Focus
Chinese billionaires
China’s ‘Fake Divorces’: Wealthy Couples’ Stock Transfers Draw Regulatory Attention
Most of these divorces are intended to cash out stock holdings, allowing these billionaire couples to avoid certain risks or audits, academic says.
The Imprisoned Chinese Billionaires
In the early morning of Nov. 11, 2020, the police arrested a total of 28 executives of Dawu Group and its subsidiaries. Nearly all family members—his wife, two sons, and two daughters-in-law—were arrested. The group’s 28 subsidiaries were officially taken over, and almost all of the company’s assets were frozen.
