Li Fang (born 1 January 1973) is a retired female tennis player from China.
She is widely regarded as the first professional tennis player from China.
Li turned professional in 1990, and won two WTA doubles titles in her career.
In singles, Li Fang reached three finals on the WTA tour (Hobart 1995, Makarska and Pattaya in 1998), losing all of them.
She represented her country at the 1992 Summer Olympics.