China debt: Evergrande’s magnate Hui Ka-yan and Chinese Estates’ founder Joseph Lau through the years

Hong Kong’s property tycoon Joseph Lau Luen-hung is one of the closest business allies of the Chinese real estate magnate Hui Ka-yan, in a friendship and alliance forged through weekly card games going back more than a decade.Lau and his family-controlled Chinese Estates Holdings Limited had been involved either as a buyer, or the seller, in almost every significant transaction by China Evergrande Group, ever since Hui listed the Shenzhen property company for HK$6.5 billion in Hong Kong in 2009…

China debt: Evergrande’s magnate Hui Ka-yan and Chinese Estates’ founder Joseph Lau through the years
Hong Kong’s property tycoon Joseph Lau Luen-hung is one of the closest business allies of the Chinese real estate magnate Hui Ka-yan, in a friendship and alliance forged through weekly card games going back more than a decade.Lau and his family-controlled Chinese Estates Holdings Limited had been involved either as a buyer, or the seller, in almost every significant transaction by China Evergrande Group, ever since Hui listed the Shenzhen property company for HK$6.5 billion in Hong Kong in 2009…