Return Of A Hong Kong Highflier

Peregrine's Francis Leung is back. Is that good?

Francis Leung can still count on his guanxi. With those connections, it took the banker all of two hours one February morning to raise a cool $1 billion for Hong Kong high-tech tycoon Richard Li's Pacific Century CyberWorks. Li used the money as part of his bold bid for Cable & Wireless HKT.

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