# Yung's Enterprise Holdings Yung's Enterprise Holdings is a Single Family Office based in Hong Kong, Hong Kong. ## Overview - **Organization type:** Single Family Office - **Headquarters:** Hong Kong, Hong Kong - **Region:** Asia - **Address:** Hong Kong, Hong Kong - **Assets under management:** Undisclosed ## Regulatory record - **Reports private funds:** No ## About Yung's Enterprise Holdings is the private investment vehicle for Larry Yung Chi-kin, the former chairman of CITIC Pacific whose personal fortune was forged during Hong Kong's transformation into a global financial center. The firm operates from the family's asset base, which includes the DCH Commercial Centre in Quarry Bay and a substantial mixed-use real estate portfolio in Shanghai. Larry Yung, son of the industrialist Yung Hsiao-tien, led CITIC Pacific's aggressive expansion into steel, property, and infrastructure before the 2008 currency-hedging losses reshaped the family's financial architecture. The office's primary mandate is capital preservation and intergenerational wealth stewardship across a deliberately diversified set of asset classes. The family office deploys capital across private equity, real estate, and public markets, with a demonstrated preference for direct real estate holdings and fund commitments rather than venture-style direct company investments. The portfolio's core real estate anchors are visible on Hong Kong's Eastern District skyline, most notably the DCH Commercial Centre at 25 Westlands Road, Quarry Bay. The firm has also maintained a mixed-use portfolio in Shanghai, reflecting a geographic focus that spans Greater China with selective exposure to North America and the Middle East. Emerging sector interests include PropTech and Healthcare Services, with a technology bias toward biotechnology applications. The operating team has historically included both family and trusted business associates. Carl Yung Ming-jie, Larry Yung's son, has been involved in the family's investment activities, representing the second generation's participation in the office. The office maintains additional lifestyle assets including an aviation fleet with a Bombardier Global Express and Cessna Citation Bravo, and an active Hong Kong Jockey Club racehorse collection, reflecting the Yung family's deep ties to Hong Kong's business and social elite. Larry Yung has served as a Steward of the Hong Kong Jockey Club and Chairman of the Hong Kong Golf Club. The family office maintains a philanthropic track distinct from its investment operations through the Hong Kong Institute for Promotion of Chinese Culture, signaling a generational focus on cultural legacy alongside financial preservation. The transition of an industrial and conglomerate fortune into a disciplined single-family office focused on real assets and fund allocations is the institution's defining structural feature — a pattern common among first-generation Asian industrialists but executed here with particular emphasis on directly owned Hong Kong commercial property as the defensive core of a post-crisis family balance sheet. ## Sectors - Real Estate - PropTech - Healthcare Services ## Offices - Shanghai, China ## People - Larry Yung Chi-kin — Founder - Carl Yung Ming-jie — Family Member - Francis Leung Pak-to — Former Vice-Chairman and Managing Director ## Questions ### Who runs investment decisions at Yung's Enterprise Holdings? The office blends family leadership with professional management. Founder Larry Yung Chi-kin retains ultimate oversight of the family's wealth strategy. His son, Carl Yung Ming-jie, is involved in investment activities, while Francis Leung Pak-to has served as Vice-Chairman and Managing Director, providing operational leadership. This structure reflects a common Asian family-office model where trusted associates from the founder's corporate career manage day-to-day operations alongside the next generation. ### How did the wealth behind Yung's Enterprise Holdings originate? The wealth stems from Larry Yung Chi-kin's decades at the helm of CITIC Pacific, the Hong Kong-listed conglomerate he turned into a sprawling industrial, infrastructure, and property group. The family fortune was significantly reshaped in 2008 when CITIC Pacific revealed $4.2 billion in losses from unauthorized currency derivative bets, leading to a bailout by its state-owned parent. The family office now preserves the remaining wealth through a conservative, asset-backed strategy. ### What is the firm's primary investment focus? The office is anchored by direct real estate holdings, particularly commercial property in Hong Kong and residential and mixed-use assets in Shanghai. Beyond property, the firm allocates to private equity funds and public-market securities. Sector-specific interests include PropTech and Healthcare Services, with a leaning toward biotechnology. The overall posture is defensive, prioritizing capital preservation over high-growth venture-style deployment. ### Is the Yung family office affiliated with CITIC Group today? Yung's Enterprise Holdings operates independently of CITIC Group. Larry Yung stepped down as chairman of CITIC Pacific in 2009 following the 2008 derivatives scandal and the subsequent state-led restructuring. His family office manages personal wealth that is structurally separate from the state-owned conglomerate, though the reputation and relationships built during his CITIC tenure remain part of the family's legacy. ### Does Yung's Enterprise Holdings maintain philanthropic structures? Yes, the family operates the Hong Kong Institute for Promotion of Chinese Culture, a philanthropic vehicle focused on cultural heritage and education. This entity is separate from the investment office and represents the family's long-standing interest in Chinese cultural preservation. Larry Yung has also been active in Hong Kong's civic life through leadership roles at the Hong Kong Jockey Club and Hong Kong Golf Club. ## Related profiles - [Yousef M.A Naghi & Sons Group](https://altss.com/profile/yousef-ma-naghi-and-sons-group) - [D'Orazio Holdings](https://altss.com/profile/dorazio-holdings-llc-dorazio-family-office) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/yungs-enterprise-holdings Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology