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

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

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

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