He graduated from Princeton University with a Bachelor of Science degree in Engineering. He holds an MBA degree from the Harvard Graduate School of Business and Degrees of Doctor of Business Administration, honoris causa, from The Hong Kong University of Science & Technology, The Hong Kong Polytechnic University and Hong Kong Baptist University.
Dr Fung is an independent non-executive director of The Hongkong and Shanghai Hotels, Limited, Shui On Land Limited, Sun Hung Kai Properties Limited, and VTech Holdings Limited. Dr Fung was Past Chairman of the Hong Kong General Chamber of Commerce, the Hong Kong Exporters’ Association, the Hong Kong Committee for Pacific Economic Cooperation and a former member of the Hong Kong Trade Development Council. He was a Hong Kong Special Administrative Region delegate to the 9th Chinese People’s Political Consultative Conference.
In 2008, Dr Fung was awarded the SBS (“Silver Bauhinia Star”) by the Government of the Hong Kong Special Administrative Region.