Singaporean Entrepreneurs

If you can’t be in China, you can participate in the boom via its companies that are going public. We visited Fosun in 2005 and was duly impressed with how its CEO (Guo Guang Chang) sky rocketed to the top by acquiring one SOE after another. For us, the most impressive unit is its pharmaceuticals [...]

The 1 billion market is starting to be come real. As China transitions to a more consumption-led economy, Chinese incomes will grow and a massive middle class is expected to emerge. According to research by MDI, the urban consumer markets, in particular, will develop rapidly, moving from 43 percent of the population today, to 69 [...]

* When China first allowed private investment in state-owned enterprises, the government created a two-tier approach that, in its initial design, would let companies raise additional capital while retaining a high degree of supervision over their assets. * Although this approach was successful at first, over time it did not facilitate a deepening of China’s [...]