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Hong Kong's Longest-Serving CEO Steps Down as Sons Take Over
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Hong Kong's Longest-Serving CEO Steps Down as Sons Take Over
David Li’s tenure as CEO spans a tumultuous period in Hong Kong’s history, from the adoption of a dollar peg in 1983 to the Asian financial contagion and Hong Kong’s handover to China in the final years of last century, followed by a seven-year property bust. Li, who joined Bank of East Asia in 1969, was appointed CEO in 1981 and named chairman in 1997.
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