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.
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Despite Ban, County Holds Convict Parade Days before Rule of Law Plenum
- Paris Expatriate
- Loft Horizon
- Fourth Plenum
- Which Way for Smartphone Swipe and Pay?
- Do you have faith in the central government's plans for cutting air pollution?
- Media Executive Who Ignored Mobile Internet Takes His Leave
- Chinese Firms 'Want to Build Bullet Trains for California Project'
- Sign up to receive our free daily newsletter
- The Yellow Pearls of China: Women with a PhD
- Graphics: Ghost Towns
- China Nears Deal with Mexico to Export Bullet Trains for First Time
- Researchers Cast Doubt on State Council Goals to Cut Air Pollution
- Eight Killed and 18 Injured in Riot in Kunming Suburb, Local Gov't Says
- Graphics: The Fourth Plenum
- Huge Vale Ship Arrived in Qingdao with 300,000 Tons of Iron Ore
- The Golden Lands: Cambodia, Indonesia, Laos, Myanmar, Thailand & Vietnam
- Revision of Securities Law Is Chance to Liberalize Market
- Alibaba Shopping Site Red-Faced after Number of Phone Orders Faked