Nan Fung Group is a privately held group of companies carrying on the business of property development as its core business

Core business

The core business of an organization is an idealized construct intended to express that organization's "main" or "essential" activity.The corporate trend in the mid-20th Century of acquiring new enterprises and forming conglomerates enabled corporations to reduce costs funds and similar investment...

 in Greater China

Greater China

Greater China is a term used to refer to mainland China, Hong Kong, Macau and Taiwan. As a "phrase of the moment", the precise meaning is not entirely clear, and people may use it for only the commercial ties, only the cultural actions, or even as a euphemism for the Two Chinas, while others may...

 including shipping

Shipping

Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...

, textiles and financial services

Financial services

Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

. It is also one of the leading property developers and largest privately held developers in Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

.

Nan Fung was founded in 1954 by Ningbo

Ningbo

Ningbo is a seaport city of northeastern Zhejiang province, Eastern China. Holding sub-provincial administrative status, the municipality has a population of 7,605,700 inhabitants at the 2010 census whom 3,089,180 in the built up area made of 6 urban districts. It lies south of the Hangzhou Bay,...

-born businessman, Mr. Chen Din Hwa

Chen Din Hwa

Chen Din-hwa , is a Hong Kong industrial tycoon, billionaire and philanthropist. He is regarded as the Magnate of Cotton Yarn in Hong Kong.-Life:...

, as small textile

Textile

A textile or cloth is a flexible woven material consisting of a network of natural or artificial fibres often referred to as thread or yarn. Yarn is produced by spinning raw fibres of wool, flax, cotton, or other material to produce long strands...

 firm in Hong Kong. In 1978, it developed its first major private housing estate

Private housing estate

A private housing estate is a term in Hong Kong that refers to a housing estate developed by a private developer, as opposed to a public housing estate built by the Hong Kong Housing Authority or the Hong Kong Housing Society. It usually is characterised with a cluster of high-rise buildings,...

, Nam Fung Sun Chuen

Nam Fung Sun Chuen

Nam Fung Sun Chuen , built 1978, is a private apartment estate in Quarry Bay, Hong Kong Island, Hong Kong. Consisting of 12 buildings distributed along Greig Road and Greig Crescent with a car park at centre of the development, it was developed by Nam Fung Development...

, in Quarry Bay

Quarry Bay

Quarry Bay is an area beneath Mount Parker in the Eastern District of Hong Kong Island, in Hong Kong. The western portion of the area was also formerly known as Lai Chi...

, Hong Kong.