Cheung Chung-kiu

In this Chinese name, the family name is Cheung (Zhang).

Cheung Chung-kiu
Born	Zhang Songqiao 1964 (age 60–61) Chongqing, China
Occupation	Property developer
Title	Chairman and founder, C C Land
Parent	Zhang Qingxin

Cheung Chung-kiu
Traditional Chinese	張松橋
Simplified Chinese	张松桥
Transcriptions Standard Mandarin Hanyu Pinyin Zhāng Sōngqiáo Yue: Cantonese Jyutping Zoeng^1 Cung^4-kiu^4 IPA [tsœŋ˥ tsʰʊŋ˩.kʰiw˩]

2–8a Rutland Gate, Hyde Park, London, 2016

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

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.