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Hang Lung Properties is a property investor and mainly holds commercial assets in Hong Kong and China. Rental income accounts for the majority of operating profit with mainland China a larger contributor, relative to Hong Kong. The balance of the group's income is derived from property development in Hong Kong. In China, the company’s exposure is almost entirely in retail, office and hotels. Its properties are spread mostly across Tier 1 and Tier 2 cities. As such, investors view the company as a proxy for China’s overall retail performance. The company is 59% owned by Hang Lung Group and is led by Ronnie Chan, who has been the company's chairman since 1991.
Hong Kong, Hong Kong