Hong Kong patriotic tycoon Tsang Hin-chi, a pioneer in China's industrial development, died in his hometown in Meizhou, Guangdong province, on Friday afternoon. He was 85.

The Goldlion Group confirmed Tsang's death in an announcement on Friday evening, adding that the company will always remember him.

Tsang founded the famous manufacturer of menswear in 1968, and has steadily invested in the manufacturing industry on the mainland since the early days of the country's reform and opening-up.

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor, in expressing her "deepest condolences", said the successful entrepreneur was a trailblazer among overseas Chinese who contributed to the country's economic reform that started 41 years ago.