Hong Kong tycoon Li Ka-shing’s company CK Hutchison Holdings, which recently sold its Panama Canal ports, should think twice about which side it wants to stand with, according to a scathing newspaper commentary posted by Beijing’s top office for the city’s affairs on its website. Citing criticisms calling the deal a “betrayal of all Chinese…
No. 2, Lee Shau Kee. Paul Yeung/Bloomberg This story is part of Forbes’ coverage of Hong Kong’s Richest 2025. See the full list here. Though Hong Kong’s economy grew at a modest pace of 2.5% in 2024, China’s stimulus measures lifted investor sentiment, driving up the benchmark Hang Seng index by more than a third…
President Trump’s claim that China controls the Panama Canal has placed a Hong Kong tycoon and his conglomerate at the heart of a showdown between the United States and China. That sprawling company, CK Hutchison Holdings, is one of Hong Kong’s most valuable publicly listed firms and counts some of the world’s biggest investors as…
Hong Kong tycoon Richard Li Tzar-kai is reshuffling his assets again, this time by selling his personal interest in the publisher of Hong Kong Economic Journal (HKEJ) to telecommunications group PCCW for HK$70 million (US$9 million). PCCW, in which Li controls a 31.8 per cent stake, will buy the HKEJ’s publisher Clermont Media from an…
When it comes to business between companies and governments – which has traditionally been a delicate dance – US president-elect Donald Trump and his “first buddy” Elon Musk, the world’s richest man, are redefining how it works. There have always been efforts to align the interests of the public and private spheres. The process has…
Hong Kong tycoon Li Ka-shing has said solutions for the city’s economic challenges require not only investment but also in-depth research, as he donated a “game-changing” machine that can remove cancerous tumours with ultrasound waves to a local university. The famed 96-year-old businessman made a rare public address, albeit virtually, at a press conference convened…
Beijing is worried that Hong Kong developers’ tepid response to local megaprojects may further erode investor confidence and this was why a top central government official took on the task of cajoling the private sector on behalf of city authorities, political analysts have said. Economic and property specialists said the central government’s “explicit” call to…
In the second of a two-part series, Jiaxing Li, Aileen Chuang and Salina Li explore the effects of high interest rates and other factors on the city’s commercial property market. In the heart of Causeway Bay, a bustling Hong Kong shopping district that was once a more expensive retail destination than Fifth Avenue in Midtown…
In the second of a two-part series, Jiaxing Li, Aileen Chuang and Salina Li explore the effects of high interest rates and other factors on the city’s commercial property market. In the heart of Causeway Bay, a bustling Hong Kong shopping district that was once a more expensive retail destination than Fifth Avenue in Midtown…