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?