RAS-1990 — Page 256

RASHKB Journal 皇家亞洲學會香港分會學刊 All AI Reviewed

233

Hong Kong for several years, Bill Wyllie, was seconded to Hutchison in 1975 by the Hong Kong and Shanghai Bank, as 'company doctor' to put the business house's finances in order. After he had achieved this he left Hutchison's in 1981.

Then in the early 1980s Li Ka-shing, believed to be the richest man in Hong Kong, became the largest shareholder in Hutchison's. His company, Cheung Kong (meaning long river and signifying 'everlasting'), held a 37 per cent stake. With a Chinese Taipan the company was no longer the bastion of British management that it had been in earlier days. However, under Chairman Li Ka-shing there is an English Group Managing Director, Simon Murray.

Today Hutchison-Whampoa is thriving, and its activities range from general trading, including importing and exporting, to property, engineering and building materials. The group also has major interests in such subsidiaries as Hong Kong United Dockyards (in the past Hong Kong and Whampoa Docks), Hong Kong Electric Holdings, and A.S. Watson and Company of which more later. These firms, which in the past were basically British, are thus now largely Chinese controlled.

Dockyards

The first Hong Kong built vessel, the 80-ton Celestial, was launched from a slip at East Point on 7th February 1843, and a Royal Naval Dockyard started in 1854 (this was phased out in the late 1950s). Docks were also built by Douglas Lapraik and J. Lamont at Aberdeen in 1857.

Nevertheless, it has been claimed the first 'great firm' to be established in the Colony was really the Hong Kong and Whampoa Dock Company, although the industry had its origins, regionally, in Canton. That is why the word Whampoa (a place in Canton) is included in the above name. The firm is No.1 on the Register of Companies. Austin Coates maintains in his book, Whampoa, Ships on the Shore, that the formation of Union Docks (which was absorbed into the Hong Kong and Whampoa Docks in 1870), in 1863, was

the most significant commercial and industrial moment in Hong Kong's history.

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233 Hong Kong for several years, Bill Wyllie, was seconded to Hutchison in 1975 by the Hong Kong and Shanghai Bank, as 'company doctor' to put the business house's finances in order. After he had achieved this he left Hutchison's in 1981. Then in the early 1980s Li Ka-shing, believed to be the richest man in Hong Kong, became the largest shareholder in Hutchison's. His company, Cheung Kong (meaning long river and signifying 'everlasting'), held a 37 per cent stake. With a Chinese Taipan the company was no longer the bastion of British management that it had been in earlier days. However, under Chairman Li Ka-shing there is an English Group Managing Director, Simon Murray. Today Hutchison-Whampoa is thriving, and its activities range from general trading, including importing and exporting, to property, engineering and building materials. The group also has major interests in such subsidiaries as Hong Kong United Dockyards (in the past Hong Kong and Whampoa Docks), Hong Kong Electric Holdings, and A.S. Watson and Company of which more later. These firms, which in the past were basically British, are thus now largely Chinese controlled. Dockyards The first Hong Kong built vessel, the 80-ton Celestial, was launched from a slip at East Point on 7th February 1843, and a Royal Naval Dockyard started in 1854 (this was phased out in the late 1950s). Docks were also built by Douglas Lapraik and J. Lamont at Aberdeen in 1857. Nevertheless, it has been claimed the first 'great firm' to be established in the Colony was really the Hong Kong and Whampoa Dock Company, although the industry had its origins, regionally, in Canton. That is why the word Whampoa (a place in Canton) is included in the above name. The firm is No.1 on the Register of Companies. Austin Coates maintains in his book, Whampoa, Ships on the Shore, that the formation of Union Docks (which was absorbed into the Hong Kong and Whampoa Docks in 1870), in 1863, was the most significant commercial and industrial moment in Hong Kong's history.

Baseline (Original)

233 Hong Kong for several years, Bill Wyllie, was seconded to Hutchison in 1975 by the Hong Kong and Shanghai Bank, as 'company doctor'. to put the business house's finances in order. After he had achieved this he left Hutchison's in 1981. Then in the early 1980s Li Ka-shing, believed to be the richest man in Hong Kong, became the largest shareholder in Hutchison's. His company, Cheung Kong (meaning long river and signifying 'everlasting), held a 37 per cent stake. With a Chinese Taipan the company was no longer the bastion of British management that it had been in earlier days. However, under Chairman Li Ka-shing there is an English Group Managing Director. Simon Murray. Today Hutchison-Whampoa is thriving, and its activities range from general trading, including importing and exporting, to property, engineering and building materials. The group also has major interests in such subsidiaries as Hong Kong United Dockyards (in the past Hong Kong and Whampoa Docks), Hong Kong Electric Holdings. and A.S. Watson and Company of which more later. These firms, which in the past were basically British, are thus now largely Chinese controlled. Dockyards The first Hong Kong built vessel, the 80-ton Celestial, was launched from a slip at East Point on 7th February 1843, and a Royal Naval Dockyard started in 1854 (this was phased out in the late 1950s). Docks were also built by Douglas Lapraik and J.Lamont at Aberdeen in 1857. Nevertheless, it has been claimed the first 'great firm' to be established in the Colony was really the Hong Kong and Whampoa Dock Company, although the industry had its origins, regionally, in Canton. That is why the word Whampoa (a place in Canton) is included in the above name. The firm is No.1 on the Register of Companies. Austin Coates maintains in his book, Whampoa, Ships on the Shore, that the formation of Union Docks (which was absorbed into the Hong Kong and Whampoa Docks in 1870), in 1863, was the most significant commercial and industrial moment in Hong Kong's history."

2026-05-13 06:10:23 · Baseline

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233

Hong Kong for several years, Bill Wyllie, was seconded to Hutchison in 1975 by the Hong Kong and Shanghai Bank, as 'company doctor'. to put the business house's finances in order. After he had achieved this he left Hutchison's in 1981.

Then in the early 1980s Li Ka-shing, believed to be the richest man in Hong Kong, became the largest shareholder in Hutchison's. His company, Cheung Kong (meaning long river and signifying 'everlasting), held a 37 per cent stake. With a Chinese Taipan the company was no longer the bastion of British management that it had been in earlier days. However, under Chairman Li Ka-shing there is an English Group Managing Director. Simon Murray.

Today Hutchison-Whampoa is thriving, and its activities range from general trading, including importing and exporting, to property, engineering and building materials. The group also has major interests in such subsidiaries as Hong Kong United Dockyards (in the past Hong Kong and Whampoa Docks), Hong Kong Electric Holdings. and A.S. Watson and Company of which more later. These firms, which in the past were basically British, are thus now largely Chinese controlled.

RAS-1990 — Page 256

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