(April 9): A mainland Chinese property family is quietly building a presence in Hong Kong by snapping up land plots and even a prominent local newspaper.

Shenzhen-based Kaisa Group Holdings Ltd's Kwok Ying Shing has become one of the most active Chinese tycoons in Hong Kong with a flurry of new purchases. His moves underscore Chinese elites’ growing influence in the former British colony as its status as a global financial hub shows signs of waning.