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The Power List 2020-12-02T17:38:17+00:00

2020 Gafencu Power list 300


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Photo of Xiangming Wang

Xiangming Wang

Chairman, China Resources Group

China’s ninth-largest property developer by sales, China Resources Group welcomed Wang Xiangming as a director and general manager within the organisation last year before quickly elevating him to the top position of Chairman in December. 58-year-old Wang, who is an engineering graduate of the Nanjing Institute of Architectural Engineering (now known as Nanjing Tech University), previously held the roles of Director and General Manager of China State Construction Engineering Corporation Limited, and President and Director of China State Construction Engrg. Corp. Ltd.

Photo of Patrick Wang Shui-chung

Patrick Wang Shui-chung

Chairman and CEO, Johnson Electric

Electrical engineer Patrick Wang has led three generations of his family in business for the past 23 years. His late father and his mother (who remains as honorary chair) founded micro-motor-maker Johnson Electric in 1959. With his brother, sister and son all on board, the now electro-mechanical- component giant has acquired like-minded concerns and opened plants globally. Wang is also a committee member of electronic learning specialist VTech.

Photo of Shinichiro Watari

Shinichiro Watari

Chairman, Cornes & Co Ltd

Modern luxuries such as cars and electronics come under the remit of Shinichiro Watari at Cornes, which began life trading in silk and tea in Yokohama in the 1860s. An architect by training, Watari met his wife, Cissy Pao, daughter of late shipping magnate Y.K. Pao, at college in the US. The couple divide their time between Hong Kong and the family business interests in Japan.

Photo of Albert Wong

Albert Wong

Chairman, Eastern Worldwide Company

After studying in Canada, Albert Wong learned the ropes, literally, at Eastern Worldwide, the freight forwarding and logistics firm established by his grandfather more than 50 years ago; he would clamber up the hulls of ships to deliver messages. Wong junior assumed the chair in 1996 upon the death of his father. Over the years he has generously supported education and children’s charities and has honed his martial arts skills.

Photo of Almen Wong

Almen Wong

Co-founder, PURE Group

A stalwart of Hong Kong’s fashion and movie industries in the ’90s and ’00s, Almen Wong eventually turned her attention to an entirely different sphere – fitness. A co-founder of PURE Group, which encompasses PURE Yoga and PURE Fitness branches across Asia, Wong was the city’s first Bikram-trained yoga teacher and remains a keen yoga advocate.

Photo of Bill Wong

Bill Wong

Owner, Greater Bay Airlines

Billionaire property tycoon Bill Wong made his fortune by investing heavily across the border. Now, the Chinese People’s Party Consultative Conference member – and a man commonly dubbed ‘Shenzhen’s Li Ka-shing’ – has turned his eye to the aviation industry. Earlier this year, he announced the launch of a new city airline, Greater Bay Airlines, which aims to focus on regional travel and hopes to get off the ground some time next summer.

Photo of Man Li Wong

Man Li Wong

Chairman, Man Wah Holdings

Self-made billionaire Wong Man Li ascended from being a lowly Fujian-immigrant factory worker in 1990 to owning a furniture supplier listed in both Hong Kong and Singapore. Man Wah’s top product, the Cheers reclining sofa, has gone down a storm in the US, boasting a third of the market share. Wong was named one of Hong Kong’s Outstanding Youth Industrialists in 2007 and was inducted into the First China Furniture Industry Hall of Fame in 2016.

Photo of Vinci Wong

Vinci Wong

Executive Director and General Manager, Wong’s Kong King International Holdings

From DJing and radio-hosting while studying in Vancouver to TVB personality in Hong Kong, Vinci Wong’s star then shifted to business. He founded and serves as General Manager of Chinese medicine and health-care company 3 Kings, under the umbrella of WKK International, the family electronics business chaired by his father, Senta Wong. Wong junior is a former Chairman of the Tung Wah Group of Hospitals.

Photo of Yenn Wong

Yenn Wong

Founder and CEO, JIA Group

Singapore-born entrepreneur Yenn Wong is the CEO and founder of the Hong Kong-based JIA Group, which was founded in 2004 with the opening of Jia Hong Kong boutique hotel, followed by Jia Shanghai in 2007. While both hotels have been since sold, the hospitality group continues to run over 10 venues across Hong Kong, including two Michelin-starred Duddell’s and Commissary. Married to fellow restaurateur Alan Lo, she enjoys horse riding and skiing in her spare time.

Photo of Jimmy Wong Chi-ho

Jimmy Wong Chi-ho

President and Director, Tung Chun Group

Following in the footsteps of his grandfather, Wong Tok-lai, and father, Wong Chung-ming, Jimmy Wong heads the family business, ensuring Tung Chun’s premium sauces are made in Hong Kong and guiding the household name into real estate and catering. A doctor specialising in otorhinolaryngology (ear, nose and throat), Wong is Founding President of the Hong Kong Society of Medical Professionals.

Photo of Allan Wong Chi-yun

Allan Wong Chi-yun

Chairman and Group CEO, VTech

Heading the world’s largest producer of children’s educational learning products and manufacturer of cordless phones, VTech co-founder Allan Wong is one of Hong Kong’s richest people. The electrical and computer engineering graduate is also plugged into the Hong Kong corporate world as Deputy Chairman of the Bank of East Asia and a Non- Executive Director of both MTR Corporation and Li & Fung.

Photo of Simon Wong Ka-wo

Simon Wong Ka-wo

Chairman, Kampery Development Ltd

Coffee connoisseur Simon Wong counts an instant milk tea brand and two wineries in Bergerac among his holdings. Since founding Kampery in 1993, the catering tycoon has tasted  international success while sitting on a plethora of F&B industry committees. He is Chairman of the Hong Kong Brand Development Council, and a trustee of the University of Minnesota Foundation, where he studied psychology and studio arts in the early 1970s.

Photo of Harold Wong Tsu-hing

Harold Wong Tsu-hing

CEO and Managing Director, Dah Sing Bank

Scion of Hong Kong’s Dah Sing banking family, Harold Wong studied law at King’s College and Harvard and qualified as a solicitor in England and Wales as well as his home city. He went to work for his father, David Wong, in 2000, taking on various senior management roles in Dah Sing Group. Leading Dah Sing Bank since in 2017, he oversees roughly 70-odd branches in Hong Kong, Macau and China.

Photo of Peter Wong Tung-shun

Peter Wong Tung-shun

Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited

A former Chairman of the Hong Kong Association of Banks, Peter Wong worked at Citibank and Standard Chartered prior to joining HSBC in 2005. Roles at HSBC China, Vietnam and Australia preceded his current appointment and elevation to the Group management board. The computer science whiz is also a non-executive director of Hang Seng Bank, a director of Serai Limited, and holds key appointments on various political and economic bodies.

Photo of Wilfred Wong Ying-wai

Wilfred Wong Ying-wai

President and COO, Sands China

Former civil servant Wilfred Wong took a turn into business in 1992, holding management roles at leading Hong Kong property developers and helming Macau resort developer Sands China since 2015. The Harvard and Oxford University alumnus is passionate about films; his present cultural credits include Chairman of the Hong Kong Arts Development Council, the Asian Film Awards Academy and the Hong Kong Film Development Council.

Photo of Darrin Woo

Darrin Woo

Managing Director, Woo Hon Fai Group

Darrin is the eldest grandson of the late Woo Hon-fai, founder of Lee Cheong Gold Dealers Limited and a president of the Hong Kong Gold & Silver Exchange Society. He currently helms his family’s Woo Hon Fai Group as its Managing Director, overseeing its diverse investment portfolio. With Alan Lo, Darrin is also a co-founder of Blake’s, a real estate company with a commitment to urban regeneration. An avid classic car fan, he has a personal classic car blog, Motor & Co.

Photo of Jennifer Woo

Jennifer Woo

Chairman and CEO, Lane Crawford Joyce Group

The middle child of Peter and Bessie Woo, Jennifer Woo has cut her own cloth within the family holdings, becoming a youthful force in luxury retailing. She has guided historic Hong Kong department store Lane Crawford into China and the digital age, as well as overseeing the various fashion and footwear boutiques, brand management and distribution enterprises under her wing, including Joyce, Pedder Group and Imaginex.

Photo of Douglas Woo Chun-kuen

Douglas Woo Chun-kuen

Chairman and Managing Director, Wheelock and Co

Photo of Peter Woo Kwong-ching

Peter Woo Kwong-ching

Senior Counsel, Wharf Holdings

Among the city’s top 10 richest people, Peter Woo has pared back his commitments in the sprawling property empire of his late father-in-law, currently acting as ‘senior counsel’ to Wharf Holdings. He now devotes himself to charity, particularly Project WeCan, which aids disadvantaged students. Shanghai-born Woo was pursuing a financial career at Chase Manhattan Bank when he met his wife, Bessie Pao. Their son, Douglas, now helms Wheelock and Co.

Photo of Kebo Wu

Kebo Wu

Chairman and Executive Director, Orange Sky Golden Harvest Entertainment Group

Through Chentian Entertainment Group and Orange Sky, mainland businessman Wu Kebo acquired control of famed Hong Kong film studio Golden Harvest. His 2007 purchase of Raymond Chow’s remaining stake propelled him into dual lead roles of Chairman and majority shareholder. (Chow, the studio’s co-founder and main player, passed away in November 2018.) Wu refocused the company: now called Orange Sky Golden Harvest it operates 30 cinema multiplexes in Hong Kong, Taiwan and Singapore.

Photo of Thomas Jefferson Wu

Thomas Jefferson Wu

Deputy Chairman and Managing Director, Hopewell Holdings Ltd

Following his father, Sir Gordon, into Princeton and, 20 years ago, their infrastructure mammoth Hopewell Holdings, Thomas Wu added the deputy chair to his long-time role of Managing Director in 2018. The company went private in mid-2019, with Wu’s father and other family members buying out the remaining shareholders, including his own 3.34 percent stake. Wu is also a newly-minted member of the Airport Authority Hong Kong.

Photo of Patrick Wu Po-kong

Patrick Wu Po-kong


Wing Lung Bank cousins Patrick and Michael Wu were among Hong Kong’s 20 richest people when they sold the family concern to China Merchants Bank in 2008. Through Wu Jieh Yee Charitable Foundation (named after their father, the longtime bank chair) former Vice-Chairman Patrick Wu redistributed some of that wealth to hospitals and universities. He has been instrumental to the Hong Kong Heart Foundation and the Scout Association.

Photo of Michael Wu Wei-kuo

Michael Wu Wei-kuo

Chairman, Maxim’s Caterers Ltd

Michael Wu is heir to the restaurant group co-founded by his grandfather. At Maxim’s since 1992, he was instrumental in expanding from cakes and Chinese food into Japanese (Genki) and smart Western restaurants (Café Landmark, Simplylife). In 2000, Wu partnered with Starbucks to bring a long-awaited US coffee culture to Hong Kong and Macau. He has a head for figures, having studied mathematics at Brown.