Hong Kong’s property, financial markets face test under cross-border anti-corruption law

China’s deliberation on its sweeping cross-border anti-corruption law may ripple through Hong Kong’s financial and property markets, as Beijing seeks harsher punishments for corrupt officials and broadens its scrutiny of the massive pool of wealth transferred overseas.
Hong Kong remains in focus after the draft law was submitted on Tuesday to the standing committee of the national legislature for deliberation, analysts said.
The law was “designed to give mainland authorities a clearer statutory...