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.^[2]

Frances Yung Ming-fong
Born	(1972-12-07) December 7, 1972 (age 52) British Hong Kong
Citizenship	Canada  Hong Kong  People's Republic of China
Children	5
Father	Larry Yung Chi-kin
Relatives	Rong Yiren (grandfather)[1]

Personal life

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^{[dead link]}.^[3]

Yung has a residence at 740 Park Avenue in Manhattan valued at $200 million.^{[dead link][3]}

2008 CITIC Pacific foreign exchange losses

Main article: CITIC Pacific § 2008 foreign exchange losses controversy

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.^[3]