Kwong Siu-hing

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]

In this Chinese name, the family name is Kwok née Kwong.

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

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. "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. "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. "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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