Microblog insights

WANGXIULINXIANMIN: What China should do is to develop a domestic accounting firm that has the qualifications to compete with those outstanding foreign rivals.

SHUMIC: Putting a Chinese citizen at the top within three years? How could it be possible?

HUNNINGTUHAIIRENE: The normal situation is that accounting firms should be owned by locally qualified accountants.

HUALUOQINGYIPIAO: This move is very strange. Let's see how the Big Four auditors deal with it.

Topic 2: Chinese enterprises are accelerating the pace at which they acquire well-known foreign luxury brands, a move that targets the burgeoning domestic market. A recent case is the acquisition of the Italian yacht manufacturer Ferretti Group by China's State-owned Shandong Heavy Industry Group Co. Along with the purchase comes the challenge of how a State-owned enterprise, which has no real expertise in the luxury industry, can maintain the allure of the luxury brand it has bought.

XINYUXUAN: In recent years, Chinese companies have made a number of acquisitions in the overseas markets, but very few have ended well. Many Chinese businessmen don't understand European corporate culture and have no idea how hard it is to deal with the labor unions.

JINWOWEIBOZHILI: This is a choice with vision.

LINGHOUSE: The question is whether the brand can continue to develop and innovate.

All the information is from Sina Weibo.