News Analysis In May of this year, the Shanghai Stock Exchange (SSE) imposed disciplinary sanctions on the Beijing Xinwei Technology Group Co., Ltd. (Xinwei Group), and its chairman, Wang Jing. The sanctions included the delisting of the company’s shares and disallowing Wang to serve in any managerial capacity of listed companies for 10 years. Subsequent to the sanctions being imposed, the Xinwei Group’s assets became negative $2.3 billion and created significant financial turmoil for over 100,000 of its shareholders. The Nicaraguan Canal Hype Xinwei Group created a sensational scandal when it failed in its promise to build a navigable waterway through Nicaragua that would have rivaled the Panama Canal in size. In 2012, Wang initiated contact with Nicaraguan authorities to discuss getting permission to build a Nicaraguan canal. Meanwhile, Xinwei Group formed a private company in Hong Kong, HKND Group, which would oversee the build of this major canal. In …