Fang founded Shui Mu Investment Group in 2014, focusing on investment in technology, health care and financial services sectors. Prior to this, Fang worked at JP Morgan Investment Bank for 13 years, last serving as CEO of JP Morgan Investment Banking China and vice chairman of Asia Investment Banking. From 1997 to 2001, Fang served as vice president of Beijing Holdings, in charge of the investment, finance and legal departments. Fang started his career in 1993 with Merrill Lynch as an investment banking associate in New York.