TOPIC

/ people

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

last updated:

7 October, 2024

General view of Kowloon City Market and Cooked Food Centre in Kowloon City. Photo: Yik Yeung-man

Hong Kong property

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.

31 Oct 2024 - 10:00AMvideocam

China stock market

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

29 Oct 2024 - 5:47PM

Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

24 Oct 2024 - 6:32PMvideocam

Hong Kong property

Leading Hong Kong developer prices flats at 20% below development cost

Li Ka-shing’s flagship developer has priced the first batch of flats at an average of HK$21,526 per square foot, below the HK$28,000 development cost.

10 Oct 2024 - 5:00PM

CK Asset has revealed the initial price list for 128 flats at Blue Coast II. The batch comprises 78 two-bedroom and 50 three-bedroom units with areas ranging from 485 to 781 sq ft. Photo: Google Maps

Hong Kong courts

Monk in Hong Kong accused of misleading public over reasons for meat consumption

School director Peggy Chen says monk Tam Wei-keong ‘unnecessarily’ implicated her for his rule-breaking behaviour, according to court document.

4 Oct 2024 - 8:12PM

Health & Fitness

Ultrasound cancer treatment, supported by Li Ka-shing, gains traction in Asia

Focused ultrasound, backed by Li Ka-shing, is emerging as a non-invasive, commercially viable cancer treatment, attracting significant investments.

29 Sep 2024 - 7:09PMvideocam

Hong Kong economy

Letters | Gym chain closure not fitting in city like Hong Kong

Readers discuss the shutting down of a fitness chain, and a foundation’s donation of a cutting-edge healthcare device.

27 Sep 2024 - 3:47PM

Ads for Hong Kong gym chain Physical, which announced it was shutting down after 38 years of business, at a building in Wan Chai on September 10. Photo: Sam Tsang

Hong Kong property

CK Asset is first off the blocks touting new flat sale ahead of rate cut

Li Ka-shing’s flagship developer says it will put 558 units on the south side of Hong Kong Island on sale as soon as next month.

16 Sep 2024 - 7:30PM

Mergers & Acquisitions

UK watchdog shows Vodafone-Three merger a path forward despite concerns

Vodafone’s US$19.7 billion deal for the network owned by Li Ka-shing’s CK Hutchison Holdings would create the UK’s largest carrier.

13 Sep 2024 - 9:30PM

Hong Kong healthcare and hospitals

Hong Kong’s Li Ka Shing Foundation funds non-invasive liver cancer treatment

Li Ka Shing Foundation donates Asia’s first cutting-edge, non-invasive device for treatment of liver cancer to city’s oldest university.

27 Aug 2024 - 6:45PM

Business magnate Li Ka-shing (centre) also made a virtual appearance at the ultrasound medical device’s unveiling on Tuesday. Photo: Xiaomei Chen

Hong Kong property

Hong Kong homebuyers would forfeit deposits to await lower prices

The 308 cases in the first half have already exceeded last year’s total of 261, according to Centaline. But buyers could be chased down by developers to pay the difference in resale prices, agent warns.

20 Aug 2024 - 5:12PM

Potential buyers view a model of CK Asset’s #Lyos housing project during its launch in November 2021. A few buyers have forfeited their deposits for units in the project. Photo: Edmond So

Hong Kong property

Li Ka-shing’s entities post lower profits, won’t bet against Hong Kong’s outlook

Earnings at CK Hutchison and CK Asset weakened in the first half of 2024 amid global trade conflicts and property market slump at home, according to stock exchange filings.

15 Aug 2024 - 8:00PMvideocam

Hong Kong stock market

Hong Kong’s CK Infrastructure gets approval for secondary listing in London

Company says listing on London Stock Exchange will benefit its ‘geographically diverse shareholder base’ and build its profile. It comes amid a buying spree of renewable energy assets in the UK.

15 Aug 2024 - 9:15AM

Business of climate change

Li Ka-shing’s infrastructure unit acquires 32 UK wind farms for US$448.5 million

The company’s third such investment in 2024 follows a deal for a natural-gas network in Northern Ireland in April and the purchase of 70 UK solar, wind and hydropower assets in May.

14 Aug 2024 - 12:30PM

The portfolio of 32 onshore wind farms in the UK is the company’s third such purchase this year. Photo: Handout

Singapore

Kishore Mahbubani on Singapore’s ‘secrets’ to success and why he annoyed Lee Kuan Yew

In his book ‘Living the Asian Century’, the veteran diplomat explains the principles behind Singapore’s winning governance model.

11 Aug 2024 - 3:41PMvideocam

Singapore

How Kishore Mahbubani got S$100 million in 3 minutes from Hong Kong’s Li Ka-shing

In his book ‘Living the Asian Century’, the veteran diplomat recalls how a bold request led to a stunningly generous donation for his school.

11 Aug 2024 - 4:13PM

Health & Fitness

Li Ka-shing’s HutchMed sets up first drugs research facility in Hong Kong

Research facility at the Hong Kong Science and Technology Park will conduct drug discovery in collaboration with university medical schools.

3 Aug 2024 - 8:52AM

Business of climate change

Li Ka-shing’s CK Infrastructure considering secondary listing overseas

The Hong Kong-listed company controlled by the city’s wealthiest family says London is one of the options for a listing that will not include raising funds.

11 Jul 2024 - 8:47PM

Flags of CK Group are seen outside Cheung Kong Centre, the conglomerate’s headquarters in Central, Hong Kong. Photo: SCMP

China economy

Opinion | To boost investor enthusiasm for China, start with Hong Kong tycoons

When it comes to China, many international investors take their cue from Hong Kong’s business leaders – like they did 45 years ago.

1 Jul 2024 - 5:30AMvideocam

Hong Kong property

Cash-rich buyers splurge on Hong Kong homes after cooling curbs

Activity by veteran investors like the former CEO of the Hong Kong stock exchange signals a more optimistic outlook, experts say.

23 Jun 2024 - 10:19PM

Banking & finance

Hong Kong’s WeLab eyes setting up digital banks, selling tech in Southeast Asia

The fintech unicorn backed by billionaire Li Ka-shing is looking at setting up digital banks across Southeast Asia and providing its technology services to conglomerates in Malaysia, Vietnam, Thailand and the Philippines.

20 Jun 2024 - 3:42PMvideocam

The expansion plan forms part of the target the company set last year to grow its users to 500 million by 2032, according to founder Simon Loong. Photo: WeLab

Retailing

ParknShop imports mainland goods as Hongkongers hunt for bargains in Shenzhen

The supermarket chain is importing more products from mainland China in a bid to lure Hongkongers who have taken to travelling to Shenzhen and other mainland cities where they can shop and dine for cheaper, says chairman of CK Hutchison.

23 May 2024 - 7:31PMvideocam

In 2023, the geographical segment of AS Watson that includes ParknShop saw revenue plummet 15 per cent. Photo: K. Y. Cheng

Victor Li

CK Infrastructure’s Victor Li will invest in Hong Kong if returns are reasonable

‘Hong Kong is our hometown, [and] if there are projects with reasonable returns, we will definitely invest,’ Victor Li says at CK Infrastructure’s annual general meeting on Wednesday.

22 May 2024 - 3:33PM

Business of climate change

Li Ka-shing’s CK Infrastructure buys more UK renewable energy assets

CK Infrastructure’s US$113.5 million purchase of UU Solar, its second acquisition of UK renewable-power assets in two weeks, includes 70 solar, wind and hydropower projects.

7 May 2024 - 6:16PM

Energy

3 Li Ka-shing firms acquire Northern Ireland’s largest natural gas network

A consortium of CK Infrastructure, CK Asset Holdings and Power Assets Holdings is acquiring the largest natural gas network company in Northern Ireland. The deal is expected to be completed by the end of April.

24 Apr 2024 - 10:10PM

Phoenix Energy covers nearly half of the local population of Northern Ireland, including Greater Belfast, and covers 78 per cent of gas connections in the country. Photo: Handout

Hong Kong society

Hong Kong’s Solina Chau to give HK$3,300 to female students taking university exam

Initiative comes after government says it will stop paying exam fees for candidates in 2025 due to budget deficit.

15 Apr 2024 - 8:27PM

The Hong Kong government has said it will stop paying the examination fee for candidates in the coming year due to a budget deficit. Photo: Handout

Hong Kong property

CK Asset releases third price list for Blue Coast, sets stage for weekend sales

The third price list covers 174 units and is 1.73 per cent higher than the first price list. CK Asset released the first price list for 138 units last Friday and a second one for 110 units last Saturday.

2 Apr 2024 - 9:30PM

Hong Kong property

CK Asset lists 110 more Blue Coast flats after 8,000 buyers jump at first 138

Second price list for Wong Chuk Hang project includes two- and three-bedroom flats priced from HK$9.05 million (US$1.16 million) to HK$24.7 million.

31 Mar 2024 - 3:39PM

Help preserve 120 years of quality journalism.

SUPPORT NOW