82-574: Repulse Bay or Tsin Shui Wan is a bay in the southern part of Hong Kong Island , located in the Southern District , Hong Kong. It is one of the most expensive residential areas in the world. Repulse Bay is located in the southern part of Hong Kong Island , to the east of Deep Water Bay and to the west of Middle Bay and South Bay . Middle Island is located off Hong Kong Island, between Repulse Bay and Deep Water Bay. The origins of
164-496: A US$ 55 million Series A round in Blockstream , the leader in blockchain related technologies, and also invested in a startup incubator fund Expa, that works with the founders to build new companies. In September 2017, Li worked with Alibaba's Jack Ma to bring AlipayHK , a digital wallet service, to Hong Kong . Through CK Infrastructure Holdings Limited, Li owns 75% of British water supplier Northumbrian Water ,
246-463: A 0.8% stake in social networking website Facebook for US$ 120 million in two separate rounds, and invested an estimated US$ 50 million in the music streaming service Spotify . Some time between late 2009 and early 2010, Li Ka-shing led a US$ 15.5 million Series B round of financing for Siri Inc. In 2011, Horizons Ventures invested in Summly , a website-summarizing app. Notably,
328-514: A Fallen City (傾城之戀) is set at the Repulse Bay Hotel. 22°13′50″N 114°11′10″E / 22.23056°N 114.18611°E / 22.23056; 114.18611 Hong Kong Island Hong Kong Island ( Chinese : 香港島 ; Jyutping : Hoeng1 gong2 dou2 ; Cantonese Yale : Hēunggóng dóu ) is an island in the southern part of Hong Kong . The island, known originally and on road signs simply as "Hong Kong", had
410-518: A Many-Splendored Thing . " Until the early 1960s, residential buildings were quite restricted. Three blocks of six storey apartments were developed by Dr. P. P. (Put-Paw) Chiu and his brother P. W. (Put-Wai) Chiu, part way up the mountain overlooking Repulse Bay. These were luxury apartments with servants' quarters, with only two apartments per floor in Blocks A and B. Apartments in Block C are smaller. For
492-618: A controlling stake of 67% in Hutchison Essar , a joint venture Mobile operator in India, to Vodafone for US$ 11.1 billion . Li has also made a foray into the technology business, where his investment and venture capital firm Horizons Ventures is specifically allocated towards backing new internet and technology startup firms, and bought a stake in doubleTwist . His other firm, the Li Ka Shing Foundation bought
574-505: A cross-shareholding structure that was designed to place control in the hands of Britain's Keswick family despite their less than 10% holdings in the group. In 1984, the company also moved its legal domicile from Hong Kong to another British overseas territory – Bermuda , in anticipation of the transfer of sovereignty of Hong Kong to People's Republic of China in 1997. In an effort to drive forward divestitures of assets in Hong Kong and
656-470: A large foreign buyer. Fortunately for Li, the buyer placed a large order and a few years later, Li grew to be the largest supplier of plastic flowers in Asia and made a fortune selling them. In 1958, believing rents would continue to rise, Li decided to purchase a site and develop his own factory building. An opportunity to acquire more land arrived after the 1967 riots when many people fled Hong Kong, and, as
738-648: A link from Sheung Wan to Wan Chai North and the Eastern Corridor beyond Causeway Bay . It was built as part of the Central and Wan Chai Reclamation and is part of Route 4 . The bypass is toll-free. There are no bridges between the island and Kowloon, although two bridges – the Ap Lei Chau Bridge , a road bridge, and Aberdeen Channel Bridge , part of the South Island line – connect
820-560: A long period of marriage that lasted for 27–28 years from 1962 until her sudden death on New Year's Day 1990 due to a suspected drug overdose (other sources name the cause as cardiac arrest). She was the daughter of his maternal uncle (mother's younger brother), Cheung Jing-on (1908–1996) and his wife, Hew Bik-yin (1911–2002), who were also from the Chaoshan region. Both settled in British Hong Kong long before Li migrated to
902-499: A long time, these were the only apartments allowed on the mountain. These included properties on Repulse Bay Road and South Bay Road, according to a record of projects by architect Luke Him Sau — the earliest of which (among the Chiu properties) dates back to 1952. Occupying the whole of the west side cliff above the beach was a large castle with a swimming pool, greenhouse and tennis court called Eucliffe, one of three castles owned by
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#1732772896010984-554: A loop linking Causeway Bay and Happy Valley ; the latter is a funicular linking Central District to Victoria Peak . Hong Kong Island has four ferry terminals, them being the Central Ferry Piers , North Point Ferry Pier , Sai Wan Ho Ferry Pier and Wan Chai Ferry Pier . Frequently ferry services are provided from these piers to the Kowloon Peninsula and the outlying islands. A departure terminal,
1066-673: A major stake in Hutchison Whampoa from Hong Kong Bank through Cheung Kong . A subsidiary of CK Hutchison, AS Watson (ASW), is a retail operator with over 15,000 stores. Its portfolio encompasses retail brands in Europe such as Superdrug (UK), Marionnaud (France), Kruidvat (Benelux countries), and in Asia including health and beauty retailer Watson's store and wine cellars et al., PARKnSHOP supermarkets (and spin-off brands), and Fortress electrical appliance stores. ASW also produces and distributes water products and beverages in
1148-523: A net worth of US$ 35.3 billion in July 2021. His two sons, Victor Li and Richard Li , are also figures in the Hong Kong business scene. Victor Li succeeded his father as Chairman of CK Hutchison Holdings and Chairman of CK Asset Holdings, while Richard Li is Chairman of PCCW , the largest telecom company in Hong Kong. They are both Canadian citizens. He is a follower of Buddhism . Married to his first cousin , Chong Yuet-ming (1933–1990), they had
1230-552: A period of two days. In 2013 a claim was lodged by the Australian Taxation Office (ATO) against Cheung Kong Infrastructure (CKI) to pay approximately A$ 370 million in unpaid tax, penalties and interest relating to tax disputes concerning SA Power Networks and Victoria Power Networks. The dispute was resolved in 2015 when CKI entered into an agreement with the ATO. No penalty was levied against CKI and
1312-409: A plant, Li founded a plastic manufacturing company in Hong Kong with personal savings and funds borrowed from relatives. Li avidly read trade publications and business news before deciding to supply the world with high quality plastic flowers at low prices. Li learned the technique of mixing colour with plastics that resemble real flowers. After retooling his shop, he prepared the plant for a visit from
1394-609: A population of 1,289,500 and a population density of 16,390 per square kilometre (42,400/sq mi), as of 2023 . It is the second largest island in Hong Kong, with the largest being Lantau Island . Hong Kong Island forms one of the three areas of Hong Kong , with the other two being Kowloon and the New Territories . In 1842, following the Qing dynasty 's defeat at the First Opium War (1839–1842), Hong Kong Island
1476-550: A presence around the world, including China. Li came under attack from the Global Times newspaper in early 2015, when his companies put out word that it was considering selling prime Shanghai and Beijing properties. It became apparent that Li aimed at re-weighting his asset portfolio to more stable and transparent markets in the West. Concerted attacks ensued and went into a crescendo as China's economy slowed down dramatically in
1558-518: A result, property prices plummeted. Li believed the political crisis would be temporary and property prices would eventually rise, and bought land from the fleeing residents at low prices. In 1971, Li officially named his real estate development company Cheung Kong ( 長江實業 ). Cheung Kong Holdings was publicly listed in Hong Kong Stock Exchange in 1972. During board meetings, Li stated on a number of occasions his goal of surpassing
1640-648: A stake in Ginger Software Incorporated. In 2013, Horizons Ventures invested in bitcoin payment company BitPay. In February 2015, Horizons Ventures participated in a US$ 30 million Series C funding round in Zoom Video Communications. Later in the year, Li participated in a US$ 108 million Series D round in Impossible Foods. In 2016, he continued investments in technology companies and Horizons Ventures led
1722-721: A sum of approximately A$ 24 million was refunded from the A$ 64 ;million previously paid to the ATO by CKI. After his almost-70-year reign over CK Hutchison Holdings and CK Asset Holdings , Li announced his retirement on 16 March 2018 and the decision to pass control of his US$ 100 billion empire to his son, Victor Li . He is still involved in the conglomerate as a senior advisor. Besides business through his flagship companies CK Asset Holdings and CK Hutchison Holdings , Li Ka-shing has also personally invested extensively in real estate in Singapore and Canada. He
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#17327728960101804-478: Is heavily concentrated along the northern shore. The combined population of Central and Western, Wan Chai, and Eastern is 925,200, giving this urbanised part of the island a density of around 22,500 per km , or 58,000 per mi , in its approximately 41.3 km (15.9 sq mi). The residents living in the Central and Western District and Wan Chai District have the highest median household income compared with
1886-487: Is largely responsible for the development of Hong Kong due to its deep waters favoured by large trade ships. The island is home to many famous tourists sights, such as " The Peak ", Ocean Park , Former Central Police Station Compound , Murray House , and many other historical sites and various large shopping centres. The mountain ranges across the island are also famous for hiking . The northern part of Hong Kong Island, together with Kowloon and Tsuen Wan New Town , forms
1968-488: Is served by Repulse Bay Road , which connects Wong Nai Chung Gap Road and Tai Tam Road . It is very convenient for people to travel to Repulse Bay as there are many bus routes reaching the bay. Visitors can take bus no. 6, 6A, 6X, 66 or 260 from Central, 63, 65 from Causeway Bay and North Point , or 73 from Cyberport and Aberdeen . Minibus 40, 52 are also available for visitors travelling from Causeway Bay and Aberdeen respectively. Transportation either passes through
2050-402: Is the second-largest island of the territory, the largest being Lantau Island . Its area is 78.59 km (30.34 sq mi), including 6.98 km (2.69 sq mi) of land reclaimed since 1887 and some smaller scale ones since 1851. It makes up approximately 7% of the total territory. It is separated from the mainland of the territory ( Kowloon Peninsula and New Territories ) by
2132-790: The Aberdeen Tunnel , or travels along the slightly longer scenic route. Beach-goers may also opt to drive there. The beach provides some parking space, and the nearby Repulse Bay Hotel also has parking facilities. There are no MTR stations in Repulse Bay, nor has any MTR project been proposed or commenced there. Repulse Bay is in Primary One Admission (POA) School Net 18. Within the school net are multiple aided schools (operated independently but funded with government money) and Hong Kong Southern District Government Primary School. Author Eileen Chang 's novel, Love in
2214-714: The Canadian Imperial Bank of Commerce , with all proceeds going to private charitable foundations established by Li, including the Li Ka Shing Foundation in Hong Kong and the Li Ka Shing (Canada) Foundation based in Toronto , Ontario. Li was the non-executive director of the Hongkong & Shanghai Banking Corporation since 1980 and became deputy chairman of the bank in 1985. He was also Deputy Chairman of HSBC in 1991–1992. According to Bloomberg, he had
2296-518: The Cape D'Aguilar Marine Reserve , is located on the southern tip of the island in Cape D'Aguilar . It was opened in July 1996 and has a sea area of approximately 20 hectares. The reserve was set up for the purpose of the conservation of marine resources, scientific studies and education for the appreciation of precious marine resources. Visits to the marine reserve by the public is discouraged, with water sports and costal recreational activities prohibited in
2378-652: The Chairman of the Board in May 2018; through it, he is a port investor, developer, and operator of the largest health and beauty retailer in Asia and Europe. As of July 2023, Li is the 33rd richest person in the world, with an estimated net wealth of US$ 37.7 billion . Li invests in a wide array of industries, including transportation, real estate, financial services, retail, and energy and utilities. His conglomerate company Cheung Kong Holdings invests in many sectors of
2460-803: The Hong Kong Macau Ferry Terminal is located in Sheung Wan to provide turbojet ferry services to Macau . A tourist sightseeing ferry service, branded as the "Water Taxi" is also offered. The ferry service travels in the Victoria Harbour to sightseeing attractions of Hong Kong, such as the Hong Kong Observation Wheel , International Financial Centre , Tsim Sha Tsui Promenade, West Kowloon Cultural District and Kai Tak Cruise Terminal . It has 4 drop off points. Public piers are also alongside
2542-575: The Japanese occupation of Hong Kong . Isogai Rensuke became the first Japanese governor of Hong Kong. Hyper-inflation and food rationing followed; and the Japanese declared Hong Kong Dollars illegal. The Japanese enforced a repatriation policy throughout the period of occupation due to the scarcity of food and the possible counter-attack of the Allies. As a result, the unemployed were deported to
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2624-464: The Jardines -owned Hongkong Land as a leading developer. The successful bid by Cheung Kong for development sites above the Central and Admiralty MTR stations in 1977 was the key to challenging Hongkong Land as the premier property developer in Hong Kong. Despite its size, Jardines decided in the 1980s to protect itself from hostile takeover by Li or other outside investors. The company implemented
2706-517: The Leisure and Cultural Services Department . Due to the early development of Hong Kong Island, many historical buildings can be found on Hong Kong Island. As of 2023, the population of Hong Kong Island is approximately 1,188,500, making up approximately 15.8% of the 7,536,100 in Hong Kong . Its population density is higher than the whole of Hong Kong , c. 18,000 per km . However, the population
2788-1025: The Mainland , and the population of Hong Kong had dwindled from 1.6 million in 1941 to 600,000 in 1945. The population of Hong Kong Island grew exponentially after the Second World War and the Communist revolution in China . It became apparent that the lands in the old Central District were insufficient to accommodate the population. Many undeveloped or underdeveloped areas Hong Kong Island such as North Point , Shau Kei Wan , Aberdeen and Wong Chuk Hang began its development and urbanisation. These areas initially started off as industrialised areas, with some areas such as Quarry Bay , Wan Chai and Causeway Bay later becoming new commercial centres when Hong Kong moved away from its period of industrialisation , as these areas provided relatively cheaper rent than
2870-568: The Tseung Kwan O line and road traffic in separate parallel conduits). Besides these harbour crossing tunnels, Hong Kong Island also has two tunnels travelling across the island itself, the Aberdeen Tunnel and Central–Wan Chai Bypass , which were opened in March 1982 and January 2019 respectively. The Aberdeen Tunnel provides a link from Happy Valley and Wong Chuk Hang , with the toll fee being HK$ 5. The Central–Wan Chai Bypass provides
2952-898: The Victoria Harbour . Most hills across the middle of the island are included within the country parks . The main hiking trail on Hong Kong Island is the Hong Kong Trail , which is 50 kilometers long and is divided into 8 sections. The trail starts in Victoria Gap on the peak and ends in Big Wave Bay . Sections 1 and 2 of the Wilson Trail across the New Territories of Hong Kong and Kowloon also passes through Tai Tam Country Park and its Quarry Bay Extension . The only marine reserve in Hong Kong,
3034-585: The Wong Nai Chung Gap on the following day. English, Scottish forces and the Canadian Winnipeg Grenadiers vigorously defended the crucial point of Wong Nai Chung Gap, and for a while successfully secured the passage between Central and the secluded southern parts of the island. Japanese casualties were about 600. However, Allied forces there were ultimately defeated by the Japanese on 23 December, and Wong Nai Chung Reservoir
3116-781: The great clearance was issued by the Shunzhi Emperor of the Qing dynasty , forcing residents in coastal areas of Guangdong , Fujian , Zhejiang , Jiangnan , and Shandong to move in-land, to prevent the loyalists of the Ming dynasty in Formosa from approaching the shores of the Mainland and seek help from residents of the coastal areas. The ban was lifted when the remnants of the Ming dynasty were exterminated in 1669, though not many original residents of Hong Kong Island returned to
3198-458: The land reclamation connecting the island to Causeway Bay in 1969. This suggests that during these periods of times, the island already had its own commercial activity. Song dynasty copper coins served as universal currency in transregional trade. During the Wanli period of the Ming dynasty (1573), Hong Kong Island belonged to the territory of Xin'an County , and remained so until 1661, when
3280-551: The British anticipated a Japanese attack on Hong Kong. As Wong Nai Chung Gap was a strategically important location of defence, large-scale defensive works were constructed there, including anti-aircraft batteries , howitzers and machine gun nests. The Battle of Hong Kong began on 8 December 1941. British , Canadian and Indian armies and the Hong Kong Volunteer Defence Forces resisted
3362-752: The Chinese Mainland, Li agreed to sell The Center , the fifth-tallest skyscraper in Hong Kong. With a value of HK$ 40.2 billion ( US$ 5.15 billion ), the deal constitutes the biggest ever office space real estate sale in the Asia-Pacific region. Li sold the Century Link complex in Shanghai for US$ 2.95 billion, the second largest transaction for a single building, according to the Financial Times . In 1979, Li purchased
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3444-581: The Hong Kong economy and made up 4% of the aggregate market capitalisation of the Hong Kong Stock Exchange . Forbes Magazine and the Forbes family honoured Li Ka-shing with the first ever Malcolm S. Forbes Lifetime Achievement Award on 5 September 2006, in Singapore . In spite of his wealth, Li has cultivated a reputation for leading a frugal no-frills lifestyle, and is known to wear simple black dress shoes and an inexpensive Seiko wristwatch. He lived in
3526-465: The Hong Kong island to Ap Lei Chau . The Ap Lei Chau Bridge is a combination of two bridges, built separately in 1980 and 1994. It was built to accommodate the growing population in Ap Lei Chau, which the residents could only access the island by boats prior to the construction of the bridge. The Central-Mid Levels escalator and walkway system is the longest outdoor covered escalator system in
3608-494: The Japanese invasion commanded by Sakai Takashi , which began eight hours after the attack on Pearl Harbor . However, the Japanese took control of the Hong Kong skies on the first day of attack and outnumbered the defenders, which retreated from the Gin Drinkers Line and consequently from Kowloon under heavy aerial bombardment and artillery barrage. On 18 December, the Japanese had conquered North Point , reaching
3690-781: The South Island line connecting four stations on Ap Lei Chau and in Wong Chuk Hang to the north shore at Admiralty station . Five MTR lines – the Tsuen Wan line , the Tseung Kwan O line , the Tung Chung line , the Airport Express – connect the north shore with Kowloon and provide onward service to the New Territories , and the East Rail line which provides another cross-harbour connection upon its extension from Hung Hom station to Admiralty station. In future,
3772-771: The Southern District. Major roads on Hong Kong Island include Connaught Road , Des Voeux Road , King's Road , Queen's Road . Hong Kong Island is connected to the Kowloon Peninsula on the mainland by two road-only tunnels (the Cross-Harbour Tunnel and the Western Harbour Crossing ), three MTR railway tunnels ( East Rail line , Tsuen Wan line and Tung Chung line / Airport Express ) and one combined road and MTR rail link tunnel ( Eastern Harbour Crossing , containing
3854-674: The US. As per Forbes list of The Richest People In The World, dated 8 MARCH 2024, Li Ka-shing is ranked #38 with a net worth of $ 37.3 Billion. Li was born in Chao'an , Chaozhou in Guangdong Province in 1928 to Teochew parents named Li Yun-ching (1898–1943) and Cheung Bik-chin (1893–1984). Li and his family fled to Hong Kong in 1940 as refugees from the Sino-Japanese war . Owing to his father's death from tuberculosis , he
3936-407: The Victoria Harbour, such as the famous now-demolished Queen's Pier in Central and now-relocated Blake Pier in Stanley, which mainly provides passenger pick-up and drop-off services for small barges, yachts and sightseeing boats. Public piers are located mainly along the Victoria Harbour mainly in Causeway Bay, Central, Shau Kei Wan, Wan Chai, and also in Aberdeen, Ap Lei Chau and Stanley, places in
4018-422: The area, namely the Government House , Central Government Complex , Legislative Council Complex , Hong Kong Court of Final Appeal and High Court of Hong Kong . Many financial institutes and banks such as the Hong Kong Stock Exchange , Hong Kong Monetary Authority , HSBC and Bank of China are also based in the area. The northern coast of the island forms the southern shore of the Victoria Harbour , which
4100-400: The area. Piracy was rampant in the area until the island was ceded to the United Kingdom in 1842. Following the First Opium War (1839–1842), Hong Kong Island was ceded to Great Britain in 1842 under the Treaty of Nanking and the territory became a Crown colony . At the time, the island's population was only 7,450. The Second World War was a dark period for Hong Kong. In the 1930s,
4182-479: The area. It is managed by the Agriculture, Fisheries and Conservation Department . Many public beaches are also located in the Southern District of Hong Kong Island, which being the Deep Water Bay , Repulse Bay , Middle Bay , South Bay , Chung Hom Kok Beach , St. Stephen's Beach , Stanley Main Beach , Hair Pin Beach , Turtle Cove Beach , Shek O , and Big Wave Bay . These are all popular locations for water sports and activities. Public beaches are managed by
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#17327728960104264-426: The bay's English name have become extremely obscure. There are, however, many stories — none resting on any solid evidence that has so far been established. A typical example is that in 1841, the bay was used as a base by pirates and caused serious concern to foreign merchant ships trading with China . The pirates were subsequently repulsed by the Royal Navy , hence the name. There is no evidence of any such origin in
4346-452: The chief executive, I probably just said it a little early." However, Li was criticised by Chinese official state-run press agency Xinhua for being ambiguous in his opposition to the Umbrella movement protests and his support for Leung . Later, prior to the Legco vote, Li said that the largest threat to Hong Kong's future was if the government failed to ensure passage of the 2014–15 round of political reform . Li's business empire has
4428-434: The city. Li is plainly dressed for a Hong Kong tycoon. In the 1990s, he wore a HK$ 50 timepiece from Citizen Watch and plain ties. He later wore a Seiko . In 2016, he wore a HK$ 500 Citizen watch. His son Victor Li was kidnapped in 1996 on his way home after work by gangster Cheung Tze-keung (aka "Big Spender"). Li Ka-shing paid a ransom of HK$ 1 billion directly to Cheung, who had come to his house. A report
4510-450: The core urban area of Hong Kong. Their combined area is approximately 88.3 square kilometres (34.1 square miles) and their combined population is approximately 3,156,500, reflecting a population density of 35,700 people/km (92,000 people/sq mi). The island is often referred to locally as "Hong Kong side" or "Island side". The suffix "-side" is also applied to other locations in Hong Kong (e.g. China-side and Kowloon Walled City -side),
4592-502: The extensive British naval log books of the period. Another story holds that the bay was named after HMS Repulse , which was stationed at the bay at one point. No HMS Repulse ever visited Hong Kong, let alone Repulse Bay and the 1868 Repulse served only on the west coast of the Americas (1872–77) and thereafter in British waters. It is known that the name appeared on the earliest British official map of Hong Kong by Lt TB Collinson RE in 1845. However, British Admiralty charts never used
4674-403: The investment made Nick D'Aloisio, Summly's founder, the world's youngest person to receive a venture capital investment at just fifteen years old. In 2012, Horizons Ventures invested US$ 2.3 million in Wibbitz, a company that provides a text-to-video technology that can automatically convert any article post or feed on the web into a video in a matter of seconds. In August 2012, Li acquired
4756-433: The millionaire Eu Tong Sen . The Eucliffe structure and historical site was demolished to make way for a row of low apartments. The Repulse Bay area is one of the most expensive housing areas in Hong Kong. Tencent 's CEO Pony Ma bought a house there for US$ 57 million in 2014. In 2018, twin townhouses were sold for HK$ 1 billion (US$ 127 million) or about $ 970,000 per square metre ($ 90,000/sq ft). In 2018, Li Ka-shing ,
4838-408: The name until the 20th century, instead sticking to the quite erroneous name given by Commander Edward Belcher RN in his 1841 survey, Chonghom Bay. The source of the name remains unknown. In 1898, the Hong Kong Golf Club opened in the valley behind the Deep Water Bay and became a social hub. Roads were developed between the South and the North parts of Hong Kong Island and in the 1910s, Repulse Bay
4920-634: The other districts in Hong Kong. Affluent districts on Hong Kong Island are The Peak , Western Mid-Levels ( Conduit Road / Robinson Road / Magazine Gap Road / Kotewall Road etc.), Eastern Mid-Levels ( Happy Valley / Tai Hang / Jardine's Lookout ), Tai Tam , Deep Water Bay and Repulse Bay . As of 2021, 85% of Hong Kong Island's residents are of Chinese descent. The largest ethnic minority groups are Filipinos (5.6%), Indonesians (2.6%), and White people (2.5%) As of 2021, 80.4% of Hong Kong Island's residents use Cantonese as their usual language, while 10.6% use English and 3.3% use Mandarin . 2.8% of
5002-426: The planned North Island line infrastructure project would extend both the Tung Chung line and the Tseung Kwan O line to connect them to each other, forming a route parallel to the middle section of the Island line. Two other rail systems, Hong Kong Tramways and the Peak Tram , also run exclusively on Hong Kong Island. The former runs mostly parallel to the Island line between Kennedy Town and Shau Kei Wan , with
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#17327728960105084-461: The region. CK Hutchison builds up new businesses and sells them off when shareholder value can be created. Profits were obtained in the sale of its interest in Orange to Mannesmann Group in 1999, making a profit of US$ 15.12 billion . In 2006, Li sold 20% of Hutchison's ports business to Singapore rival PSA Corporation , making a US$ 3.12 billion profit on a US$ 4 billion deal. Group subsidiary Hutchison Telecommunications sold
5166-418: The remaining 25% being held by US private equity firm KKR . Despite making losses of ~£22 million between March 2022 and July 2023, CK Group and KKR between them took £159 million in dividends from the organisation which in the same period paid its chief executive, Heidi Mottram , $ 1.24 million. In 2022 the business was fined £240,000 for discharging untreated sewage into a water course in northeast England over
5248-410: The residents use Chinese dialects other than Cantonese and Mandarin as their usual language and 2.9% use languages not listed above as their usual language. Seven of the MTR rapid transit system's ten lines service Hong Kong Island. The Island line and South Island line run exclusively on the four districts of Hong Kong Island, with the Island line serving the north shore at 17 stations, and
5330-462: The richest man in Hong Kong, was living near Repulse Bay. The former Repulse Bay Hotel was demolished in two stages during the 1970s and 1980s. Later a boutique shopping mall was constructed on part of the old hotel site to mimic some of the lost colonial architecture. Emperor International Holdings Limited bought Lido Mall at Repulse Bay and renamed it The Pulse, but due to its expansion to five storeys and 13,300 m (143,000 sq ft), it
5412-687: The rise of current China's paramount leader Xi Jinping . During the 2019–20 Hong Kong protests , he refused to outright condemn the protesters, instead urging for peace and calling on the authorities to respond to the protesters humanely. On 4 August 2011 at the interim results announcement for Hutchison Whampoa , Li endorsed Henry Tang for the forthcoming chief executive election . Then Li said "You all can be just like me, one-person-one-vote ( 一人一票 )." The media then looked at Li in disbelief, and pointed out that regular citizens do not get one-person-one-vote. Li then tried to laugh it off and said "maybe in 2017 they will have one-person-one-vote to choose
5494-439: The same house for decades, in what has now become one of the most expensive districts in Hong Kong, Deep Water Bay in Hong Kong Island . Li is also a philanthropist, donating billions of dollars to charity and various other philanthropic causes, and owning the second largest private foundation in the world after Bill & Melinda Gates Foundation . In 2019, Forbes put Li in the list of most generous philanthropists outside of
5576-469: The second half of the year, and the central government sought a way to stem the capital outflows. Specific reproaches were that his asset disposals were "an act of ingratitude" and "immoral at such a sensitive juncture". Security Times , a People's Daily publication, estimated that Li has sold at least CN¥ 73.8 billion worth of assets since 2014. Li's holding companies denied divesting in China, saying that its asset disposals were being undertaken in
5658-404: The sole remnant of which being the "Kowloon side" when referring to the two sides of the Victoria Harbour. Human settlement of the area dates back 6,000 years ago, as evidenced by Neolithic artifacts discovered in Stanley , Hong Kong Island. In 214 BC, the Qin dynasty defeated the Baiyue , and absorbed areas of what is now Guangdong , Guangxi , and northern Vietnam . Hong Kong Island
5740-479: The system. Along its use of transporting, it is also a tourist attraction to the many visiting Hong Kong. As of late 2016, around 78,000 pedestrian make their trips using the system. Li Ka-shing Sir Ka-shing Li GBM KBE JP ( Chinese : 李嘉誠 ; born 29 July 1928) is a Hong Kong billionaire business magnate, investor, and philanthropist. He is the senior advisor for CK Hutchison Holdings and CK Asset Holdings , after he retired from
5822-485: The traditional commercial district of Central. On 1 July 1997, the sovereignty of Hong Kong Island was transferred to the People's Republic of China alongside Kowloon Peninsula and the New Territories , ending 156 years of British rule on Hong Kong Island. Despite Hong Kong Island being an island, it is not part of the Islands District . Four districts of Hong Kong are located on the island: Since 2021, Hong Kong Island West and Hong Kong Island East have been
5904-669: The two Legislative Council geographical constituencies in Hong Kong Island. Between 1997 and 2021, Hong Kong Island was one geographical constituency of itself . Between 1995 and 1997 however, Hong Kong Island consisted of four geographical constituencies, with them being Hong Kong Island Central , Hong Kong Island East , Hong Kong Island South and Hong Kong Island West . In the previous council from 1991 to 1995 , Hong Kong Island consisted of two geographical constituencies, Hong Kong Island West and Hong Kong Island East , similar to current arrangements. Hong Kong Island
5986-513: The world. It was opened in 1993 with the initiative of providing relief to traffic in the Mid-Levels . It travels from Queen's Road Central to Conduit Road , with the total horizontal distance being over 800 m (2,600 ft) and total vertical distance being over 135 m (443 ft). It consists of covered walkways, 16 reversible one-way escalators and 3 reversible one-way travelators. Restaurants, bars and shops can be found alongside
6068-676: Was developed into a beach. The Repulse Bay Hotel was built by the Kadoorie family in 1920. To attract swimmers, a bus route from Central to Repulse Bay was created, and now stands as one of Hong Kong's oldest bus routes. The writer Ernest Hemingway and the American actor Marlon Brando stayed at the Repulse Bay Hotel. During the Battle of Hong Kong in World War II , Repulse Bay was an important strategic location. The Repulse Bay Hotel
6150-515: Was forced to leave school at the age of 15 and found a job in a plastics trading company where he worked 16 hours a day. In 1950 he started his own company, Cheung Kong Industries. From manufacturing plastics, Li developed his company into a leading real estate investment company in Hong Kong that was listed on the Hong Kong Stock Exchange in 1972. Cheung Kong expanded by acquiring Hutchison Whampoa and Hongkong Electric Holdings in 1979 and 1985 respectively. In 1950, after learning how to operate
6232-594: Was formally ceded in perpetuity to the United Kingdom under the Treaty of Nanking . The City of Victoria was then established on the island by British forces in honour of Queen Victoria . At the time, the island had a population of about 3,000 inhabitants scattered in a dozen fishing villages. The northern-east part of the island, being known as the Central area is the historical, political, and economic centre of Hong Kong, with many government buildings being in
6314-428: Was in negotiations with the government over the land premium. On 15 May 2012, Emperor announced an agreement with the government with the land premium at HK$ 798 million. Emperor would put The Pulse up for lease after receiving the occupation permit. The 13,300-square-metre (143,000 sq ft), five-storey shopping mall would be rented out at HK$ 50 to HK$ 60 per square foot. The Pulse was opened in 2016. Repulse Bay
6396-481: Was lost. As Wan Chai Gap had also fallen that same day, the British had no choice but to surrender. Hong Kong surrendered to the Japanese on 25 December 1941, thereafter often called " Black Christmas " by locals as the surrender was on Christmas. The Governor of Hong Kong , Mark Young , surrendered in-person at the temporary Japanese headquarters, on the third floor of the Peninsula Hotel , thus beginning
6478-399: Was never filed with Hong Kong police. Instead the case was pursued by mainland authorities, leading to Cheung's execution in 1998, an outcome not possible under Hong Kong law. Rumours circulated of a deal between Li and the mainland. For many years, he was considered to be a pro-Beijing figure. However, in recent years, tensions have been growing between Li and the mainland, especially with
6560-708: Was part of the annexed land and was listed under the jurisdiction of Panyu County ( 番禺縣 ) of the Nanhai Commandery ( 南海郡 ). On the sixth year of the Eastern Jin dynasty (AD 331), Hong Kong Island was listed under the jurisdiction of Baoan County ( 寶安縣) . Copper coins from the Sui , Tang and Song dynasty were unearthed in where the Royal Hong Kong Yacht Club is presently located at, on where Kellett Island would have been prior to
6642-577: Was the single largest shareholder of Canadian Imperial Bank of Commerce (CIBC), the fifth largest bank in Canada, until the sale of his share in 2005 (with all proceedings donated, see below). He is also the majority shareholder of a major energy company, Husky Energy , based in Alberta , Canada. Husky was acquired by Cenovus in 2021, and Li owns 27.2% of the newly merged company. In January 2005, Li announced plans to sell his CA$ 1.2 billion stake in
6724-417: Was used by the Japanese as a military hospital during the war. The beach was extended artificially, and thus the sand closer to the shore is coarser in texture than the sand further away. It is one of the longest beaches in Hong Kong with a length of 292 metres (960 feet). American actors William Holden and Jennifer Jones stayed at the Repulse Bay Hotel in 1955 when they acted there in the film " Love Is
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