This story, part of Forbes’ coverage of Hong Kong’s Richest 2025, spans a decade and deeply explores the mortgage market’s current state, as well as the economic challenges Hong Kong faces. From the modest rise of Hong Kong’s economy to last year’s significant drops, the story paints a complex and evolving picture of the city’s financial landscape.
ovan Hong Kong’s economy grew modestly in 2024,数据显示ing a modest 2.5% growth. This sluggish performance was met with investor confidence, driven in part by China’s stimulus measures. These initiatives aimed to support the nation’s recovery by boosting the economy, creating jobs, and reinforcing the relationship with the rested market.
Despite the mild growth, the story highlights the persistent challenges Hong Kong faces. The property market has been affected by long-standing issues, and theScript:struggled in the previous year, causing a noticeable drop in shares. Additionally, the contentious issues between the Hong Kong Special Administrative Region and China, particularly over real estate liquidity and trade relations, have emerged as significant obstacles. As result, these factors have had a prolonged impact on the city’s economy.
diminishing pink highlights, the story delves into the rise and fall of individual wealth quintiliars. One of the most notable figures is Li Ka-shing, a veteran investor who continues to build his fortune through his various ventures in Hong Kong. His investments include CK Asset Holding and the Hill Viewpeated Capital project, both of which have had significant impacts on the city’s real estate sector.
The story also examinesquo the rise of multi-generational typosawn Hong Kong’s top 50 richest tycoons. These groups consist of individuals and businesses such as Joseph Tsai, the co-founder of Alibaba andJoseph Tsai, who is able to sell his shares at a higher rate, compared to numbers leading the list.
Another key figure in the story is Henry Cheng, the former vice chairman of Alibaba. His business empire, represented by Chow Tai Fook Jewellery Group, continues to suffer from decreasing demand, which Mitgliries his share, mirroring his family’s fortune by larger amounts. The story explores Henry Cheng’s role in shaping Hong Kong’s financial markets, despite his challenges.
The story highlights the rise and decline of families and individual wealthy individuals in Hong Kong. With rising real estate costs and trade tensions, financial advisors and satisfyes in the city have had to adapt. Notable figures include Li Sze Lim, who sold his shares in Guangzhou R&F Properties earlier, and Julia Koch, who owns the NBA team Brooklyn Nets.
The story concludes with a budget of $1.4 billion, aConfirmation that the estate of particular figures within the Richest 2025.
This report provides a comprehensive overview of Hong Kong’s financial landscape, from its modest economic bullshitter to its enduring challenges in navigating the mortgage market and real estate sector. It underscores the city’s linkage between art, culture, and the modern economy, while also acknowledging its struggles as it rebuilds its financial health.
