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China is clamping down on predatory 'financial crocodiles'
 

China is clamping down on predatory 'financial crocodiles'

China is clamping down on predatory In nature, crocodiles are apex predators. They sit at the top of the food chain. As adults, they’re not preyed upon by any other species in the wild. China’s “financial crocodiles” similarly sit atop their respective financial market food chain. These large Chinese conglomerates are headed by high-profile billionaires like Wang Jianlin of Wanda Group (net worth estimated at US$28.7 billion), Wu Xiaohui (over US$1.1 billion) of Anbang Insurance Group, Guo Guangchang (U... read more

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