Gome founder jailed for 14 years

The conviction of Huang Guangyu raises suspicions about the deeds of China's elite business leaders and what it takes to climb the ladder in a highly regulated market.

Gome founder jailed for 14 years

Huang Guangyu's rags-to-riches story has inspired millions of Chinese who, in the new China, are striving to change their lives by getting rich as quickly as possible. But his conviction yesterday has raised suspicions about the deeds of China's elite business leaders and what it takes to climb the ladder in a highly regulated market.

Huang, the founder and former chairman of Hong Kong-listed Gome Electrical Appliances Holding, was sentenced to 14 years in prison for insider trading, bribery...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...