Richard Li Tzar Kai is Founder and Chairman of Pacific Century Group (PCG), an Asia-based long-term private investment group founded in 1993 with interests in financial services, technology, media and telecommunications (TMT), and property. Mr. Li founded PCCW, which later acquired HKT, and the company has business lines in telecommunications, media and IT solutions. He leads the asset management company PineBridge Investments, insurance business FWD Group and runs Hong Kong-based Pacific Century Premium Developments and Singapore-based Pacific Century Regional Developments. Mr. Li was awarded the Lifetime Achievement Award by the Cable & Satellite Broadcasting Association of Asia in 2011, and is a member of the Center for Strategic and International Studies' International Councillors Group in Washington, D.C.
Xi Jinping’s call for action cleared one key bottleneck – the Hong Kong government itself and its red tape, claimed an insider in the pro-Beijing camp.