Bun’s rush: Petitioners make their point at Xi’s dumpling restaurant

Bun’s rush: Petitioners make their point at Xi’s dumpling restaurant

Staff Reporter

2014-01-07

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Petitioners hold banners in front of the store, Jan. 7. (Internet photo)

The Qingfeng steamed dumpling shop still buzzing from the presence of China’s president Xi Jinping — who by himself ordered and ate at the Beijing branch last week — has attracted a different kind of energy. Now petitioners across China have found a new hub for lobbing complaints at the government, reports Duowei News, a US-based news outlet run by overseas Chinese.Photos of Xi lining up and paying for his own meal at the famous shop sent China’s blogosphere into meltdown when they first appeared on Dec. 28. State media grabbed the opportunity to proclaim the leader’s connection with the common people, displayed through his adept ordering, paying, sitting and eating of the buns and intestine soup without assistance.

Petitioners, meanwhile, sniffed out a high-profile media opportunity and have begun waving banners in front of the shop, hoping to draw attention to the corruption of local officials in their respective districts. The petitioners photographed their protests and uploaded the photos onto the internet.

Some Chinese internet users have criticized the reports on Xi’s buns and said the Chinese government should spend more energy on improving people’s standard of living. The more opportunistic of them would like to see the “approved by Xi” branding extended to domestically produced sausages and milk powder, a surefire kickstart to demand against the ongoing battle against foreign counterparts and food scares.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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