How a Hong Kong Dynasty Was Hit by China's Property Crisis

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How a Hong Kong Dynasty Was Hit by China's Property Crisis

A Hong Kong family dynasty in turmoil, with no known succession plan and billions in debt as China’s property crisis continues. How will one of Asia’s richest families navigate these uncertain waters? UPDATE: On June 30, Adrian Cheng announced he was leaving New World less than a year after stepping down as its chief executive. Cheng tendered his resignation as a non-executive director and non-executive vice-chairman of New World effective July 1. He said he wished to devote more time to “public services and other personal commitments.' Read more about it here: https://www.bloomberg.com/news/articles/2025-06-30/new-world-development-scion-adrian-cheng-resigns-from-board?sref=4TrMk4Dc For more about New World’s debt refinancing - New World Gets 100% Lender Approval for $11 Billion Financing: https://www.bloomberg.com/news/articles/2025-06-26/new-world-gets-100-lender-approval-for-11-billion-refinancing?sref=fSOf3OlP Everything you need to know about the big topics shaping our world, direct from Bloomberg's global newsroom: https://www.youtube.com/playlist?list=PLqq4LnWs3olXOhUOv4O6r-9OdWTQN83se #Business #Asia #documentary -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global news and insight in an instant.
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How a Hong Kong Dynasty Was Hit by China's Property Crisis

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A Hong Kong family dynasty in turmoil, with no known succession plan and billions in debt as China’s property crisis continues. How will one of Asia’s richest families navigate these uncertain waters?

UPDATE: On June 30, Adrian Cheng announced he was leaving New World less than a year after stepping down as its chief executive. Cheng tendered his resignation as a non-executive director and non-executive vice-chairman of New World effective July 1. He said he wished to devote more time to “public services and other personal commitments." Read more about it here:

For more about New World’s debt refinancing - New World Gets 100% Lender Approval for $11 Billion Financing:

Everything you need to know about the big topics shaping our world, direct from Bloomberg's global newsroom:

#Business #Asia #documentary
--------
Like this video? Subscribe:

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months:

Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.

Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.

Visit our partner channel Bloomberg News for global news and insight in an instant.


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