Businessman Chiang Chen, a well-known industrialist and philanthropist, died at the age of 100 along with family members on March 13.
Born in Heze, Shandong Province, China, to a poor family, Chiang’s story is an epic illustration of the story “from rags to riches”; the remarkable story of a self-made man.
Starting with a capital of only HK$200, he transformed his machine shop – Chen Hsong Machinery Shop – into the world’s largest injection molding machine manufacturer – Chen Hsong Group.
In 1966, Chiang developed the first 10oz in-line plastic injection molding machine in Hong Kong – a remarkable achievement for the industry at the time, which also earned him the fame of “King of Molding Machines”. by plastic injection”.
The Chen Hsong Group grew rapidly under Chiang’s leadership and was listed on the Hong Kong Stock Exchange in 1991 as one of the world’s leading manufacturers of plastic injection molding machines.
Besides being a leading industrialist in Hong Kong, he was among the first group of industrialists to invest in mainland China, establishing a joint venture factory for plastic injection molding machinery in Shunde, Guangdong province, as early as 1986.
Chiang firmly adheres to his motto “to enrich people’s livelihood through industry, strengthen the country through a prosperous society”.
In 1990, he donated his entire stake in the Chen Hsong Group to the Chiang Chen Industrial Charity Foundation – a charitable fund whose charter is to promote the technical education and training of Chinese industrial talent and industry leaders. industry, as well as supporting China’s development. industrial seat.
In its more than 30 years of existence, a total of over HK$400 million has been donated and the foundation is now one of the largest Hong Kong-based charities dedicated to the education and development of Chinese industrial manufacturing talents.
Chiang will be remembered as “the city’s pioneering philanthropic industrialist as well as a true master in industrial machinery,” Chen Hsong Group said in a March 14 statement.
In the 1990s, Chiang was appointed Hong Kong Affairs Advisor to advise the Chinese government. He was awarded the Grand Bauhinia medal in 2005 by the SAR government.
Chiang is survived by his wife, six daughters, one son and grandchildren. His best-known children are his second daughter Ann Chiang Lai-wan, a former pro-establishment lawmaker, and his third daughter Agnes Chiang Lai-ping, a famous singer in the 1980s.
On Tuesday, Chief Executive Carrie Lam Cheng Yuet-ngor expressed deep sadness over Chiang’s passing.
Lam said Chiang was a pioneer in Hong Kong’s industrial development, with distinguished achievements in machinery and industry, and an assumed leading role in trade.
“He has made outstanding contributions to Hong Kong’s economic development and was one of the first patriotic businessmen to invest and establish businesses on the mainland after the country’s reform and opening-up,” the official said. Chief Executive in a statement.