Dr Fung serves as a Non-Executive Director of Convenience Retail Asia Limited and Global Brands Group Holding Limited, both publicly listed companies within the Fung Group. He was the Group Chairman of Li & Fung Limited (privatized in May 2020) until October 2020. Together with his brother, Victor Fung, Dr Fung played a leading role in driving the development of the supply chain infrastructure at Li & Fung Limited, which enabled it to become the leading consumer goods design, development, sourcing, and logistics company for major retailers and brands around the world.

Dr Fung has previously held key positions in major trade and business associations. He is a former Chairman of the Hong Kong General Chamber of Commerce, the Hong Kong Exporters’ Association and the Hong Kong Committee for Pacific Economic Cooperation Council (PECC). He was awarded the Silver Bauhinia Star by the Hong Kong Special Administrative Region Government in 2008.

Dr Fung is an independent non-executive director of VTech Holdings Limited, Sun Hung Kai Properties Limited and The Hongkong and Shanghai Hotels, Limited. 

Dr Fung graduated from Princeton University with a Bachelor of Science degree in Engineering. He holds a Master of Business Administration degree from the Harvard Graduate School of Business, degrees of Doctor of Business Administration (honoris causa) from The Hong Kong University of Science and Technology, The Hong Kong Polytechnic University and Hong Kong Baptist University and a degree of Doctor of Letters (honoris causa) from Wawasan Open University of Malaysia.