Hong Kong property tycoon Joseph Lau Luen-Hung has a reputation for making extravagant purchases of art, jets, wine and jewelry.

FORBES: Tycoon's Two Girlfriends Seek $1.4 Billion Of AIA Shares

Kersten Zhang in the Journal's Beijing bureau says one company making clothes for Ralph Lauren is Hong Kong-based Luen Thai, which has operations in southern China.

WSJ: Does It Matter China Made the U.S. Olympic Uniforms?

Last year, 15, 000 visitors packed into freight elevators and wandered the gritty hallways of the Wah Luen Industrial Centre (15-21 Wong Chuk Yeung Street), the epicentre of the festival's activities.

BBC: Hong Kong artists open their studios