Henry Cheng Kar-shun is the elder son of Hong Kong's "Jewelry King" and property developer Cheng Yu-tung. The younger Cheng is the chairman of New World Development and Chow Tai Fook Enterprises. He oversees business interests in property, infrastructure, retail, and hospitality. A recipient of the Gold Bauhinia Star and Grand Bauhinia Medal, he founded The Better Hong Kong Foundation.