Dr. Victor K. Fung is Honorary Chairman of Li & Fung Limited and Chairman of the Risk Management and Sustainability Committee.
He is an international business leader, thought leader and philanthropist, who holds professional and civic appointments in Hong Kong, the Chinese Mainland and overseas.
He is Group Chairman of the Fung Group, a Hong Kong-based multinational group which comprises major operating groups engaging in sourcing, logistics, distribution and retailing. They include publicly-listed Li & Fung Limited, Global Brands Group Holding Limited, Convenience Retail Asia Limited and other privately-held entities. Dr. Fung played a leading role in driving the development of the supply chain infrastructure at Li & Fung Limited, which has enabled it to become the leading consumer goods design, development, sourcing, and logistics company for major retailers and brands around the world.
Dr. Fung holds independent non-executive Directorships with Chow Tai Fook Jewellery Group Limited (Hong Kong) and Koc Holding A.S. (Turkey). He is also Chairman of the Asia Advisory Board of Prudential Financial, Inc (USA).
Dr. Fung is Chairman of the Advisory Board of the Asia Global Institute at the University of Hong Kong, a multi-disciplinary think-tank co-established with the Fung Global Institute to assume and carry forward the Fung Global Institute’s mission to generate and disseminate research and ideas on global issues from Asian perspectives. He is also Chairman of the 2022 Foundation, a non-profit entity focused on research into Hong Kong’s long-term competitiveness.
Also in Hong Kong, Dr. Fung is a Non-official Member of Chief Executive’s Council of Advisers on Innovation and Strategic Development, also an Adviser of the Infrastructure Financing Facilitation Office of the Hong Kong Monetary Authority. He is a member of the Council of the Hong Kong Laureate Forum since its launch in May 2019. He is a former Chairman of the Hong Kong Trade Development Council (1991-2000), a Hong Kong representative on the APEC Business Advisory Council (1996-2003), Chairman of the Airport Authority Hong Kong (1999-2008), Chairman of the Council of The University of Hong Kong (2001-2009), Chairman of the Greater Pearl River Delta Business Council (2004-2013) and Chairman of the Steering Committee of the Hong Kong Scholarship for Excellence Scheme from 2014 to August 2018.
On the Chinese Mainland, he is a member of the International Business Leaders Advisory Council for the Mayor of Beijing, member of the Advisory Board of the School of Economics and Management of Tsinghua University, an Honorary Trustee of Peking University and an Honorary Professor of Renmin University. He was a member of the Chinese People’s Political Consultative Conference from 2003 to February 2018, Vice-Chairman of the China Centre for International Economic Exchanges (2009-2014).
Internationally, Dr. Fung played a leadership role from 2007 in the Paris-based International Chamber of Commerce, of which he was Chairman from 2008 to 2010. From 2012 to 2013, he was a member of the World Trade Organisation’s Panel On Defining The Future of Trade.
Dr. Fung was made a Commander of the Order of the British Empire (CBE) in 1993 in recognition for his commitment to public service. In 1995, he was voted Businessman of the Year under the Hong Kong Business Awards Scheme for his success as an entrepreneur and for his contribution to Hong Kong’s economic development. He also was chosen Hong Kong Leader of the Year in 1998 and was named by BusinessWeek as one of the 50 Asian leaders leading the region out of its economic crisis.
In 2001, he was awarded the Harvard Medal for outstanding service to Harvard University. In 2003, the Hong Kong Government awarded Dr. Fung the Gold Bauhinia Star and, in 2010, the Grand Bauhinia Medal for his distinguished service to the Hong Kong community. In 2011, he was awarded the MIT Sloan Dean’s Award for Excellence in Leadership. He was conferred Fellow of the Hong Kong Academy of Finance in June 2019, which was set up to nurture financial leaders in Hong Kong.
The University of Hong Kong, The Chinese University of Hong Kong and Lingnan University have each conferred upon Dr. Fung an Honorary Doctorate Degree of Laws. Hong Kong Baptist University, the Open University of Hong Kong and the Hong Kong Polytechnic University have each conferred upon him an Honorary Doctorate Degree of Business Administration.
Born and raised in Hong Kong, Dr. Fung holds Bachelor and Master Degrees in Electrical Engineering from the Massachusetts Institute of Technology. After gaining his Doctorate in Business Economics from Harvard University, he taught as a professor at Harvard Business School before returning to the family business in Hong Kong in 1976.
Dr. Fung is married with three adult children.