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Hong Kong real estate tycoon Ronnie Chan to step down

HONG KONG Hang Lung Properties, one of the largest real estate developers in Hong Kong, announced Tuesday that Chairman Ronnie Chan will retire and hand… ....

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HONG KONG Hang Lung Properties, one of the largest real estate developers in Hong Kong, announced Tuesday that Chairman Ronnie Chan will retire and ....

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Hong Kong Tycoons Emerge as Losers From Xi's Election Revamp


Hong Kong Tycoons Emerge as Losers From Xi’s Election Revamp
Bloomberg
2 hrs ago
Shirley Zhao
(Bloomberg) When China regained control of Hong Kong more than two decades ago, the Communist Party entrusted the city’s wealthiest tycoons with enormous influence over local politics.
This week President Xi Jinping took his most dramatic step yet to grab some of that power back.
Xi’s sweeping overhaul of Hong Kong’s electoral system aimed at neutralizing pro-democracy voices will curtail the clout of billionaires such as Li Ka-shing and Lee Shau-kee who used to wield effective control over a quarter of the seats on the 1,200-member Election Committee that decides Hong Kong’s chief executive. ....

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