财新传媒
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Bottom line: ZhongAn should perform reasonably well over the short- to medium-term by drawing on its big-name investors for business, but faces uncertainty due to an untested business model.
ZhongAn banks on online insurance
There's not a ton to say about the year's first blockbuster IPO from the fintech realm, since it really went pretty much according to plan. I'm talking about the just-concluded listing for online-only insurance startup ZhongAn Online Property & Casualty Insurance, which was almost guaranteed a strong debut when its shares began trading yeste......
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VIDEO: Toutiao and YY Subsidize, Weibo Rules

阳歌 05月17日

财新传媒英文部编辑

Bottom line: Stellar earnings by Weibo and new funding for services from Toutiao and YY reflect the rapid rise in live broadcasting and short videos, in the latest boom for China's internet that will end with a bust in around 2 years.
Live streaming sucks up big funds
A trio of stories in the headlines are nicely spotlighting the oh-so-typical Chinese pattern of industries that suddenly become hot, leading people to pump huge amounts of cash into them in a fight for market share. Internet watchers will probably guess that I'm talking about the recent crazes in live broa......
Mark Dreyer

国家领导人关注足球事业是把双刃剑

Mark Dreyer 03月18日

Writing about sports and China.

今年年初,中国国家主席习近平频频出现在媒体视野之中,其与往届不同的亲民路线吸引了不少民众的眼球。当然在中国足球的建设方面,因为习主席的关注而发生了一些改变。
习近平热爱足球运动已家喻户晓,这对中国成千上万的球迷而言,的确是件让人振奋的事情。现在,理所应当地,习近平有充足的时间将部分注意力转向足球,以此来改善这项运动在中国的悲惨境地。不过,这种关注同样也会催生出压力,换言之,足协应该有所作为。
十年前,曾有一篇报道曾指出,中国男足的目标是冲击世界前八。可现实却如此残酷。国足在今年亚洲杯预赛中表现跌跌撞撞,最终凭借一个净胜球优势挤掉黎巴嫩惊险晋级,获得了明年澳大利亚亚洲杯的入场券。中国男足......
Mark Dreyer

CSL fires another blank with dud deal

Mark Dreyer 03月15日

Writing about sports and China.

For all the back-slapping about the CSL’s new title sponsor – a four-year deal with Ping An Insurance worth 150 million per year – in reality it’s just the latest in a long list of short-sighted moves by Chinese football authorities.
On the surface, it looks good: a 130% increase over the 65 million yuan per year previously paid by the Wanda Group. But Chinese football was in disarray when that deal was signed in 2011: referees, players and officials were all subsequently jailed for their part in a widespread match-fixing scam. Three years later, those pr......

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陈酿老久 实朴

原文:还乡琐记:草木叩门 生活继续

吴春波H-R “乡田同井,出入相望,守望互助,疾病相持”,已成追忆。

原文:还乡琐记:草木叩门 生活继续

小胖子真不瘦 风口浪尖上的传奇人物!如果你就这样被打败,那你就真的太失败了,但是我相信你不是这种人,期待你东山再起的那天。

原文:回来吧,贾跃亭

lulud 创业英雄还是欺诈惯犯

原文:回来吧,贾跃亭

zhangmingxiao 川普执政一百多天,初见端倪

原文:商人治国成笑柄

孙越 史上有很多传奇,更有很多英雄,他们的死彰显生命的价值。

原文:对外侦察局的掏心猎手

zhangmingxiao 这个不是一起超售事件,是美联航因为内部员工需要乘坐飞机,旅客满员的情况下利用超售这个工具来达到赶下旅客的目的。

原文:美联航赶乘客下飞机 资深机长告诉你是否违规

郭杰群 在美国,地产开发商将出售资产所得在一定期限内进行类似房产的再投资可以享受一定的免税条款。这在我国当前还不具备,因此在一定程度上制约了地产商的能动性。

原文:REIT的海外发展及启示

Lypsey3543 “据个人了解,中国一线城市住宅投资收益率不会高于3,美国可以达到6。”作者这里说的应是租金收益率。首先,因(特大)人口增长加速,在新兴市场投资房产,主要看资本利得,动态租金收益要会延后实现,静态比较同期没有太大意义。其次,物业年均持有成本,纽约和中国一线城市不可比。第三,纽约和曼哈顿是两个概念。离开曼岛,租金中位数值完全是不是一个档次。而中国一线城市的租金上涨范围更大。因为仍处于成长期。总体而言,虽然在中美两国都投资的是房产,但从收益分布特征和波动率来说,完全可以看作是差别极大的两类资产。就如同高等级债券和蓝筹股票,横比收益没有意义,因为后者大幅超越。归根结底更可能是风险偏好异质性(含Demographic factors)和经济周期所处阶段决定了投资者更偏爱哪一类。

原文:2017年美国房地产市场展望——美国市场、中国视角

王争春 价格和土地供给的问题,我们慢慢谈。市场有垄断市场、寡头市场和竞争市场,定价规则自然有差异。

原文:面对房价,教科书自焚吗?经济规律笑了

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