CE Expresses Deep Sorrow Over Passing Of Hu Ka-kuang

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-06-08 HKT 10:03

Share this story

facebook

  • Hu Fa-kuang was awarded the Grand Bauhinia Medal in 2016. File photo: Information Services Department

    Hu Fa-kuang was awarded the Grand Bauhinia Medal in 2016. File photo: Information Services Department

Chief Executive Carrie Lam on Wednesday expressed deep sorrow over the death of renowned entrepreneur, Hu Fa-kuang.

Dubbed Hong Kong's "elevator king", the founder of Ryoden Development passed away on Saturday at the age of 98.

In a statement, Lam said she is saddened by Hu's passing.

"Mr Hu was a successful entrepreneur, with great achievements made and respect commanded in the business sector. Over the last century, he was committed to public and community service,” she said.

“Through his work as a member of the Legislative Council and the Urban Council and a Hong Kong Affairs Advisor, as well as in other public positions, he made exemplary efforts in fostering the continuous development of Hong Kong.”

The CE also highlighted Hu’s contributions to Hong Kong’s sports development.

“With his passion in sports, he was particularly supportive of the activities of various sports associations and significantly contributed to the sports development of Hong Kong. He was awarded the Grand Bauhinia Medal by the Government of the Hong Kong Special Administrative Region (HKSAR) in 2016."

Separately, acting home affairs minister Jack Chan also sent his condolences to Hu’s family.

"With great passion in sports, Mr Hu has been proactively promoting the sports development in Hong Kong and made tremendous contributions over the past decades. His departure is a huge loss for the sports sector and he will be truly missed,” Chan said.

RECENT NEWS

SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion

SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more

4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA

The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more

Ripple Launches RLUSD Stablecoin In Japan Through SBI Group

Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more

SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan

SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more

Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences

Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more

European And South Korean Banks Form Project Pangea For FX Settlement

Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more