https://www.scmp.com/rss/161652/feed Li Ka-shing is Hong Kong's richest person. He is chairman of the board of conglomerate CK Hutchison Holdings. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Theodora Yu Theodora Yu A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has expanded international arbitration claims against Panama, alleging damages have “escalated beyond US$2 billion” in what it called an “illegal takeover” of ports and property. The Panama Ports Company (PPC), part of Hong Kong tycoon Li Ka-shing’s family-owned conglomerate, announced the expanded claims on Tuesday local time - a month after the takeover of terminals at the ports of Balboa and Cristobal at the Panama Canal. The move... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347783/hong-kongs-ck-hutchison-expands-panama-ports-claim-losses-surpass-us2-billion?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347783/hong-kongs-ck-hutchison-expands-panama-ports-claim-losses-surpass-us2-billion?utm_source=rss_feed Wed, 25 Mar 2026 02:12:22 +0000 Edith Lin Edith Lin Panamanian President Jose Raul Mulino has accused a subsidiary of Hong Kong conglomerate CK Hutchison Holdings of lying about the country’s response to an arbitration initiated by the company over the seizure of two strategic ports. Mulino’s rebuttal on Thursday was in response to claims several days earlier by the Panama Ports Company (PPC) that his government had failed to file a response to the company’s request for arbitration by the deadline of March 13. The company filed the request after... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347254/panama-president-accuses-ck-hutchison-subsidiary-lying-about-arbitration-response?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347254/panama-president-accuses-ck-hutchison-subsidiary-lying-about-arbitration-response?utm_source=rss_feed Fri, 20 Mar 2026 04:29:44 +0000 Cheryl Arcibal,Peggy Ye Cheryl Arcibal,Peggy Ye CK Hutchison Holdings, one of the flagship companies owned by Hong Kong billionaire Li Ka-shing’s family, reported a 7 per cent increase in underlying profit for 2025, as the company predicted its businesses would face “new and perhaps unforeseen challenges” in 2026. The ports-to-telecoms conglomerate said on Thursday that underlying profit reached HK$22.3 billion (US$2.85 ‌billion) last year, compared with HK$20.8 billion a year earlier. Including a one-time ⁠accounting loss, net profit fell... https://www.scmp.com/business/article/3347168/hong-kongs-ck-hutchison-reports-7-gain-underlying-profit-amid-unforeseen-challenges?utm_source=rss_feed https://www.scmp.com/business/article/3347168/hong-kongs-ck-hutchison-reports-7-gain-underlying-profit-amid-unforeseen-challenges?utm_source=rss_feed Thu, 19 Mar 2026 09:32:39 +0000 Connor Mycroft Connor Mycroft A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panama of missing a deadline for international arbitration initiated by the company, as it confirmed its offices had earlier been raided by alleged “armed security forces”. Panama Ports Company (PPC) on Tuesday also accused authorities of silencing the country’s press and disregarding the rule of law, as it continued to paint the Central American nation as a risk to foreign investors following the seizure of its two... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3346839/ck-hutchison-subsidiary-slams-panama-missing-arbitration-deadline?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3346839/ck-hutchison-subsidiary-slams-panama-missing-arbitration-deadline?utm_source=rss_feed Tue, 17 Mar 2026 05:10:49 +0000 Peggy Ye Peggy Ye Luxury residential property on Hong Kong’s Peak Road owned by businessman Chan King-wai has been put up for sale by public tender, several years after he acquired it from companies linked to CK group. Marketing agent JLL said on Monday that the adjoining sites at 86, 88 and 90 Peak Road are being offered for joint sale by tender. The residential lots have a combined area of about 28,620 sq ft. The site could attract bids of about HK$70,000 (US$8,939) to HK$100,000 per square foot, said Joseph... https://www.scmp.com/business/article/3346780/hong-kong-businessman-expected-take-loss-peak-properties-he-bought-us255m?utm_source=rss_feed https://www.scmp.com/business/article/3346780/hong-kong-businessman-expected-take-loss-peak-properties-he-bought-us255m?utm_source=rss_feed Mon, 16 Mar 2026 11:53:05 +0000 Connor Mycroft Connor Mycroft A subsidiary of Hong Kong conglomerate CK Hutchison Holdings is seeking US$2 billion in damages from the Panamanian government over what it described as the “illegal takeover” of the operations of two ports at either end of the strategic canal. In a statement issued on Friday, the Panama Ports Company (PPC) said it had submitted the claim for arbitration against the country under the rules of the International Chamber of Commerce, vowing it would not “relent” or seek “token relief” for the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345828/ck-hutchison-subsidiary-seeks-us2-billion-panamas-takeover-canal-ports?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345828/ck-hutchison-subsidiary-seeks-us2-billion-panamas-takeover-canal-ports?utm_source=rss_feed Sat, 07 Mar 2026 13:14:45 +0000 Denise Tsang Denise Tsang Hong Kong conglomerate CK Hutchison Holdings has stepped up legal action in response to what it called Panamanian authorities’ unlawful takeover of the operations of two ports at either end of the strategic canal. The group, led by the family of Hong Kong tycoon Li Ka-shing, said on Friday it had submitted a supplement to its earlier petition against the Panamanian state for international arbitration. The supplement alleged that Panama continued to ignore the firm’s requests for communication... https://www.scmp.com/news/hong-kong/politics/article/3345722/ck-hutchison-escalates-legal-action-over-panama-ports-seizure?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3345722/ck-hutchison-escalates-legal-action-over-panama-ports-seizure?utm_source=rss_feed Fri, 06 Mar 2026 09:15:56 +0000 Zhu Wenqian Zhu Wenqian More of the world’s billionaires live in China than anywhere else, after stock market gains and artificial intelligence generated a record number of billionaires globally, according to the latest Hurun Global Rich List. China overtook the United States to recapture bragging rights on the annual report released by Hurun Group on Thursday, with 1,110 billionaires out of 4,020 globally. China added 287 billionaires since the previous edition of the report, more than recouping its losses over the... https://www.scmp.com/business/china-business/article/3345577/china-worlds-billionaire-capital-again-hurun-rich-list-swells-stock-surge?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345577/china-worlds-billionaire-capital-again-hurun-rich-list-swells-stock-surge?utm_source=rss_feed Thu, 05 Mar 2026 10:30:13 +0000 Jeffie Lam Jeffie Lam Panamanian authorities have reportedly raided the office of a subsidiary of Hong Kong conglomerate CK Hutchison Holdings that previously operated two ports at either end of the country’s canal, days after the terminals were taken over against the company’s will. According to Panamanian media on Thursday, local authorities had searched the office of the Panama Ports Company, which operated the Balboa and Cristobal ports until this week. Boxes of documents were seen being taken away during the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344809/hong-kongs-ck-hutchison-vows-legal-action-over-unlawful-panama-port-seizure?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344809/hong-kongs-ck-hutchison-vows-legal-action-over-unlawful-panama-port-seizure?utm_source=rss_feed Fri, 27 Feb 2026 03:26:08 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks closed out February with the worst monthly decline since October as jitters about artificial intelligence’s potential disruption to traditional industries put investors on tenterhooks. For the month, the Hang Seng Index dropped 2.8 per cent, dragged down by Chinese technology stocks. The benchmark closed 1 per cent higher at 26,630.54 on Friday. The Hang Seng Tech Index gained 0.6 per cent, paring the decline in February to 10 per cent. On the mainland, the CSI 300 Index slipped... https://www.scmp.com/business/china-business/article/3344801/hong-kong-stocks-head-worst-month-october-ai-disruption-angst?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344801/hong-kong-stocks-head-worst-month-october-ai-disruption-angst?utm_source=rss_feed Fri, 27 Feb 2026 02:14:40 +0000 Connor Mycroft Connor Mycroft Hong Kong’s CK Hutchison Holdings has condemned the uninvited takeover of its Panama ports by the country’s authorities, calling it unlawful and the “culmination of a campaign” against its subsidiary that operated the terminals. The conglomerate, led by Hong Kong tycoon Li Ka-shing’s family, made the remarks on Tuesday, a day after the Panama Maritime Authority acted on a presidential decree allowing it to take over and operate the Balboa and Cristobal ports at either end of the Panama Canal for... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344418/panamas-port-takeover-culmination-campaign-against-ck-hutchison?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344418/panamas-port-takeover-culmination-campaign-against-ck-hutchison?utm_source=rss_feed Tue, 24 Feb 2026 05:41:30 +0000 Letters Letters Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words The 2026 Forbes Hong Kong rich list offers a snapshot of the city’s economic elite and it looks remarkably like that from a decade ago. Li Ka-shing retains his crown via a conglomerate rooted in ports and property. The Lee, Kwok and Cheng families follow close behind, their... https://www.scmp.com/opinion/letters/article/3344306/can-hong-kongs-exchange-fund-capture-growth-tomorrow?utm_source=rss_feed https://www.scmp.com/opinion/letters/article/3344306/can-hong-kongs-exchange-fund-capture-growth-tomorrow?utm_source=rss_feed Tue, 24 Feb 2026 03:30:07 +0000 Fiona Chow,Brian Wong Fiona Chow,Brian Wong Martin Lee Ka-shing, chairman of Hong Kong’s Henderson Land Development, has taken an actress to court over allegedly defamatory remarks that suggested they had an illicit relationship, while also seeking damages from US tech giant Google and five YouTube channels for failing to remove “false” content. The 54-year-old business mogul on Friday sued Chrissie Chau Sau-na in the High Court for allegedly spreading baseless and malicious rumours about their “relationship” for personal fame. “Over the... https://www.scmp.com/news/hong-kong/law-and-crime/article/3343478/henderson-lands-martin-lee-sues-actress-chrissie-chau-defamation?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3343478/henderson-lands-martin-lee-sues-actress-chrissie-chau-defamation?utm_source=rss_feed Fri, 13 Feb 2026 08:53:38 +0000 Denise Tsang Denise Tsang Hong Kong’s CK Hutchison Holdings has vowed to pursue all available legal options to defend its interests after a Panamanian court last month nullified its right to operate two ports along the country’s canal, while acknowledging that keeping the operations running was beyond its control. The conglomerate headed by Hong Kong tycoon Li Ka-shing’s family said on Thursday that it had invited the Panamanian government to enter consultations to resolve the court verdict and protect its rights and... https://www.scmp.com/news/hong-kong/politics/article/3343356/ck-hutchison-pursues-all-legal-options-panama-ports-invites-consultations?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3343356/ck-hutchison-pursues-all-legal-options-panama-ports-invites-consultations?utm_source=rss_feed Thu, 12 Feb 2026 12:18:57 +0000 Cheryl Arcibal Cheryl Arcibal Tycoon Li Ka-shing has added more than US$6 billion to his net worth, boosting his standing as Hong Kong’s richest individual and contributing to a US$65 billion increase in the assets of the city’s 50 richest people, according to Forbes. Li, whose business interests span real estate, infrastructure and pharmaceuticals via companies such as CK Asset Holdings and CK Hutchison, had a net worth of US$45.1 billion this year, up from US$38.9 billion in 2025, according to a list compiled by the... https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed Thu, 12 Feb 2026 11:52:11 +0000 Fiona Sun Fiona Sun The Li Ka Shing Foundation and the Hong Kong Disneyland Resort are arranging free visits to the theme park for 5,000 domestic helpers under an expanded programme this year. The charitable foundation, established by tycoon Li Ka-shing, said on Tuesday the number of helpers receiving the free visits would increase from 4,000 last year to 5,000. The initiative will also include more nationalities, extending beyond the Philippines to workers from Indonesia, India, Sri Lanka, Nepal and Thailand. The... https://www.scmp.com/news/hong-kong/society/article/3343037/hong-kongs-li-ka-shing-foundation-gifts-5000-disneyland-tickets-domestic-helpers?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3343037/hong-kongs-li-ka-shing-foundation-gifts-5000-disneyland-tickets-domestic-helpers?utm_source=rss_feed Tue, 10 Feb 2026 07:47:07 +0000 Leopold Chen Leopold Chen Hong Kong investors are reviewing their stakes in Panama following a dispute over a concession held by a subsidiary of CK Hutchison to operate two ports in the country, the city’s leader has said, pledging to work with Beijing to push back. Chief Executive John Lee Ka-chiu on Tuesday also urged Panamanian authorities to ensure “fair and reasonable” treatment for Hong Kong firms operating in the country. “The incident has undermined investors’ confidence in Panama’s business environment, and... https://www.scmp.com/news/hong-kong/politics/article/3343024/ports-row-prompts-hong-kong-investors-reassess-stakes-panama-john-lee?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3343024/ports-row-prompts-hong-kong-investors-reassess-stakes-panama-john-lee?utm_source=rss_feed Tue, 10 Feb 2026 06:06:25 +0000 Harvey Kong Harvey Kong Hong Kong’s commerce minister has condemned a court ruling to annul CK Hutchison Holdings’ right to operate two ports in the Panama Canal after summoning the country’s envoy in the city, warning the decision “seriously undermined” international trade rules. In a meeting with Panamanian Consul General Jose Ramon de Jesus Varela Fabrega, minister Algernon Yau Ying-wah expressed “strong dissatisfaction and opposition” to the ruling, according to a social media post by the Commerce and Economic... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3342746/hong-kong-summons-panama-envoy-over-court-ruling-ck-hutchison-ports-concession?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3342746/hong-kong-summons-panama-envoy-over-court-ruling-ck-hutchison-ports-concession?utm_source=rss_feed Sat, 07 Feb 2026 04:03:25 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China said Panama risks paying a “hefty political and economic price” following the cancellation of Hong Kong-based CK Hutchison Holdings’ contract to operate two major ports serving the Panama Canal. “The Panamanian authorities’ insistence on this despite widespread concerns is tantamount to shooting themselves in the foot,” China’s Hong Kong and Macau Affairs Office said in a commentary posted on its WeChat account on Tuesday. The decision by the Panama Supreme Court “is legally unfounded and... https://www.scmp.com/plus/news/china/politics/article/3342373/panama-ports-defeat-shows-china-faces-tougher-test-latin-america?utm_source=rss_feed https://www.scmp.com/plus/news/china/politics/article/3342373/panama-ports-defeat-shows-china-faces-tougher-test-latin-america?utm_source=rss_feed Wed, 04 Feb 2026 09:10:21 +0000 Ambrose Li,Jeffie Lam,Leopold Chen Ambrose Li,Jeffie Lam,Leopold Chen Hong Kong’s CK Hutchison has launched arbitration proceedings to challenge a Panama court ruling that nullified its right to operate two ports at the country’s canal, hours after Beijing warned that the Central American nation would pay a heavy political and economic price. The conglomerate led by Hong Kong billionaire Li Ka-shing’s family on Wednesday said it strongly disagreed with the ruling by the country’s Supreme Court over the Panama Canal ports, which could take effect this month. It... https://www.scmp.com/news/hong-kong/politics/article/3342287/panama-could-pay-heavy-price-over-ck-hutchison-ports-ruling-beijing-warns?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3342287/panama-could-pay-heavy-price-over-ck-hutchison-ports-ruling-beijing-warns?utm_source=rss_feed Tue, 03 Feb 2026 16:28:29 +0000 Lam Ka-sing Lam Ka-sing Hong Kong-based CK Hutchison Holdings faces limited legal avenues to challenge a Panama court ruling that nullified its rights to operate two major ports at the country’s canal, while taking the case to the International Court of Justice will require Beijing to act on its behalf, a legal expert has said. Basil Hwang, managing partner of law firm Hauzen LLP, said billionaire Li Ka-shing’s conglomerate could turn to a suitable court with jurisdiction over Panamanian assets to seek damages against... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3342013/ck-hutchison-faces-limited-legal-options-after-panama-voids-port-rights-experts?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3342013/ck-hutchison-faces-limited-legal-options-after-panama-voids-port-rights-experts?utm_source=rss_feed Sun, 01 Feb 2026 13:28:25 +0000 Connor Mycroft Connor Mycroft Hong Kong-based CK Hutchison Holdings is expected to move forward with selling its remaining port assets, despite Panama’s Supreme Court nullifying its contract for two terminals at either end of the country’s geostrategically vital canal, according to experts. But the effort by billionaire Li Ka-shing’s conglomerate to offload the rest of its ports would still face scrutiny from Beijing and local authorities, and the overall deal might need to be re-evaluated, experts told the South China... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3341950/ck-hutchison-tipped-sell-remaining-ports-despite-panama-court-ruling-experts?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3341950/ck-hutchison-tipped-sell-remaining-ports-despite-panama-court-ruling-experts?utm_source=rss_feed Sat, 31 Jan 2026 13:00:08 +0000 Fiona Chow,Olga Wong Fiona Chow,Olga Wong Beijing has vowed to take all necessary measures to safeguard the rights of Chinese enterprises after Panama’s Supreme Court ruled that a contract held by a subsidiary of Hong Kong-based CK Hutchison Holdings to operate two ports at the country’s canal was unconstitutional. The Hong Kong government on Friday also slammed the ruling, which could leave the Li Ka-shing-controlled CK Hutchison empire at risk of losing its right to operate two major ports at either end of the strategic Panama... https://www.scmp.com/news/hong-kong/politics/article/3341785/hong-kongs-ck-hutchison-risks-losing-panama-port-rights-after-court-ruling?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3341785/hong-kongs-ck-hutchison-risks-losing-panama-port-rights-after-court-ruling?utm_source=rss_feed Fri, 30 Jan 2026 05:37:37 +0000 Danny Mok Danny Mok A wild boar carcass found outside the luxury Deep Water Bay residence of Hong Kong’s richest man Li Ka-shing triggered a brief scare over possible human remains before authorities confirmed on Thursday that it was an animal. A 61‑year‑old security guard at Li’s home at 79 Deep Water Bay Road called police shortly before noon on Thursday after detecting a strong odour. Officers arrived and discovered the carcass of a wild boar at the bottom of a 20-metre (66-foot) slope. The Food and... https://www.scmp.com/news/hong-kong/society/article/3340867/wild-boar-carcass-found-near-li-ka-shings-home-hong-kong-sparks-brief-scare?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3340867/wild-boar-carcass-found-near-li-ka-shings-home-hong-kong-sparks-brief-scare?utm_source=rss_feed Thu, 22 Jan 2026 10:46:28 +0000 Zhu Wenqian Zhu Wenqian Hong Kong health and beauty retailer AS Watson Group, owner of the iconic Watsons brand, is intensifying its focus on key growth areas, particularly instant retail and community stores in mainland China, as the company explores strategies to “enhance long-term value for shareholders”. The retail arm of conglomerate CK Hutchison, Watsons had accelerated its expansion in mainland China by increasing the number of physical stores and boosting online sales in response to shifting market dynamics,... https://www.scmp.com/business/companies/article/3340858/watsons-doubles-down-china-parent-ck-hutchison-ponders-listing?utm_source=rss_feed https://www.scmp.com/business/companies/article/3340858/watsons-doubles-down-china-parent-ck-hutchison-ponders-listing?utm_source=rss_feed Thu, 22 Jan 2026 10:01:39 +0000 Cheryl Arcibal Cheryl Arcibal CK Infrastructure Holdings is poised to complete the disposal of UK Rails (Eversholt Rail) this month following London’s approval of the deal, according to the company, which is part of Hong Kong tycoon Li Ka-shing’s business empire. The train leasing company is owned by a consortium of the group’s companies: CK Infrastructure, which holds 65 per cent, along with CK Asset Holdings (20 per cent), Power Asset Holdings (10 per cent) and CK Hutchison Holdings (5 per cent), according to the... https://www.scmp.com/business/article/3339897/li-ka-shings-ck-infrastructure-gets-nod-sell-train-leasing-firm-uk-rails?utm_source=rss_feed https://www.scmp.com/business/article/3339897/li-ka-shings-ck-infrastructure-gets-nod-sell-train-leasing-firm-uk-rails?utm_source=rss_feed Wed, 14 Jan 2026 11:00:11 +0000 Lam Ka-sing Lam Ka-sing Hong Kong conglomerate CK Hutchison’s US$22.8 billion global ports sale hung in the balance at the end of 2025, nearly 10 months after it was first announced, as a veteran political commentator said the most expensive terminal acquisition in history was unlikely to come to fruition amid geopolitical tensions. What began as a strategic exit for billionaire Li Ka-shing’s conglomerate devolved into a high-stakes geopolitical stand-off between Washington and Beijing over the control of global trade... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3338430/could-2026-be-make-or-break-year-ck-hutchisons-panama-ports-deal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3338430/could-2026-be-make-or-break-year-ck-hutchisons-panama-ports-deal?utm_source=rss_feed Fri, 02 Jan 2026 02:15:08 +0000 Lo Hoi-ying Lo Hoi-ying The trust of late billionaire Nina Wang Kung Yu-sum has donated HK$100 million (US$12.8 million) to victims of the deadly Tai Po blaze, surpassing tycoon Li Ka-shing to become the second-largest single donor after the Hong Kong Jockey Club. Nina Wang Charity Management announced on Thursday that it would donate HK$100 million to support the government’s recovery and community rebuilding efforts following the Wang Fuk Court fire, which killed at least 160 people and displaced more than 4,000... https://www.scmp.com/news/hong-kong/society/article/3336010/nina-wang-trust-donates-hk100-million-hong-kong-fire-victims-surpassing-li-ka-shing?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3336010/nina-wang-trust-donates-hk100-million-hong-kong-fire-victims-surpassing-li-ka-shing?utm_source=rss_feed Thu, 11 Dec 2025 06:02:29 +0000 Willa Wu Willa Wu The United States should pass a law to impose tougher scrutiny of Hong Kong’s American dollar-backed international transactions and exports, a US advisory panel on China policy has recommended to Congress in a sweeping annual report. The US-China Economic and Security Review Commission, which released the report on Tuesday, also suggested turning an existing Hong Kong-focused executive order – which includes suspending the city’s special trade status – into law, to address “Beijing’s dismantling... https://www.scmp.com/news/hong-kong/politics/article/3333202/advisory-panel-urges-us-congress-put-hong-kong-tighter-sanctions-leash?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3333202/advisory-panel-urges-us-congress-put-hong-kong-tighter-sanctions-leash?utm_source=rss_feed Tue, 18 Nov 2025 05:01:08 +0000 Ambrose Li Ambrose Li With more than six decades of experience, veteran tailor Benny Woo has dressed some of Hong Kong’s most prominent figures, including tycoon Li Ka-shing and Cantopop star Andy Lau Tak-wah. The 77-year-old, who has decided to close his eponymous street-level shop in Sheung Wan by the end of the month, has also witnessed how the city’s once-booming, world-famous tailoring industry has gradually waned amid changing fashion trends and disappearing shoppers. “Business used to be great. Managerial... https://www.scmp.com/news/hong-kong/society/article/3332003/it-used-be-great-suit-maker-recounts-rise-and-fall-hong-kong-tailoring-industry?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3332003/it-used-be-great-suit-maker-recounts-rise-and-fall-hong-kong-tailoring-industry?utm_source=rss_feed Sat, 08 Nov 2025 01:00:44 +0000 Cheryl Arcibal Cheryl Arcibal CK Asset Holdings, the flagship company of Hong Kong tycoon Li Ka-shing, and Sun Hung Kai Properties (SHKP), the city’s largest developer, are two of six bidders for a parcel of land in the New Territories that is estimated to provide 1,280 residential units and car park spaces. MTR Corp, one of the city’s major property developers and landlords, put up the Tuen Mun A16 Station package one property development for tender. Package one, with a maximum residential gross floor area of more than... https://www.scmp.com/business/article/3331668/li-ka-shings-ck-asset-shkp-among-six-bidders-mtrs-tuen-mun-site?utm_source=rss_feed https://www.scmp.com/business/article/3331668/li-ka-shings-ck-asset-shkp-among-six-bidders-mtrs-tuen-mun-site?utm_source=rss_feed Wed, 05 Nov 2025 12:31:49 +0000 Jess Ma Jess Ma A man has been arrested for splashing red paint in the lobby of a landmark Hong Kong skyscraper, with the Post learning that the suspect had demanded to meet tycoon Li Ka-shing beforehand. Police said a security guard reported at 10.36am on Tuesday that he was allegedly attacked by an emotionally agitated man who had been splashing paint inside the Cheung Kong Center. Officers arrived at the scene and arrested the 49-year-old man on suspicion of criminal damage and common assault. A source said... https://www.scmp.com/news/hong-kong/law-and-crime/article/3331481/man-arrested-hong-kong-over-splashing-red-paint-ck-assets-office-lobby?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3331481/man-arrested-hong-kong-over-splashing-red-paint-ck-assets-office-lobby?utm_source=rss_feed Tue, 04 Nov 2025 09:17:43 +0000 Jess Ma,Denise Tsang Jess Ma,Denise Tsang Top corporate leaders, athletes and members of ethnic minority groups are among the 62 people set to take part in the Hong Kong segment of the National Games torch relay, the Post has learned. From tycoon heirs such as Sino Group chairman Daryl Ng Win Kong, Henderson Land Development chairman Martin Lee Ka-shing, Sun Hung Kai Properties executive director Adam Kwok Kai-fai and Chow Tai Fook Jewellery Group vice-chairwoman Sonia Cheng Chi-man to youth representatives, the city’s list of... https://www.scmp.com/news/hong-kong/society/article/3331156/businessmen-athletes-and-ethnic-minorities-unite-hong-kong-national-games-torch-relay?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3331156/businessmen-athletes-and-ethnic-minorities-unite-hong-kong-national-games-torch-relay?utm_source=rss_feed Sat, 01 Nov 2025 04:56:15 +0000 Daniel Ren Daniel Ren China saw a remarkable increase in the number of ultra-wealthy individuals over the past year, driven by a bull market in stocks, with leaders of “new economy” companies emerging as the primary beneficiaries, according to the Hurun Research Institute. A record 1,434 individuals made it onto Hurun’s latest China Rich List, each having a net worth of at least 5 billion yuan (US$702 million). This marked an increase of 340 individuals, or 31 per cent, from the previous year. The collective wealth... https://www.scmp.com/business/article/3330544/rich-list-chinas-billionaire-count-hits-record-stock-markets-surge?utm_source=rss_feed https://www.scmp.com/business/article/3330544/rich-list-chinas-billionaire-count-hits-record-stock-markets-surge?utm_source=rss_feed Tue, 28 Oct 2025 02:00:26 +0000 Elizabeth Cheung Elizabeth Cheung Hong Kong liver cancer patient Mr Chan* said his tumour disappeared following a painless ultrasound treatment that felt similar to “taking a nap”. The 68-year-old retiree, who had been battling liver cancer since 2013, was among 26 patients who had received a histotripsy treatment conducted by the Chinese University of Hong Kong since April this year. “There was no pain at all. It was just like taking a nap,” Chan said. “I could be discharged the next day and lead a normal life afterwards. The... https://www.scmp.com/news/hong-kong/health-environment/article/3329813/hong-kongs-cuhk-eyes-wider-use-painless-liver-cancer-care-after-96-success?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3329813/hong-kongs-cuhk-eyes-wider-use-painless-liver-cancer-care-after-96-success?utm_source=rss_feed Wed, 22 Oct 2025 00:00:08 +0000 Frank Tang Frank Tang A senior Panamanian official said on Monday that Panama will remain flexible and potentially reach an agreement with CK Hutchison as the Latin American country navigates the geopolitical rivalry between the United States and China. “We are working on a plan in case that [Panama’s Supreme Court] ruling goes against the extension of the contract” for CK Hutchison, said Jose Ramon Icaza, Panama’s minister of canal affairs. “In that case, we have to step in as the Panama Maritime Authority to take... https://www.scmp.com/news/us/diplomacy/article/3329723/panama-ports-deal-ck-hutchison-gets-encouraging-signs-panamanian-government?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3329723/panama-ports-deal-ck-hutchison-gets-encouraging-signs-panamanian-government?utm_source=rss_feed Mon, 20 Oct 2025 22:39:00 +0000 Cheryl Arcibal Cheryl Arcibal CK Life Sciences International is set to merge its subsidiary Polynoma with Nasdaq-listed TransCode Therapeutics, in a move expected to boost the pipeline of anticancer drugs, according to the biotech unit controlled by the Li Ka-shing family. The agreement paved the way for TransCode to acquire the parent company of Polynoma from DEFJ, an indirect wholly owned unit of CK Life, the latter said in a filing with the Hong Kong stock exchange after trading hours on Wednesday. In exchange, TransCode... https://www.scmp.com/business/article/3328295/ck-life-unit-merges-transcode-li-ka-shing-firm-eyes-anticancer-drugs-pipeline?utm_source=rss_feed https://www.scmp.com/business/article/3328295/ck-life-unit-merges-transcode-li-ka-shing-firm-eyes-anticancer-drugs-pipeline?utm_source=rss_feed Thu, 09 Oct 2025 01:45:19 +0000 Eric Ng Eric Ng Focused ultrasound (FUS) therapy, a sound wave treatment technology that counts Hong Kong’s tycoon Li Ka-shing among its backers, has reached an “inflection” point after 1 million patients worldwide adopted it as an alternative to surgery, radiation, drugs and other therapies, said the doctor who pioneered its use. One million patients had undergone FUS therapy since the technology was introduced six decades ago, including around 175,000 cases that involved liver tumours, according to data... https://www.scmp.com/business/article/3328093/li-ka-shing-backed-focused-ultrasound-therapy-reaches-tipping-point-1-million-cases?utm_source=rss_feed https://www.scmp.com/business/article/3328093/li-ka-shing-backed-focused-ultrasound-therapy-reaches-tipping-point-1-million-cases?utm_source=rss_feed Wed, 08 Oct 2025 23:30:08 +0000 Orange Wang Orange Wang Diplomatic tensions between China and the United States over Panama have flared up once again, with the Chinese embassy in the Central American country accusing Washington’s top envoy there of “spreading lies” to undermine Beijing’s regional ties. This comes after the US ambassador to Panama, Kevin Cabrera, said that Washington viewed China’s presence in the Panama Canal as “malign”. Beijing was fooling Latin America with its investments, he claimed in an interview with digital media outlet... https://www.scmp.com/news/china/diplomacy/article/3328030/china-says-us-ambassador-panama-spreading-lies-after-he-slams-malign-presence?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3328030/china-says-us-ambassador-panama-spreading-lies-after-he-slams-malign-presence?utm_source=rss_feed Mon, 06 Oct 2025 12:00:10 +0000 Elizabeth Cheung Elizabeth Cheung A cutting-edge machine donated by Hong Kong tycoon Li Ka-shing, which can destroy cancerous cells with ultrasound waves, has been included in a government list of approved medical devices, paving the way for wider use of the technology in public hospitals. The Hospital Authority said in a response to the Post that it would also consider other factors, such as quality and safety standards, before using the machines in public health facilities. The histotripsy medical device, given to the city’s... https://www.scmp.com/news/hong-kong/health-environment/article/3326283/cancer-machine-donated-li-ka-shing-hong-kong-government-list-approved-devices?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3326283/cancer-machine-donated-li-ka-shing-hong-kong-government-list-approved-devices?utm_source=rss_feed Sun, 21 Sep 2025 23:30:12 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s homebuyers defied a No 3 typhoon signal to snap up apartments during two property sales on Friday, entering the market after commercial banks lowered their prime lending rates a day earlier following the first rate cut by the local monetary authority. New World Development and CK Asset Holdings, two of the largest property developers in the city, sold 120 apartments, or 66 per cent of the 190 flats on offer at two locations as of 8:30pm. New World sold 115 of the 120 units in the... https://www.scmp.com/business/article/3326182/hong-kongs-homebuyers-brave-storm-signal-citys-first-post-rate-cut-property-sales?utm_source=rss_feed https://www.scmp.com/business/article/3326182/hong-kongs-homebuyers-brave-storm-signal-citys-first-post-rate-cut-property-sales?utm_source=rss_feed Fri, 19 Sep 2025 10:22:21 +0000 Salina Li Salina Li One of Hong Kong’s best-known real estate investors has put another luxury home up for sale at a discount, as the city’s property glut and elevated interest rates weigh on highly leveraged entrepreneurs. David Chan Ping-chi, dubbed the “Cassette King” for his fortunes made from producing audiovisual cassettes and compact discs, plans to sell a three-storey mansion at 51 Mount Davis Road on Hong Kong Island to repay debt, he said in a phone interview with the Post. Chan is asking for about HK$450... https://www.scmp.com/business/article/3324155/hong-kongs-cassette-king-puts-another-luxury-property-sale-pay-debt?utm_source=rss_feed https://www.scmp.com/business/article/3324155/hong-kongs-cassette-king-puts-another-luxury-property-sale-pay-debt?utm_source=rss_feed Wed, 03 Sep 2025 06:36:22 +0000 Julie Zhang Julie Zhang CK Asset Holdings, one of the flagship companies owned by billionaire Li Ka-shing’s family, reported weaker-than-expected first-half profit amid a challenging housing market in Hong Kong and declining rental income from its commercial properties. Profit attributable to shareholders fell 26.2 per cent to HK$6.3 billion (US$806.4 million) in the six months to June, according to a filing to the Hong Kong stock exchange on Thursday. The earnings were way below analysts’ expectations of about HK$14.2... https://www.scmp.com/business/banking-finance/article/3321886/ck-assets-first-half-profit-falls-26-amid-hong-kong-property-market-challenges?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3321886/ck-assets-first-half-profit-falls-26-amid-hong-kong-property-market-challenges?utm_source=rss_feed Thu, 14 Aug 2025 11:03:56 +0000 Enoch Yiu Enoch Yiu CK Hutchison Holdings’ controversial US$23 billion deal to sell 43 overseas ports – including two at the Panama Canal – will not be completed this year, group co-managing director Frank Sixt said in a post-results briefing on Thursday. Sixt updated analysts about the progress of the proposed sale after the company posted a 92 per cent plunge in its interim profit, as various one-off costs amounting to HK$10.47 billion (US$1.3 billion) weighed on its performance, according to an exchange... https://www.scmp.com/business/article/3321872/ck-hutchison-first-half-profit-drops-92-one-costs-uk-vodafone-three-merger?utm_source=rss_feed https://www.scmp.com/business/article/3321872/ck-hutchison-first-half-profit-drops-92-one-costs-uk-vodafone-three-merger?utm_source=rss_feed Thu, 14 Aug 2025 09:12:43 +0000 Dave Besseling Dave Besseling “The Hongkong Kidney Foundation will soon have its own treatment centre in Kowloon for patients with kidney diseases,” reported the South China Morning Post on September 23, 1980. “The centre will be in Prince Building, Prince Edward Road. It will be the colony’s first kidney diseases treatment centre. The centre, which will also serve as the foundation’s headquarters, has been made possible by various donations. “Earlier in the year, the Royal Hongkong Jockey Club donated $2 million towards... https://www.scmp.com/postmag/culture/article/3321585/when-hong-kong-got-its-first-kidney-dialysis-treatment-centre-1981?utm_source=rss_feed https://www.scmp.com/postmag/culture/article/3321585/when-hong-kong-got-its-first-kidney-dialysis-treatment-centre-1981?utm_source=rss_feed Tue, 12 Aug 2025 22:15:08 +0000 Bloomberg Bloomberg Bank creditors are considering seizing control of a Hong Kong shopping centre after a venture backed by Schroders Capital and Chelsfield’s Asia fund defaulted on a loan tied to the property, according to people familiar with the matter. The creditors are looking to appoint a receiver for the Worfu mall, formerly known as Provident Square, in Hong Kong’s North Point district, said the people, asking not to be identified for discussing private matters. The mall was used as collateral for the about... https://www.scmp.com/business/article/3321533/hong-kongs-worfu-mall-faces-seizure-after-us190-million-loan-default?utm_source=rss_feed https://www.scmp.com/business/article/3321533/hong-kongs-worfu-mall-faces-seizure-after-us190-million-loan-default?utm_source=rss_feed Tue, 12 Aug 2025 05:00:26 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow US President Donald Trump nominated top economic aide and China hawk Stephen Miran for a vacant Federal Reserve board seat, boosting support for his global trade war within the independent central bank. Miran, the head of the White House Council of Economic Advisors, will serve until January 31 while a permanent replacement is sought, Trump said on social media. The vacancy arose following the resignation of Adriana Kugler, a Joe Biden appointee. The appointment, which requires Senate approval,... https://www.scmp.com/plus/article/3321222/china-hawk-join-fed-exports-surge-deflation-risk?utm_source=rss_feed https://www.scmp.com/plus/article/3321222/china-hawk-join-fed-exports-surge-deflation-risk?utm_source=rss_feed Fri, 08 Aug 2025 09:01:20 +0000 Aileen Chuang Aileen Chuang The Tsz Shan Monastery, built by the Li Ka Shing Foundation, has published a new book, offering a peek into the philosophy and wisdom of Hong Kong’s wealthiest man, whose own rags-to-riches life story has inspired generations of entrepreneurs. Titled “Eternity in Light”, the five-chapter tome was published to mark the monastery’s 10th anniversary, featuring writings by scholars of Buddhism and professors of architecture about the landmark in Tai Po in Hong Kong’s New Territories. The Li Ka Shing... https://www.scmp.com/business/companies/article/3321003/tsz-shan-publishes-10th-anniversary-book-offering-peek-li-ka-shings-philosophy?utm_source=rss_feed https://www.scmp.com/business/companies/article/3321003/tsz-shan-publishes-10th-anniversary-book-offering-peek-li-ka-shings-philosophy?utm_source=rss_feed Thu, 07 Aug 2025 00:30:10 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Hong Kong billionaire Li Ka-shing’s US$22.8 billion ports sale, already mired in opposition from China, faces new challenges after Panama moved to take back terminals at either end of the Panama Canal. The central American nation’s comptroller general last week asked the local Supreme Court to revoke a 2021 contract to run ports on the vital shipping lane, saying it was unconstitutional and bad for the country. President Jose Raul Mulino later floated the idea of running the Balboa and Cristobal... https://www.scmp.com/plus/article/3320811/ck-hutchisons-us228-billion-ports-deal-flounders-panama?utm_source=rss_feed https://www.scmp.com/plus/article/3320811/ck-hutchisons-us228-billion-ports-deal-flounders-panama?utm_source=rss_feed Tue, 05 Aug 2025 09:01:57 +0000 Peggy Sito Peggy Sito Victor Li Tzar-kuoi’s denial this week that his family home was being sold has stirred public curiosity about the address that has been the residence of one of Hong Kong’s wealthiest families and property developers for more than six decades. Located at 79 Deep Water Bay Road in the Southern district of Hong Kong Island, the mansion features three stories that sit atop an elevated podium with a swimming pool and a lawn to one side. The original building was bought in 1963 for HK$650,000 by Chong... https://www.scmp.com/business/companies/article/3320812/revealed-li-ka-shings-family-home-6-decades-and-subject-fabricated-rumours?utm_source=rss_feed https://www.scmp.com/business/companies/article/3320812/revealed-li-ka-shings-family-home-6-decades-and-subject-fabricated-rumours?utm_source=rss_feed Tue, 05 Aug 2025 09:00:17 +0000