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Victor Li

Hong Kong’s Capital Investment Entrant Scheme has received nearly 350 applications as of July 5. Photo: Xiaomei Chen

Family office operators in Hong Kong plan US$100 million capital-investment fund

Wings Capital has teamed up with other family offices in the city to set up a fund that will invest for CIES applicants, partner Cliff Ip says.

Wings Capital has teamed up with other family offices in the city to set up a fund that will invest for CIES applicants, partner Cliff Ip says

21 Jul 2024 - 12:20AM

Elder scion of Hong Kong’s wealthiest clan mulls a family office

11 Jul 2024 - 10:32AM

ParknShop imports mainland goods as Hongkongers hunt for bargains in Shenzhen

23 May 2024 - 7:31PMvideocam

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

Victor Li Tzar-kuoi, chairman of CK Infrastructure, says he is open to investing anywhere in the world provided the returns are reasonable. Photo: Handout

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

CK Hutchison’s Victor Li and Canning Fok step aside as managing directors

Li and Fok will stay on as co-executive directors, while Fok will serve as deputy chairman and chairman of its telecoms arm.

23 Mar 2024 - 11:12PM

Hong Kong must do whatever it takes to maintain financial hub status: Victor Li

‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.

21 Mar 2024 - 8:37PM

CK Asset Holdings signage is seen at the construction site of the Cheung Kong Center II commercial building in Central. Photo: Bloomberg

Arrest of suspected murderer puts Hong Kong’s long crime wave back in spotlight

Arrest brings back memories of gunfights on the streets between police and armed gangs in 1980s-90s.

13 Nov 2023 - 9:41PM

Li Ka-shing’s CK Asset to resume buy-backs to boost share price, analysts say

Citi and Jefferies, which have lowered their target prices for the developer’s stock, see more buy-backs as likely given that the company has ‘limited positive catalysts’ to drive its stock price in the near term.

4 Aug 2023 - 4:30PM

Li Ka-shing’s flagships see profits plunge as high interest rates take a toll

CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Hong Kong’s richest man Li Ka-shing, reported a drop in their first-half earnings, as the high interest rate environment continued to pile pressure on businesses in the city.

3 Aug 2023 - 6:58PMvideocam

Flags of CK Hutchison outside the Cheung Kong Centre in Central. The conglomerate said net profits plunged 41 per cent to HK$11.2 billion (US$1.43 billion). Photo: SCMP Pictures

High-powered think tank to boost Hong Kong’s socio-economic development unveiled

More than 50 academics and business leaders with extensive experience of China lined up for new group.

31 May 2023 - 1:22AMvideocam

A high-powered advisory group to help boost Hong Kong’s socio-economic position has been unveiled. Photo: Jelly Tse

Victor Li says government has to ‘make the numbers work’ for Lantau project

Financial Secretary Paul Chan has said the government will push ahead with moves to increase land supply as high housing prices remain an issue.

19 May 2023 - 6:00AM

Li Ka-shing’s energy flagship has US$2.3 billion cash for shopping

The younger Li’s comment underscores how many of the world’s biggest and wiliest investors are taking advantage of cheap valuations caused by the pandemic-led global economic slump to hunt for bargains.

17 May 2023 - 7:00PM

Li Ka-shing flagship firms post profit rise, showcase strength of diverse portfolio

Li Ka-shing, Hong Kong’s richest man, has shown how a diverse portfolio of investments has helped his flagship companies thrive, even as his city was saddled by the most severe economic slump in decades during the Covid-19 pandemic.

16 Mar 2023 - 9:50PMvideocam

Li Ka-shing’s Cheung Kong Center II development in Hong Kong’s Central. The 41-storey office building is expected to be completed this year. Photo: Jonathan Wong

New faces in Beijing after ‘two sessions’ is good news for Hong Kong: analysts

New executive vice-premier in Beijing, Ding Xuexiang, poised to take over oversight role for Hong Kong and Macau.

15 Mar 2023 - 9:37AMvideocam

New Chinese Vice-Premier Ding Xuexiang (left) after the closing session of the National People’s Congress in the Great Hall of the People, Beijing. Photo: EPA-EFE

Hong Kong’s richest man plans to add 15,075 homes to city’s supply

The land value is estimated at HK$22 billion, although Hutchison has not put a price tag on developing the project.

10 Mar 2023 - 8:13PM

Beijing official for Hong Kong affairs urges city delegates to be ‘more proactive’

Hong Kong and Macau Affairs Office director Xia Baolong also tells Hong Kong delegates to promote implementation of ‘one country, two systems’ principle.

4 Mar 2023 - 1:52AMvideocam

Victor Li’s CK Life partners Chinese medtech firm to develop cancer vaccines

The Hong Kong-listed healthcare company, a unit of CK Hutchison Group, and XtalPi aim to use an AI platform to discover and design preclinical tumour vaccine candidates.

25 Nov 2022 - 5:15PMvideocam

The AI-based drug discovery market is expected to grow to US$5.6 billion by 2029 from US$626.6 million last year. Photo: Shutterstock

Li Ka-shing’s CK Hutchison, CK Asset post first-half earnings increases

CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Li Ka-shing, Hong Kong’s richest man, reported increases in their first-half results on Thursday, despite a “worrisome” Covid-19 situation in mainland China and Hong Kong.

4 Aug 2022 - 7:50PMvideocam

CK Asset bids for Evergrande’s Hong Kong tower in lifeline for developer

The 26-storey tower, bought by Evergrande for HK$12.5 billion (US$1.61 billion) in 2015, is one of the key assets marked for disposal by the distressed Shenzhen-based developer.

28 Jul 2022 - 5:45PMvideocam

Li family’s flagships beat earnings forecasts with assets, discipline

The conglomerate, with businesses touching almost every aspect of the average Hongkonger’s life, said it was able to pull through the pandemic because of its “financial discipline, resilience and agility.”

17 Mar 2022 - 7:23PM

People walk before flags of CK Hutchinson Holdings outside the company’s headquarters in Hong Kong on March 21, 2019.Photo: AFP

CK Asset sells London office block to Korean pension fund for US$1.6 billion

CK Asset Holdings bought 5 Broadgate, the London headquarters of UBS, with proceeds from the sale of The Center office tower in Hong Kong.

12 Mar 2022 - 1:25AMvideocam

CK Asset on Friday said that it had sold the 5 Broadgate office building next to Liverpool Street railway station in London. Photo: Handout

Victor Li’s UK power asset attracts bidders in potential billion-dollar deal

The preliminary expression of interest has yet to be ‘properly analysed’, Victor Li companies say.

5 Mar 2022 - 8:00AM

CK Hutchison gets conditional approval to sell UK tower assets in US$4 billion deal

Britain’s competition watchdog has approved CK Hutchison Holdings’ sale of its tower assets in the United Kingdom to Spanish mobile telephone infrastructure operator Cellnex Telecom in a deal valued at about €3.7 billion (US$4 billion).

4 Mar 2022 - 4:00PM

CK Asset beats 15 rivals with US$91.8 million bid for Yuen Long plot

The land at the junction of Lau Yip Street and Chung Yip Road can yield a gross floor area of 78,575 sq ft, Lands Department says.

18 Aug 2021 - 10:16PMvideocam

The plot of land at the junction of Lau Yip Street and Chung Yip Road in Yuen Long, which has been won by CK Asset Holdings. Photo: May Tse

Li Ka-shing’s flagships post better-than-expected results amid recovery

The two sets of financial results by one of Hong Kong’s bellwether conglomerates underscore how two successive quarters of economic growth is slowly trickling into corporate earnings, as the city continues to grapple with a recession and record high unemployment wrought by the coronavirus pandemic.

5 Aug 2021 - 11:04PM

CK Hutchison Holdings’s flags outside the company's headquarters in Hong Kong on March 21, 2019. Photo: AFP

Profits slump at Li Ka-shing’s flagships Hutchison and CK Asset

CK Hutchison and CK Asset posted sharply lower profits as economic disruptions caused by the pandemic took a toll on operations ranging from ports to property.

18 Mar 2021 - 8:47PMvideocam

Richest entrepreneurs at ‘two sessions’ have seen wealth grow 68 per cent: Hurun

The top richest entrepreneurs attending China’s annual parliamentary meetings this year have seen their fortunes swell by an average of 68 per cent over the past year, according to research company Hurun Report.

5 Mar 2021 - 5:45PM

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Victor Li

Victor Li Tzar-Kuoi is the elder son of Li Ka-shing, a rags-to-riches tycoon known as “Superman” in Hong Kong, his adoptive home. Li Ka-shing in 2012 anointed Victor Li to follow him at the helm of flagship property developer Cheung Kong (Holdings) Ltd, and Hutchison Whampoa Ltd, a conglomerate whose activities span ports, telecoms retailing, energy and infrastructure. His younger brother is Richard Li Tzar-kai, chairman of phone, pay-television and Internet company PCCW Ltd, formerly Hongkong Telecom.