- CEO
- Chi-Ming Cheng
- Full Time Employees
- 10,800
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- NCB Innovation Centre Kowloon Hong Kong
- IPO Date
- Feb 19, 2013
- Business
- CTF Services Limited (Hong Kong Stock Code: 659; OTC: NWSZF) is a diversified conglomerate primarily engaged in toll roads, financial services, logistics, construction, and facilities management, with operations concentrated in Hong Kong and Mainland China. Founded in 1996 and headquartered at 21/F, NCB Innovation Centre, 888 Lai Chi Kok Road, Cheung Sha Wan, Kowloon, Hong Kong, the company operates under Chow Tai Fook Enterprises Limited and employs approximately 10,400 people. Its toll roads portfolio encompasses key assets such as the Beijing-Zhuhai Expressway (Guangzhou-Zhuhai Section and Northern Section), Guangzhou-Zhaoqing Expressway, Shenzhen-Huizhou Expressway (Huizhou Section), Guangzhou Dongxin Expressway, Guangzhou City Nansha Port Expressway, Hangzhou Ring Road, Shanxi Taiyuan-Gujiao Roadway (Gujiao Section), Tangjin Expressway (Tianjin North Section), Hubei Suiyuenan Expressway, Hubei Laogu Expressway, Hunan Sui-Yue Expressway, Hunan Changliu Expressway, and Guangxi Guiwu Expressway; financial services include Chow Tai Fook Life Insurance Company Limited (CTF Life, formerly FTLife), digital brokerage via uSmart Inlet Group Limited, and private wealth management through Blackhorn Group Limited; logistics covers premium facilities like ATL Logistics Centre, CTF Chengdu Airport Logistics Centre, CTF Longquan Logistics Centre, CTF Xinjin Logistics Centre, CTF Xindu Logistics Centre, CTF Xindu North Industrial Park, CTF Hannan Logistics Park, Suzhou Industrial Park, and China United International Rail Containers Co., Limited, serving sectors including retail, e-commerce, consumer goods, automotive, life sciences, and healthcare; construction subsidiaries comprise Hip Hing Group, Vibro Group, Quon Hing Group, and Hsin Chong Aster Building Services Limited, providing piling, ground investigation, and building services; facilities management handles operations at Hong Kong Convention and Exhibition Centre, Gleneagles Hong Kong Hospital, and Kai Tak Sports Park Limited. In recent developments, CTF Services entered a conditional agreement in August 2025 to acquire 65% equity in Blackhorn Group Limited, enhancing its wealth management platform by integrating private wealth expertise with CTF Life's insurance and uSmart's digital brokerage for comprehensive services spanning insurance, investment banking, securities trading, financial planning, and asset management across Hong Kong, Greater China, and Southeast Asia; it also pursued equity interests in uSmart Inlet Group Limited to bolster wealth management expansion; earlier portfolio optimization since 2018 included divesting Citybus and New World First Bus to Bravo Transport in August 2020, New World First Ferry to Chu Kong Shipping in 2020, and its stake in Chengdu Jintang Power Plant to exit fossil fuels, alongside a rebranding from NWS Holdings Limited.