Fang Fenglei
Fang Fenglei | |
|---|---|
| Born | China |
| Occupation | Investment banker |
| Known for | Co-founder of Hopu Investment Management |
| Notable work | Chairman of Goldman Sachs Gaohua Securities, Deputy CEO at China International Capital Corporation, CEO of BOC International Holdings |
Fang Fenglei () is a prominent Chinese investment banker and co-founder of the private equity firm Hopu Investment Management. His career includes significant leadership positions such as chairman of Goldman Sachs Gaohua Securities, deputy CEO at China International Capital Corporation, and chief executive officer of BOC International Holdings.
Biography
Fang's background traces back to humble beginnings as the son of a former peasant farmer who later attained a senior rank within the People's Liberation Army. During the Cultural Revolution, he was relocated to rural Inner Mongolia, after which he enlisted in the military and eventually pursued higher education at Sun Yat-sen University in Guangzhou.
Following his graduation, Fang began his professional journey at the Economy and Trade Bureau in Henan Province, where he developed a close working relationship with Wang Qishan. In 1995, the two collaborated to establish China International Capital Corporation, a joint venture with Morgan Stanley. Fang then took leadership roles overseeing Hong Kong investment banking operations for both the Bank of China and the Industrial and Commercial Bank of China. In 2005, he played a key role in introducing Goldman Sachs into the Chinese market by creating a securities joint venture, serving as its chairman. Two years later, in 2007, Fang co-founded Hopu Investment Management alongside Dominic Ho, former head of KPMG China, and Richard Ong, an ex-Goldman Sachs banker, with financial backing from Singapore's sovereign wealth fund Temasek Holdings.
Fang has been instrumental in numerous landmark deals, including the acquisition of Unocal Corporation by China National Offshore Oil Corporation, as well as initial public offerings for major Chinese corporations such as China Mobile, China Telecom, China Unicom, China Netcom, PetroChina, and Sinopec. He is widely regarded as one of the most influential and politically well-connected investment bankers in China.
Personal life and family
Fang's daughter, Anna Fang-Hamm, is a venture capitalist serving as CEO of ZhenFund and holds the 21st position on the Forbes' prestigious Midas List. Additionally, Fang is married into a notable family as the son-in-law of Liu Guoguang (刘国光), a respected Chinese economist and former deputy director at the Chinese Academy of Social Sciences.