Recently, Chinese Mainland tea brand Molly Tea ordered to pay RMB 10.3 million for trademark infringement in a case involving Louis Vuitton. The brand said its logo was inspired by the “Baoxiang” flower motif often seen in Tang Dynasty architecture.
Prof. Xiang Fang from HKU Business School noted in an interview with the Hong Kong Economic Journal Monthly that completely free capital flows are no panacea. There is broad agreement, especially after the 2008 financial crisis, that full capital account openness is not necessarily the optimal choice.