Cheung Chung-kiu

Cheung Chung-kiu or Zhang Songqiao (Chinese: 張松橋; born 1964) is a Hong Kong–based Chinese billionaire businessman. He is the chairman of C C Land, Y.T. Realty and Yugang International.[1]

In this Chinese name, the family name is Cheung (Zhang).
Cheung Chung-kiu
Born
Zhang Songqiao

1964 (age 56–57)
Chongqing, China
NationalityChinese
OccupationProperty developer
Net worthUS$1.4 billion (2008)[1]
TitleChairman and founder, C C Land
Parent(s)Zhang Qingxin
Cheung Chung-kiu
Traditional Chinese張松橋
Simplified Chinese张松桥
2–8a Rutland Gate from Hyde Park, London, 2016

Early life

Cheung was born in 1964 in Chongqing, China, where he lived until 1980.[1][2][3] 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.[2] In 1980, Cheung obtained residency in Hong Kong with the help of his father.[3]

Career

Cheung started his career buying electronic goods, umbrellas, watches and cassettes in Hong Kong to resell in mainland China.[3] 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.[3]

Aged 29, Cheung had one of his companies, Yugang International, listed on Hong Kong's stock exchange.[3]

Cheung is the founder and chairman of C C Land.[4]

In March 2017, his Hong Kong-listed company C C Land bought London's Leadenhall Building from British Land and Oxford Properties (50/50 owners) for £1.15 billion.[5]

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 for between £205 and £210 million, which would make it easily the most expensive house ever sold in the UK.[6] 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.[6]

Personal life

Cheung is a resident of Hong Kong.[1]

References
  1. "The World's Billionaires No. 843 Cheung Chung Kiu". Forbes. 5 March 2008. Retrieved 17 January 2020.
  2. "Friends in high places". South China Morning Post. Retrieved 17 January 2020.
  3. "Cheung Chung-kiu". 10 March 2017.
  4. Yan, Pearl (14 January 2020). "Hong Kong Tycoon Cheung Chung-kiu Snaps Up London's Most Expensive Home For HK$2.1 Billion". Hong Kong Tatler. Retrieved 17 January 2020.
  5. Colson, Thomas (1 March 2017). "London's 'Cheesegrater' building was just sold to a Chinese investor for over £1 billion". Business Insider. Retrieved 17 January 2020.
  6. Neate, Rupert (10 January 2020). "Chinese tycoon agrees to buy London mansion for record £200m". The Guardian. Retrieved 17 January 2020.
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