A Beijing boy's escape from digging ditches in the desert to lecturing at Wharton: Weijian Shan’s memoir Out of the Gobi makes for an inspiring holiday read.
The fund manager's unsolicited offer dangles a 62% premium in front of unit holders. Its latest attempt to unseat the management of Spring Reit looks like it could succeed.
Funds are rapidly raising cash to invest in soured Chinese loans but a few leading private market investors question whether the capital can be put to work profitably.
Attempts to rejuvenate state-owned industrial behemoths are too slow and come with too many caveats, investors say. They see far more opportunities in China’s private sector.