|Alma mater||Massachusetts Institute of Technology
Harvard School of Business
|Net worth||$2.9 billion|
|Relatives||William Fung - brother, Spencer Theodore Fund - son|
Victor Fung Kwok-king (Chinese: 馮國經; sometimes Victor K. Fung; born 1945 in Hong Kong), GBS (2003), is the Group Chairman of Li & Fung group of companies. Together with his brother William, he owns a controlling stake of 32% in the business, which was founded by his grandfather.
Fung has Bachelor of Science and Master of Science degrees in Electrical Engineering from MIT. After earning a PhD in Business Economics from Harvard Business School, he stayed there as a Professor of Finance. for his early education, he enrolled King George V School in Hong Kong
At present, Victor Fung is the Group Chairman of Li & Fung Group, and his brother William is the Group Managing Director. The business was founded by their grandfather, Fung Pak-liu, in 1906 and subsequently led by their father, Fung Hon-chu.
Fung is chairman of the Hong Kong-Japan Business Co-operation Committee and co-chair of France-based The Evian Group at IMD forum and think tank. He is also chairman (2008– ) of the International Chamber of Commerce.
In 2008, Fung was appointed by Donald Tsang, the Chief Executive of Hong Kong, to be the member of "Task Force on Economic Challenges" to evaluate the situation and identify new opportunities during the financial tsunami. The company laid off employees to cut costs, for which he was publicly criticised. Other positions in civil and public service:
- Member of Chinese People's Political Consultative Conference of People's Republic of China
- Commission on Strategic Development of the HKSAR Government
- Informal Business Advisory Body to the World Trade Organization
- Hong Kong Representative on the APEC Business Advisory Council (1996), (2001)
- Hong Kong Government Judicial Officers Recommendation Committee (?-2006)
- Chairman, Fung Global Institute
- Hong Kong's Businessman of the Year 1995
- Top 25 Managers in BusinessWeek magazine 1995
- Awarded Gold Bauhinia Star (GBS) in 2003 for distinguished service to the Hong Kong community.
- Businessman of the Year 2005 Forbes Asia magazine
- One of "60 Years of Asian Heroes" (Time Asia magazine)
Fung is married with two children and like his brother William hold American citizenship.
- Forbes "#10 Victor Fung", Forbes, 2 March 2010
- "Victor K. Fung", FT Press. Retrieved 1 March 2011.
- CE appoints members of Task Force on Economic Challenges
- Li & Fung denies layoff report, will cut costs by 10%
- About FGI, institute web page. Retrieved 2012-04-10.