Throughout his career, Cheong contributed to poverty relief and development in his home county of Anxi, and he is commemorated in the names of a number of public institutions in Fujian.

[3] He founded a jewellery firm there in 1925, and subsequently organized a bank with his cousin, sending his eldest son to open an office in Shanghai.

[4] The political turbulence in China from the 1940s on led Cheong to focus on his interests in Singapore and Hong Kong, where he diversified into real estate, property development, and tourism.

Mingxuan High School [zh] in Quanzhou, which has supplied cadets for the People's Liberation Army Air Force, including a fighter pilot on the Liaoning carrier, is named after him.

[10] Cheong Kung-hai's grandson, Derek Cheung (鍾培生), is the founder of HKEsport, the first professional esports team of Hong Kong.