Frances Yung
Frances Yung Ming-fong | |
|---|---|
| Born | December 7, 1972 |
| Education | Institut Le Rosey Stanford University |
| Spouses | |
| Children | 5 |
| Father | Larry Yung Chi-kin |
| Relatives | Rong Yiren (grandfather) Yang Jianqing (grandmother) Rong Desheng (great-grandfather)[1] |
Frances Yung Ming-fong (born 1972) is a Chinese-Canadian businesswoman and heiress, known for her connection to the CITIC Pacific foreign exchange losses scandal.[2] The daughter of CITIC Chairman Larry Yung, in 2007, Yung was ranked the 9th on the Forbes Chinese billionaires list.
Biography
[edit]Yung attended Benenden School in England before following her brother Carl in attending Institut Le Rosey in Rolle, Switzerland. During her school years, she excelled in a range of sports and represented her schools in Equestrian.[3][4] She holds coterm Bachelor’s and Master’s degrees in Economics and Management Science & Engineering from Stanford University. She provided major support to help launch the Knight-Hennessy Scholars.[5]
Yung was an Executive Director at Goldman Sachs in the Fixed Income, Currency, and Commodities division before transitioning to Citadel LLC.[6][7] She sits on the board of CITIC Pacific and Bank of East Asia.[8][9] She also served as a member of Chinese General Chamber of Commerce and a Member of the National Committee of the Chinese People's Political Consultative Conference.[10][11]
Personal life and family
[edit]Yung’s first marriage, to Brian David Li Man-bun, ended in divorce, they have three children. She later married Hu Haifeng, the couple have two daughters.[3] Her daughters debuted at the Queen Charlotte's Ball at Kensington Palace in London and took part in their paternal grandfather's tour of Russia.[12]
References
[edit]- ↑ "Yung Family". Retrieved 31 March 2022.
- ↑ "Frances Yung Ming-fong". Archived from the original on 2008-10-24. Retrieved 2008-10-22.
- 1 2 "How much did daddy's girl know?". Archived from the original on 2008-10-22. Retrieved 2008-10-22.
- ↑ "Yung family finds there is life after Citic". South China Morning Post. 2014-10-20. Retrieved 2025-08-16.
- ↑ "Kinght-Hennessy Benefactors". Knight-Hennessy. 26 July 2017. Retrieved 6 March 2020.
- ↑ "CITIC Pacific's $1.5 Billion Bailout". Retrieved 13 November 2008.
- ↑ "CITIC Pacific interim report" (PDF). Retrieved 27 December 2008.
- ↑ "Larry Yung's daughter 'hazy' on details of meeting about Citic Pacific foreign exchange losses". South China Morning Post. 2015-12-21. Retrieved 2025-08-16.
- ↑ "Younger Yungs at Citic Pacific may get the axe". South China Morning Post. 2009-04-11. Retrieved 2025-08-16.
- ↑ "Christie's Advisory Board Members", Christie's, 2014
- ↑ "香港中華總商會 The Chinese General Chamber of Commerce". cgcc.org.hk. Retrieved 2016-04-02.
- ↑ "Queen Charlottes Ball". Retrieved 31 March 2019.