Fung King-hey
Fung King Hey | |
|---|---|
| Born | 1922 |
| Died | 1985 |
| Occupation(s) | Entrepreneur, businessman |
| Years active | 1930s–1985 |
| Known for | Founding Sun Hung Kai & Co. |
Fung King Hey (1922–1985) was a prominent entrepreneur in Hong Kong and a founding figure of Sun Hung Kai & Co., often referred to as the "Godfather of the stock market" and the "King of the securities world." His business interests included real estate development, stock brokerage, and banking. Fung resided briefly in Canada between 1967 and 1968.[1]
Early life
During the late 1930s, Fung relocated to British Hong Kong where he initially worked at a dockyard and operated as a money changer in Canton (Guangzhou).[1] By 1941, he had taken roles as an apprentice in a jewelry store and as a finance clerk at a commercial bank. Subsequently, he founded Sun Hey, a company engaged in rice trading, hotel operations, and agricultural transportation.
Career
In 1958, Fung joined forces with Kwok Tak-seng and Lee Shau-kee to form Eternal Enterprise Company, focusing on property development. This partnership led to the creation of Sun Hung Kai Group in 1963, which later became Sun Hung Kai Properties. During the 1965 financial crisis in banking and widespread emigration caused by the Cultural Revolution, Fung and his associates made substantial investments in land acquisition. They developed twenty high-rise buildings over three years, earning them the nickname Three Musketeers.[2]
After a short period of immigration to Canada in 1967,[1] Fung returned to Hong Kong to resume his business pursuits while his children pursued education overseas. The family retains Canadian citizenship.
Fung founded Sun Hung Kai Securities in 1969,[1] followed by Sun Hung Kai Financial. In 1978, Sun Hung Kai (China) Co., Ltd was established and later obtained a banking license in Hong Kong in 1982, becoming Sun Hung Kai Bank with Fung as chairman. He passed away in August 1985 at age 63. The bank was integrated into what is now Fubon Bank (Hong Kong) in 1986.
Family
Thomas Fung Wing-fat, Fung’s eldest son, is the founder, chairman, and CEO of Canada's Fairchild Group, which encompasses Fairchild Media Group. Tony Fung Wing-cheung, his second son, co-founded Yu Ming Investment Management.
External links
- Articles with short description
- Articles with hCards
- No local image but image on Wikidata
- 1922 births
- 1985 deaths
- Hong Kong bankers
- Hong Kong emigrants to Canada
- Hong Kong hoteliers
- Hong Kong investors
- Hong Kong businesspeople in real estate
- Sun Hung Kai Properties people
- Chinese emigrants to British Hong Kong
- Pages with reference errors