Shawna Kwan, a Bloomberg reporter known for her coverage of the intricate dynamics of family businesses, dives into the unexpected leadership shake-up at New World Development. She discusses how Adrian Cheng, once a favored heir, was suddenly replaced by a non-family CEO, Eric Ma. The conversation unveils the challenges facing family dynasties in Asia as they navigate generational shifts and competitive markets. Kwan also highlights the potential ripple effects this dramatic shift could have on other property empires in Hong Kong.

Shawna Kwan, a Bloomberg reporter specializing in the Hong Kong property sector, dives into the seismic shifts at New World Development. She discusses Adrian Cheng’s surprising ousting as CEO and the implications of appointing Eric Ma Xiu-Chung, a non-family member, to lead the company. Kwan explores the financial pressures facing the property dynasty amid rising interest rates and high debt. The conversation also touches on how these leadership changes might influence succession strategies in family-owned businesses across the region.