Madam Speaker, I rise today to pay special tribute to Mr. Li Ka-shing of Hong Kong and to celebrate his extraordinary life, service, and achievements on the occasion of his 80th birthday. The vast accomplishments in business of this global…
Madam Speaker, I rise today to pay special tribute to Mr. Li Ka-shing of Hong Kong and to celebrate his extraordinary life, service, and achievements on the occasion of his 80th birthday.
The vast accomplishments in business of this global icon place him easily among the most successful and respected entrepreneurs of our day--Gates, Buffett, Branson and others. But his contributions in philanthropy, a new concept Mr. Li is introducing in China, also rank him among those business giants--Carnegie, Rockefeller, and Vanderbilt--who understood the benevolent, ennobling uses of wealth to strengthen and lift others.
No one who examines the life of Mr. Li Ka-shing can help but appreciate the power of purpose not only in shaping one's life but destiny as well. He has shown what a life guided by deep, constant purpose and fueled by optimism, determination, and industry can achieve--despite odds and obstacles that may appear insurmountable. With purpose, he has built companies and changed lives with compassionate giving.
As a child, in 1940, Li Ka-shing fled China with his family to escape the Japanese invasion. The family arrived destitute in Hong Kong, with little prospects for the future. His father was an educator, his mother a loving and noble influence in his life. As a young boy, Mr. Li showed great academic promise. But circumstances and necessity--his father was stricken with tuberculosis and later died--forced him to abandon his dream of receiving an education. At 12, he had to leave school to work in a factory to support his family. Despite his young age, the power of purpose had taken hold of him as he pushed himself to endure grueling 16-hour workdays. By 22, Mr. Li's hard work and perseverance had earned him the ownership of his own plastics factory, Cheung Kong Industries.
He was known for his honesty, his loyalty and customer service. There is a well-known story in Hong Kong how on one occasion, a large contract with a U.S. business was cancelled after Mr. Li had completed the manufacturing. The business had decided to change direction in what it wanted. Mr. Li not only did not charge the U.S. businessman who had changed his mind, but proceeded to complete the second order as directed. This single act later opened the door to Mr. Li and his company becoming one of the key producers of toys and home decorations for American companies. In fact, to this day, some still refer to him as G.I. Joe, as it was Mr. Li and his company that manufactured that popular line of toys in the '60s and '70s.
Building on this foundation, Mr. Li expanded into real estate investment, creating a company that was listed on the Hong Kong Stock Exchange in 1972. Meanwhile, Cheung Kong continued its rapid growth trajectory with acquisitions of Hutchison Whampoa, a British trading company that has been active in Hong Kong since the 1820's, and Hong Kong Electric Holdings Limited in 1979 and 1985, respectively.
Today, Mr. Li leads a vast global business empire as chairman of Cheung Kong Holdings Limited and Hutchison Whampoa Limited. Cheung Kong Holdings Limited is the flagship of the Cheung Kong Group, which has business operations in 57 countries around the world and employs about 260,000 staff. In Hong Kong alone, the Group includes eight listed companies with a combined market capitalization of approximately US$122 billion.
The Cheung Kong Group's businesses encompass such diverse areas as property development and investment, real estate agency and estate management, hotels, telecommunications and e-commerce, finance and investments, retail, ports and related services, energy, infrastructure projects and materials, media, and biotechnology. Hutchison Whampoa Limited is a Fortune Global 500 company.
Mr. Li's personal holdings confer the distinction of being Asia's richest man. But his deep humility and gratitude--coupled with an intrinsic understanding of the true value of money and the good it can do--have never allowed him to flaunt his wealth or his position. True to the lessons of his humble beginnings and hardships and his Horatio Alger story, he has found that wealth, when used to serve others and not self, can be employed with great purpose and power.
Mr. Li believes that an equitable society can only be achieved if individuals are ready to do their part. In 1980, he established a charitable foundation--the Li Ka Shing Foundation. Its mission is to enhance the impact of its philanthropy through two strategic objectives: to nurture a culture of giving and to foster creativity, constructive engagement, and sustainability
through supporting capacity empowerment focused projects. To date, the Li Ka Shing Foundation and other private charitable foundations established by Mr. Li have supported numerous charitable activities with grants, sponsorships and commitments in the billions of dollars.
The Hong Kong entrepreneur's giving heart is novel and legendary in a part of the world that has no tradition of philanthropy. Mr. Li has not only given away far in excess of US$1 billion to support a host of worthwhile causes and programs, but his giving continues with hundreds of millions of dollars each year. And his giving transcends country boundaries and nationalities. He has sponsored children's centers, church buildings, cancer research centers, scholarships in the United Kingdom, the School of Medicine at Stanford University, as well as medical research projects at the University of California at Berkeley, among other initiatives. He has created a hospice program throughout China that brings pain relief for patients terminally ill with cancer. He has built hospitals and eye clinics where rural Chinese can receive cataract surgery free of charge. When the tragic tsunami hit Indonesia, Mr. Li was the world's first businessman to provide immediate and personal relief, just as he did more recently with the deadly earthquakes in China.
He has provided millions of dollars in aid to wage a global battle against hepatitis, avian flu, and degenerative diseases. Despite his own thwarted hope of an education, Mr. Li has placed this dream within the reach of thousands of young and aspiring Chinese. In 1981, he endowed and established Shantou University in Guangdong Province. The university has nine colleges, including a medical college with five affiliated hospitals. Enrollment is open to students across China. Today, the university has 6,500 undergraduate and 1,500 graduate students. It is the centerpiece of his philanthropy, the very heart of his giving. Last year, Chairman John Conyers of the House Committee on the Judiciary, Congresswoman Diane Watson, and I spoke at Shantou University, and I cannot adequately explain the spirit that exists on that campus, where students who would otherwise receive no education are given an opportunity that opens to them the doors of world.
Shantou has internships and educational relationships throughout the world--in Europe and Canada, here in the United States with such prestigious institutions as my alma mater, Berkeley, as well as Stanford, the University of Utah, and others. Its curriculum is cutting edge, bringing a whole new and exciting learning paradigm to traditional Chinese education. In addition to Shantou University, Mr. Li supports other major educational projects such as Hong Kong Polytechnic University, the Open University of Hong Kong, Singapore Management University, Foundation Primary Schools, University of Calgary, and the University of Hong Kong, to name a few.
Mr. Li's generosity is not limited to health care and education. He is also a committed patron of culture--art, dance, music, literature, sports, and the preservation of artifacts--as well as community welfare. In fact, Madam Speaker, he is a patron of the John F. Kennedy Center for the Performing Arts. His support even has gone so far as the Dance Theatre of Harlem.
No less of a business authority than Forbes magazine has taken note of Mr. Li's magnanimity and dedication to improving the lives of people around the world. For his past and present philanthropy, it conferred upon him the first-ever Lifetime Achievement Award at a gathering of many of Asia's top business leaders in Singapore.
From his businesses to his service, to his generosity, to his countless acts of compassion toward others--all these flow from a heart stayed upon a single purpose, a guiding ideal for life: to love others by serving and lifting them. For those who have had the privilege of meeting Mr. Li, they feel the bright, generous, benevolent, yet humble spirit of this man through his broad and warm smile. He radiates good will, genuine concern, and humanity for all--regardless of station of life. And he delights in being a servant of no man in particular but of all men in general. This has been his life's purpose.
Mr. Li's example can teach us much about the things of the heart, those invisible powers and energies of the spirit that can be summoned for good. His is and has been a remarkable life and legacy that remind all of us that we can aim a little higher and do a little more to lift lives and strengthen others through service--whatever our own gifts may be, no matter how meager we think them. And the best time to begin is now.
Madam Speaker, in recognition of his achievements as a global philanthropist, entrepreneur, and corporate leader, I am deeply honored to insert into the Congressional Record a letter signed by 20 Members of the U.S. House of Representatives commemorating Mr. Li's 80th birthday. By making this letter a part of American history, we salute this great man and honor the occasion of his birth on June 13, 1928.
Congress of the United States,
Washington, DC, June 13, 2008.
Mr. Li Ka-shing,
Chairman, Cheung Kong Holdings, Ltd.,
Queen's Road Central, Hong Kong.
Dear Mr. Li: On the occasion of your 80th birthday, we are
writing to honor and recognize your extraordinary life,
distinguished career, humanitarian service, achievements, and
legacy as a global philanthropist and entrepreneur who leads
a vast business empire as chairman of Cheung Kong Holdings
Limited and Hutchison Whampoa Limited (a Fortune Global 500
company) with operations in 57 countries, a workforce of
260,000, and a combined market capitalization of nearly
US$122 billion.
We especially commend you for using your wealth to serve
others. Believing that an equitable society can only be
achieved if individuals are ready to do their part, you
established a charitable foundation--the Li Ka Shing
Foundation. Backed by your personal initiative and example,
and sustained by the Foundation's mission, you introduced a
broad-based philanthropy to a part of the world that has no
tradition of it. Promoting what you affectionately call your
``third son''--the notion of giving beyond the confines of
family to others in need--you have established and nurtured a
culture of giving in China and throughout Asia to underwrite
worthwhile efforts supporting charitable aims.
While donating more than US$1 billion to support a host of
worthwhile causes and programs worldwide, including
sponsorship of children's centers, church buildings, cancer
research centers, scholarships in the United Kingdom, the
School of Medicine at Stanford University, as well as medical
research projects at the University of California at
Berkeley, you have also provided millions of dollars in aid
to wage a global battle against hepatitis, avian flu, and
degenerative diseases, and, more recently, nearly US$20
million in disaster relief to the victims of the Sichuan
earthquake. We are touched by your work to alleviate pain for
those suffering from cancer through your remarkable hospice
program, as well as your efforts to build hospitals and
provide eyes surgeries for those unable to pay.
Despite your own thwarted hope of pursuing an education,
you are also fulfilling the dreams of thousands of young and
aspiring Chinese through numerous universities, including
Shantou University, which you endowed and established in
1981, with nine colleges, including a medical college,
serving 6,500 undergraduate and 1,500 graduate students.
As a patron of culture, your generosity extends to art,
dance, music, literature, sports, and the preservation of
artifacts. We thank you, specifically, for being a
significant patron of the John F. Kennedy Center for the
Performing Arts in Washington, DC, and for also embracing the
Dance Theatre of Harlem.
We join with Forbes magazine, which conferred upon you the
first-ever Lifetime Achievement Award at a gathering in
Singapore of Asia's top business leaders, in recognizing your
past and present philanthropy. Truly, your countless acts of
compassion toward others flow from a heart stayed upon a
single purpose, a guiding ideal for life--to love others by
serving and lifting them.
Yours has been a remarkable life and legacy that reminds
all of us that we can aim higher and do more to lift lives
and strengthen others through service, and that the best time
to begin is now.
We wish you a happy birthday and many more.
Sincerely,
Eni F.H. Faleomavaega, Chairman, Foreign Affairs'
Subcommittee on Asia, the Pacific & the Global
Environment; Diane E. Watson; Howard P. ``Buck''
McKeon, Ranking Member, Committee on Education & Labor;
Eddie Bernice Johnson, Chairwoman, Transportation
Subcommittee on Water Resources & Environment; Jim
Moran; William J. Jefferson; Donna M. Christensen,
Chairwoman, Natural Resources' Subcommittee on Insular
Affairs; Grace F. Napolitano, Chairwoman, Natural
Resources' Subcommittee on Water & Power; Albio Sires;
Ed Pastor; Mike Honda, Chairman, Congressional Asian
Pacific American Caucus (CAPAC); Dan Burton, Ranking
Member, Foreign Affairs' Subcommittee on the Western
Hemisphere; John Conyers, Jr., Chairman, House
Committee on the Judiciary; Madeleine Z. Bordallo,
Chairwoman, Natural Resources' Subcommittee on
Fisheries, Wildlife & Oceans; Keith Ellison; Bennie G.
Thompson, Chairman, Committee on Homeland Security; Joe
Baca, Chairman, Agriculture Subcommittee on
Departmental Operations, Oversight, Nutrition &
Forestry; Raul M. Grijalva, Chairman, Natural
Resources' Subcommittee on National Parks, Forests &
Public Lands; Silvestre Reyes, Chairman, House
Permanent Select Committee on Intelligence; and Luis V.
Gutierrez, Chairman, Financial Services' Subcommittee
on Domestic and International Monetary Policy, Trade &
Technology.