Frances Yung

Frances Yung Ming-fong
Born (1972-12-07) December 7, 1972 (age 53)
British Hong Kong
EducationInstitut Le Rosey
Stanford University
Spouses
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    (m. 1993; div. 2001)​
  • ​
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    (m. 2002; div. 2013)​
Children5
FatherLarry Yung Chi-kin
RelativesRong Yiren (grandfather)
Yang Jianqing (grandmother)
Rong Desheng (great-grandfather)

Frances Yung Ming-fong (born 1972) is a Chinese-Canadian businesswoman and heiress, known for her connection to the CITIC Pacific foreign exchange losses scandal. The daughter of CITIC Chairman Larry Yung, in 2007, Yung was ranked the 9th on the Forbes Chinese billionaires list.

Biography

Yung attended Benenden School in England before following her brother Carl in attending Institut Le Rosey in Rolle, Switzerland. During her school years, she excelled in a range of sports and represented her schools in Equestrian. She holds coterm Bachelor’s and Master’s degrees in Economics and Management Science & Engineering from Stanford University. She provided major support to help launch the Knight-Hennessy Scholars.

Yung joined CITIC Pacific in 1995 and held the Director of Group Finance role since at least 2007 before transitioning to Citadel LLC. She sits on the board of CITIC Pacific and Bank of East Asia. She also served as a member of Chinese General Chamber of Commerce and a Member of the National Committee of the Chinese People's Political Consultative Conference.

Personal life and family

Yung’s first marriage, to Brian David Li Man-bun, ended in divorce, they have three children. She later married Hu Haifeng, the couple have two daughters. Her daughters debuted at the Queen Charlotte's Ball at Kensington Palace in London and took part in their paternal grandfather's tour of Russia.

References

  1. ↑ "Yung Family". Retrieved 31 March 2022.
  2. ↑ "Frances Yung Ming-fong". Archived from the original on 2008-10-24. Retrieved 2008-10-22.
  3. 1 2 "How much did daddy's girl know?". Archived from the original on 2008-10-22. Retrieved 2008-10-22.
  4. ↑ "Yung family finds there is life after Citic". South China Morning Post. 2014-10-20. Retrieved 2025-08-16.
  5. ↑ "Kinght-Hennessy Benefactors". Knight-Hennessy. 26 July 2017. Retrieved 6 March 2020.
  6. ↑ "CITIC Pacific's $1.5 Billion Bailout". Retrieved 13 November 2008.
  7. ↑ "CITIC Pacific interim report" (PDF). Retrieved 27 December 2008.
  8. ↑ "Larry Yung's daughter 'hazy' on details of meeting about Citic Pacific foreign exchange losses". South China Morning Post. 2015-12-21. Retrieved 2025-08-16.
  9. ↑ "Younger Yungs at Citic Pacific may get the axe". South China Morning Post. 2009-04-11. Retrieved 2025-08-16.
  10. ↑ "Christie's Advisory Board Members", Christie's, 2014
  11. ↑ "香港中華總商會 The Chinese General Chamber of Commerce". cgcc.org.hk. Retrieved 2016-04-02.
  12. ↑ "Queen Charlottes Ball". Retrieved 31 March 2019.