Frances Yung

Frances Yung Ming-fong (born 1972 with family roots in Wuxi, Jiangsu) was the director of Group Finance Department of CITIC Pacific. She is 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]

Frances Yung Ming-fong
Born1972
OccupationDirector of Hong Kong Eastern Harbour Tunnel Company

2008 CITIC Pacific foreign exchange losses
Main article: CITIC Pacific ยง 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.[2]

References
  1. "Frances Yung Ming-fong". Archived from the original on 2008-10-24. Retrieved 2008-10-22.
  2. How much did daddy's girl know?


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