One of Hong Kong’s wealthiest tycoons, Li Ka-Shing, whose interests include energy and agricultural investments in this country, has forged into the carbon market, acquiring a vast Western Australian landholding earmarked for a ‘regenerative agriculture’ project.

The ageing billionaire founded the CK Group, which through its various subsidiaries, including Hong Kong-listed CK Life Sciences and CK Hutchison, has a business empire spanning infrastructure, transport, real estate, and financial services.