Caixin OnlineBusiness & IndustryTop Stories Industry
Closer Look: The Link between SOHO's Slumping Shares and China's Unwritten Rules
Closer Look: The Link between SOHO's Slumping Shares and China's Unwritten Rules
A scandal involving former bank official has touched a top developer, providing a glimpse of the way wealth is accumulated in this country
RELATED POSTS
![]() |
(Beijing) – A link between "House Sister" Gong Aiai and Pan Shiyi, the chairman of SOHO China, has become a hot topic on the Web in China.
It has also caused the share price of the major property developer to fall 8.6 percent to HK$ 6.28 on February 6.
Gong's story is an illustration of China's unwritten rules, namely that a back door can be used to get around the law in any field, in this case the real estate sector. The fact is that for the privileged and rich this back door is an entrance to huge personal gain.
RELATED POSTS
COMMENTS (0)
- Marriage, Sex and Character
- China Railway Corp. to Issue Bonds
- Passage to History
- Don't Expect Praises
- Investment in Agriculture Climbs
- Final Fantasy
- A Foul Find
- In Friday's Papers: Cabinet to Reduce Red Tape, Nationwide Inspection on Health Food
- Healthcare Needs Fundamental Reforms, Experts Say
- Healthcare and One-Child Policy: China's Ticking Bomb
- Sign up to receive our free daily newsletter
POPULAR STORIES
- Why Foxconn's Switch to Robots Hasn't Been Automatic
- Too Big To Fail Is Bigger than Ever
- Steel Industry Forges Ahead with Reform
- Graphics:Gold Consumption Jumps to Record High in Q1
- Delicacies of the Chinese Dream
- Deputy Shanghai Mayor 'to Take over at CIC'
- Closer Look: Divining Clues on the Future of Reform
- Investment Company Asks: Can We Legally Short Sell?
- Playing the Long Game
- The Real Reason the Stock Market Is Slumping
Latest Issue



































