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Property

Hong Kong developers' mainland projects rescue their bottom lines

Expanding real estate interests across China come with strong political ties

Hang Lung Properties' upscale retail mall, part of a commercial complex called Heartland 66, opened in the mainland Chinese city of Wuhan on March 25. (Provided by Hang Lung Properties)

HONG KONG -- Just a year ago, Wuhan was under a 77-day lockdown and business ground to a halt in an effort to control the coronavirus outbreak. Now, a major Hong Kong property developer has placed a big bet on the city's future with the opening of a luxury retail mall.

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