[2] In 1996, Yeung served as chairman and chief executive of Kowloon-Canton Railway Corporation (KCRC).
[3] During his tenure, the KCRC constructed the West Rail line that links northwestern New Territories (Tuen Mun, Tin Shui Wai and Yuen Long) with Kowloon.
Yeung's appointment of fellow retired civil servants in KCRC and conciliatory attitude to the government drew public criticism and brought him into direct conflict with Michael Tien.
Yeung's hostile attitude on environmentalist opposition against the use of Long Valley wetland area for the development of Lok Ma Chau Spur Line and misuse of public fund in the Siemens fiasco eventually led to his downfall in 2001.
In 1998, Yeung was appointed as Chairman of the Vocational Training Council in Hong Kong.