Sun Hung Kai Properties Ltd. (SHKP; Chinese: ???????????) (SEHK: 0016) is a listed corporation based in Hong Kong. The company is controlled by the Kwok family trust set up by Kwok Tak Seng, who founded the company. It is reputed (as per BBC News) to be the second most valuable real estate company in the world. It is controlled in large by the Kwok brothers. The company was one of many non-British owned companies that overtook the British trading companies or 'hongs' that dominated the financial order in Hong Kong prior to 1997. The company was founded in 1963 by the elder Kwok, together with Fung King-hei and Lee Shau Kee, and was listed on the Hong Kong Stock Exchange on 23 August 1972.