Sunac China Holdings Ltd. agreed to buy hotels, land and projects from Dalian Wanda Group Co. for 63.2 billion yuan ($9.3 billion) in China’s largest property deal, as billionaire Chairman Sun Hongbin moves to take advantage of competitors shedding assets.

Merger Monday has arrived in Asia.

Hong Kong stocks rose, with the benchmark index climbing from a seven-week low, as HSBC Holdings Plc led financial shares higher and Orient Overseas International Ltd. jumped after being targeted for a takeover.

A $9 billion deal by billionaire Sun Hongbin’s Sunac China Holdings Ltd. adds to the trend of Chinese property developers swallowing up rivals and their land at a record pace.

Former Hong Kong Chief Executive Tung Chee-hwa and his family will be about $1 billion richer with the sale of their container shipping line to Cosco Shipping Holdings Co.

HNA Group Co. supercharged its transformation from an obscure Chinese airline operator to a juggernaut capable of amassing multibillion-dollar stakes in globally recognized brands, including Hilton Worldwide Holdings Inc. and Deutsche Bank AG.