Chater Road is named after Sir Paul Chater,[1] a leading figure in early colonial Hong Kong, who was instrumental in the Praya Reclamation Scheme, which created the reclaimed land on which the road is built.

[2] Chater House, owned by Hongkong Land, is located at the western end of the road, which abuts the similarly dedicated Chater Garden, a public square in the middle of the central business district.

Since the growth in the number of foreign domestic helpers in Hong Kong, the road is now usually closed on Sundays and on Hong Kong bank holidays, when the road and surrounding areas are full of domestic helpers[3] gathering and enjoy their day off work.

The hotel has been replaced by the AIG Tower, later renamed AIA Central.

Part of the MTR's Tsuen Wan line runs underneath the road, and the Tsuen Wan line station serving the area was originally called Chater in English.