Hong Kong Retail Hinges on Welcoming Mainlanders, Hang Lung Says

HONG KONG (Bloomberg) — Hang Lung Properties Ltd., which earns more than half of its rental profit from its China malls and offices, said a recovery in Hong Kong retail sales depends a change in negative attitude toward mainland visitors.

“Retail sales definitely haven’t peaked,” Ronnie Chan, chairman of the Hong Kong-based company, said in an interview today. “There are still a lot of mainland customers coming here. The problem is whether you welcome them or not. It’s definitely a big factor.”