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China cracks down on "Grey Rhinos" - could that include Wolves?

Fosun are smart and a lot of their money is out of the reach of the Chinese Government.
 
I imagine a lot of companies consider themselves smart, but if your home base is in a dictatorship there isn't much you can do if they want you gone.
 
I imagine a lot of companies consider themselves smart, but if your home base is in a dictatorship there isn't much you can do if they want you gone.

The Chinese government enabled/allowed/arranged Guangchang to meet May (spit) the other week, I can't imagine they are likely to cut his financial balls off any time soon.
 
No I'm not worried at all, but to consider Fosun safe for ever is daft. As much as I think they are God's gift to Wolverhampton lets not kid ourselves as to the origin of their wealth and power.
 
Beijing is mostly interested in controlling international financial dealings than anything else. Fosun doesn't yet have that sort of business in their portfolio. They'll be fine.
 
Beijing is mostly interested in controlling international financial dealings than anything else. Fosun doesn't yet have that sort of business in their portfolio. They'll be fine.

I'd say, Alan, that our main worry with Fosun is their indebtedness to the Chinese banks. Should Beijing ever decide to rein that in, then a lot of companies could be in trouble, including Fosun, as levels of Chinese corporate debt are huge. There is also a lot interconnected ownership in China: A owns shares in B and vice-versa. To what extent that affects Fosun I have no idea but - as Tredman says - to consider them safe is for ever is simply daft.
In theory Xi Jinping is in his 2nd and final term as General Secretary of the CCP: in my view he may well find a way to remain in power, but who knows what will happen and what the views of his eventual successor will be?
 
The Chinese government or Xi Jinping changed the rules for the leadership in China over the last few days re the two terms only,think he can carry on until he dies now
 
I'd say, Alan, that our main worry with Fosun is their indebtedness to the Chinese banks. Should Beijing ever decide to rein that in, then a lot of companies could be in trouble, including Fosun, as levels of Chinese corporate debt are huge. There is also a lot interconnected ownership in China: A owns shares in B and vice-versa. To what extent that affects Fosun I have no idea but - as Tredman says - to consider them safe is for ever is simply daft.
In theory Xi Jinping is in his 2nd and final term as General Secretary of the CCP: in my view he may well find a way to remain in power, but who knows what will happen and what the views of his eventual successor will be?

Global business is a pillar of the Chinese economy these days. I'd be surprised if any leaders came in and cut down on it too harshly, especially without suspicion of corruption. I grant you it's not an impossibility by any stretch, but if it did happen it would cause much more harm than good for China.
 
The Chinese government or Xi Jinping changed the rules for the leadership in China over the last few days re the two terms only,think he can carry on until he dies now

Thanks for that - hadn't seen that. By God, I bet they're not discussing the internal politics of the Chinese Communist Party on the West Brom forum!
 
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