Henry Cheng

Who is Henry Cheng?

Dr. Henry Cheng Kar-shun; born 1946, Hong Kong, GBS, is a Hong Kong entrepreneur and billionaire.

Cheng is the elder son of Cheng Yu-tung, the founder of New World Development, and is the chairman of New World Development as well as chairman of NWS Holdings, New World China Land, New World Department Store China and Taifook Securities. He is also a Standing Committee Member of the Eleventh Chinese People’s Political Consultative Conference.

In the 2012 Chief Executive election, Chan initially supported Henry Tang but switched to support the eventual winner, Leung Chun-ying. When Leung's second Secretary for Development, Paul Chan, became embroiled in a property and credibility scandal, Cheng was the first - and to date is the only - public figure to offer support.