Ho Ching

Ho Ching (Chinese: 何晶; pinyin: Hé Jīng; Wade–Giles: Ho² Ching¹; Cantonese Yale: Hòh Jīng; born 27 March 1953) is a Singaporean business executive—the chief executive officer of Temasek Holdings (since 2004).[1]

Ho Ching
何晶
Spouse of the Prime Minister of Singapore
Assumed role 12 August 2004
Prime Minister	Lee Hsien Loong
Preceded by	Tan Choo Leng
Chief Executive Officer of Temasek Holdings
Incumbent
Assumed office 1 January 2004
Board Chairman	S. Dhanabalan Lim Boon Heng
Executive Director of Temasek Holdings
Incumbent
Assumed office May 2002
Board Chairman	S. Dhanabalan Lim Boon Heng
Preceded by	S. Dhanabalan
Personal details
Born	27 March 1953 Colony of Singapore
Spouse(s)	Lee Hsien Loong ​ (m. 1985)​
Children	Li Hongyi (son) Li Haoyi (son)
Mother	Chan Chiew Ping
Father	Ho Eng Hong
Relatives	Ho Sing (brother) Ho Peng (sister)
Residence	Singapore
Alma mater	National University of Singapore Stanford University
Occupation	Business executive
Profession	Electrical Engineer

She is married to the current prime minister of Singapore, Lee Hsien Loong. Ho first joined Temasek Holdings as a director in January 2002, then became its executive director in May 2002, and was appointed chief executive officer on 1 January 2004 by then Prime Minister and Emeritus Senior Minister Goh Chok Tong.[2] As of 2020, she is listed as the 30th most powerful woman in the world by Forbes.[3]

Early life

She was born 27 March 1953 in Singapore. Ho completed her secondary education at Crescent Girls' School. She proceeded to become one of the top students for the 'A' level examinations in her cohort at National Junior College, where she was named Student of the Year.[4] She then went to the then-Singapore University (now the National University of Singapore) and graduated in 1976 with a Bachelor of Engineering (Electrical, First Class Honours).[4] In 1982, Ho graduated with a Master of Science (Electrical Engineering) degree from Stanford University.[4]

Career

Ho started her career as an engineer with the Ministry of Defence of Singapore in 1976.[5] In 1983, she became the Director of Defence Materiel Organisation, the defence procurement agency of the Ministry, and concurrently held the position of Deputy Director of Defence Science Organisation. She joined Singapore Technologies in 1987 as Deputy Director of Engineering, and took on various senior responsibilities before becoming its President and Chief Executive Officer in 1997.[4] She is credited with repositioning and growing the group in the five years that she led it. For instance, she was the architect for the formation and listing of Singapore Technologies Engineering as the largest listed defence engineering company in Asia in 1997, and served as its first Chairman.[4]

Ho joined Temasek Holdings as a Director in January 2002 and became its Executive Director in May 2002.[6] The then-chairman of Temasek Holdings, former Cabinet minister S. Dhanabalan, said Ho was the best person for the job because of "a willingness on her part to take calculated risks[7]". She assumed the role of Chief Executive Officer of Temasek on 1 January 2004. She is widely credited with transforming Temasek, an investment company owned by the Government of Singapore, from a Singapore-focused firm into an active investor in Asia and the world.[8] Today, Temasek owns and manages a net portfolio of S$215 billion (US$173 billion) as at 31 March 2013.[9] Ho has a strong track record in public service, notably for having served as chairman of the Singapore Institute of Standards and Industrial Research, and as deputy chairman of the Productivity and Standards Board, and the Economic Development Board.[10] After 17 years at Temasek, she has helped its portfolio grow to over $313 billion.[11]

Honours

In 1995, Ho was conferred the National University of Singapore's Distinguished Engineering Alumnus Award. She is also an Honorary Fellow of the Institution of Engineers, Singapore.[4]

For her public service, she was conferred the Singapore Public Administration Medal (silver, 1985) and the Public Service Star (1996) award by the Singapore Government.[4]

Ho has appeared in many rankings of the most powerful and influential people in the world. In 2007, Ho was picked as one of the "100 most influential men and women" who shaped the world by TIME Magazine.[12] Also in 2007, Forbes magazine ranked her 3rd in its annual list of the world's most powerful women, behind German Chancellor Angela Merkel and China's Vice-Premier Wu Yi. Ho had climbed 33 spots from 36th place in the previous year's list.[13]

In 2011, Ho was included in the '50 Most Influential' ranking by Bloomberg Markets magazine.[14]

In 2013, Ho was ranked ninth on the Public Investor 100 ranking compiled by the Sovereign Wealth Fund Institute.[15]

In 2014, she was listed as the 59th most powerful woman in the world by Forbes.[16] In June, Ho was also awarded the 2014 Asian Business Leaders Award. The annual Asia House award recognises individuals who embody the 'Servant Leader' – economic success and professional excellence accompanied by moral leadership and service to society. Asia House is a centre of expertise on Asia and the leading pan-Asian organisation in the UK.[17] She became the 30th most powerful woman in 2016.[3]

In 2019, she ranked #23 in the Power Women 2019 of Forbes list,[11] while in 2020 she ranked 30th again.[18]

Philanthropy

In her personal capacity, Ho Ching supports various community service and charitable organisations. She has particular interest in special needs education, healthcare and the welfare and development of children. She is the Patron of Assisi Hospice, and the founding Chairman of Trailblazer Foundation Ltd, an IPC charity which provides funding for education, health, sports and community welfare. In March 2014, Ho was inducted into the Singapore Council of Women's Organisations' Singapore Women's Hall of Fame, which honours outstanding women of Singapore in all fields of endeavour.[4]

In August 2016, Ho received positive reviews[19] when, on a state visit to the White House to mark 50 years of bilateral relations between the US and Singapore,[20] she carried a pouch designed by an autistic student from Pathlight School (under its Artist Development Program).[21] Ho is an advisor to the Autism Resource Centre (ARC), a non-profit charity in charge of Pathlight School, and had acquired the pouch at an ARC fundraising event.[22] Ho is also a patron of the Autism Association of Singapore.[23]

Personal life

Ho is the eldest of four children of retired businessman Ho Eng Hong and Chan Chiew Ping.[24][25] She has two brothers and a sister.[26] Her sister Ho Peng is the chairperson of the Singapore Examinations and Assessment Board while the younger brother Ho Sing is executive director of Starhill Global REIT [27] She met her husband, Lee Hsien Loong, the current Prime Minister of Singapore and eldest son of former Singapore Prime Minister Lee Kuan Yew, while starting out in her career at the Ministry of Defence together with former Prime Minister Goh Chok Tong .[28] They married on 17 December 1985 and have two twin sons, Hongyi and Haoyi. Ho is stepmother to Lee's two children from his first marriage—daughter Xiuqi and son Yipeng.[29]

Family tree of Lee Kuan Yew

Lee Bok Boon 1846–1920 Seow Huan Neo 1850–c. 1931 Lee Hoon Leong 1871–1942 Ko Liem Nio 1883–1959 Lee Chin Koon 1903–1997[30] Chua Jim Neo 1907–1980 Lee Kuan Yew 1923–2015 Kwa Geok Choo 1920–2010 Dennis Lee Kim Yew 1925-2003[31] Gloria Lee (Woo) Sau Yin[32] Freddy Lee Thiam Yew 1927-2012[33] Eleanor Ngo Puay Chin[32] Monica Lee Kim Mon b. 1929 or 1930[34] George Chan Chor Cheung[32] Dr Lee Suan Yew b. 1933[35] Pamela Chong[32] Wong Ming Yang 1951–1982 Lee Hsien Loong b. 1952 Ho Ching b. 1953 Lee Wei Ling b. 1955 Lee Hsien Yang b. 1957 Lim Suet Fern b. 1957 Li Xiuqi b. 1981 Li Yipeng b. 1982 Li Hongyi b. 1987 Li Haoyi b. 1989 Li Shengwu b. 1985 Li Huanwu b. 1986 Li Shaowu b. 1995

References

1. Jim Rogers (3 May 2007). "Ho Ching – The TIME 100". Time. Archived from the original on 5 May 2007. Retrieved 5 May 2007.
2. "Untitled" (PDF). Archived (PDF) from the original on 17 March 2014. Retrieved 17 March 2014.
3. "World's Most Powerful Women". Forbes. Archived from the original on 28 June 2014. Retrieved 17 November 2016.
4. "Singapore Women's Hall of Fame: Ho Ching". Archived from the original on 23 March 2014. Retrieved 23 March 2014.
5. "Temasek: Ho Ching Biography" (PDF). Archived (PDF) from the original on 17 March 2014. Retrieved 17 March 2014.
6. "Temasek: Ho Ching's Biography" (PDF). Archived (PDF) from the original on 17 March 2014. Retrieved 17 March 2014.
7. Webb, Sara (27 July 2007). "Temasek's chief, Ho Ching, likes to take risks". The New York Times. Archived from the original on 6 February 2017. Retrieved 22 February 2017.
8. "Ho Ching takes Temasek to new heights". Archived from the original on 25 September 2013. Retrieved 23 March 2014.
9. "Temasek Investor Factsheet". Archived from the original on 23 March 2014. Retrieved 23 March 2014.
10. "Book SG: Portrait of Madam Ho Ching, circa 1994". Archived from the original on 23 March 2014.
11. "Ho Ching". Forbes. Retrieved 26 March 2020.
12. Jim Rogers (3 May 2007). "Ho Ching – The 2007 TIME 100 – TIME". TIME. Archived from the original on 24 March 2014. Retrieved 23 March 2014.
13. Sheralyn Tay (1 September 2007). "Ho Ching, world's 3rd most powerful woman". TODAY. Archived from the original on 18 October 2007.
14. "Bloomberg Markets Most Influential 50". Bloomberg. 8 September 2011. Archived from the original on 21 February 2014. Retrieved 15 February 2014.
15. "SWF Institute: Ho Ching". Archived from the original on 22 September 2013. Retrieved 11 August 2013.
16. "The World's 100 Most Powerful Women". Forbes. Forbes. Archived from the original on 25 June 2014. Retrieved 26 June 2014.
17. "The Temasek story: Growing with Singapore". Archived from the original on 7 January 2015. Retrieved 8 April 2015.
18. "Ho Ching". Forbes. Retrieved 16 December 2020.
19. "$11 pouch steals limelight at White House". BBC News. 4 August 2016. Archived from the original on 23 June 2018. Retrieved 28 February 2018.
20. https://apnews.com/article/dff9e7c3ca7847548ee6682df27187bc
21. "Ho Ching's White House purse designed by autistic youth". The New Paper. 4 August 2016. Archived from the original on 28 February 2018. Retrieved 28 February 2018.
22. "'Overwhelming' demand for Pathlight pouch after Ho Ching carries it to White House". TODAYonline. Archived from the original on 1 March 2018. Retrieved 28 February 2018.
23. "Management – Autism Association (Singapore)". Archived from the original on 28 February 2018. Retrieved 28 February 2018.
24. Southeast Asian Personalities of Chinese Descent: A Biographical Dictionary, Volume I & II. Institute of Southeast Asian Studies. 2012. p. 334.
25. "Katagogi.com | Family Roots and Heritage". Archived from the original on 6 March 2016. Retrieved 19 September 2018.
26. Rahim, Farah Abdul (24 May 2005). "Many turn up to pay last respects to the late mother-in-law of PM Lee". Channel NewsAsia. Archived from the original on 27 May 2005. Retrieved 30 July 2017.
27. "YTL Pacific Star hires Ho Ching's brother". The Edge Financial Daily. Archived from the original on 30 July 2017. Retrieved 30 July 2017.
28. Webb, Sara (27 July 2007). "Temasek's chief, Ho Ching, likes to take risks". The New York Times. Archived from the original on 6 February 2017. Retrieved 22 February 2017.
29. Hoe, Irene (18 December 1985). "When Xiu Qi almost stole the show". The Straits Times. Archived from the original on 6 October 2017. Retrieved 5 October 2017.
30. Chua, Alivin. "Lee Chin Koon". Singapore Infopedia.
31. "Kuan Yew's brother Dennis dies". Archived from the original on 8 January 2019. Retrieved 8 January 2019.
32. "Mr. Lee Kuan Yew, Prime Minister of Singapore, and his family, 1989 – BookSG". National Library Board, Singapore. Archived from the original on 4 March 2016. Retrieved 25 February 2016.
33. "Lee Kuan Yew bids farewell to brother". Archived from the original on 20 February 2014. Retrieved 31 January 2014.
34. "The Lee Kuan Yew I remember: His sister Monica Lee, 85". Archived from the original on 8 January 2019. Retrieved 8 January 2019.
35. Lee Kuan Yew (1998). The Singapore Story. Singapore: Marshall Cavendish.

External links

• The Singapore Story: Memoirs of Lee Kuan Yew
• Lee Kuan Yew | Articles Speeches and Interviews – Lee Kuan Yew 李光耀