Cheung Kong Holdings

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Cheung Kong (Holdings) Limited
Traded as SEHK0001
Industry Conglomerate
Founded 1950s
Headquarters Cheung Kong Center, Hong Kong Island, Hong Kong
Key people
Li Ka Shing, Chairman
Victor Li Tzar-kuoi, Managing Director and Vice Chairman
Products Real estate, Investment, life sciences, IT, Hotels, telecommunications; & internet
Revenue HKD 32.863 billion (2010)
HKD 26.478 billion (2010)
Number of employees
9,500 (2010)
Parent CK Hutchison Holdings Limited
Footnotes / references
Associates: Hutchison Whampoa
Cheung Kong Infrastructure Holdings Limited
Hutchison Telecommunications and TOM Group
Cheung Kong Holdings
Traditional Chinese 長江實業 (集團) 有限公司
Simplified Chinese 长江实业 (集团) 有限公司

Cheung Kong (Holdings) 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 conglomerates.

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" was established in 1971.[1]

Component companies[edit]

The group structure of Cheung Kong Holdings is shown below:

Cheung Kong Holdings group structure.png

The market capitalisation of the Cheung Kong Group's Hong Kong listed companies amounted to HK$1,148 billion as at 31 January 2015. The Group operates in over 50 countries and employs over 240,000 staff worldwide.

In Hong Kong alone, the Group has nine companies.

Headquarters at the Cheung Kong Center

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.[2]

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.[3]

Its board of directors includes Wong Yuchin, Victor Li Tzar-kuoi, elder son of Li Ka-shing, Canning Fok, Simon Murray, and is chaired by Li senior.


In January 2015, Li Ka Shing confirmed the business would be restructured and its property business spun-off as a separately listed company, Cheung Kong Property.[4] Under the plans, Cheung Kong Holdings will purchase the shares in Hutchison Whampoa that it does not already own, and merge the companies under a new single holding company, CK Hutchison Holdings. The new holding company has been incorporated in the Cayman Islands, rather than Hong Kong.[5] The new holding company was established on 18 March 2015.

A new company comprising the group's existing property assets, Cheung Kong Property Holdings, will begin trading on 3 June 2015.[6]


Hutchison Whampoa Ltd[edit]

Main article: Hutchison Whampoa

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 over 50 countries.[7] It is a Hong Kong-based multinational conglomerate and invests in five core businesses:[8]

  1. Ports and related services;
  2. Telecommunications;
  3. Property and hotels;
  4. Retail; and
  5. Energy, infrastructure, investments and others.

Cheung Kong Infrastructure Holdings Ltd[edit]

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.[9]

75.67% of the shares are held by Hutchison Whampoa Limited.[8]

Power Assets Holdings Limited[edit]

Main article: Power Assets Holdings

The Chairman of Power Assets Holdings Limited is Canning Fok Kin-ning. The listed Hongkong Electric group of companies are[10]

  • The Hongkong Electric Company 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 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.[11]

CK Life Sciences Int'l., (Holdings) Inc.[edit]

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, commercialisation, marketing and sale of biotechnology products. Products developed by CK Life Sciences are categorised into two areas:

  1. Human health; and
  2. Environmental sustainability.

Property and hotels[edit]

The following are some of Cheung Kong Holdings's completed developments:

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 Mainland. 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.

Current developments[edit]

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[edit]

Apart from the core business of property development, Cheung Kong Holdings' ventures include TOM Group Limited (together with Hutchison Whampoa),[12] 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.

See also[edit]


  1. ^ "cheung kong holdings ltd (1:Hong Kong)". Businessweek. Retrieved 21 March 2013. 
  2. ^ "Cheung Kong (Holdings) Ltd". Reuters. Retrieved 18 April 2013. 
  3. ^ Kwok, Vivian (12 Aug 2010). "Two developers tower over market". South China Morning Post. Retrieved 12 Aug 2010. 
  4. ^ Yun, Michelle; Chan, Vinicy (9 January 2015). "Cheung Kong to Buy Out Hutchison in $24 Billion Restructuring". Bloomberg Business. Retrieved 12 March 2015. 
  5. ^ Sito, Peggy; Li, Sandy (25 February 2015). "Li Ka-shing's two firms set for merger as Cheung Kong shareholders approve revamp". South China Morning Post. Retrieved 12 March 2015. 
  6. ^ Wong, Imogen (20 May 2015). "New era for Li flagships". The Standard. Retrieved 19 May 2015. 
  7. ^ "Overview". Hutchison Whampoa Limited. Retrieved 12 March 2015. 
  8. ^ a b "Group structure". Hutchison Whampoa Limited. Retrieved 12 March 2015. 
  9. ^ Cheung Kong Infrastructure Holdings Limited: Chairman's message
  10. ^ Hongkong Electric Holdings Limited: About us
  11. ^ Cheung Kong Infrastructure Holdings Limited: CKI At A Glance
  12. ^ TOM Group: Company Overview

External links[edit]