Greater Bay Area Fortune's Eamon Barrett has written a great primer on China's "Greater Bay Area" (GBA) project, and specifically where Hong Kong fits into the planned 11-city megalopolis (which also includes Macau, Guangzhou and Shenzhen) around the mouth of the Pearl River. He writes: "Within the GBA, Hong Kong is expected to leverage its status as a hub for international finance, aviation and dispute arbitration. The State Council's blueprint also charges Hong Kong with developing innovation and tech." Fortune SoftBank Hitch SoftBank is trying to knock together another $100 billion fund for tech startups, but according to the Wall Street Journal it's having trouble getting the biggest money managers to bite this time. SoftBank's first Vision Fund included contributions from the Canada Pension Plan Investment Board and Saudi Arabia's Public Investment Fund (which put in $45 billion,) but they're apparently planning to make small or no contributions to the new pot. WSJ China Warning China has warned academics and students to "strengthen risk assessment" before going to the U.S. to study, due to visa refusals and restrictions. The warning comes in the context of deteriorating trade relations between the countries. Reuters Democratic Socialism Are big business and democratic socialism guaranteed to clash? Not necessarily, sociology professor Stephanie L. Mudge writes for Fortune. "Historically speaking, the combination of purportedly anti-business forces in government, economic worries, and concern about political unrest has pushed business leadership and politicians—of whatever political stripe—into closer working relationships," she notes. Fortune This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here. |
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