Who are the 5 ‘most powerful women’ in Asia?

From L: Bonnie Y Chan – CEO of HKEX; Grace Wang – chairwoman of Luxshare Precision Industry; Tan Su Shan – chairwoman of DBS; Meng Wanzhou – rotating chairwoman of Huawei; and Kathy Yang Chiu-chin – rotating CEO of Foxconn. Photo design by VnExpress/Dat Nguyen

1. Tan Su Shan (DBS)

Tan Su Shan, CEO of Singapore’s largest lender DBS, has secured the top place in "Most Powerful Women Asia," a list of the 100 businesswomen with most impact in the region by Fortune magazine.

Tan has spent over 15 years at DBS after working at Morgan Stanley and Citi. Before she succeeded Piyush Gupta in March, she headed the bank’s institutional banking division and expanded its consumer, wealth management and international operations.

She is known in Singapore’s banking circles for having brought a Bloomberg terminal to the hospital when she gave birth in 1999 – she said she had "no choice" as the yen was plunging against the U.S. dollar.

Tan is also no stranger to Fortune’s accolades. She placed sixth in the magazine’s 2025 "100 Most Powerful Women in Business" list and 28th in its "100 Most Powerful People in Business" list the same year.

2. Grace Wang (Luxshare Precision Industry)

Grace Wang is the co-founder, chair and CEO of Luxshare Precision Industry, a major manufacturer of electronic and computer components based in Dongguan, China.

She started the company with her brother in 2004 after a decade at Foxconn, the Taiwanese supplier of Apple products, including the AirPods and the iPhone.

Under her leadership, Luxshare’s revenue surpassed US$37 billion in 2024, earning a spot on the Fortune Global 500. The company, listed on the Shenzhen Stock Exchange since 2010, is preparing for a secondary listing in Hong Kong.

3. Meng Wanzhou (Huawei)

Meng Wanzhou, daughter of Huawei’s billionaire founder Ren Zhengfei, serves as deputy chairwoman, rotating chairwoman and chief financial officer of Chinese tech giant Huawei.

She plays a key role in the company’s efforts to reduce dependence on foreign semiconductor suppliers such as Nvidia.

Huawei recently announced plans to double production of advanced AI chips and launch high-performance computing systems to boost competitiveness in the semiconductor market.

The company reported $118 billion in revenue for 2024, close to its 2020 record.

4. Bonnie Chan (HKEX)

Bonnie Chan, CEO of Hong Kong Exchanges and Clearing (HKEX), is described by Fortune as possibly the city’s second-most important financial ambassador.

She leads the bourse operator as Hong Kong’s stock market undergoes a strong rally and ranks among the world’s leading venues for initial public offerings.

Under her tenure, HKEX has advanced its gender diversity goals, with only 0.7% of Hong Kong’s 2,600 listed companies still having all-male boards.

5. Kathy Yang (Foxconn)

Kathy Yang is the rotating CEO of Foxconn, which posted record revenue in 2024, partly driven by the AI boom.

Yang is the first female to hold the post of rotating CEO at the Taiwanese electronics manufacturing behemoth.

As the Apple supplier’s global chief campus operation officer, Yang oversees Foxconn’s manufacturing plants and logistics and trade compliance operations.

She is also responsible for supply chain manufacturing platform Jusda, Foxconn’s logistics unit.