Hao Hao ReportThe best China news and blog posts

Tax Refund Policy Towards Foreign Enterprises’ Re-investment

A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay.

Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended Friday evening with a bid of $2,110,100.

Richard Spencer asks whether Chinese foreign investment is a good thing, especially for China itself.

As Steve Dickinson very concisely summarizes in this recent post on China Law Blog, the government is actively expanding their control over foreign investment in China’s real estate market. That isn’t to say that real estate is completely off limits for foreign players, but rather that the Central Government has put themselves in a position where they can disapprove or delay projects completely at their own discretion.

Investment Expert & Author Jim Rogers (Co-founder of The Quantum Fund) touches upon key issues in China ranging from the stock market, the current real estate bubble, environmental issues and the growing trend of preparing the next generation for a globalized economy through Chinese language studies at a young age.

Over the more recent past, we have seen the increasing strength of domestic Chinese companies, resulting in greater outward investment and reduction of incentives for foreign investors in China. It will be interesting to watch and work in this rapidly-changing global market.

China Mobile's growth is changing the rules of the investment game.

With $1.2 trillion in reserves, most of it in dollar-backed assets, China plans to launch the world's largest investment fund. It could play havoc with the U.S. economy.

China and India's growing trade and investment in Africa holds great potential for African economic growth, a World Bank report has said.