Interview with Dr. Victor K. Fung
Dr. Victor K. Fung
Chairman
Fung Global Institute
Biography
Dr Victor K Fung 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 which comprises major subsidiaries in trading, logistics, distribution and retailing. They include publicly-listed Li & Fung Limited, Convenience Retail Asia Limited and Trinity Limited. Dr Fung played a leading role in driving the development of the supply chain infrastructure at Li & Fung Limited which has enabled the company to become the world's leading sourcing and logistics service provider for major retailers around the world.
Dr Fung holds independent non-executive Directorships with China Petrochemical Corporation (People’s Republic of China), Bank of China (Hong Kong) Limited, Chow Tai Fook Jewellery Group Limited (Hong Kong) and Koc Holding A. S. (Turkey) and Baosteel Group Corporation from 2005 to January 2013. He is also Chairman of the Asia Advisory Board of Prudential Financial, Inc (USA).
Through the philanthropic Victor and William Fung Foundation, Dr Fung is Founding Chairman of the Fung Global Institute, an independent, non-profit think-tank based in Hong Kong that generates and disseminates innovative thinking and business-relevant research on global issues from Asian perspectives. The Foundation also promotes leadership development through scholarship programmes with universities and education institutes.
Dr Fung presently serves Hong Kong as a member of the Economic Development Commission of the Hong Kong Government. 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) and Chairman of the Greater Pearl River Delta Business Council (2004-February 2013).
Internationally, Dr Fung has played a leadership role since 2007 in the Paris-based International Chamber of Commerce, of which he was Chairman from 2008 to 2010. He is a member of ICC’s G20 Advisory Group and chairs its World Trade Agenda Initiative. From 2012 until April this year, he was a member of the World Trade Organisation’s Panel On Defining The Future of Trade.
Born and raised in Hong Kong, Dr Fung holds Bachelor and Master Degrees in Electrical Engineering from the Massachusetts Institute of Technology and a Doctorate in Business Economics from Harvard University, where 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.