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(Bloomberg) -- Hong Kong’s latest ambitious policies to increase land supply are unlikely to make a dent in the city’s home prices for now.

Chus are the latest billionaire family to help out their pal, the Evergrande founder, with a 51 percent purchase offer.

Wealthy investors who supported Chinese billionaire Hui Ka Yan’s empire are now paying a heavy price amid growing concern the group will struggle to repay its debts. Hui had long been able to count on his poker pals to back China Evergrande Group during times of trouble, whether it was by buying stakes in his company, loading up on its bonds or not calling in debts. He broadened that circle to raise funds for his property services business in December, as well as an electric-vehicle startup in January.

As the Covid-19 vaccine programme slowly begins to take off in South Africa, the latest figures sit at just over 1.43 million individuals inoculated. This is still way off the government’s target, with many healthcare workers and over-60’s still waiting in anticipation to receive the vaccine. In Hong Kong, however, it couldn’t be more different. The Special Administrative Region of China has seen a notably sluggish vaccination rate. The city’s wealthy and their companies are now looking to incentivise vaccination, which includes the chance to receive a Tesla Model 3, a pile of gold or...

The past few years have seen a remarkable shift in fortunes between China’s tech-savvy moguls and their old-school Hong Kong counterparts.