Dr. Victor K. Fung

Dr. Victor K. Fung

Group Chairman, Fung Group & Honorary Chairman, Li & Fung Ltd.

The business mogul oversees his family’s extensive investments, including a leading global fashion sourcing firm with an extensive global network of suppliers and distributors.

China Executives 2013 BoF 500 2013 2014 BoF 500 2014

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Biography

Eminent Hong Kong businessman Dr. Victor K. Fung is chairman of Fung Group, a large-scale consumer goods enterprise with multiple private and publicly traded subsidiaries in trading, exports, logistics, manufacturing, and retail. Founded by his grandfather Fung Pak Liu in Guangzhou as a trading company and exporter of Chinese goods to the United States in 1906, today the group is involved mainly with garment manufacturing, as well as value-added distribution and supply chain management throughout the mainland.

Fung is also chairman of Trinity Limited, a luxury menswear retailer that oversees distribution for brands like Gieves & Hawkes and Cerruti 1881 in China. Trinity Limited is a publicly-listed company under privately-held Fung Retailing Limited. The latter is part of the Fung Group, and is separate from publicly-listed Li & Fung Limited. 

Along with his brother William Fung, who is chairman of Li & Fung, Dr. Fung is a private investor in various fashion brands under the investment group Fung Brands. They have acquired majority stakes in Belgian leather goods brand Delvaux, French accessories label Robert Clergerie, and knitwear label Sonia Rykiel.

Dr. Fung has also held a variety of civic positions, most recently as the chairman of the University of Hong Kong, and formerly as chairman of the Hong Kong Trade Development Council. He is also an honorary chairman of the International Chamber of Commerce in Paris and a non-executive director at jewellery company Chow Tai Fook and the Bank of China. Educated at the Massachusetts Institution of Technology (MIT) and Harvard, Dr. Fung taught at Harvard Business School before returning to his native Hong Kong in 1976 to run the family business. He is married with three grown children.

Career

  • Li & Fung Group
    Li & Fung Group

    Group Chairman 1973 - Present, Hong Kong

  • International Chamber of Commerce
    International Chamber of Commerce

    2008 - Present

  • APEC Business Advisory Council
    APEC Business Advisory Council

    2003 - 2008

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