Solicitor and racehorse owner Woo Po-shing was knighted in the Queen's New Year's Honours List yesterday.
Sir Po-shing, 69, was honoured for his charitable services to the arts.
A well-known patron of arts in Hong Kong and Britain for many years, Sir Po-shing made headlines in 1995 when a nude bronze sculpture he owned was ruled indecent by the Obscene Articles Tribunal.
The late British artist Dame Elisabeth Frink's bronze, the New Man had to have its genitals covered with a cardboard fig leaf before it could go on display.
The bronze, shown at Kailey Tower in Central, triggered a wide controversy and outraged art experts.
The case went to the High Court, where the tribunal ruling was quashed and the bronze displayed in its original form.