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.
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.