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.
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.