Peter Lam
Peter Lam Kin‑ngok GBM GBS (born 7 August 1957), known colloquially as “Young Master Lam,” is a Hong Kong businessman, second son of the late tycoon Lam Pak heen. He serves as Chairman of the Hong Kong Tourism Board and Chairman of Lai Sun Group. He was previously Chairman of the Hong Kong Trade Development Council and Chairman of the Supervisory Committee of the Business and Professionals Alliance. In recent years, he has focused on entertainment investments, notably co-producing the film "Infernal Affairs." Politically, he is a pro‑establishment figure, serving as Hong Kong delegate to the 13th and 14th National Committee of the CPPCC.
Background
Lam attended Man Sing College (primary) and La Salle College before studying at St George’s School in Vancouver. He later studied at the University of Oregon. After graduating in 1987, he returned to Hong Kong to assist his father and became Vice‑Chairman of Lai Sun Group. In the late 1990s, his high‑risk property investments led to massive losses during the Asian Financial Crisis. He then shifted focus to entertainment, founding Media Asia and producing "Infernal Affairs" in 2002. He took Media Asia public in Singapore in 2004 and launched East Asia Records and A Music the same year.
In July 2004, Lam restructured HK$2.1 billion of debt with creditors including CITIC Ka Wah Bank, Citibank, and Morgan Stanley. After his father’s death in 2005, Lam inherited control of the family’s listed companies, holding over 11 million shares of Lai Sun International and 10 million shares of Lai Sun Development.
He later diversified into free online film distribution with goyeah.com and has maintained a strong presence in cigar retail and hospitality in Hong Kong.
Public service and politics
In 2017, Lam led a fund‑raising drive for families of convicted police officers and publicly supported the Hong Kong National Security Law in 2020.
Personal life
Lam married actress Sally Yip Ling‑ling in 1980; they had six children and divorced in 1995. He later dated model Kit Lam and singer Michelle Chen, with whom he has a daughter.
Other interests
Lam is a long‑time member of the Hong Kong Jockey Club and has owned racehorses including Golden Treasure and Run Baby Run. He was football director at Eastern Sports Association and South China Football Club in the 1980s and later founded Lai Sun Football Club.[1][2]
Controversies
In 2007, Lam faced a speeding charge that was reduced at trial, sparking public outcry over preferential treatment. In 2013, his company demolished heritage buildings once occupied by opera star Sit Shui‑suen in Guangzhou, drawing widespread condemnation.[3]