JCG Holdings has appointed Cheah Cheng-hye as an independent, non-executive director. Mr Cheah, a former Morgan Grenfell executive director and research director, established Value Partners Limited, a fund management company, in Hong Kong earlier this year. THE US-China Business Council's business advisory services director Richard Brecher will give a lunchtime address to AmCham members on President Clinton's emerging China policy. The speech will take place at the New World Harbour View on Friday, December 10. The speech will cover a range of issues including MFN related legislation. THE listing on the Stock Exchange of Hong Kong for Consolidated Electric Power Asia Limited (CEPA) met with an enthusiastic market response. The shares were oversubscribed 44 times. A total of 10,429 valid applications were received for the 65.2 million CEPA shares. LANE Crawford achieved an unaudited group profit attributable to shareholders of HK$99.2 million for the half year to September 30, compared with $45.1 million for the same period in 1992. Earnings per share were 87.8 cents for the A share and 8.8 cents for the B share. Total turnover was $792.3 million.