^^^ This is not the stock market, this is a wild speculative bubble driven by state sponsored easy credit targeted recklessly at retail investors who have never dabbled in the stock market before. The Chinese stock market just now gave back it's gains for the year. Think about that for a second, they just got back to where they were January 1st of this year. The market basically tripled in less than a year. Mr. Dailan has no less "money" than he started with at the beginning of 2015 and, if it were even a relevant factor (see below), that means the odds of this project getting done are no different than they were January 1st.
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Originally Posted by the urban politician
While true, the only problem is, people or entities generally don't pull a lot of cash out of funds when they are way down.
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People also don't fund skyscrapers by selling stock nor do billionaires fund the construction projects of companies they own by selling their own private assets. The price of stock in China has basically no effect on this project. In fact, the recent events in China have been heavily correlated with massive capital outflows from that country (after decades of huge inflows) which is exactly what this project represents.
If anything the way to look at this is that Vista Tower Chicago is causing the stock market in China to tank, not the other way around. Hundreds of simultaneous billion dollar projects to move money overseas tends to rapidly deflate domestic asset bubbles. People like Wang Dailan are no dummies and I'm sure he saw this coming a mile away (as did anyone who saw P/E ratios in China hitting the 100 mark) and probably was cashing in on this in the background somehow while continuing to funnel his assets out of the country as quickly as possible. I'm sure the gross mismanagement of this self inflicted economic wound by the Communist party has only further vindicated business leaders in China like Mr. Dailan in their attempts to diversify their companies and dilute China-linked risks.