Mainland conglomerates face few problems moving newly-created capital out of China. Photo: Reuters
Shirley Yam
Opinion

Opinion

Money Matters by Shirley Yam

Mainland developers are ‘money mills’ that rely on spiralling asset prices

To understand why HNA Group paid such an insane price for Kai Tak land, we need to take a closer look at its business model

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Mainland conglomerates face few problems moving newly-created capital out of China. Photo: Reuters
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