Background
Cheng is the elder son of Cheng Yu-tung, the founder of New World Development, and is the chairman of New World Development as well as chairman of NWS Holdings, New World China Land, New World Department Store China and Taifook Securities.
Career
When Leung"s second Secretary for Development, Paul Chan, became embroiled in a property and credibility scandal (as had the first, Mak Chai-kwong), Cheng was the first - and to date is the only - public figure to offer support. Cheng has four children: Adrian Cheng, Brian Cheng, Sonia Cheng and Michael Cheng.
Membership
He is also a Standing Committee Member of the Eleventh Chinese People's Political Consultative Conference.