Cheung Chung-kiu or Zhang Songqiao (; born 1964) is a

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

–based Chinese billionaire businessman. He is the chairman of C C Land, Y.T. Realty and Yugang International.

Early life

Cheung was born in 1964 in

Chongqing Chongqing ( or ; ; Sichuanese pronunciation: , Standard Mandarin pronunciation: ), alternately romanized as Chungking (), is a municipality in Southwest China. The official abbreviation of the city, "" (), was approved by the State Cou ...

, China, where he lived until 1980. He is the son of Zhang Qingxin, a former manager of a foreign trade enterprise, who has been a board member of some of his son's companies. In 1980, Cheung obtained residency in Hong Kong with the help of his father.

Career

Cheung started his career buying electronic goods, umbrellas, watches and cassettes in Hong Kong to resell in mainland China. As his wealth grew, he moved into property, buying agricultural land in the north of Chongqing, and using that to build Chongqing's first large housing project, ''California Garden''. Aged 29, Cheung had one of his companies, Yugang International, listed on Hong Kong's stock exchange. Cheung is the founder and chairman of C C Land. In March 2017, his Hong Kong-listed company C C Land bought London's Leadenhall Building from

British Land The British Land Company plc is one of the largest property development and investment companies in the United Kingdom. The firm became a real estate investment trust when REITs were introduced in the UK in January 2007. It is headquartered in ...

and

Oxford Properties Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Esta ...

(50/50 owners) for £1.15 billion. In January 2020, Cheung was in the process of buying 2–8a Rutland Gate a 45-room 62,000 sq ft mansion overlooking Hyde Park, London from the estate of

Sultan bin Abdulaziz Al Saud Sultan bin Abdulaziz Al Saud (c. 5 January 1928 – 22 October 2011) (Arabic: سلطان بن عبدالعزيز آل سعود ''Sulṭān ibn ʿAbdulʿazīz Āl Suʿūd''), called ''Sultan the Good'' (Arabic: سلطان الخير ''Sulṭa ...

for between £205 and £210 million, which would make it easily the most expensive house ever sold in the UK. It is not yet known if Cheung intends to keep it as a single house or convert it into apartments, which might increase the property's value to as much as £700 million, according to a spokesman for Cheung.

Personal life

Cheung is a resident of Hong Kong.

References

{{DEFAULTSORT:Cheung, Chung-kiu Chinese billionaires 1964 births Businesspeople from Chongqing Living people Hong Kong billionaires Chinese real estate businesspeople