They have been claiming all along that Mr Li, the son of Hong Kong's most powerful tycoon, simply used his connections and the heady valuations of Internet stocks to raise money to buy real assets.

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He found his 32-year-old bride, Wendy Deng, there, but he has not made a bean out of the company since he bought it from Richard Li, son of a rich Hong Kong businessman, Li Ka-shing, in 1993.

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With successes under his belt, the son returned to Hong Kong contemplating the direction of Far East Consortium.

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Mr. Chadwick, the adopted Chinese son of English educators, started training at 15 years old to be a jockey apprentice at the Hong Kong Jockey Club.

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The STAR TV chief executive and son of News Corp. chairman Rupert Murdoch moved to Hong Kong permanently with his wife, Kathryn, after their wedding in June.

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On matters of the moment--such as his foundation's share purchase in Hong Kong telecom entity PCCW, which will effectuate the exit of his second son, Richard, from controlling ownership--he says little.

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