WSJ wealth editor Wei Gu gives into the lives of a new generation young art collectors in China, with deep pockets, no fear to start in the high numbers, and focusing on global art, not only Chinese art. In some cases the offspring of first generation art collectors, they influence also the taste of their parents.
The stand-off between financial regulars in the US and China, and the Big Four accounting firms might be over soon, expects accounting professor Paul Gillis, looking a a recent piece in the Wall Street Journal. Inculding a US$500,000 settlement fee for each of the four, he writes on his weblog.
Chinese visa seekers to the US provide developers with almost rent-free capital, a brisk business that seems to benefit all parties involved, despite the risks involved. 11,000 EB-5 visa petitions were filed in 2014, representing US$5.5 billion, WSJ wealth editor Wei Gu learns from immigration lawyer Jean Francois Harvey.
The draft foreign investment law (FIL) is replacing the regulations from 1979. China has changed, and so a major overhaul of the law is long overdue, write lawyers Mark Schaub and Xu Ping in China Law Insight. They give an overview of the shortcomings of the current law, and the new features of the FIL. And it might only be the beginning.
2014 was a first record year for Chinese investments abroad, but 2015 is bound to follow that track. Outbound Chinese investments specialist Joel Backaler, author of China Goes West: Everything You Need to Know About Chinese Companies Going Global gives in Forbes his top-10 firm to watch this year.
Rupert Hoogewerf´s Hurun China Rich list published on Monday its inaugural ranking of the country´s wealthiest investors, topping Fosun´s Guo Guangchang. Part of a trend, says Rupert Hoogewerf in the Financial Times. “I see a clear trend of entrepreneurs in China actively moving towards becoming investors.”
Wages have been rising fast in China, and companies are struggling to improve productivity of their workers to remain competitive. There is still much to win, says business analyst Shaun Rein, author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia in Business Week.