In the midst of the commodity craze in 2007, Chen waged a hostile takeover of a Hong Kong-listed steelmaker that was ultimately defeated with the backing of steel tycoon Lakshmi Mittal.

FORBES: China's 'Steel Princess' Chased Down For Disappearing Assets

Winfried Engelbrecht-Bresges, the CEO of the Jockey Club, which in addition to its gambling business also runs horse-racing and entertainment facilities for its 23, 000 members and the public, spoke with Te-Ping Chen about the challenges of running a sprawling Hong Kong institution.

WSJ: Hong Kong Jockey Club Strives to Race Ahead; Winfried Engelbrecht-Bresges

Huang's company Gome, which is listed in Hong Kong, has been under the control of its Chief Executive Chen Xiao since his arrest.

FORBES

Taiwan businessman Chen Ding-kuo said this does not reflect lack of confidence in Hong Kong's future.

CNN: The Lowering of the Flag

Born in Ningbo, Zhejiang province, Chen started out working in the family cotton business in Shanghai before moving to Hong Kong in 1949.

FORBES: Another Day, Another Billionaire's Heirs Head To Court

Top seeds Chen Qi and Ma Lin of China beat Ko Lai-chak and Li Ching of Hong Kong 11-6 11-9 7-11 11-8 8-11 11-5 to take the men's doubles gold in table tennis and keep China on track for another Olympic title sweep in Athens.

CNN: Britain, U.S. share sailing medals

Migrants without an urban hukou spend 30% less than otherwise similar urban residents, according to research by Binkai Chen of the Central University of Finance and Economics, Ming Lu of Fudan University and Ninghua Zhong of Hong Kong University of Science and Technology.

ECONOMIST: Chinese consumption is about much more than shopping

Singapore may field three badminton players at the Commonwealth Games who have come from Indonesia, and Hong Kong could have one, in addition to their former world women's singles quarter-finalist Wang Chen, who crossed the border from China to the former British colony.

BBC: Defecting dilemmas for Games