Frances Yung

Frances Yung Ming-fong (born 1972) is currently a Managing Director at Yung's Enterprise. She brings experience from previous roles at CITIC Pacific and Citadel LLC. She was the director of Group Finance Department of CITIC Pacific, the deputy chairman of CITIC Pacific Communications Limited and the director of Hong Kong Eastern Harbour Tunnel Company. She is the daughter of Larry Yung Chi-kin, the former chairman of CITIC Pacific.^[1]

Yung’s first marriage, to Brian David Li Man-bun, ended in divorce in 1999, they have three children. She later married Hu Haifeng, the couple have two daughters, both of whom were educated at The Brearley School Lower School in Manhattan, and later graduated from Institut auf dem Rosenberg with IB Diploma^[2].

In October 2008, Yung and other two senior executives were involved in an unauthorized foreign exchange deals in CITIC Pacific, which caused a HK$15.5 billion loss in the company. Then she was removed from the finance department and demoted with a salary cut, confirmed by Henry Fan, the CITIC Pacific's managing director.^[2]