Prohibited but possible
Interesting meeting this morning with Fredy Bush, founder and CEO of Xinhua Finance. Fredy's firm is China's biggest, most successful provider of market indices, investor relations services, company ratings and financial news. Xinhua is flourishing in a market where Rupert Murdoch's empire, among others, has failed. "Murdoch was arrogant. You can't be arrogant when doing business in China," says Fredy, who grew up on a farm in the US Midwest. Her philosophy for doing business in China? "Nothing is allowed but everything is possible." Since 1999, Fredy has built up her business through careful, sometimes "nose-to-nose" negotiations with the Chinese government, and via choice joint-ventures with FTSE, PR Newswire and others. Her plan is to keep her Tokyo-listed firm focused on China for the next few years. And then, well, watch your back, Rupert...


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