Victor Li
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Victor Li

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Victor Li
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.
Born
1 Aug 1964
Industry
Business
Job Title
Businessman
Eversholt Rail leases passenger trains, as well as freight locomotives, to rail and freight operators. Photo: Handout
Mergers & Acquisitions

Li Ka-shing’s CK Infrastructure gets nod to sell UK train leasing firm

Deal to dispose of UK Rails (Eversholt Rail), which was bought in 2015, ‘will generate substantial revenue’, company says.

Hong Kong’s Tai Po fire tragedy

Hong Kong dad saved from burning building asks how to start over with nothing

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Legislative Council election 2025

Surprises in Hong Kong Legco election nominations as tycoons back unions

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Millionaires and billionaires

China minted a new billionaire a day last year, Hurun’s Rich List says

A record 1,434 individuals, each with a net worth of more than US$700 million, have made it onto Hurun’s list of China’s richest people.

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Zhong Shanshan has reclaimed the No 1 position this year after his fortune surged 56 per cent. Photo: Handout
Hong Kong property

CK Asset’s first-half profit falls 26% amid Hong Kong property market challenges

Profit falls to HK$6.3 billion (US$806.4 million) in the first half, below analysts’ expectations of about HK$14.2 billion.

Hong Kong

Revealed: the Li family home of 6 decades and focus of social media hoax

Located at 79 Deep Water Bay Road in the Southern district of Hong Kong Island, the mansion features three stories sitting atop an elevated podium with a swimming pool.

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Hong Kong property

Li mansion in Deep Water Bay is ‘not for sale’, CK Asset says in rebuke

Social media speculation of the impending sale of 79 Deep Water Bay Road is “entirely fabricated”, “false” and “groundless,” CK Asset said in a statement.

An undated photograph of the Li family’s mansion at 79 Deep Water Bay Road from a neighbouring hill on Hong Kong island. Photo: Handout
Hong Kong politics

Hong Kong leader taps 2 tech heads from Hangzhou’s ‘Little Dragons’ as advisers

Han Bicheng, CEO of BrainCo, and Wang Xingxing, head of Unitree Robotics, are among three new additions to John Lee’s advisory council.

Hong Kong property

Hong Kong developer CK Asset set to weather ‘stress test’: chairman

The group is financially healthy and has a war chest to cope with unforeseen events as Hong Kong endures a ‘stress test’, Victor Li says.

Hong Kong economy

Hong Kong’s CK Hutchison stresses need for war chest amid geopolitical tensions

Victor Li says firm must maintain fiscal health, as another executive stresses US$23 billion sale of stake in overseas ports will comply with regulations.

CK Hutchison has said it need to maintain its fiscal health through a war chest. Photo: Reuters
Hong Kong economy

Hong Kong’s Li Ka-shing appears in person for first time since ports deal

Elderly founder of CK Hutchison visits hospital to see demonstration of cutting-edge device donated by Li Ka Shing Foundation.

Li Ka-shing (left) with Dr Walton Li, CEO of HKSH Medical Group and Medical Superintendent of Hong Kong Sanatorium & Hospital. Photo: Hong Kong Sanatorium & Hospital
Hong Kong politics

Eyebrows raised over Hong Kong’s Richard Li in Beijing, observers say

Younger son of tycoon Li Ka-shing rubbed shoulders with elites on weekend in nation’s capital, but observer says Beijing sees him as separate to controversial deal.

Hong Kong politics

City Beat | Beijing is upset, but why is it limiting criticism of Hutchison’s Panama deal?

Closer look at Beijing’s mixed ‘semi-official’ approach to voicing disapproval shows what is at stake in saga involving Li Ka-shing’s conglomerate.

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Mergers & Acquisitions

Li may swing BlackRock deal with just 15% of minority owners’ votes

Minority shareholders are also expected to support the sale to receive a special bonus of as much as HK$25 a share, they said.

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Li Ka-shing (centre) during his final annual general meeting as the chairman of his flagship companies CK Hutchison Holdings and CK Asset Holdings in Hung Hom on 10 May 2018, before his retirement. Photo: Sam Tsang
Hong Kong property

2 of Hong Kong’s biggest developers miss profit goals amid slump

‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.

CK Asset chairman Victor Li Tzar-kuoi. Photo: Handout
Mergers & Acquisitions

Hutchison stays mum on plan to sell port assets amid Panama spat, China rebuke

No event that might require disclosure was identified, Hutchison said, leaving the onus on shareholders to question the directors at its AGM on May 22.

16
Diplomacy

My Take | Realist Xi vs fabulist Trump, just guess who will come out on top

US president’s Panama Canal move, while having made a lot of money for HK tycoon, is more like misdirected fire than a win over Beijing.

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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.

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Chairman Victor Li Tzar-kuoi says bets against Hong Kong’s long-term outlook have been wrong in the past. Photo: Facebook/John KC Lee
Banking & finance

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.

Banking & finance

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

Hong Kong has attracted more than HK$10 billion (US$1.3 billion) under the four-month-old cash-for-residency scheme, as the city pushes ahead with its family office hub ambitions.

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.

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

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.

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
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.

Li Ka-shing

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.

Hong Kong property

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.

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

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.

Flashback: Detectives examine the scene of a murder/attempted robbery at a watch store in Sham Shui Po in 1991. Photo: Wan Kam-yan.
Hong Kong stock market

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.

Hong Kong property

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.

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