Hints and tips:
...Additional reporting by Cheng Leng in Hong Kong and Nian Liu in Beijing...
...On Saturday, the bank said Guo and Yi had stepped down from their party roles....
...Under Guo and Yi, the PBoC had expanded its mandate to include digital payments and cryptocurrencies and other forms of credit such as property financing....
...Chinese billionaire Guo Guangchang’s Fosun conglomerate plans to make its biggest divestment this year as the owner of French resort group Club Med and English football club Wolverhampton Wanderers tries...
...Guo also pledged to use financial policies to boost the income of people affected by the pandemic....
...A crucial unit of Chinese billionaire Guo Guangchang’s Fosun conglomerate has secured a credit line of Rmb12bn from a syndicate led by large state banks, easing liquidity pressures at the company....
...The scrutiny over Guo’s business empire comes amid strains between President Xi Jinping’s government and China’s business leaders....
...Chinese billionaire Guo Guangchang’s Fosun group plans to sell a Rmb16bn ($2.2bn) stake in a massive Chinese steelmaker as the owner of French resort group Club Med, Portugal’s biggest bank Millennium BCP...
...Joann Cheng, who is also chair of the Lanvin Group and senior assistant president of Fosun International, Guo’s main Hong Kong-listed vehicle, has been acting as interim CEO....
...The immense challenge facing Guo marks the latest twist in an operatic life....
...“The beauty of Lanvin Group is that we are small and quite nimble and quick to adapt to the macroenvironment,” chair and chief executive Joann Cheng said during an analyst presentation in November....
...Additional reporting by Thomas Hale in Shanghai and Cheng Leng in Hong Kong...
...“There was no official explanation about my red code at all,” Guo said....
...Beyond Li, the list also excluded Xi’s economic tsar Liu He and top banking regulator Guo Shuqing....
...Wang Zhe, a senior economist at Caixin Insight Group, also noted rising distress in China’s labour market and inflation, exacerbating problems for economic planners in Beijing....
...That means more divestments and far fewer acquisitions look likely — Guo has had a busy year with $2bn in divestitures. Guo, the great survivor, has espoused a boundless trust in the market....
...That is perhaps why chief executive Cheng Wei unveiled plans last week to hire 50,000 retired soldiers annually over the next three years, expanding efforts to tackle the problem of veteran unemployment....
...Co-founder and chairman Guo Guangchang was briefly detained in late 2015 … Smaller players are running for cover....
...After a golden era for Hong Kong retailers fuelled by a surge in luxury goods purchases by China’s emerging millionaires and billionaires, Jessie Guo, a consumer industries analyst at stockbroker Jefferies...
...The company’s chairman, Cheng Wei, said the company had set aside $4bn last year to spend on what he called “market fostering”....
...By Ronald Cheng, Bingna Guo, Sean Wu, O’Melveny & Myers Chinese companies are by no means immune from the cyber attacks plaguing firms all over the world....
...There are extensive discussions on the proper fiscal policy that should be undertaken during an economic depression in the Chapter Cheng Ma the sixty-ninth of Guanzi....
...K11 and its museum are part of a sprawling retail empire belonging to the family of the energetic art collector and entrepreneur Adrian Cheng, with the museum tucked in the basement of the K11 shopping mall...
...State-owned enterprises “don’t miss a beat when a senior manager loses his job due to a corruption investigation”, said Mr Cheng. “Life just goes on.” Additional reporting by Owen Guo...
...In that case, political activists Guo Feixiong and Sun Desheng have been charged with “gathering a crowd to disrupt public order” after they held tiny street protests calling on Chinese leaders to disclose...
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