Xin Yuanfu
David Xin Yuanfu (Xin, Pinyin: xīn), born in 1954, is an industrialist and philanthropist in Hong Kong, known as Hong Kong’s "Toy King" and founder of Wing Chun Group in Hong Kong.[1]
Life
He was born in 1954 in Yin County, Zhejiang. His father was a seaman. In 1960, he moved to Hong Kong. While studying, he worked at several toy factories in Hong Kong, which established his lifelong connection with the toy industry. In 1970, at the young age of 17, Xin founded his first toy workshop.[2]
In 1970, due to the global oil crisis and rising raw material prices, his toy factory was forced to close, and Xin returned to work for others. In the late 1970s, following the reform and opening-up in mainland China, he partnered with others to invest in a toy factory in Shunde, Guangdong. In 1982, he invested in the Xili Lake Industrial Zone in Shenzhen.
Later, he founded Wing Chun Industrial Co., Ltd. in Hong Kong and served as its Chairman. The company specializes in toy manufacturing and was a contractor for American companies such as Burger King. He earned the nickname "King of Figurine Toys."[3] Xin once donated 5 million RMB to support the development of Ningbo University, and the Xin Yuanfu Building on campus was named in his honor. [4]By 2013, he had donated over 20 million RMB to support education in mainland China. Other facilities named after him include the "Yuanfu Teaching Building" at Yunlong Town Middle School in Ningbo and the Xin Yuanfu Theatre at the Science and Technology College of Ningbo University.