A mainland Chinese property family is quietly building a presence in Hong Kong by snapping up land plots and even a prominent local newspaper.

Shenzhen-based Kaisa Group Holdings’ Kwok Ying Shing has become one of the most active Chinese tycoons in Hong Kong with a flurry of new purchases. His moves underscore Chinese elites’ growing influence in the former British colony as its status as a global financial hub shows signs of waning...

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