Became a prominent banker and philanthropist in Hong Kong. Founder of the Chinese Gold and Silver Exchange in Hong Kong, as well as Treasurer of the Chinese War Chest in Shanghai during the Japanese occupation.

Edward was founder of the Chinese Gold and Silver Exchange in Hong Kong, as well as Treasurer of the Chinese War Chest in Shanghai during the Japanese occupation. He also had two daughters, Mrs Mary Ketterer who received the Royal Order of the Golden Ark knighthood for her work in conservation, and Toni Hotung. He also had another son, Patrick (who died, aged 4, following a serious illness).