Nan Fung Group () is a privately held group of companies carrying on the business of

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...

as its core business in

Greater China Greater China is an informal geographical area that shares commercial and cultural ties with the Han Chinese people. The notion of "Greater China" refers to the area that usually encompasses Mainland China, Hong Kong, Macau, and Taiwan in East A ...

, including shipping, textiles and financial services. It is also one of the leading property developers and largest privately held developers in Hong Kong.

Company background

The history of Nan Fung Group can be traced back to 27 May 1954, when Nan Fung Textiles Limited () was founded by

Ningbo Ningbo (; Ningbonese: ''gnin² poq⁷'' , Standard Mandarin pronunciation: ), formerly romanized as Ningpo, is a major sub-provincial city in northeast Zhejiang province, People's Republic of China. It comprises 6 urban districts, 2 sate ...

-born businessman,

Chen Din Hwa Chen Din-hwa OBE (; 1923 – 17 June 2012), was a Hong Kong business magnate, industrial tycoon, billionaire and philanthropist. He was known as the "King of Cotton Yarn" in Hong Kong.private housing estate A housing estate (or sometimes housing complex or housing development) is a group of homes and other buildings built together as a single development. The exact form may vary from country to country. Popular throughout the United States a ...

Nam Fung Sun Chuen Quarry Bay is an area beneath Mount Parker in the Eastern District of Hong Kong Island, in Hong Kong. The western portion of the area was also formerly known as Lai Chi (). Traditionally an industrial and residential area, the number of commer ...

, in

Quarry Bay Quarry Bay is an area beneath Mount Parker in the Eastern District of Hong Kong Island, in Hong Kong. The western portion of the area was also formerly known as Lai Chi (). Traditionally an industrial and residential area, the number of commer ...

, Hong Kong.

Property development and other businesses

Nan Fung Group has property development as its core business. The group entered the property development business in the mid-1960s in Hong Kong by purchasing residential and commercial buildings and then by land acquisition for development. In the mid-1990s, the group began investing in China's property market and since 2001 has built projects in major Chinese cities including Beijing, Shanghai and

Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kon ...

. The group is also involved in international projects as sole investor or as a joint venture partner in major cities around the world. Nan Fung Group diversifies in businesses in areas such as property construction, property management, property finance, hotel and the shipping industries.

Executives

Vivien Chen, the younger daughter of

Chen Din Hwa Chen Din-hwa OBE (; 1923 – 17 June 2012), was a Hong Kong business magnate, industrial tycoon, billionaire and philanthropist. He was known as the "King of Cotton Yarn" in Hong Kong.Alzheimer's disease Alzheimer's disease (AD) is a neurodegeneration, neurodegenerative disease that usually starts slowly and progressively worsens. It is the cause of 60–70% of cases of dementia. The most common early symptom is difficulty in short-term me ...

in 2009 and stepped down in 2014. Vivien is still the company's controlling stakeholder and serves as honorary chairman while her youngest daughter Vanessa serves as the managing director.

Antony Leung Antony Leung Kam-chung GBS OBE JP (born 29 January 1952 in Hong Kong with family roots in Shunde, Guangdong) is a businessman who served as Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), from 29 May 2001 until ...

, the former Financial Secretary of Hong Kong, joined Nan Fung Group as the group's Chief Executive in February 2014.

List of chairmen

* Chen Din-hwa (1954–2009) * Vivian Chen (2009–2016) *

(2016– )

References

{{Reflist

External links

Official website of Nan Fung Group
Real estate companies established in 1954 Land developers of Hong Kong Shipping companies of Hong Kong Chinese companies established in 1954