Paul Cheng

Deputy Chairman, ESPRIT

Independent Non-Executive Director of Esprit since November 2002; became Deputy Chairman of the Company effective in 2008. Chairman of The Link Management, which manages a portfolio of assets valued at over HK$30 billion. (The privatisation in November 2005 was the world’s largest Real Estate Investment Trust (REIT) IPO).

Active in private equity across Asia, including roles as Chairman of the China High Growth Fund and Vietnam Infrastructure Limited. In Hong Kong, Cheng is Honorary Steward of the Hong Kong Jockey Club, Club, a US$10 billion organization which recycles its profit to charity and community projects.

Past Hong Kong roles also include being Chairman of both the American Chamber of Commerce and the Hong Kong General Chamber of Commerce. Former Chairman of Inchcape Pacific Limited, a major trading conglomerate employing over 6,000 people throughout Asia, and N.M. Rothschild & Sons (Hong Kong) Ltd.

Paul Cheng News

The Military’s Culture of Sexual Violence

I have a suggestion about how to help instantly reduce sexual assaults in the military. Round up those in charge of handling sexual-assault cases.
Asian Stocks Advances as Nikkei 225 Surges Above 15,000

Asian shares rose as the Nikkei 225 Stock Average closed above 15,000 for the first time since 2007 after the yen touched a 4 1/2-year low against the dollar, boosting the earnings outlook for Japanese exporters.
Esprit Won’t Meet Plan for HK$1 Billion Annual Savings by 2015

Esprit Holdings Ltd., the Hong Kong- based apparel seller that last year lost two top executives, said it won’t save HK$1 billion ($129 million) per year by June 2015 as planned as its performance isn’t meeting expectations.
Hong Kong Stocks Drop Most in Three Weeks; Ping An Falls

Hong Kong stocks fell, with the city’s benchmark index dropping the most in nearly three weeks, as energy producers fell on lower crude prices.
Galaxy Entertainment Added to Hang Seng Index, Esprit Removed

Galaxy Entertainment Group Ltd., the Macau casino owner that doubled profit last year, will be added to Hong Kong’s benchmark Hang Seng Index effective June 17, the compiler of the gauge said today.
Esprit Forecasts Annual Loss on Store Closures, Impairment

Esprit Holdings Ltd., the Hong Kong- based apparel seller whose two top executives quit last year, forecast a ’’substantial’’ fiscal-year loss on store closures and loss of goodwill.
Hong Kong Stocks Headings for Highest Since February

Hong Kong stocks rose, with the city’s benchmark index heading toward the highest close since February, as HSBC Holdings Plc led banks higher after beating earnings estimates and Chinese exports accelerated.
Asian Banks, Tech Stocks Post Weekly Gain on Earnings

Shares of Asian banks and information technology companies advanced this week as Macquarie Group Ltd. and Samsung Electronics Co. posted higher profits. Japanese exporters fell as the yen touched a two-week high.
Most Asian Stocks Rise on ECB Rate Cut; Macquarie Surges

Most Asian stocks climbed after the European Central Bank cut interest rates to a record low and U.S. jobless claims fell to the lowest in five years.
Hong Kong Stocks Advance on U.S. Jobs, Europe’s Rate Cut

Hong Kong stocks rose, with the benchmark capping its second week of gains, after the European Central Bank cut interest rates to a record low and U.S. jobless claims fell.