Tributes to Shum Chun-ying stress loyalty and fairness
HK01 · 3 SOURCESabout 3 hours ago6 MIN
Summary
News of the death of veteran stock commentator Shum Chun-ying (沈振盈), widely known as “Master Shum”, prompted a wave of tributes on Sunday from fellow market commentators and industry figures. Among the most prominent responses, Kwok Siu-chi (郭思治) said online attacks branding Shum a “jinx” were unfair, while Tam Long-wai (譚朗蔚) recalled episodes that, in his view, showed Shum’s loyalty to friends and standing among peers.
Key Points
- Kwok said Shum was warm-hearted, selfless, willing to help friends and juniors, and had no airs despite his reputation in Hong Kong’s investment-commentary circle.
- Kwok recalled once asking to swap television appearance times on a stock-commentary programme, and said Shum agreed immediately; he added they also kept in touch by phone from time to time
- Defending Shum from critics, Kwok said analysts do not have a “crystal ball”, and argued it was unreasonable for netizens to expect every market call to be correct.
- Tam, a co-director at Fulbright Securities, said Shum invited their group to a two-table hotpot meal after SMIC’s share price surged last year, which he saw as proof Shum valued old friends.
- Tam also said that at a spring dinner this year, the stage filled in under half a minute when guests were invited to take photos with Shum, with attendees repeatedly thanking him.
- Other industry figures quoted by Sing Tao included Edmond Financial executive director Man Kam-fai, columnist Tong Ngau and Sincere Securities co-director Cheung Chi-wai, who all described Shum as loyal, polite and helpful to juniors
- Separate coverage by Sing Tao reviewed Shum’s best-known market sayings, including the classic call to leave “not a single share” in 2007 and his long-held optimistic view that the Hang Seng Index could eventually reach 40,000
Why It Matters
For Hong Kong readers, the reaction shows that Shum’s influence extended beyond headline-grabbing market calls to personal relationships within the city’s brokerage and commentary circles. It also revives debate over how retail investors judge public analysts when forecasts go wrong in an uncertain market.