China

Alternative Investments: Tesla’s China Strategy Drawn From Ancient Chinese War Treatise, Says Paul Holland

Alternative Investments, News / By

Elon Musk’s bold bet to make electric vehicles in China out of Tesla’s Gigagactory 3 may be a classic military strategy according to venture capitalist Paul Holland. And it draws a leaf from the 2,500-year old tome, “Art of War,” written by Sun Tzu.
China is the world’s largest market for electric vehicles.
Chinese companies are also the potentially largest competition for Elon Musk’s Tesla in its quest for global dominance in electric vehicles.

Alternative Investments: As China Liberalises, Amundi Wins Joint Venture Approval

Alternative Investments, News / By

Amundi Asset Management gains an early mover advantage in China.
Amundi, Europe’s largest asset manager with € 1.563 trillion of assets, secured approval for the first foreigner controlled wealth management joint venture in China.
On Friday, the China Banking and Insurance Regulatory Commission (CBIRC) greenlighted the Shanghai-based joint venture between Amundi and Bank of China Wealth Management (BOC). The JV would be owned 55% by Amundi and 45% by BOC.

The Domino Effect From This Chinese Bond Default

Alternative Investments, News / By

Mutual funds bleed after Peking University Founder Group Co.’s bond default.
Peking University Founder Group Co.’s bonds crashed by 70% the day after the Founder Group defaulted on a 2 billion yuan ($285 million) bond.
The Founder Group is a high tech Chinese industry and investment conglomerate with interests in everything from finance, real estate, healthcare, to commodity trading and IT services. It is 70% owned by the state-owned Peking University.
The value of other Founder Group bonds also slumped as the fear spread.