What type of details about tung chee-hwa can be gathered from the following bio? Bio: tung chee-hwa , gbm -lrb- born 7 july 1937 , shanghai , china -rrb- , also known as c. h. tung , was the first chief executive and president of the executive council of hong kong from the transfer of sovereignty on 1 july 1997 to 12 march 2005 . as the eldest son of chinese shipping magnate tung chao yung who founded orient overseas container line -lrb- oocl -rrb- , tung took over the family business after the death of his father in 1981 . four years later , oocl teetered on the edge of bankruptcy in 1985 , and the business was saved by the government of the people 's republic of china through henry fok in 1986 . after the transfer of hong kong 's sovereignty from the united kingdom to the people 's republic of china , he became the first head of government on 1 july 1997 , and took his unfinished second term in 2002 . dissatisfaction among the public towards tung grew throughout his tenure ; in 2003 , more than 500,000 protesters demanded that tung step down . tung resigned on 10 march 2005 , three years into his second five-year term . he is currently a vice chairman of the national committee of the chinese people 's political consultative conference and remains active in public service . in 2008 , he formed the china-united states exchange foundation , a group that aims to promote better understanding between the two countries .
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