Fang Fenglei
方风雷
NationalityChinese
EducationSun Yat-sen University (BA)
Occupationinvestment banker
EmployerGoldman Sachs
ChildrenAnna Fang (daughter)

Fang Fenglei (Chinese: 方风雷) is a Chinese investment banker who founded private equity firm Hopu Investment and is the chairman of Goldman Sachs Gaohua Securities. He previously served as deputy chief executive of China International Capital Corporation, CEO of BOC International Holdings.[1][2]

Biography

Fang is the son of a former peasant farmer who rose to a senior administrative post in the People's Liberation Army.[3] During the Cultural Revolution, he was sent to the Inner Mongolian countryside. He then joined the army before entering Sun Yat-sen University in Guangzhou.[3]

After graduation, he was assigned a job in Henan Province's Economy and Trade Bureau, where he became close friends with Wang Qishan. Fang convinced Wang to establish China International Capital Corporation, a joint venture with Morgan Stanley, in 1995.[4] He then held the chief executive position at the Hong Kong investment banking branch of the Bank of China and the Industrial and Commercial Bank of China.[5] In 2005, he brokered a deal that would allow the entry of Goldman Sachs into China by establishing a securities joint venture with Fang as chairman.[6][7] In 2007, he set up Hopu Investment Management with Dominic Ho, former head of KPMG China, and former Goldman Sachs banker Richard Ong, and with help from Singapore's sovereign fund Temasek Holdings.[3][8][9]

For his role in numerous high-profile transactions such as China National Offshore Oil Corporation's acquisition of Unocal Corporation,[10] and the initial public listings of China Mobile, China Telecom, China Unicom, China Netcom, PetroChina and Sinopec, he has been called China's most well-known and politically connected investment banker.[11][12][13][8]

Personal life and family

Fang's daughter, Anna Fang-Hamm, is a venture capitalist and the CEO of ZhenFund.[14] She is ranked 21st on Forbes' Midas List.[15] Fang is also the son-in-law of Chinese economist and former Chinese Academy of Social Sciences deputy director Liu Guoguang (刘国光).[16]

References

  1. ↑ "Fang Fenglei". KT Wong. 2017-07-16. Retrieved 2022-03-05.
  2. ↑ "Advisory Board". HH&L Acquisition Co. Retrieved 2022-03-05.
  3. 1 2 3 "The rise of China's ultimate dealmaker". Financial Times. 2009-05-13. Retrieved 2022-03-05.
  4. ↑ "Wall Street's war for China - May 29, 2006". archive.fortune.com. Retrieved 2022-03-05.
  5. ↑ "ICEA chief joins Goldman team". South China Morning Post. 17 September 2003. Retrieved 2022-03-05.
  6. ↑ Barboza, David (2005-03-04). "Horse Trading for a Venture in China". The New York Times. ISSN 0362-4331. Retrieved 2022-03-05.
  7. ↑ "Goldman Sachs is strengthening its foothold in China". Fortune. Retrieved 2022-03-05.
  8. 1 2 "China: Fang Fenglei collaborates with Temasek in private equity fund". Euromoney. 2008-01-08. Retrieved 2022-03-05.
  9. ↑ "Singapore's Temasek in $1 Billion China Fund: WSJ". CNBC. Reuters. 2007-12-05. Retrieved 2022-03-05.
  10. ↑ Barboza, David (2005-07-19). "The New Power Brokers". The New York Times. ISSN 0362-4331. Retrieved 2022-03-05.
  11. ↑ Rabinovitch, Jamil Anderlini and Simon (2013-05-02). "China's Most Prominent Financier Launches $2 Billion Fund". www.cnbc.com. Retrieved 2022-03-05.
  12. ↑ "Property demand in China stable despite turbulence: Fang Fenglei". Nikkei Asia. Retrieved 2022-03-05.
  13. ↑ "Exclusive: China investment guru Fang targets comeback with $2 billion Hopu II fund". Reuters. 2013-05-02. Retrieved 2022-03-05.
  14. ↑ "Where angels tread". chinadailyhk. Retrieved 2022-03-05.
  15. ↑ "Anna Fang". Forbes. Retrieved 2022-03-05.
  16. ↑ McGregor, James (2009-09-10). Entender China (in Spanish). Ediciones Robinbook. ISBN 978-84-9917-020-6.
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