Mr. Derek Cheung is the Chief Executive Officer of New Century Asset Management Limited, the manager of New Century Real Estate Investment Trust, which was both the first listed China hotel REIT in the world and the first Hong Kong listed REIT investing in the western real estate market.
New Century REIT is sponsored by New Century Group, the largest privately owned star-rated hotel group in China, which has about 381 star-rated hotels with over 72,000 rooms in operation or under development in China and was ranked 25th in 2018 among the world’s hotel groups by Hotels magazine.
Of the about 29 years of experience in the financial industry, he spent about 24 years in analysing and investing in Asia Pacific and global property market. Mr. Cheung was the author of “To profit from the experience in the past 10 property cycles” (樓市10大周期掌勢) in 2012 and was awarded the “Outstanding Chinese Business Leader Award” (中华杰岀商业領袖獎), by HongQi (紅旗画刊) and China Report (中国報道), Beijing, China in 2010.
Mr. Cheung is currently an independent non-executive director of Springland International Holdings Limited (HK stock code 1700) and Best Pacific International Holdings Limited (HK stock code 2111).
Before joining New Century Asset Management Limited, Mr. Cheung was the Chief Investment Officer of Neutron INV Partners Limited, Head of Greater China Investment Research of DBS Vickers (HK) Ltd., Asia Pacific Chief Investment Officer of Cohen & Steers Asia Ltd., Head of Hong Kong & China Property Research at HSBC Securities, Vice President of Donaldson, Lufkin & Jenrette, Property Analyst of Salomon Brothers, Assistant Vice President of Citibank and Semi-Senior Accountant of Arthur Andersen & Co..