The Lex Newsletter: the great resignation of China’s billionaires
This article is an on-site version of The Lex Newsletter. Sign up here to get the complete newsletter sent straight to your inbox every Wednesday and Friday
Dear reader,
The Great Resignation is spreading to the top echelon of Chinese business. Billionaire founders and chief executives are calling it quits.
But conspicuous riches are another reason property developers now find themselves in Beijing’s crosshairs. It is cracking down on “excessive wealth”.
Recommended newsletters for you
Cryptofinance — Scott Chipolina filters out the noise of the global cryptocurrency industry. Sign up here
Free Lunch — Your guide to the global economic policy debate. Sign up here
This story originally appeared on: Financial Times - Author:June Yoon
