Hang Lung’s Outgoing Chairman Warns Hong Kong Against Overreliance on Real Estate

00:00

00:00/00:00

Listen to this article 1x

Hang Lung Group’s outgoing chairman Ronnie Chan. Photo: VCG

Hong Kong can’t continue to over-rely on real estate for economic growth, outgoing Hang Lung Group Ltd. Chairman Ronnie Chan said.

The fact that Hong Kong has maintained property as a pillar of its economy since the British handover of the territory in 1997 has been “relatively dangerous,” Chan said at a forum on Wednesday.

He warned that Hong Kong’s high land price policy has its limitations and should not carry on too far.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe

4: Hong Kong Moves to Ease Capital Rules for Banks Holding Licensed Crypto

5: China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War