Cheung Chung-kiu
Cheung Chung-kiu | |
|---|---|
| Born | 1964 Chongqing, China |
| Other names | Zhang Songqiao |
| Occupation(s) | Entrepreneur, businessman |
| Known for | Chairman of C C Land, Y.T. Realty, Yugang International |
Cheung Chung-kiu, also known as Zhang Songqiao (; born 1964), is a Chinese billionaire entrepreneur. He holds the position of chairman at C C Land, Y.T. Realty, and Yugang International.
Early life
Cheung was born in 1964 in Chongqing, China, where he lived until 1980. His father, Zhang Qingxin, previously managed a foreign trade enterprise and served on the boards of several companies associated with Cheung. With his father's support, Cheung secured residency in Hong Kong in 1980.
Career
Cheung's initial business activities involved purchasing items such as electronics, umbrellas, watches, and cassette tapes in Hong Kong for resale within mainland China. He later shifted his focus to real estate by acquiring farmland north of Chongqing and developing California Garden, recognized as the city's inaugural large-scale residential project.
By age 29, Cheung successfully listed his firm Yugang International on the Hong Kong Stock Exchange.
As the founder and chairman of C C Land, Cheung expanded his business footprint beyond China. Notably, in March 2017, C C Land completed the £1.15 billion acquisition of London's 122 Leadenhall Street from British Land and Oxford Properties.
In January 2020, Cheung agreed to purchase 2–8a Rutland Gate, a 45-room mansion with views over Hyde Park, London, from the estate of Sultan bin Abdulaziz Al Saud for an estimated £205–210 million—potentially marking the highest-priced residential transaction in the UK. There are intentions to convert this property into multiple apartments, which could elevate its market value to approximately £700 million.
Personal life
Cheung currently resides in Hong Kong.