Dr. Henry Cheng Kar-shun (Traditional Chinese: 鄭家純, Simplified Chinese:郑家纯 ); born 1946, Hong Kong

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...

), GBS

Gold Bauhinia Star

The Gold Bauhinia Star is the highest rank in Order of the Bauhinia Star in Hong Kong, created in 1997 to replace the British honours system of the Order of the British Empire after the transfer of sovereignty to People's Republic of China and the establishment of the Hong Kong Special...

, is a Hong Kong

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...

 entrepreneur

Entrepreneur

An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...

 and billionaire

Billionaire

A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...

.

The elder son of Dr. Cheng Yu-tung

Cheng Yu-tung

Cheng Yu-tung GBM is a Hong Kong billionaire with extensive business dealings and real estate interests in both Hong Kong and Macau. He owns the privately-held Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed New World group...

, the chairman of New World Development

New World Development

New World Development Company Limited , based in Hong Kong, is active in property, infrastructure, services and telecommunications. It was established in 1970 with Dr Ho Sin Hang as Chairman and Chow Chi Yuen as Director and General Manager...

, henry Cheng is the Managing Director of New World Development, the Chairman of NWS Holdings

NWS Holdings

NWS Holdings Limited is the conglomerate flagship of New World Development. It was established in 2002 when its predecessor, Pacific Ports Company Limited, acquired New World Services Limited from New World Development and the infrastructure assets from New World Infrastructure Limited.The company...

, New World China Land

New World China Land

New World China Land Limited is the Mainland China property flagship of Hong Kong's New World Development, owned by Dr. Cheng Yu-tung's family.It is incorporated in the Cayman Islands with limited liability. It is engaged in property development projects in Mainland China, including property...

, New World Department Store China and Taifook Securities. He is also a Standing Committee Member of the Eleventh Chinese People’s Political Consultative Conference of the People's Republic of China

People's Republic of China

China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...

.