Cheung Kong unveils development plans for three projects in Shanghai

SHANGHAI -Cheung Kong (Holdings) Ltd unveiled its latest development plans in Shanghai on Thursday. Analysts said the current purchasing restrictions on residential properties won't shake cash-rich companies and China's solid economic growth will ensure long-term investment in the property market.

Hong Kong-listed Cheung Kong, chaired by the tycoon Li Ka-shing, announced developments in three projects in Shanghai.

Upper West Shanghai in the Putuo district, will become an international standard commercial complex. The Oriental Financial Center in the Lujiazui Finance and Trade Zone in Pudong New Area, has been designed as a Grade A office building. Meanwhile, a project in the Jiading district will be a high-end residential complex.