Hong Kong stocks close with extended gains HONG KONG: Hong Kong concluded Wednesday with another solid rise. On the back of expectations that China may relax its harsh Covid-zero restrictions, which contributed to recent protests throughout the country. After increasing by more than 5% on Tuesday, the Hang Seng Index increased 2.16 percent, or 392.55 points, […]
The Former Hong Kong Property Billionaire Pan Sutong’s Gets Bankruptcy Order
Despite his soaring wealth, Pan Sutong’s is struggling to repay his huge debts. His pet project has stalled, and creditors are threatening to liquidate his Hong Kong and Bermuda companies. Even his mansion in Hong Kong has been scheduled for auction several times, in an attempt to raise cash for his massive bills. In 2015, […]
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