Date
17 August 2017
Some people were worried that the black swan sculpture might bring bad luck to the stock markets. Photo: BBC
Some people were worried that the black swan sculpture might bring bad luck to the stock markets. Photo: BBC

Black swan sculpture unnerves Beijing investors

A huge modernistic sculpture depicting a black swan has been removed only hours after it was unveiled at a shopping mall in Beijing.

The problem? Some superstitious but influential guys involved in securities trading were apparently worried that it might bring bad luck to the markets, BBC News reports.

The sculpture was put up in front of the Seasons Place Shopping Center, and its sleek presence seemed right at home next to luxury boutiques such as Ermenegildo Zegna and Bottega Veneta, according to the Washington Post.

However, the posh shopping plaza is located right across the road from the offices of the China Securities Regulatory Commission (CSRC), the country’s stock market regulator, the BBC said.

A black swan has come to represent a highly improbable and unpredictable event, which investors don’t want to happen as they have not prepared for it.

So a black swan is considered bad luck, and therefore can’t be placed near the securities watchdog.

It’s not clear if its removal was the result of a complaint from the CSRC or if the mall’s management did it on their own.

It’s not the first time that a sculpture has earned the commission’s disapprobation.

In June, a statue of a popular cartoon bear was removed from the same shopping center after officials complained that it appeared to be sticking its middle finger up at the CSRC building.

It’s not only the statue’s perceived gesture that got the commission’s goat; a bear represents a market where share prices are falling.

Some netizens did not take too kindly to the commission removing the black swan sculpture, and accused the stock market people of throwing their weight around.

“This mall is private property, they can put up what they like!” the BBC quoted a Weibo microblogger as saying.

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RA/CG

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