The Hong Kong market suffered from a temporary collapse during the early 1980s owing to uncertainty surrounding the territory's return to China, but Hang Lung survived the turmoil.

The group operates businesses in property development for sale and lease in Hong Kong.

Its investment properties are diversified, ranging from retail and residential developments to industrial and office complexes.

[3] He foresaw the opportunity to invest in the mainland China market owing to its rapid economic growth.

Following the success of its Shanghai projects, the group continued to expand its business to other parts of the mainland such as Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, and Wuhan.