VICTOR Fung Kwok-king, chairman of trading house Li & Fung and the Trade Development Council, has been voted Businessman of the Year.
The award, sponsored by DHL International and the South China Morning Post, is given in recognition of excellence in business.
In accepting the award, Mr Fung said Hong Kong was going through a smooth and well-organised transition.
Mr Fung was selected by a panel of 12 of the territory's top businessmen, chaired by Brigadier Ian Christie.
The panel assessed the financial performance of the companies under the businessman's control, his overall management skills, and his contribution to the territory's development.
Po Chung, chairman of DHL and a member of the panel, said Mr Fung had made major contributions to his company's development.
Brig Christie said: 'Mr Fung met very clearly the demanding criteria for that category [Businessman of the Year] and was unanimously acclaimed by the judges for the award.' Mr Fung has transformed Li & Fung, Hong Kong's oldest Chinese trading company, into a multinational export trading organisation with more than 2,000 staff and a turnover of HK$6.13 billion last year.
