From riches to rags: Hong Kong’s veteran property investors grapple with market downturn

From riches to rags: Hong Kong’s veteran property investors grapple with market downturn

Hong Kong’s commercial market declines have left some of the city’s once-prosperous veteran investors struggling financially, with experts expecting distressed sales to continue amid plunging property valuations. In April, receivers took over the luxury detached mansion in Pok Fu Lam where “Cassette King” David Chan Ping-chi and his family had lived since the 1980s, marketing…

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Credible new global mediation body will draw investors to Hong Kong: Paul Chan

Credible new global mediation body will draw investors to Hong Kong: Paul Chan

The new International Organisation for Mediation launched in Hong Kong will be an efficient, fair and credible mechanism for dispute resolution and attract investors from the Global South as the world economy shifts towards these developing countries, the city’s finance minister has said. Financial Secretary Paul Chan Mo-po said on Sunday that the inauguration of…

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