Some of China's richest people were forced by the government to part with prized assets, and they were lucky they did.
For Shuli Ren's latest contributions to The Japan Times, see below:
Developers, attuned to Beijing’s fast and furious credit cycles, are once again coming up with naughty if twisty ways to borrow and survive this harsh winter.
If China is at all serious about cutting down its debt, it will have to relent and do something dramatic. Maybe even bail out Evergrande.
Now, China’s crackdown on its ride-hailing giant Didi Global Inc. raises an uncomfortable question for the venture capital funds: Does their globe-trotting model work?
Conspicuous wealth attracts unwanted scrutiny. Beijing is wary of rich developers because they often load up on debt, thereby putting corporate China’s financial health at risk.
Every time there’s a price spike in pork or vegetables or fruit or Moutai somewhere in the country, China’s investors rush to buy their Big Food stocks.
The U.S. Congress has passed a bill that could ultimately lead to kicking Chinese companies off American exchanges, but it has a generous phase-in period. That may be too long.
At first glance, the sentence may be meant as a reminder to naughty business tycoons of Beijing’s lethal legal arsenal.
The New York Stock Exchange said late Monday that it no longer intends to move forward with the delisting of China’s three state-owned telecom operators.
Until recently, the U.S.-based hedge fund hasn’t been able to scare up much success in Asia.