Latest news with #tycoons
South China Morning Post
10 hours ago
- Business
- South China Morning Post
Xia Baolong holds 3-hour closed-door talks with Hong Kong business leaders
Beijing's top official overseeing Hong Kong affairs held a three-hour closed-door discussion with local tycoons and business leaders on the third day of his inspection trip to the city on Friday. Advertisement Xia Baolong, director of the Hong Kong and Macau Affairs Office, also visited Ocean Park in the afternoon before taking a boat trip to Lamma Island. The exchanges on Friday morning, held at the government headquarters in Admiralty, marked the first time since last November that Xia had direct talks with local business elites in Shenzhen. Tycoons at the meeting included Peter Lee Ka-kit, chairman and managing director of Henderson Land Development; Gordon Wu Ying-sheung, chairman of Hopewell Holdings; Stephen Ng Tin-hoi, chairman and managing director of the Wharf Holdings; and Sonia Cheng Chi-man, executive director of New World Development. Wingco Lo Kam-wing, president of the Chinese Manufacturers' Association of Hong Kong, and Jonathan Choi Koon-shum, chairman of the Chinese General Chamber of Commerce, were also among those seen streaming into the venue. Xia Baolong meets the city's tycoons and other business leaders at government headquarters. Photo: Handout Financial sector heavyweights, including Carlson Tong Ka-shing, chairman of Hong Kong Exchanges and Clearing, and Haywood Cheung Tak-hay, chairman of the Hong Kong Gold Exchange, also showed up.
Bloomberg
5 days ago
- Business
- Bloomberg
UAE's Hedge Fund Boom Is Starting to Enter its Next Phase
Welcome to the Mideast Money newsletter, I'm Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here. This week: The hedge fund boom in Abu Dhabi and Dubai is starting to enter its next phase; Adnoc makes a $19 billion takeover offer; and UK-based tycoons are relocating to the UAE.
South China Morning Post
27-05-2025
- Business
- South China Morning Post
New World-led Deep Water Pavilia makes strong start, sells 17 flats for over HK$1 billion
The developers of a luxury residential project in Hong Kong's Southern district pulled in more than HK$1 billion (US$128 million) from the sale of 17 units, as wealthy buyers took advantage of a market downturn to acquire prized assets. The flats at 447-unit Deep Water Pavilia in Wong Chuk Hang, developed by a consortium led by New World Development (NWD), were sold at an average price of nearly HK$62 million, according to a statement from NWD on Monday. It owns 50 per cent of the project. A 1,706 sq ft four-bedroom flat fetched HK$82 million, or about HK$48,000 per square foot – the highest in absolute terms and on a per square foot basis in the district in recent years. The buyers included tycoons from The Peak, the Southern district, Kowloon, as well as affluent individuals from mainland China and overseas, five of whom bought two units each, according to the statement. One buyer spent HK$147.3 million on two four-bedroom flats, including the HK$82 million unit, the statement added. Deep Water Pavilia overlooks Deep Water Bay and offers convenient access to public transport. Photo: Handout The project's success, which is in a prime location overlooking Deep Water Bay and offers convenient access to public transport, was attributable to improved market sentiment and falling interest rates, analysts said.
Bloomberg
12-05-2025
- Business
- Bloomberg
Li Ka-shing's China Clash Unnerves Rich Investors in Hong Kong
Li Ka-shing's strained relationship with Beijing has sent a clear reminder to Hong Kong's tycoons and global investors eyeing the city as a wealth hub: never downplay geopolitics. China's move to amplify criticism of the billionaire's blockbuster ports deal with BlackRock Inc. and probe the transaction for antitrust violations has drawn the attention of rich investors and their advisers.
