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May 16, 2008

A behind-the-scenes feud between second-generation members of the Kwok family has burst into the open.

A behind-the-scenes feud between second-generation members of the Kwok family has burst into the open. The Hong Kong-based Kwoks, owners of Sun Hung Kai Properties, have been arguing over who should run the $45 billion company. At the centre of the dispute is a fierce power struggle between the three Kwok brothers – Walter, Thomas and Raymond.

April 30, 2008

Family business patriarch and Hong Kong’s richest man, Li Ka-shing, has called on Asians to change the way they view inheritance issues.

Family business patriarch and Hong Kong's richest man, Li Ka-shing, has called on Asians to change the way they view inheritance issues. He is encouraging other regional family heads to transcend the traditional values of passing wealth through lineage as an imperative duty in favour of more charitable and socially-aware philanthropic efforts.

April 10, 2008

Startup budget airline Oasis Hong Kong, the business launched by Hong Kong family business owner Raymond Lee and his wife, has folded.

Startup budget airline Oasis Hong Kong, the business launched by Hong Kong family business owner Raymond Lee (pictured) and his wife, has folded. The firm has announced it has applied to the Hong Kong Court to appoint a provisional liquidator. KPMG has since assumed control of the airline.

Flight operations have been cancelled until further notice and KPMG are liaising with other airlines in order to help customers make alternative travel arrangements.

March 1, 2008

It can be difficult for the next generation to combine a founder’s values with the latest management thinking. Jane Moir interviews two families from Asia and the US, both involved in the food and beverage sector, who have successfully gone through a succession process

It can be difficult for the next generation to combine a founder's values with the latest management thinking. Jane Moir interviews two families from Asia and the US, both involved in the food and beverage sector, who have successfully gone through a succession process

March 1, 2008

Family businesses in Asia are finding it hard to keep up with developments around the globe and shipping giant IMC Group is no exception. However, family member Yuelin Yang explains to Bruce Love that, with the help of outside professionals, the tide is starting to turn

Family businesses in Asia are finding it hard to keep up with developments around the globe and shipping giant IMC Group is no exception. However, family member Yuelin Yang explains to Bruce Love that, with the help of outside professionals, the tide is starting to turn

February 18, 2008

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members.

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members. David Li, the chairman and chief executive of family-owned Bank of East Asia, told ExCo chief executive Donald Tsang that “he regretted that the matter had caused public concern and thus wished to resign from the Council.”

January 18, 2008

Li Ka-shing, head of family-owned conglomerate Hutchison Whampoa, has topped a new list of the 40 wealthiest people in Hong Kong with an estimated fortune of $32 billion.

Li Ka-shing (pictured), head of family-owned conglomerate Hutchison Whampoa, has topped a new list of the 40 wealthiest people in Hong Kong with an estimated fortune of $32 billion. Li's wealth has soared from $22 billion last year due to rising property prices, which has lifted the development industry to new heights.

Many other families firms also feature in the list, which has been published by Forbes. Raymond, Thomas and Walter Kwok, the brothers who own development firm Sun Hung Kai Properties, came in second with $24 billion.

January 1, 2007

Another budget airline has taken to the skies, but this time it’s for far-flung destinations rather than the usual puddle jumps across Europe or North America. Oasis Airline’s founder Raymond Lee explains why his family firm is here for the long haul

Suzy Bibko is editor of Families in Business.

Another budget airline has taken to the skies, but this time it's for far-flung destinations rather than the usual puddle jumps across Europe or North America. Oasis Airline's founder Raymond Lee explains why his family firm is here for the long haul

September 1, 2004

The influence of China may be felt beyond the political sphere but that hasn’t stopped Hong Kong’s domestic economy from roaring ahead. Meanwhile, in Singapore it’s all change as the government bows to calls for economic reform. Hywel Lewis reviews the economic and political climate in both countries

Hywel Lewis is a freelance journalist specialising in family businesses.

The influence of China may be felt beyond the political sphere but that hasn't stopped Hong Kong's domestic economy from roaring ahead. Meanwhile, in Singapore it's all change as the government bows to calls for economic reform. Hywel Lewis reviews the economic and political climate in both countries

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