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Fifteen years later, he entered the property business through his flagship company Cheung Kong Holdings.
CNN: Up, Up And Away
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In 2011, Hong Kong billionaire Li Ka-shing's Cheung Kong Infrastructure Holdings Ltd.
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Li Ka-shing, Asia's richest man, is lowering prices on apartments developed by his flagship Cheung Kong (Holdings) Ltd.
WSJ: Big Players Cash Out of Hong Kong Property
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In late July, Cheung Kong Infrastructure Holdings Ltd.
WSJ: Deals Stage a Comeback
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Before Reliance's issue, Cheung Kong (Holdings) Ltd.
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In Hong Kong, Chau expects that falling interest rates will help stocks as a whole, especially such blue-chip property developers as Cheung Kong and Sun Hung Kai Properties, both Chau holdings, since lower borrowing costs should stimulate demand for property. (Fair disclosure: Through cef Holdings, Cheung Kong is an investor in Chau's employer, TAL CEF Global Asset Management).
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Evidently bullish, he has been buying up more shares lately in his main holdings, Cheung Kong, Hutchison Whampoa and Canadian oil firm Husky Energy.
FORBES: No. 11 Li Ka-shing