(May 29, 2002 - Hong Kong) The Cheung Kong Group and the Hong Kong and Shanghai Banking Corporation Ltd (HSBC) have always enjoyed a close and cordial business relationship. Both corporations have strong commitments towards charity projects and good causes. HSBC and Cheung Kong have for the past two years been respectively named the first and first runner-up on the Hong Kong Community Chest's list of most successful fund-raising companies.

Recently, Mr David Eldon, Chairman of HSBC, took part in Community Chest's annual fund-raising show and gave a rendition of the song 'Islands in the Stream'. In appreciation of Mr Eldon's outstanding performance, the Cheung Kong Group made a donation of HK$230,000 to the Chest. It is understood that this donation is the highest amount raised so far from Mr Eldon's performance.

At the recently held cheque presentation ceremony, Cheung Kong (Holdings) Limited Executive Director Mr Justin Chiu (right in picture) presented the cheque to Mr Lincoln Yu (left), Co-Chairman, Community for the Chest Organising Committee, in the presence of Mr Lawrence Law, Head of Mortgages, Personal Financial Services of HSBC (centre).