Mr.
Li Ka-shing is the Chairman of Cheung Kong (Holdings) Limited
and Hutchison Whampoa Limited. Cheung Kong (Holdings) Limited
is the flagship of the Cheung Kong Group which has business
operations in 57 countries around the world and employs about 260,000 staff. In Hong Kong alone, the Group includes eight
listed companies with a combined market capitalization of
approximately HK$876 billion (31 May, 2008). Hutchison
Whampoa Limited is a Fortune Global 500 company.
Born in 1928 in Chiu Chow, a coastal city in the southeastern
part of China, Mr. Li fled to Hong Kong with his family to
avoid the perils of war. His father suffered from tuberculosis
and passed away in Hong Kong. Shouldering the responsibility
of looking after the livelihood of the family, Mr. Li was
forced to leave school before the age of 15 and found a job in
a plastics trading company where he labored 16 hours a day.
By 1950, his hard work, prudence and his pursuit of excellence
had enabled him to start his own company, Cheung Kong Industries.
From manufacturing plastics, Mr. Li led and developed his
company into a leading real estate investment company in Hong
Kong that was listed on the Hong Kong Stock Exchange in 1972.
Cheung Kong continued to expand by acquiring Hutchison Whampoa
and Hongkong Electric Holdings Limited in 1979 and 1985 respectively.
Based in Hong Kong, the Cheung Kong Group's businesses encompass
such diverse areas as property development and investment,
real estate agency and estate management, hotels, telecommunications
and e-commerce, finance and investments, retail,
ports and related services, energy, infrastructure projects
and materials, media, and biotechnology. Mr. Li is a strong
believer in synergy—the power of combined efforts. This
belief is reflected in his naming his company Cheung Kong
Holdings after the Yangtze River that flows through China,
a great river that aggregates countless streams and tributaries.
The Times in the United Kingdom and Ernst & Young UK jointly
named Mr. Li as the Entrepreneur of the Millennium at the
turn of the century.
Mr. Li believes that an equitable society can only be achieved
if each and every individual is ready and willing to do his
or her part. In 1980, Mr. Li set up a charitable foundation
with a mission to enhance the impact of its philanthropy through two strategic objectives: to nurture a culture of giving and to foster creativity, constructive engagement, and sustainablily through supporting capacity empowerment focused projects. The Li
Ka Shing Foundation, sponsorships and commitments
of over HKD9.7billion.
Mr. Li also founded Shantou
University in 1981 in Shantou, China, to engineer reforms
in China's education system. Shantou University has nine
colleges including a medical college with five affiliated
hospitals. With students enrolling from all parts of China,
the university has approximately 7,000 undergraduate and 1,500 graduate
students.
In recognition
of his philanthropic efforts and his contributions to society,
Mr. Li has received Honorary Doctorates from the University
of Cambridge, the University of Calgary in Canada, Peking
University, and the University of Hong Kong, among others.
Mr. Li, a Justice of the Peace, has also received the Grand
Officer of the Order Vasco Nunez de Balboa from Panama, The
Commander in the Leopold Order from Belgium, Knight (Commander
of the Order) of the British Empire, the Grand Bauhinia
Medal of Hong Kong, and the Commandeur de la Légion d'Honneur from
the French Government.
Mr. Li has two sons. The elder son, Victor, now serves as
Managing Director and Deputy Chairman of Cheung Kong (Holdings)
Limited, Deputy Chairman of Hutchison Whampoa Limited, and
Chairman of Cheung Kong Infrastructure Holdings Limited and
CK Life Sciences international (Holdings) Inc. Mr. Li's younger
son, Richard, is Chairman of PCCW, one of Asia's leading information
technology and telecommunications companies.
11June, 2008
|