Hong Kong Stocks Plunge to Losses for 4th Straight Year Investors worried about China’s economy shunned Hong Kong’s stock market, once one of the biggest and most important in the world.
China Evergrande’s Founder: The Rise and Fall of Hui Ka Yan Hui Ka Yan, who grew up poor in the countryside, was a symbol of China’s economic rise. With Evergrande teetering, his future is uncertain, too.
China Evergrande’s Problems Are Only Getting Worse The Chinese property developer’s efforts to restructure more than $300 billion in debt are being complicated by criminal investigations into current and former executives.
Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary. Its close ties to Beijing are putting the city, still an international financial hub, in a bind as it lures Western investors to revive its economy.
Trouble in China Pushes Hong Kong’s Hang Seng Into Bear Market The Hang Seng Index has fallen more than 20 percent from its recent high, as investors grow more pessimistic about China’s post-pandemic recovery.