Richard Li redefines IPO success

Richard Li redefines IPO success

The logo of FWD group is seen on a building in Hong Kong, China March 20, 2023. REUTERS/Tyrone Siu/File Photo HONG KONG, June 26 (Reuters Breakingviews) – Richard Li is nothing if not relentless. The tycoon’s pan-Asian insurer FWD is going public after multiple false starts. A $6.2 billion, opens new tab market capitalisation is…

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Hong Kong property has further to fall

Hong Kong property has further to fall

High rise private residential buildings are seen in Hong Kong, China May 21, 2017. Picture taken May 21, 2017. REUTERS/Bobby Yip Low interest rates and an influx of capital have buoyed sentiment for residential real estate, where prices have fallen 30% since 2021. Yet developers like New World have a record 28,000 units of unsold…

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