Closer Look: The Link between SOHO's Slumping Shares and China's Unwritten Rules
(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.
- China's Workers Earned More in 2014, but Percent Raises Shrank
- Big Blast
- China Telecom Confirms Severed Cables Caused Alipay Disruption
- The 'Liquidity Trap' with Chinese Characteristics
- Graphics: Expansion Expectations
- China Uses Drones to Monitor Pollution Problem from Above
- Experts Question Alipay's Backup Plans after Long Glitch
- Parents in Capital Angry at Recruiting Changes for Top Primary Schools
- A Prince's Legacy
- Emissions from Nation's Incineration Plants 'Surpass Standards'
- Sign up to receive our free daily newsletter
- Solar Panel Maker Suffering HK Share Sell-Off 'Failed to Repay Loans'
- The Big VIE Question
- South China Sea Issue Is Litmus Test for Sino-U.S. Relationship
- China Unleashes Bonds to Tackle Local Debt
- Rescue in the Works for Indebted Sinosteel
- Residents of Beijing Community Renew Protest against Waste Incineration Plant
- Banks Face Obstacles to Using Biometric Data for ID Purposes
- Party's 'United Front' Meeting Said to Be Aimed at Earning Reform Support
- Be Prepared to Pass the Test of Fed's Moves
- Developer Probed for Web of Floor Space Fraud