Ronald Li
| Ronald Li Fook-shiu | |
|---|---|
| Chairman of the | |
|
In office 1986–1987 |
|
| Preceded by | New office |
| Succeeded by | Charles Sin |
| Personal details | |
| Born | 1929 Hong Kong |
| Died | 27 December 2014 (aged 85) Hong Kong |
| Nationality | Hong Kong |
| Spouse(s) | Irene Li Hiu-wah |
| Children | Alfred Ronald Kwok-lung Li |
| Alma mater |
Wittenberg University University of Pennsylvania |
| Occupation | Accountant and investor |
Ronald Li Fook-shiu (Chinese: 李福兆; 1929 – 27 December 2014) was the founder and former chairman of the and was dubbed the "Godfather of the Stock Market" in Hong Kong.
Li was born into the prominent banking, political and judicial Li family in Hong Kong in 1929. He was the youngest son of Li Koon-chun. His brother Simon Li Fook-sean was a senior judge and acting Chief Justice of the Supreme Court of Hong Kong. His nephews include former Legislative Councillor David Li Kwok-po, the Bank of East Asia chairman and Arthur Li Kwok-cheung, deputy chairman at the bank, former Secretary for Education and former Dean of the Faculty of Medicine at the Chinese University of Hong Kong, latterly, Chairman of the Council of the University of Hong Kong.
Li was enrolled to the University of Hong Kong in 1946 and soon was sent to the Wittenberg University in the United States. He graduated from the University of Pennsylvania with a Master of Business Administration degree and became a chartered accountant in 1951.
He founded the Far East Stock Exchange with his brother Li Fook-hing in 1969 to break the Hong Kong Stock Exchange's monopoly in the buying and selling of stocks. He was hence called the "Godfather of the Stock Market." In 1986, Li helped merge the Far East Stock Exchange with three other exchanges into the , precursor of today's Hong Kong Exchanges and Clearing, and became its first chairman.
During the Black Monday market crash, he closed the stock market for four days. The Hang Seng Index fell by 33% after the market reopened which drew criticism against Li's decision. He was only elected Vice-Chairman of the Stock Exchange in the end of the year.
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