Wharf firms up balance sheet as Hong Kong home sales cushion profit slump

Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf’s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million

Move may exempt performance-related pay for staff at likes of Jane Street and Citadel Securities