Perhaps one of the most influential and powerful Hongkonger in the politics of China is Henry Fok. Since March of 1993, he sat as the vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference.
Before the turnover of Hong Kong back to China in 1997, he played vital roles in politics and the entire economy. He was Standing Committee member of the 7th National People’s Congress, a member of the Drafting Committee for the Basic Law of Hong Kong Special Administrative Region (SAR), vice-chairman of the Preparatory Committee of Hong Kong SAR and the vice-chairman of the Preliminary Working Committee of Preparatory Committee of the Hong Kong SAR. He is also best known for helping out Tung Chee Hwa, the first Chief Executive and President of the Executive Council of Hong Kong, out of bankruptcy which created his strong ties with the public figure.
When he died on October 28, 2006 he already amassed billions from his businesses. His life though was not one that’s devoid of challenges and showered with wealth. It was rather a story of rags to riches that is now seen as a reflection of how China dramatically changes its global position. His family never had much and his schooling at Queen’s College was even interrupted because of the Japanese invasion in 1941.
His business interests lie in real estate, casinos, petroleum and restaurants. Rumors had it that he made his fortune by circumventing United Nations arms embargo in the 1950s. This he denied but admitted violating sanctions by smuggling steel and rubber and other items. He sat as chairman in his companies Yau Wing Co of Hong Kong and the Henry Fok Estates Ltd. He also served as the President of the Chinese General Chamber of Commerce in Hong Kong and the Real Estate Developers Association of Hong Kong.
Henry Fok died of cancer at the age of 83. His family traces their roots in Nansha District, Guangzhou, Guangdong.