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Hong Kong property tycoons play nice as China steps up pressure

Blamed for unrest in city, developers see political influence wane

Hong Kong's property sector has been less politically outspoken since protests swept the city in 2019.   © Reuters

HONG KONG -- Curious newspaper ads pledging real estate developers' "full support" for the city's National Security Education Day ran in a pro-Beijing newspaper last month.

The ads, purchased by a who's who of Hong Kong's real estate industry, praised the day, which celebrated a sweeping law that Beijing imposed on the semi-autonomous territory last year.

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