China´s rich are increasingly looking for challenges, also when it comes to their holidays, says the Hurun Report Chinese Luxury Consumer Survey 2016. The wealthy entrepreneurs are keen to test their limits, says Hurun founder Rupert Hoogewerf in the China Daily, preferring adventure sports over riding and sailing.
The recent downturn in the stock market and the government restrictions on money capital transfers might hit transfers in China´s football leagues, says financial analyst Victor Shih to Associated Press. “It is a general problem for wealthy people in China who are major shareholders in companies,”
Alibaba´s Jack Ma was only the latest of a string of Chinese millionaires investing into football in their country. Football is a game changer, only in the early phase of commercializatin, say WSJ´s wealth editor Wei Gu and Roy Lu of Starline Inc., a Sino-U.S. sports entertainment agency.
Golf operator Mission Hills is opening a large public golf course at Haikou at Hainan island, to tap into China´s huge domestic tourism industry. WSJ wealth editor Wei Gu talks to Ken Chu, CEO of the Mission Hills Group on how to involve more than the current 5 million Chinese golf players in this sector.
Sport facilities have become the latest key asset to attract Chinese and their money into property and tourism. Business analyst Shaun Rein tells WSJ’s wealth editor Wei Gu that now Chinese can actually see since January how polluted their cities are, health and wellness are high on the agenda.