Chinese creditors who have struggled to recover funds from distressed property developers on the mainland are increasingly turning to Hong Kong courts in their quest for repayment.
Chinese creditors who have struggled to recover funds from distressed property developers on the mainland are increasingly turning to Hong Kong courts in their quest for repayment.
The sales office of the Sunac China Holdings Ltd. One Sunac Opus residential development in Beijing, China, on Thursday, Oct. 17, 2024. Sunac will raise about HK$1.2 billion ($155 million) through placements, the first time in a year that the developer is doing an equity fundraising. Photographer: Na Bian/Bloomberg
Crypto tycoon Li Lin is moving an entire trading team of about 20 people from his single-family office to Bitfire Group Holdings Ltd., a wealth manager in which he owns a 30% stake, to help the firm tap more private banking clients.
Crypto tycoon Li Lin is moving an entire trading team of about 20 people from his single-family office to Bitfire Group Holdings Ltd., a wealth manager in which he owns a 30% stake, to help the firm tap more private banking clients.
A senior manager at Goldman Sachs Group Inc. has sold his Hong Kong home to a private equity veteran for about $13 million, marking another high-profile residential transaction in the Asian financial hub.
A senior manager at Goldman Sachs Group Inc. has sold his Hong Kong home to a private equity veteran for about $13 million, marking another high-profile residential transaction in the Asian financial hub.
JPMorgan Chase & Co. will be the anchor tenant of an upcoming office project in Hong Kong’s West Kowloon area, marking one of the city’s largest leasing deals amid a prolonged downturn in the commercial market.
JPMorgan Chase & Co. will be the anchor tenant of an upcoming office project in Hong Kong’s West Kowloon area, marking one of the city’s largest leasing deals amid a prolonged downturn in the commercial market.
Rendering of Artist Square Towers. Source: Sun Hung Kai Properties Ltd.
The Trump administration is delaying a multi-billion dollars arms sales to Taiwan to ensure President Donald Trump’s visit to Beijing is successful, the New York Times reported.
The Trump administration is delaying a multi-billion dollars arms sales to Taiwan to ensure President Donald Trump’s visit to Beijing is successful, the New York Times reported.
A military exercise in Taichung, Taiwan. Photographer: An Rong Xu/Bloomberg
A Hong Kong bank that failed to sell a seized mansion at a steep discount last year is trying again as the luxury real estate market swings back to life.
A Hong Kong bank that failed to sell a seized mansion at a steep discount last year is trying again as the luxury real estate market swings back to life.
Hong Kong home prices recorded their first annual increase in four years, the clearest sign yet that the city’s residential market is beginning to recover from a prolonged downturn.
Hong Kong home prices recorded their first annual increase in four years, the clearest sign yet that the city’s residential market is beginning to recover from a prolonged downturn.
A mansion at Hong Kong’s prestigious Peak area was sold for HK$1.04 billion ($133 million), yielding a more than 25% gain for the owner who held it for about a decade.
A mansion at Hong Kong’s prestigious Peak area was sold for HK$1.04 billion ($133 million), yielding a more than 25% gain for the owner who held it for about a decade.
Residential properties at the Mount Nicholson project. Photographer: Xaume Olleros/Bloomberg
JPMorgan Chase & Co. plans to build a new tower in Canary Wharf for its headquarters in the UK, a multibillion-pound endorsement of London’s status as a global financial center a day after Rachel Reeves delivered a budget that largely spared banks.
JPMorgan Chase & Co. plans to build a new tower in Canary Wharf for its headquarters in the UK, a multibillion-pound endorsement of London’s status as a global financial center a day after Rachel Reeves delivered a budget that largely spared banks.
Illustration of JPMorgan’s new headquarters in Canary Wharf.
A Hong Kong court bolstered an injunction against the ex-wife of the founder of China Evergrande Group covering $220 million in assets across Canada, Gibraltar, Jersey and Singapore.
A Hong Kong court bolstered an injunction against the ex-wife of the founder of China Evergrande Group covering $220 million in assets across Canada, Gibraltar, Jersey and Singapore.
Residential buildings at an Evergrande development in Beijing. Photographer: Andrea Verdelli/Bloomberg
Liquidators of China Evergrande Group are asking a Hong Kong court to freeze all assets of the former chief executive officer’s ex-wife, He Kun, as part of their efforts to recover $6 billion in funds for creditors.
Liquidators of China Evergrande Group are asking a Hong Kong court to freeze all assets of the former chief executive officer’s ex-wife, He Kun, as part of their efforts to recover $6 billion in funds for creditors.
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