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Li Ka-shing
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Li Ka-shing

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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
Containers at the Balboa port previously run by CK Hutchison’s Panama Ports Company before it was seized by Panamanian authorities in February. Photo: AP
Hong Kong economy

CK Hutchison subsidiary slams Panama for missing arbitration deadline

Panama Ports Company also confirms offices were raided by alleged ‘armed security forces’ and accuses authorities of disregarding rule of law.

Hong Kong property

Hong Kong businessman expected to take loss on Peak sites he bought for US$255m

Hong Kong economy

CK Hutchison subsidiary seeks US$2 billion for Panama’s takeover of canal ports

Hong Kong economy

CK Hutchison escalates legal action over Panama ports seizure

Hong Kong tycoon Li Ka-shing’s conglomerate accuses Panama authorities of ignoring requests for communication and keeping group in the dark.

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Panamanian police search a Panama Ports Company office. Photo Reuters
Millionaires and billionaires

China reclaims title as world’s billionaire capital: Hurun Rich List

Global billionaire population hits record, led by Elon Musk, as China adds 287 names and AI emerges as a top wealth generator.

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Hong Kong economy

Panama raids CK Hutchison subsidiary office, days after taking over canal ports

Panamanian media says local authorities searched office of Panama Ports Company, which operated Balboa and Cristobal ports until this week.

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Hong Kong stock market

Hong Kong stocks cap worst month since October on AI disruption angst

Concerns over AI’s disruptive impact on traditional industries continue to unsettle investors.

The so-called AI scare trade has roiled global stocks in February. Photo: AFP
Hong Kong economy

Panama’s port takeover ‘culmination of a campaign’ against CK Hutchison

Company says officials entered terminals ‘without invitation’, told staff concession had ended and ordered immediate halt to operations.

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Hong Kong Monetary Authority (HKMA)

Letters | Can Hong Kong’s Exchange Fund capture the growth of tomorrow?

Readers discuss the Hong Kong Monetary Authority’s investment strategy in comparison with Singapore’s Temasek, Australia’s media bargaining mechanism, and Chinese New Year Cup ticketing.

Hong Kong courts

Henderson Land’s Martin Lee sues actress Chrissie Chau for defamation

Chairman accuses actress of spreading malicious rumours about their supposed relationship for personal fame.

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Businessman Martin Lee has accused Chrissie Chau of fabricated a “special relationship” with him in media interviews while she was promoting a film in 2016. Photo: Sam Tsang
Hong Kong economy

CK Hutchison pursues ‘all legal options’ on Panama ports, invites consultations

Conglomerate says authorities have ‘advanced steps towards a forced exit’ of Panama Ports Company (PPC) and are preparing to transition port operations.

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The Panama Ports Company operates two terminals in the strategic canal. Photo: Reuters
Millionaires and billionaires

Li Ka-shing tops Hong Kong’s billionaire list with US$45.1 billion: Forbes

The collective net worth of tycoons on Hong Kong’s 50 Richest list rose 22 per cent to US$366 billion.

Foreign domestic workers in Hong Kong

Hong Kong’s Li Ka Shing Foundation gifts 5,000 Disneyland tickets to domestic helpers

Expanded charity scheme will treat workers from six nations to free day at the theme park with meals and transport covered.

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Hong Kong politics

Ports row prompts Hong Kong investors to reassess stakes in Panama: John Lee

City leader also says Hong Kong government fully supports Beijing’s intention to safeguard rights of Chinese enterprises.

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The Port of Balboa in Panama. Photo: AFP
Hong Kong economy

Hong Kong summons Panama envoy over court ruling on CK Hutchison ports concession

Commerce minister Algernon Yau says Panama ruling to strip Li Ka-shing firm’s subsidiary of canal port rights ‘undermines’ trade rules.

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Panama’s Supreme Court of Justice last week stripped dock operational rights from the Panama Ports Company, a subsidiary of the conglomerate led by Hong Kong billionaire Li Ka-shing’s family. Photo: AP
US-China relations

Panama ports defeat shows China faces tougher test in Latin America

China pushed back after Panama stripped CK Hutchison of two Panama Canal ports as Beijing contends with more active US competition in Latin America.

Hong Kong economy

CK Hutchison takes Panama to arbitration after court voids canal port rights

Move comes after Beijing called ruling self-sabotaging and warned Panama would pay heavy political and economic price.

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Hong Kong economy

CK Hutchison faces limited legal options after Panama voids port rights: experts

Beijing will need to step in if the case is to be brought to an international court in The Hague, legal expert tells SCMP.

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A Panama court ruling has stripped the Hong Kong-based conglomerate’s subsidiary, Panama Ports Company of its right to operate the Balboa and Cristobal terminals. Photo: Reuters
Hong Kong economy

CK Hutchison tipped to sell remaining ports despite Panama court ruling: experts

But effort by billionaire Li Ka-shing’s conglomerate will still face scrutiny from Beijing and deal may be re-evaluated, analysts tell SCMP.

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Hong Kong economy

Beijing, Hong Kong slam Panama court ruling on CK Hutchison ports concession

Supreme Court rules port contract of firm’s subsidiary ‘unconstitutional’.

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Hong Kong society

Wild boar carcass found near Li Ka-shing’s home in Hong Kong sparks brief scare

Video circulating online shows police and fire vehicles outside residence after security guard notifies authorities of strong odor.

The carcass was found near the premises of tycoon Li Ka-shing’s Deep Water Bay mansion. Photo: Handout
Mainland China

Watson pivots to ‘instant retail’, community stores to revitalise China sales

Watsons currently operates more than 17,000 stores in 31 markets around the world.

A Watsons store in Chengdu, Sichuan province, China, August 23, 2019. Photo: Shutterstock Images
Mergers & Acquisitions

Li Ka-shing’s CK Infrastructure gets nod to sell UK train leasing firm

Deal to dispose of UK Rails (Eversholt Rail), which was bought in 2015, ‘will generate substantial revenue’, company says.

Hong Kong economy

Could 2026 be the make-or-break year of CK Hutchison’s Panama ports deal?

What began as a strategic exit for a Hong Kong conglomerate has devolved into a high-stakes stand-off between Washington and Beijing.

Hong Kong’s Tai Po fire tragedy

Nina Wang trust donates HK$100 million to fire victims, surpassing Li Ka-shing

The sum exceeds HK$80 million donated by Li Ka Shing Foundation, which made its contribution a day after last month’s deadly blaze in Tai Po.

The Wang Fuk Court fire killed at least 160 people and displaced more than 4,000 residents. Photo: Karma Lo
Hong Kong politics

Advisory panel urges US Congress to put Hong Kong on tighter sanctions leash

Report says government’s ongoing crackdown on dissidents ‘has eliminated a once vibrant civil society and created an atmosphere of repression comparable to mainland China’.

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The advisory panel to the US Congress has recommended passing a law that would only allow Hong Kong to keep its official status as a US dollar trading hub if it followed all American sanctions. Photo: Felix Wong
Hong Kong society

Veteran suit maker recounts the rise and fall of Hong Kong tailoring industry

Master Woo, who dressed prominent figures such as tycoon Li Ka-shing, says greatest regret is not being able to pass on decades-long experience to next generation.

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Hong Kong property

Li Ka-shing’s CK Asset, SHKP among six bidders for MTR’s Tuen Mun site

The site, with a residential gross floor area of more than 600,000 sq ft, is expected to generate some 1,280 flats and car park spaces.

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