The one thing SinoPac won't get, though, is exclusive access to ICBC's distribution channels in China, Mr. Chang said.

WSJ: ICBC's Stake in SinoPac Won't Open Taiwan Spigot

Mr Chang was, they said, equally brilliant on the polo field and in the ballroom.

ECONOMIST: Chang Hsueh-liang

Mr Chang did not specify how much he paid for the renovations, but said they cost as much as the flat itself.

BBC: Hong Kong copes with tight living spaces