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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
ParknShop operates more than 240 outlets, including those under Fusion, Taste, Taste x Fresh, Food Parc and Great Food Hall. Photo: Jelly Tse
Mergers & Acquisitions

Li Ka-shing’s CK Hutchison rules out sale of Hong Kong supermarket ParknShop

Chain operator’s executive dismisses speculation of a tie-up, and praises staff amid an ‘extremely competitive environment’.

Hong Kong healthcare and hospitals

Li Ka-shing charity to subsidise liver cancer surgery for 200 patients

From our archives

On This Day | Hong Kong’s iconic Bank of China Tower opens in 1990 – SCMP archive

Banking & finance

CK Hutchison’s VodafoneThree exit sparks dividend speculation

Disposal of stake in UK’s biggest mobile carrier adds HK$2 billion profit, but conglomerate unlikely to declare special dividend: Citigroup.

The divestment will lift CK Hutchison’s profit by 7 per cent, according to analysts. Photo: Sam Tsang
Hong Kong property

DBS Hong Kong expands footprint with US$334 million The Center purchase

Hong Kong’s biggest office deal this year signals return of confidence to city’s core commercial market.

Hong Kong economy

CK Hutchison expands Panama ports claim as losses ‘surpass’ US$2 billion

Subsidiary Panama Ports Company slams Panamanian government’s ‘attack campaign’ as it expands international arbitration claim over damages.

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Hong Kong economy

Panama⁠ accuses CK Hutchison subsidiary of lying about arbitration response

President Jose Raul Mulino slams Panama Ports Company for accusing country of failing to file response to arbitration request.

Balboa port was taken over by Panamanian authorities in February. Photo: Reuters
Hong Kong property

Hong Kong’s CK Hutchison reports 7% gain in underlying profit

Diversified business mitigates impact of adverse developments including ‘legal conflict’ over Panama ports, chairman says.

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

Tender for three Peak Road lots follows sale by Chan King-wai’s family of another Peak property last year at estimated 56 per cent loss.

The sites at 86, 88 and 90 Peak Road sold in 2017 for about US$255 million. Photo: Google Map
Hong Kong economy

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

Panama Ports Company says it has submitted claim for arbitration in compliance with rules of International Chamber of Commerce.

The Port of Balboa. Photo: AFP
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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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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Panamanian police search a Panama Ports Company office. Photo Reuters
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.

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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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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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The Li Ka Shing Foundation and the Hong Kong Disneyland Resort are providing 5,000 domestic helpers with a free visit to the theme park. Photo: Jonathan Wong
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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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-based CK Hutchison Holdings has said it has launched arbitration proceedings to challenge the Panamanian court ruling. Photo: Sam Tsang
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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