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Cheng Yu-tung Family
The Cheng Yu-tung Family refers to a wealthy Hong Kong–based family best known for controlling Chow Tai Fook, via which it also owns New World Development and Rosewood Hotel Group, among other businesses. The businesses are currently being led by Adrian Cheng, the third-generation, and has been called by Citigroup research as being "brave and innovative" among other scions in Hong Kong. Notable family members * Cheng Yu-tung (1925–2018); founder of Chow Tai Fook ** Henry Cheng (b. 1946); chairman of New World Development *** Adrian Cheng (b. 1979); CEO of New World Development *** Sonia Cheng (b. 1980); CEO of Rosewood Hotel Group ***Brian Cheng (b. 1982); co-CEO of NWS Holdings ***Christopher Cheng (b. 1989); CEO of NWS Modern Logistics Limited **Peter Cheng (b. 1952) ***Conroy Cheng (b. 1977) ***Conrad Cheng (b. 1979) Charity Since 2019, New World has been involved in donating land to build public housing in Hong Kong.{{Cite web, last=Lam, first=Ka-sing, date=25 Septe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the world. Hong Kong was established as a colony of the British Empire after the Qing dynasty ceded Hong Kong Island in 1841–1842 as a consequence of losing the First Opium War. The colony expanded to the Kowloon Peninsula in 1860 and was further extended when the United Kingdom obtained a 99-year lease of the New Territories in 1898. Hong Kong was occupied by Japan from 1941 to 1945 during World War II. The territory was handed over from the United Kingdom to China in 1997. Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of one country, two systems. Originally a sparsely populated area of farming and fishing villages,. the territory is now one of the world's most signific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chow Tai Fook
Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port, casino, and other businesses. Despite the holding companies of the group, namely Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited, Chow Tai Fook Enterprises Limited, etc. being privately owned, the group has been partially listed on the stock market via associate company New World Development (, listed since 1972) and subsidiary Chow Tai Fook Jewellery Group Limited (, listed since 2011). As of 31 December 2018, New World Development was ranked as the 47th-largest company by market capitalization on the Stock Exchange of Hong Kong, which was HK$105.68061 billion. However, the size of the unlisted portion of the Chow Tai Fook business empire is unclear. The ''Financial Times'' quoted one banker of the Cheng Yu-tung family, who said, "You can't look at hengYT w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New World Development
New World Development Company Limited (NWD) is a Hong Kong–based company focused on property, hotels, infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung. The company is publicly listed on the Stock Exchange of Hong Kong Limited (SEHK: 17) since 23 November 1972 and was formerly a constituent stock of Hong Kong Hang Seng Index. Over the last four decades, the group has also actively participated in various businesses in Mainland China and established itself as one of the largest foreign direct investors in the country. The group's existing investments in Mainland China has exceeded US$16.5 billion, spreading across four municipalities and over 19 provinces. History New World Development was founded on May 29, 1970, with Dr. Ho Sin Hang as chairman and Cheng Yu-tung as Director and General Manager. The group went public on the Stock Exchange of Hong Kong Limited (SEHK) (SEHK: 17) in 1972. Group Reorganization To b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosewood Hotel Group
Rosewood Hotel Group, also known for its former trading names New World Hotel Group, New World Hospitality and legal names New World Hotel Management (BVI) Limited, New World Hotel Management Limited is a Hong Kong–based multi-national hotel management group and the parent company of Rosewood Hotels & Resorts (founded in 1979). The company is incorporated in the British Virgin Islands as an offshore company. As of 2016, Rosewood Hotel Group was owned by Chow Tai Fook Enterprises, having acquired Rosewood Hotel Group in 2015 from Chow Tai Fook Enterprises' listed associate company New World China Land for HK$1.96 billion. Rosewood Hotel Group is headed by Sonia Cheng, daughter of Henry Cheng and granddaughter of the late Cheng Yu-tung, the patriarchs of Chow Tai Fook Enterprises and New World Development. She was appointed as the executive vice-chairman of New World Hotel Management Limited in February 2009 and one of the executive director of New World China Land, the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and The Travelers Companies, Travelers; Travelers was spun off from the company in 2002. Citigroup is the List of largest banks in the United States, third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board, and is commonly cited as being "too big to fail". It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500, ''Fortune'' 500, and was ranked #24 in Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cheng Yu-tung
Cheng Yu-tung GBM (; 8 August 1925 – 29 September 2016) was a Hong Kong billionaire with extensive property investment, development and service businesses, hotels, infrastructure, jewellery retailing and transportation interests in Hong Kong, Macau, United States, Australia and other areas. He was considered to be Hong Kong's third richest man at the time of his death. Early life Cheng was born in rural Shunde District in Guangdong, the son of a tailor, and fled to Macau in 1940, ahead of the advancing Japanese occupation force. The goldsmith owner of the Chow Tai Fook store there took him on as an apprentice and he eventually married the boss's daughter. They moved to Hong Kong in 1946 and opened the company's first store there. Business career He founded and owned Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed property developer New World group, which Cheng founded in 1970. Cheng's wealth originated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Cheng
Henry Cheng Kar-shun, GBM, GBS ( Chinese: 鄭家純; born 11 December 1946) is a Hong Kong billionaire property developer. Cheng is the elder son of Cheng Yu-tung, who founded Hong Kong-listed New World Development, of which Henry succeeded his father as chairman. Cheng is Chairman of NWS Holdings, New World China Land, and New World Department Store China. He is also a standing committee member of the Eleventh Chinese People’s Political Consultative Conference. In the 2012 Chief Executive election in Hong Kong, Cheng initially supported Henry Tang but switched to support the eventual winner, Leung Chun-ying. Leung's second Secretary for Development The Secretary for Development of the Hong Kong Government is responsible for planning, land development and public works related development policy in Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and orga ..., Paul Chan, became embroiled in a property and credibility scandal, simil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adrian Cheng
Adrian Cheng Chi-kong ( zh, t=鄭志剛, born 2 November 1979) is a Hong Kong entrepreneur and business executive son of property developer Henry Cheng and grandson of Cheng Yu-tung. He is the former CEO and executive vice-chairman of the family company, New World Development, the heir and executive director of jewelry company Chow Tai Fook,. He is also the founder of K11, which has a portfolio of commercial, cultural and residential projects. Early life and education Cheng was born to Katherine Ip and Henry Cheng in 1979. He has two younger siblings, Sonia Cheng and Brian Cheng. Cheng attended Taft School in Connecticut and graduated from Harvard University with a Bachelor of Arts (Cum Laude) honours degree. He received an honorary Doctorate from the Savannah College of Art and Design (SCAD) and Honorary Fellowships from Lingnan University, The University of Hong Kong and Hong Kong University of Science and Technology (HKUST). He is now serving as Member of Dean’s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sonia Cheng
Sonia Cheng Chi-Man (traditional Chinese: 鄭志雯; simplified Chinese: 郑志雯) is a Hong Kong business executive. She is the CEO of Rosewood Hotel Group and the executive director of the New World Development. She is also the vice-chairman of Chow Tai Fook Jewellery Group. She was also appointed as an independent non-executive director of The Hongkong and Shanghai Banking Corporation and a director of Primavera Capital Acquisition Corporation. She is the daughter of Hong Kong property developer Henry Cheng and granddaughter of real estate and jewelry billionaire Cheng Yu-tung. Early life and education Cheng was born in 1980. She is the second child of Henry Cheng. The executive Adrian Cheng is her brother. She studied at St. Pauls’ Co-educational College in Hong Kong and Taft School in the United States. She holds a Bachelor of Arts from Harvard University. Career Cheng joined Morgan Stanley and Warburg Pincus working in their U.S. and Hong Kong offices. In 2008, sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NWS Holdings
CTF Services Limited (), () is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and the Mainland under Chow Tai Fook Enterprise (CTFE). Operating businesses include toll roads, insurance, logistics, construction and facilities management. CTF Services Limited, formerly known as NWS Holdings Limited, was established in 2003 when its predecessor, Pacific Ports Company Limited, acquired New World Services Limited from New World Development and the infrastructure assets from New World Infrastructure Limited. The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung. Mr. Brian Cheng and Mr. Gilbert Ho are the Co-Chief Executive Officers of the Company. Before 2020, the company was involved in infrastructure and service businesses in Hong Kong, Mainland China and Macau. Its infrastructure division included roads, energy, water and ports projects. Its service division comprised facilities management, construction ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosewood Hotels & Resorts
Rosewood Hotels & Resorts is an international luxury hotel and resort company operating 31 hotels in 16 countries, currently owned by Hong Kong–based Rosewood Hotel Group. It was founded in Dallas in 1979 by Caroline Rose Hunt, the daughter of oil tycoon H. L. Hunt. History Foundation Rosewood was founded in Dallas by Caroline Rose Hunt in 1979. A year later, Hunt converted the mansion of Texas cotton magnate Sheppard King into Rosewood's first hotel, The Mansion on Turtle Creek, located in the upscale Turtle Creek neighborhood. Acquisition Hong Kong–based company Rosewood Hotel Group Rosewood Hotel Group, also known for its former trading names New World Hotel Group, New World Hospitality and legal names New World Hotel Management (BVI) Limited, New World Hotel Management Limited is a Hong Kong–based multi-national hotel ... (formerly New World Hospitality and rebranded in May 2013) is a subsidiary of Chow Tai Fook Enterprises, a privately owned Hong K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
