The Business Times
business-time-50
SUBSCRIBERS

Guanxi in China 'can be a double-edged sword'

A relationship of trust can paper over fraud, for example, warn due-diligence experts

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jan 28, 2015 · 09:50 PM

    Singapore

    DOING business in China, it is said, boils down to guanxi, or relationships.

    But buying a company linked to someone powerful can just as well work against you, warned participants at a symposium, who were discussing issues related to conducting due diligence in China.

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    ​OCBC head of global consumer financial services Sunny Quek says: “All of us (financial institutions) have a wealth strategy. What’s really going to differentiate one bank from another is the execution."

    OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029

    Eugene Lee, chief marketing officer of Chagee (Asia-Pacific), says that even though tea is the world's second-most consumed beverage, it has not experienced “the same lifestyle elevation or premiumisation” that coffee has.

    ‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027

    UMS Integration CEO Andy Luong says the company has benefited from AI-driven increases in demand for deposition and foundry chipmakers, among others.

    UMS Integration closes 10.2% higher after posting ‘strong’ double-digit sales growth in Q1

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More