Hong Kong's New Boss

Will C.H. Tung really stand up for the territory--or just be a figurehead?

When Simon Murray, Deutsche Bank Group's executive chairman for Asia, had a family problem, he turned to his old buddy, shipping magnate C.H. Tung. Murray's son wanted to marry a Chinese woman from Taiwan, but her family objected to an East-West marriage. The personable Tung "handled the situation in a very statesmanlike manner," smoothing the way for the 1993 wedding, says Murray. "I regard him as a very well-balanced guy, which is just what [Hong Kong] needs at this point."

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