• Nov 05, 2021
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  China looks to mega-company chiefs

  
  

  Another Chinese property market giant is losing value massively (I think 75% for the year currently). Kaisa.

  
  

  China would like if the head of that company would offload some of his assets and make a dent in the companies financial issues. He owns $3b in stock, $200m in planes, $50m yacht, and $200m in houses. Most of his holdings are through a BVI company, so it's not exactly clear.

  
  

  Will Chinese billionaires behind these companies decide to give up their fortunes and continue being respected business people, and a part of what happens next in China? or will they say no, keep their wealth, and possibly move?

  
  

  #China #Economics
  
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  <div><b>China looks to mega-company chiefs</b></div><div><br></div><div>Another Chinese property market giant is losing value massively (I think 75% for the year currently). Kaisa.</div><div><br></div><div>China would like if the head of that company would offload some of his assets and make a dent in the companies financial issues. He owns $3b in stock, $200m in planes, $50m yacht, and $200m in houses. Most of his holdings are through a BVI company, so it's not exactly clear.</div><div><br></div><div>Will Chinese billionaires behind these companies decide to give up their fortunes and continue being respected business people, and a part of what happens next in China? or will they say no, keep their wealth, and possibly move?</div><div><br></div><div><a href="http://landandseajournal.com/post/hashtag/China">#China</a> <a href="http://landandseajournal.com/post/hashtag/Economics">#Economics</a><br></div>

  China looks to mega-company chiefs

  
  

  Another Chinese property market giant is losing value massively (I think 75% for the year currently). Kaisa.

  
  

  China would like if the head of that company would offload some of his assets and make a dent in the companies financial issues. He owns $3b in stock, $200m in planes, $50m yacht, and $200m in houses. Most of his holdings are through a BVI company, so it's not exactly clear.

  
  

  Will Chinese billionaires behind these companies decide to give up their fortunes and continue being respected business people, and a part of what happens next in China? or will they say no, keep their wealth, and possibly move?

  
  

  #China #Economics
  

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