Chan joined Hang Lung Group in 1972, becoming Chairman in 1991. He also serves as Chairman of Hang Lung Properties Limited, the Group’s major publicly listed subsidiary. Mr Chan is Vice-President of The Real Estate Developers Association of Hong Kong, Co-Chair of the Asia Society and Chairman of its Hong Kong Center. He also acts as an advisor to the China Development Research Foundation
Mr Chan sits on the governing or advisory bodies of several think-tanks and universities, including the Hong Kong University of Science and Technology, the University of Southern California, USA, where he received his MBA, and Tsinghua University in Beijing.
Hang Lung Properties Ltd. Chairman Ronnie Chan said some big developers in China are struggling to get funds and smaller ones may go out of business, spurring opportunities for financially stronger companies.
Ronnie Chan , chairman of Hong Kong- based developer Hang Lung Properties Ltd. , said “humongous demand” from consumers and action by the central government reduce the chance that China’s property market will collapse.
Hang Lung Properties Ltd., the Hong Kong developer that focuses on building shopping malls in China, said first-half underlying profit rose 72 percent after it booked more gains from selling homes and commercial assets.