At his funeral, the then governor of Hong Kong, David Wilson, sat in the front row.

CNN: The Tough Trader

"This is the only conglomerate under the control of the Beijing municipal government so that justifies a premium, but at the current level it's a bit expensive, " says Wilson Yung of Nikko Research Center in Hong Kong.

CNN: Red Chip Frenzy Again?

In addition, ICA is seeing an expansion in its membership in Asia, and the Hong Kong offices will enable it to better serve them, says ICA President Wilson Yuen.

FORBES: ICA Moves Headquarters To Hong Kong To Meet Asian Demand