Chinese Firms Ride Stock Market Roller Coaster
When the Chinese advertising firm Shanghai Longyun — whose name means dragon rhyme — went public on March 24, the stock market was on fire. The company was a family affair. The chairman, Duan Peizhang, and his wife, Fang Xiaoqin, who studied Chinese medicine and worked at a provincial food and drug bureau, held more than half the shares. Other direct and indirect investors included Duan’s brother, nephew, sister-in-law and some other...
