He is the eldest son of Fung King Hey, the founder of Sun Hung Kai (SHK) Financial in Hong Kong.

He is the founder of the Fairchild Group, a media and real estate conglomerate, which operates Asian-themed shopping malls and Chinese-language television networks and radio stations.

Then he went back to Hong Kong, staying 10 years and starting a film-production company, an advertising agency and a public relations firm.

On top of his business endeavours, Fung provides significant philanthropic support to non-profit organizations such as the Vancouver Symphony Orchestra, Royal Conservatory of Music, Children’s Hospital, United Way, World Vision, and others.

[3] The Canadian federal government had appointed Mr. Fung as the Ministerial Strategic Advisor for Canada's Global Commerce directive.