Founded in Hong Kong in 1988, Fu Wah International Group (Fu Wah) has developed into a diversified multinational enterprise characterized by high-end commercial property development and management, and arts & culture development in recent 30 years.
Chan Laiwa, founder of Fu Wah, is a member of the CPPCC National Committee and Vice Director of the Committee for Liaison with Hong Kong, Macao, Taiwan and Overseas Chinese of the CPPCC National Committee. Ranked as one of the "100 Most Influential People" by Time magazine in 2012, she has long enjoyed the glorious reputation of “patriotic HK businesswoman”.
Chiu Yung, President of Fu Wah, is a member of the Standing Committee of the CPPCC Beijing Municipal Committee and Vice Chairman of the China Federation of Overseas Chinese Entrepreneurs. He has been involved in and led the founding and development of Fu Wah since 1989. Under his leadership, Fu Wah has developed into a multinational group engaged in a wide range of businesses such as property, cultural relics and museums, capital management, health industry and overseas investment.
Property Development and Management - Since 1993, Fu Wah has gradually opened up a path of "whole high-end property industry platform". Most prominently, it constructed Chang An Club, the first top business club in China’s mainland and Jinbao Street, a high-end business street connected to Wangfujing Business Street, which has become the most representative international modern business street in China.
Since 2010, Fu Wah has joined the construction and development of Beijing's city sub-center, and invested heavily in developing and building World Chamber of Commerce Center, Beijing Chang'an Fountain and Beijing Canal Watertown, thus becoming a business model for the construction of the core area of Beijing's city sub-center.
Arts & Culture Development - Currently, in the field of arts & culture development, Fu Wah boasts several unique business types in the world. Fu Wah invested hundreds of millions yuan in establishing the world's first and largest classical furniture museum-China Red Sandalwood Museum in 1999. Fu Wah's red sandalwood-carved art treasures like "Hall of Prayer for Good Harvest in the Temple of Heaven", "Pavilion Endowed with Pines and Cypresses in the Imperial Palace" and "Qianqiu Pavilion in the Imperial Palace" were collected by national museums in the U.S., France, Germany, Japan and other countries. 16 "Ancient Beijing City Gate Towers" made of dark red sandalwood exclusively owned by Fu Wah have been completed.
Overseas Development - With the proposition of the national "Belt and Road" Initiative, Fu Wah has developed overseas markets actively. After acquiring Park Hyatt Melbourne in Australia in 2014, initiating the construction of Park Hyatt Auckland and launching the preliminary work of Waterfront Auckland CBD Apartment in March 2016, Fu Wah invested in Silver Fern Railcar, a new luxury railcar tour project in New Zealand in July 2017, taking a steady step on the way to building a whole tourism chain platform in the southern Pacific region.
Medical and Health R&D - In May 2017, Laiwa & Ferid (Beijing) Biotechnology Inc. was listed on NEEQ as the first listed company of Fu Wah, marking the entry of Fu Wah into a fast track of industrial operation and capital operation.