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Li Ka-shing
TOPIC
 / people

Li Ka-shing

Li Ka-shing
Li Ka-shing
Li Ka-shing is Hong Kong's richest person. He is chairman of the board of conglomerate CK Hutchison Holdings.
Born
29 Jul 1928
Industry
Business
Job Title
Founder, Cheung Kong Group
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Former US defence researcher Zhan Hanyu joins China’s elite aerospace university

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In December, Zhan Hanyu became a full-time professor at the college of automation engineering at Nanjing University of Aeronautics and Astronautics after studying and working in the US for more than 15 years. Photo: The Paper
Li Ka-shing (centre) during his final annual general meeting as the chairman of his flagship companies CK Hutchison Holdings and CK Asset Holdings in Hung Hom on 10 May 2018, before his retirement. Photo: Sam Tsang
Mergers & Acquisitions

Li may swing BlackRock deal with just 15% of minority owners’ votes

Minority shareholders are also expected to support the sale to receive a special bonus of as much as HK$25 a share, they said.

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Hong Kong politics

BlackRock-Hutchison Panama ports deal: 25-year timeline to troubled waters

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Hong Kong property

Two of Hong Kong’s biggest developers miss profit goals amid slump

Mergers & Acquisitions

Hutchison stays mum on plan to sell port assets amid Panama spat, China rebuke

No event that might require disclosure was identified, Hutchison said, leaving the onus on shareholders to question the directors at its AGM on May 22.

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The entrance of the Balboa Port in Panama. Photo: Reuters
Hong Kong economy

Black eye for BlackRock-Hutchison Panama ports deal? Not so easy, say experts

Legal tools to smash the sale are not really available as Hong Kong is a very free place for business, observers say.

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US-China trade war

What’s behind the pro-Beijing camp’s criticism of the Panama ports deal?

The backlash against Hutchison’s ports sell-off is designed to send a message to other Chinese firms with overseas assets, analysts say.

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Hong Kong politics

Hutchison’s Panama ports deal must comply with the law: Hong Kong’s John Lee

Beijing conducting major review of port and shipping assets held by private mainland and local businesses, source says.

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Chief Executive John Lee has said concerns arising from the sale of Panama Canal ports by tycoon Li Ka-shing’s CK Hutchison Holdings deserve “serious attention”. Photo: Elson Li
Hong Kong politics

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Hong Kong economy

BlackRock, buyer of Hong Kong Hutchison’s Panama ports, in the spotlight

Elite US institutional investor has a significant presence in Hong Kong but has kept a studiously low profile.

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Hong Kong economy

Can Hong Kong’s Hutchison ride out storm over Panama ports deal after Beijing attack?

Experts say Hutchison, part of tycoon Li Ka-shing’s empire, is now caught in a dilemma and might end up being punished by both the United States and China.

50
Hutchison Port Group has a 90 per cent stake in the Balboa and Cristobal docks at either end of the Panama Canal. Photo: AP
Hong Kong stock market

China’s fiery criticism of Panama port deal puts pressure on Li Ka-shing family

The US$23 billion sale is not final, but needs no Chinese or Hong Kong approval, leaving CK Hutchison to decide whether to proceed, analysts say.

31
A cargo ship traverses the Agua Clara Locks of the Panama Canal in Colon, Panama, on September 2, 2024. Photo: AP
Hong Kong politics

Top Beijing office runs scathing attack on Panama deal by Hong Kong’s Hutchison

Conglomerate under fire over bombshell announcement it is selling Panama Canal port operations in deal led by US firm BlackRock.

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Diplomacy

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US president’s Panama Canal move, while having made a lot of money for HK tycoon, is more like misdirected fire than a win over Beijing.

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CK Hutchison

S&P expresses concern about CK Hutchison’s diversification after ports sale

‘The completion of the transaction could also lead us to revisit our assessment of CKHH’s business diversification,’ S&P says.

People passed the Cheung Kong Center in Central. Photo: AFP
Hong Kong

Li Ka-shing’s CK Life to post loss on higher R&D outlay, lower vineyard value

The company said the loss for 2024 could come in at HK$126.6 million (US$16.3 million) versus a profit of HK$17.3 million the previous year.

An undated view of the Edinger Estate vineyard in Western Australia. Photo: Handout
Hong Kong politics

1 word to unpack Hutchison’s exit from Panama and other ports: geopolitics

Li Ka-shing’s company would have come under increased US scrutiny and risked fight in American court if it held on to overseas docks, sources say.

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Hong Kong economy

How Li Ka-shing turned Hong Kong’s CK Hutchison into a Panama power player

The Post revisits how firm’s port empire was built and looks ahead at what the surprise divestment means for future of world trade.

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Mergers & Acquisitions

Li Ka-shing’s Hutchison steps back from global ports amid trade war

CK Hutchison said it would sell 80 per cent of its stakes in 43 ports in 23 countries, including Panama but excluding mainland China and Hong Kong.

6
Hong Kong tycoon Li Ka-shing during a news conference following a shareholders meeting in Hong Kong May 20, 2011 before his retirement from the company. Photo: Reuters
Hong Kong economy

Hong Kong Disneyland reports record profit, plans more free tickets for helpers

Net profit in 2023-2024 rebounded to HK$838 million from a net loss of HK$356 million in 2022-23, the first profit in a decade.

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Hong Kong property

CK Asset raises Blue Coast II flat prices amid Hong Kong market optimism

Price of the next batch of 62 units raised by 2 per cent to an average of HK$22,781 (US$2,930) per square foot.

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Hong Kong property

Hong Kong tycoon’s family sells The Center office floors at 34% loss

Ma Ah-muk bought the floors in 2018 from Li Ka-shing’s CK Asset as part of what was then the world’s priciest property transaction.

The Center (centre) towers over neighbouring buildings in Central on November 2, 2017. Photo: Nora Tam
Panama

Panama lawsuit seeks to cancel Hong Kong company’s canal contract

Lawyers accuse a subsidiary of CK Hutchison Holdings of violating the constitution and evading taxes.

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A container ship transits the Panama Canal in Panama City. Photo: Getty Images/TNS
Artificial intelligence

Ex-JPMorgan executive, local businessmen start GenAI-powered logistics platform

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Hong Kong society

Hong Kong’s Li Ka Shing Foundation gives 4,200 Disneyland tickets to helpers

Charity outings on two Sundays a show of gratitude for domestic helpers’ contributions to local families.

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Hong Kong politics

Trump wants the Panama Canal. Just empty talk, or a real threat for Hong Kong?

Panama has rejected president-elect’s threats, but Hong Kong and mainland Chinese companies have much at stake.

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A cargo ship in the Agua Clara Locks of the Panama Canal. Photo: AFP
Hong Kong property

Hong Kong property: 10,000 new flats set to hit market in 2025

Low prices will persist as developers offload inventory, but the market will fail to woo investors, according to experts.

A man fishes in view of Pavilia Forest, developed by New World Development in Hong Kong’s Kai Tak area, on July 21, 2024. Photo: Edmond So
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Hong Kong’s failed land tender reflects caution among big developers

Development costs, poor returns may be holding back developers from URA joint ventures, analysts say.

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China stock market

Hurun Rich List: China’s wealthiest lose money due to economy and market slides

The collective wealth of China’s wealthiest people slumped 10 per cent from a year earlier to US$2.97 trillion.

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