The Henderson Land founder died at the age of 97 last month.
Family members including his two sons, Peter and Martin Lee, greeted guests who came to pay tribute, including Deputy Financial Secretary Michael Wong, Secretary for Financial Services and the Treasury Christopher Hui, Secretary for the Culture, Sports and Tourism Rosanna Law, and Secretary for Home and Youth Affairs Alice Mak.
Former government officials including former chief executive Donald Tsang, and Chinese People’s Political Consultative Conference Standing Committee member Henry Tang, a former Chief Secretary, were also seen at the vigil.
A number of business leaders also attended the event including Sun Hung Kai Properties chairman Raymond Kwok and its former chairman Thomas Kwok, PCCW chairman Richard Li, and Bank of East Asia executive chairman David Li.
The funeral home was also filled with wreaths, while an altar was set up at the nearby Java Road Playground for members of the public to pay tribute to the tycoon.
A Buddhist funeral service will be held on Monday, and the late tycoon will be buried in his hometown of Daliang in Shunde district in Guangdong.