Family business is a complex issue, but two members of the HKUST community are showing the world how it’s done. Both Roger King and Derrick Pang have navigated the disruption brought on changes in the economy, technology, and culture. In this feature, we dive into the nuances of how Asian family businesses have evolved, and what it takes to run a successful enterprise as technology reimagines the landscape. Roger King 2006 PhD Finance Derrick Pang 2014 PhD Civil Engineering Core Values Family businesses don’t get the recognition they deserve despite being prominent worldwide. In Europe, they 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 familyowned, and more than 60% of the GDP in the Mainland comes from family business. In the United States: 35% of listed firms in the Standard & Poor's 500 are family-owned In HK: Nearly 70% of listed firms are family-owned In the Mainland: More than 60% of the GDP comes from family business 35% 70% 60% 4 | HKUST Alumni HKUST Alumni | 5 Alumni Stories
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