HNA sells another Kai Tak site amid spring clean

The latest land sale suggests that the HNA executives are getting a handle on the conglomerate's debt hangover.

HNA sells another Kai Tak site amid spring clean

Some of the systemic risks in the Chinese economy have arguably eased since President Xi Jinping ordered a crackdown, late last year, on the excessive use of debt finance by some private companies. 

HNA Group epitomises this shift in the political winds.
 
Stepping up efforts to clean up its balance sheet by paying down debt...

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