Hang Lung Group is an investment holding company that engages in property development for sales and leasing, as well as management of car parks, properties, and dry cleaning businesses. Its subsidiary

Hang Lung Properties Hang Lung Properties, formerly Amoy Properties and currently subsidiary of Hang Lung Group, is a property developer in Hong Kong. It is a member of Hang Seng Index Constituent Stocks ( blue chip) and is headquartered in the Standard Chartered ...

is one of the largest

property developers in Hong Kong Since the British colonialisation in 1841 after the First Opium War, Hong Kong has grown from a stony outcrop on the southern coast of China to a territory whose property prices are among the highest in the world. The territory has a land mass of . ...

, and also invests in the

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

market. , Hang Lung Group ranked number 1501 in the

Forbes Global 2000 The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by ''Forbes'' magazine. "The Global 2000" annual ranking is assembled by ''Forbes'' using a weighted assessment of four metrics: sales, profi ...

list.

History

Hang Lung Group was founded by

T.H. Chan Chan Tseng-hsi (; 1923 – March 8, 1986) was a Chinese entrepreneur who founded the Hong Kong-based real estate company Hang Lung Group. Born and raised in Guangdong, China, Chan moved to the British Hong Kong in the 1940s because of the Chines ...

on 13 September 1960, and is now one of Hong Kong's biggest real estate developers. For the first 32 years, the Group operated its business mainly in Hong Kong. It became well known by developing the largest residential complexes along the

Mass Transit Railway The Mass Transit Railway (MTR) is a major public transport network serving :Hong Kong. Operated by the MTR Corporation Limited (MTRCL), it consists of heavy rail, light rail, and feeder bus service centred on a 10-line rapid transit network ...

. The Hong Kong market suffered from a temporary collapse during the early 1980s due to uncertainty surrounding the territory's return to China, but Hang Lung survived the turmoil. The group operates businesses in property development for sale and lease in Hong Kong. Its investment properties are diversified, ranging from retail and residential developments to industrial and office complexes. In 1988, it gained control of

Parry Corporation Kevin John Parry (1933 – 26 November 2010) was a businessman from Western Australia, most noted for his backing of the Taskforce '87 syndicate which unsuccessfully defended the 1987 America's Cup in Fremantle, Western Australia. The defence cos ...

in Australia.Hang Lung May Take a Bigger Slice of Parry
''

Australian Financial Review ''The Australian Financial Review'' (abbreviated to the ''AFR'') is an Australian business-focused, compact daily newspaper covering the current business and economic affairs of Australia and the world. The newspaper is based in Sydney, New Sou ...

'' 12 May 1988 On 1 January 1991,

Ronnie Chan Ronnie Chan Chi-chung (; born 1949) is a Hong Kong businessman. Education Chan earned bachelor's and master's degrees in biology from a California State University. He received an MBA from the University of Southern California in 1976. Chan ...

took over as the group's chairman. He foresaw the opportunity to invest in the

market due to its rapid economic growth. Its first step into the Mainland, in Shanghai in 1992, was with two landmark properties,

Plaza 66 Plaza 66 () is a commercial and office complex in Shanghai, consisting of a shopping mall and two skyscrapers. The shopping mall has 5 levels with a total area of over 50,000 square metres. Tower One is high and was completed in 2001, while Towe ...

and Grand Gateway 66. Following the success of its Shanghai projects, the group continued to expand its business to others parts of the mainland such as

Shenyang Shenyang (, ; ; Mandarin pronunciation: ), formerly known as Fengtian () or by its Manchu language, Manchu name Mukden, is a major China, Chinese sub-provincial city and the List of capitals in China#Province capitals, provincial capital of Lia ...

Jinan Jinan (), Postal Map Romanization, alternately romanization of Chinese, romanized as Tsinan, is the Capital (political), capital of Shandong province in East China, Eastern China. With a population of 9.2 million, it is the second-largest city i ...

Wuxi Wuxi (, ) is a city in southern Jiangsu province, eastern China, by car to the northwest of downtown Shanghai, between Changzhou and Suzhou. In 2017 it had a population of 3,542,319, with 6,553,000 living in the entire prefecture-level city ar ...

Tianjin Tianjin (; ; Mandarin: ), alternately romanized as Tientsin (), is a municipality and a coastal metropolis in Northern China on the shore of the Bohai Sea. It is one of the nine national central cities in Mainland China, with a total popul ...

Dalian Dalian () is a major sub-provincial port city in Liaoning province, People's Republic of China, and is Liaoning's second largest city (after the provincial capital Shenyang) and the third-most populous city of Northeast China. Located on the ...

Kunming Kunming (; ), also known as Yunnan-Fu, is the capital and largest city of Yunnan province, China. It is the political, economic, communications and cultural centre of the province as well as the seat of the provincial government. The headquar ...

, and

Wuhan Wuhan (, ; ; ) is the capital of Hubei, Hubei Province in the China, People's Republic of China. It is the largest city in Hubei and the most populous city in Central China, with a population of over eleven million, the List of cities in China ...

List of chairmen

(1960–1986); founder # Thomas Chen Tseng-tao (1986–1991); brother of T.H. Chan #

(1991– ); son of T.H. Chan

References

{{reflist

External links

Hang Lung Group
Land developers of Hong Kong Conglomerate companies of Hong Kong Conglomerate companies established in 1960 Construction and civil engineering companies established in 1960 1960 establishments in Hong Kong Companies listed on the Hong Kong Stock Exchange Former companies in the Hang Seng Index

History

List of chairmen

See also

References

External links