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Hong Kong tycoons eye mainland property as Evergrande woes deepen

Billionaires tread fine balance with Beijing's 'common prosperity' drive

HONG KONG -- Property conglomerates in Hong Kong are snapping up new deals on the Chinese mainland, where homegrown developers such as China Evergrande Group remain mired in debt.

But such aggressive expansion may come under the scrutiny of Beijing, which is pressing forward with crackdowns under its "common prosperity" goal.

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