Cheng Yu-tung
Encyclopedia
Cheng Yu-tung GBM
' onMouseout='HidePop("31961")' href="/topics/Lunjiao">Lunjiao
, Shunde
, Guangdong
) is a Hong Kong
billionaire with extensive business dealings and real estate interests in both Hong Kong and Macau
. He owns the privately-held Chow Tai Fook Enterprises
, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed New World group
. He also has interests in Shun Tak Holdings
, and the Sociedade de Turismo e Diversoes de Macau
, owned by Stanley Ho
.
Cheng’s wealth originated from his jewellery business, Chow Tai Fook. Cheng’s grandson, 32-year-old Adrian Cheng Chi-kong, is set to inherit part of Chow Tai Fook and the Hong Kong-listed New World group
, active in property and infrastructure.
Cheng also serves on the board of the Hang Seng Bank
, Hong Kong's third-largest bank.
He represents the Kingdom of Bhutan
in Hong Kong, serving as the honorary consul for the country.
Grand Bauhinia Medal
The Grand Bauhinia Medal the highest award under the Hong Kong honours and awards system, is to recognise the selected person's lifelong and highly significant contribution to the well-being of Hong Kong. The awardee is entitled to the postnominal letters GBM and the style "The Honorable"...
' onMouseout='HidePop("31961")' href="/topics/Lunjiao">Lunjiao
Lunjiao
Lunjiao Sub-district is a sub-district in Shunde, Foshan, Guangdong, China, which is at the east of Shunde and a part of Shunde City Zone. It has a resident population of 100,000 with its total area of 59 square kilometres....
, Shunde
Shunde
Shunde District is a district of Foshan prefecture-level city in the Pearl River Delta, Guangdong Province, southeast China.-Administration:Shunde was a county-level city until December 8, 2002, when it became a district of Foshan prefecture-level city...
, Guangdong
Guangdong
Guangdong is a province on the South China Sea coast of the People's Republic of China. The province was previously often written with the alternative English name Kwangtung Province...
) is a Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
billionaire with extensive business dealings and real estate interests in both Hong Kong and Macau
Macau
Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...
. He owns the privately-held Chow Tai Fook Enterprises
Chow Tai Fook Enterprises
Chow Tai Fook Enterprises Ltd. is a diversified, Hong Kong-based company engaged in the property development, hotel, casino, transportation, jewelry, port and telecommunications businesses....
, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed New World group
New World Development
New World Development Company Limited , based in Hong Kong, is active in property, infrastructure, services and telecommunications. It was established in 1970 with Dr Ho Sin Hang as Chairman and Chow Chi Yuen as Director and General Manager...
. He also has interests in Shun Tak Holdings
Shun Tak Holdings
Shun Tak Holdings Limited is a public company incorporated in 1972. It has been one of the constituents of the Hang Seng Hong Kong MidCap Index since 11 September 2006.The company's founder and executive chairman is Stanley Ho...
, and the Sociedade de Turismo e Diversoes de Macau
Sociedade de Turismo e Diversões de Macau
The Sociedade de Turismo e Diversões de Macau, SA is a company in Macau owned by Stanley Ho and his family. Historically it held a monopoly to Macau's gambling industry as the only licensee for casinos. In 2002, the Macau government began issuing more licenses and the monopoly was broken...
, owned by Stanley Ho
Stanley Ho
Stanley Ho, GBM, GLM, GBS, GML, OBE , also known as Ho Hung Sun, Stanley Ho Hung Sun, is an entrepreneur in Hong Kong and Macau. Ho is sometimes nicknamed "The King of Gambling", reflecting the government-granted monopoly he held of the Macau gambling industry for 40 years...
.
Cheng’s wealth originated from his jewellery business, Chow Tai Fook. Cheng’s grandson, 32-year-old Adrian Cheng Chi-kong, is set to inherit part of Chow Tai Fook and the Hong Kong-listed New World group
New World Development
New World Development Company Limited , based in Hong Kong, is active in property, infrastructure, services and telecommunications. It was established in 1970 with Dr Ho Sin Hang as Chairman and Chow Chi Yuen as Director and General Manager...
, active in property and infrastructure.
Cheng also serves on the board of the Hang Seng Bank
Hang Seng Bank
Hang Seng Bank Limited is the second largest bank in Hong Kong. It is a listed company but it is majority owned by the HSBC Group via The Hongkong and Shanghai Banking Corporation. Hang Seng is also one of the constituent shares of the Hang Seng Index...
, Hong Kong's third-largest bank.
He represents the Kingdom of Bhutan
Bhutan
Bhutan , officially the Kingdom of Bhutan, is a landlocked state in South Asia, located at the eastern end of the Himalayas and bordered to the south, east and west by the Republic of India and to the north by the People's Republic of China...
in Hong Kong, serving as the honorary consul for the country.