written by reader Fosun

By Feddie, December 11, 2015

This highlights the scope of China’s risks:
Billionaire Chinese businessman disappears amid corruption crackdown.
China’s largest company, Fosun Group, owner of Club Med and Cirque du Soleil, last had contact with chairman Guo Guangchan on Thursday.


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Travis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe

Indeed, totalitarian regimes can take down even the biggest executives — not quite like Putin’s “disappearance” of Khodorkovsky, but similar levels of control. I do own Fosun, so am watching the story — no actual news, which is probably the craziest thing. Investors hate uncertainty, so even news that Guo was arrested for corruption might be taken better than the fact that he has just disappeared, presumably into the bowels of some kind of government inquiry. That headline from The Guardian is quite misleading, though — Fosun has a market cap around US$15 billion, it may be the biggest private… Read More »

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