Fang Fenglei(Chinese:Phương phong lôi) is a Chinese investment banker who co-founded private equity firmHopu Investment Management.He previously served as chairman ofGoldman SachsGaohua Securities, deputy chief executive ofChina International Capital Corporationand CEO ofBOC International Holdings.[1][2]
Fang Fenglei | |
|---|---|
Phương phong lôi | |
| Nationality | Chinese |
| Education | Sun Yat-sen University(BA) |
| Known for | Co-founder ofHopu Investment Management |
| Children | Anna Fang(daughter) |
Biography
editFang is the son of a former peasant farmer who rose to a senior administrative post in thePeople's Liberation Army.[3]During theCultural Revolution,he was sent to theInner Mongoliancountryside. He then joined the army before enteringSun Yat-sen UniversityinGuangzhou.[3]
After graduation, he was assigned a job inHenanProvince's Economy and Trade Bureau, where he became close friends withWang Qishan.Fang convinced Wang to establish China International Capital Corporation, a joint venture withMorgan Stanley,in 1995.[4]He then held the chief executive position at the Hong Kong investment banking branch of theBank of Chinaand theIndustrial and Commercial Bank of China.[5]In 2005, he brokered a deal that would allow the entry ofGoldman Sachsinto China by establishing a securities joint venture with Fang as chairman.[6][7]In 2007, he set upHopu Investment Managementwith Dominic Ho, former head ofKPMGChina, and former Goldman Sachs bankerRichard Ong,and with help from Singapore's sovereign fundTemasek Holdings.[3][8][9]
For his role in numerous high-profile transactions such asChina National Offshore Oil Corporation's acquisition ofUnocal Corporation,[10]and the initial public listings ofChina Mobile,China Telecom,China Unicom,China Netcom,PetroChinaandSinopec,he has been called China's most well-known and politically connected investment banker.[11][12][13][8]
Personal life and family
editFang's daughter,Anna Fang-Hamm,is a venture capitalist and the CEO ofZhenFund.[14]She is ranked 21st onForbes'Midas List.[15]Fang is also the son-in-law of Chinese economist and formerChinese Academy of Social Sciencesdeputy director Liu Guoguang (Lưu quốc quang).[16]
References
edit- ^"Fang Fenglei".KT Wong.2017-07-16.Retrieved2022-03-05.
- ^"Advisory Board".HH&L Acquisition Co.Retrieved2022-03-05.
- ^abc"The rise of China's ultimate dealmaker".Financial Times.2009-05-13.Retrieved2022-03-05.
- ^"Wall Street's war for China - May 29, 2006".archive.fortune.com.Retrieved2022-03-05.
- ^"ICEA chief joins Goldman team".South China Morning Post.17 September 2003.Retrieved2022-03-05.
- ^Barboza, David (2005-03-04)."Horse Trading for a Venture in China".The New York Times.ISSN0362-4331.Retrieved2022-03-05.
- ^"Goldman Sachs is strengthening its foothold in China".Fortune.Retrieved2022-03-05.
- ^ab"China: Fang Fenglei collaborates with Temasek in private equity fund".Euromoney.2008-01-08.Retrieved2022-03-05.
- ^"Singapore's Temasek in $1 Billion China Fund: WSJ".CNBC.Reuters. 2007-12-05.Retrieved2022-03-05.
- ^Barboza, David (2005-07-19)."The New Power Brokers".The New York Times.ISSN0362-4331.Retrieved2022-03-05.
- ^Rabinovitch, Jamil Anderlini and Simon (2013-05-02)."China's Most Prominent Financier Launches $2 Billion Fund".CNBC.Retrieved2022-03-05.
- ^"Property demand in China stable despite turbulence: Fang Fenglei".Nikkei Asia.Retrieved2022-03-05.
- ^"Exclusive: China investment guru Fang targets comeback with $2 billion Hopu II fund".Reuters.2013-05-02.Retrieved2022-03-05.
- ^"Where angels tread".chinadailyhk.Retrieved2022-03-05.
- ^"Anna Fang".Forbes.Retrieved2022-03-05.
- ^McGregor, James (2009-09-10).Entender China(in Spanish). Ediciones Robinbook.ISBN978-84-9917-020-6.