island
Hong Kong Island
Hong Kong Island is an island in the southern part of the Hong Kong Special Administrative Region. It has a population of 1,289,500 and its population density is 16,390/km², as of 2008...
and Lamma Island
Lamma Island
Lamma Island , also known as Pok Liu Chau or simply Pok Liu , is the third largest island in Hong Kong. Administratively, it is part of the Islands District.-Name:...
. Hongkong Electric International Limited pursues overseas investment opportunities and Associated Technical Services Limited's principal activity is engineering consultancy and project management.
38.87% of the shares are held by CKI.
CK Life Sciences Int'l., (Holdings) Inc.
- Human health; and
- Environmental sustainability.
and owned by Mr. KP Tyagi, Meerut
The selection of CK Life Sciences by World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
as one of the 30 'Technology Pioneers' for 2004 reflects the international recognition of CK Life Sciences' status as a world class technology company and its innovative achievement in research
Research
Research can be defined as the scientific search for knowledge, or as any systematic investigation, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories, usually using a scientific method...
and development.
Property and hotels
The following are some of Cheung Kong Holdings's completed developments:- Residential/comprehensive developments: City OneCity OneCity One Shatin is a residential area in the District of Sha Tin, New Territories, Hong Kong. City One is located 12.5 kilometres north of Central. City One is the largest private residential estate in Sha Tin District. There are a total of 52 blocks of residential buildings...
Shatin, Tierra Verde and Caribbean Coast Phase I - Monterey Cove. - Hotels: Harbour Plaza Resort City and Harbour Plaza North Point.
- Office buildings: Cheung Kong CenterCheung Kong CenterCheung Kong Center is a skyscraper in Central, Hong Kong designed by Cesar Pelli. It is 62 storeys tall with height of and a gross floor area of . When completed in 1999, it was the third-tallest building in the city. It sits on the combined sites of the former Hong Kong Hilton, which was...
, World-Wide HouseWorld-Wide HouseWorld-Wide House is an office building in Central, Hong Kong. It is located between Connaught Road Central, Pedder Street and Des Voeux Road Central.-History:The site is situated on land reclaimed at the turn of the 20th century....
, Shun Tak CentreShun Tak CentreShun Tak Centre is a commercial and transport complex on the northern shore of Hong Kong Island in Sheung Wan, Hong Kong...
and The CenterThe CenterThe Center is the fifth tallest skyscraper in Hong Kong, after International Commerce Centre, Two International Finance Centre , Central Plaza and Bank of China Tower. With a height of 346 m , it comprises 73 stories. The Center is one of the few skyscrapers in Hong Kong that is entirely...
. - Industrial: Modern Warehouse.
Mainland property
Since 1992, Cheung Kong Holdings has entered a number of joint venture agreements (in many cases, together with Hutchison Whampoa) to develop properties in the MainlandMainland
Mainland is a name given to a large landmass in a region , or to the largest of a group of islands in an archipelago. Sometimes its residents are called "Mainlanders"...
. There are now projects in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, Tianjin, Changchun, Shenyang, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
, Qingdao
Qingdao
' also known in the West by its postal map spelling Tsingtao, is a major city with a population of over 8.715 million in eastern Shandong province, Eastern China. Its built up area, made of 7 urban districts plus Jimo city, is home to about 4,346,000 inhabitants in 2010.It borders Yantai to the...
, Chongqing
Chongqing
Chongqing is a major city in Southwest China and one of the five national central cities of China. Administratively, it is one of the PRC's four direct-controlled municipalities , and the only such municipality in inland China.The municipality was created on 14 March 1997, succeeding the...
, Chengdu, Wuhan, Xian, Changsha, Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
, Dongguan
Dongguan
Dongguan is a prefecture-level city in central Guangdong province, People's Republic of China.An important industrial city located in the Pearl River Delta, Dongguan borders the provincial capital of Guangzhou to the north, Huizhou to the northeast, Shenzhen to the south, and the Pearl River to...
and Zhuhai
Zhuhai
Zhuhai is a prefecture-level city on the southern coast of Guangdong province in the People's Republic of China. Located in the Pearl River Delta, Zhuhai borders Jiangmen to the northwest, Zhongshan to the north, and Macau to the south. Zhuhai was one of the original Special Economic Zones...
. It will continue to look for potential development in other Mainland
Mainland
Mainland is a name given to a large landmass in a region , or to the largest of a group of islands in an archipelago. Sometimes its residents are called "Mainlanders"...
cities.
Current developments
Some of the projects Cheung Kong Holdings is currently developing in Hong Kong:- The Legend at Jardine's Lookout
- Le Point, Tiu Keng Leng
- The Apex, Kwai Chung
- CASA 880, North Point
- Sausalito, Ma On Shan
- Celestial Heights, Ho Man Tin
- Metro Town, Tiu Keng Leng
- Central Park Towers, Tin Shui Wai
- Area 86, Tseung Kwan O (Package 1)
- Area 86, Tsueng Kwan O (Package 2)
- Festival City Phase 1,2 and 3 at Tai Wai Maintenance Centre
- Lot 2081 in DD109 at Kam Tin
Other investments
Apart from the core businessBusiness
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
of property development, Cheung Kong Holdings' ventures include TOM Group Limited (together with Hutchison Whampoa), iMarkets Ltd, iBusiness Corporation Limited, CK Communications Ltd, Excel Technology International Holdings Ltd, mReferral Corporation (HK) Ltd and Beijing Net-Infinity Technology Development Co., Ltd.