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Fosun chief's disappearance stokes fear among China's CEOs

Published Thu, Dec 17, 2015 · 09:50 PM

Shanghai

THE disappearance of Fosun chief Guo Guangchang, dubbed China's Warren Buffett, has stoked fear among captains of industry who thought good behaviour and loyalty could protect them from Beijing's ever-expanding anti-graft campaign.

Mr Guo, the billionaire chairman of Fosun International which is one of China's biggest private conglomerates, disappeared from public view a week ago amid reports he had been detained by police in Shanghai.

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Companies & Markets

Companies & Markets

Fosun chief's disappearance stokes fear among China's CEOs

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

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