Back

Stock’s 9,800% Rise Exposes Hong Kong’s Paper Billionaires

April 18, 2017

CKGSB Professor of Finance Gan Jie is quoted in a widely-read Bloomberg story that warns of the “gimmicks and tricks” used by executives from small Chinese companies who have been taking advantage of loopholes in Hong Kong’s stock market regulations to turn themselves into “paper billionaires”, despite having little or no profits.

Understand China from the Inside

Subscribe to our monthly newsletter today!

Understand China from the Inside

Subscribe to our monthly newsletter today!