The company that everyone is still talking about is Richard Li’s Hong Kong’s Pacific Century Cyber Works. “PCCW has actually helped the economy of Hong Kong. A lot of people made a lot of money and that went back into the system and kick-started the Asian recovery,” says Darius Yen, director of equity capital markets at BNP Prime Peregrine Securities.
| Li’s PCCW is helping the Asian recovery | ||||||
Certainly PCCW got the year off to a good start with a $1 billion IPO lead-managed by BNP Paribas that gave it ammunition to buy Hong Kong Telecom.
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