Corporate Governance

How Hong Kong’s Rules Let Naixue’s Founders Steal Your Investment—Legally

Naixue’s 96% stock crash isn’t a failure—it’s a feature of Hong Kong’s listing rules. Founders who never sold a share can legally steer a public company to ruin, then buy it back for pennies. The real scandal is that the system rewards insiders for destroying shareholder value.

Stop Thinking Business Is Fair. Start Thinking Like a Target.

A man invested his entire fortune to build the most profitable mall in Western China, generating 70 billion yuan in sales. He never saw a cent. The Supreme Court ruled in his favor. The local courts ignored it. This isn’t a story about corruption—it’s a structural failure of justice and a brutal warning for every entrepreneur.