In June 1984, a three-man delegation of business leaders from Hong Kong made a pilgrimage to Beijing to meet with paramount leader Deng Xiaoping. One member of the group was Lee Quo-wei, then executive chairman of Hang Seng Bank Ltd., creator of the Hang Seng Index and one of the most prominent financial institutions in the territory.
The grandson of late Chinese leader Deng Xiaoping, a Duke University law school graduate who later worked for U.S. law firm White & Case LLP, was named deputy head of a county in southern China, the People’s Daily website said.
A.P. Moeller-Maersk A/S said it is working on alternative plans to cut costs and address overcapacity in the freighter market after Chinese regulators unexpectedly blocked formation of a global shipping alliance.