Fung King Hey
Encyclopedia
Fung King Hey (1922–1985), was born in Guangzhou
, mainland China. He is one of the founders of Sun Hung Kai & Co. and was reputed as “King of securities world” and “Godfather of the stock market”. His business in Hong Kong included property development, stock-broking and banking.
to study while doing part time job at the same time. In 1941, he once worked as apprentice in jewelry shop and finance clerk in commercial bank. Later he started a small company called Sun Hey, which sells rice, manages hotels and transporting agricultural products through waterway.
and Lee Shau Kee
to develop property business in Hong Kong. In 1963, the three businessmen further established Sun Hung Kai
Group of Companies, which later developed into Sun Hung Kai Properties. In 1965, Chinese banks in Hong Kong witnessed storm of bank run, and a great number of people emigrated following the Culture Revolution in mainland. But Feng King Hey reserved great confidence in Hong Kong. In cooperation with Kwok Tak Seng and Lee Shau Kee, he bought large area of lands and built 20 high-rises within three years. When the economy recovered, Sung Hung Kai made a huge fortune and the three partners were reputed as “Three business swordsmen”.
In 1967 Fung immigrated to Vancouver, Canada, but he and his wife soon returned to Hong Kong to resume business, leaving the children to finish their middle school and college in Canada. The family has owned Canadian nationality till today.
In 1969, Fung King Hey founded Sun Hung Kai Securities and Sun Hung Kai Financial. In 1978, Sun Hung Kai (China) Co., Ltd was founded and was renamed Sun Hung Kai Bank Ltd after obtaining the Hong Kong banking license issued by Hong Kong government in 1982. Fung King Key worked as the chairman of the bank. He died in Aug. 1985 at the age of 63. Sung Hung Kai Bank was merged in 1986 into today's Fubon Bank (Hong Kong).
Thomas Fung Wing Fat(Chinese name:馮永發), the oldest son of Fung King Hey, is the founder, chairman and CEO of Fairchild Group
of Canada. His businesses include Fairchild Media Group, etc. Fung Wing Cheung, the second son of Fung King Hey, is the chairman of Yu Ming Investment Co. Ltd
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
, mainland China. He is one of the founders of Sun Hung Kai & Co. and was reputed as “King of securities world” and “Godfather of the stock market”. His business in Hong Kong included property development, stock-broking and banking.
Early life
In 1938, he moved to Hong KongHong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
to study while doing part time job at the same time. In 1941, he once worked as apprentice in jewelry shop and finance clerk in commercial bank. Later he started a small company called Sun Hey, which sells rice, manages hotels and transporting agricultural products through waterway.
Career
In 1958, he founded Eternal Enterprise Company in partnership with Kwok Tak SengKwok Tak Seng
Kwok Tak-Seng was a Chinese entrepreneur and the founder of Sun Hung Kai Properties, the largest property developer in Hong Kong.-Life:...
and Lee Shau Kee
Lee Shau Kee
Lee Shau-kee GBM is a property developer and majority owner of Henderson Land Development , a property conglomerate with interests in properties, hotels, restaurants and internet services...
to develop property business in Hong Kong. In 1963, the three businessmen further established Sun Hung Kai
Sun Hung Kai
Sun Hung Kai Properties Ltd. is a listed corporation based in Hong Kong. The company is controlled by the family trust set up by Kwok Tak Seng, who founded the company.-History:...
Group of Companies, which later developed into Sun Hung Kai Properties. In 1965, Chinese banks in Hong Kong witnessed storm of bank run, and a great number of people emigrated following the Culture Revolution in mainland. But Feng King Hey reserved great confidence in Hong Kong. In cooperation with Kwok Tak Seng and Lee Shau Kee, he bought large area of lands and built 20 high-rises within three years. When the economy recovered, Sung Hung Kai made a huge fortune and the three partners were reputed as “Three business swordsmen”.
In 1967 Fung immigrated to Vancouver, Canada, but he and his wife soon returned to Hong Kong to resume business, leaving the children to finish their middle school and college in Canada. The family has owned Canadian nationality till today.
In 1969, Fung King Hey founded Sun Hung Kai Securities and Sun Hung Kai Financial. In 1978, Sun Hung Kai (China) Co., Ltd was founded and was renamed Sun Hung Kai Bank Ltd after obtaining the Hong Kong banking license issued by Hong Kong government in 1982. Fung King Key worked as the chairman of the bank. He died in Aug. 1985 at the age of 63. Sung Hung Kai Bank was merged in 1986 into today's Fubon Bank (Hong Kong).
Thomas Fung Wing Fat(Chinese name:馮永發), the oldest son of Fung King Hey, is the founder, chairman and CEO of Fairchild Group
Fairchild Group
The Fairchild Group is a business conglomerate in Canada, with headquarters in Vancouver, British Columbia, Canada. Fairchild Group operates various media properties under the Fairchild Media Group name. Fairchild operates Fairchild TV , Fairchild Radio , and Mandarin broadcaster TalentVision...
of Canada. His businesses include Fairchild Media Group, etc. Fung Wing Cheung, the second son of Fung King Hey, is the chairman of Yu Ming Investment Co. Ltd