Li Xiuheng, a Hong Kong industrial and commercial tycoon, permanent honorary president of the Manufacturers' Association, executive chairman of the Hong Kong Federation of Literary and Art Circles, former member of the National Committee of the Chinese People's Political Consultative Conference, and chairman of Jinbao Group, died of illness on March 25 at the age of 69.
According to media reports, on the morning of March 26, the news suddenly came that Dr. Li Xiuheng had passed away due to illness. It was shocking and unbelievable because he still met with the media before the Lunar New Year to introduce the results of the revitalization of his industrial building in Wong Chuk Hang. The renovated building will become his private museum, office, hotel... He is still passionate and ambitious about art collection and photography.
The obituary issued by Jinbao Group on March 26 is as follows:
Dr. Li Xiuheng, chairman of Jinbao Group, passed away on March 25, 2024. Dr. Li suffered a stroke three weeks ago and was hospitalized for treatment. He passed away peacefully yesterday surrounded by his family and close friends.
Dr. Lee’s family sincerely thanks all sectors of society for their care and concern during this period. We also thank everyone for their strong support to Dr. Lee over the past decades, providing valuable advice and assistance in career and social services.
Our colleagues will adhere to the strategies set by Dr. Li and continue to actively promote the company's business.
Details of related funeral matters will be announced later.
Jinbao Group
26 march 2024
People from all walks of life in Hong Kong deeply mourn the sudden death of
Li Xiuheng, which has attracted the attention and memory of all walks of life in Hong Kong society.
Hong Kong SAR Chief Executive Lee Ka-chiu said on March 26, "I have known Dr. Li Sau-hang for many years. Dr. Li Sau-hang is a successful business leader and outstanding industrialist. He has held senior positions in many Hong Kong chambers of commerce and is committed to promoting Hong Kong's industrial and commercial community. Development. He has served as a member of the National Committee of the Chinese People's Political Consultative Conference, President of the Chinese Manufacturers' Association of Hong Kong, President of the Hong Kong Economic and Trade Chamber, Executive President of the Hong Kong Federation of Literary and Art Circles, etc. He has also actively participated in a number of government advisory and statutory organizations to provide advice and suggestions for the development of the country and the SAR. Li Dr. Xiuheng has been enthusiastically participating in public and social services for a long time and has made great contributions in the economy, culture, youth development and other aspects. He was awarded the Golden Bauhinia Star in 2017."
Li Jiachao said, "Dr. Li Xiuheng's sudden death is a great blow to Hong Kong society. It is a great loss. I express my deep condolences for the passing of Dr. Li Sau-hang, and on behalf of the Hong Kong Special Administrative Region Government, I would like to extend my deep condolences to his family."
Hong Kong Financial Secretary Paul Chan Mo-po said: "Dr. Li Sau-hang has been committed to promoting In the development of Hong Kong's industry and commerce, I have served as the president of the Chinese Manufacturers' Association of Hong Kong and the Hong Kong Economic and Trade Association, as well as a member of a number of government statutory and advisory organizations. I have actively provided advice and suggestions, supported government policies, and made a lot of contributions to Hong Kong's industrial and commercial community. I I express my deep condolences for the passing of Dr. Li and sincere condolences to his family."
Hong Kong Secretary for Security Tang Ping-keung said on the 26th, "Dr. Li Xiuhang passed away yesterday. I am deeply shocked and sad. In addition to expressing my condolences to Eddy's family, My deepest condolences, I would like to pay my final tribute to this good friend. Thank you for completing the 'mission' album for the disciplined forces with the greatest enthusiasm and for giving us unlimited support at all times. Good friend, your kindness I will keep it in my heart forever."
Mr Yeung Yun-hung, Secretary of the Hong Kong Culture, Sports and Tourism Bureau, said: "Dr. Li Xiuhang is a collector of cultural relics who loves Chinese culture and loves photography. He has been committed to promoting the development of art for many years and has spared no effort to preserve Chinese cultural relics. The Cultural Committee put forward many valuable opinions. We are deeply saddened by the passing of Dr. Li Xiuhang."
Ning Hon-ho, Secretary for Development of Hong Kong, said: "Dr. Li Xiuhang has always been concerned about Hong Kong affairs and promoted the revitalization of old industrial buildings and development areas. He has made great contributions to innovation. Dr. Lee's enthusiasm for serving Hong Kong and his proactive attitude towards progress are admirable. I express my condolences for Dr. Lee's passing and extend my deep condolences to his family."
Secretary for Commerce and Economic Development, Hong Kong Yau Ying-wa said: "Li Xiuhang has spared no effort in promoting the development of Hong Kong's industry and commerce, and has long been actively involved in public services, including the work of advisory committees such as the Trade Development Council and the Productivity Council, and provided valuable advice. He has performed outstandingly and contributed a lot to promoting the development of the industrial and commercial community."
Huang Ziqian, an unofficial member of the Hong Kong Children's Commission, said that Li Xiuhang passed away suddenly, and his friends around him were extremely shocked and sad. "On the 29th of last month, Eddy was invited to attend the 'Hong Kong Federation of Literary and Art Circles' Year of the Dragon Spring Festival Gala, and he said hello when leaving the event We will meet again in March. I never thought that after this farewell, it would be forever."
Huang Ziqian commented that Li Xiuheng is willing to support his younger generations. He is grateful to Li Xiuheng for his trust and support for him. He also said: "Eddy is optimistic and positive. He is popular and has made great contributions to the country and Hong Kong. He is worth learning from us. "
From ordinary clerk to "watch king"
Public information shows that Li Xiuheng is the "watch king" in Hong Kong. He once served as the president of one of the four major chambers of commerce in Hong Kong - the Hong Kong Chinese Manufacturers Association.
According to "People's Daily Overseas" Edition" previously reported that Li Xiuheng started as an ordinary clerk in a foreign company, worked as a salesman in the Hong Kong branch of a Japanese watch company, and then became the chairman of Hong Kong Jinbao International Co., Ltd. Li Xiuheng, who was born in 1954, struggled all the way. , witnessed the "golden age" of Hong Kong's economic boom and industrial development, and also practiced the Lion Rock spirit of a generation of Hong Kong people who "dare to fight hard and conquer the rough terrain". He constantly seeks change, innovation, and perfection, and strives to write The Legend of Xiangjiang.
In 1987, Li Xiuheng saw the business opportunity of quartz electronic watches, spent hundreds of thousands of Hong Kong dollars to introduce Japanese technology and equipment, set up a factory, and successfully counterattacked Japan. In 1995, Hong Kong's watch exports accounted for 70% of the world's watch exports, beating old Switzerland and emerging Japan, ranking first in the world's watch exports.
In 1997, Hong Kong returned. Li Xiuheng, the leader in Hong Kong's watch industry, also set his sights as Hong Kong's industry transformed into a service-oriented economy. Investing in the rising real estate industry, and focusing on the development of old factory renovations. Li Xiuheng, who has an extremely sensitive business sense, converted pieces of factory land into office buildings and hotels, and the profitable property management became the second largest economy of Jinbao International Co., Ltd. Pillar.
In 2000, Li Xiuheng was awarded the Bronze Bauhinia Medal of Hong Kong. As an "expert" on economic issues, Li Xiuheng has served as a consultant for the Chinese studies courses of City University of Hong Kong and Hong Kong Baptist University, and has been admitted to Capital University of Economics and Business and Xi'an Jiaotong University. He was appointed as a visiting professor by other universities. In 2017, he was awarded the Golden Bauhinia Star of the Hong Kong Special Administrative Region. (According to Xiaoxiang Morning News)
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