25th December 2025 – (Hong Kong) After a lengthy absence from the local spotlight, Teresa Cheung Siu-wai made a striking return to Hong Kong to attend an opulent high‑society gathering. The star-studded guest list included society figure Margaret Lee, Shirley Cheung and her fiancé, controversial businessman Calvin Lo, alongside action icon Donnie Yen and his wife, Cissy Wang, underscoring the event’s lavish scale.
Cheung, 62, arrived in an elegant ensemble, drawing praise for her immaculate complexion and composed, old‑money sophistication. In photographs shared by Margaret Lee, Cheung appeared alongside prominent socialites, with many online commentators lauding her graceful presence as surpassing peers of a similar age. In recent years, she has focused her career on the mainland, carving out a distinctive niche on Xiaohongshu with a literary‑inflected approach to product curation.
Her life story remains a subject of fascination. Born into a scholarly family, Cheung’s high‑profile marriage to singer‑actor Kenny Bee once captivated the city. Following investment setbacks and a lavish lifestyle, she was saddled with HK$250 million in debt in the wake of the 1997 Asian financial crisis. Defying expectations, she refused to file for bankruptcy, famously declaring that while she could forgo meals, she would not forgo fashion. After protracted litigation, she prevailed in 2003, with the court ruling she bore no responsibility for the disputed sums. Though she endured a difficult period after her divorce, Cheung has since successfully reinvented herself as a fashion trading consultant and influential tastemaker, regaining professional momentum and renewed attention for her distinctive style.
