Victor Fung Kwok-king (; sometimes Victor K. Fung; born 1945, Hong Kong) is the Group Chairman of

Li & Fung Li & Fung Limited is a Bermuda-incorporated, Hong Kong-based supply chain manager. In 2020, it was reportedly struggling to turn its century-old business around for years. On 13 February 2017, it was removed from the blue chip index: Hang Sen ...

group of companies. Together with his brother

William William is a male given name of Germanic origin.Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 276. It became very popular in the English language after the Norman conquest of Engl ...

, 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 The Airport Authority Hong Kong (AA or AAHK) is the statutory body (governed by the Airport Authority Ordinance (Cap. 483)) of the government of Hong Kong that is responsible for the operations of the Hong Kong International Airport. History ...

Hong Kong University The University of Hong Kong (HKU) (Chinese: 香港大學) is a public research university in Hong Kong. Founded in 1887 as the Hong Kong College of Medicine for Chinese, it is the oldest tertiary institution in Hong Kong. HKU was also the fir ...

Council and the Greater

Pearl River Delta The Pearl River Delta Metropolitan Region (PRD; ; pt, Delta do Rio das Pérolas (DRP)) is the low-lying area surrounding the Pearl River estuary, where the Pearl River flows into the South China Sea. Referred to as the Guangdong-Hong Kong-Mac ...

Business Council.

Education

Fung has Bachelor of Science and

Master of Science A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast to ...

degrees in electrical engineering from

MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...

. After earning a PhD in business economics from

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

, 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

Group, and his brother

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 Fung Hon-chu, OBE, JP (; 27 January 1911 – 9 August 1994) was a Hong Kong businessman and chairman of the Li & Fung, a leading trading firm in Hong Kong. Fung was born in Canton in 1911 to Fung Pak-liu, the founder of the Li & Fung Limited. He ...

. 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 A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmenta ...

. He has been chairman since 2008 of the

International Chamber of Commerce The International Chamber of Commerce (ICC; French: ''Chambre de commerce internationale'') is the largest, most representative business organization in the world. Its over 45 million members in over 100 countries have interests spanning every sec ...

. He was formerly chairman of the

Hong Kong Trade Development Council The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 as the international marketing dedicated to creating opportunities for Hong Kong's businesses. The organisation has 50 offices around the world, includin ...

(1991–2000) and chairman of

Airport Authority An airport authority is an independent entity charged with the operation and oversight of an airport or group of airports. These authorities are often governed by a group of airport commissioners, who are appointed to lead the authority by a govern ...

. In 2008, Fung was appointed by

Donald Tsang Sir Donald Tsang Yam-kuen (; born 7 October 1944) is a former Hong Kong civil servant who served as the second Chief Executive of Hong Kong from 2005 to 2012. Tsang joined the colonial civil service as an Executive Officer in 1967, occupyi ...

, the

Chief Executive of Hong Kong The Chief Executive of the Hong Kong Special Administrative Region is the representative of the Hong Kong Special Administrative Region and head of the Government of Hong Kong. The position was created to replace the office of governor of ...

, to be the member of "Task Force on Economic Challenges" to evaluate the situation and identify new opportunities during the financial tsunami. The company laid off employees to cut costs, for which he was publicly criticised. Other positions in civil and public service: * * Commission on Strategic Development of the HKSAR Government * Informal Business Advisory Body to the

World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and e ...

* Hong Kong Representative on the

APEC The Asia-Pacific Economic Cooperation (APEC ) is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region.

Business Advisory Council (1996), (2001) * Hong Kong Government Judicial Officers Recommendation Committee (?-2006) * * Member of IESE's International Advisory Board (IAB).

Honours

* Hong Kong's Businessman of the Year 1995 * Top 25 Managers in ''

BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

'' magazine 1995 * Awarded

Gold Bauhinia Star The Gold Bauhinia Star (, GBS) is the highest Bauhinia Star rank in the honours system of Hong Kong, created in 1997 to replace the British honours system of the Order of the British Empire after the transfer of sovereignty to People's Republic of ...

(GBS) in 2003 for distinguished service to the Hong Kong community. * Businessman of the Year 2005

Forbes Asia ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

magazine * One of "60 Years of Asian Heroes" (

Time Asia ''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on Ma ...

magazine)

Personal

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

References

External links