Fanny Cheung graduated from the University of California at Berkley with a bachelor of arts in 1970, and then from the University of Minnesota with a doctoral degree in psychology in 1975.
Cheung is currently vice president of the Chinese University of Hong Kong, professor of psychology at Choh-Ming Li, and is the founding director of the Gender Research Center at the Hong Kong Institute of Asia-Pacific Studies. In the early 1990s she took the lead in developing the Cross-Cultural (Chinese) Personality Assessment Inventory, which was one of the first initiatives in the field to develop a local, non-Western inventory of personality. 1996 to 1999, Cheung served as the founding chairperson of the Equal Opportunities Commission of the Hong Kong government.
Cheung received the Distinguished Leadership Award for Internationals from the University of Minnesota in 2003 because of her influential leadership in the field of mental health and gender studies in Hong Kong and Asia. She was appointed as Justice of the Peace in Hong Kong in 1988 and served as the Hong Kong Counsel for the People’s Republic of China during 1995 -1997. She received the Distinguished Psychologist Award in 2005 and the award for Distinguished Contributions to the International Advancement of Psychology in 2012 from the American Psychological Association.