Trustar Capital has raised $1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in McDonald Corp’s operations in mainland China and Hong Kong, two sources with knowledge of the matter said.
Hong Kong Democracy Activist Jimmy Lai Denies Inciting Hatred Towards China in Trial
HONG KONG (Reuters) – Pro-democracy activist Jimmy Lai said on Thursday he was against violence and had not sought to incite hatred against China and Hong Kong authorities by calling for protests to defend basic rights, speaking in his second day of testimony in a landmark national security trial.
Hong Kong property tycoons plough money into rebounding IPO market
Property tycoons are lending their support to the Hong Kong IPO market for the first time in years, a move that could help fan the flames of a nascent recovery.
China’s tycoons sell luxury Hong Kong homes at steep discounts
Some wealthy Chinese have been selling their high-end homes in Hong Kong, one of the world’s most expensive luxury property markets, at fire sale prices this year.
China’s vice premier vows to boost Hong Kong competitiveness, says stimulus push has ‘benefited’ the city
Chinese Vice Premier He Lifeng and several top financial policymakers have gathered at the third Global Financial Leaders Investment Summit.
China Mobile in Talks to Buy Hong Kong Tower Seized From Tycoon
China Mobile Hong Kong is in talks to buy commercial property in Hong Kong once owned by struggling tycoon Chen Hongtian, according to people familiar with matter.
Hong Kong’s Tycoons Are Selling Trophy Homes at Fire Sale Prices
China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.
How Beijing Took Control of Hong Kong’s Financial Hub—and Left the West Behind
The world’s pre-eminent East-meets-West investment hub has become more Chinese as international financial institutions, corporations, and expatriates retreat …
Lui Che-woo, Hong Kong property and casino magnate of K. Wah and Galaxy, dies at age 95
Lui Che-woo (pic), who rose from humble beginnings to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95.
Hong Kong residential property prices to rebound next year, though unsold inventory looms
Residential property prices in Hong Kong are set to rebound next year thanks in large part to lower interest rates, though a large cache of unsold inventory will keep a cap on gains.