Mourners filled St John's Cathedral yesterday to remember the godfather of Hong Kong's stock exchange, Ronald Li Fook-shiu. Family and friends joined a private ceremony for the former Hong Kong Stock Exchange chairman, who died on December 27 from stomach cancer at the age of 85. "He's very much missed, he made a great contribution to Hong Kong," said Philip Wong Yu-hong, a former legislator and friend of Li. "We would talk regularly and were good friends, so I really miss him today," he added. Li founded the Far East Stock Exchange in 1969. In 1986 he helped manage the merger of Hong Kong's four exchanges into a single bourse. He became the first chairman of the precursor to the current Hong Kong Exchanges and Clearing. "Mr Li has contributed a lot to the Hong Kong securities market," said Eddy Fong, former chairman of the Securities and Futures Commission, as he left the service. Wreaths placed outside the cathedral included those from tycoon Li Ka-shing, Chief Executive Leung Chun-ying and Financial Secretary John Tsang Chun-wah. Li's life was not without scandal. In 1990 Li was given a four-year sentence for taking bribes in return for approving listings. He served 30 months in Stanley Prison where he worked in the prison library. On his release from prison, Li said he would enjoy "golf, films and travel". Kenneth Wong Kai-ming, who was exchange vice-chairman at the time and was acquitted of involvement in the bribery scandal, gave a eulogy for Li. His son, Alfred Li Kwok-lung, also spoke at the service. Ronald Li was reportedly worth HK$10 billion at the time of his imprisonment. His stock portfolio was said to have earned nearly HK$5 million a day during his incarceration. The Li family is one of the city's four most prominent families. Its members hold positions in business, politics and judicial circles. Li's brother, Simon Li Fook-sean, the first Chinese chief justice, died in February 2013 at the age of 91.