The trend of China´s rich planning migration to other countries has increased to 60 percent in 2016, according to the latest report by the Hurun Rich list. A weaker currency and fear for a collapsing domestic real estate market are the main reasons, Hurun founder Rupert Hoogewerf tells in the South China Morning Post. The US topped the list, followed by Britain, Canada, Australia and Singapore.Read More →
The move by Blackstone not to sell a landmark California hotel to the Anbang Insurance group for security concerns shows domestic volatility in the US and serious risk for Chinese companies looking for investment opportunities, says business analyst Shaun Rein to the South China Morning Post.Read More →
Former Citi-group banker Arthur Hayes started BitMex, a bitcoin exchange. Bound to be a success, says VC and innovation expert William Bao Bean to Bloomberg, as Chinese are looking for ways to invest their capital outside China, where growth it slowing down.Read More →
Famous wealthy Chinese like Wang Jianlin and Jack Ma are still up and running, but a new wave of billionaires is moving up in the ranks of the annual Hurun China rich list, says its founder, Rupert Hoogewerf to Reuters. “Today it is about using the capital markets for financial investment,” he says, like Baoneng’s Yao Zhenhua.Read More →
McDonald´s China is trying to sell its 2,200 stores for up to US$2 billion to third parties. A move that makes sense, says retail analyst Ben Cavender in CFO, because the number of people able to run chain stores has gone up exponentially.Read More →
Business analyst Shaun Rein will be staying most of October in Australia, both Melbourne and Brisbane. He is there at an appropriate time, when politicians seem clueless about China, and when not clueless do just the wrong things.Read More →
China´s State Council, the state´s highest administrative body, has encouraged government agencies to act more as venture capitalists, it announced on Tuesday. A receipcy for disaster, says financial and political expert Victor Shih to Bloomberg, where the tax payers have to suffer from inavoidable disasters.Read More →
Light can transport data in higher volumes and speed than the current cable systems, shows an experimental setup at Shanghai´s Fudan University in the documentary “Smart China” at Discovery Channel. It documents how the massive data exchange at food chains in China can guarantee food safety. Our technology speaker William Bao Bean comments at the documentary.Read More →
Foreign companies and their business organizations used the G20 meeting in Hangzhou as an opportunity to point at the restrictions they face when they want to invest in China, while outbound investments from China go through the roof. You only have to look at the basic figures to see they are right, says author Arthur Kroeber of China’s Economy: What Everyone Needs to Know® to the South China Morning Post.Read More →
Grass Fashion Co. in a 1 trillion won deal (US$900 million). That is more than V-Grass is worth, warns branding expert Ben Cavender in Bloomberg, and might be very hard to recover in sales.Read More →
While China´s financial regulators have tried to prevent previous market panics, smaller banks have behind their backs been expanding credit lines to wealthy clients, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to Dow Jones. The regulators now try to rein in those tools.Read More →
China ages and its wealthy are looking for new ways to invest their money and secure their future, says a new report by Hurun and Taikang Life insurance. “The aging group expects to lead colorful and relaxed lives, and also to travel extensively after retirement,” Hurun chair Rupert Hoogewerf said to Global Times.Read More →