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{{birth year and age|1947}} Category:1947 births
Tag: Reverted
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| name = Victor Fung Kwok-king
| name = Victor Fung Kwok-king
| honorific_suffix = {{post-nominals|country=HKG|GBM|GBS|CBE}}
| honorific_suffix = {{post-nominals|country=HKG|GBM|GBS|CBE}}
| birth_date = {{birth year and age|1947}}
| birth_date = 1945
| birth_place = Hong Kong
| birth_place = Hong Kong
| nationality = Chinese/American
| nationality = Chinese/American
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| relations = [[William Fung]] (brother)
| relations = [[William Fung]] (brother)
| spouse = Julia Shen Nai-kee
| spouse = Julia Shen Nai-kee
| parents = Fung Hon-chu (1911-1994)<br>Lee Pui-yiu (1919-2012)
| parents = Fung Hon-chu (1911-1994)<br>Lee Pui-yiu (1919-2013)
| children = Sabrina Fung<br>Spencer Fung<br>Stephen Fung
| children = Sabrina Fung<br>Spencer Fung<br>Stephen Fung
| net_worth = $2.9 billion<ref>{{cite web|url=https://www.forbes.com/lists/2010/82/hong-kong-rich-10_Victor-Fung_OA08.html |title=#10 Victor Fung |website=Forbes.com |access-date=2017-01-26}}</ref>
| net_worth = $2.9 billion<ref>{{cite web|url=https://www.forbes.com/lists/2010/82/hong-kong-rich-10_Victor-Fung_OA08.html |title=#10 Victor Fung |website=Forbes.com |access-date=2017-01-26}}</ref>
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==Career==
==Career==
At present, Victor Fung is the Group Chairman of [[Li & Fung]] Group, and his brother [[William Fung|William]] is the Group managing director. The business was founded by their grandfather, Fung Pak-liu in 1906 and subsequently led by their father, [[Fung Hon-chu]].{{citation needed|date=January 2017}}
At present, Victor Fung is the Group Chairman of [[Li & Fung]] Group, and his brother [[William Fung|William]] is the Group managing director. The business was founded by their grandfather, [[Fung Pak-liu]], in 1906 and subsequently led by their father, [[Fung Hon-chu]].{{citation needed|date=January 2017}}


Fung is chairman of the Hong Kong-Japan Business Co-operation Committee and co-chair of France-based [[The Evian Group at IMD]] forum and [[think tank]]. He has been chairman since 2008 of the [[International Chamber of Commerce]]. He was formerly chairman of the [[Hong Kong Trade Development Council]] (1991–2000) and chairman of [[Airport Authority Hong Kong|Airport Authority]].{{citation needed|date=January 2017}}
Fung is chairman of the Hong Kong-Japan Business Co-operation Committee and co-chair of France-based [[The Evian Group at IMD]] forum and [[think tank]]. He has been chairman since 2008 of the [[International Chamber of Commerce]]. He was formerly chairman of the [[Hong Kong Trade Development Council]] (1991–2000) and chairman of [[Airport Authority Hong Kong|Airport Authority]].{{citation needed|date=January 2017}}
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Other positions in civil and public service:
Other positions in civil and public service:
*
* Commission on Strategic Development of the [[Government of Hong Kong|HKSAR Government]]
* Commission on Strategic Development of the [[Government of Hong Kong|HKSAR Government]]
* Informal Business Advisory Body to the [[World Trade Organization]]
* Informal Business Advisory Body to the [[World Trade Organization]]
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{{DEFAULTSORT:Fung, Victor}}
{{DEFAULTSORT:Fung, Victor}}
[[Category:1947 births]]
[[Category:1945 births]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:Hong Kong chief executives]]
[[Category:Hong Kong chief executives]]

Revision as of 04:11, 17 November 2021

The Honourable
Victor Fung Kwok-king
GBM GBS CBE
Born1945
Hong Kong
NationalityChinese/American
Alma materMassachusetts Institute of Technology
Harvard School of Business
Occupation(s)Engineer, businessman
SpouseJulia Shen Nai-kee
ChildrenSabrina Fung
Spencer Fung
Stephen Fung
Parent(s)Fung Hon-chu (1911-1994)
Lee Pui-yiu (1919-2013)
RelativesWilliam Fung (brother)
Victor Fung
Traditional Chinese馮國經
Simplified Chinese冯国经
Transcriptions
Standard Mandarin
Hanyu PinyinFéng Guójīng
Yue: Cantonese
Jyutpingfung4 gwok3 ging1

Victor Fung Kwok-king GBM GBS CBE (Chinese: 馮國經; sometimes Victor K. Fung;[2] born 1945, Hong Kong) is the Group Chairman of Li & Fung group of companies. Together with his brother William, he owns a controlling stake of 32% in the business, which was founded by his grandfather.

He has held a number of public and other offices, including chairman of the Airport Authority Hong Kong, Hong Kong University Council and the Greater Pearl River Delta Business Council.

Education

Fung has Bachelor of Science and Master of Science degrees in electrical engineering from MIT. After earning a PhD in business economics from Harvard Business School, he stayed there as a professor of finance. For his early education, he enrolled in King George V School in Hong Kong.

Career

At present, Victor Fung is the Group Chairman of Li & Fung Group, and his brother William is the Group managing director. The business was founded by their grandfather, Fung Pak-liu, in 1906 and subsequently led by their father, Fung Hon-chu.[citation needed]

Fung is chairman of the Hong Kong-Japan Business Co-operation Committee and co-chair of France-based The Evian Group at IMD forum and think tank. He has been chairman since 2008 of the International Chamber of Commerce. He was formerly chairman of the Hong Kong Trade Development Council (1991–2000) and chairman of Airport Authority.[citation needed]

In 2008, Fung was appointed by Donald Tsang, the Chief Executive of Hong Kong, to be the member of "Task Force on Economic Challenges" to evaluate the situation and identify new opportunities during the financial tsunami.[3] The company laid off employees to cut costs, for which he was publicly criticised.[4]

Other positions in civil and public service:

  • Commission on Strategic Development of the HKSAR Government
  • Informal Business Advisory Body to the World Trade Organization
  • Hong Kong Representative on the APEC Business Advisory Council (1996), (2001)
  • Hong Kong Government Judicial Officers Recommendation Committee (?-2006)
  • [5]
  • Member of IESE's International Advisory Board (IAB).[6]

Honours

  • Hong Kong's Businessman of the Year 1995
  • Top 25 Managers in BusinessWeek magazine 1995
  • Awarded Gold Bauhinia Star (GBS) in 2003 for distinguished service to the Hong Kong community.
  • Businessman of the Year 2005 Forbes Asia magazine
  • One of "60 Years of Asian Heroes" (Time Asia magazine)[7]

Personal

Fung is married with three children and like his brother William holds American citizenship.[8]

See also

References

  1. ^ "#10 Victor Fung". Forbes.com. Retrieved 26 January 2017.
  2. ^ "Victor K. Fung", FT Press. Retrieved 1 March 2011.
  3. ^ "CE appoints members of Task Force on Economic Challenges". Info.gov.hk. 28 October 2008. Retrieved 26 January 2017.
  4. ^ "Li & Fung denies layoff report, will cut costs by 10%". Chinadaily.net. 18 November 2008. Retrieved 26 January 2017.
  5. ^ "Home - Asia Global Institute". Fungglobalinstitute.org. 1 January 1970. Retrieved 26 January 2017.
  6. ^ Members of IESE's International Advisory Board, iese.edu
  7. ^ "TIME Magazine | 60 Years of Asian Heroes". minamahalkongpilipinas.blogspot.ae. Retrieved 22 February 2018.
  8. ^ "#287 Victor Fung & family". Forbes.com. 12 February 2010. Retrieved 26 January 2017.
Political offices
Preceded by Chairman of the Hong Kong Trade Development Council
1991–2000 		Succeeded by
Political offices
Preceded by Chairman of the Hong Kong Airport Authority
1999–2008 		Succeeded by
Academic offices
Preceded by Chairman of the Council of the University of Hong Kong
2001–2009 		Succeeded by


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