New World Development chairman Henry Cheng Kar-shun (left) with his son executive vice-chairman Adrian Cheng Chi-kong. Family businesses in Hong Kong and China have improved on their succession plans since the last PwC survey. Photo: Nora Tam

Family businesses in China and Hong Kong less aggressive when it comes to growth, says PwC study

Economic climate getting worse,with 75 per cent of Hong Kong businesses citing market conditions as their biggest challenge for the next 12 months

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New World Development chairman Henry Cheng Kar-shun (left) with his son executive vice-chairman Adrian Cheng Chi-kong. Family businesses in Hong Kong and China have improved on their succession plans since the last PwC survey. Photo: Nora Tam
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