Kwong Siu-hing
Kwong Siu-hing (centre) flanked by Timothy Fok (left) and her son, Thomas (right) in July 2008
Born
鄺肖卿

(1929-12-02) December 2, 1929
Hua County, Guangdong, China[1]
Occupationcompany director
Years active2008–2011
Board member ofSun Hung Kai Properties (former chairperson and non-executive director)
SpouseKwok Tak-seng
Children
Chinese name
Traditional Chinese鄺肖卿
Simplified Chinese邝肖卿
Jyutpingkwong3 ciu3 hing1

Kwong Siu-hing, or sometimes Kwok Kwong Siu-hing (Chinese: 郭鄺肖卿;[2] born 2 December 1929[3]), is the matriarch of the Kwok family. She controls the conglomerate Sun Hung Kai Properties, the largest property developer in Hong Kong as of 2019.[4] As of 2008, Kwong effectively controls about 41.53% of SHK Properties' shares through a family trust, so she was deemed as the largest shareholder of the company, with a net worth of 12.1 billion dollars as of July 2020.[5][6]

Family

Kwong is the widow of Kwok Tak-seng, the founder of Sun Hung Kai Properties, and the mother of Walter, Thomas and Raymond, directors of the company. She moved from mainland China to British Hong Kong in 1947,[1] on the eve of the Second Chinese Civil War.

According to the South China Morning Post, prior to her 2008 appointment as chairperson, she "had never sat on the board of a Hong Kong company".[1] On 27 May 2008, Kwong replaced her son Walter when he was ousted as chairperson of the company;[1][5] she stepped down from the position in late 2011.[7] Walter Kwok also had a bitter rivalry with his brothers, which ended in division of the family fortune.[1][8]

The Kwok family was ranked as the third in Forbes's 2017 Asia's Richest Families, with a net worth of US$40.4 billion.[9] In a separate ranking, her sons Thomas and Raymond were collectively ranked as the fourth-richest in Hong Kong as of 2018 by the annual Forbes' Hong Kong's 50 Richest list;[10] The two younger brothers were ranked as 77th in the 2018 list of The World's Billionaires, with a net worth of US$16.5 billion at that time.[10] Walter Kwok was ranked 10th in Hong Kong and 190th in the world, also by Forbes. His estimated net worth at that time was US$8 billion.[11] In February 2019, she ranked 78th in the Billionaires 2019 list and 5th in the Hong Kong's 50 Richest 2019 list with a net worth of US$15.1 billion.

Kwong's son Walter died on 20 October 2018.[12]

See also

References

  1. 1 2 3 4 5 "Breaking with the old ways". South China Morning Post. Hong Kong. 14 July 2012. Archived from the original on 20 October 2018. Retrieved 20 October 2018.
  2. ↑ 郭老太鄺肖卿 地位舉足輕重. Hong Kong Economic Journal (in Chinese (Hong Kong)). 20 February 2008. Archived from the original on 25 December 2018. Retrieved 21 October 2018.
  3. ↑ "郭氏三兄弟世紀聚首 》賀郭老太生日 郭炳江先恤個靚髮". Apple Daily. Hong Kong. 2 December 2016. Archived from the original on 25 April 2021. Retrieved 25 April 2021.
  4. ↑ "Lands Resumption Ordinance: Sun Hung Kai to cooperate but questions use". South China Morning Post. 23 September 2019. Archived from the original on 13 November 2020. Retrieved 13 November 2020.
  5. 1 2 "Changes to the board" (PDF) (Press release). Hong Kong: Sun Hung Kai Properties. 27 May 2008. Archived (PDF) from the original on 3 March 2021. Retrieved 20 October 2018 – via Hong Kong Exchanges and Clearing website.
  6. ↑ "Hong Kong's Sun Hung Kai Props appoints Kwong Siu-hing as new chairwoman". Forbes. Archived from the original on 6 November 2008. Retrieved 2 September 2017.
  7. ↑ Lui, Polly (16 September 2011). Written at Hong Kong. "Sun Hung Kai Profit Jumps; Chairwoman to Retire". The Wall Street Journal. New York. Archived from the original on 2 March 2018. Retrieved 8 August 2017.
  8. ↑ 420億分產棄上訴 郭炳湘願大和解. Sing Tao Daily (Canada) (in Traditional Chinese). 8 May 2018. Archived from the original on 20 October 2018. Retrieved 20 October 2018.
  9. ↑ "Kwok family". Forbes. 2018. Archived from the original on 2 October 2019. Retrieved 20 October 2018.
  10. 1 2 "Thomas & Raymond Kwok". Forbes. 2018. Archived from the original on 19 November 2019. Retrieved 20 October 2018.
  11. ↑ "Walter Kwok". Forbes. 2018. Archived from the original on 12 November 2020. Retrieved 20 October 2018.
  12. ↑ Zhang, Karen; Swift, Ryan (20 October 2018). "Hong Kong property magnate Walter Kwok dies, aged 68". South China Morning Post. Hong Kong: South China Morning Post Publishers (Alibaba Group). Archived from the original on 20 October 2018. Retrieved 21 October 2018.
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