Families of China’s leader Xi Jinping and a rival faction led by former leader Jiang Zemin have been involved in business conflicts, leading to speculation that there are warring factions within the CCP. As a one-party state, the Chinese Communist Party (CCP) monopolizes power in China. The leadership, however, is not monolithic. After taking office,…
Boyu Capital Moves Operations Out of Hong Kong Amid Suspected Political Infighting: Report
February 24, 2021
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Alvin JiangBoyu CapitalChinaChina Business & EconomyChinese RegimeHK BusinessHong KongJiang ZeminSingaporeXi Jinping
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Boyu Capital, a fund company owned by China’s former leader Jiang Zemin’s family, is moving its business from Hong Kong to Singapore and Shanghai, The Wall Street Journal (WSJ) reported on Feb. 22. Jiang built a faction within the Chinese Communist Party (CCP) centered in Shanghai that controlled Hong Kong and had influence in other regions….
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