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,…
China Insider: Boyu Capital Flees to Singapore in Fear of CCP Purge
February 26, 2021
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boyuBoyu CapitalCCPChinaChina Business & EconomyChina InsiderChinese LeaderChinese RegimeJiang ZeminJiang ZhichengNews VideospurgeSingaporeVideovideo specialWall Street Journal
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On Feb. 22, the Wall Street Journal quoted insiders who said that China’s Boyu Capital, a private equity firm founded by former Chinese leader Jiang Zemin’s grandson, Jiang Zhicheng, has moved part of its business from its Hong Kong headquarters to Singapore. Two co-founders of the company have also relocated to Singapore. The transition was…
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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