Ms. Rui Hua Chang

Rui Hua heads the Hong Kong business and investment for ESR and reports directly to co-founders and co-CEOs Jeffrey Shen and Stuart Gibson. She focuses on driving ESR’s business in Hong Kong and Greater Bay Area as well as investment into new economy assets. In May 2021, she co-led and completed ESR’s first data center acquisition in Hong Kong and in July 2022, she won ESR’s first logistic land bid in Kwai Chung, Hong Kong. Concurrently, she is also appointed as the Executive Director and Responsible Officer for the fund management arm ESR HKAM and is responsible for raising new funds to invest in new economy assets. Rui Hua joined ESR in 1st September 2019 as the Group Head of Capital Markets and Investor Relations. She was part of the IPO team which successfully listed ESR on the Hong Kong Stock Exchange on 1st November 2019. Rui Hua was also part of the ESR deal team that acquired ARA Asset Management Limited with US$5.2 billion, which was one of Hong Kong’s largest M&A in 2021. In May 2022, Rui Hua led the sell-down of ESR’s CNLP stake which delivered about US$800 million gain. Before joining ESR, Rui Hua was the General Manager and Head of Capital Markets and Corporate Finance, and Corporate Planning for CapitaLand China where she was involved in fund raising from local Chinese & foreign institutional investors, capital markets and corporate finance deals, and strategic planning and direction. She also led the sell-down of CapitaLand’s S$500 million stake in a Hong Kong listed real estate company in June 2019. Prior to her stint in China, she was the Group Head of CapitaLand’s Investor Relations and Capital Markets Compliance based in Singapore, managing institutional and public investors; interfacing with regulators on corporate governance, REITs regulation and disclosure matters; and handling key proxy providers.