Hong Kong’s developers have been actively donating land for transitional housing and have joined the private-public participation land scheme, which suggests that the rules of the game have already changed, according to one analyst. Photo: AFP)
Hong Kong’s developers have been actively donating land for transitional housing and have joined the private-public participation land scheme, which suggests that the rules of the game have already changed, according to one analyst. Photo: AFP)

Hong Kong developers plunged into turmoil amid concerns Beijing targeting property firms, six firms lose US$11 billion in market value

  • Reuters report that Chinese officials have told Hong Kong developers they should use their resources and influence to champion state interests prompts sell-off
  • Although no policies have been announced, we suggest maintaining a defensive stance on Hong Kong developers: Citi analyst

Topic |   China Evergrande Group
Hong Kong’s developers have been actively donating land for transitional housing and have joined the private-public participation land scheme, which suggests that the rules of the game have already changed, according to one analyst. Photo: AFP)
Hong Kong’s developers have been actively donating land for transitional housing and have joined the private-public participation land scheme, which suggests that the rules of the game have already changed, according to one analyst. Photo: AFP)
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