Grandson Of Hong Kong Property Giant Sun Hung Kai Cofounder Forges His Own Path As A Tech Investor

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Joseph Fung, a grandson of legendary share trader Fung King Hey, is trying to make his own name as an investor focused on a completely unrelated industry: Life sciences.

As for Fung King Hey, he left Hong Kong for Canada in 1967 when deadly pro-Communist riots shook Hong Kong, which was then a British colony. Fung King Hey returned to Hong Kong the following year and in 1969 set up his own brokerage firm, Sun Hung Kai Securities, which grew to become the largest Chinese-owned broker in the city.

Thomas, his wife, and his son, Joseph, moved back to Canada in 1984 and settled down in Vancouver. In the early 1990s, he helped pioneer Asian-style shopping centers in Vancouver as Hong Kong residents began emigrating in droves over worries about the then British colony’s handover to Chinese rule.entrepreneurs, with his Fairchild Group owning real estate, restaurants and TV stations in Chinese across Canada.

“From my father’s side, he never really was given the stress that he must take over the business and to run it exactly the way he wants. He was allowed to explore and to understand his own capabilities and validate that,” says Joseph. “Likewise, for myself in a very similar vein, I never had the pressure and never actually even considered fully that I needed to take over the family business at any time in my life.

 

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