Page 3 - Patrick Wong News Today

"If there’s no family member suitable, we can hire from the outside," Henry Cheng said.

(Bloomberg) -- For years, Adrian Cheng had all the trappings of a third-generation scion preparing to lead one of Hong Kong’s wealthiest clans into a new era. He infused his property projects with art, burnished Tsim Sha Tsui’s waterfront as a cultural district and invested in digital tokens. Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Cla...

Hong Kong’s property developers are racing to sell homes with a tactic they haven’t had to use for years: deep discounts.Real es...

(Bloomberg) -- Chinese property stocks are on track for a 14-year low, as stress in the sector continues to rise amid slumping home sales and deepening debt woes for major developers. Most Read from BloombergHundreds Dead at Gaza Hospital as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pile Pressure on School as David Ma...

Hong Kong mortgage loans that exceed the property’s value are likely to reach their highest since 2005 next year if home prices keep f...

Hong Kong developer New World Development Co.’s shares dropped as much as 7.9 percent to the lowest level since November 2003 after th...

(Bloomberg) -- Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic ...

Country Garden (2007) yesterday admitted that its usable cash has declined, showing "periodic liquidity stress," after failing to ...

(Bloomberg) -- Chinese developer Country Garden Holdings Co.’s stock and bonds plunged as noteholders said they haven’t received coupon payments effectively due Monday, further darkening sentiment in the crisis-stricken property sector.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushHSBC Executive Slams ‘We...

An Italian restaurant called Bar + Restaurant Nellos in Maillardville, Coquitlam is closing after a year.