About Us
About Us

Message from the Director

Family businesses are significant worldwide. In Europe, histories of family businesses and their influences transcend centuries; in the United States, 35% of listed firms in the Standard & Poor's 500 are family-owned; here in Hong Kong, nearly 70% of listed firms are family-owned, while over 60% of GDP in Mainland China is contributed by family businesses, and their speed of wealth creation surpassed other parts of the world in recent years.

Despite its importance, studies of family business in the Asia region has yet to receive attention than it should have had. The research of family business and entrepreneurship published in top journal is mostly conducted in the western perspectives.  Few well-recognized academic studies address issues in Asia, and fewer of them have practical implication.  Through high-quality practical research, education and events, the Center seeks to become the world’s leading research institution for Asian family business and entrepreneurship, especially Chinese family business.

With its multi-disciplinary nature, family business is a challenging subject requiring knowledge from, but not limited to finance, management, entrepreneurship, social science, and law studies. It takes years of effort to build it into a core area of study in higher education institution, which is exactly the direction that our Center is heading to.

My greatest gratitude to the Founding Director of our Center Prof. Roger King for his visionary and instrumental role in the first ten years of the Center, and to Tanto Foundation which has rendered support and donation to the Center since 2012.

May I invite you to join us in the efforts to support the Asian family business research and its educational activities, for betterment of the world as a whole.

Prof. Winnie Peng, PhD

Director of Tanoto Center for Asian Family Business and Entrepreneurship Studies

HKUST Business School 

Winnie Peng, PhD
Prof. Winnie Peng, PhD

Director of Tanoto Center for Asian Family Business and Entrepreneurship Studies

HKUST Business School

Mission and Objectives

The Tanoto Center for Asian Family Business and Entrepreneurship Studies is a leading research center in the burgeoning field of Asian family business and entrepreneurship studies, bridging the knowledge gap between academics, practitioners and policymakers in all of its programs and activities. The Center focuses on ethnic Chinese family businesses as a dynamic and influential network contributing to the world's economy. Recognizing the multi-disciplinary nature of the field of family business and entrepreneurship, the Center collaborates with leading families, practitioners, various academic departments at HKUST and institutions around the world to achieve the following objectives:

  1. Conduct quality academic research and case studies on Asian family businesses;
  2. Provide custom and open programs and EMBA and MBA courses in family business; and
  3. Organize academic and industry symposiums and roundtables

Mission and Objectives

People

Professor Winnie PENG 彭倩教授
Professor Winnie Qian PENG
  • Director, Tanoto Center for Asian Family Business and Entrepreneurship Studies
  • Director, Thompson Center for Business Case Studies
  • Associate Professor of Business Education, Department of Finance
Roger King, PhD
Professor Roger KING
  • Senior Advisor and Founding Director, Tanoto Center for Asian Family Business and Entrepreneurship Studies
  • Senior Advisor and Founding Director, Thompson Center for Business Case Studies
  • Adjunct Professor of Finance
Ms. Tracy Wan
Ms. Tracy WAN
  • Manager
  • Tanoto Center for Asian Family Business and Entrepreneurship Studies
Dr. CHO Jaeyoung
  • Research Associate
Miss CHEN Yan, Andrea
  • Research Assistant

Advisory Committee

The purpose of the Advisory Committee is to offer strategic advice on the development of the Center. The Committee recommends necessary strategies for research, education and events. The Committee connects the Center with key stakeholders and resources to achieve the vision and the objectives of the Center.

Industry Advisors

Mr Robert DORFMAN  (Committee Chair)
Mr Robert DORFMAN (Committee Chair)
  • Chairman, Herald Holdings Ltd. 
Ms Sabrina W. FUNG
Ms Sabrina W. FUNG
  • Executive Director, Fung Retailing Limited
Mr Eddy W.M. LEE
Mr Eddy W.M. LEE
  • Director, Lee Kum Kee Company Limited
  • Director, Lee Kum Kee Health Products Group Limited
  • Chairman, Lee Kum Kee Family Office
  • Chairman, Lee Kum Kee Family Investments Limited
Mr Maximilian Y.K. MA, M.B.E.
Mr Maximilian Y.K. MA, M.B.E.
  • Chairman, Lee Heng Diamond Group
  • Founder and Chairman, MaBelle Jewellery Co. Ltd.
  • Co-Founder, CoCoon
Mr Philip MARCOVICI
Mr Philip MARCOVICI
Dr James E. THOMPSON, GBS
Dr James E. THOMPSON, GBS
  • Chairman and Founder, Crown Worldwide Group of Companies
Mr Ziwang XU
Mr Ziwang XU
  • Chairman, CXC Captial

Academic Advisors

Professor CHEN Ling
Professor CHEN Ling
  • Professor for Family Business and Business History
  • Director, Institute for Entrepreneurs, School of Management, ZJU
  • Associate Director, Academy of Global Zheshang Entrepreneurship, ZJU
  • Director, Institute of Family Business, City College, ZJU
Professor Jess CHUA
Professor Jess CHUA
  • Professor Emeritus of Finance and Family Business Governance, University of Calgary
  • Professor, Lancaster University 

  • Professor of Family Business, Zhejiang University

Industry Advisors

Mr Robert DORFMAN  (Committee Chair)
Mr Robert DORFMAN (Committee Chair)
  • Chairman, Herald Holdings Ltd. 
Ms Sabrina W. FUNG
Ms Sabrina W. FUNG
  • Executive Director, Fung Retailing Limited
Mr Eddy W.M. LEE
Mr Eddy W.M. LEE
  • Director, Lee Kum Kee Company Limited
  • Director, Lee Kum Kee Health Products Group Limited
  • Chairman, Lee Kum Kee Family Office
  • Chairman, Lee Kum Kee Family Investments Limited
Mr Maximilian Y.K. MA, M.B.E.
Mr Maximilian Y.K. MA, M.B.E.
  • Chairman, Lee Heng Diamond Group
  • Founder and Chairman, MaBelle Jewellery Co. Ltd.
  • Co-Founder, CoCoon
Mr Philip MARCOVICI
Mr Philip MARCOVICI
Dr James E. THOMPSON, GBS
Dr James E. THOMPSON, GBS
  • Chairman and Founder, Crown Worldwide Group of Companies
Mr Ziwang XU
Mr Ziwang XU
  • Chairman, CXC Captial

Academic Advisors

Professor CHEN Ling
Professor CHEN Ling
  • Professor for Family Business and Business History
  • Director, Institute for Entrepreneurs, School of Management, ZJU
  • Associate Director, Academy of Global Zheshang Entrepreneurship, ZJU
  • Director, Institute of Family Business, City College, ZJU
Professor Jess CHUA
Professor Jess CHUA
  • Professor Emeritus of Finance and Family Business Governance, University of Calgary
  • Professor, Lancaster University 

  • Professor of Family Business, Zhejiang University