7 Things You Need to Know About Malaysia’s First Finance Minister, Tun H.S. Lee


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Once we speak in regards to the independence of Malaysia, the primary picture that involves thoughts is the enduring “Merdeka!” declaration by Tunku Abdul Rahman on the Merdeka Sq. on the 31st of August 1957. Malaysia is proud to have so might forefathers that helped our nation obtain independence, and this Merdeka, we’ll be trying on the historical past and background of certainly one of tokoh negara, Colonel Tun Henry Lee Hau Shik (李孝式), or higher often called Tun H.S. Lee!

Listed below are seven issues it’s best to learn about him (particularly in the event you’re Malaysian!). 


1. He’s from a rich enterprise household in Hong Kong

Tun H.S. Lee was born in Hong Kong on the 19th of November 1900. Nevertheless, not like, most immigrants from China, he got here from a rich household background.

He was the eldest son of distinguished businessman Lee Kwai-Lim and Kam Kwok-Chun. His household owned an organization known as Kam Lun Tai, which primarily handled silk commerce, remittance and mining companies.

In 1924, he got here to Malaya to proceed his household enterprise, as said within the ebook, Southeast Asian Personalities of Chinese language Descent. He purchased a tin mine close to Kuala Lumpur after which arrange the Tai Yau firm as a subsidiary of Kam Lun Tai.  

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Hong Kong within the 1920s | Supply: MCLC Useful resource Middle


2. He was appointed as a colonel within the Allied Forces

Tun H.S. Lee was involved with occasions in China throughout the Japanese invasion in 1937. He arrange the Selangor China Aid Fund and liaised with the Kuomintang Social gathering to battle the Japanese occupation in China.  

Because the Japanese forces superior their influences into Malaya, Tun H.S. Lee and his household moved to India as he was sure that he can be focused by the Japanese due to his involvement in anti-Japanese actions.

At the moment, he met the then China’s President, Chiang Kai Shek. Appreciating Leeʼs closeness to Britain, Chiang appointed him a colonel within the Allied Forces wherein he liaised between the British and Chinese language armies alongside the China-Burma border.

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Chiang Kai Shek (first from the left) | Supply: Warfare Historical past Community


three. He helped set up the Malayan Chinese language Affiliation (MCA)

In 1948, nearly all of the Chinese language group was being resettled within the New Villages (Kampung Baru), there was an pressing must have a Chinese language get together to characterize the group.

This concept obtained full assist from the British as they wanted a Chinese language organisation to battle the Malayan Communist Social gathering (MCP)-led rebellion.

Based on The Star, Chinese language guilds and associations from everywhere in the nation held conferences for the next weeks to pick out delegates. Tun H.S. Lee was elected to guide the Selangor delegation. Ultimately, at a gathering on 27 February 1949, MCA was shaped, and Tun Tan Cheng Lock was elected president.

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Tun H.S. Lee (left) with Tun Tan Siew Sin | Supply: The Star


four. He based Malaysian Chinese language-language newspaper, China Press

Tun H.S. Lee had at all times been a powerful anti-communist activist. In 1946, he based the China Press to counter the pro-left Min Sheng Pao, which was then the one native Chinese language newspaper.

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Malayan Communist Social gathering (MCP) Workplace | Supply: Revolvy


5. He was the one Chinese language signatory on the Malayan Independence Settlement

Tun H.S. Lee was one of many key leaders who initiated the UMNO-MCA alliance between the United Malays Nationwide Organisation (UMNO) and MCA that marked the beginning of a permanent interethnic coalition.

Within the 1952 Kuala Lumpur Municipal Council elections, he labored out the UMNO-MCA electoral alliance with Datuk Yahya bin Datuk Abdul Razak, a Selangor UMNO chief, to contest towards the Independence of Malaya (IMP), which was favoured by the British. The UMNO-MCA alliance finally led them to victory within the election, and shaped the premise of a national-based Alliance Social gathering, which is now often called Barisan Nasional (BN).

In 1956, Tun H.S. Lee was a part of the Alliance mission headed by UMNO president Tunku Abdul Rahman for constitutional talks in London. He was additionally the one Chinese language signatory on the Malayan Independence Settlement.

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Supply: Borneo Put up

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Supply: Berita Harian


6. He turned the primary Finance Minister of Malaysia

Tun H.S. Lee was the Transport Minister from 1953 to 1956, as reported by The Star.

When Malaya turned impartial in 1957, Tun Lee was appointed as the primary Finance Minister. Nevertheless, he resigned from his put up two years later resulting from well being considerations. 

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Supply: NST


7. He returned to his enterprise ventures after retiring from politics 

After his retirement from politics in 1959, Tun H.S. Lee returned to lively enterprise pursuits, specializing in banking. In 1966, he established the Improvement and Business Financial institution (D&C Financial institution) which subsequently turned Malaysia’s fifth largest financial institution.

Via his son Tan Sri Alex Lee Yu Lung, he gained management of Roxy Electrical Bhd., a public-listed firm. He was additionally the chairman of D&C Finance, D&C Nomura Service provider Financial institution, On Tai Improvement, Roxy Malaysia and vice chairman of Golden Castell Finance Company.

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Supply: Blogspot

Tun H.S. Lee died on June 22, 1988. Jalan Bandar, previously often called Excessive Avenue, was later renamed to Jalan Tun H.S. Lee to honour him. 

Tun H.S. Lee is undoubtedly one of the inspiring leaders of our nation. Allow us to not overlook the contributions and sacrifices he had finished for the independence of our beloved Tanah Air. Selamat Hari Merdeka!


Additionally learn: four Superb Ladies in Malaysian Historical past Who Shouldn’t Be Forgotten

4 Amazing Malaysian Women in History Everyone Should Know About - World Of Buzz 8

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