PropertyHong 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)
KENJI KAWASE, Nikkei Asia chief business news correspondent
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.