Name Fung Hey | Died 1985 | |
Organizations founded Sun Hung Kai Properties, Sun Hung Kai & Co., Fubon Bank (Hong Kong) Similar People Kwok Tak‑Seng, Lee Shau‑kee, Walter Kwok, Raymond Kwok, Thomas Kwok | ||
Fung King Hey (Simplified Chinese: 冯景禧; Traditional Chinese: 馮景禧) (1922–1985), was a Chinese-born Canadian businessman. He 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.
Contents
Early life
In 1938, he moved to Hong Kong 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 Seng 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. Tony Fung Wing Cheung, the second son of Fung King Hey, is the chairman of Yu Ming Investment Co. Ltd