# Hang Lung Group

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Investment holding company

Hang Lung Group 恆隆集團有限公司 Type Public Traded as SEHK: 10 Industry Real estate, car park, property management, dry cleaning Founded 13 September 1960 Founder T.H. Chan Area served Hong Kong Mainland China Key people Ronnie Chan (Hon. Chair); Adriel Chan (Chair); Weber Lo (CEO) Subsidiaries Hang Lung Properties Website hanglung.com

**Hang Lung Group** is an investment holding company that engages in property development for sales and leasing, as well as management of car parks, properties, and dry cleaning businesses.[1] Its subsidiary [Hang Lung Properties](/source/Hang_Lung_Properties) is one of the largest [property developers in Hong Kong](/source/Property_developers_in_Hong_Kong) and also invests in the [mainland China](/source/Mainland_China) market. As of 2018[\[update\]](https://en.wikipedia.org/w/index.php?title=Hang_Lung_Group&action=edit), Hang Lung Group ranked number 1501 in the [Forbes Global 2000](/source/Forbes_Global_2000) list.[2]

## History

Hang Lung Group was founded by [T.H. Chan](/source/T.H._Chan) on 13 September 1960 and is now one of Hong Kong's biggest real estate developers.[3] For the first 32 years, the group operated its business mainly in Hong Kong. It became well known by developing the largest residential complexes along the [Mass Transit Railway](/source/MTR). The Hong Kong market suffered from a temporary collapse during the early 1980s owing to uncertainty surrounding the territory's return to China, but Hang Lung survived the turmoil. The group operates businesses in property development for sale and lease in Hong Kong. Its investment properties are diversified, ranging from retail and residential developments to industrial and office complexes.[3]

In 1988, it gained control of [Parry Corporation](/source/Kevin_Parry_(Australian_businessman)) in Australia.[4][5] On 1 January 1991, [Ronnie Chan](/source/Ronnie_Chan) took over as the group's chairman.[3] He foresaw the opportunity to invest in the [mainland China](/source/Mainland_China) market owing to its rapid economic growth. Its first step into the mainland, in Shanghai in 1992, was with two landmark properties, [Plaza 66](/source/Plaza_66) and [Grand Gateway 66](/source/Grand_Gateway_Shanghai). Following the success of its Shanghai projects, the group continued to expand its business to other parts of the mainland such as [Shenyang](/source/Shenyang), [Jinan](/source/Jinan), [Wuxi](/source/Wuxi), [Tianjin](/source/Tianjin), [Dalian](/source/Dalian), [Kunming](/source/Kunming), and [Wuhan](/source/Wuhan).[3]

### List of chairmen

1. [T.H. Chan](/source/T.H._Chan) (1960–1986); founder

1. Thomas Chen Tseng-tao (1986–1991); brother of T.H. Chan

1. [Ronnie Chan](/source/Ronnie_Chan) (1991–2024); son of T.H. Chan

1. Adriel Chan (2024–present); son of Ronnie Chan

## See also

- [Hang Lung Properties](/source/Hang_Lung_Properties)

## References

1. **[^](#cite_ref-1)** ["Hang Lung Group Ltd (0010.HK) Company Profile"](https://www.reuters.com/finance/stocks/company-profile/0010.HK). *Reuters*. Retrieved 17 July 2018.

1. **[^](#cite_ref-2)** ["Hang Lung Group on the Forbes Global 2000 List"](https://www.forbes.com/companies/hang-lung-group/). *Forbes*. Retrieved 17 July 2018.

1. ^ [***a***](#cite_ref-HangLungGroup_3-0) [***b***](#cite_ref-HangLungGroup_3-1) [***c***](#cite_ref-HangLungGroup_3-2) [***d***](#cite_ref-HangLungGroup_3-3) ["Corporate Profile"](https://web.archive.org/web/20150310042627/http://www.hanglung.com/en/hang-lung-group/about-us/corporate-profile.aspx). *Hang Lung Group Limited*. Archived from [the original](http://www.hanglung.com/en/hang-lung-group/about-us/corporate-profile.aspx) on 10 March 2015. Retrieved 2 April 2013.

1. **[^](#cite_ref-4)** [Hang Ling moves on Parry Corp](https://trove.nla.gov.au/newspaper/article/102077089) *[Canberra Times](/source/Canberra_Times)* 5 April 1988 page 13

1. **[^](#cite_ref-5)** [Hang Lung May Take a Bigger Slice of Parry](https://web.archive.org/web/20200424072859/https://www.afr.com/politics/hang-lung-may-take-a-bigger-slice-of-parry-19880512-k2t0u) *[Australian Financial Review](/source/Australian_Financial_Review)* 12 May 1988

## External links

- [Hang Lung Group](http://www.hanglung.com/)

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