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He was also well known for his charitable work, having raised millions of pounds, and was awarded a knighthood.
CNN: STORY HIGHLIGHTS
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China may have had misgivings about Mr Tsang's closeness to the British in colonial days (he was awarded a knighthood).
ECONOMIST: Hong Kong
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In June Sir Matt was awarded a knighthood.
BBC: 14 January
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In January 2012, a month after the FSA report, Mr Goodwin was stripped of the knighthood he was awarded for services to banking.
BBC: Crown Office 'disappointed' over Cable RBS letter
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In a piece of research for which he was awarded both a Nobel prize and a knighthood, John Vane, who was then employed by the Royal College of Surgeons in London, showed that aspirin suppresses the production of local hormones known as prostoglandins.
ECONOMIST: An aspirin a day keeps the doctor at bay
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He was awarded a CBE in 1966, later turned down a knighthood and became a Companion of Honour, an exclusive award in the gift of the Sovereign, in 2002.
BBC: UK playwright Harold Pinter dies