Davos leaders look to China's investments abroad

The head of one of China's biggest private equity firms says Chinese investors are trying to follow the rules when investing abroad.

He spoke at the World Economic Forum, where business and political leaders are turning their attention Thursday to China, Africa and the Arab world.

John Zhao, CEO of Hony Capital, says foreign prejudice about Chinese investments is unfair, but acknowledged that some companies are still learning a game that much of the world has been involved in for decades.

Chinese companies and governments funds have been using vast reserves of cash to buy up foreign companies and invest in foreign government bonds in recent years.

Zhao told a panel that “the vast majority of Chinese companies are trying to follow the rules as they understand it.”

economyGovernment and politicsnewsUS

Just Posted

California Highway Patrol officers watch as Caltrans workers remove barricades from homeless camp sites as residents are forced to relocate from a parking lot underneath Interstate 80 on Monday, May 17, 2021. (Kevin N. Hume/S.F. Examiner)
San Francisco’s broken promise to resolve homeless encampments

‘There is an idea that The City is leading with services, and they are not’

The Department of Building Inspection, at 49 South Van Ness Ave., has been mired in scandal since since its creation by voter referendum under Proposition G in 1994. (Courtesy SF.gov)
The Department of Building Inspection, at 49 South Van Ness Ave., has been mired in scandal since its creation by voter referendum under Proposition G in 1994. (Courtesy SF.gov)
Whistleblowing hasn’t worked at San Francisco’s Department of Building Inspection

DBI inspectors say their boss kept them off connected builders’ projects

FILE — Mort Sahl on Nov. 10, 1967. Sahl, who confronted Eisenhower-era cultural complacency with acid stage monologues, delivering biting social commentary in the guise of a stand-up comedian and thus changing the nature of both stand-up comedy and social commentary, died on Tuesday, Oct. 26, 2021, at his home in Mill Valley, Calif., near San Francisco. He was 94. (Don Hogan Charles/The New York Times)
Legendary local comedian dies at 94

By Bruce Weber NYTimes News Service Mort Sahl, who confronted Eisenhower-era cultural… Continue reading

Sharon Van Etten (left) reached out to Angel Olsen about working on a song and they ended up releasing “Like I Used To,” which may be performed at Outside Lands. (Photo by Dana Trippe)
Performers’ emotions are high as Outside Lands returns to San Francisco

Festival features Sharon Van Etten and Boy Scouts alongside The Strokes, Lizzo and Tame Impala

Most Read