Cheng Yu-tung took the lead among Hong Kong tycoons in making massive investments in mainland China after the Tiananmen crackdown of 1989. Photo: David Wong Cheng Yu-tung took the lead among Hong Kong tycoons in making massive investments in mainland China after the Tiananmen crackdown of 1989. Photo: David Wong
Cheng Yu-tung took the lead among Hong Kong tycoons in making massive investments in mainland China after the Tiananmen crackdown of 1989. Photo: David Wong

True visionary: Hong Kong tycoon Cheng Yu-tung was quick to spot an opportunity ... and know when to stand aside

Cheng Yu-tung built up a vast jewellery and property empire before stepping back and putting a much-praised succession plan in place

Cheng Yu-tung took the lead among Hong Kong tycoons in making massive investments in mainland China after the Tiananmen crackdown of 1989. Photo: David Wong Cheng Yu-tung took the lead among Hong Kong tycoons in making massive investments in mainland China after the Tiananmen crackdown of 1989. Photo: David Wong
Cheng Yu-tung took the lead among Hong Kong tycoons in making massive investments in mainland China after the Tiananmen crackdown of 1989. Photo: David Wong
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