China athletic footwear outlook, page-83

Jiameng Zhang and his father, are Taiwanese living and working in China.

Chinese residents had been subject to a $US50,000 ($A69,858) annual limit on the amount of Chinese Yuan they could exchange into foreign currency each year

these 2 clown have manage to lost control of the company they founded by gaming the system. They put up 160 mil shares as collateral for a USD loan. the loan denominate in USD rather than YUAN. Indicate, they receive this money outside of China.

This action will mean, Chinese authority will examine and scrutinise any SAFE transfer by XPD. very very thoroughly, although i don’t think they will knock back the SAFE transfer request.

Chinese government should not punish Australian investor, because of  the action of the company managing director.