Chinese Estates Holdings Limited () is a major Chinese
investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.
In finance, the purpose of investing i ...
holding company, based in
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
.
Its subsidiaries are principally engaged in
property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...
investment and development,
brokerage
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...
,
securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
investment and
money lending
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that de ...
.
The company is organized into five divisions:
property development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...
and trading, which is engaged in property development and sales of properties; property leasing, which is engaged in property rental; money lending, which is engaged in loan financing; listed securities investment and treasury products, which is engaged in listed securities investment and trading, over-the counter trading and
structured product
A structured product, also known as a market-linked investment, is a pre-packaged structured finance investment strategy based on a single Security (finance), security, a basket of securities, Option (finance), options, Index (economics), indices, ...
s, and unlisted securities investment, investment holding and brokerage, which is engaged in unlisted securities investment, trading and brokerage.
Joseph Lau
Joseph Lau Luen-hung (; born 21 July 1951) is a Hong Kong billionaire. Lau is the former chairman of property developer Chinese Estates. He is an avid art and wine collector. His fortune is estimated by ''Forbes'' at $13.3 billion as of ...
holds a major stake in Chinese Estates Holdings.
On March 13, 2006, the company acquired 100%
equity
Equity may refer to:
Finance, accounting and ownership
* Equity (finance), ownership of assets that have liabilities attached to them
** Stock, equity based on original contributions of cash or other value to a business
** Home equity, the dif ...
interest of
JadeField Limited. On January 5, 2006, it acquired 70.01% equity interest of
Moon Ocean Ltd.
External links
{{commonscat, Chinese Estates Holdings
Company websiteGoogle financial intelligence tracker
Companies listed on the Hong Kong Stock Exchange
Land developers of Hong Kong
Companies with year of establishment missing