How a Chinese billionaire family is quietly expanding its empire in HK
Apr 11, 2021 â 4.55pm
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A mainland Chinese property family is quietly building a presence in Hong Kong by snapping up land plots and even a prominent newspaper.
Shenzhen-based Kaisa Group Holdingsâ Kwok Yung Shing has become one of the most active Chinese tycoons in Hong Kong with a flurry of new purchases. His moves underscore Chinese elitesâ growing influence in the former British colony as its status as a global financial hub shows signs of waning.
Kwok Ying Shing, chairman and co-founder of Kaisa Group Holdings, in Hong Kong in 2019.Â