A longer than usual reading list this week. Enjoy!

• Belle shows a less beautiful path for China tycoons: Zhang Lei, the founder of Hillhouse Capital, has to reinvent both the footwear retailer and his fund.
• Blockchain – the new technology of trust: Goldman Sachs thinks that blockchain has the potential to change the way we buy and sell, interact with the government and verify the authenticity of everything from property titles to organic vegetables.
• This 1,400% fund manager stays faithful to active investing: Hugh Young of Aberdeen Asset Management weighs in on the active vs. passive investing debate.
• Behind the global tech investing tsunami: Haresh Chawla writes that the gold rush in technology investing has changed the way firms are valued and built.
• China’s global financial integration: how far, how fast: The underlying agenda is liberalising China’s markets, but the country’s leaders remain cautious for fear of destabilising markets.
• This economic model organised Asia for decades. Now it’s broken: Automation threatens to block the ascent of Asia’s poor. Civil unrest could follow.
• How the Asian financial crisis helped Asia and harmed the west: Peter Tasker reflects on the lessons from the Asian financial crisis, which kicked off twenty years ago (July 1997).
• Once a model city, Hong Kong is in trouble: The NY Times looks at Hong Kong today, exactly twenty years after the handover.
• Interview with Liew Tzu Mi: GIC’s Chief Investment Officer on where his team is looking for fixed income returns.
• The Asian financial crisis teaches the need for bold reform, but is China listening?: William Pesek writes that China can learn from the past mistakes of others.