“The one-and-half-day disappearance of Shanghai tycoon Guo Guangchang, chairman of Fosun Group, who is sometimes referred to as China’s Warren Buffet, comes at a particularly disturbing time for the mainland’s richest business figures. Earlier this month, tycoon Xu Ming was reported dead of a heart attack while in jail, despite being reported as enjoying an ‘excellent health and mental condition‘ just two months before his imprisonment. Xu Xiang, an aggressive private fund manager regarded as China’s George Soros, was arrested last month for alleged inside trading, while six of the top eight executives at CITIC Securities are being held for questioning over possible wrongdoing.”
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